Tagged: cyber

June 20, 2025 @ 8:38 am By Omar Faridi  |  

A Kaspersky study found that 7% of industrial organizations tackle vulnerabilities only when necessary. This leaves them exposed to unplanned downtime, production losses and the reputational and financial damages “that can result from possible cyber breaches.” This alarming trend was highlighted in a survey conducted… Read More

June 6, 2025 @ 1:02 pm By Omar Faridi  |  

ThetaRay, a global firm focused on Cognitive AI financial crime compliance, and Spayce, a cross-border payments platform, announced a partnership to combat evolving financial threats and enhance global payment security. The announcement comes at a time “when the financial crime landscape is undergoing a transformation.”… Read More

May 29, 2025 @ 9:13 am By JD Alois  |  

Coinbase (NASDAQ:COIN) recently revealed that it had been the target of a hack that was enabled by certain insiders. The event embarrased the crypto exchange as it has long sought to lead the sector in security and safety. Today, Irdeto, a Dutch cybersecurity firm, says it has… Read More

May 23, 2025 @ 10:14 am By Michael Wong  |  

StackHawk, a shift-left API security platform, has raised $12 million in additional funding from Sapphire and Costanoa Ventures to accelerate its efforts in securing software built with AI-assisted development tools. The latest investment brings the company’s total funding to $47.3 million. The funding will be… Read More

May 20, 2025 @ 11:30 am By Nikolay Mironenko  |  

Fraud has escalated into a major threat within the fintech sector. In 2024, global financial crime losses—including scams, cyberattacks, and identity fraud—are estimated to have reached $485.6 billion, according to Nasdaq’s Global Financial Crime Report. This surge is largely fueled by the rise of AI-driven… Read More

April 28, 2025 @ 12:01 pm By JD Alois  |  

Adyen (ADYEN:AMS), a multi-faceted payments provider, was hit by a Distributed Denial of Service (DDoS) attack last week. In a blog post, Adyen said the attacker was targeting their European data centers, with certain services experiencing degraded service or outages. The attack was marked as “resolved”… Read More

April 8, 2025 @ 12:06 pm By JD Alois  |  

Cybersecurity for crypto firm Octane has announced a $6.75 million seed round as it emerges from stealth mode. Winklevoss Capital and Archetype led the funding round. Other investors include Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, and strategic angels Balaji Srinivasan, Sina Habibian,… Read More

December 18, 2024 @ 8:43 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

October 28, 2024 @ 2:20 pm By Omar Faridi  |  

Infosec VC (venture capital) funding in North America and Europe is in the midst of a “rebound,” according to a report from PitchBook which noted that that the ecosystem is driven primarily by late-stage rounds. PitchBook pointed out that they have tracked $8.8 billion in… Read More

October 27, 2024 @ 8:14 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) uncovered a sophisticated malicious campaign by the Lazarus Advanced Persistent Threat (APT) group, targeting cryptocurrency investors worldwide. The attackers allegedly used a “fake” cryptogame website that exploited a zero-day vulnerability in Google Chrome to “install spyware and steal… Read More

October 1, 2024 @ 10:43 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning individuals and entities affiliated with Evil Corp, a cybercriminal operation based in Russia. OFAC is taking the action in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and… Read More

May 13, 2024 @ 7:44 am By Omar Faridi  |  

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

May 7, 2024 @ 12:18 pm By JD Alois  |  

Wiz is reporting a $1 billion funding round that delivers a $12 billion valuation for the firm. In total, Wiz reports that it has raised $1.9 billion in funding. According to the company, the funding was led by big-name investors, including Andreessen Horowitz, Lightspeed Venture… Read More

May 2, 2024 @ 10:18 am By JD Alois  |  

Artificial Intelligence (AI) firm Apex is reporting a $7 million Seed round led by big-name investors. According to Apex, which has just emerged from stealth, Sequoia Capital and Index Ventures led the funding. Other prominent investors included Sam Altman, CEO of OpenAI. Apexi is a security… Read More

February 20, 2024 @ 7:51 am By JD Alois  |  

Clarity, a firm that aims to “immunize” businesses from Deepfakes and AI-generated “synthetic media,” has raised $16 million in Seed funding in a round led by Walden Catalyst and Bessemer Venture Partners. In a blog post, the company said they are addressing one of the… Read More

November 1, 2023 @ 11:46 am By JD Alois  |  

Earlier this week, the Securities and Exchange Commission (SEC) filed an enforcement action against SolarWinds (NYSE:SWI) for fraud and failures in regard to “allegedly known cybersecurity risks and vulnerabilities.” CI has received a statement from a SolarWinds spokesperson refuting the SEC’s allegations. The SolarWinds representative… Read More

September 30, 2023 @ 3:47 pm By Michael Wong  |  

Cyberstarts, an Israel-based venture capital firm that focuses on early-stage cybersecurity startups, has announced raising $480 million to make follow-on investments. In a statement, the firm said the Opportunity Fund will take advantage of follow-on opportunities from its portfolio companies that are raising Series A… Read More

November 8, 2021 @ 4:15 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has revealed a security breach in its platform that apparently took place on November 3, 2021. An attempt at extortion took place following the theft of the information. According to a blog post, an “unauthorized third party obtained access to a limited amount… Read More

November 9, 2020 @ 2:12 pm By Samantha Hurst  |  

Axio, a cyber risk management Software-as-a-Service company, announced on Monday it has formed a strategic partnership with NFP, an insurance broker and consultant. Axio reported through the partnership NFP will delay Axio’s new platform, Axio360 QuickQuant, to expand its cybersecurity capabilities within its P&C division with… Read More

February 3, 2017 @ 11:58 pm By Jessica Pham  |  

In a follow-up to Australia’s National Fintech Cyber Security Summit in May 2016, Data61 published a new report called “Startup Secrets: How Australia Can Create New Businesses with Fintech and Cyber Security Industry Collaboration”.  The report highlights how the government and private sector can invest… Read More