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 […]
In 2017, Jyoti Bansal co-founded San Francisco-based security company Traceable alongside Sanjay Nagaraj, a former investor. With Traceable, Bansal — who previously co-launched app performance management startup AppDynamics, acquired by Cisco in 2017 — sought to build a platform to protect customers’ APIs from cyberattacks. Attacks on APIs — the sets of protocols that establish
Citigroup’s VC arm invests in API security startup Traceable Read More »
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 »
The ransomware gang that hacked into U.S. health tech giant Change Healthcare used a set of stolen credentials to remotely access the company’s systems that weren’t protected by multifactor authentication (MFA), according to the chief executive of its parent company, UnitedHealth Group (UHG). UnitedHealth CEO Andrew Witty provided the written testimony ahead of a House
Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO Read More »
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 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 »
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 »
Last week when a security researcher said he could easily obtain the precise location from any one of the millions of users of a widely used phone-tracking app, we had to see it for ourselves. Eric Daigle, a computer science and economics student at the University of British Columbia in Vancouver, found the vulnerabilities in
Security bugs in popular phone-tracking app iSharing exposed users’ precise locations Read More »
Health insurance giant UnitedHealth Group has confirmed that a ransomware attack on its health tech subsidiary Change Healthcare earlier this year resulted in a huge theft of Americans’ private healthcare data. UnitedHealth said in a statement on Monday that a ransomware gang took files containing personal data and protected health information that it says may
A vulnerability in a smart access control system used in thousands of U.S. rental homes went unfixed for years because Chirp Systems, the company that makes the system, ignored requests to fix the flaw. U.S. cybersecurity agency CISA went public with a security advisory last month saying that the phone apps developed by Chirp, which
US government downgrades bug in Chirp Systems app that contained hardcoded password Read More »
