The U.S. government today interceded in the ongoing crisis caused by the collapse of Silicon Valley Bank on Friday by guaranteeing depositor funds and making them available to customers starting Monday. The bailout isn’t officially a bailout, even if it clearly is in part, given the government’s intervention. Treasury Secretary Janet Yellen claimed on Sunday ...

Personally identifiable information belonging to members of Congress and others has been published online following a data breach at DC Health Link, the District of Columbia’s health insurance exchange. The breach first came to light on Wednesday when DC Health Link informed members of the House and Senate that hackers had gained access to their ...

New York Attorney General Letitia James today filed a lawsuit against cryptocurrency exchange KuCoin, claiming that the company failed to register as a security and commodities broker-dealer and is falsely representing itself as an exchange. KuCoin, which is by all accounts a cryptocurrency exchange, is alleged to be allowing users in New York to buy ...

Domain name service threat protection and content filtering company DNSFilter Inc. and security service edge startup Banyan Security today announced a new partnership and creation of a new joint solution to simplify how modern enterprises achieve zero-trust security. The joint solution combines DNSFilter’s advanced threat detection and content filtering technology with Banyan Security’s remote access platform. DNSFilter provides ...

Cloud forensics and incident response platform startup Cado Security Ltd. today announced that it has raised $20 million in new funding for further global expansion and product development. Founded in 2020, Cado Security pitches itself as offering forensic-level details without forensic-level effort when dealing with incident response in the cloud. The company’s platform leverages the ...

Uber Technologies Inc. is reportedly considering spinning off its Uber Freight business in a sale or as a publicly traded firm. Bloomberg, referencing people familiar with the matter today, said the spin-off is being considered as Uber is looking to streamline its focus on ride-hailing and food delivery. A decision to spin off Uber Freight ...

Troubled cryptocurrency financial services provider Silvergate Bank will shut down and its assets will be liquidated following months of ongoing drama in the market following the collapse of crypto exchange FTX Trading Ltd. in November. Parent company Silvergate Capital Corp. made the announcement today, saying that it intends to wind down operations and voluntarily liquidate the bank in ...

Shares in Asana Inc. surged nearly 30% in late trading after the work management software company surprised investors with earnings and revenues beats and a mostly better-than-expected outlook. For its fourth quarter that ended Jan. 31, Asana reported a loss before costs such as stock compensation of $33.2 million, or 15 cents per share, down from a ...

Google LLC today announced new security features for all Google One plans, including extending its virtual private network service to all subscribers. Google One offers users additional storage to use across Google Drive, Gmail and Google Photos. At its base level, it offers 100 gigabytes of storage comparedwith the standard 15 gigabytes offered for free with ...

Cybersecurity and password service provider 1Password LLC today announced the availability of Unlock with Single Sign-On, a new service that allows enterprise customers to unlock their 1Password accounts using third-party identity services. Unlock with SSO is designed to help information technology teams improve their security posture while reducing daily login hassles and stress for employees. Using the service, vaults ...