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Private Equity Wire: Cybersecurity cannot be a onetime implementation exercise. It requires ongoing management, review and maintenance. And although there has been significant growth in private equity (PE) managers adopting cybersecurity software and solutions, there is still considerable progress to be made.
Private Equity Wire: In Q1 2021 USD3.7 billion was invested by VCs globally, an increase of +35 per cent. That looks set to shatter 2020’s record USD8.3 billion (+22 per cent).
ZDNet: Hackers working for the Russian foreign intelligence service are behind the SolarWinds attack, cyber-espionage campaigns targeting COVID-19 research facilities and more, according to the United States and the United Kingdom.
Funds Europe: French asset managers have been warned that they could be nurturing a false sense of security over their management of cybersecurity risks.
Cision: Darktrace, a leading autonomous cyber security AI company, today announced that a study conducted by MIT Technology Review finds that 96% of security leaders are now preparing for the emergence of AI-powered cyber-attacks, with many embracing AI defenses.
BNN Bloomberg: A spokesperson for the commission said that a number of EU bodies “experienced an IT security incident in their IT infrastructure.” The spokesperson said forensic analysis of the incident is still in its initial phase and that it’s too early to provide any conclusive information about the nature of the attack.
Evening Standard: The average cost to companies that have been hit in the last 12 months is estimated to be £8,460, according to the annual Cyber Security Breaches Survey.
IPE: The manager of Norway’s sovereign wealth fund has put forward the idea that the main stock exchanges around the world should be required to have emergency facilities where trading can continue if they suffer a major technological failure or cyberattack.
ZDNet: UK CEOs have revealed their top concerns after a year that saw remote work become the norm, with accelerated digital transformation and highly visible cyberattacks.
Zawya: HP Inc. released its new Quarterly Threat Insights Report, providing analysis of real-world attacks against customers worldwide. The report found that 29% of malware captured was previously unknown* – due to the widespread use of packers and obfuscation techniques by attackers seeking to evade detection. 88% of malware was delivered by email into users’ inboxes, in many cases having bypassed gateway filters.
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