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Euronews: Cybersecurity investments will have to be doubled under the next European Commission mandate in order to ensure the bloc’s resilience to counter attacks, a senior EU official said.
US News: Israeli cybersecurity firm Cato Networks, which was valued at more than $3 billion in a private funding round last year, has hired underwriters for an initial public offering in New York, according to people familiar with the matter.
Bleeping Computer: The U.S. Securities and Exchange Commission (SEC) announced that two investment advisers, Delphia (USA) and Global Predictions, have settled charges of making misleading statements regarding the use of artificial intelligence (AI) technology in their products.
SecurityWeek: The networking giant paid $157 per share in cash for Splunk, a powerhouse in data analysis, security and observability tools, in a deal first announced in September 2023.
The Target: Financial services firm Paysign. Paysign brought in a revenue of about $12 million last quarter through its prepaid card programs, payment processing systems and digital banking services.
The Take: 1,242,575 records containing the full names of customers, addresses, dates of birth, phone numbers and account balances.
The Vector: A cybercriminal with the name “emo” claimed to have taken the data and leaked it on to a hacking forum. The company declined to provide any further information regarding how the attack occurred.
With the fintech industry experiencing rapid growth, this leak stands as a clear reminder of the critical role of robust cybersecurity measures. Fintech companies manage and store exceptionally sensitive customer data. This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
PR Newswire: Nozomi Networks Inc., the worldwide leader in OT and IoT security, announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally.
Investment Executive: The Canadian Investment Regulatory Organization (CIRO) is updating its exam timeline for mutual fund dealers and sharing what its areas of focus will be during upcoming exams for all dealers.
Help Net Security: From a security point of view, it always pays to think one step ahead and about what might be coming next. One of the latest breakthroughs in AI technology is “interactive AI”.
SecurityWeek: The new investment round was led by J.P. Morgan Growth Equity Partners, with additional funding from existing investors Bessemer Venture Partners and TIN Capital.
GlobeNewswire: According to a recent report published by Allied Market Research, the global cybersecurity for critical infrastructure in the financial sector industry generated $9,012.96 million in 2022, and is anticipated to generate $17,465.33 million by 2032, witnessing a CAGR of 6.9% from 2023 to 2032.
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