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Industry News: ESG5

    Global Collaboration Stressed to Stave Off Cyber-attacks

    2019-11-14

    Tribune: Security experts have cautioned nations that major cyber-attacks may happen around the globe in the near future, which may force governments and private sector to seek international help in an effort to take back control of their systems from hackers.

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    Why Cyber-Risk Is a C-Suite Issue

    2019-11-12

    DARKReading: In a global study of more than 2,200 organizations across 22 different countries, NTT Security's 2019 Risk:Value research found that cyberattacks (43%), data loss or theft (37%), and attacks on critical infrastructure (35%) — aimed particularly at telecoms and energy networks — concern respondents the most.

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    The Global Cybersecurity Market was Valued at USD 118.78 Billion in 2018, and is Expected to Reach USD 267.73 Billion by 2024

    2019-11-11

    Cision: The global cybersecurity market was valued at USD 118.78 billion in 2018, and is expected to reach USD 267.73 billion by 2024, registering a CAGR of 14.5%, during the period of 2019-2024. The rise in trend for IoT, BYOD, AI and machine learning in cybersecurity is increasing. For instance, machine learning provides advantages in outlier detection, much to the benefit of cybersecurity. Machines can handle billions of security events in a single day, providing clarity around a system's activity and flagging anything unusual for human review. 

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    Most Organizations Plan to Increase Their Cybersecurity Budgets in 2020

    2019-11-06

    Help Net Security: With the perpetually shifting threat landscape, most organizations (over 90%) believe that the cyber threat landscape will stay the same or worsen in 2020, according to FireEye.

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    Europol and Palo Alto Networks Expand Their Cooperation in Tackling Cybercrime

    2019-10-23

    Europol: Europol and Palo Alto Networks have signed a Memorandum of Understanding (MoU) to expand their collaborative efforts in combating cybercrime and working together to make cyberspace safer for citizens, businesses and governments.

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    Thwarting Cybersecurity Attacks Depends on Strategic, Third-Party Investments

    2019-10-22

    Homeland Security News Wire: Companies interested in protecting themselves and their customers from cyber-attacks need to invest in themselves and the vendors that handle their data, according to new research from American University.

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    Cybersecurity: Why Your Suppliers Are Still Your Weakest Link

    2019-10-16

    ZDNet: Ensuring an organisations suppliers and supply chain are well protected is now one of the key features of cybersecurity strategy because your company's defences rely on suppliers further down the chain.

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    Cyberattacks Now Cost Small Companies $200,000 on Average, Putting Many Out of Business

    2019-10-13

    CNBC: With 43% of online attacks now aimed at small businesses, a favorite target of high-tech villains, yet only 14% prepared to defend themselves, owners increasingly need to start making high-tech security a top priority, according to network security leaders.

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    U.S. Companies Unaware of EU Cybersecurity Regulations

    2019-10-07

    Forbes: U.S. companies have been abuzz about compliance requirements with the European Union’s (EU) Global Data Protection Regulation (GDPR), which became effective May 25, 2018. The GDPR was so scary because the enforcement provisions allowed fines up to 2-4% of total global turnover.

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    Align Awarded Best Cybersecurity Services Provider for Hedge Funds for Second Consecutive Year

    2019-10-02

    Business Wire: The accolade is based on an online peer-review survey in which investors, hedge fund managers and service providers are invited to elect a “best in class” in a variety of categories. The recognition comes on the heels of Align ranking 122 on the Top 200 Managed Security Services Providers (MSSPs) of 2019. The firm was also highly commended for “Best Use of Cloud Technology” in the HFM US Service Awards.

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