.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Forbes: Cyberattacks are very costly. The world’s leading cybersecurity economy researcher Cybersecurity Ventures expects global cybercrime costs to grow by 15% per year, reaching 10.5 trillion dollars annually by 2025.
VentureBeat: Cybersecurity’s most proven innovation catalyst continues to be the many challenges of securing cloud infrastructure. The cloud has won the enterprise, dominating large enterprises’ tech stacks. The average enterprise uses 1,427 cloud services, and the average enterprise employee uses up to 36 cloud services, including platforms for collaboration and file-sharing.
Mint: Italy's National Cybersecurity Agency (ACN) issued warning to organisations to take action to protect their systems after thousands of computer servers around the world have been targeted by a ransomware hacking attack. ACN director general Roberto Baldoni said that the hacking attack sought to exploit a software vulnerability, adding it was on a massive scale.
US News: MKS Instruments Inc said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker's production-related systems. The company said it was in the early stages of investigating the attack that it identified on Feb. 3, adding that costs related to the incident have not been determined.
BNN Bloomberg: UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to assess the scale of the attack, it said in a statement.
Yahoo Finance: Hackers are targeting a two-year-old VMware server software vulnerability in a ransomware campaign aimed at extorting thousands of companies around the world, Italy’s National Cybersecurity Agency warned.
The Target: Trustanduse.com, a digital platform for consumers to rate products, services, stores, and professionals.
The Take: Exposure of 439,000 records of Personally Identifiable Information including: usernames, first and last names, Facebook IDs, phone numbers, and hashed account passwords.
The Vector: A misconfigured data server was left open and unsecured, meaning anyone with an internet connection could have viewed and downloaded the data.
This breach is critical reminder that authentication controls are an important piece in an overall robust cybersecurity posture. This data is perfect for constructing highly effecting spear-phishing campaigns. 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.
CRN: Cyren is cutting “substantially all” of its staff with layoffs of 121 employees as the cybersecurity vendor says it is exploring an asset sale or liquidation, the company said. The publicly traded company said in a news release that “existing cash and projected cash flows from operations will not be sufficient to meet the company‘s working capital needs in the near term.” The company’s stock price fell 44 percent, to 42 cents a share.
Business Wire: KnowBe4, Inc. (“KnowBe4”), the provider of the world’s largest security awareness training and simulated phishing platform, announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, for $24.90 per share in cash.
CTV: A dozen Canadian ministers quietly met in Vancouver last week to brainstorm better online protections for the private information of citizens. The Digital Trust and Cybersecurity symposium on Jan. 25 was attended by representatives from every province and territory, save Alberta, and took place roughly six months after the inaugural meeting in Quebec.
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