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Industry News: ESG5

Drawbridge Launches New Module for Private Equity Funds

2021-06-09

Private Equity Wire: The new module gives PE funds a single view to monitor the complete cyber risk profiles of their portfolio companies in real-time. The first offering of its kind in the industry, the module was developed in partnership with Drawbridge clients who have been confronted with a dramatic rise in cyber-attacks on their portfolio companies in terms of both size and frequency.   

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Hedge Fund CFOs Say Data Demands Will Drive Up Ops Spend

2021-05-26

Hedge Week: New research by Intertrust Group — which quizzed 100 CFOs across the UK, Europe, North America and Asia, from hedge funds collectively representing a total AUM of USD7.3 billion spanning a range of strategies – indicates the growing clamour for greater transparency from investors will place increase burdens on hedge funds’ ops teams.

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Tessian Raises $65M to Accelerate its Mission of Preventing Human Risk in Global Enterprises

2021-05-26

Help Net Security: Human Layer Security company Tessian announces that it has raised $65 million in Series C venture capital funding to accelerate its mission of quantifying and preventing human risk in global enterprises, and empowering people to do their best work without security getting in the way.

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Drawbridge Appoints New Chief Information Security Officer

2021-05-18

Hedge Week: Eyre will drive Drawbridge’s corporate cybersecurity strategy and oversee infrastructure, security and privacy initiatives as the company continues its rapid global growth. Eyre also serves as Managing Director and Head of Europe for Drawbridge. 

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FCA Sends Thousands of Staff on Cyber and Financial Crime Training Courses

2021-05-18

Institutional Asset Manager: The Financial Conduct Authority (FCA) has sent 4,430 of its employees on compulsory cyber and information security courses over the past two financial years – (FY 19-20 and FY 20-21) – to help combat the growing threat of financial crime, such as money laundering and fraud, according to official figures.

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UK Govt Seeks Advice on Defending Against Supply-chain Cyberattacks

2021-05-17

Bleeping Computer: The UK government has announced a call for advice on defending against software supply-chain attacks and ways to strengthen IT Managed Service Providers (MSPs) across the country.

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Insurer AXA Halts Ransomware Crime Reimbursement in France

2021-05-06

ABC News: In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.

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FCA Data Breach Reports Down 30 Percent Despite UK Cyber Incidents Increasing by 56 Percent

2021-05-05

Institutional Asset Manager: Freedom of Information data obtained by Kroll from the FCA shows that the number of reportable cyber incidents where company or personal data was potentially compromised or breached dropped 30 per cent to 76 in 2020, compared to 108 during the same time period in 2019. 

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CVC Capital Partners Backs Acronis

2021-05-05

Mergers & Acquisitions: CVC Capital Partners VII and other investors have provided $250 million in funding to Acronis, a cyber protection provider. Acronis will use the funds to accelerate growth by expanding its portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to expanding Acronis’ partner network, notably managed service providers.

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Belgian Government, Parliament, Colleges Hit by Cyberattack

2021-05-04

Yahoo Finance: The company providing internet services for Belgium’s parliament, government agencies, universities and scientific institutions said Tuesday that its network was under cyberattack, with connections to several customers disrupted.

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