Cisco Systems Inc. today confirmed that its network was breached in a ransomware attack in May. The attack was undertaken by the Yanluowang ransomware gang, which then attempted to extort Cisco with the threat that if a ransom wasn’t paid, the stolen files would be released. “Cisco experienced a security incident on our corporate network in ...

A new report from PitchBook finds that the median pre-money valuation on early-stage startups is declining amid economic uncertainty and investor caution, with other venture capital sectors showing mixed results. PitchBook venture capital analysts found that there are signs of decline across the board, though the venture capital ecosystem has so far weathered the economic ...

U.K. authorities are investigating distributed denial-of-service attacks that have targeted cryptocurrency exchange Currency Com Global LLC, better known as Currency.com. The attacks started in April after the founder of Currency.com founder Viktor Prokopenya announced the company was pulling out of Russia in protest against the invasion of Ukraine, MSN reports. Prokopenya condemned the invasion as “Russian ...

A prominent Russian hacking group is claiming to have attacked and taken offline websites run by U.S. aerospace manufacturer Lockheed Martin Corp. Killnet, which was previously in the news in June after taking responsibility for a distributed denial-of-service attack targeting organizations in Lithuania, claims that it targeted Lockheed Martin in a similar DDoS attack, knocking ...

Cloud data protection startup Nightfall AI said today it has raised $40 million in new funding to extend its reach, expand its integration and partner ecosystem, and develop new products. WestBridge Capital led the Series B round. Bain Capital Ventures, Venrock, Pear VC and several individual investors, including actor Paul Rudd, also participated. Including the new round, ...

Researchers at S.C. Bitdefender SRL today detailed multiple severe security issues on the Device42 Inc. platform that opens the door to attackers. Device42 offers devices for discovery, asset management and dependency mapping for data centers and the cloud. The vulnerabilities were found in an audit of a Device42 appliance within two instances of the application — ...

Cybersecurity platform provider Cybereason Inc. today launched a new mobile app that allows customers to respond from their phone to potential cyber threats anywhere in the world. The Cybereason Managed Detection and Response Mobile App provides instant access to the Cybereason MDR Dashboard, allowing customers to address possible threats immediately and connect 24X7 with the Cybereason Global ...

CrowdStrike Holdings Inc. today introduced artificial intelligence-powered “Indicators of Attack,” a new innovation for fileless attack prevention at large scale that delivers enhanced visibility of stealthy cloud intrusions. The new service is available on the CrowdStrike Falcon platform and powered by the its Security Cloud. The new detection and response capabilities are said to stop emerging ...

U.S. President Joe Biden today signed the CHIPS and Science Act into law, a bipartisan bill aimed at promoting chipmaking and scientific research. The act, which Congress passed in August, includes more than $52.7 billion for U.S. companies that produce computer chips and billions in tax credits to encourage investment in chip manufacturing. The bill also provides $200 ...

Shares in Coinbase Global Inc. dropped in late trading after the cryptocurrency exchange once again missed earnings estimates. For its second quarter ended June 30, Coinbase reported a loss of $4.98 per share, up from $3.45 in the same quarter last year. Revenue plunged 64%, to $808.3 million. Analysts had been expecting a loss of $2.65 ...