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Fox Business: While tech firms are firing, the cybersecurity segment is hiring. Technology firms have shed more than 300,000 jobs in the past two years with more on the way. Electronic Arts announced a restructuring plan that includes a 6% workforce reduction to prioritize "growth opportunities."
DarkReading: Financial activity in the cybersecurity industry declined sharply in the first quarter of 2023 compared to the same period in 2022, and analysts tracking the sector expect little improvement until at least the second half of the year.
McKinsey & Company: Private equity (PE) investments in software—500-plus deals of more than $100 billion in value last year—have outperformed other investments made by the asset class for upward of a decade.
GlobeNewswire: In 2021, according to Eurostat, the expanding penetration of internet users, 95% of young people (aged 16-29 years) in the European region, and the adoption of cloud-based services and Advanced Persistent Threats (APTs) presented an extensive chance for cyber vendors in the European cyber security market size.
Yahoo Finance: DigitalOcean Holdings, Inc., the cloud for startups and small-to-medium-sized businesses (SMBs), today announced the findings of a recent report on how SMBs feel about and are responding to cybersecurity threats.
BNN Bloomberg: Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said.
The Guardian: Latitude Financial has revealed that 14m customer records – including driver’s licence numbers, passport numbers and financial statements – were stolen from its system in a cyber-attack that was far worse than the company initially reported.
The Target: Lionsgate Play, a U.S based video-streaming platform.
The Take: Exposure of 30 Million records of User Data including: IP addresses, operating system, user search queries, and web browser information.
The Vector: A misconfigured Elasticsearch database was left open and unsecured, meaning anyone with an internet connection could have viewed and downloaded the data.
This shows how important authentication controls are, and even more critically, that they be purposefully and smartly deployed with security in mind. Multi-factor authentication and password length and complexity rules on server access are effective strategies to mitigate these kinds of breaches to protect a firm’s data.
Private Equity Wire: Arlington Capital Partners has launched Eqlipse Technologies, (Eqlipse) a new platform company formed from firms focused on full-spectrum cyber and signals intelligence engineering, digital operations and identity management, and research and development.
Information Week: Despite all the conversations about diversity initiatives and efforts in the past few years to get more women in STEM careers, it often seems the needle is moving slowly. Too often, these conversations are just that -- talking points that sound good but aren’t connected to action-oriented strategies.
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