A new report today from cybersecurity recruitment firm Pinpoint Search Group has found that cybersecurity funding surged in the second quarter after the industry underwent considerable changes over the last year. Pinpoint’s research team recorded 120 transactions in the cybersecurity market in the second quarter, totaling $3.3 billion across 98 funding rounds and 22 mergers and acquisitions. ...

People who reuse passwords across multiple sites are at the top of the list of those who should be seriously concerned following the sharing on July 4 of nearly 10 billion unique plaintext passwords on the infamous hacking site BreachForums. The passwords, described as being the “largest password compilation ever,” were first reported July 4 by ...

The price of bitcoin recovered slightly today after the cryptocurrency experienced one of its biggest recent falls on Friday. The price move came after the trustee for failed bitcoin exchange Mt. Gox started making repayments to the exchange’s creditors. On July 5, the rehabilitation trustee for Mt. Gox announced that it had made repayments in bitcoin ...

A report released July 1 by cybersecurity startup Halcyon Tech Inc. is warning of a new ransomware group that frequently makes phone calls to pressure victims into paying up. Dubbed “Volcano Demon,” the ransomware group has reportedly been active over the last two weeks of June and has already launched several attacks. Volcano Demon has been observed using ...

Microsoft Corp. has apparently launched a new round of layoffs a month after it was reported that the company was preparing to lay off hundreds of employees from its Azure cloud business. Geekwire reported Wednesday that the Microsoft layoffs have affected multiple teams and geographies. Posts on LinkedIn from affected employees show that the layoffs have ...

California-based Patelco Credit Union, one of the largest credit unions in the U.S., has suffered from a ransomware attack that has prevented some customers from accessing their funds. According to a status update on Tuesday, Patelco, the ransomware attack took place on June 29 and resulted in the credit union proactively shutting down its day-to-day banking ...

Enterprise software provider OpenText Corp. announced today in a Securities and Exchange Commission filing that it plans to cut 1,200 jobs as part of a business optimization plan aimed at saving the company $200 million per year. The jobs cuts are part of what OpenText Chief Executive Officer Mark Barrenechea is calling “OpenText 3.0,” a three-year strategic ...

Cloud communications provider Twilio Inc. is asking Authy users to update their apps today after threat actors were able to identify data associated with Authy accounts through an unauthenticated endpoint. The request comes a week after well-known threat actor ShinyHunters claimed to have compromised Authy and posted a CSV file on BreachForums that allegedly contained ...

A new first-look report out early Tuesday from PitchBook-NVCA Venture Monitor reveals a challenging landscape for global venture capital dealmaking amid macroeconomic uncertainties. In the second quarter of 2024, there was a slight uptick in global deal value driven by a few large transactions, but overall deal activity remained sluggish. A high number of VC-backed companies ...

Artificial intelligence video generation startup Runway AI Inc. is reportedly in talks to raise $450 million in new funding on a $4 billion valuation at a time when AI startups remain a bright spot in a still somewhat muted venture capital market. The report comes from The Information, which references a person involved in the ...