Confronting In-House Cybersecurity Risks Experts

The Wall Street Journal
Matthias Rieker

Main Street Financial received a subpoena last year–not from a regulator alleging a violation, but from a law firm accusing the firm of illegally downloading a movie.

Turns out one of Main Street’s employees had downloaded file-sharing software to watch a movie on his company laptop. David Lyon, the Chicago firm’s chief executive, quickly settled the pirating charges for $5,000.

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Canadian tech startups able to secure big buckets of venture funding without moving south

Globe and Mail
Shane Dingman

Who needs Silicon Valley? Increasingly, not Canadian tech startups able to secure big buckets of venture funding without moving south.

In the last 18 months a series of large venture capital investments have signalled an important shift in the Canadian technology startup scene. To hear industry insiders explain it, this is not a story about out-of-control valuations, but rather a case of a new class of maturing businesses reaching the stage where their market opportunity is now being matched by large investments.

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Cambridge security firm hires as it halts hackers’ hay day

The Record
Ray Martin

With computer hacking becoming an every day occurrence in the business world, a small Cambridge electronic security company is finding no lack of business opportunities.

“Hacks are doubling year-over year. At this point, the bad guys are winning,” admit J. Paul Haynes, chief executive officer of eSentire, during a visit by MP Gary Goodyear, who serves as minister of state responsible for FedDev Ontario, this past Thursday, (Jan. 15).

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Scammers Target Brokerage Accounts

The Wall Street Journal
Michael Wursthorn

The Morgan Stanley Data Breach Is a Reminder of the Big Dollars at Risk.

When a client emailed Steven Dudash to say he and his family had been robbed in London, the Chicago-based financial adviser’s first reaction was concern.

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Morgan Stanley Fires Employee Over Client-Data Leak

The Wall Street Journal
Justin Baer

Morgan Stanley fired one of its financial advisers after it accused him of stealing account data on about 350,000 clients and posting some of that information for sale online, in potentially the largest data theft at a wealth-management firm.

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FIN4 attacks show need for executive security training

Rodika Tollefson

Though the hacks of Home Depot and Sony Pictures grabbed headlines for weeks on end this past year, very little has been publicly disclosed about how the hackers actually broke in.

By contrast, the methodologies used by the gang responsible for the so-called FIN4 attacks have been broken down in remarkable detail. This instructive intelligence was initially disclosed in early December in a report issued by Silicon Valley security intelligence vendor, FireEye, and featured in a New York Times story.

The FIN4 attackers cleverly maneuvered through the email accounts of targeted executives seeking insider information that would give them an edge in trading stocks in the healthcare, pharmaceutical and other industries.

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Companies Face Cyberthreats from the Inside

Institutional Investor
Kaitlin Ugolik

The recent computer attacks on Wall Street firms and Sony Pictures highlight the potential danger from employees and other parties with inside knowledge.

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Eze Castle Integration Enhances Cybersecurity Powered by eSentire

Eze Castle Integration, Inc., a leading provider of strategic IT solutions and private cloud services to the investment industry, today launched its Eze Active Threat Protection Service, powered by eSentire, Inc., a provider of managed cybersecurity solutions. Eze Active Threat Protection (ATP) offers Eze Castle customers an end-to-end service that allows hedge funds of any size to implement advanced cybersecurity protection and policies.

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Why the human cloud can do your work better than you can

The Globe and Mail
Ivor Tossell

Nav Dhunay wants to run your oil well.

Now, before you protest that you don’t have an oil well, hear him out, because one of these days you might end up with an oil well or 10, and he’s got an idea for you. Dhunay’s company, PumpWell, has taken “software as a service”—a concept that’s so common in the IT world, it’s almost mundane—and yanked it into the very analog world of Alberta’s oil fields. Dhunay is offering oil-wells-as-a-service.

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