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TechCrunch: Investments in cybersecurity companies are beginning to turn a corner, seemingly. After a brutal summer, VC funding to security startups saw a slight (12%) uptick from Q3, according to Crunchbase — reaching nearly $1.9 billion compared to $1.7 billion in the second quarter.
The Guardian: Microsoft says it will invest an additional $5 billion in Australia over the next two years to expand hyperscale cloud computing capacity while collaborating with the Australian Signals Directorate (ASD) to boost domestic protection from cyber threats.
CNBC: Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems. The high-profile incident is the latest in a string of incidents that have been tied to Okta or its products, including a spate of intrusions at casinos that crippled Las Vegas hotel rooms for days.
Chief Investment Officer: Mitigating cybersecurity threats requires organizations to reassess their approach to technical vulnerability, advised an internet security expert and author at the “Cybersecurity Threats and Concerns: An Overview” session of CIO’s Cybersecurity livestream on October 12.
The Target: The District of Columbia Board of Elections (DCBOE) operates as an autonomous agency within the District of Columbia Government and is entrusted with overseeing elections, managing ballot access, and handling voter registration processes.
The Take: This dataset includes the individual's name, registration ID, voter ID, partial Social Security number, driver's license number, date of birth, phone number, email, and more.
The Vector: DCBOE’s investigation into the claims has revealed that the attackers accessed the information through the web server of DataNet, the hosting provider for Washington D.C.'s election authority.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and more critically, ensuring these controls are in place on all third-party vendors which have access to a firm’s data.
PR Newswire: Measured Analytics and Insurance, the AI-powered cyber insurance provider to small and midsize enterprises (SMEs), introduced its latest white paper, "Cybersecurity in the Cloud Era: Financial and Operational Impacts Decoded."
Crunchbase: Venture funding to cybersecurity startups in the third quarter saw a slight uptick from Q2, but was still down 30% year to year. According to Crunchbase data, cybersecurity startups raised nearly $1.9 billion through 153 deals announced in Q3, a 12% increase from the $1.7 billion raised in 181 deals the previous quarter.
Verdict: Cybersecurity software-as-a-service (SaaS) company SecureW2 has raised $80m in funding from Insight Partners. SecureW2 is engaged in offering a suite of passwordless security software solutions, with headquarters in the Netherlands and regional hubs in the US and India.
PR Newswire: In today's digital age, the threat of cybercrime looms large over businesses and individuals alike. The need for robust cybersecurity solutions has never been more critical as the world becomes increasingly interconnected.
Dark Reading: The US Treasury Department and the Cyber Security Council of the United Arab Emirates have agreed to share more information on cybersecurity threats and incidents affecting the financial services industry.
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