Plus: Senhasegura raises $13M Series A to help organizations implement a zero-trust architecture
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Texas has banned state employees from using TikTok due to security concerns, according to Gov. Gregg Abbott. Texas becomes the fifth U.S. state to implement such a ban. More: - Abbott stated that TikTok collects data such as when, where, and how TikTok users conduct internet activity, offering this data later on to the Chinese government.
- The governor quotes a previous statement from company officials, which says that China-based employees have access to U.S. user data even though Bytedance, the parent company behind TikTok, has a base in the U.S.
- State authorities have until Jan. 15, 2023, to develop a model plan that would regulate the use of TikTok on personal devices by state employees.
- Texas joins Maryland, South Dakota, South Carolina, and Nebraska in banning the app for employees.
Zoom Out: - Former president Donald Trump had stated that he was considering banning the app altogether. Later on, it was reported that Microsoft might acquire the U.S. operations of TikTok, but the idea never came to fruition.
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A scammer group may have made $500M from investment scams in the last four years, according to a report. Researchers are tracking the group as CryptosLabs. More: - The group leaves messages on investment forums and runs advertising on social media in order to attract attention.
- CryptosLabs usually fakes its identity, having used so far at least 40 popular European brand names to mislead users into believing they were being presented with legitimate facts.
- Once the users clicked on the links they were sent, they would be told to fill out their information. In the next step, the victims would be contacted by phone by a call-center scammer pretending to be a personal manager from the investment division.
- They were asked to pay $210–315 as a deposit to start investing in different assets.
- Victims were lied to by being shown fake growth curves and stats to keep them investing.
- The group targeted only French-speaking victims in countries such as France, Luxembourg, and Belgium.
- Due to the popularity of these campaigns, researchers estimate the group may have made over $500M in just four years.
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Apple has announced multiple new security features for iMessage, iCloud, etc. The tech giant has rolled out encryption for most iCloud-compatible apps. More: - The company announced three new features.
- The first is iMessage Contact Key Verification, allowing users who face digital threats, such as journalists, human rights activists, and members of governments, to know when their conversations have been breached by an advanced threat actor.
- The second feature presented is security keys, a hardware-driven confirmation method that aims to make 2FA identity authentication safer. The company claims this feature is likely to be used more often by celebrities and people in public life.
- Apple's third feature is named Advanced Data Protection. This feature is meant to help keep most iCloud data safe even if someone manages to successfully breach a cloud service. The only major iCloud data categories that are not protected by this feature are iCloud Mail, Contacts, and Calendar. According to Apple, coverage for these apps may be implemented in the near-term future.
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Senhasegura raises $13M Series A to help organizations implement a zero-trust architecture. The cybersecurity startup is based in Brazil. More: - Senhasegura is a cybersecurity company that offers multiple products in verticals such as compliance, audit, risk management, etc. Its products target all industries.
- The company recently reached a deal with Brazil's largest national defense contractor and also claims that it has grown its customer base by 89%.
- Active in 55 different markets, it aims to use the new funding to accelerate product development and growth, prioritizing the North American and MENA regions.
- Graphene Ventures led this funding round.
- Senhasegura was founded in 2010.
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Protopia AI has raised a $6M Seed funding round to help clients access data without leaking it. The company is based in Austin, Texas. More: - Protopia AI creates encryption solutions, enabling companies to have access to data that does not contain personal information. This leaves customers with clean data sets that they can use to train their AI models.
- The company believes that its solution will help avoid a significant downside that Artificial Intelligence currently has, which is that its progress comes at the expense of customer data.
- ATX Venture Partners led the funding round with participation from Galaxy Interactive, Silverton Partners, and DNX Ventures.
- Founded in 2020, the company has 20 employees and has raised $8M so far.
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- Australia is planning to develop and implement a new national cybersecurity strategy. The country has likely made the decision as a response to the recent hacking campaigns that affected the country's largest telecom companies.
- A new security flaw named Aikido could allow hackers to turn security detection software into wipers that could delete almost any file in a system.
- Federal Energy Regulatory Commission Chairman Richard Glick stated that he is in favor of updating the cybersecurity legislation for the energy industry in the U.S. so that the country can be better prepared against any possible threats.
- North Korea-based hacker group APT-37 is using a zero-day security flaw to breach Internet Explorer. The group uses infected Office files to get to the main target.
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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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