Security

Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake

Security /

Digital fraud detection company BioCatch has a new majority shareholder: a U.K-based private equity firm, Permira, is acquiring shares in the company “primarily” from existing investors including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion. Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing […]

Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake Read More »

UnitedHealth CEO tells Senate all systems now have multi-factor authentication after hack

Security /

UnitedHealth Group chief executive officer Andrew Witty told senators on Wednesday that the company has now enabled multi-factor authentication on all the company’s systems exposed to the internet in response to the recent cyberattack against its subsidiary Change Healthcare. The lack of multi-factor authentication was at the center of the ransomware attack that hit Change

UnitedHealth CEO tells Senate all systems now have multi-factor authentication after hack Read More »

Belgium’s Aikido lands $17M Series A for its ‘no BS’ security platform aimed at developers

Security /

Developers have a problem. It used to be the case that only large enterprises needed to worry themselves with security, but today, every startup is capable of holding huge amounts of customer data. That means developers across the board have to worry about how secure their platform is, and they often find themselves grappling with

Belgium’s Aikido lands $17M Series A for its ‘no BS’ security platform aimed at developers Read More »

US fines telcos $200M for sharing customer location data without consent

Security /

The U.S. Federal Communications Commission said on Monday that it is fining the four U.S. major wireless carriers around $200 million in total for “illegally” sharing and selling customers’ real-time location data without their consent. AT&T’s fine is more than $57 million, Verizon’s is almost $47 million, T-Mobile’s is more than $80 million and Sprint’s

US fines telcos $200M for sharing customer location data without consent Read More »

SafeBase taps AI to automate software security reviews

Security /

Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity. “We’ve witnessed an evolving business climate that brought along with it an unprecedented need for improved security processes,” Arnon told TechCrunch. “Security’s importance has increased exponentially … [it’s] non-negotiable for technology buyers.” Yang

SafeBase taps AI to automate software security reviews Read More »

Despite complaints, Apple hasn’t yet removed an obviously fake app pretending to be RockAuto

Security /

Apple’s App Store isn’t always as trustworthy as the company claims. The latest example comes from RockAuto, an auto parts dealer popular with home mechanics and other DIYers, which is upset that a fake app masquerading as its official app has not been removed from the App Store, despite numerous complaints to Apple. RockAuto co-founder

Despite complaints, Apple hasn’t yet removed an obviously fake app pretending to be RockAuto Read More »

Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal

Security /

Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly formed entity called Luke Bidco Ltd., formed by private equity giant Thoma Bravo, has tabled an all-cash bid of £6.20 ($7.75) per share, which represents a 44% premium on its average price for the

Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal Read More »

Rubrik’s shares end trading up almost 16% on the company’s public debut

Security /

Rubrik shares hit the New York Stock Exchange Thursday, debuting at $38 a share. The cybersecurity company priced its shares at $32 apiece Wednesday night, just a hair over its initial target range of $29 to $31 after raising $752 million. This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88%

Rubrik’s shares end trading up almost 16% on the company’s public debut Read More »

Health insurance giant Kaiser will notify millions of a data breach after sharing patients’ data with advertisers

Security /

U.S. health conglomerate Kaiser is notifying millions of current and former members of a data breach after confirming it shared patients’ information with third-party advertisers, including Google, Microsoft and X (formerly Twitter). In a statement shared with TechCrunch, Kaiser said that it conducted an investigation that found “certain online technologies, previously installed on its websites

Health insurance giant Kaiser will notify millions of a data breach after sharing patients’ data with advertisers Read More »

Ex-NSA hacker and ex-Apple researcher launch startup to protect Apple devices

Security /

Two veteran security experts are launching a startup that aims to help other makers of cybersecurity products to up their game in protecting Apple devices. Their startup is called DoubleYou, the name taken from the initials of its co-founder, Patrick Wardle, who worked at the U.S. National Security Agency between 2006 and 2008. Wardle then

Ex-NSA hacker and ex-Apple researcher launch startup to protect Apple devices Read More »