There’s always a lot of talk in cybersecurity about the importance of training employees to be aware of phishing attempts. Training does work but it’s not a panacea, the reality being is that there will always be employees who get tricked even with training. Although there are various industry estimates, code repository management firm GitLab Inc. ...

Cloud information archiving firm Smarsh Inc. revealed today that it has acquired cybersecurity compliance and risk analytics firm Entreda Inc. for an undisclosed price. Founded in 2010, Entreda offers a comprehensive suite of cybersecurity software, systems and training to the wealth management industry. The company’s cyber risk platform Unity is designed to assist regulated industries monitor ...

User behavior tracking firm Amplitude Inc. announced today it has raised $50 million in new funding to accelerate machine learning innovation for analytics and expand its investments in enterprise data trust. The Series E round was led by Singapore sovereign wealth fund GIC and included Sorenson Capital, Sequoia Capital, Benchmark, Battery Ventures, IVP and Lead Edge ...

Troubled augmented reality company Magic Leap Inc. has raised $350 million in new funding, according to an internal memo to employees obtained by The Information. Details on the round, which depending on its form should be a late-stage Series F, are somewhat vague. The investors are described only as current and new investors with the suggestion that a ...

Meal kit delivery service Home Chef is the latest company to suffer a data breach, with the details of some 8 million customers stolen. The hack was not detected by the company but only came to light after stolen customer records from the company were offered for sale on the dark web, a shady part ...

Autonomous aviation technology startup Xwing announced today it has raised $10 million in new funding to allow it to hire more people and scale up the development of its autonomous flight software stack. The Series A round was led by R7 Partners and included Thales, Alven and Eniac Ventures. Founded in 2016, Xwing is developing a suite ...

Cybersecurity and cyberinsurance startup Coalition Inc. today said it has raised $90 million in new funding to help it further develop its product offering and support international expansion. The Series C round was led by Valor Equity Partners and included Felicis Ventures, Greyhound Capital, Vy Capital, Ribbit Capital, Hillhouse Capital and Greenoaks Capital. The round was ...

The chance of financial gain is driving cyberattacks more than ever, motivating 86% of data breaches now compared with 71% last year. That’s according to Verizon Communication Inc.’s annual data breach report released today, covering a range of findings covering the cybersecurity and cybercrime landscape. The Verizon Business 2020 Data Breach Investigation Report analyzed data based ...

Israeli cybersecurity training firm Cyberbit Ltd. now counts Charlesbank Technology Opportunities Fund as an investor through a $70 million deal announced today. Charlesbank invested $22 million into the company and also acquired $48 million in existing shares from parent company Elbit Systems Ltd. Cyberbit plans to use the funding to accelerate the development of its “cyber ...

U.K. low-cost airline EasyJet plc has been hacked and the details of some 9 million customers were stolen. The details came from the airline, which disclosed the hack following discussions with the U.K. Information Commissioner’s Office. In its notice of a cybersecurity incident issued today, easyJet described the hack as an attack from a highly ...