KYC, or “Know Your Customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who…
Category: Security News | TechCrunch
LoanDepot hit by suspected ransomware attack
Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.” The Irvine, Calif.-based company said in a brief statement on its cybersecurity incident page…
SentinelOne acquires Peak XV-backed PingSafe for over $100 million
SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI…
Law firm that handles data breaches was hit by data breach
An international law firm that works with companies affected by security incidents has experienced its own cyberattack that exposed the sensitive health information of hundreds of thousands of data breach victims. San Francisco-based Orrick, Herrington & Sutcliffe said last week…
Software supply chain security remains a challenge for most enterprises
Log4j, maybe more than any other security issue in recent years, thrust software supply chain security into the limelight, with even the White House weighing in. But even though virtually every technology executive is at least aware of the importance…
Crypto losses declined over 50% in 2023
The total amount “lost” during 2023 from security incidents was almost $2 billion. © 2023 TechCrunch. All rights reserved. For personal use only. This article has been indexed from Security News | TechCrunch Read the original article: Crypto losses declined…
23andMe tells victims it’s their fault that their data was breached
Facing more than 30 lawsuits from victims of its massive data breach, 23andMe is now deflecting the blame to the victims themselves in an attempt to absolve itself from any responsibility, according to a letter sent to a group of…
Cloud-native cybersecurity startup Aqua Security raises $60M and remains a unicorn
Aqua Security, an Israeli cybersecurity startup that helps companies protect their cloud services, has raised $60 million in funding, extending its previously announced $135 million Series E round of funding to $195 million. Founded in 2015, Tel Aviv- and Boston-based…
It’s not all doom and gloom: When cybersecurity gave us hope in 2023
A funny — but true — joke at TechCrunch is that the security desk might as well be called the Department of Bad News, since, well, have you seen what we’ve covered of late? There is a never-ending supply of…
2023 showed cybersecurity isn’t immune from brutal layoffs
Despite a rise in cyberattacks and breaches, the cybersecurity industry is by no means exempt from the uncertainty inspired by the current economy. 2023 will likely be remembered as the “year of the layoff.” While many expected the tide to…