A new report out today from Palo Alto Networks Inc.’s Unit 42 details a new ransomware-as-a-service group with a multi-extortion operation that’s actively recruiting new affiliates. Called “Repellent Scorpius,” the RaaS group first emerged in May and distributed Cicada3301 ransomware. Ransomware-as-a-service is a common model in the ransomware world where creators lease out it to affiliates, ...

Avis Car Rental LLC has disclosed that it has suffered a “data security incident” with customer information stolen. Disclosed in a Sept. 4 letter to customers filed with the California Attorney General, the incident took place on Aug. 5 and involved an authorized third party gaining access to one of the company’s business applications. Once ...

Shares in Rubrik Inc. fell more than 7% in late trading today despite the data security software provider reporting better-than-expected earnings and revenue in its fiscal 2025 second quarter and upping its outlook. For the quarter ended July 31, Rubrik reported an adjusted loss of 40 cents per share, down from a loss of $1.33 per share ...

Artificial intelligence infrastructure startup PIN AI announced today that it has raised $10 million in pre-seed funding for research and development, with plants to accelerate the launch of its open-source Personal Intelligence Network. Recently founded and a participant in the Fall 2024 a16z Crypto Startup Accelerator from the venture capital firm Andreessen Horowitz, PIN AI ...

Artificial intelligence company OpenAI has hit a new milestone, surpassing 1 million paying business users across its enterprise offerings, as the company continues to lead the rapidly growing generative AI market. According to Bloomberg, the figure includes the total number of people who have signed up to use ChatGPT Team and Enterprise services — both ...

Cybersecurity firm Absolute Software Corp. announced today that it has acquired Syxsense Inc., the developer of a unified security and endpoint management suite, for an undisclosed price. Founded in 2012, Syxsense specializes in providing automated solutions for endpoint and vulnerability management that help organizations improve their information technology security operations. The company’s platform offers real-time monitoring, ...

Laravel Holdings Inc., the company behind the open-source Laravel PHP web application framework, announced today that it has raised $57 million in new funding from Accel Partners LP to support open-source development and its new cloud platform aimed at simplifying application deployment. Founded in 2011, Laravel offers a PHP-based web application framework with elegant syntax and ...

Shares of Smartsheet Inc. rose in regular and late trading today after the company reported better-than-expected quarterly earnings results and a report emerged that a private equity consortium was in talks to acquire the management platform company. For its second quarter ended July 31, Smartsheet reported adjusted earnings per share of 44 cents, up from ...

Open-source enterprise software firm SUSE S.A. today announced new observability capabilities for its Rancher Prime solution for Kubernetes environments that enhance full-stack visibility and troubleshooting. The company’s current release, SUSE Rancher Prime 3.1, is an enterprise-grade platform for managing and deploying Kubernetes clusters across any environment, whether on-premises, in the cloud or at the edge. ...

Phishing protection company SlashNext Inc. today announced the launch of Project Phantom, a new virtual stealth mode browser that offers advanced URL analysis and threat detection to its customers. Project Phantom is being offered alongside SlashNext’s messaging security platform and is designed to see through obfuscation techniques commonly used by threat actors. The browser also delivers ...