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Wealth Briefing Asia: Family offices are already feeling the impact of weak cybersecurity. As reported in a survey by Deloitte, the accountancy and professional services giant, found that almost half (43 per cent) of family offices around the world – a sector estimated to hold more than $3 trillion in total AuM – have suffered a cyberattack in the past two years.
Business Wire: ReliaQuest, a leader in AI-powered security operations, announced a new funding round of more than $500 million led by EQT, KKR and FTV Capital, with participation from other existing investors Ten Eleven Ventures and Finback Investment Partners.
Cybersecurity Dive: Enterprises are pouring more money and resources into AI initiatives, whether it’s tapping new services, getting legacy systems ready for integration or training employees on how to best use the technology.
GlobeNewswire: The Cybersecurity Mesh Market is expanding as enterprises combat increasingly sophisticated cyber threats in a complex IT landscape.
PYMNTS.com: Historically, banks built security the same way they built vaults: thick walls, high fences and minimal exposure. But digital transformation has upended that perimeter.
Dark Reading: Cybersecurity is at an inflection point. As threats grow in complexity and regulatory scrutiny increases, leadership in the industry is evolving. I know this firsthand: If you had told me years ago that I'd be leading a cybersecurity company, I probably wouldn't have believed you.
The Guardian: Google’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has ever made.The search company’s purchase of the Israeli startup comes as Google attempts to catch its competitors Microsoft and Amazon in the competitive cloud services market.
Private Banker International: Cybersecurity has always been a pressing concern in financial services, but it is becoming a priority for investors. In terms of concerns, cybersecurity is always near the top for private banks, wealth managers and their clients. Protecting money, especially at the level of wealth, is crucial.
Private Banker International: In an era where cyber threats loom large over every industry, asset managers find themselves in an increasingly precarious position. With substantial assets under management (AUM) and access to sensitive client data, these firms are prime targets for cybercriminals.
Yahoo Finance: Global cybersecurity spending is projected to surge in coming years as artificial intelligence tools like chatbots and agents proliferate, creating new risks that force enterprises to shore up their information technology defenses, according to Bloomberg Intelligence analysts.
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