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Industry News: ESG5

    Venture Capital Financing of Cyber Companies Slid to $18.5 Billion in 2022

    2023-02-22

    The Record: Venture capital investments in cybersecurity firms showed a significant dip in the second half of 2022, according to data collected by financial research firm Momentum Cyber.

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    The Cost of Cybersecurity Insurance Is Soaring–And State-Backed Attacks Will Be Harder To Cover

    2023-02-15

    Yahoo Finance: State-backed cyber attacks are on the rise–but they are not raising the level of alarm that they should in the corporate world. When working with companies, my team often encounters executives who say they have insurance, so everything will be alright. 

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    New Year, More Cybersecurity Concerns: What To Expect In 2023

    2023-02-14

    Forbes: Despite the pandemic seeming to ease slightly, 2022 was another year plagued with unknowns and disruption. From global conflict and cybercrime to ongoing supply chain challenges, the only certainty appears to be uncertainty.

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    ChatGPT And More: What AI Chatbots Mean For The Future Of Cybersecurity

    2023-02-14

    ZDNet: From relatively simple tasks, such as composing emails, to more complex jobs, including writing essays or compiling codeChatGPT -- the AI-driven natural language processing tool from OpenAI -- has been generating huge interest since its launch.

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    Cybersecurity, Hardware Cos Join Layoff Race

    2023-02-12

    Bizz Buzz: Technology layoffs continue without any respite in sight as cybersecurity firms and hardware devices companies optimise workforce, joining global technology giants like Google and Amazon among others. Sources in the know said many cybersecurity firms have recently reduced their workforce as hyper-demand arising from the pandemic begins to wane.

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    Law Firm Compliance Challenges Underscore Need for Renewed Cyber Security Focus

    2023-02-09

    PR Web: Messaging Architects, an eMazzanti Technologies Company and legal technology expert, examines law firm compliance challenges in a new article. The informative article first asserts that attorneys must understand how and when numerous regulations apply to law firms.

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    Cybersecurity—Value Driven From Safety

    2023-02-09

    Forbes: Cyberattacks are very costly. The world’s leading cybersecurity economy researcher Cybersecurity Ventures expects global cybercrime costs to grow by 15% per year, reaching 10.5 trillion dollars annually by 2025.

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    The Cloud’s Growing Impact On Cybersecurity

    2023-02-08

    VentureBeat: Cybersecurity’s most proven innovation catalyst continues to be the many challenges of securing cloud infrastructure. The cloud has won the enterprise, dominating large enterprises’ tech stacks. The average enterprise uses 1,427 cloud services, and the average enterprise employee uses up to 36 cloud services, including platforms for collaboration and file-sharing.

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    Chip Equipment Maker MKS Instruments Says It Is Investigating Ransomware Attack

    2023-02-06

    US News: MKS Instruments Inc said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker's production-related systems. The company said it was in the early stages of investigating the attack that it identified on Feb. 3, adding that costs related to the incident have not been determined. 

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    Hackers Are Using a Critical Flaw in VMware as Part of a Ransomware Campaign Targeting Thousands of Organizations

    2023-02-06

    Yahoo Finance: Hackers are targeting a two-year-old VMware server software vulnerability in a ransomware campaign aimed at extorting thousands of companies around the world, Italy’s National Cybersecurity Agency warned

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