Cloud-based network management software firm Auvik Networks Inc. has raised $250 million in new funding to accelerate product development and global reach. The funding, announced today, came exclusively from Great Hill Partners, which have now taken a majority stake in the company. Founded in 2011 and based in Ontario, Canada, Auvik offers cloud-based network management ...

The U.S. government today announced several new measures to combat ransomware, including rewards of up to $10 million for information leading to the identification of those behind the cybersecurity attacks. The rewards program is being administered by the U.S. Department of State’s Diplomatic Security Service through the Rewards for Justice program and involves various other ...

A new report from Palo Alto Networks Inc.’s Unit 42 released today details a prolific ransomware gang that has mostly gone under the radar amid attacks from better-known groups such as REvil, DarkSide and Ragnar Locker. Called Mespinoza, the ransomware gang uses what the Palo Alto researchers describe as “whimsical terms” to name its hacking tools. The ...

Attacks on operational technology and the “internet of things” are rising, but a new report has put numbers on the attacks and the figures are even more disturbing than expected. As detailed in a report from Nozomi Networks SA, the number of attacks on OT and IoT has rapidly increased, with ransomware leading the pack. ...

Investment application startup M1 Finance LLC said today it has raised $150 million in a late-stage funding round to develop new products and features and enhance customer service. SoftBank Vision Fund 2 led the Series E round. Other investors included Coatue Management, Left Lane Capital, Jump Capital and Clocktower Technology Ventures. The funding was raised on ...

Cybersecurity startup Virsec Systems Inc. disclosed today that it has raised $100 million in new funding to hire more people, meet product demand and build out its customer support model. BlueIO led the Series C round. Other investors included Allen & Co., Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, Marker Hill ...

Cybersecurity software and services firm NortonLifeLock Inc. is in talks to acquire security software maker Avast plc in a deal that could value Avast at more than $8 billion. According to The Wall Street Journal today, the two companies are in advanced discussions and a deal could be completed this month, assuming talks don’t fall ...

Venture capital activity in the U.S. rose in the first half of 2021 and is on pace for another record-setting year, according to the latest PitchBook-NVCA Venture Monitor report released today. PitchBook-NVCA found that in the first half, various forms of VC financing hit record highs — not only half-year highs but annual highs — halfway ...

Infamous botnet Trickbot, supposedly taken down by Microsoft Corp. in October, has returned from the dead with a new campaign targeting virtual network computing services. That Trickbot is back comes as no great surprise. The group has risen from the dead before, most notably in in 2019 when the campaign was called season four of Trickbot ...

Healthcare data platform startup Truveta Inc. revealed today that it has raised $95 million in new funding to hire more people and fund infrastructure and cloud computing resources to build out its platform. Truveta launched out of stealth mode earlier this year and is led by former longtime Microsoft Corp. executive Terry Myerson. Backed by leading healthcare ...