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Industry News: ESG5

    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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    Inside a Massive Cyber Hack that Risks Compromising Leaders Across the Globe

    2019-10-02

    ABC News: One email was all it took for hackers to steal some of the most personal information from people potentially now in high-ranking roles across the globe.

    The cyber attack was so sophisticated it didn’t even need the person to click on a link or open a document to compromise decades worth of private information.

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    Financial Crime and Fraud in the Age of Cybersecurity

    2019-10

    McKinsey: In 2018, the World Economic Forum noted that fraud and financial crime was a trillion-dollar industry, reporting that private companies spent approximately $8.2 billion on anti–money laundering (AML) controls alone in 2017. The crimes themselves, detected and undetected, have become more numerous and costly than ever. In a widely cited estimate, for every dollar of fraud institutions lose nearly three dollars, once associated costs are added to the fraud loss itself.

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    Gone Phishing: How Easy is it to Fall for a Fake Email?

    2019-09-26

    CityAM: Phishing emails are a major concern in cyber security. Some, like that message, are intended to trick the recipient into revealing sensitive information, while others are used to install malware onto someone’s device – sometimes without their knowledge – or can even lead to a ransomware attack, where the user is locked out of their system unless they fork over cash to the perpetrator.

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    Cybersecurity: Why You Should Hire Staff from Firms That Have Fallen Victim to Hackers

    2019-09-25

    ZDNet: Companies that fall victim to cyberattacks and data breaches often come in for criticism, but one of the best things an organisation can do to ensure it remains protected against the impacts of a hacking incident is to take advantage of the expertise of cybersecurity professionals who've faced a major attack.

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