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Industry News: ESG5

    Lookout Sells Its Consumer Cybersecurity Business to F-Secure for $223M and Goes All-In on the Enterprise

    2023-04-26

    TechCrunch: Lookout’s long-running transition to becoming an enterprise security company is all but complete, revealing today that it’s selling its consumer mobile security business to Finland’s F-Secure in a deal valued at around $223 million.

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    96% of CISOs Struggle to Get the Support Required to Be Resilient Against Cyber Attacks

    2023-04-25

    Business Wire: Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), will highlight new research and insights on stage at the 2023 RSA Conference. 

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    M&A Exits For VC-Backed Cyber Startups Continues To Sputter

    2023-04-25

    Crunchbase: Just as funding has sputtered to cybersecurity startups in recent quarters, the main exit avenue for startups and investors also has been narrowing.

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    12 Critical Steps To Safeguard Your Company From Cyberattacks

    2023-04-24

    Forbes: As the founder of a nonprofit that focuses on cyber resilience, I often stress how important the dialogue is around assessing and analyzing a company's digital footprint, dark web exposure, leaked data and compromised credentials in real time. 

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    State-Sponsored Cyberattacks are Likely to Increase in 2023 as Revenues are Predicted to Reach $344 Billion by 2030

    2023-04-24

    Yahoo Finance: According to Cybersecurity Ventures, global cybercrime will reach $10.5 trillion annually by 2025. Tackling this issue requires investment, and the report forecasts that cybersecurity revenues will reach $344 billion worldwide by 2030.

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    March 2023 Broke Ransomware Attack Records With 459 Incidents

    2023-04-19

    Bleeping Computer: March 2023 was the most prolific month recorded by cybersecurity analysts in recent years, measuring 459 attacks, an increase of 91% from the previous month and 62% compared to March 2022.

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    FSB Targets Common Language For Cyber Incident Reporting

    2023-04-19

    FundsTech: Global watchdog for the financial services sector, the Financial Stability Board (FSB), has called for greater convergence in the reporting of cyber incidents.

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    UN Cybercrime Treaty Could Lead To Increased Surveillance Of ‘Crypto’ Industry Worldwide

    2023-04-18

    Coingeek: The current draft of the United Nations Cybercrime Treaty will require digital asset companies to implement comprehensive surveillance systems, turn over financial information to governments, and restrict access to unregulated decentralized finance (DeFi).

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    SEC Reopens Comment Period for Investment Adviser and Investment Company Cybersecurity Proposals

    2023-04-17

    The National Law Review: On March 15, 2023, the SEC reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies and business development companies that were proposed on February 9, 2022.

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    Breach Me Twice, Shame On Who? The Importance Of Backing Cybersecurity Initiatives

    2023-04-17

    Forbes: As the number of cyber attacks rises, understanding and assessing cybersecurity measures has become critical. Unfortunately, many companies are still ill-prepared to handle the threat.

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