Plus: Laika, growing 1000% YoY, raises $50M Series C to help companies with compliance
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Medibank says REvil ransomware group has leaked the customer data it stole from a breach weeks ago. The group may have stolen Medibank customers' private details and health data. More: - Medibank said that there's no evidence the cybercriminals have gained access to financial information, health claims data for extras services like dental, physio, optical, and psychology, or primary identity documents.
- The leaked information, however, includes names, addresses, dates of birth, phone numbers, email addresses, Medicare numbers for ahm customers (not expiry dates), passport numbers, etc.
- Medibank has reiterated that it does not want to pay ransom to the group.
- The company is one of the largest Australian healthcare companies, with millions of customers using its services. REvil group has likely stolen the data of nearly 10 million of those customers during this cyberattack.
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Google has paid $45,000 worth of bounties to security researchers who found 10 new security flaws. Out of the 10 flaws, six are considered highly risky. More: - The flaw with the highest severity rankings is CVE-2022-3885, a bug that affects the V8 open-source JavaScript and WebAssembly engine. The security researcher who found this flaw was paid $21,000.
- Another flaw tracked is CVE-2022-3886. This flaw affected Chrome’s speech recognition component. The researcher who found this bug was handed a $10,000 bug bounty.
- Other flaws that had a lower severity ranking were CVE-2022-3889 and CVE-2022-3890. These bugs were related to V8 engine and Crashpad errors.
- The company has yet to pay for two major security bugs found.
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Japan has joined NATO's Cooperative Cyber Defence Centre of Excellence, an important NATO cybersecurity agency. The move could signal a shift in foreign policy and in the approach toward international cyber cooperation. More: - Japan will join other non-NATO members, such as Australia and South Korea, as contributing participants.
- The G7 country officially announced its plans to join the agency in 2016 and has actively participated in meetings and cyber-war simulation exercises. The country participated in last year's "Locked Shields" exercise.
- The CCDCOE is based in Estonia, a country that has become the go-to example for countries that have developed cyber capabilities that exceed their demographic capacity. The country was famously hit by a Russia-backed hacking campaign in 2007. CCDCOE was established and recognized as a military institution shortly after in 2008.
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Laika has raised a $50M Series C funding round to help companies comply with security regulations. The company claims its active user base has grown 1000% YoY. More: - Laika aims to make regulation compliance for tech companies simple by offering an automated platform that checks for irregularities in compliance but also offers auditing, pen testing, and advice. Laika offers help for regulatory frameworks such as:
- SOC 2,
- ISO 27001,
- GDPR,
- HIPAA.
- The company says 87% of its clients choose the paid subscription plan that includes the abovementioned IT audits.
- Laika claims that, on average, its customers achieve 60% faster SOC 2 audits and complete audits in weeks, much faster than the industry standard.
- Laika has grown its staff by 50% so far in 2022, a factor that has helped the company reach more users than ever before, according to the company.
- This Series C round was led by Fin Capital with participation from Centana Growth Partners, J.P. Morgan Growth Equity Partners, Canapi, and ThirdPrime.
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Fordefi has raised an $18M Seed funding round to bring institutional-grade security to crypto wallets and enable safe transactions on the blockchain. The company offers users a browser extension that aims to make the user experience as easy as possible. More: - The company aims to solve the issues of transaction security and transaction transparency in the cryptocurrency sector.
- Fordefi believes that one of its strongest points that will differentiate it from others is the fact that it uses MPC (multiparty computation), meaning it distributes a user’s private keys while still allowing them to connect with Dapps.
- Another selling point for the company is the fact that it helps its customers audit smart contract transactions and asses their safety level.
- The round was led by Lightspeed Venture Partners, with participation from Pantera Capital, Jump Crypto, PayPal Alumni, and DeFiance Capital.
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- An updated variant of a malware loader named IceXLoader is believed to have infected thousands of users globally.
- Russia-backed hacker group APT-29 is attacking European diplomatic institutions using a Windows feature named Credential Roaming. The flaw could allow hackers to gain login credentials.
- The Interplanetary Filesystem, a networking system known for resistance toward shutdowns from both public and illicit actors, is being used to deploy phishing attacks that are targeting thousands of victims.
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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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