HYCU Raises $53 Million for Data Backup Technology

Backup-as-a-service firm HYCU has raised $53 million in a Series B funding round that brings the total invested in the company to $140.5 million.
The new funding round was led by Acrew Capital, with participation from all previous investors, along with… Continue reading HYCU Raises $53 Million for Data Backup Technology

Chinese Hackers Adding Backdoor to iOS, Android Web3 Wallets in ‘SeaFlower’ Campaign

Cybercriminals likely operating out of China are distributing backdoored versions of iOS and Android Web3 wallets in an effort to steal users’ seed phrase.
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Cybercriminals, State-Sponsored Threat Actors Exploiting Confluence Server Vulnerability

A recently patched Confluence Server vulnerability is being exploited by multiple cybercrime and state-sponsored threat groups, according to Microsoft.
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Billion-Dollar Valuations Can’t Halt Layoffs at OneTrust, Cybereason

Two cybersecurity vendors that recently boasted of raising hundreds of millions of dollars at unicorn valuations have confirmed staff cuts as the turmoil in the capital markets start to wreak havoc on late-stage startups.
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‘Follina’ Vulnerability Exploited to Deliver Qbot, AsyncRAT, Other Malware

Several malware families are being delivered using the recently disclosed Windows vulnerability identified as Follina and CVE-2022-30190, which remains without an official patch.
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IBM to Acquire Randori for Attack Surface Management Tech

Technology giant IBM has announced plans to acquire early-stage attack surface management startup Randori in a deal that signals a major expansion of Big Blue’s cybersecurity ambitions.
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Ten Eleven Ventures Raises $600M Fund for Cybersecurity Investments

Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms raising new funds to invest in startups solving information security problems.
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Chainguard Bags Massive $50M Series A for Supply Chain Security

Venture capital powerhouse Sequoia is leading a massive $50 million early-stage investment in Chainguard, a startup created by a team of ex-Google software engineers to “make software supply chain secure by default.”
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Report: Clipminer Botnet Operators Rake in $1.7 Million

Cybercriminals operating the Clipminer botnet have raked in at least $1.7 million in illicit gains to date, according to an estimate by security researchers at Symantec.
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