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The LA Times: It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America’s largest companies as chief information security officer in 2012. At the time, it was among the most lucrative offers out there.
CNBC: That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. Other backers include Lockheed Martin, CRV and Spark Capital. Cybereason did not disclose its valuation.
SEC: Mr. Cohen is the first Chief of the Cyber Unit, created in 2017. The unit focuses on violations involving digital assets and cryptocurrency, cyber-related trading violations such as hacking to obtain material nonpublic information, and cybersecurity disclosures and procedures at public companies and financial institutions. Previously, Mr. Cohen was Co-Chief of the Market Abuse Unit.
BGR: Just as Equifax is settling an FTC case on the massive data breach from a couple of summers ago, Capital One had to come forward and admit that it suffered a massive breach of its own, affecting more than 100 million customers in America and Canada. The person responsible is already in custody, however, with the FBI saying she practically admitted everything online.
Reinsurance News: Corvus Insurance, an AI-driven insurtech MGA backed by ILS and reinsurance investment manager Hudson Structured Capital Management (HSCM), has expanded its product line with an offering that focuses on silent cyber risks posed by cargo insurance policies.
Cision: As criminal innovation outpaces defensive efforts, cyberattacks are becoming more ubiquitous and sophisticated, and businesses, governments, and individuals are more vulnerable than ever. In a perspective-shifting new article, "Casting the Dark Web in a New Light" (MIT Sloan Management Review), cybersecurity researchers and scientists Keman Huang, Michael Siegel, Keri Pearlson, and Stuart Madnick offer a new lens through which to consider cybercrime.
CNN: If you're among the 147 million Americans whose credit data was compromised in the 2017 Equifax data breach, read on. You may be eligible for compensation.
CBC: The fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion US in revenue last year.
Venture Beat: CEO Harold Brewer says the DefenseStorm team will work with the VC firm’s Georgian Impact team to accelerate adoption of applied AI and will tap its expertise to further develop DefenseStorm’s solutions suite and build out its sales and engineering team.
Retail Banker International: Banking cybersecurity and cyber-compliance services provider DefenseStorm has raised $15m in a Series A financing round.
The financing round was led by Georgian Partners. As a part of the deal, Georgian Partners managing partner Justin LaFayette will join the DefenseStorm board of directors.
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