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Cybersecurity Dive: The banking crisis and nagging suspicion that hardship will spread, even to companies not directly linked to the failed banks, could have an ancillary effect on the cybersecurity market.
SEC: The Securities and Exchange Commission proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges, security-based swap data repositories, security-based swap dealers, and transfer agents (collectively, “Market Entities”) to address their cybersecurity risks.
Financial Post: The former chief executive of Bulletproof, a cybersecurity firm with headquarters in Fredericton, New Brunswick, points to the rash of cyberattacks against organizations around the world that have been hacked and whose IT systems have been held for ransom by online bandits, including the attack on the City of Saint John, just an hour down the road.
Bleeping Computer: The collapse of the Silicon Valley Bank (SVB) on March 10, 2023, has sent ripples of turbulence throughout the global financial system, but for hackers, scammers, and phishing campaigns, it's becoming an excellent opportunity.
BNN Bloomberg: Decentralized lending protocol Euler Finance was hit by an attack that drained $197 million in cryptocurrencies from its platform, making it the largest hack in its corner of the digital-assets market this year.
Dark Reading: The stunning collapse of Silicon Valley Bank (SVB) could put a damper on the ability of venture-backed cybersecurity startups to secure vital capital for operations and strategic investments.
The Target: Community Health Systems, a U.S based multi-state hospital chain.
The Take: Exposure of 1 million records of Personally Identifiable Information including: full names, medical billing and insurance information, diagnoses, medication, date-of-birth, and social security numbers.
The Vector: A zero-day exploit was used to breach a third-party vendor, Fortra, of CHS, targeting their file transfer software which let the attackers gain access to sets of files throughout the third-party vendor’s systems.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
GlobeNewswire: The cyber security market growth includes increased number of data breaches across the globe, rising digitalization, and increased sophisticated cyber intrusions. Cyber threats are anticipated to evolve with the increase in usage of devices with intelligent and IoT technologies.
The Guardian: The cybersecurity firm Darktrace has warned that since the release of ChatGPT it has seen an increase in criminals using artificial intelligence to create more sophisticated scams to con employees and hack into businesses.
Dark Reading: The Biden administration's plans to introduce minimum cybersecurity requirements for organizations in critical infrastructure sectors could face challenges in a divided Congress.
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