Backend development platform startup ChiselStrike Inc. said today it has raised $7 million in new funding to accelerate the development of its open-source serverless backend developer platform. Norwest Venture Partners led the seed round, with Blumberg Capital, Jamstack Innovation Fund, Essence VC, First Star Ventures and Mango Capital also participating. The new funding is the first significant round ...

A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before. IBM Security’s 2022 Cost of a Data Breach Report, based on analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022, found that the average cost of a data breach has ...

A new form of information-stealing malware based on the Rust programming language is rapidly spreading after the source code was recently shared on a popular cybercrime forum. Detailed Monday by researchers at Cyble Inc., the malware, dubbed “Luca Stealer,” was first shared on July 3. The malware developer is believed to have shared the source code ...

Cryptocurrency exchange Kraken is reportedly under investigation for allegedly allowing users in Iran and elsewhere to trade cryptocurrency in breach of U.S. sanctions. The New York Times, citing people familiar with the matter, today reported that the Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine. ...

Meta Platforms Inc. today announced the price of its Meta Quest 2 virtual reality headset, previously known as the Oculus Quest 2, is rising because of increasing manufacturing and shipping costs. The headset, launched in September 2020, debuted with 64 gigabytes of memory for $299, $100 cheaper than the original Oculus Quest headset. Meta, then ...

Shares in both Tenable Inc. and Commvault Systems Inc. dropped significantly today despite both reporting stronger-than-expected earnings results. For the quarter ended June 30, Tenable reported a profit before costs such as stock compensation of five cents a share, down from nine cents a share in the same quarter of last year. Revenue rose 26%, ...

Cybersecurity firm Fortinet Inc. today announced a new cloud-based product that it says correlates security findings across an organization’s cloud footprint to deliver friction-free cloud security operations. Called FortiCNP, the new service uses Fortinet’s Resource Risk Insights technology to produce context-rich actionable insights, according to the company. The insights assist teams in prioritizing remediation and mitigation of risks ...

“Artificial intelligence of things” startup Butlr Technologies Inc. today disclosed that it has raised $20 million in new funding to support customer growth and has signed an agreement with Carrier Global Corp. for the use of its technology. The Series A round was led by Tiger Global, Ray Stata and Primetime Partners. Carrier Group, E14, Unionlabs, Hyperplane and ...

NetApp Inc. today announced the general availability of Spot Security, a cloud cybersecurity service designed to deliver continuous assessment and analysis of cloud security posture. Announced back in October, Spot Security enables DevOps and SecOps teams to collaborate to identify misconfigurations, reduce their potential attack surface and ensure compliance. Using agentless technology, the service analyzes ...

CrowdStrike Holdings Inc. today introduced a new cloud threat-hunting product and expanded capabilities to secure containers. The new product, Falcon OverWatch Cloud Threat Hunting, is being pitched as the industry’s first standalone service for finding hidden and advanced threats originating, operating or persisting in cloud environments. The new service offers cloud-oriented indicators of attack for the ...