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BNN Bloomberg: Cybersecurity platform Snyk Ltd. said it has closed a $300 million funding round that gives it a valuation of $4.7 billion, quadrupling its value since the start of 2020.
Private Equity Wire: Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth for Drawbridge. Over 300 funds in the alternative investment industry – including hedge funds and private equity funds – with more than USD800 billion in Assets Under Management work with Drawbridge to build and maintain their cybersecurity programs.
Cision: Information Shield - a leading provider of cyber security compliance software – today announced support for the new Cyber Insurance Risk Framework. Using the ComplianceShield ™ platform and Cyber Risk Score ™ methodology, insurance providers can gain measurable insight into the cyber posture and inherent risk of their insured base. The new framework was created by the New York Department of Financial Service (NYDFS) to help reduce systematic cyber risk across the insurance industry.
IT Pro Portal: The zero trust approach, which operates under the assumption that the network has already been breached and that every device and app needs authorization, is said to be the most efficient way to tackle advanced cybersecurity threats.
GlobeNewswire: HYAS, a leader in threat intelligence, adversary infrastructure, and network defense, today announced that it had closed a $US16 million round of funding led by Austin, TX based, S3 Ventures. The funds will be used to accelerate product development and global market expansion for the company’s cyber attack infrastructure identification and blocking technology.
CBC: Hundreds of workers at Canada's foreign signals intelligence agency have voted to strike — a move that comes as the threat of state-sponsored cyber attacks related to the pandemic appears to be rising.
ZDNet: Microsoft is continuing to roll out more vertical cloud packages tailored for specific vertical industries. On February 24, the company announced three more of these "industry clouds" for financial services, manufacturing and nonprofit. These supplement the already-announced Microsoft cloud packages for healthcare and retail.
Reuters: Top executives at Texas-based software company SolarWinds Corp, Microsoft Corp and cybersecurity firms FireEye Inc and CrowdStrike Holdings Inc defended their conduct in breaches blamed on Russian hackers and sought to shift responsibility elsewhere in testimony to a U.S. Senate panel.
The Business Times: Sequoia Capital told its investors that some personal data and financial information may have been accessed by a third party after one of its employees fell victim to a successful phishing attack, according to a report from US news website Axios.
Tech Republic: Effective CISOs and other leaders are those who plan for today but with an eye on tomorrow, and always put people first, according to Christopher Krebs, former director of the Department of Homeland Security's cybersecurity and infrastructure agency.
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