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Industry News: ESG5

U.S. Senate to Probe Whether Legislation Needed to Combat Cyber Attacks

2021-06-10

O Canada: U.S. Senate Majority Leader Chuck Schumer said he is initiating a review of recent high-profile cyber attacks on governments and businesses to find out whether a legislative response is needed.

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JBS Says it Paid $11 Million Ransom After Cyberattack

2021-06-09

CNN Business: The meat supplier JBS USA paid an $11 million ransom in response to a cyberattack that led to the shutdown of its entire US beef processing operation last week, the company said in a statement.

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ExtraHop to be Acquired by Bain Capital Private Equity and Crosspoint Capital Partners

2021-06-08

Businesswire: ExtraHop, the leader in cloud-native network detection and response, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”) and Crosspoint Capital Partners (“Crosspoint Capital”) in a strategic transaction valued at $900 million. 

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At J&J, Some 15.5 Billion Potential Cyberattacks Each Day

2021-06-08

Morning Star: Covid-19 vaccines have transformed the global economy. The companies that produce them, meanwhile, already a big target for hackers, have to be more on their toes than ever.

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Deal Activity in Cybersecurity Space Witnessed Fluctuating Fortunes During 2016-2020

2021-06-08

Global Data: Venture capital (VC) funding and mergers and acquisitions (M&A) activity in the cybersecurity space fluctuated during 2016-2020, according to GlobalData, a leading and data analytics company.

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Give the Ransomware Threat the Same Priority as Terrorism, says US Official Guidance

2021-06-04

Computing: Ransomware gangs should be tracked and disrupted using the same strategies deployed against terrorist groups, US Department of Justice officials have suggested.

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Business Leaders Must Take Urgent Action to Counter Ransomware Threat, White House Warns in Memo

2021-06-03

CNBC: The Biden administration is urging corporate executives and business leaders to take immediate steps to prepare for ransomware attacks, warning in a new memo that cybercriminals are shifting from stealing data to disrupting core operations.

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FireEye is Selling its Products Business and Name for $1.2 Billion

2021-06-02

CNBC: The U.S. cybersecurity firm said the sale will split Mandiant Solutions, its cyber forensics unit, from its cloud security, network and email products.

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Reserve Bank Moves to Address Cyber Vulnerability After KPMG Report

2021-05-31

RNZ: A report by consultancy KPMG has uncovered shortcomings in the Reserve Bank's data protection practices, which resulted in it becoming a victim of a cyber-attack on the third-party file-sharing application it used to share and store information.

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US Pipelines Ordered to Increase Cyber Defenses After Hack

2021-05-27

Yahoo Finance: U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack that disrupted gas supplies in several states this month.

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