.jpg?width=200&height=78&name=CH%20Diligence%20(thicker%20line).jpg "CH Diligence (thicker line)")
TechCrunch: Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.
Bank Info Security: British financial institutions must ensure by this spring that they could reasonably weather a third-party tech outage on the scale of July's global meltdown of 8.5 million computers triggered by a faulty update from cybersecurity firm CrowdStrike.
PYMNTS.com: U.K. cybersecurity firm CybaVerse is expanding its team after raising $1.4 million. The company announced the fundraise on its website, saying it would use the capital to speed the development of its platform and expand its team.
Tech Monitor: The UK, the US, and Canada are set to collaborate on research, development, testing, and evaluation of technologies related to artificial intelligence (AI), cybersecurity, resilient systems, and information domain-related innovations.
The Guardian: Cybersecurity firm Wiz, which last month rejected a $23bn (£18bn) takeover bid from Google’s parent company, Alphabet, is to open a European headquarters in London – a move that is a major shot in the arm for the UK’s aspiration to be a global tech hub.
Tech Radar: The King has unveiled the newly-elected Labour government’s first drafted bills and legislation to the UK Parliament, including several pieces relating to technology.
City A.M: London-based tech company CultureAI has secured $10m (£7.7m) in a Series A funding round, co-led by Mercia Ventures and Smedvig Ventures. The investment is set to propel CultureAI’s product development, double its workforce and support its expansion into the US market.
CSO Online: The UK’s Investigatory Powers (Amendment) Act (IPAA) received royal assent, making it law and broadening the government’s ability to collect bulk communications data.
BNN Bloomberg: UK cybersecurity company Darktrace Plc agreed to sell itself to private equity firm Thoma Bravo for an equity value of about $5.32 billion. The deal will give Darktrace holders $7.75 in cash, or 620 pence per share, the companies said in a statement.
Yahoo Finance: Darktrace raised its annual revenue and margin forecasts for the third time this year after the British cybersecurity company's third-quarter revenue jumped nearly 27%.
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