Duncan Riley
Latest from Duncan Riley
A new report released today by industrial cybersecurity firm Nozomi Networks Inc. details previously unknown vulnerabilities in a pneumatic torque wrench used in automotive product lines that could be used to cause production line stoppages and potentially large-scale financial losses to asset owners. The …
Pinpoint reports increase in cybersecurity deals despite funding dip in 2023
A new report today from cybersecurity recruitment firm Pinpoint Search Group has found a rise in the number of cybersecurity companies funded in 2023 but a less surprising fall in the amount of funding raised. The Pinpoint U.S. 2023 Cybersecurity Funding report found 437 …
Mortgage lender LoanDepot struck by suspected ransomware attack
U.S. mortgage lender LoanDepot Inc. is the latest company to be hit by a cyberattack that affected internal systems and caused disruption for customers. The attack reportedly occurred over the weekend, with the company officially disclosing the attack in an 8-K filing …
Chertoff Group affiliate MC² Security Fund acquires cybersecurity company Trustwave
The MC² Security Fund, an affiliate of investment firm The Chertoff Group LLC, has acquired cybersecurity company Trustwave Holdings Inc. for an undisclosed price. Founded in 1995 and owned by Singapore telecommunications giant Singtel Holdings Ltd. following a $810 million acquisition in 2015, Trustwave offers a …
Mimecast acquires human risk management solutions startup Elevate Security
Email security provider Mimecast Ltd. announced today that it has acquired human risk management solutions startup Elevate Security Inc. for an undisclosed price. Founded in 2017, Elevate Security offers a human risk platform designed to help enterprises proactively identify and safeguard their …
Google-owned cybersecurity firm Mandiant targeted in X account takeover
An X Corp. account belonging to Google LLC-owned cybersecurity firm Mandiant was hacked on Wednesday and used to promote a cryptocurrency scam. The scammer who took control of the account on X, still generally known as Twitter, spread a cryptocurrency scam while …
Automation platform startup Vigilant Ops raises $2M for platform expansion
Automation platform startup Vigilant Ops Inc. has raised $2 million in seed funding from DataTribe Capital LLC to expand the capabilities of its InSight platform across critical infrastructure industries. Founded in 2019, Vigilant Ops provides solutions for the generation, management and vulnerability …
LogRhythm announces new integration and case management tools for security teams
Security intelligence firm LogRhythm Inc. today announced a number a new innovations designed to prioritize speed and efficiency for agile and high-performing security teams. Dedicated to optimizing the efficiency of security operation center teams and analysts, the new innovations are focused on seamless integration and …
Startups suffer challenging year as funding plummets 38% in 2023
New reports released today by PitchBook-NVCA Venture Monitor and Crunchbase Inc. detail just how grim 2023 was for venture capital funding of startups, both in the U.S. and globally. The year saw global startup funding plummet to $285 billion, down 38% from 2022, according to …
Xerox Business Solutions targeted by INC Ransom ransomware gang
Xerox Holdings Corp. subsidiary Xerox Business Solutions has suffered from a data breach following a ransomware attack. The attack first came to light on Dec. 29 when the INC Ransom ransomware gang added Xerox Business Solutions to its dark web leaks site. …