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Industry News: ESG5

    Ransomware Victims Paid $460 Million in First Half of 2024

    2024-08-20

    SecurityWeek: Chainalysis found that while illegal on-chain activity has dropped by nearly 20% year-to-date, ransomware payments have increased by 2%, from $449.1 million in the first half of 2023 to $459.8 million in the first half of 2024.

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    Microchip Technology Discloses Cyberattack Impacting Operations

    2024-08-20

    Bleeping Computer: American chipmaker Microchip Technology Incorporated has disclosed that a cyberattack impacted its systems over the weekend, disrupting operations across multiple manufacturing facilities.

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    CISOs Face Uncharted Territory in Preparing For AI Security Risks

    2024-08-13

    CSO Online: Generative AI, which has the unique ability to create original content and actions, had its conceptual origins in 1906 when Russian mathematician Andrei Andreevich Markov created a stochastic model of probabilities known as the Markov chain. 

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    The CrowdStrike Meltdown: A Wake-up Call for Cybersecurity

    2024-07-30

    Dark Reading: On July 19, the world experienced one of the largest IT outages in history, affecting millions of users globally, and systems and people will be reeling from its impact for weeks. 

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    ‘The Worst Thing You Can Do’ After a Data Breach, According to a Cybersecurity Expert

    2024-07-30

    CNBC: When you get an email or see a headline telling you there has been a data breach at a company you do business with, the natural instinct may be to roll your eyes and go about your day.

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    CrowdStrike Blames Defect in Content Update for Epic IT Crash

    2024-07-24

    BNN Bloomberg: CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT outages, said that a bug in a safety mechanism allowed flawed data to go out to customers in a botched update, causing last week’s meltdown.

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    Optiv Report Shows Nearly 60% of Respondents Surveyed Increased Security Budgets as Most Organizations Report Cyber Breaches and Incidents

    2024-07-24

    Yahoo Finance: Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations' cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.

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    Cybersecurity Firm Wiz Rejects $23 Billion Bid From Google Parent Alphabet

    2024-07-23

    The Guardian: The cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.

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    Shocked, Devastated, Stuck: Cybersecurity Pros Open Up About Their Layoffs

    2024-07-23

    Dark Reading: Tony Bradley, a seasoned communications professional in the cybersecurity industry, was blindsided when he was recently laid off from his role as a marketing director.

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    Orgs Are Finally Making Moves to Mitigate GenAI Risks

    2024-07-17

    Dark Reading: A new analysis by Netskope of anonymized AI app usage data from customer environments showed substantially more organizations have begun using blocking controls, data loss prevention (DLP) tools, live coaching, and other mechanisms to mitigate risk.

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