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TechFundingNews: Hawk, the Munich-based AI-driven compliance platform, has announced a $56 million Series C funding round to accelerate its mission of transforming how financial institutions detect and prevent money laundering, sanctions breaches, and fraud.
Business Wire: Radiant Logic (“the Company”), a pioneer in Identity Security Posture Management (“ISPM”) solutions, announced a strategic growth investment from Ridgeview Partners (“Ridgeview”), a growth-oriented technology private equity firm.
Yahoo Finance: Cybereco is thrilled to announce that it has received a generous financial contribution of $500,000 from Desjardins. This vital support is provided through the GoodSpark Fund and will help Cybereco strengthen its capacities and carry out projects focusing on innovation and codevelopment to further develop Canada's cybersecurity industry.
PYMNTS.com: AI cybersecurity startup Octane has emerged from stealth and announced it secured $6.75 million in a seed funding round.
CSO Online: The introduction of new US tariffs has significantly rattled the US cybersecurity sector, reducing the stock market valuations of cybersecurity companies by tens of billions of dollars and sparking concerns that organizations may be forced to cut cybersecurity spending.
Tech.eu: UK venture capital firm Osney Capital announced the first close of its debut fund to invest in the UK’s most promising cyber security startups. This fund is the UK’s first specialist cyber security seed fund, and it is oversubscribed from its original target of £50 million.
The Target: American software giant Oracle.
The Take: The compromised data includes usernames, passkeys, and encrypted passwords, which Oracle staff revealed to some clients.
The Vector: A hacker infiltrated a computer system, resulting in the theft of old client log-in credentials, according to Bloomberg News, citing two people familiar with the matter.
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.
The Guardian: Hackers have targeted Australian superannuation funds, with a small number of customers losing a combined half a million dollars, and compromising some members’ data, the industry’s peak body says.
Wealth Briefing Asia: Family offices are already feeling the impact of weak cybersecurity. As reported in a survey by Deloitte, the accountancy and professional services giant, found that almost half (43 per cent) of family offices around the world – a sector estimated to hold more than $3 trillion in total AuM – have suffered a cyberattack in the past two years.
Dark Reading: Japan has passed the Active Cyber Defense Bill, which will allow its military and law enforcement to take preemptive measures to combat cyber threats.
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