Duncan Riley
Latest from Duncan Riley
DHS warns Russia could launch cyberattacks against US ahead of Ukraine invasion
The U.S. Department of Homeland Security has issued a warning that Russia may launch cyberattacks against the U.S. government and critical infrastructure operators ahead of a potential invasion of Ukraine. The warning came in a DHS intelligence bulletin issued to law enforcement partners Sunday. “We assess that Russia would consider initiating a cyber attack against ...
Bitcoin turns a corner after hitting lowest price since July
The price of bitcoin seemingly turned a corner in trading today after the cryptocurrency hit its lowest level since July. The downward slide of bitcoin and other cryptocurrencies dates back to November when bitcoin hit a record high and has continued into the new year. Bitcoin dropped below $50,000 on Dec. 4 before falling below ...
Crypto.com admits more than $34M was stolen from customer accounts
Fast-growing cryptocurrency exchange Crypto.com has admitted that over $34 million in cryptocurrency was stolen following unknown attackers successfully accessing user accounts. In a blog post today, Crypto.com said that the hack affected 483 users. Unauthorized withdrawals totaled 4,836.26 Ethereum, 443.93 bitcoin and about $66,200 in other cryptocurrencies. The attack started on Jan. 17 and involved unauthorized ...
Cloud coding startup Codesphere raises $5M for platform development
Cloud coding startup Codesphere Inc. has raised €4.5 million ($5.11 million) in new funding to hire more people, further develop its platform and open a second data center. LEA Partners led the seed round. Also participating in the round were 42CAP, NewForge, 468 Capital and angel investors from Shopify, Google Cloud and Digital Ocean. Including the new funding, ...
Stolen data published following ransomware attack against fashion brand Moncler
Italian luxury fashion brand Moncler SpA has been struck by a ransomware attack that has resulted in the publication of stolen data. The ransomware attack occurred in December, with the data stolen in the attack appearing this week on the dark web, a shady corner of the internet for illicit activity. A group by the ...
Biden memorandum sets new cybersecurity requirements for National Security Systems
U.S. President Joe Biden today signed a national security memorandum that sets new cybersecurity requirements for National Security Systems run by the Department of Defense and the country’s intelligence agencies. The order states that NSS requirements must meet or exceed the standard laid out for civilian federal agencies as detailed in an executive order signed ...
Orca acquires web application security firm RapidSec
Cloud cybersecurity startup Orca Security Ltd. today acquired Israeli web application security firm RapidSec Ltd. for an undisclosed price. Founded in 2020, RapidSec offers a software-as-a-service platform designed to provide rapid web security in a self-service manner. Pitched as helping customers quickly improve their web security posture, the service generates strong security headers and content-security policy, or ...
In a new Canadian startup record, 1Password raises $620M on $6.8B valuation
Password management software provider 1Password today said it has raised $620 million in new funding, the largest amount of funding ever raised by a Canadian company, to develop and scale up its security solutions. ICONIQ Growth led the Series C round. Accel, Tiger Global and Lightspeed Venture Partners also participated in the round. The round was raised ...
Israeli cloud-native data security startup Polar Security launches with $8.5M in funding
Israeli cloud-native data security startup Polar Security launched out of stealth mode today with $8.5 million in funding. Glilot Capital Partners led the round. Also participating were IBI Tech Fund and angel investors, including Cloud Security Alliance founder and Chief Executive Jim Reavis, former RSA Chief Technology Officer Tim Belcher, former Qualys Inc. President Ann Johnson ...
AI-powered support automation platform startup Capacity raises $27M
Artificial intelligence-powered support automation platform startup Capacity disclosed today that it has raised an additional $27 million in new funding to improve its support automation platform. The additional funding was an extension of a Series C round previously announced in October 2020 that Rice Park Capital Management led. The new investor is Capacity founder and Chief Executive ...