.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
BNN Bloomberg: Shares in BlackBerry Ltd. were down more than 10 per cent in early trading after the company lowered its fourth-quarter and full-year revenue expectations for its cybersecurity business. The dip in share price comes as the company said some large deals that were expected to close in the quarter were not completed in time.
Mondaq: Cybersecurity risk applies to businesses of all sizes and across all industries - it is a risk that cannot be ignored. In particular, cybersecurity risk can no longer be ignored in the deal lifecycle. Time and again, investors have seen value evaporate after an acquisition target or new portfolio company is breached by a threat actor.
Axios: Health systems buffeted by labor and supply chain costs and broader economic woes have another unwieldy financial problem: the soaring costs of cyber insurance.
ABC News: German police said Monday they have disrupted a ransomware cybercrime gang tied to Russia that has been blackmailing large companies and institutions for years, raking in millions of euros.
The Target: Animker, an all-in-one video marketing online platform company.
The Take: Exposure of 700,000 records of Personally Identifiable Information including: full names, device types, postal codes, IP addresses, mobile phone numbers, email addresses, profile details, and physical addresses.
The Vector: A misconfigured database was left open and unsecured, and notably, on its default settings, meaning anyone with an internet connection could have viewed and downloaded the data using the server maker’s basic setup guide.
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.
U.S News: The White House announced a new cybersecurity strategy in the latest effort by the U.S. government to bolster its cyber defenses amid a steady increase in hacking and digital crimes targeting the country.
The Guardian: The US Marshals service fell victim to a ransomware security breach this month that compromised sensitive law enforcement information, a spokesperson said.
CFTC: Commodity Futures Trading Commission Chairman Rostin Behnam today announced that longtime federal prosecutor Ian McGinley will serve as the agency’s Director of Enforcement. Mr. McGinley’s arrival supports the Chairman’s continued focus on aggressively monitoring and policing commodity markets at a time of heightened stress and volatility, emerging digital threats to financial markets, including cryptocurrency frauds, cyber-enabled financial fraud, and cyberattacks.
Yahoo News: Cybersecurity firm CrowdStrike’s latest Global Threat Report showed that the number of attacks using malware has dropped in the last year, with hackers instead using “hands-on keyboard activity” to breach organisations.
Tech Crunch: Cybersecurity continues to be a major area for investment among businesses — and VCs. While a decline from the previous year, venture capital funding in the cybersecurity sector totaled $18.5 billion in 2022, according to Momentum Cyber.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Prague
V Parku 8, 148 00 Praha 11,
Czech Republic
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy