Share in Block Inc. surged after-hours today after the company, previously known as Square Inc., beat predictions for its fiscal fourth quarter. For the quarter ended Dec. 31, Block reported adjusted earnings before interest, taxes, depreciation and amortization of $184 million, or 27 cents per share, up 29% year-over-year, on revenue of $4.07 billion, up ...

Shares in Coinbase Global Inc. dropped in late trading today after the company warned that it expects active users and trading volume to fall in the first quarter. For the company’s fourth-quarter ended Dec. 31, Coinbase reported a profit before costs such as stock compensation of $3.32 a share on revenue of $2.29 billion, the ...

Cloud email security and brand protection startup Redsift Ltd. said today it has raised $54 million in new funding to accelerate its global expansion and double down on its platform innovation. Highland Europe led the Series B round with SANDS Capital, MMC Ventures and other strategic investors also participating. Including the new funding, Red Sift has raised $69.8 million ...

Government and private websites in Ukraine have been knocked offline in a massive distributed denial-of-service attack as Russian troops move into contested areas in the east of the country. Websites knocked offline included the Ukraine Ministries of Foreign Affairs, Defense and Internal Affairs, the Ukraine Security Service and the Cabinet on Ministers. Two banks, Privatbank ...

The U.K. and U.S. governments have identified a new form of malware developed by Russian hackers that targets network devices. Dubbed Cyclops Blink, the malware is linked to the Sandworm hacking group. Sandworm, also known as APT 28 and Fancy Bear, has been linked to various hacks over the previous six to seven years. Sandworm is ...

The ongoing march of cybersecurity market consolidation continued today as two startups were acquired by larger, publicly listed established firms. The first acquisition saw Cloudflare Inc. acquire cybersecurity firm Area 1 Security Inc. for $162 million, while Darktrace PLC acquired Cybersprint B.V. for €47.5 million ($53.7 million). Both were cash and equity deals. Area 1 was founded ...

Password management software provider 1Password today said it has signed a deal with cryptocurrency wallet provider Phantom Technologies Inc. to secure the passwords of wallet users. Under the deal, 1Password will integrate its “Save in 1Password” application programming interface with Phantom, allowing Phantom users to access their wallets easily. Instead of navigating cumbersome login procedures that require saving ...

Israeli access management startup Astrix Security Ltd. today launched out of stealth mode with an announcement that it has raised $15 million in funding. The seed round was led by Bessemer Venture Partners and F2 Capital, with Venrock and more than 20 leading cybersecurity angel investors also participating. Astrix was co-founded by Chief Executive Officer Alon Jackson ...

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 ...

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 ...