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Industry News: ESG5

    Cybersecurity Takes Centre Stage In Investor Due Diligence

    2025-02-17

    Funds Europe: Cybersecurity has emerged as a top priority for investors during fundraising due diligence, with 27% of investors now focusing on digital security risks, according to the Core Alternative Managers’ Mood Index (Cammi) report by Gen II Fund Services.

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    Fintech Giant Finastra Notifies Victims of October Data Breach

    2025-02-17

    Bleeping Computer: Financial technology giant Finastra is notifying victims of a data breach after their personal information was stolen by unknown attackers who first breached its systems in October 2024.

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    Know Your Breach: HPE

    The Target: Hewlett Packard Enterprise, an American multinational information technology company.

     The Take: A breach notification filing with the state of Massachusetts indicated that Social Security numbers, driver’s license numbers and credit/debit card numbers were compromised in the attack.

     The Vector: HPE was notified on Dec. 12, 2023, that a suspected nation-state threat group had breached its Office 365 email environment. An investigation revealed that starting in May 2023, Midnight Blizzard actors accessed emails and pilfered data from mailboxes “belonging to individuals in our cybersecurity, go-to-market, business segments, and other functions.”

     As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    Thoma Bravo-Backed SailPoint Set for US Market  Comeback After Over Two Years

    2025-02-13

    Yahoo Finance/Reuters: Thoma Bravo-backed cybersecurity firm SailPoint will start trading on the Nasdaq, returning to the U.S. stock market more than two years after it went private.

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    Ransomware Gangs Shifting Tactics to Evade Enterprise Defenses

    2025-02-12

    Cybersecurity Dive: Huntress found that ransomware gangs are broadly using the kinds of advanced tactics and techniques that were first tested on large organizations, such as tampering or disabling cybersecurity products.

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    Buyout Firms Vie For Cybersecurity Firm Trend Micro, Sources Say

    2025-02-12

    Yahoo Finance/Reuters: Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro, which has a market value of 1.32 trillion yen ($8.54 billion), according to people familiar with the matter.

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    71% of Audit Committees Are Now Discussing Cybersecurity Quarterly

    2025-02-12

    CFO: In an time where deepfakes, synthetic identity fraud and fake documents pose an increasing threat to businesses, audit committees are ramping up cybersecurity oversight — yet financial and nonfinancial firms are taking vastly different approaches. 

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    Trump to Nominate Sean Cairncross as National Cyber Director

    2025-02-12

    Cybersecurity Dive: President Donald Trump plans to nominate Sean Cairncross, a former official at the Republican National Committee, as the next national cyber director, according to a list of planned nominees obtained by Cybersecurity Dive. 

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    India’s Central Bank Launches Exclusive Internet Domains to Combat Cyber Threats

    2025-02-10

    MSN: The Reserve Bank of India (RBI) is set to introduce exclusive internet domains for financial sector participants, including banks and non-banking entities, to enhance cybersecurity.  

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    SolarWinds Taken Private in $4.4 Billion Turn/River Capital Acquisition

    2025-02-10

    SecurityWeek: Turn/River Capital is prepared to pay roughly $4.4 billion in cash for SolarWinds — $18.50 per share, which represents a 35% premium to the stock’s closing price over a period of 90 days prior to the deal being announced. 

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