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CSO Online: The US Supreme Court has issued a decision that could upend all federal cybersecurity regulations, moving ultimate regulatory approval to the courts and away from regulatory agencies.
SecurityWeek: The notorious ransomware group LockBit recently threatened to leak data allegedly stolen from the US Federal Reserve. The cybercriminals did leak data on June 26, but it turned out that the files actually originated from an Arkansas-based financial organization, Evolve Bank & Trust.
Dark Reading: Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations’ cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.
U.S. News: Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, but stressed the technology should not replace humans when it comes to setting interest rates.
Help Net Security: Alethea closed a $20 million Series B funding round led by GV, with participation from Ballistic Ventures, who led Alethea’s Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside leading venture capital funds, targeting companies with high growth potential and international ambitions.
SecurityWeek: Cryptocurrency portfolio manager CoinStats resumed activity recently after hackers drained over $2 million in virtual assets from 1,590 wallets. The incident prompted CoinStats to shut down its application to mitigate the attack.
The Record: Several large car-dealership companies in the U.S. filed notices with regulators in relation to a ransomware attack on CDK Global that has stymied work at thousands of dealers across North America over the last week.
FinTech Global: According to ACA Group, companies with fewer than 1,000 employees bear the brunt of up to 82% of ransomware attacks, painting a target on PortCos due to their typically nascent cybersecurity measures and constrained resources to combat breaches.
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.
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