Identity access and management startup Abbey Labs Inc. announced today that it has raised $5.25 million in new funding to accelerate its go-to-market opportunities, hiring and developer awareness. Point72 Ventures LP led the seed round, with Haystack Partners LLC, Essence Ventures LLC and several individual investors also participating. Founded in 2022 by Arvil Nagpal and Jeff Chao, former ...

Researchers at cloud forensics and incident response platform startup Cado Security Ltd. today detailed a recently discovered malware campaign aimed at Redis data store deployments. Redis is an open-source in-memory data structure store used as a database, cache and message broker that supports various data structures such as strings, hashes, lists and sets. The malware, dubbed “P2Pinfect,” ...

Government services provider Maximus Inc. is the latest victim of the Clop ransomware gang’s targeting of a critical vulnerability in Progress Software Corp.’s MOVEit file transfer software, as data belonging to as many as 11 million people was stolen. Maximus, which provides services for Medicaid, Medicare, health care reform, welfare-to-work and student loan servicing, disclosed it had ...

The Rust Foundation, which supports the development of the popular open-source Rust programming language, today released a new report detailing the recent accomplishments of its Security Initiative – an effort to advance security within the Rust ecosystem. The Rust programming language has seen extensive adoption and increasing popularity in recent years as it offers advantages for ...

Palo Alto Networks Inc. today introduced a new continuous integration and continuous delivery security module to provide integrated software delivery pipeline security as part of the code-to-cloud capabilities in its Prisma Cloud cloud-native application protection platform. CI/CD Security by Prisma Cloud offers graph-based CI/CD security that has been designed to provide better visibility in engineering ecosystems. ...

Shares in Seagate Technology Holdings plc fell slightly in late trading today after the data storage company reported mixed results in its latest earnings report. For its fiscal fourth quarter that ended June 30, Seagate reported a loss before costs such as stock compensation of 18 cents, down from a profit of $1.59 per share ...

Shares in Check Point Software Technologies Ltd. rose slightly in regular trading today after the cybersecurity company beat expectations on earnings in its latest quarter. For its second quarter that ended June 30, Check Point reported earnings per share of $2 before costs such as stock compensation. That was up 22% from $1.64 in the same quarter ...

Artificial intelligence and machine learning systems cybersecurity startup Protect AI Inc. today announced it has raised $35 million in new funding to scale up sales and marketing, go-to-market activities, research and development and customer success initiatives. The company was founded in 2022 by former Amazon Web Services Inc. and Oracle Corp. employees, including Chief Executive Officer Ian Swanson, who ...

Real-time fraud and risk management platform startup Effectiv today announced that it has raised $4.5 million in additional seed funding to help organizations fight financial fraud. Two-year-old Effectiv, the trade name of Abra Innovations Inc., offers a fraud and risk management platform with artificial intelligence solutions for financial institutions and fintech companies. The platform uses AI-driven ...

Shares in Tenable Holdings Inc. rose more than 7% in late trading after the cybersecurity exposure management firm reported strong beats in earnings and revenue in its latest quarter. For its second quarter that ended June 30, Tenable reported earnings per share of 22 cents before costs such as stock compensation, up from five cents per ...