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Industry News: ESG5

    Hackers Steal Over $2 Million in Cryptocurrency From CoinStats Wallets

    2024-06-25

    SecurityWeek: Cryptocurrency portfolio manager CoinStats resumed activity recently after hackers drained over $2 million in virtual assets from 1,590 wallets. The incident prompted CoinStats to shut down its application to mitigate the attack.

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    Multiple Car Dealers Report Disruptions to SEC Due to Cyberattack on Software Company

    2024-06-24

    The Record: Several large car-dealership companies in the U.S. filed notices with regulators in relation to a ransomware attack on CDK Global that has stymied work at thousands of dealers across North America over the last week. 

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    Key Steps for PE Firms to Mitigate Cyber Risks in Portfolio Companies

    2024-06-19

    FinTech Global: According to ACA Group, companies with fewer than 1,000 employees bear the brunt of up to 82% of ransomware attacks, painting a target on PortCos due to their typically nascent cybersecurity measures and constrained resources to combat breaches.

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    Huntress Captures $150M Series D At $1.5B-Plus Valuation

    2024-06-18

    Crunchbase: Maryland-based Huntress became the newest cybersecurity unicorn after it raised a $150 million Series D at a $1.5 billion-plus valuation. The new round was led by Kleiner Perkins, Meritech Capital and existing investor Sapphire Ventures.

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    Non-Human Identity Lifecycle Firm Entro Security Raises $18 Million

    2024-06-18

    SecurityWeek: Non-human Identity (NHI) lifecycle firm Entro Security has raised $18 million in a Series A funding round led by Dell Technologies Capital and including angel investors. The funds will be used to scale the firm’s global operations. 

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    SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations

    2024-06-18

    U.S. Securities and Exchange Commission: The Securities and Exchange Commission announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to cybersecurity incidents and alerts in late 2021.

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    Federal Contractors Pay Multimillion-Dollar Settlements Over Cybersecurity Lapses

    2024-06-18

    The Record: Two federal contractors have paid a total of $11.3 million in civil penalties to the U.S. government after admitting they failed to properly test the cybersecurity of a system for providing financial assistance to low-income people in New York during the COVID-19 pandemic.

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    McAfee Successor Magenta in Talks With Elliott for Fresh Cash

    2024-06-17

    Yahoo Finance: Cybersecurity software firm Magenta Buyer is in talks with creditor Elliott Investment Management to provide it with fresh money as revenue falls and liquidity thins, according to people familiar with the situation.

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    NetSPI Acquires Hubble to Address Asset and Exposure Management Challenges

    2024-06-13

    Help Net Security: NetSPI announced its acquisition of Hubble, a Northern Virginia-based cyber asset attack surface management (CAASM) and cybersecurity posture management solution.

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    H.I.G. Capital Announces the Sale of DGS S.p.A.

    2024-06-11

    Business Wire: H.I.G. Capital (“H.I.G.”), is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager.

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