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TechCrunch: Vulcan Cyber, a company developing software to help enterprises detect vulnerabilities in their software stack, announced that it raised $55 million in equity financing led by Maor Investments and Ten Eleven Ventures with participation from Dawn Capital and Wipro Ventures.
Yahoo Finance: Gen Digital beat second-quarter revenue estimates as rising digital threats and hacks drove stable demand for its cybersecurity products, sending the company's shares more than 3% higher before the bell.
Dark Reading: Back in July, the Securities and Exchange Commission (SEC) adopted a rule "requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance."
CNBC: Information Technology firm SolarWinds, which was targeted by a Russian-backed hacking group in one of the worst cyber-espionage incidents in U.S. history in 2019, committed fraud and failed to maintain adequate internal controls for years prior to the hack, the Securities and Exchange Commission alleged in a lawsuit.
CSO: Artificial intelligence continues to snare the technological limelight and, rightly so as we move well into the final quarter of 2023, there is wide international interest in harnessing the power of AI.
TechCrunch: The U.S. government and dozens of foreign allies have pledged never to pay ransom demands in a bid to discourage financially motivated hackers and ransomware gangs profiteering from cyberattacks.
Bleeping Computer: The U.S. Federal Trade Commission (FTC) has amended the Safeguards Rules, mandating that all non-banking financial institutions report data breach incidents within 30 days.
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.
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.
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