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Yahoo Finance: The G20's financial watchdog recommended a blueprint for banks to report cyberattacks in a common format in a bid to speed up responses to hacking and limit the fallout on financial stability.
Crunchbase: Although venture funding struggled mightily in the first quarter, funding to cybersecurity startups specifically remained relatively even quarter to quarter — although well below the highs of the past few years. Venture-backed startups in cybersecurity saw nearly $2.7 billion in the first quarter of the year, per Crunchbase data.
Business Wire: BluWave, the business builders’ network for private equity grade needs, released its Q1 BluWave PE Industry Insights Report. The report’s exclusive data provides a unique perspective into how the world’s top businesses are finding and acting on opportunities in this uncertain economy.
CSO: Reporting an incident to the correct authorities or vulnerability clearinghouses can be an experience fraught with frustration. You pour time, energy, and resources into fighting an intrusion, all while keeping company officials and stakeholders up to date and preventing sensitive information from getting into the wild.
Dark Reading: Effective cybersecurity operations are as unique as the business models and technology choices of the companies they protect. Their creation and management are constantly complicated by a lack of common terminology and set of expectations, due mainly to the chaotic path our industry has taken since its relatively recent birth.
Dark Reading: Economic uncertainty puts enormous pressure on cybersecurity startups already struggling to break into a crowded market. It's bad news for both these nascent companies and their potential customers: As cyberattacks grow more prevalent, the need for innovative solutions from startups is greater than ever.
Bleeping Computer: Some of the victims affected by the 3CX supply chain attack have also had their systems backdoored with Gopuram malware, with the threat actors specifically targeting cryptocurrency companies with this additional malicious payload.
Cision: Trend Micro Incorporated, a global cybersecurity leader, today published new research detailing how criminal groups start behaving like corporations as they grow bigger, but that this comes with its own attendant costs and challenges.
Liberty Mutual: Cyber is a complex and constantly evolving challenge for any company but couple cyber risk with private equity activity and the risks can be compounded exponentially.
DarkReading: Financial activity in the cybersecurity industry declined sharply in the first quarter of 2023 compared to the same period in 2022, and analysts tracking the sector expect little improvement until at least the second half of the year.
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