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SecurityWeek: The new financing includes equity stakes for existing backers Accel and GV (Google’s venture fund), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments.
Bleeping Computer: Coinbase has fixed a confusing bug in its account activity logs that caused users to think their credentials were compromised.
The Target: SK Telecom is the largest mobile network operator in South Korea, holding approximately 48.4% of the mobile phone service market in the country, corresponding to 34 million subscribers.
The Take: USIM data is information stored on a Universal Subscriber Identity Module (USIM), which typically includes International Mobile Subscriber Identity (IMSI), Mobile Station ISDN Number (MSISDN), authentication keys, network usage data, and SMS or contacts if stored on the SIM. This data could be used for targeted surveillance, tracking, and SIM-swap attacks.
The Vector: A malware infection allowed threat actors to access sensitive USIM-related information for customers.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
MSN/Reuters: Computer and cloud security startup Chainguard said its latest funding round valued it at $3.5 billion, almost tripling in less than a year, underscoring sustained investor appetite for robust digital infrastructure.
SecurityWeek: The reported losses increased 33% compared to 2023, but the number of complaints received by the IC3 was slightly lower in 2024, at nearly 860,000 (compared to over 880,000 the year before).
Cybersecurity Dive: Cybersecurity risks are a top concern for business leaders globally, especially as ongoing AI additions expand the attack surface and make techniques like phishing more accessible for novice bad actors.
Yahoo Finance: Small and medium businesses are the latest targets for cybersecurity attacks, with one in three small businesses experiencing a data breach last year.
PYMNTS: The image of a hacker furiously typing strings of code to brute-force their way into a corporate server is becoming outdated. Today, the most dangerous cyber intrusions can come not from forced entries, but from front doors to organizational perimeters being quietly opened with valid credentials.
TechCrunch: The tech market doesn’t need to be soaring up and to the right to foster healthy M&A activity. Deals can get done even in down markets. But can M&A thrive in an uncertain market? That’s a harder question.
Dark Reading: As the Trump administration continues to pursue a chaotic tariff policy — announcing steep tariffs on the United States' major trading partners, only to pause most of the import taxes for 90 days — economists are increasingly predicting a recession in the next 12 months.
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