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Industry News: ESG5

    Female-Led Cybersecurity Startup Protexxa secures $10 Million in Funding

    2024-07-24

    Tech Funding News: Protexxa, one of the fastest-growing cybersecurity companies in Canada has closed a $10 million Series A funding round. 

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    Judge Deals Major Blow to SEC’s Cybersecurity Enforcement Stance

    2024-07-23

    CFO Dive: A recent ruling in the Securities Exchange Commission’s lawsuit against Austin, Texas-based software provider SolarWinds has dealt a significant blow to the agency’s aggressive cybersecurity enforcement posture, legal analysts said.

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    Hackers Leak Documents From Pentagon IT Services Provider Leidos, Bloomberg News Reports

    2024-07-23

    Yahoo Finance/Reuters: Hackers have leaked internal documents stolen from Leidos Holdings Inc, one of the largest IT services providers to the U.S. government, Bloomberg News reported, citing a person familiar with the matter.

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    Kaspersky Lab Shuts Down US Operations in Wake of National Security Ban

    2024-07-16

    CSO Online: Russian security firm Kaspersky Lab has informed its employees in the United States that the company will begin winding down its US operations starting July 20, according to a report from Zero Day.

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    Google Nears $23 Billion Deal for Cybersecurity Firm Wiz, WSJ Reports

    2024-07-14

    BNN Bloomberg: Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.

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    US Supreme Court Ruling Will Likely Cause Cyber Regulation Chaos

    2024-07-02

    CSO Online: The US Supreme Court has issued a decision that could upend all federal cybersecurity regulations, moving ultimate regulatory approval to the courts and away from regulatory agencies.

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    Evolve Bank Shares Data Breach Details as Fintech Firms Report Being Hit

    2024-07-02

    SecurityWeek: The notorious ransomware group LockBit recently threatened to leak data allegedly stolen from the US Federal Reserve. The cybercriminals did leak data on June 26, but it turned out that the files actually originated from an Arkansas-based financial organization, Evolve Bank & Trust.

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    Optiv Report Shows Nearly 60% Increase in Security Budgets as Most Organizations Report Cyber Breaches and Incidents

    2024-06-26

    Dark Reading: 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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    Central Banks Must Prepare for Profound Impact of AI, BIS Says

    2024-06-25

    U.S. News: Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, but stressed the technology should not replace humans when it comes to setting interest rates.

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    Breaking Down the Numbers: Q2 2024 Cybersecurity Funding Activity Recap

    2024-06-25

    Help Net Security: Alethea closed a $20 million Series B funding round led by GV, with participation from Ballistic Ventures, who led Alethea’s Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside leading venture capital funds, targeting companies with high growth potential and international ambitions.

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