Plus: Darktrace raises profit forecast
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 Russia has fined Google $358M for failing to restrict information and content that is banned by law. The decision was made by a Russian court in Moscow. More: - Russia claims that Google and its subsidiary YouTube did not take content down even after the Russian government asked them to do so multiple times.
- The content is related to the war in Ukraine, as Russia claims Google shows content that is considered propaganda and pro-extremism.
- Google's Russian subsidiary, Google LLC, filed for bankruptcy in May after a series of hefty fines and asset confiscations.
Zoom Out: - Apps such as Instagram and Facebook have been banned by the Russian government for numerous days due to what the Russian government calls pro-Ukraine propaganda.
- Russia also hit the live streaming platform Twitch with a similar fine last week.
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 The FBI is warning of hackers building fake cryptocurrency apps. This hacking campaign has managed to breach over 244 victims so far. More: - These attacks began as early as Dec. 2021, when hackers managed to steal at least $3.7M from their victims, as they are mainly targeting investors.
- The threat actors used phishing as a vector, convincing targets to download the fake app and enter their payment information. The hackers used government institution logos to make the apps look more believable.
- This hacking campaign continued throughout the last two years, resulting in numerous other scams that led to users losing over $10M.
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 A message from SECURITY COMPASS The top challenges companies encounter when implementing DevSecOps are budget constraints and managing legal, regulatory & compliance controls. These challenges, along with the time it takes to create software applications while documenting AppSec processes along the way, have resulted in very high interest for automating proactive security and compliance processes. The need to build software with security by design, and in so doing to shift security left, is broadly accepted as one of the top priorities among mid-market-sized companies that produce software. These companies struggle to proactively define security for new software under development alongside an inability to document and track implemented controls in reasonable time periods. In this report you will learn: - a comprehensive look at the current state of AppSec
- security maturity in the mid-market
- the challenges and opportunities growing companies face when trying to scale their secure development efforts
Download the report
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 Researchers have tracked new spyware targeting Apple users named CloudMensis. The spyware uses cloud services such as pCloud, Yandex Disk, and Dropbox. More: - The spyware deletes traces of its exploitation by taking advantage of multiple Safari browser bugs.
- CloudMensis overrides Apple's TCC security protocol as well as CVE-2020-9934, enabling the hacker to capture screenshots, access call logs, gain remote control, etc.
- Apple has acknowledged the fact that a hacking campaign is affecting its users, with the company recently announcing its lockdown mode feature as a countermeasure.
- The spyware was tracked by a research company in Slovakia, while Apple did not specifically address the issue.
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 British cybersecurity company Darktrace Plc has stated that it is raising its profit margin forecast to about 19.5%. The decision comes as companies are investing more in cybersecurity due to recent world events. More: - Darktrace has credited remote work and the war in Ukraine as the two main factors for the fact that companies are spending more on cybersecurity.
- The company had $281M in revenue in 2021, while it stated that it expects to have $477M in revenue in 2022.
- Darktrace has added over 500 customers, including blue-chip names such as McLaren and Anheuser-Busch InBev.
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 A message from ADOBE MARKETO Gauge the strength of your account-based marketing Eighty percent of B2B buyers use digital channels even when talking to sales. If your marketing and sales channels are aligned, it’s not a problem — but what if they are not? Assess the strength of your current account-based marketing (ABM) program with our worksheet, and learn how improving it can deliver serious results. Learn about the four dimensions of ABM maturity: - Customer journey insights
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 Umami announced that it has raised a $1.5M pre-Seed funding round. The funding round was led by Race Capital. More: - Umami is an open-source analytics platform created by three brothers who are based in the U.S.
- The company aims to differentiate itself by claiming that it respects privacy rules more than other competitors, such as Google Analytics.
- Umami does not collect cookies, unlike most similar platforms that offer this service. The product can still track users' time spent on a platform, page per session, source of traffic, bounce rate, etc.
- The company claims its product is the fastest growing open source privacy-related product in the world and has over 4.8 million downloads on GitHub.
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Quick Hits: - Ransomware attacks grew by 485% in 2020. This multi-pronged approach can help organizations respond to and recover from ransomware attacks.*
- Researchers have discovered a new attack through which a hacker can overcome the fact that some computers don't have wireless connections and still execute an over-the-air breach.
- Google has removed several apps from the Play Store that were found to be infecting users with malware, such as Joker and FaceStealer. The company has struggled with malicious apps recently, having removed others that were able to steal user identities on multiple occasions.
- Researchers claim that most companies are failing to adapt to new bugs that were found capable of breaching AMD and Intel chips.
- How's your current digital marketing strategy? Make it even stronger with our new interactive worksheet.*
*This is a sponsored post.
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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 Ford. | |
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