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Crunchbase: Venture funding to cybersecurity startups in the third quarter saw a slight uptick from Q2, but was still down 30% year to year. According to Crunchbase data, cybersecurity startups raised nearly $1.9 billion through 153 deals announced in Q3, a 12% increase from the $1.7 billion raised in 181 deals the previous quarter.
Verdict: Cybersecurity software-as-a-service (SaaS) company SecureW2 has raised $80m in funding from Insight Partners. SecureW2 is engaged in offering a suite of passwordless security software solutions, with headquarters in the Netherlands and regional hubs in the US and India.
PR Newswire: In today's digital age, the threat of cybercrime looms large over businesses and individuals alike. The need for robust cybersecurity solutions has never been more critical as the world becomes increasingly interconnected.
Dark Reading: The US Treasury Department and the Cyber Security Council of the United Arab Emirates have agreed to share more information on cybersecurity threats and incidents affecting the financial services industry.
Security Boulevard: An analysis published by CSC found 43% of Forbes Global 2000 companies do not have control over their branded artificial intelligence (.AI) domain names that have instead been registered by third parties.
Forbes: Ever since OpenAI released ChatGPT last year and DALL-E the year before, there has not only been an explosion in the amount of AI tools available for general consumption, but AI also transitioned from being perceived as largely academic or some magic employed by Big Tech to a family dinner conversation topic.
The Target: DNA testing company 23andMe.
The Take: The information obtained may have included users’ display name, profile photo, profile sex, birth year, location, predicted relationships to their match, the percent DNA match and number of shared genetic segments and portions of their genetic ancestry results, including haplogroups, which provide information about ancestry.
The Vector: The company said its preliminary investigation indicated that an attacker may have compiled login credentials leaked from other platforms and then recycled these credentials to access the accounts of 23andMe customers who had used the same username and password combination.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
GlobeNewswire: Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), released a new report, Cybersecurity for SMBs: Navigating Complexity and Building Resilience.
Help Net Security: 60% of CEOs said their organizations don’t incorporate cybersecurity into business strategies, services or products from the outset, and 44% believe cybersecurity requires episodic intervention rather than ongoing attention.
SecurityWeek: The new Seed Fund I brings the firm’s total assets under management to more than $600 million. The final closing is expected for later this quarter.
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