Shares in RingCentral Inc. dropped in late trading today after the cloud communications company missed on revenue and gave a lower-than-expected revenue outlook in its latest quarterly earnings report. For the fourth quarter that ended Dec. 31, RingCentral reported net income before costs such as stock compensation of $58.1 million, or 60 cents per share, ...

Identity platform provider Okta Inc. today released a report that reveals the security apps and tools companies are investing in to defend better against the rise in identity-based and multifactor authentication attacks. The Businesses at Work report uncovers how companies are strategizing their security investments to protect against ever-evolving threats. Key among the findings is that nearly one-third ...

Israeli cybersecurity startup Oligo Security today launched out of stealth mode and announced that it has raised $28 million for its runtime application security and observability solution. The funding was raised from investors including Lightspeed Venture Partners L.P, Ballistic Ventures LLC, TLV Partners Management Ltd. and a several well-known cybersecurity professionals. Other investors include Eyal Waldman, founder and chief ...

Cybersecurity services company Group-IB Global Pvt. Ltd. has published details on previously unreported phishing operations carried out by the nation-state cyber threat actor SideWinder between June and November 2021. SideWinder, also known as Rattlesnake, Hardcore Nationalist (HN2) and T-APT4, is a state-sponsored hacking group believed to be affiliated with the Indian government. The group has been involved in ...

A new report from WithSecure Inc. details a growing network of cryptocurrency scams using thousands of YouTube videos to suck in potential victims. The thousands of videos often appear legitimate, with some receiving inauthentic engagement from hundreds of other YouTube channels within the scam network. The network is said to be managed by a small ...

Russian government-linked hacking group Killnet has claimed responsibility for distributed denial-of-service attacks that disrupted North Atlantic Treaty Organization earthquake relief operations in Turkey and Syria. An earthquake with a magnitude of 7.8 struck the region on Feb. 6, causing widespread damage and death. The death toll from the earthquake is currently estimated to be at ...

Content delivery network provider Cloudflare Inc. revealed today that it has managed to detect and mitigate dozens of “hyper-volumetric” distributed denial-of-service attacks over the weekend of Feb. 11-12, including the largest reported HTTP DDoS attack on record. The majority of the DDoS attacks peaked at about 50 million to 70 million requests per second, with the ...

Shares in Palantir Technologies Inc. surged in late trading after the big-data analytics company beat analyst expectations and reported its first-ever profitable quarter. For the fourth quarter that ended Dec. 31, Palantir reported adjusted earnings per share of four cents, up from two cents in the same quarter of last year, on revenue of $509 ...

Meta Platforms Inc. is reportedly planning more layoffs in March as part of an efficiency drive after having laid off around 11,000 employees in November. The Financial Times, referencing employees familiar with the situation, Saturday reported that Meta has delayed finalizing multiple teams’ budgets ahead of the planned cuts. The delays are claimed to have ...

The U.S. and the U.K. have sanctioned seven Russian nationals for their alleged involvement in running the infamous TrickBot botnet. TrickBot dates back to 2016 and has a network of more than 1 million machines. Initially used to target banking credentials with malware of the same name, TrickBot evolved several times over the years. In ...