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TechCrunch: Cybersecurity giant CrowdStrike said that it would lay off 5% of its global workforce, which amounts to about 500 workers.
SecurityWeek: The lawsuit against NSO was filed in 2019, after it came to light that a zero-day vulnerability had been exploited to deliver NSO-made spyware to roughly 1,400 WhatsApp users.
Crunchbase: Identity management is a hot area for investment of late. That was particularly obvious in the past few weeks, as two startups in the space secured over $300 million and a major eyeball-scanning initiative made its U.S. debut.
Bank Info Security: Cybersecurity attracted $13 billion in investments in 2024, a 40% jump in funding compared to 2023, with nearly half going to early-stage startups.
SecurityWeek: According to SecurityWeek’s analysis, more than 30 cybersecurity firms collectively raised more than $1.7 billion in funding in the month of April, underscoring the sector’s robust growth and investor confidence in cyber defense technologies.
Dark Reading: In a sign of how pervasive data sharing has become, businesses may face challenges complying with a new government rule restricting data use outside the US.
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.
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).
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