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Industry News: ESG5

      New Cross-Industry Group Launches Open Cybersecurity Framework

      2022-08-11

      Dark Reading: Amazon Web Services (AWS) and Splunk are leading an industry effort of 18 systems and security vendors to standardize how different monitoring systems share security alerts. The goal is to deliver a simplified and vendor-agnostic taxonomy to help security teams ingest and analyze security data faster.

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      Cisco Hit by Cyberattack From Hacker Linked to Lapsus$ Gang

      2022-08-10

      BNN Bloomberg: Cisco Systems Inc. said it was the victim of a cyberattack in which a hacker repeatedly attempted to gain access to the Silicon Valley firm’s corporate network. 

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      To Make US more Cyber-resilient, Government and Business Need Far Greater Collaboration

      2022-08-04

      The Hill: Cybercrime is now so ubiquitous that the question is not when an attack will occur on a business, individual, or government — It’s whetherthe victim is resilient enough to deal with the consequences.

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      Solana Wallets Targeted in Latest Multimillion-Dollar Hack

      2022-08-02

      Coin Desk: The Solana ecosystem appears to be the victim of crypto’s latest exploit, with users reporting their funds have been drained without their knowledge from major internet-connected “hot” wallets including Phantom, Slope and TrustWallet.

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      BlackRock-Backed Round Values Cyber Firm Acronis at $3.5 Billion

      2022-07-26

      BNN Bloomberg: Cybersecurity provider Acronis raised $250 million in new funding from institutional investors earlier this year to expand its business, including through acquisitions and hiring.

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      T-Mobile Agrees to Pay Customers $350 Million in Settlement Over Massive Data Breach

      2022-07-25

      CNN: T-Mobile has agreed to pay $350 million to settle multiple class-action suits stemming from a data breach disclosed last year affecting tens of millions of people.

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      Atlantic Street Capital Acquires Assets of CyberGuard Compliance

      2022-07-19

      Private Equity Wire: Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, has acquired assets from CyberGuard Compliance, a licensed CPA firm with exclusive specialisation in IT compliance and cybersecurity audit and assessment services, and Elite Consulting Solutions, a provider of IT compliance and cybersecurity consulting and remediation services, collectively known as “CyberGuard”.

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      FBI Issues Public Warning Over Fake Crypto Apps

      2022-07-19

      Coin Telegraph: The United States Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency applications, which have swindled U.S. investors out of an estimated $42.7 million so far. 

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      Biden Administration Pushes to Close the Growing Cybersecurity Workforce Gap

      2022-07-19

      CNN: The Biden administration is pushing to fill hundreds of thousands of cybersecurity jobs in the United States as part of a bid to close a talent shortage US officials describe as both a national security challenge and an economic opportunity.

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      Cyber Security and Ransomware in Financial Markets

      2022-07

      Bank of Canada: Financial markets face the constant threat of cyber attacks. We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients’ vulnerability to cyber attacks and about the fees charged. We characterize which cyber attacks actors choose.

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