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PR Newswire: M|C Partners, a digital infrastructure and tech services private equity firm, has made a strategic growth investment in Consortium Networks, a national cybersecurity organization.
TechCrunch: Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors, including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners.
Bleeping Computer: The U.S. Securities and Exchange Commission confirmed that its X account was hacked through a SIM-swapping attack on the cell phone number associated with the account.
Cybersecurity Dive: Security researchers and other analysts say the attack raises serious questions about the security of Microsoft products and whether the company is employing the same practices internally that it demands of customers.
City A.M: The boss of one of the world’s biggest cybersecurity companies has said he expects a surge in M&A activity in the sector in 2024. Nick Schneider, the chief executive of Arctic Wolf, which is valued at $4.3bn, told City A.M. that many potential buyers are “opportunistically” scouring the market.
Forbes: The short breach notification timeline attached to the SEC’s new cybersecurity disclosure rule is loud and clear: C-Suite leaders and boards have important work to do in ensuring their organizations can quickly identify, understand and publicly disclose material cybersecurity events and impacts.
Crunchbase: Just two years ago venture funding to cybersecurity was on fire, with more than $23 billion flooding the sector. In 2023, cyber startups saw only about a third of that, as venture funding dipped to its lowest total since 2018.
BNN Bloomberg: Governments and businesses are not prepared for the havoc quantum computers will sow in cybersecurity by the end of the decade, according to an International Business Machines Corp. executive.
Business Wire: Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer.
TechCrunch: Thomvest Ventures is popping into 2024 with a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to the role of managing directors.
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