Duncan Riley
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Manufacturing overtakes financial services as the most attacked industry
A new report from IBM Security released early Wednesday says manufacturing is feeling the brunt of cyberattacks as supply chain issues continue to grow. The finding was revealed in IBM Security’s annual X-Force Threat Intelligence Index that unveiled how ransomware and vulnerability exploitations together could “imprison” businesses in the previous year. Manufacturing emerged in 2021 as ...
Managed detection and response startup eSentire raises $325M on $1B valuation
Canadian managed detection and response startup eSentire Inc. today said it has raised $325 million in new funding to invest in research and development and hire more people. The secondary market and private equity raise came through binding agreements with Georgian and Caisse de dépot et placement du Québec. The funding was raised on a valuation of greater ...
Down day: Slack, GitHub, Walmart all suffer outages and issues
Updated to include comments from AWS Several large sites and services suffered issues and downtime today in what could be a range of possible coincidences or might share a common root cause. Salesforce.com Inc.’s Slack led the pack, with some reports suggesting it was offline for as long as five hours, but it was not ...
Palo Alto Networks shares rise on better-than-expected earnings report
Shares in Palo Alto Networks Inc. rose in after-hours trading after the network management and security firm beat estimates in its latest earnings report. For its fiscal second quarter ended Jan. 31, Palo Alto Networks reported a profit before costs such as stock compensation of $185 million, or $1.74 per share, up from $154.2 million, ...
IoT security startup Phosphorus raises $38M to fuel growth and development
“Internet of things” security startup Phosphorus Cybersecurity Inc. today announced that it has raised $38 million in new funding to fuel growth and technology development and enhance its user experience. SYN Ventures and MassMutual Ventures led the Series A round. Including the new funding, Phosphorus has raised $43 million to date, according to data from Crunchbase. Previous investors ...
Beyond Identity raises $100M for R&D on unicorn valuation of $1.1B
Passwordless multifactor authentication startup Beyond Identity Inc. today announced $100 million in new funding to expand research and development and to extend the company’s footprint and resources into the Asia Pacific region and Latin America. Evolution Equity Partners led the Series C round with New Enterprise Associates, Jim Clark, Potentum Partners, Expanding Capital and HBAM also participating. ...
Cryptocurrency platform startup Amber Group raises $200M on $3B valuation
Cryptocurrency platform startup Amber Global Ltd. today revealed that it has raised $200 million in new funding to expand its global footprint in developed and developing markets. Temasek Holding Ltd. led the Series B+ round with Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners and Coinbase Ventures also participating. The round was raised at ...
Kitchenware maker Meyer hacked by Conti ransomware gang
Kitchenware maker Meyer Corp. U.S. has disclosed that employee data was stolen in a ransomware attack that targeted the company in October. In a data breach notification filed with the Office of the Maine Attorney General, Meyer said the breach occurred on Oct. 25 but was not discovered until Dec. 1. The attack affected Meyer ...
Jambo raises $7.5M to build web3 ‘superapp’ of Africa
African web3 startup Jambo announced today that it has raised $7.5 million in new funding to build out its pioneering web3 “superapp” of Africa. Investors in the seed round included Delphi Ventures, Coinbase Ventures, 3 Arrows Capital, Alameda Research, AllianceDAO, Tiger Global, DeFiance Capital, Hashed, Polygon Studios, UOB, Signum Capital, BH Digital, Yield Guild Games and others. ...
New Android ‘Xenomorph’ banking malware targets European banks
A newly detailed form of Android banking malware has been found to be targeting 56 different European banks. Discovered by researchers at ThreatFabric and revealed today, the banking trojan has been dubbed “Xenomorph” because it has its roots in a previous form of Android malware called Alien. The Alien mobile malware was first detected in ...