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SecurityWeek: The company has raised $21 million in initial funding from Lightspeed Ventures and Bain Capital Ventures. Straiker’s platform aims to address the risks associated with the increasing use of AI chatbots and AI agents.
GlobeNewswire: Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020.
SecurityWeek: The investment round was led by Forgepoint Capital, with additional support from Ballistic Ventures, Capital One Ventures, Cisco Investments, Evolution Equity, K2 Access Fund, and In-Q-Tel (IQT).
Crunchbase: Dallas-based enterprise browser developer Island raised a $250 million Series E at a $4.8 billion valuation. The new round was led by Coatue Management, with several existing investors participating in the round, per the company.
Yahoo Finance: Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter.
The Guardian: Google’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has ever made.The search company’s purchase of the Israeli startup comes as Google attempts to catch its competitors Microsoft and Amazon in the competitive cloud services market.
Business Wire: Brighton Park Capital (“Brighton Park”), an investment firm focused on entrepreneur-led, growth-stage companies in software and healthcare, announced a growth investment in HITRUST, the leader in information security assurance for risk management and compliance.
PYMNTS.com: Sola Security has raised $30 million for its no-code, artificial intelligence (AI)-powered cybersecurity platform. The seed funding, announced as the company emerged from stealth, will allow Sola to develop its solution, which it says lets businesses build security apps without needing “deep technical expertise” or having to spend too much.
SecurityWeek: National General, which offers home, vehicle, and other insurance coverage, suffered two data breaches in 2020 and 2021, resulting in the driver’s license numbers of more than 165,000 New Yorkers being compromised.
The Target: DISA Global Solutions, Inc., a third-party employment screening services provider.
The Take: The personal information accessed could have included people’s names, Social Security numbers, driver’s license numbers, other government ID numbers, financial account information and other data elements.
The Vector: The company, which provides drug and alcohol testing and background checks, said it discovered on April 22, 2024, that it was the victim of cyber-attack that gave “an unauthorized third party” access to individuals’ personal information from Feb. 9, 2024, to April 22, 2024, the company said in a notice on its website.
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.
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