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International cyber gang behind Irish ransomware attack - minister

By Reuters Staff 1 Min Read DUBLIN, May 14 (Reuters) - An international cyber crime gang was behind a significant ransomware attack on Ireland’s health service operator that crippled diagnostic services on Friday and led to the cancellation of appointments, the minister responsible for e-government said. “This is not espionage. It was an international attack, but this is just a cyber criminal gang looking for money,” Ossian Smyth told the national broadcaster RTE, saying he was unable to share all the information he had. “This is a human-driven attack using an exploit that was previously unknown. It is widespread and possibly the most significant cyber crime attack on the Irish state. It’s a high-impact attack but it appears to have low transmissibility.” (Reporting by Padraic Halpin; Editing by Kevin Liffey)

Toshiba to undergo strategic review, unit hit by cyberattack in Europe

3 Min Read TOKYO/PARIS (Reuters) -A unit of Toshiba Corp was hit by a ransomware attack, overshadowing an announcement of a strategic review for the conglomerate and an upbeat profit forecast. FILE PHOTO: The logo of Toshiba Corp. is seen at the company s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato Toshiba Tec Corp, which makes point-of-sale systems and copiers, said had been hacked by DarkSide, the group the U.S. FBI has blamed for the Colonial Pipeline attack, its French subsidiary said. It said only a minimal amount of work data had been lost. Reuters could not access DarkSide’s public-facing website on Friday. Security researchers said DarkSide’s multiple websites had stopped being accessible.

Darktrace eyes up to 1 9 billion pound valuation in London debut: source

British cyber-security firm Darktrace is looking for a valuation of between 1.6 billion and 1.9 billion pounds ($2.22-$2.6 billion) in its London stock exchange listing, a source familiar with the transaction told Reuters.

Thoma Bravo to take cybersecurity firm Proofpoint private for $10 billion

By Reuters Staff 2 Min Read (Reuters) -Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a time when remote working due to the pandemic has fueled a surge in demand for network security. Interest in cybersecurity firms has soared as more businesses turn to the cloud to run their operations and frequent cyberattacks. Cybersecurity industry funding reached an all-time high of $11.4 billion last year, a nearly 50% increase from 2018, according to CB Insights. The deal, expected to close in the third quarter, will fetch Proofpoint shareholders $176 per share held, indicating a premium of about 34% to the stock’s last close. The company’s shares rose 30% in late afternoon trading on Monday.

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