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AI is a data problem.
Now Cyera is raising up to $300M on a $1.5B valuation to secure itA cybersecurity startup called Cyera is betting that the next big challenge in enterprise data protection will be AI, and it’s raising a big round of funding as demand picks up for it.
Previous to this, Cyera — pronounced “Sierra” and headquartered in San Mateo and with roots in Israel — had raised a total of $160 million with its current $500 million valuation dating from last year.
Cyera, Coatue and Sequoia declined comment.
A source said that AI right now is a “huge driver” for business at Cyera.
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The U.S. National Security Agency has confirmed that hackers exploiting flaws in Ivanti’s widely used enterprise VPN appliance have targeted organizations across the U.S. defense sector.
Confirmation that the NSA is tracking these cyberattacks comes days after Mandiant reported that suspected Chinese espionage hackers have made “mass attempts” to exploit multiple vulnerabilities impacting Ivanti Connect Secure, the popular remote access VPN software used by thousands of corporations and large organizations worldwide.
Mandiant said earlier this week that the China-backed hackers tracked as a threat group it calls UNC5325 had targeted organizations across a variety of industries.
This includes the U.S. defense industrial base sector, a worldwide network of thousands of private sector organizations that provide equipment and services to the U.S. military, Mandiant said, citing earlier findings from security firm Volexity.
Akamai said in an analysis published last week that hackers are launching approximately 250,000 exploitation attempts each day and have targeted more than 1,000 customers.
After failing to find any, he — along with Roboflow’s head of machine learning Jacob Salowetz and Benedict — developed a platform from the ground up to let organizations build and train GenAI models within a secure compute environment.
“Arcee revolutionizes AI for highly regulated industries such as legal, healthcare, insurance and financial services,” McQuade said.
Contextual AI, for example, offers tools to tailor GenAI models — specifically large language models (LLMs) along the lines of OpenAI’s ChatGPT — to business use cases.
First, Arcee’s platform is end-to-end, employing an “adaptive” system for training, deploying and monitoring GenAI models.
This booming AI market, particularly in industry-specific solutions, positions Arcee uniquely as a standout player.
X, formerly Twitter, today announced support for passkeys, a new and more secure login method than traditional passwords, which will become an option for U.S. users on iOS devices.
Today we’re excited to launch Passkeys as a login option for our US-based users on iOS!
For instance, this January, the U.S. Securities and Exchange’s X account was hacked to share an unauthorized post regarding Bitcoin ETF approval.
In the days since Musk’s takeover of Twitter/X, the company removed another security measure that helped keep accounts secure when it announced last year that it would no longer support SMS 2FA for non-paying accounts.
However, the reality was that removing the security protection made Twitter less secure, as a result.
U.S. software giant Ivanti has confirmed that hackers are exploiting two critical-rated vulnerabilities affecting its widely-used corporate VPN appliance, but said that patches won’t be available until the end of the month.
Ivanti said the two vulnerabilities — tracked as CVE-2023-46805 and CVE-2024-21887 — were found in its Ivanti Connect Secure software.
Formerly known as Pulse Connect Secure, this is a remote access VPN solution that enables remote and mobile users to access corporate resources over the internet.
When TechCrunch asked why patches weren’t being made available immediately, Ivanti declined to comment.
Ivanti is urging that potentially impacted organizations prioritize following its mitigation guidance, and U.S. cybersecurity agency CISA has also published an advisory urging Ivanti Connect Secure to mitigate the two vulnerabilities immediately.
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