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Industry News: ESG5

    96% of CISOs Struggle to Get the Support Required to Be Resilient Against Cyber Attacks

    2023-04-25

    Business Wire: Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), will highlight new research and insights on stage at the 2023 RSA Conference. 

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    M&A Exits For VC-Backed Cyber Startups Continues To Sputter

    2023-04-25

    Crunchbase: Just as funding has sputtered to cybersecurity startups in recent quarters, the main exit avenue for startups and investors also has been narrowing.

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    Securing Digital Finance: What SEC Proposed Cybersecurity Amendments Mean

    2023-04-25

    Spiceworks: Last month, the Securities and Exchange Commission proposed sweeping cybersecurity regulations aimed at the finance sector to minimize cybersecurity risk, define incident response and public disclosure protocols, and more.

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    12 Critical Steps To Safeguard Your Company From Cyberattacks

    2023-04-24

    Forbes: As the founder of a nonprofit that focuses on cyber resilience, I often stress how important the dialogue is around assessing and analyzing a company's digital footprint, dark web exposure, leaked data and compromised credentials in real time. 

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    State-Sponsored Cyberattacks are Likely to Increase in 2023 as Revenues are Predicted to Reach $344 Billion by 2030

    2023-04-24

    Yahoo Finance: According to Cybersecurity Ventures, global cybercrime will reach $10.5 trillion annually by 2025. Tackling this issue requires investment, and the report forecasts that cybersecurity revenues will reach $344 billion worldwide by 2030.

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    Know Your Breach: Samsung

    The Target: Samsung, a South Korea based technology company.

    The Take: Exposure of internal company documents including: meeting notes and sensitive source code.

    The Vector: Samsung employees uploaded sensitive information to ChatGPT, an A.I chat service. ChatGPT takes information provided by users to better answer further questions in the future, and as such, the data uploaded will be provided to third-parties at any time without any controls or user authorization.  

    This breach is a unique insight into how rapidly the A.I development is proceeding. It is critical that employees be aware of what such services are, and the risks involved. External services like ChatGPT takes information inputted with absolutely no accountability or oversight. Any data sent in this way can be considered open to the public.

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    March 2023 Broke Ransomware Attack Records With 459 Incidents

    2023-04-19

    Bleeping Computer: March 2023 was the most prolific month recorded by cybersecurity analysts in recent years, measuring 459 attacks, an increase of 91% from the previous month and 62% compared to March 2022.

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    FSB Targets Common Language For Cyber Incident Reporting

    2023-04-19

    FundsTech: Global watchdog for the financial services sector, the Financial Stability Board (FSB), has called for greater convergence in the reporting of cyber incidents.

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    UK Cyber Security Chief to Warn of China’s Rise as a Technology Superpower

    2023-04-18

    The Guardian: China poses an “epoch-defining” challenge to the west, the head of the National Cyber Security Centre (NCSC) is reportedly to warn. Lindy Cameron, who is the director of the GCHQ arm, will use a speech in Belfast this week to warn the UK and allies of the “dramatic rise of China as a technology superpower”.

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    EU Proposes $1.2 Billion Plan to Counter Growing Cybersecurity Threats

    2023-04-18

    US News: The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about a series of high-profile hacking incidents.

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