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Industry News: ESG5

    Investment May Be Down, but Cybersecurity Remains a Hot Sector

    2023-05-31

    Dark Reading: Despite a more cautious approach to financing, investors continue to scour the country for the next generation of cybersecurity startups that can aid enterprises in the never-ending quest to safeguard critical IT systems.  

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    Cyberattacks a Matter of When, Not If: Industry Leaders

    2023-05-30

    Investment Executive: The recent data breach that affected customers of Toronto-based InvestorCOM Inc. has reminded large financial services firms of the importance of cybersecurity preparation.

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    Governments Require a Comprehensive Workforce Development Strategy to Address Cybersecurity Skills Shortage, Says Info-Tech Research Group

    2023-05-30

    PR Newswire: Governments worldwide are becoming increasingly digital, leading to more prevalent and more diverse cyberattacks.

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    The Trend Continues: Increased Regulatory Focus On Privacy & Cybersecurity For Private Funds

    2023-05-30

    Mondaq: Recent enforcement actions highlight the increased regulatory scrutiny that private funds may face with respect to internal cybersecurity protocols and responses to cyber-crimes and cyber incidents under new and updated cybersecurity laws.

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    New Veeam Research Finds 93% of Cyber Attacks Target Backup Storage to Force Ransom Payment

    2023-05-23

    Business Wire: Organizations of all sizes are increasingly falling victim to ransomware attacks and inadequately protecting against this rising cyberthreat.

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    What Security Professionals Need to Know About Aggregate Cyber-Risk

    2023-05-23

    Dark Reading: Risk aggregation is not a new phenomenon. The insurance industry, for example, has long examined how shared assets and similarities between organizations in their books bundle potential risk. 

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    16 Tips For Creating Effective Companywide Cybersecurity Initiatives

    2023-05-23

    Forbes: With ever-evolving attack strategies and a growing list of countries and states adding regulations, companies have no choice but to be more proactive about cybersecurity. 

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    Compliance Managers Struggling to Manage Off-Channel Comms Risk

    2023-05-17

    Funds Tech: Despite the fact that the majority of financial firms have banned the use of social media platforms such as WhatsApp and WeChat, compliance officers are not convinced this will be effective in managing the risk of off-channel communications.

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    LexisNexis Risk Solutions Cybercrime Report Reveals 20% Annual Increase in Global Digital Attack Rate

    2023-05-17

    PR Newswire: LexisNexis® Risk Solutions today released the results of its annual Cybercrime Report, an analysis of data from 79.8 billion transactions processed through its LexisNexis® Digital Identity Network® throughout 2022.

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    Survey Reveals 71% of Asset Managers Dealt With Institutional Investor Concerns Around Cybersecurity in 2022

    2023-05-16

    Institutional Asset Manager: In a recent Crestbridge Alternative Managers’ Mood Index (CAMMI) survey, results highlighted the growing concern of investors in cybersecurity during the fundraising due diligence process in the fund management industry.

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