The U.S. has charged a Ukrainian hacker involved in the Raccoon Stealer hacking campaign. His extradition to the U.S. is expected to be completed soon. More: - The 26-year-old named Mark Solovsky was arrested in the Netherlands.
- The Raccoon stealer hacking campaign is a malware-as-a-service operation that was first tracked in 2019. The campaign has managed to steal login credentials, bank account details, phone numbers, email addresses, and other key details from more than 50 million individuals worldwide.
- This campaign was temporarily shut down, likely due to the arrest of Solosvky. Threat actors, however, have revived the campaign with a new update written in C++.
- Due to the high number of affected targets, the FBI has set up a special website where users can write their email and see if it shows up in the database of Raccoon Stealer.
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Google has paid over $50,000 in bounty rewards to the white-hat hackers who found numerous security flaws in the company's system. Among the 10 security flaws found, three were high-risk. More: - The most high-severity security flaw reported is tracked as CVE-2022-3652. This security flaw could allow hackers to disrupt the system by launching DDoS attacks. Google paid a $20,000 bounty reward to the researcher who found the flaw.
- Two other security flaws, CVE-2022-3653, and CVE-2022-3654, are also considered high-risk. The company paid a $17,000 reward to the researcher who found CVE-2022-3653, while the tech giant has not decided on a fee for the latter yet.
- Google also paid $1,000, $2,000, and $3,000 rewards for lower-level security bugs found by researchers. Some of them include: CVE-2022-3656,CVE-2022-3657,CVE-2022-3658, etc.
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The White House has announced its plan to roll out a 100-day cybersecurity sprint focusing on the chemical industry. The initiative follows similar efforts by the Biden administration to increase security in sectors such as water, pipeline, railway, and industry. More: - The initiative will be headed by the Cybersecurity and Infrastructure Security Agency in cooperation with the Chemical Sector Coordinating Council. The two will set up a new task force to implement the sprint.
- CISA stated that this initiative will use conclusions and lessons drawn from previous efforts in other sectors.
- The federal institution added that sprints in the industrial sectors, for example, led to 150 new measures being taken. CISA plans to encourage the chemical sector to adopt new cybersecurity performance goals, which can be based on the overall guideline that the institution plans to release sometime this week.
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PreVeil has raised a $20M Series C to provide end-to-end encrypted mail services to businesses. The platform is known for disabling access to the sent files for everyone except the receiver. More: - PreVeil aims to differentiate itself through its Zero-Trust approach, meaning that not even the company itself has access to the email data a user sends.
- The product helps 600 organizations and 30,000 users in the federal government improve their security, extract better data, create better reports, etc.
- PreVeil works with aerospace and defense companies to help them comply with federal government regulations such as CMMC, the NIST 800-171 standard, and International Traffic in Arms Regulation.
- The company's software solution is compatible with Gmail and Outlook.
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Perygee has raised a $4.75M Seed round to provide security for smart devices connected to the Internet of Things. The round brings the company's total funding to $6.35M. More: - Ballistic Ventures led the round, with participation from numerous angel investors.
- Through its platform, the company aims to make smart devices more efficient by unifying data, protecting assets, and automating mission-critical workflows.
- Perygee aims to differentiate itself by offering a 100% customizable platform, tackling the cybersecurity industry, which is expected to be worth $266B by 2030.
- John Donovan, the former CEO of AT&T Communications, will join the company as a board member.
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Quick Hits: - Get ahead of the holiday madness and gear up your influencer and affiliate strategy for success.*
- A new report shows that 81% of breaches happen due to weak password security.
- Microsoft has led a $12M funding round in Israeli startup Valence Security. The investment, deployed through the M12 venture fund, aims to boost growth for the SaaS application protection startup.
- Cloud-security startup Spyderbat has raised a $10M Series A led by NTTVC, with participation from Benhamou Global Ventures and LiveOak Venture Partners.
- Microsoft CEO Satya Nadella has stated that its cybersecurity products have had a 33% growth in use YoY. The rate outpaces the rest of the company's divisions, which have slumped so far in 2022.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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