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Industry News: ESG5

    Cybercrime Money-launders Busted By European Police, FBI

    2020-10-15

    Yahoo Finance: European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware schemes.

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    Livingbridge-backed Cybersecurity Business Adarma Reports Record Revenues of GBP41m

    2020-10-13

    Private Equity Wire: This is the seventh year of consecutive double digit growth for the Edinburgh and London-based business, and follows a 24 per cent rise to GBP32 million in 2018. It is the first year-end since mid-market private equity house Livingbridge supported an MBO in May 2019, and represents significant progress following the initial investment.

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    New Research Shows Companies With Strong Cybersecurity Outperform the Market By Up To 7%

    2020-10-06

    Cision: BitSight, the Standard in Security Ratings, and Solactive, a German index engineering firm, today released new research demonstrating that a company's cybersecurity performance is an indicator of business performance.  Analysis shows that indices composed of well-performing BitSight-rated companies outperform their respective benchmarks by 1% to 2% annually.  For certain sectors, such as U.S. Technology, well-rated companies outperform the benchmark by 7% per year. The findings are an endorsement for today's introduction of the Solactive BitSight Cyber Risk Index, a financial index that will enable investors to invest in companies who are top cybersecurity performers as measured by BitSight.

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    Ransomware Is Evolving, But the Key to Preventing Attacks Remains the Same

    2020-09-21

    ZDNet: "Ransomware is one of the main threats," Fernando Ruiz, head of operations at Europol's European Cybercrime Centre (EC3), told ZDNet. Europol supports the 27 EU member states in their fight against terrorism, cybercrime and other serious and organised forms of crime.

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    ETERBASE Crypto-Exchange Hit in $5m Heist

    2020-09-10

    infosecurity: Yet another cryptocurrency exchange has been hit by a major cyber-attack, this time leading to the loss of over $5m from customers’ hot wallets. Slovakian firm ETERBASE, which describes itself as “Europe’s premier digital asset exchange,” revealed yesterday that around $5.4m was stolen.

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    What Private Equity Investors Need to Know About Cybersecurity in the Pandemic

    2020-09-09

    Mergers & Acquisitions: The Covid-19 pandemic has spawned a perfect confluence of events that created an optimal striking ground for hackers. At Aon, a global professional services firm headquartered in London, in the U.K., we have seen cyberaattacks increase by 33% during lockdown. Hackers are preying on isolated work forces during a time when IT resources are stretched and many staff are furloughed.

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    University Warns That 'Serious Cyber Incident' Could Take Weeks to Fix

    2020-09-08

    ZDNet: Newcastle University has been hit by a cyberattack that it says will take weeks to fix – and while the institution hasn't confirmed the nature of the incident, a ransomware gang is threatening online to leak the personal data of students.

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    UK Businesses Hardest Hit Financially by Fallout from Cyber Attacks, Research Shows

    2020-09-03

    ComputerWeekly: UK businesses were among those worst hit financially by the fallout from cyber attacks during 2020, according to research from insurance provider Hiscox.The firm’s annual Cyber readiness report highlights the vertical markets across the UK, the US, Spain, Germany, France, Belgium, Ireland and the Netherlands that are considered highest risk of falling victim to cyber attacks.

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    NCSC Departing Boss Reflects on China, Russia and Trust in Tech

    2020-08-27

    BBC: As the official in charge of defending the UK against cyber-threats, he knew enough to spot a scam. But it was also a sign he was unlikely to have a quiet end to his time as the first head of the National Cyber Security Centre (NCSC).

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    How GDPR Influences the Behaviour of Cybercriminals and the Tactics They Use

    2020-08-24

    ITProPortal: Since the General Data Protection Regulation (GDPR) came into force, it has had a significant impact not only on how companies collect and use data, but on how they protect it. GDPR has shaped not only cybersecurity in Europe, but the business world at large, and as threats continue to advance, we look at how GDPR has shaped cybercriminal behavior.

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