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 »
Lawmakers passed legislation early Saturday reauthorizing and expanding a controversial U.S. surveillance law shortly after the powers expired at midnight, rejecting opposition by privacy advocates and lawmakers. The bill, which passed on a 60-34 vote, reauthorizes powers known as Section 702 under the Foreign Intelligence Surveillance Act (FISA), which allows the government to collect the
Last month, a hacker wreaked havoc during an esports tournament of the popular shooter game Apex Legends, hacking two well-known streamers mid-game to make it look like they were using cheats. A month later, it seems like the hacking saga may have come to a close with the game developers patching the bug exploited by
Apex Legends hacker says game developers patched exploit used on streamers Read More »
Ad blockers might seem like an unlikely defense in the fight against spyware, but new reporting casts fresh light on how spyware makers are weaponizing online ads to allow governments to conduct surveillance. Spyware makers are reportedly capable of locating and stealthily infecting specific targets with spyware using banner ads. One of the startups that
Government spyware is another reason to use an ad blocker Read More »
Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $12 million in crypto, was sentenced on Friday to three years in prison. In a press release, the U.S. Attorney for the Southern District of New York announced the sentence. Ahmed was accused of hacking into two cryptocurrency exchanges, and stealing around $12 million in crypto,
Security engineer jailed for 3 years for $12M crypto hacks Read More »
