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KnowBe4 Recognized as a Microsoft Security Excellence Awards Finalist for Diversity in Security (KnowBe4) KnowBe4 Recognized as a Microsoft Security Excellence Awards Finalist for Diversity in Security
‘Old-School’ Signature Bank Collapsed After Its Big Crypto Leap (Bloomberg) The lender survived blowups with cabbies, “bad landlords” and Trump — only to fall after trying a side gig.
WSJ News Exclusive | Justice Department, SEC Investigating Silicon Valley Bank’s Collapse (Wall Street Journal) The probes include examining executives’ share sales before bank’s failure.
Lawmakers Split on Tighter Rules After Silicon Valley Bank Failure (Wall Street Journal) Democrats want to look at tightening regulations on midsize banks, while Republicans are criticizing Democratic spending as a root cause of the bank’s weakness.
In Their Own Words: What Silicon Valley Bank Meant To The Valley (Crunchbase News) We spoke to some Silicon Valley investors on the impact of SVB and what its downfall means for them personally and professionally.
Crypto Reg Affairs: Bank Collapses Raise Questions Over Crypto-Banking Relationships (Elliptic Connect) The failure of three US banks within a matter of days has raised questions around how the crypto industry will continue to secure much-needed banking relationships. Read more.
Opinion | How Bad Was the Silicon Valley Bank Bailout? (New York Times) It may not have been necessary, but it won’t do much harm, either.
Where the Venture Community Goes From Here (The Information) March 9, 2023, will be remembered as a sad day in Silicon Valley’s history. We have been through crises before—the Japan Inc. fears of the 1980s; the dot-com bubble during which my firm, General Catalyst, was founded; the global financial crisis of the late 2000s; the Covid-19 crisis we’re still ...
The collapse of Silicon Valley Bank foreshadows a bigger reckoning for the tech industry (Business Insider) "They will learn nothing from this": Tech-industry leaders remain staggeringly oblivious to the true lessons of Silicon Valley Bank's collapse.
Apollo Asks VCs to Back Its Bid For Silicon Valley Bank Assets (The Information) Private equity giant Apollo Global Management has asked major venture capital firms to help finance a bid for the assets of Silicon Valley Bank, according to a person with knowledge of the discussion. Earlier, The Information reported that several firms, including General Catalyst, Andreessen ...
New SVB CEO: Startup Debt Facilities ‘Will be Honored,’ Says ‘A Lot of People’ Interested in Bank Assets (The Information) The government-appointed CEO of the Silicon Valley ‘bridge bank’ asked venture capitalists on Tuesday morning to keep deposits at the bank and return them to the institution. He also said clients with existing debt facilities will be honored. “I’m not asking you to do this as an act of charity,” ...
IT Leaders Reassess Vendor Risks After Silicon Valley Bank Collapse (Wall Street Journal) CIOs say they are checking in with suppliers and have brushed up on contingency plans. ‘If you receive the warning from the universe, take it on board.’
Silicon Valley Bank collapse poses challenge for cybersecurity defenders, firms (Washington Post) The cyber impact of the Silicon Valley Bank collapse
Keyfactor Joins the Connectivity Standards Alliance (Business Wire) The IoT Security Leader Will Fuel Digital Trust in Matter-Certified IoT Devices, Enabling Faster, More Secure Go to Market Product Strategies for Customers
A-Labs Reaffirms $20 million PIPE Investment in HUB at $10 per share (PR Newswire) HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"),...
Optiv More Than Doubles Federal Presence With ClearShark Acquisition (Dark Reading) Convergence of two leading cybersecurity companies creates federal sector powerhouse.
Samsung Next Invests In Mitiga, Brings Total Funding to $45M (PR Newswire) Mitiga, the cloud and SaaS incident response leader, today announced the completion of its Series A Round, bringing total funding to $45...
CISA and Girl Scouts of the USA Strengthen Collaboration to Bring More Young Women into Cybersecurity (Cybersecurity and Infrastructure Security Agency) The Cybersecurity and Infrastructure Security Agency (CISA) and Girl Scouts of the USA (GSUSA) announced a new memorandum of understanding (MOU) today that formalizes the collaboration between the two organizations in their pursuit to bridge the gender gap in cybersecurity.
Silobreaker named Most Innovative Security Company of the Year in the 19th Annual 2023 Globee® Cybersecurity Awards (Silobreaker) Silobreaker honoured as Gold Globee® Winner in the Best Security Companies Category for its ground-breaking threat intelligence solution Silobreaker, a leading security and threat intelligence firm, announced today that The Globee® Awards, organisers of the world’s premier business award programmes and business ranking lists, have named Silobreaker a winner in the 19th Annual 2023 Globee Cybersecurity...
Meta to Lay Off Another 10,000 Workers (New York Times) It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”
CrowdStrike’s SVB Credit Line ‘Remains Undrawn,’ Stock Price Climbs (CRN) CrowdStrike’s stock price climbed as the company said its credit line with Silicon Valley Bank (SVB) will not be needed.
Why CrowdStrike Stock Rallied on Monday (The Motley Fool) The endpoint security specialist's banking relationships were in focus this morning.
Y Combinator to End Late-Stage Startup Fund, Lays Off Staff (The Information) Silicon Valley startup accelerator Y Combinator won’t raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said. The partners who led the fund, AnuHariharan and Ali Rowghani, plan to leave the firm, the two people said. The pair plan to ...
Crypto’s 24/7 Trading Disrupted By Bank Crisis (The Information) Crypto in many ways used to be a 24/7 market, but the escalating crisis among a set of small U.S. banks has upended that. Regulators’ abrupt closure Sunday of Signature Bank following Silvergate’s shuttering last week knocked out the two biggest crypto-friendly banks and also means the ...
The Fed’s tightening is a recipe for global volatility. Silicon Valley Bank’s collapse is just the start. (Atlantic Council) In this volatile environment, it may take less than a historic shock to cause severe disruption. Governments and central banks around the world better be prepared.
The Silicon Valley Bank Contagion Is Just Beginning (WIRED) The collapse of SVB isn’t just a tech industry problem—as the rest of the world is about to find out.
SVB Meltdown: What It Means for Cybersecurity Startups' Access to Capital (Dark Reading) The implosion of Silicon Valley Bank will impact investors, startups, and enterprise customers as they become more cautious over the near term, security experts say.
SVB’s Failure Means ‘Easiest Money’ for Startups Is Gone (The Information) After Chris Herndon raised $9 million from venture capitalists for his travel startup The Guild five years ago, he wanted to take out a loan to pad the firm’s finances. He went with Silicon Valley Bank over JPMorgan, which had more onerous lending terms. SVB also had a closer relationship with ...
SVB Held Money for Nearly 1,000 Private Tech Investors (The Information) The failure of Silicon Valley Bank sent shockwaves through the tech financing universe. Roughly 1,000 firms, from big names such as Sequoia Capital, Andreessen Horowitz and Benchmark to key crypto and China tech investors, had disclosed that SVB was a custodian for their funds’ capital, ...
Private Equity Giant Talks to VC Firms About SVB Bid (The Information) A large private equity firm has been talking to General Catalyst, Redpoint Ventures, Upfront Ventures and other venture capitalists as the PE firm considers bidding for part of the bank, according to four people with knowledge of the discussions. The identity of the private equity firm couldn’t ...
UK channel breathes sigh of relief as Silicon Valley Bank 'bloodbath' averted (CRN) Collapsed bank is used by thousands of tech start-ups, including smaller vendors
Bank shares sink as Joe Biden fails to reassure markets - latest updates (The Telegraph) Joe Biden said "Americans can have confidence that the banking system is safe" as small bank shares crashed as markets opened in the US.
Biden says 'the banking system is safe' after Silicon Valley Bank shutdown (NBC News) The president addressed the federal efforts to prevent economic ripples.
After two historic US bank failures, here’s what comes next (AP NEWS) Two large banks that cater to the tech industry have collapsed after a bank run , government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe.
Silicon Valley Firms Gird for Change After U.S. Backing of SVB (Wall Street Journal) Startups and venture investors voice relief at federal decision to protect depositors, but see need for new banking practices.
After Bank Debacle, Silicon Valley Reckons With Its Image (New York Times) Even as start-ups and investors began recovering their money from Silicon Valley Bank, the episode exposed the tech industry’s vulnerabilities.
How Biden saved Silicon Valley startups: Inside the 72 hours that transformed U.S. banking (POLITICO) A historic rescue of a distressed industry came together rapidly, reshaping the government’s relationship with banks in far-reaching ways.
Osborne Clarke advises cybersecurity start-up Edgeless Systems on seed funding round (Osborne Clarke) Osborne Clarke has advised Bochum-based cybersecurity company Edgeless Systems on its recent EUR 5 million seed funding round.
Optiv More Than Doubles Federal Presence with ClearShark Acquisition (Optiv) Optiv, the cyber advisory and solutions leader, today announced it has acquired Maryland-based ClearShark LLC and ClearShark Services Inc. (collectively ClearShark), a premier advisor and top value-added reseller of cybersecurity and modernization technology to the United States federal government.
Radware Customers Provide Insightful Tips for Women Interested in a Cybersecurity Career (Radware Blog) Radware has the unique opportunity to work with many women in technology and cybersecurity. So, to celebrate International Women’s Day 2023, we turned to our customers — in this case, women — who continually provide us with interesting, insightful responses to questions we present to them.
Here’s how we can collectively shrink the cybersecurity skills gap (CSO Online) While security breaches are rising across all industries, organizations are finding it difficult to attract and retain security professionals. Here are several ways we can collectively shrink the cybersecurity skills gap.
Lloyd’s has a duty to lead in cyber: Patrick Tiernan (ReinsuranceNe.ws) Patrick Tiernan, Chief of Markets at Lloyd’s, says the insurance and reinsurance marketplace has a duty to provide leadership in the cyber market and
WSJ News Exclusive | Meta Plans New Layoffs That Could Match Last Year’s in Scope (Wall Street Journal) Meta Platforms is planning additional job cuts in multiple rounds over the coming months that in total would be roughly the same magnitude as the 13% reduction in its workforce last year.
Grip Security & The Syndicate Group (TSG) Announce Strategic Investment to Accelerate Channel-Led Growth (GlobeNewswire News Room) Grip Solutions Meet Critical Need for Channel Ecosystem to Manage SaaS Risk; TSG Expands Reach to 450+ Strategic Partners...
Cado Security raises $20 million to drive global expansion (Help Net Security) Cado Security raised $20M in funding from Eurazeo and Ten Eleven Ventures to accelerate the transformation of security operations.
Parsons Establishes Strategic Partnership with Microsoft, Accelerating the Digital Transformation of Global Infrastructure (Investors Observer) Parsons Establishes Strategic Partnership with Microsoft, Accelerating the Digital Transformation of Global Infrastructure
Briefing: Regulators Shut Signature Bank (The Information) The New York Department of Financial Services said Sunday evening it had taken possession of Signature Bank, marking the second downfall of a major crypto-focused bank over the past week. Signature had $110.36 billion in total assets and $88.59 billion in total deposits as of Dec. 31, the regulators said in a press release. All depositors will be made whole.
Signature was one alternative to
One of Crypto’s Last Safe Havens Is Spiraling After Silicon Valley Bank Implosion (The Information) Silicon Valley Bank’s collapse is sending shockwaves through a key piece of the crypto industry’s financial plumbing. The price of stablecoin USDC tumbled at one point lower than 88 cents Saturday morning, below its theoretical $1 peg, after its issuer, Circle, disclosed it has billions in cash ...
Briefing: Stablecoin Issuer Circle Reveals $3.3 Billion Exposure to Silicon Valley Bank (The Information) Circle, the issuer of USD Coin, said in a tweet Friday evening that $3.3 billion of its reserves backing the stablecoin were held in Silicon Valley Bank, the bank that regulators shut down earlier in the day. After Circle’s disclosure, the price of USD Coin, which is meant to stay pegged to the U.S. dollar, fell to a little under 92 cents before recovering to roughly 94 cents, according to
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank (Wall Street Journal) Worried investors cashed out more than $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents.
Wall Street Firm Pounces on SVB Implosion With Offer to Buy Deposit Claims (The Information) At least one Wall Street firm is sensing an opportunity in the panic around failed Silicon Valley Bank. Traders from Jefferies are contacting startup founders with money stuck at the bank, offering to buy their deposit claims at a discount, according to several people with direct knowledge of ...
SVB CEO Becker addresses employees with 'heavy heart' in video (Reuters) Greg Becker, the chief executive of SVB Financial Group , sent a video message to employees acknowledging the "incredibly difficult" 48 hours leading up to the collapse of its Silicon Valley Bank on Friday.
Silicon Valley Bank failure could wipe out 'a whole generation of startups' (NPR) The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.
SVB Securities Management Exploring Buying Firm Back (Bloomberg) The managers of Silicon Valley Bank’s investment banking arm are exploring ways to buy the firm back from its parent, according to people familiar with the matter.
SVB Collapse Is 'Self-Inflicted Gunshot Wound' for Startups (Bank Info Security) One top venture capitalist says the sudden downfall of Silicon Valley Bank will make it harder for cybersecurity startups to get loans and credit lines. For
Silicon Valley Bank Collapse Leaves Tech Industry Scrambling For Answers (Crunchbase News) The unraveling at Silicon Valley Bank will have far-reaching implications for U.S. venture-backed startups, half of which did business at the bank, and the broader tech ecosystem. We follow the unfolding story.
Startups and VCs Scramble to Pay Employees After SVB’s Collapse (The Information) The sudden collapse of Silicon Valley Bank sowed panic at hundreds of startups and venture capital firms that banked there and now must seek new ways to pay employees and access funds from their investors and customers. Founders and VC firms, which also kept billions of dollars worth of assets ...
SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says (Bloomberg) Short seller Martin began tweeting about risks in January. Suspicions about loans drew him in; he found something else.
The Final Breaths of Silicon Valley Bank (The Information) Silicon Valley Bank wasn't just a bank—it was a central artery in the venture capital circulatory system. VC firms recruiting new partners would tell them SVB could set them up with a mortgage in a day. The bank wined and dined the industry in Napa. It sponsored numerous events across the ...
Summers Sees No Systemic Risk From SVB If Depositors Protected (Bloomberg) Former Treasury chief sees ‘element of overreaction’ in stocks. Summers says ‘going to be issues’ for regulators to look at.
Wall Street’s Favorite Trade Hammered in Bank Stock Meltdown (Bloomberg) Financial shares sink most since June 2020 amid rate concern. Bad news from SVB, Silvergate spills over to larger lenders.
How founders are reacting to Silicon Valley Bank’s collapse (TechCrunch) What happened to SVB? The ripple effect of SVB’s downfall is reverberating throughout the tech and startup sectors.
Silicon Valley Bank CEO Tells VC Clients to ‘Stay Calm’ (The Information) Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” amid concerns around a capital crunch that wiped nearly $10 billion off the bank’s market valuation. On a call, Becker said that “calls started coming and started panic.”He added that ...
Startup Bank Had a Startup Bank Run (Bloomberg) One problem for Silicon Valley Bank is that its customers had too much cash, and now they don’t.
SVB’s Auction Block Includes VC-Focused Lender, Wealth Unit (Bloomberg) FDIC seeks asset buyers as it looks to repay depositors. Failed lender’s startup client base may attract suitors.
The Demise of Silicon Valley Bank (Net Interest) The Rapid Collapse of the 16th Largest Bank in America
Silicon Valley Bank’s Swoon Should Really Scare Us (Bloomberg) The California-based lender to startups dropped 60% on Thursday, taking its far larger peers tumbling with it.
US Discusses Fund to Backstop Deposits If More Banks Fail (Bloomberg) FDIC, Fed weigh special vehicle after SVB swiftly collapses. Regulators are racing to stem the fallout for other banks.
SVB collapse to test Fed's faith in a strong, low-risk financial system (Reuters) Earlier this month the U.S. Federal Reserve in a report to Congress gave what has become a standard reassurance: Banks were strong and the overall financial system in solid shape.
3 Lessons From Silicon Valley Bank’s Failure (New York Times) Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.
Silicon Valley Bank imploded in a single day. It could just be the tip of the iceberg. (Markets Insider) It turns out getting easy money at rock-bottom interest rates can come back to bite you if you're careless. More firms are about to find that out.
Treasury, regulators unveil rescue for bank depositors (Politico) The collapse of the bank, which was seized by FDIC last week, has heightened fears of instability at small and mid-sized financial institutions.
Exclusive: PNC, RBC interest in SVB cools as regulators seek bids (Reuters) The FDIC has been trying to find a buyer after taking control of the collapsed Bank on Friday so that corporate clients that had their money frozen can meet their payroll obligations. But a deal on a tight timeline has proven to be hard.
Regional Banks Are Most Likely to Prevail in SVB Sale Process, Sources Say (The Information) Regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, people familiar with the matter said, as the Federal Deposit Insurance Corp. seeks a new buyer and sorts through the wreckage of the failed bank. The FDIC, which took over SVB on Friday, has sought ...
SVB UK holds $3 billion of venture capital-backed firms' funds, survey shows (Reuters) British start-ups backed by venture capital have around 2.5 billion pounds ($3 billion), largely in deposits, "locked" in Silicon Valley Bank's UK subsidiary, according to a weekend survey by an industry body seen by Reuters.
Bank of London submits proposal for SVB's UK arm (Reuters) Bank of London has tabled an offer to Silicon Valley Bank UK, SVB's subsidiary, the company said on Sunday, adding that it had sent the proposals to British authorities, including the Treasury and the Bank of England.
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday (Bloomberg) Final bids due, winner may only be known late Sunday. FDIC is racing to sell SVB assets before branches open Monday.
FDIC Races to Return Some Uninsured SVB Deposits Monday (Bloomberg) Initial payout depends on efforts to sell assets over weekend. Figures floated behind scenes range from 30% to 50% or more.
Silicon Valley Bank Closed by Regulators, FDIC Takes Control (Wall Street Journal) The tech-focused lender was seeking a buyer after scrapping a plan to shore up its finances through a capital raise.
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis (CNBC) The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.
Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday (Business Insider) Startup accelerator Y Combinator's CEO Garry Tan said 30% of his companies that banked with SVB wouldn't be able to pay their staff in 30 days.
Startups Seek to Raise Emergency Cash from VC Firms, Secondary Sales (The Information) As the weekend approached, startup founders with money stuck in Silicon Valley Bank rushed to sell secondary shares and enter financing deals to meet payroll and other needs, a sign of the desperate dash for funds set off by the abrupt collapse of the tech-centric bank. Many startup founders ...
SVB Draws Support From More Than 100 Venture Firms, Investors (Bloomberg) General Catalyst, Sequoia, others call bank ‘trusted partner’. Investors are appealing for invervention to help startups.
VC Firms Push for Relief to Avoid SVB-Linked Furloughs (The Information) The influential investors that back startups pushed for government action and took other emergency measures Sunday to avoid the growing threat of furloughs if startups with money tied up at Silicon Valley Bank can’t meet payroll this week. As the government auctioned Silicon Valley Bank’s ...
Silicon Valley Bank Collapse Sets Off Blame Game in Tech Industry (New York Times) The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
How Silicon Valley Turned on Silicon Valley Bank (Wall Street Journal) The fallout threatens to engulf the startup world—and has exposed a new set of vulnerabilities for the banking system.
SVB’s 44-Hour Collapse Was Rooted in Treasury Bets During Pandemic (Bloomberg) Largest bank failure since 2008 rooted in bad bets on rates. Leaders who recently showed confidence now seeking quick deal.
SVB’s Valley of Death (Puck) Assessing the reality of an historic 48 hours on Wall Street.
Explainer: What caused Silicon Valley Bank's failure? (Reuters) SVB Financial Group Inc's shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors.
SVB’s Failure Exposes Lurking Systemic Risk of Tech’s Money Machine (Bloomberg) Many private equity and venture capital firms found themselves facing the same counterparty risk, creating a frenetic weekend before federal intervention.
Inside Silicon Valley Bank’s collapse as chief begged tech giants not to panic (The Telegraph) Customers scrambled to pull their deposits in a bank run that sent shockwaves around the world
World markets set for aftershocks as SVB collapse ripples out (Reuters) Markets were set for a bumpy ride this week as the fallout from collapsed startup-focused lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the 2008 financial crisis, coincides with key economic data and policy meetings.
HSBC rescues British arm of stricken Silicon Valley Bank (Reuters) HSBC bought the UK arm of stricken Silicon Valley Bank for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse since the financial crash.
Statement on Silicon Valley Bank (Bank of England) The Bank of England (Bank), in consultation with the Prudential Regulation Authority (PRA), HM Treasury (HMT) and the Financial Conduct Authority (FCA), has taken the decision to sell Silicon Valley Bank UK Limited (‘SVBUK’), the UK subsidiary of the US bank, to HSBC UK Bank Plc (HSBC).
Transcript: Treasury Secretary Janet Yellen on "Face the Nation," March 12, 2023 (CBS News) The following is a transcript of an interview with Treasury Secretary Janet Yellen that aired on "Face the Nation" on Sunday, March 12, 2023.
After SVB failure, US guarantees all deposits to stem fallout (Reuters) U.S. officials stepped in to stem financial fallout from the failure of tech startup-focused Silicon Valley Bank , saying that all customers will have access to their deposits starting on Monday.
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC (U.S. Department of the Treasury) The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.
‘Banking system is safe’: Joe Biden reassures markets in address on Silicon Valley Bank collapse – live updates (the Guardian) Failure of bank last weak sparked fears of financial crisis, as US government announces plans to stabilize situation
Silicon Valley Bank collapse will not trigger new financial crisis, insists Sunak (The Telegraph) Prime Minister says there is 'no systemic contagion risk' following banking failure
In abrupt reversal, regulators to cover Silicon Valley Bank, Signature uninsured deposits (American Banker) The Treasury Department issued a "systemic risk exception" allowing it to cover uninsured deposits at SVB and Signature Bank, which New York State closed on Sunday.
US, UK try to stem fallout from Silicon Valley Bank collapse (AP NEWS) Governments in the UK and U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down.
One of Silicon Valley's top banks fails; assets are seized (AP NEWS) Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Netsurion Secures Top Honors for Managed Detection and Response and Threat Hunting in 2023 Cybersecurity Excellence Awards (GlobeNewswire News Room) Netsurion, a leading provider of Managed XDR, has been named a winner in three categories in...
CardinalOps Honored as Winner in 2023 Cybersecurity Excellence Awards (PR Newswire) CardinalOps, the detection posture management company, today announced that the 2023 Cybersecurity Excellence Awards have selected the...
TikTok’s Plan to Stay in the U.S. Could Pose a Threat—to U.S. Tech Companies (The Information) In a bid to avoid a U.S. ban, TikTok is embarking on a project to restructure its product and operations in the country. It plans to store local citizen data on local servers, create a domestic entity to house that data, comply with local legal and law enforcement requests for data, limit the ...
Camelot’s Offensive Approach To Cybersecurity (Camelot Secure360) Camelot’s Offensive Approach To Cybersecurity Makes Its Debut at The […]
authID® Completes New Financing Round and Announces New Directors (GlobeNewswire News Room) Financing intended to meet projected working capital requirements through Q1 2024.
The tech sector's go-to banks are getting squeezed on all sides (Quartz) A day after Silvergate Bank said it's closing, Silicon Valley Bank acknowledged problems of its own
Silicon Valley Bank Is Exploring a Sale, but a Big Bank Buyer Looks Unlikely (The Information) Bankers have been evaluating a potential sale of Silicon Valley Bank, according to a person familiar with the matter, though it’s unlikely a big bank would step forward as a potential suitor at this point to buy a troubled institution whose shareholders and customers are fleeing. Shares of SVB ...
Silicon Valley Bank’s Troubles Threaten a Key Bridge Between Chinese Startups and U.S. Investors (The Information) The panic over the status of Silicon Valley Bank intensified on Friday, as the stock of SVB’s parent fell another 66% in pre-trading hours. Meanwhile, anxieties spread to China overnight, prompting local venture capitalists and entrepreneurs to follow their U.S. counterparts and look for ...
SVB Races to Prevent Bank Run as Funds Advise Pulling Cash (Bloomberg) Founders Fund and others advise companies to limit exposure. Panic spreads in tech circles about bank’s financial situation.
SVB Stock Price Slides Another 68% Premarket (Wall Street Journal) Shares of SVB Financial Group were halted Friday after a sharp premarket selloff that came as the bank scrambled to raise fresh capital. Shares of SVB, the parent of Silicon Valley Bank, were halted due to pending news shortly after 8:30 a.m. ET, according to a...
Silicon Valley Bank: All the latest developments (Silicon Valley Business Journal) Here's the latest news concerning Silicon Valley Bank as it shores up its cash in the face of a rush on deposits.
Cybersecurity is a ‘resilient industry’ in spite of recession fears: CrowdStrike CEO (Yahoo Finance) CrowdStrike CEO George Kurtz says that cybersecurity should prove resilient in a recession.
Axis Named Most Innovative Cybersecurity Company at 2023 Cybersecurity Excellence Awards (PR Newswire) Axis announced today that it has won three gold awards at the 2023 Cybersecurity Excellence Awards. The company was recognized as the Most...
Tanium Sweeps 2023 Cybersecurity Excellence Awards (Business Wire) Industry leader recognized as winner in Best Cybersecurity Company, Most Innovative Cybersecurity Company, and Endpoint Security
Israeli Startups Could Face ‘Frozen’ Funding Environment Amid Political Turmoil (Crunchbase News) Tech leaders are alarmed about Prime Minister Benjamin Netanyahu's proposed reforms, which have raised questions about the industry's future.
Bishop Fox's Women Behind the Writing (Bishop Fox) Get to the know technical editorial team at Bishop Fox and learn about the criticality of clear, continuous, and consistent communication with customers.
CISA and Women in CyberSecurity Strengthen Partnership to Bridge Gender Gap in Cyber and Tech (Cybersecurity and Infrastructure Security Agency) Today, in recognition of International Women’s Day, the Cybersecurity and Infrastructure Security Agency (CISA) is pleased to announce the signing of a Memorandum of Understanding (MOU) with Women in CyberSecurity (WiCyS) in order to work even closer together to bridge the gender gap in cybersecurity.
Secured by Women: Why we’re celebrating brilliant women in cybersecurity (Lacework) Today, International Women’s Day, is a critical time to draw attention to the opportunities to bring visibility to more women in cybersecurity, but I’m proud to say Secured by Women will be an ongoing initiative that will extend far beyond Women’s History Month.
Fresh clouds for Darktrace as New York hedge fund claims concerns borne out (Evening Standard) Darktrace suffered another blow today after the New York-based investment business which earlier produced a short-seller report into the cybersecurity firm said its results failed to address its concerns.
E-Sign on the Dotted Line: OneSpan Emerging as an M&A Target (Bank Info Security) Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
Thoma Bravo's Offer 'Insultingly Low,' Magnet Investor Says (Law360) California-based hedge fund manager Nellore Capital Management LLC on Wednesday sent a public letter to the shareholders of cybersecurity company Magnet Forensics, saying that they were "practically being robbed" by Thoma Bravo's proposed CA$1.8 billion ($1.34 billion) take-private purchase of the company and urging them to vote against the deal.
Broadcom is confident it will close its purchase of VMware. Investors? Not so much. (Silicon Valley Business Journal) If you ask Broadcom's CEO or various analysts, its planned purchase of VMware is nearly a sure thing. Investors, though, don't see it that way.
Revelstoke Raises $20M in Series B Funding (FinSMEs) Revelstoke, a San Jose, CA-based provider of a Security Orchestration, Automation and Response (SOAR) platform, raised $20M in Series B funding
With fresh capital raise, Dallas cybersecurity firm looks to help organizations combat attacks (Dallas Business Journal) CEO and Founder of HacWare Tiffany Ricks wants to help micro- and mid-sized organizations protect themselves from ransomware attacks.
OpenAI Rival Anthropic Raises Funding at $4.1 Billion Valuation (The Information) Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic, one of the primary startup challengers to OpenAI, at a pre-investment valuation of $4.1 billion, according to two people familiar with the matter. The deal follows a $400 million investment in the ...
Socure Secures $95 Million Credit Facility with J.P. Morgan, Silicon Valley Bank and KeyBanc Capital Market (Business Wire) Socure, the leading provider of digital identity verification and fraud solutions, today announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets.
ActiveFence Acquires Rewire as it Builds the Next Generation of AI for Trust & Safety (PR Newswire) ActiveFence, whose mission is to protect online platforms and their users from malicious behavior and harmful content, today announced that it...
Products, Services, and Solutions
Tanium XEM Platform Brings Home the Gold in the 19th Annual 2023 Globee® Cybersecurity Awards (Business Wire) Converged endpoint management innovator wins again for vulnerability assessment, remediation, and management capabilities
Seraphic Security Takes Home Two 2023 Globee Cybersecurity Awards (Business Wire) Award recognizes company’s innovation in Browser Isolation, Cybersecurity Industry Solution categories
Axis' Atmos SSE Platform Named Best Security Service at 19th Annual 2023 Globee® Cybersecurity Awards (PR Newswire) Axis announced today that its Atmos Security Service Edge (SSE) platform has been named Best Security Service at 19th Annual 2023 Globee®...
NeoSystems Recognized as Industry-Leading Managed Service Provider by CRN (NeoSystems LLC) NeoSystems Recognized as Industry-Leading Managed Service Provider by CRN
OneWelcome Identity Platform Expansion in new USA Zone (Thales) Thales brings OneWelcome Identity Platform to new United States zone. European leader in CIAM, enables secure and frictionless digital journeys for their customers.
Google Selects Fastly Oblivious HTTP Relay for Privacy Sandbox Initiative to Enhance Online Privacy for Billions of Chrome Users (Business Wire) Fastly, Inc. (NYSE: FSLY), the world’s fastest global edge cloud platform, today announced it has entered into an agreement with Google LLC (NASDAQ: GOOGL) to operate an Oblivious HTTP Relay (OHTTP Relay) as part of FLEDGE, the Privacy Sandbox initiative to improve privacy while continuing to support tailored advertising.
Palo Alto Networks Leads the Industry to AI-Powered SASE (Palo Alto Networks) News Summary Palo Alto Networks today announced new capabilities to boost its single-vendor SASE solution enabling organizations to automate their increasingly complex IT and network operations...
CyberGRX Integrates with ServiceNow to Streamline Third-Party Cyber Risk Programs (Business Wire) Customers will now have access to CyberGRX’s extensive third-party risk datasets
RANE Launches New Cyber Intelligence Solution (GlobeNewswire News Room) Unique, strategic cyber intelligence provides value across operating teams...
Zscaler Extends CNAPP Capabilities with Integrated Data Loss Prevention and Threat Intelligence from the World’s Largest Security Cloud (GlobeNewswire News Room) Integration Provides Precise Understanding of Cloud Risk by Correlating Sensitive Data Discovery and Security Signals Across an Array of Security Products...
ThreatHunter.ai Launches Comprehensive FIVE EYES Solution to Revolutionize Cybersecurity (ACCESSWIRE News Room) ThreatHunter.ai is proud to announce the launch of its comprehensive FIVE EYES cybersecurity solution, designed to provide complete coverage and protection against all manner of threats BREA, CA / ACCESSWIRE / March 14, 2023 / Leading cybersecurity firm ThreatHunter.ai has announced the launch of its comprehensive FIVE EYES solution, a cutting-edge approach to cybersecurity that provides unparalleled protection to organizations. FIVE EYES
Motorola Solutions releases new Avigilon security suite to improve enterprise security (Help Net Security) The new Avigilon security suite from Motorola Solutions makes enterprise-grade physical security accessible to businesses of any size.
NordVPN makes its Meshnet private tunnel free for everyone (BleepingComputer) NordVPN's Meshnet private tunnel feature for Windows, macOS, and Linux is now free for everyone, even users who do not have a subscription to NordVPN.
Vaultree Launches Software Development Kit, Making Scalable Data-In-Use Encryption Generally Available to All Enterprises (Business Wire) This first-of-its-kind Fully Functional Data-In-Use Encryption toolkit will transform enterprise security
Zetron Awarded Cybersecurity Services Contract for Kansas Counties (PRWeb) Zetron, a global leader in integrated mission critical communications technology, announced today that the North Central Regional Planning Commission (NCRPC)
Datadobi and Climb Channel Solutions Launch StorageMAP File System Assessment Service (Datadobi) StorageMAP File System Assessment Service: providing needed insight into Customers’ Rapidly Growing Unstructured Data Storage Estate.
New Partnership Brings Forter’s Fraud Prevention Solution to Wix Merchants (Business Wire) Forter, the Trust Platform for digital commerce, today announced its partnership with Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage, and grow an online presence. The partnership delivers Forter’s accurate, real-time decisions to Wix merchants in certain countries — increasing their approval rates, reducing fraud and delivering superior customer experience.
Camozzi Group and Radiflow Announce Collaboration on Industrial Systems Cybersecurity (StartupHub.ai) Camozzi Group, a leading provider of Industrial Automation solutions, and Radiflow, part of Sabanci Holding and a global player in Industrial Cybersecurity and Operational Technology (OT), have announced a collaboration agreement to implement cybersecurity technologies across Camozzi’s production sites. The collaboration between Camozzi Group and Radiflow aims to strengthen the resilience and security of industrial […]
Semperis Joins Microsoft Intelligent Security Association, Expanding Collaboration to Combat Identity-Related Cyber Threats (Business Wire) Identity-first cybersecurity leader’s Directory Services Protector solution for Microsoft Sentinel, available in the Microsoft Azure Marketplace, provides seamless integration to bring critical cyber threats to the forefront in Sentinel views
Tanium Launches Certificate Manager and Expands XEM Platform with Enhanced Device and Policy Management (Tanium) Tanium today announced the release of its new certificate manager and enhanced policy management capabilities.
ThreatBlockr Partners with the Retail and Hospitality Industry on the 2023 RH-ISAC Regional Workshop Series in Atlanta - ThreatBlockr (ThreatBlockr) ThreatBlockr provides the RH-ISAC with unique insights and an interactive threat briefing session for all attendees Tysons Corner, VA, March 14, 2023 – Today, ThreatBlockr, the autonomous cyber intelligence and active threat defense platform, is partnering with The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) to sponsor the RH-ISAC Regional Workshop hosted by […]
Viakoo and Presidio Announce Partnership to Deliver Best-in-Class IoT/OT Enterprise Security (PR Newswire) Viakoo, the leader in IoT/OT vulnerability remediation, today announced a partnership with Presidio, a global digital services and solutions...
CyberArk Workforce Password Management Delivers Advanced Protections for Enterprise Users (Business Wire) New Capabilities for Securing Access to High-Risk, High-Value Business Applications Help Organizations Improve Security and Reduce Risk
ShorePoint, Inc. Awarded Zero Trust Architecture BPA from the Department of Education (Business Wire) ShorePoint Inc., a cybersecurity services company that protects customers’ critical assets from cyber threats, announced that the Department of Education (ED) has awarded the company a single-award Blanket Purchase Agreement (BPA), with a base and 4 optional ordering periods, to provide Zero Trust Architecture (ZTA) Program and Enterprise Services.
AvePoint Adds New Solutions to its FedRAMP (moderate) Authorization (GlobeNewswire News Room) Demonstrating its commitment to security for public sector customers, AvePoint continues to assess its solutions against high security standards...
Xage Security selected by Kinder Morgan to Cyber-Harden Critical Infrastructure (GlobeNewswire News Room) Xage Security teams up with one of the largest North American energy infrastructure companies to support cybersecurity resilience and digital...
Mobile Operator 2degrees adopts BroadForward's Signaling Transfer Point (STP), Firewall and Mobile Number Portability solution (PR Newswire) Following the successful deployment of the BroadForward DRA, New Zealand operator 2Degrees has gone live with the BroadForward STP. Deployment...
BIO-key and BeyondTrust Announce Integrated Partnership to Offer Identity-Bound Biometrics to Enhance Security for Privileged Remote Access (GlobeNewswire News Room) BIO-key International, Inc. (NASDAQ: BKYI) an innovative provider of Identity and Access Management (IAM)...
Microchip Expands its Secure Authentication IC Portfolio (GlobeNewswire News Room) Six new security-focused products aim to optimize and scale embedded security across a wide range of industries including IoT, consumer, industrial and...
Datadobi Introduces StorageMAP - The Future of Unstructured Data Management (Datadobi) Announcing the launch of StorageMAP, a new solution that provides a single pane of glass for organizations to manage unstructured data across their complete data storage estate. Built upon Datadobi’s best-in-class vendor-neutral unstructured data mobility engine, the software enables enterprises to visualize, organize, and act on their data in hybrid vendor and cloud environments. StorageMAP puts companies in control of their data’s cost, carbon footprint, risk, and value.
Radware Introduces a Next-Gen Cloud Application Security Center in Israel (GlobeNewswire News Room) Continues to deliver on global cloud security service expansion strategy...
Sophos improves cyberthreat defenses with endpoint security advancements (Help Net Security) Sophos endpoint security advancements improve protection and operational efficiency, as well as speed up detection and response.
ID-Pal expands into the United States with identity verification solution (News Direct) ID-Pal expands into the United States with identity verification solution
SentinelOne Expands Singularity Marketplace with new SOAR, Insider Threat, Training, and Prioritization Integrations (SentinelOne) Joint Solutions with Revelstoke, Fletch, Code42, and KnowBe4 Address Diverse XDR Use Cases
GrammaTech Makes Finding Vulnerabilities in Binaries Simpler (Security Boulevard) GrammaTech this week updated its CodeSentry software composition analysis (SCA) tool to make it simpler to identify specific types of vulnerabilities
ThreatBlockr and Engaged Security Partners help users prioritize breach prevention (Help Net Security) ThreatBlockr and Engaged Security Partners announced a partnership focusing on “left of boom” protection to bring enhanced breach prevention.
Avast Introduces Avast One Platinum (PR Newswire) Avast, a leading digital security and privacy brand of Gen™ (NASDAQ: GEN), today launched Avast One Platinum, the new premium tier of the...
New KnowBe4 SecurityCoach Integrates With SentinelOne's Singularity Platform (Yahoo Life) KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced a new integration between KnowBe4's SecurityCoach and SentinelOne's Singularity Platform. Together, these offerings reduce risky behavior with extended protection, detection and response and real-time security coaching.
Tenable Bolsters Tenable OT Security to Deliver the Broadest Coverage for Operational Technology and Industrial Control Systems (GlobeNewswire News Room) Updates to core functionality make it easier than ever for IT security teams to gain visibility, security and compliance for their OT environments...
NCC joins three-year cybersecurity partnership in Ireland (Morningstar) NCC Group PLC announced on Thursday a three-year cybersecurity partnership with HEAnet, Ireland's Education & Research Network.
Norwegian Public Welfare Agency Chooses Omada to Strengthen Identity Governance (PR Newswire) Omada A/S ("Omada"), a global leader of Identity Governance and Administration (IGA), today announced that the Norwegian Labor and Welfare...
Intrusion Partners with NetFoundry to Support the U.S. Federal Government’s Zero Trust Cybersecurity Standards (ACCESSWIRE News Room) Intrusion, Inc. (NASDAQ:INTZ) announced its partnership with NetFoundry, creator of the world's most used open source zero trust networking platform, to build a leading Zero Trust Network Access Solution. Intrusion Shield Endpoint helps businesses protect vital data - using zero trust architecture.
New infosec products of the week: March 10, 2023 (Help Net Security) The featured infosec products this week are from: 1Password, GrammaTech, Kensington, Palo Alto Networks, and Persona.
ThreatBlockr Announces Partnership with Engaged Security Partners (Business Wire) This strategic partnership highlights the importance of breach prevention and creating a proactive security culture
NordLocker is no longer in “beta”: A confident move to serverless architecture (GlobeNewswire News Room) NordLocker, an encrypted cloud storage provider, announced that after several years of intense development, it...
News: DNSFilter Integrates with Banyan Security to Bring Internet Threat Protection to Zero Trust Access (DNSFilter) Best-of-breed partnership combines world’s fastest DNS resolver with industry-leading remote access platform.
Axonius Adds SaaS Management Actions and Automations to Help Organizations Mitigate Risk and Optimize Spend (GlobeNewswire News Room) New capabilities designed to help organizations better control their SaaS security posture by providing greater visibility into SaaS applications in use...
Sophos Endpoint Security Advancements Improve Cyberthreat Defenses and Streamline Management (GlobeNewswire News Room) Introduces Adaptive Active Adversary Protection, Linux Malware Protection Enhancements, Account Health Check Capabilities, Integrated ZTNA Agent, and More...
Acalvio and Carahsoft Partner to Deliver Advanced Cyber Deception Technology to the Public Sector (Business Wire) Acalvio Technologies, the leader in cyber deception, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership.
Wiz enhances its industry leading data security solution with broader cloud data coverage and customizable platform capabilities (Wiz Blog) Wiz for DSPM, now generally available, helps customers reduce the time it takes to discover and fix cloud data exposure before it becomes a costly breach
Parsons Establishes Strategic Partnership with Microsoft, Accelerating the Digital Transformation of Global Infrastructure (GlobeNewswire News Room) Parsons Corporation (NYSE: PSN) announced today a new global strategic partnership with Microsoft to...
Palantir lands $99.6 mln deal with U.S. State Department (Reuters) Palantir Technologies Inc has won a contract to sell up to $99.6 million worth of software to the U.S. Department of State for monitoring the health of the diplomatic corps, the company told Reuters ahead of a Wednesday announcement.
Slack boosts AI capabilities with new ChatGPT app (Computerworld) ChatGPT for Slack enhances the collaboration tool's search capabilities, summarizes conversations, and will help you craft responses to co-workers.
Slack boosts AI capabilities with new ChatGPT app (Computerworld) ChatGPT for Slack enhances the collaboration tool's search capabilities, summarizes conversations, and will help you craft responses to co-workers.
SecurityScorecard Partners with The International Legal Technology Association (ILTA) to Create a Cyber Resilient Legal Community (Business Wire) Security Ratings, Response and Resilience Company Provides 25,000 ILTA members with 360-degree view of cyber risk exposure
HUB Security Launches a Confidential Computing Cyber Solution for the Insurance Industry (Yahoo Entertainment) Partners with Zurich-Based Virtual I Technologies Insurtech Player for Introducing the Solution on a Global Basis
ConductorOne Unveils Access Request Solution, Unifying the Access Control Experience for IT & Security Teams (PR Newswire) ConductorOne, Inc. announces their latest product, Access Requests, a first-of-its-kind solution that gives end users a simple way to request...
Xcitium Launches Zero Dwell - Trusted Security Advisory Community (GlobeNewswire News Room) Today, Xcitium, the cybersecurity industry's leading provider of state-of-the-art endpoint...
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SecurityScorecard Appoints Former U.S. Congressman John Katko as Senior Advisor (SecurityScorecard) Capitol Hill cybersecurity leader joins the company’s Cybersecurity Advisory Board to drive further adoption of security ratings in the public...
QuSecure Expands Experience of Executive Leadership Team as Post-Quantum Cybersecurity Market Rapidly Accelerates (Business Wire) Former Northrup Grumman, Raytheon and National Security Agency Executive Aaron Moore Named Executive Vice President and Head of Engineering
Zero Trust Pioneer John Kindervag Joins Traceable AI as an Advisor (PR Newswire) Traceable AI, the industry's leading API security company, today announced that John Kindervag, known for creating the Zero Trust Model for...
Code42 Appoints New Channel Leader to Drive ‘Channel-First’ Go-To-Market Strategy (Business Wire) Established SaaS executive Michael Guglielmi joins as Vice President of Channel Sales and Consulting Partners to lead Code42’s Accelerate channel partner program
Zscaler welcomes new global channel chief (Channel Asia) Zscaler has appointed Karl Soderlund as senior vice president of worldwide partners and alliances and will be responsible for “advancing and modernising” the vendor’s partner program.
Cybersecurity Technology Leader David Meltzer Joins Netography as Chief Product Officer (Business Wire) Company appoints new executive as it closes a year of record revenue and customer growth and kicks off a year of expanded innovation
NCC Group appoints new Global Capability Leader for Managed Services to help drive next chapter of strategy (Mynewsdesk) With a history of leading highly successful managed security services organisations at a global level, Doug Klotnia brings with him a wealth of industry...
Zscaler Poaches Palo Alto Networks Veteran To Lead All-Out Channel Charge: Exclusive (CRN) Zero-trust security powerhouse Zscaler has hired Palo Alto Networks’ channel veteran Karl Soderlund as its new top channel executive.
Censys Expands Executive Team Through Strategic Investments in Revenue and Sales (PR Newswire) Today, Censys, the leader in Attack Surface Management (ASM), announced three new executive leadership hires: Sarah Ashburn as Chief Revenue...
Conversant Group Hires Slate of Senior Leaders to Scale with Robust Customer Demand (PR Newswire) Conversant Group, an innovative provider of "Secure First" infrastructure and cybersecurity services, has hired four senior business leaders to...
