Third-party risk management companies ProcessUnity Inc. and CyberGRX Inc. announced today they will merge to create a comprehensive software and data platform designed to enhance identifying, assessing, analyzing and reducing risk within clients’ ecosystems. The merged companies said they will offer the combined capabilities of a best-in-class TPRM workflow platform and the world’s largest global cyber risk ...

Crowdsourced cybersecurity startup Bugcrowd Inc. has today released a new report that found hackers are more skeptical than Silicon Valley investors when it comes to artificial intelligence. Bugcrowd’s annual Inside the Mind of a Hacker report found that more than half of respondents, 55%, said that AI could already outperform hackers or will be able to do ...

Researchers at cybersecurity firm Wiz Inc. today detailed a newly discovered Python-based fileless malware that’s targeting cloud workloads. Dubbed “PyLoose,” the attack is said to be the first publicly documented Python-based fileless attack targeting cloud workloads in the wild. A fileless attack does not rely on traditional executable files to carry out an attack but instead exploits tools ...

Cybersecurity firm Sophos Group plc today announced a new partnership with risk mitigation company Cysurance LLC to provide fixed-price cyber insurance to Sophos’ managed detection and response customers in the U.S. Cyber insurance isn’t new. Sophos, for example, already has a relationship with Cowbell Cyber Inc. to provide its customers with cyber insurance. However, the policies offered under ...

A new report today from cybersecurity recruit firm Pinpoint Search Group finds that venture capital funding of cybersecurity startups plummeted 55% in the second quarter of this year from a year ago. Pinpoint tracked 115 funding and merger and acquisition transactions in the cybersecurity sector in the second quarter, with the total coming in at $1.9 billion, ...

Payments processing provider Checkout.com Inc. today launched its first product focused on improving the customer onboarding and identity verification process. Checkout.com’s new Identity Verification service uses artificial intelligence trained on billions of identity and facial recognition documents. The solution leverages an in-depth list of identification documents from 195 countries, enabling the Identity Verification service to verify nearly every ...

Buyout firm TPG Capital today said it will acquire the government business of cybersecurity company Forcepoint LLC for $2.45 billion, a figure higher than what the entirety of Forcepoint was acquired for by Francisco Partners in 2021. TPG is buying a unit of Forcepoint known as “G2CI,” which caters to government and critical infrastructure customers. ...

Quantum computing company Eviden SAS, an Atos SE company, today announced a new partnership with French quantum computing startup Alice & Bob to integrate Alice & Bob’s cat qubit technology into Eviden’s quantum application development platform, Qaptiva. Named after the Schrödinger’s cat thought experiment, cat qubits are a type of superconducting qubits that are being developed to ...

Web 2.0-era personal productivity app maker Evernote Corp., acquired by Italian technology company Bending Spoons S.p.A. in November, has laid off most of its staff in the U.S. and Chile and has relocated the remaining staff to Italy. In a statement from Bending Spoons Chief Executive Officer Luca Ferrari reported July 7 by SFGate, most of Evernote’s ...

Decision intelligence startup Quantexa Ltd. today announced that it plans to invest more than $155 million in the global artificial intelligence industry in the next three years to help clients advance the use of AI to protect, optimize and grow their organizations. The seven-year-old company also previewed its generative AI technology, Q Assist, alongside its investment plans. ...