Wiz has become the most valuable venture-backed cybersecurity vendor in the world, raising $300 million on a $10 billion valuation just three years after its founding. The New York-based startup will use the Series D proceeds to guard more complex cloud environments and fulfill robust global demand.
The Asia-Pacific region had the dubious distinction of being the global region that faced the most cyberattacks during 2022, as observed by IBM's threat intelligence platform. IBM says the region accounted for 31% of all incidents monitored during 2022.
Intel 471 has promoted second-in-command Jason Passwaters to CEO and tasked him with onboarding less-mature security organizations for narrower use cases. The company plans to land more threat intelligence customers by focusing on areas such as vulnerability management and patch prioritization.
Cybercrime experts have long urged victims to never pay a ransom in return for any promise an attacker makes to delete stolen data. That's because, as a recent case highlights, whatever extortionists might promise, stolen personal data is lucrative, and it often gets sold six ways from Sunday.
Embedding OpenAI technology in Microsoft Bing will help both hackers and cyber defenders. The AI tool could make it easier for hackers to drive traffic to malicious sites, avoid search engine blocking and distribute malware, but it could also help security teams with code analysis and threat intel.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. This week, we look at incidents at Hope Finance, decentralized finance firm new malware demanding crypto and a phishing campaign aimed at Coinbase.
Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
AT&T wants to unload its cyber assets just five years after doubling down on security through its $600 million purchase of threat intelligence vendor AlienVault. The Dallas-based carrier has been working with British banking firm Barclays to solicit bids for its cybersecurity business, Reuters said.
The revolution ChatGPT drove in the consumer market has prompted enterprises to more closely examine how AI can help safeguard data, says Palo Alto Networks CEO Nikesh Arora. The demands from AI in the enterprise are far more exacting, as firms insist AI be clean, comprehensive and in real time.
Norwegian authorities confiscated crypto assets worth nearly $5.68 million tied to the 2022 Ronin cryptocurrency bridge hack by North Korean state threat actor Lazarus Group. The authority describes the seizure as Norway's largest-ever crypto seizure.
Darktrace has brought in Ernst & Young to review the cybersecurity AI vendor's financial process and controls following bombshell allegations from short seller Quintessential Capital Management. The review comes weeks after QCM claimed that Darktrace overstated its sales, margins and growth rates.
According to the Forrester Wave issued in December 2022, the top challenge security analytics vendors face when bringing SIEM, SOAR and UEBA together is making it easy for customers to manage and maintain the offering, says Forrester analyst Allie Mellen.
The adoption of new technologies, multi-cloud architectures and multiple data storage sites has resulted in data residing in more places than ever before. That's why enterprises need a single pane of glass to know who's touching their data and why, says Imperva CEO Pam Murphy.
Airbus has made a formal offer to purchase a 29.9% stake in Atos' $4.8 billion Evidian cybersecurity, big data and digital business. Atos says it will initiate negotiations focused on both Airbus' offer and a long-term strategic and technological partnership between the two organizations.
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