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Crunchbase: Venture funding to cybersecurity startups had its best quarter since Q1 2022 — surging 144% year to year — and seemingly building off a strong start to the year.
CSO Online: Russian security firm Kaspersky Lab has informed its employees in the United States that the company will begin winding down its US operations starting July 20, according to a report from Zero Day.
Advisor.ca: Ticketmaster’s recent data security incident, which potentially compromised the personal information of millions of people, is a poignant reminder of the need for individuals, organizations and companies to take cybersecurity seriously, says Raj Lala, president and CEO of Evolve Funds Group Inc. in Toronto.
BNN Bloomberg: Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.
The Target: U.S. messaging giant Twilio.
The Take: Data associated with Authy accounts, including 33 million phone numbers.
The Vector: Twilio detected that threat actors were able to identify data associated with Authy accounts, including phone numbers, due to an unauthenticated endpoint.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
CFO Dive: The findings come as businesses grapple with escalating cybersecurity threats. Sixty-one percent of organizations represented in the research had a data breach or cybersecurity incident in the past two years. More than half of respondents (55%) said their organization has experienced more than four to five of such incidents.
Yahoo Finance: Indian lenders must strengthen their governance standards and ensure robust cybersecurity controls to curb digital frauds, the governor of the Reserve Bank of India (RBI) told bank chiefs.
GlobeNewswire: According to the latest Astute Analytica research, the Saudi Arabia cybersecurity market was valued at US$ 3.6 billion in 2023 and is anticipated to reach US$ 10.5 billion by 2032 at a CAGR of 12.98% during the forecast period 2024–2032.
Forbes: From healthcare to manufacturing to agriculture and beyond, artificial intelligence (AI) is revamping business models and creating new opportunities for organizations to innovate.
CSO Online: The US Supreme Court has issued a decision that could upend all federal cybersecurity regulations, moving ultimate regulatory approval to the courts and away from regulatory agencies.
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