Cybersecurity startup BlueVoyant is eyeing a $150 million investment funding round that values the company at about $1.4 billion, a source familiar with the company’s intentions told Bloomberg Monday (Nov. 15). A BlueVoyant spokeswoman declined to comment for Bloomberg’s report. New York-based BlueVoyant was co-founded...
A new White House directive outlines nearly 300 cybersecurity holes that leave the federal government’s antiquated computer systems susceptible to cyberattacks, according to a Thursday (Nov. 11) Wall Street Journal report. Some of the shortcomings addressed in President Biden’s directive this week detail the need...
Multiple arrests have been made recently as part of a nationwide ransomware sting, according to a Tuesday (Nov. 9) report from NBC News. The U.S. and European Union recently made seven arrests, with each suspect accused of using malicious software for Russian-based ransomware-as-a-service REvil, according...
Despite the booming market for cybersecurity, many companies in the industry aren’t making a lot of money, The Wall Street Journal (WSJ) reported. Of 26 firms reviewed by WSJ, 17 have seen net losses for their most recent fiscal year, according to the report. Twelve...
Speaking at a hearing for the House Committee on Financial Services on Wednesday (Nov. 3) about how to address cyber attacks such as ransomware, U.S. House Rep. Ed Perlmutter of Colorado said there had been a 1,318% increase in ransomware attacks on the banking industry...
PNC Bank and Akoya LLC on Thursday (Sept. 30) announced the bank is integrating with the Akoya Data Access Network to allow PNC customers to share their financial data securely with FinTechs and data aggregators through its application programming interface (API) network. “PNC takes very...
A malware dubbed BloodyStealer by cybersecurity firm Kaspersky has the ability to hack users’ accounts on Steam, Epic Games Store, EA Origin and other gaming platforms, according to a Kaspersky blog post on Monday (Sept. 27). Using a malware-as-a-service distribution model, the advanced trojan is...
