Two cybersecurity vendors that recently boasted of raising hundreds of millions of dollars at unicorn valuations have confirmed staff cuts as the turmoil in the capital markets start to wreak havoc on late-stage startups.
Apple says its App Store fraud prevention mechanisms last year stopped potentially fraudulent transactions totaling roughly $1.5 billion.
Throughout 2021, the company prevented more than 3.3 million stolen credit cards from making purchases in the App Store, and banned nearly 600,000 accounts from ever transacting again.
Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms raising new funds to invest in startups solving information security problems.
Venture capital powerhouse Sequoia is leading a massive $50 million early-stage investment in Chainguard, a startup created by a team of ex-Google software engineers to “make software supply chain secure by default.”
Devo Technology, a late-stage startup building technology for data logging and security analytics, has closed a new $100 million funding round that pushes its valuation in the $2 billion range.
Bug hunters at Microsoft are calling attention to several high-severity vulnerabilities in a mobile framework used in pre-installed Android System apps, warning that exploitation could have allowed the implantation of a persistent backdoor on Android devices.
Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span.
The District of Columbia on Monday sued Meta chief Mark Zuckerberg, seeking to hold him personally liable for the Cambridge Analytica scandal, a privacy breach of millions of Facebook users’ personal data that became a major corporate and political scandal.
LimaCharlie, a California company supplying tools to run an MSSP or SOC on a pay-as-you-use model, has attracted $5.45 million in seed round financing.
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