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Industry News: ESG5

    Cybersecurity Firm Sues Advocis For $560K

    2025-02-24

    Investment Executive: Advocis faces its fourth legal claim in just over a year, this one arising from a cybersecurity contract the association allegedly terminated after naming its new CEO last fall. 

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    Cybersecurity As A Brand Differentiator: Building Consumer Trust

    2025-02-24

    Forbes: Amid rising concerns about data breaches, identity theft and privacy violations, cybersecurity has become more than just an IT and business operations necessity—it has become a brand differentiator. 

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    Private Equity Surges in Security and Defence Sectors

    2025-02-24

    Funds Europe: Private equity investment in security technology is accelerating, driven by rising geopolitical instability and increased government defence spending, according to research.

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    Bybit Hack Exposes Multi-Sig Security Flaws as Industry Reevaluates Protections

    2025-02-24

    Wealth Professional: Bybit, one of the largest cryptocurrency exchanges, suffered a US$1.5bn security breach that has since triggered US$5.5bn in outflows.

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    Know Your Breach: Globe Life

    The Target: Globe Life is an American financial services holding company.

    The Take: The information potentially exposed includes names, email addresses, phone numbers, and postal addresses. In some cases, Social Security numbers, health-related data, and other personal details may also have been involved.

     The Vector: The ongoing review indicated that the breach may have involved information linked to its American Life Insurance Co. subsidiary. In a new SEC filing on Jan. 30, Globe Life reported that customer information compromised in the attack was traced to databases maintained by a limited number of independent agency owners.

    This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.

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    Tech Investment Firm Insight Partners Discloses Data Breach

    2025-02-19

    Cybersecurity Dive: Insight Partners suffered a data breach in January stemming from what it described as “a sophisticated social engineering attack.” In a statement the private equity and venture capital firm said it initially detected unauthorized access to “certain Insight information systems” on Jan. 16. 

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    What A New Presidency Means For Global Cybersecurity—And For SMEs

    2025-02-19

    Forbes: As a cybersecurity leader dedicated to safeguarding small- and medium-sized enterprises (SMEs) from cyber threats, the shifting sands of the cybersecurity landscape are always top-of-mind.

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    Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation

    2025-02-19

    Insurance Journal: Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.

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    Cybersecurity Gaps Exposed as 96% of S&P 500 Firms Hit by Data Breaches

    2025-02-18

    Tech Monitor: Cybersecurity vulnerabilities continue to pose significant risks to major corporations, with 96% of S&P 500 companies experiencing data breaches, according to the latest findings from the Cybernews Business Digital Index

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    Palo Alto Networks Warns Firewall Vulnerability Is Under Active Exploitation

    2025-02-18

    Cybersecurity Dive: Palo Alto Networks confirmed that a high severity vulnerability, listed as CVE-2025-0108, in its PAN-OS management web interface was being exploited by attackers in the wild.

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