Plus: Cygnvs raises $55M to let companies safely store their data in a separate environment
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The FBI has confirmed in a statement that the North Korean hacker group Lazarus Group stole $100M from the Harmony protocol in a 2022 cyberattack. The FBI has published several wallet addresses where the stolen funds were held. More: - Harmony is a bridge protocol used by cryptocurrency company Horizon. This technology is mainly used as a blockchain platform for peer-to-peer lending.
- In June 2022, Horizon announced that unknown threat actors had stolen $100M worth of cryptocurrency from its platform.
- The FBI has now confirmed that Lazarus Group is behind this breach. According to the bureau, hackers converted a portion of the stolen cryptocurrencies into Bitcoin and Ethereum.
- The threat actors moved the now-frozen assets to the following addresses:
- 1BK769SseNefb6fe9QuFEi8W4KGbtP8gi3
- 15FcqYRbwh2JsRUyBjvZ4jJ2XAD3pycGch
- 1HwSof6jnbMFpfrRRa2jvydYdopkkGB4Sn
- 15emeZ7buVegqhYh9PekH7cwFEJcCeVNpS
- 3MSbCJCYtx5sj1nkzD4AMEhhvvviXBc8XJ
- 17Z79rZpkk8kUiJseg5aELwYKaoLnirMUn
- bc1qp2vvntdedxw4xwtyd4y3gc2t9ufk6pwz2ga4ge
- 3P9WebHkiDxCi8LDXiRQp8atNEagcQeRA3
- 37fnBxofDeph2fpBZxZKypNkwdXAt9nT6F
- 185NxhFAmKZrdwn9rVga3kqbvDP4FkbTNw
- 12283Cq1pJ3f1gXwqi6K3bRf5LZb8Bkm6g
Zoom Out: - Lazarus Group is known for breaching cryptocurrency companies. The group is responsible for stealing $625M from Axie Infinity, a popular cryptocurrency-based game. This attack is the largest in the history of the cryptocurrency industry.
- Stolen funds from North Korea-backed hacker groups are believed to be used by the North Korean government to support its various military operations.
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Yahoo was the most impersonated brand by hackers in Q4 2022, a new report shows. 20% of all phishing attempts tracked by researchers falsely used the brand. More: - According to the report, hackers sent emails claiming that the recipients had won hundreds of thousands of dollars from various campaigns that Yahoo had organized.
- After acquiring the victim's personal information, the threat actors instructed the recipients not to share that they had won this money with others due to legal reasons.
- DHL, which was the most impersonated company in Q3 2022, dropped to second place.
- The rest of the top 10 most impersonated brands were:
- Microsoft,
- Google,
- LinkedIn,
- Wetransfer,
- Netflix,
- FedEx
- HSBC, and
- WhatsApp.
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 A message from LACEWORK Discover cloud insights and harden your security posture In the latest installment of the Cloud Threat Report series, Lacework Labs covers the significant increase in efficiencies used by cybercriminals. Get insights into these trends that cover how: - Attackers are automating key discovery and exploits, taking advantage of momentary mistakes
- Simple mistakes turn into misconfigurations that attackers use to compromise your cloud identity infrastructure
- Vulnerabilities continue to stick around for months (sometimes even years) and attackers quickly exploit any new vulnerabilities
- Cryptojacking continues to be a staple in cybercriminal tool belts
Discover detailed intelligence about ongoing infrastructure compromise activities and best practices for hardening your cloud security posture. Read the Lacework Labs Cloud Threat Report, Vol. 4 today. get the report
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The demand for cybersecurity professionals continues to be high, according to recent reports. There were 1.1 million cybersecurity professionals working in the U.S. market in 2022. More: - The cybersecurity industry has continued to resist the downward economic trend over the last 12 months.
- The number of online job postings for cybersecurity dropped slightly to 755,743 from 769,736 in the 12 months ending in December 2022.
- According to the report, almost every month in 2022 was a record-breaking month in terms of demand for cybersecurity services.
- In order to fill the skill gap in the cybersecurity industry, there need to be 530,000 more cybersecurity workers in the U.S.
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Cygnvs has raised a $55M funding round from Andreessen Horowitz to enable companies to create and implement cybersecurity strategies within minutes. The company is based in Los Angeles. More: - Cygnvs claims that while most companies have a cybersecurity strategy set in place, once they are breached, that plan goes down along with the rest of the company's digital infrastructure.
- To solve this problem, the company offers the Crisis Operating System platform. This software solution holds all the essential information in a separate environment from the servers where the day-to-day data is stored.
- If a company is breached, it can easily access the information it needs to proceed.
- Cygnvs claims to work with several cyber insurance companies to offer the product as a no-cost benefit.
- The platform is available in English, French, Spanish, German, and Japanese.
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Snyk has raised a $25M funding round to help developers find security vulnerabilities in their code. Snyk's platform is used by companies such as Google and Salesforce. More: - Using Snyk's platform, developers can detect whether their project has any code bugs that may lead to security risks and their severity ranking and whether their project uses external components with the correct license. It also enables them to make other code modifications.
- Snyk was valued at $7B during its previous funding round in December 2022.
- Service Now provided the funding in addition to announcing that it is integrating Snyk's platform with its own.
- ServiceNow offers a cloud platform that enables companies to provide enterprises to manage their teams, provide customer support, help with new hires, etc.
- The company is publically listed on the New York Stock Exchange and had $4.15B in revenue in 2020.
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- TA444 APT hacker group has been tracked operating a credential harvesting campaign using phishing. The links are sent to LinkedIn users in an attempt to lure them to click on fake job openings.
- U.K.-based digital asset recovery company Asset Reality has raised a $4.91M Seed funding round led by Framework Ventures, with participation from TechStars, The Fund, and SGH Capital.
- DataCore Software, a Florida-based company that enables users to back up their data and protect it from cyberattacks, has acquired U.K.-based Object Matrix. The latter offers cloud-based storage software solutions for media companies.
- California-based Propelo, a company that helps diagnose bugs and helps developers make their coding more efficient, has been acquired by software efficiency platform Harness for an undisclosed amount.
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Upcoming events at Inside: - January 25 - Quantum Miami '23 (Register Here)
- January 26 - Growth Experimentation Workshop: From Strategy to Process by GrowthHackers.com (Register Here)
- January 29 - Inside Interview with Lacework - 4 Common Attack Paths in Cloud Security (Register Here)
- January 30 - Inside Coffee Break (Register Here)
- January 31 - Inside Startups Coffee Break (Register Here)
- April 18 - Human Resources Summit'23 (Register Here)
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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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