In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
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 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.
Zscaler has agreed to purchase a startup established by a former Proofpoint executive to help organizations thwart SaaS supply chain attacks. The proposed acquisition of Tel Aviv, Israel-based Canonic Security will help customers streamline SaaS application governance and enforcement.
Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
As the massive ESXiArgs ransomware campaign continues to target unpatched VMware ESXi hypervisors, cybersecurity experts have released a script that can decrypt at least some affected virtual machines. Ransomware trackers count at least 2,803 victims, primarily in France, the U.S. and Germany.
APIs represent the best and worst of times - "massive amounts of business value, but massive amounts of unmitigated risk," says Richard Bird, CSO, Traceable AI. In the past year, misconfigured or error-prone APIs resulted in high-profile breaches at Twitter and T-Mobile. He sees more on the horizon.
Organizations have struggled to understand why APIs are so strategic even though they're an intrinsic way businesses interface with their software, according to Checkmarx CEO Emmanuel Benzaquen. He says API abuse is slated to become one of the most common types of web application data breaches.
U.S. federal authorities are establishing a new office to tackle supply chain security issues and help industry partners put federal guidance and policies into practice. Former GSA administrator Shon Lyublanovits says she is spearheading the launch of the new organization.
The nearly $200 million it raised in December will allow Snyk to consolidate the developer security market through organic investment and M&A, says CEO Peter McKay. Snyk has focused on bringing open-source security, container security, infrastructure- as-code security and cloud security together.
Organizations must grapple with software development happening at a faster pace than ever as well as an exponential increase in attacks on the software layer. Contrast Security has therefore developed new technology to secure code that's deployed quickly to the cloud, CEO Alan Naumann says.
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
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The software risk landscape has changed – and not for the better. Malicious actors constantly evolve their tactics, techniques, and procedures (TTPs) to find new ways of infiltrating or disrupting organizations, and the software supply chain is now firmly in the crosshairs. A surge of sophisticated and diverse...
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