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Industry News: ESG5

    Hedge Fund CFOs Say Data Demands Will Drive Up Ops Spend

    2021-05-26

    Hedge Week: New research by Intertrust Group — which quizzed 100 CFOs across the UK, Europe, North America and Asia, from hedge funds collectively representing a total AUM of USD7.3 billion spanning a range of strategies – indicates the growing clamour for greater transparency from investors will place increase burdens on hedge funds’ ops teams.

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    Tessian Raises $65M to Accelerate its Mission of Preventing Human Risk in Global Enterprises

    2021-05-26

    Help Net Security: Human Layer Security company Tessian announces that it has raised $65 million in Series C venture capital funding to accelerate its mission of quantifying and preventing human risk in global enterprises, and empowering people to do their best work without security getting in the way.

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    Drawbridge Appoints New Chief Information Security Officer

    2021-05-18

    Hedge Week: Eyre will drive Drawbridge’s corporate cybersecurity strategy and oversee infrastructure, security and privacy initiatives as the company continues its rapid global growth. Eyre also serves as Managing Director and Head of Europe for Drawbridge. 

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    FCA Sends Thousands of Staff on Cyber and Financial Crime Training Courses

    2021-05-18

    Institutional Asset Manager: The Financial Conduct Authority (FCA) has sent 4,430 of its employees on compulsory cyber and information security courses over the past two financial years – (FY 19-20 and FY 20-21) – to help combat the growing threat of financial crime, such as money laundering and fraud, according to official figures.

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    UK Govt Seeks Advice on Defending Against Supply-chain Cyberattacks

    2021-05-17

    Bleeping Computer: The UK government has announced a call for advice on defending against software supply-chain attacks and ways to strengthen IT Managed Service Providers (MSPs) across the country.

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    Insurer AXA Halts Ransomware Crime Reimbursement in France

    2021-05-06

    ABC News: In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.

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    FCA Data Breach Reports Down 30 Percent Despite UK Cyber Incidents Increasing by 56 Percent

    2021-05-05

    Institutional Asset Manager: Freedom of Information data obtained by Kroll from the FCA shows that the number of reportable cyber incidents where company or personal data was potentially compromised or breached dropped 30 per cent to 76 in 2020, compared to 108 during the same time period in 2019. 

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    CVC Capital Partners Backs Acronis

    2021-05-05

    Mergers & Acquisitions: CVC Capital Partners VII and other investors have provided $250 million in funding to Acronis, a cyber protection provider. Acronis will use the funds to accelerate growth by expanding its portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to expanding Acronis’ partner network, notably managed service providers.

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    Belgian Government, Parliament, Colleges Hit by Cyberattack

    2021-05-04

    Yahoo Finance: The company providing internet services for Belgium’s parliament, government agencies, universities and scientific institutions said Tuesday that its network was under cyberattack, with connections to several customers disrupted.

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    Financial Institutions Experiencing Jump in New Pandemic-related Threats

    2021-05-04

    Help Net Security: A huge jump in new pandemic-related threats, alongside a rise in challenges caused by enforced work from home guidance, is leaving open and insecure gaps in FIs’ networks. The findings analyze the changing nature and impact of fraud, risk and cyber threats on UK and US FIs and consumers over the last 12 months.

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