raises
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Deepfake technology has emerged as a pressing concern in the lead up to the 2024 U.S. elections, with the potential to disrupt not only the political landscape but also the financial sector. Recent research from Regula highlights the rise in deepfake-related fraud, estimating that it costs the financial industry an average of $600,000 per company.
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After leveraging numerous initial attack vectors, including vulnerability exploitation and DNS poisoning, to infiltrate targeted networks, Evasive Panda proceeds with the distribution of the MgBot and Nightdoor payloads, with the former leveraged to deploy 10 CloudScout modules, three of which target Google Drive, Gmail, and Microsoft Outlook, according to an analysis from ESET.
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Zenity announced they have received $38 million in Series B funding co-led by Third Point Ventures and DTCP, pushing the total capital raised to over $55 million.
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Cosmos Hub, a prominent decentralized project, finds itself embroiled in controversy amidst revelations that the development of its Liquid Staking Module (LSM) may have involved specialists from North Korea. Previously hailed as a significant advancement, the LSM allows participants to engage in financial operations without relinquishing their staking rewards. However, concerns have arisen regarding potential…
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Cybersecurity firm Armis Security closed a $200 million Series D led by Alkeon Capital and General Catalyst.
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Armis announced the close of a $200 million Series D round of investment, increasing its total company valuation to a new high of $4.2 billion.
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Filigran announces the completion of its $35 million Series B fundraise, led by global software investor Insight Partners, with continued support from existing investors Accel and Moonfire.
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Venom: The Last Dance may be one of those “You just had to be there” experiences. It feels cluttered, confused, and yet remarkably inconsequential. We’re told that the entire universe is at stake in this story, and yet nothing in the movie feels particularly threatening or even meaningful. So many different threads, ideas, and characters…
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Paris, (APP – UrduPoint / Pakistan Point News – 26th Oct, 2024) The deployment of North Korean troops to help Russia in its war against Ukraine is unlikely to have a significant impact on the fighting on the ground but could affect security interests in Asia, Europe, and elsewhere, analysts said.
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Artificial Intelligence & Machine Learning , Cloud Security , Next-Generation Technologies & Secure Development
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Stream.Security closed a $30 million Series B funding round led by U.S. Venture Partners, with participation from new investors, Citi Ventures, and existing investors, Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners VC. This new round of funding brings the total investment in Stream.Security to $55 million.
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The European Union’s NIS2 cyber security directive has significant implications for African businesses trading with the continent. This is according to Check Point Software Technologies (www.CheckPoint.com), a leading AI-powered cloud-delivered cyber security provider, which urges African businesses with strong ties to the EU to take steps to comply with this new, stringent cyber security regulation.
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Today, Authologic, a global digital identity verification platform that streamlines KYC and AML processes with secure e-ID solutions, announced it has raised $8.2 million Series A.
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UL’s new offering “assesses AI model transparency, which is the ability to understand how an AI system makes decisions and produces specific results,” said the company’s news release. “By examining key areas such as data management, model development, security, deployment, and ethical considerations, the benchmark provides a clear and objective rating of an AI system’s…
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MELIUS Cyber, a Newcastle-based company whose platform helps businesses to detect cyber risks within hours, has raised a further £500,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia.
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watchTowr announced a $19 million Series A funding round led by Peak XV, formerly known as Sequoia India & Southeast Asia, with repeat participation from Prosus Ventures and Cercano Management.
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Fraud Management & Cybercrime , Fraud Risk Management , Social Engineering
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An evaluation of biometric identity verification technologies recently conducted by the U.S. General Services Administration assessed their accuracy, both overall and for the many demographic groups that will be expected to use Login.gov for access to government services. The setup of the evaluation has raised questions, however, in particular about the limited number of vendors…