Investors Go Phishing For Gold In Cybersecurity—Cyber Saturday

Greetings. This is Jonathan Vanian, filling in for Robert Hackett and Jeff John Roberts. Investors see a potential gold mine in combating one of the oldest tricks by hackers. Three cybersecurity startups specializing in technology to prevent phishing attacks raised nearly $140 million in venture capital in the past week, according to Crunchbase. In a […]

Investors Go ‘Phishing’ For Gold In the Cybersecurity Market—Cyber Saturday

Greetings. This is Jonathan Vanian, filling in for Robert Hackett and Jeff John Roberts. Investors see a potential gold mine in combating one of the oldest tricks by hackers. Three cybersecurity startups specializing in technology to prevent phishing attacks raised nearly $140 million in venture capital in the past week, according to Crunchbase. In a […]

Welcome to the Next Generation of Corporate Phishing Scams

All it takes is for one employee to open and click on a bogus email to compromise a company’s corporate security. Despite analyst estimates that companies will cumulatively spend more than $120 billion a year on cybersecurity, corporations are still facing an increase of hacking attacks and data breaches. The problem, according to cybersecurity strategist […]

Hackers Can Now Bypass Two-Factor Authentication With a New Kind of Phishing Scam

Two-factor authentication, the added security step that requires people enter a code sent to their phone or email, has traditionally worked to keep usernames and passwords safe from phishing attacks. However, security experts have demonstrated an automated phishing attack that can cut through that added layer of security–also called 2FA–potentially tricking unsuspecting users into sharing […]

How a Cyber Crime Ring Stole $100 Million From Unsuspecting Companies

The U.S. Justice Department has indicted 10 people for allegedly using malware to try to steal more than $100 million, mostly from U.S. businesses. In its court filing in a Pennsylvania federal court on Thursday, the Justice Department said the suspects, from Russia, Ukraine, Bulgaria, and other European countries, used malware called GozNym to access […]

Senior Executives Are Getting Phished More Frequently. Here’s an Urgent Tip!!!

A couple weeks ago I received an email message with the subject line “Urgent Request !!!” The note purported to be from Adam Lashinsky, this newsletter’s weekday columnist, a man whose comminqu?s I am wont not to ignore. Yet I knew instantly, even before opening the note, that the composer was an imposter. The tell: […]

Darktrace CEO: The Future of Cybersecurity is A.I. vs. A.I.

Nicole Eagan believes a robot uprising draws nigh. As the chief executive of Darktrace, a cybersecurity “unicorn,” or private firm valued at more than $1 billion, Eagan helps companies spot intruders in corporate networks, quarantine them, and defend data. The British firm’s technology uses machine learning techniques to gain an understanding of the internal state […]