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Crunchbase: Maryland-based Huntress became the newest cybersecurity unicorn after it raised a $150 million Series D at a $1.5 billion-plus valuation. The new round was led by Kleiner Perkins, Meritech Capital and existing investor Sapphire Ventures.
SecurityWeek: Non-human Identity (NHI) lifecycle firm Entro Security has raised $18 million in a Series A funding round led by Dell Technologies Capital and including angel investors. The funds will be used to scale the firm’s global operations.
U.S. Securities and Exchange Commission: The Securities and Exchange Commission announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to cybersecurity incidents and alerts in late 2021.
The Record: Two federal contractors have paid a total of $11.3 million in civil penalties to the U.S. government after admitting they failed to properly test the cybersecurity of a system for providing financial assistance to low-income people in New York during the COVID-19 pandemic.
Yahoo Finance: A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon, Alphabet's Google and Microsoft, 26 industry groups across Europe warned.
Yahoo Finance: Cybersecurity software firm Magenta Buyer is in talks with creditor Elliott Investment Management to provide it with fresh money as revenue falls and liquidity thins, according to people familiar with the situation.
The Target: Frontier is a leading U.S. communications provider that provides gigabit Internet speeds over a fiber-optic network to millions of consumers and businesses across 25 states.
The Take: Full names and Social Security Numbers (SSNs) were confirmed as breached for 751895 customers.
The Vector: The telecommunications provider says it suffered a cyberattack in mid-April 2024, allowing hackers to access customers' personal information stored on its systems.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Help Net Security: NetSPI announced its acquisition of Hubble, a Northern Virginia-based cyber asset attack surface management (CAASM) and cybersecurity posture management solution.
Business Wire: H.I.G. Capital (“H.I.G.”), is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager.
Yahoo Finance: Shares of the cybersecurity firm Rubrik Inc. rose in late trading after its inaugural earnings results exceeded Wall Street’s expectations.
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