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” - 2 Dave DeWalt - 2 Emily Heath - 1 Heath - 1 “ - 1 Myrna Soto - 1 Patrick T - 1 Soto - 1
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☆ Boards Still Lack Cybersecurity Expertise
  + stars: | 2023-09-25 | by ( James Rundle | ) www.wsj.com   time to read: +4 min
Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. This includes people who sit on the boards of cyber companies or have an affiliation with a cybersecurity-related professional organization. Heath, a former security chief at United Airlines and tech provider DocuSign, sits on the boards of cyber companies Wiz and Gen Digital. Board work demands wide business experience that many security chiefs lack, said Myrna Soto, founder and chief executive of consulting firm Apogee Executive Advisors. Solving this problem will take effort from boards and cybersecurity professionals, said NightDragon’s DeWalt.
Persons: ”, Dave DeWalt, Emily Heath, Heath, “, Myrna Soto, Patrick T, Soto, NightDragon’s DeWalt, James Rundle Organizations: Delta Air Lines, United Airlines, Gen Digital, Wall Street, U.S . Securities, Exchange, Apogee, Fallon, Bloomberg, Directors, Spirit Airlines, Popular, TriNet Locations: U.S, NightDragon, cybersecurity, Heath
☆ Biden administration announces new labels for gadgets that are less vulnerable to cyberattacks
  + stars: | 2023-07-18 | by ( Brian Fung Sean Lyngaas | Brian Fung | Sean Lyngaas | ) edition.cnn.com   time to read: +4 min
On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity labeling program aimed at helping consumers pick out trustworthy tech products that are rated as more secure than the competition. Products certified under the new program may come with a QR code that links to a national database affirming its participation, the administration added in a release. “This new labeling program would help provide Americans with greater assurances about the cybersecurity of the products they use and rely on in their everyday lives,” the administration said in a statement. “It would also be beneficial for businesses, as it would help differentiate trustworthy products in the marketplace.”The government proposal comes two years after President Joe Biden signed an executive order calling for an “‘energy star’ type of label” for tech products. “Market forces alone were never going to be sufficient to force manufacturers to step up and deliver more secure devices,” he said.
Persons: Biden, it’s, —, cybersecurity, ”, Joe Biden, Dave DeWalt, “ We’ve Organizations: CNN, National Institute of Standards, Technology, NIST, House, Products, Twitter, PayPal, Federal Communications Commission, FCC, Colonial Pipeline, Companies, Amazon, Cisco, Google, LG, Logitech, Samsung, Consumer Technology Association
☆ Cybersecurity Firms Cut Staff as Fears About Economy, Funding Mount
  + stars: | 2022-12-21 | by ( Belle Lin | James Rundle | ) www.wsj.com   time to read: +5 min
Cybersecurity companies have laid off hundreds of workers in recent months, as concerns mount that an economic downturn will delay funding rounds, and squeeze the amounts investors are willing to commit. But cybersecurity companies often run through cash at high rates, analysts say. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. In August, email security firm Malwarebytes Inc. laid off around 125 people, or roughly 14% of its global workforce, a spokesperson confirmed. SHARE YOUR THOUGHTS How would a layoff at one of your cybersecurity providers affect your security strategy?
☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
  + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +7 min
Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.
☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
  + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.
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