US, UK, Canadian executives skeptical about government ability to mitigate breaches, more than half concealed breaches

Cyberattacks have been rising this year, and a new Arctic Wolf survey of more than 1,400 IT leaders at enterprise organizations reveals just how much. Thirty-two percent of organizations experienced a breach that exceeded six figures; 61% of business owners admitted to concealing a breach; and 74% of executives believe their security teams lack capacity and expertise needed.

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IT’S THE LAW (10/05/2021)

October 5, 2021

Hong Kong’s new law against doxxing (allowing public release of information identifying an individual) has raised concern from diverse groups. Human rights advocates fear it can be used to crack down on dissent and tech companies worry it may hinder business operations. The Personal Data (Privacy) Ordinance amendment bill gives Hong Kong’s privacy commissioner very broad powers and extra-territorial scope, including the ability to force internet providers to cease operations and it comes with as high penalty as a HK$1 million fine and five years in jail.

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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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