Plus: Hack the Box raises $55M
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Netskope has raised a $401M funding round from Morgan Stanley and other investors to provide zero-trust security software solutions. The round was oversubscribed, according to the company. More: - The company offers software that enables users to replace VPNs with zero-trust network access and unify their cybersecurity applications.
- Goldman Sachs Asset Management, CPP Investments, and Ontario Teachers' Pension Plan also participated in the round.
- The company says it has more than 2,400 total customers worldwide, including over 25 Fortune 100 companies.
- Since its inception in 2012, the company has raised $1.5B in funding.
- Netskope is based in Santa Clara, California.
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Microsoft has acquired data processing company Fungible for $190M. Fungible was previously mentioned for a potential sale to Meta. More: - The company aims to solve the inefficient execution of data-centric computations within server nodes by providing industry-leading DPU technology.
- A DPU is hardware designed to push processing tasks, security software, and network routing for data traffic.
- Microsoft aims to use this acquisition to offer multiple DPU solutions and advance its hardware technology.
- Fungible was founded in 2016 by a former Apple engineer.
- The company raised $300M in funding since its inception before this acquisition deal.
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A new VSCode security flaw has been tracked by researchers. The software is used by 70% of software developers worldwide. More: - Researchers found that they were able to create and use the logo, description, GitHub stats, and other key information from VSCode extensions.
- Once the fake extension is published, the more it's downloaded, the more believable it looks for developers who do not watch the difference between the fake and the original extension closely.
- This fake version was downloaded over 1,800 times in 48 hours.
- Besides the flaws that researchers found on their own, two suspicious extensions tracked as "API Generator Plugin" and "code-tester" were tracked.
- The two extensions could have enabled hackers to deploy man-in-the-middle cyberattacks and breach targets.
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Cybersecurity training startup Hack the Box has raised a $55M Growth funding round. The platform has over 1.3 million users. More: - Hack the Box is a training platform that enables its users to gain cybersecurity skills through different tutorials and challenges.
- Osage University Partners, Brighteye Ventures, and Marathon Venture Capital participated in the funding round.
- Organizations such as Toyota, Siemens, EA Sports, The New York University, and UCL have trained their staff in the platform.
- Founded in 2017, Hack the Box has raised over $60M since its inception.
- Hack the Box has 180 employees.
- The company is based in Kent, England.
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Cyberattacks surged 38% globally in 2021, according to a new report. Healthcare organizations saw the largest YoY increase in cyberattack volume out of all industries. More: - Q4 saw the most cyberattack, with 1,168 weekly attacks per organization.
- The most targeted sectors were:
- Education (2,314 cases),
- Government and military (1,661 cases), and
- Healthcare (1,463 cases).
- The report claims that hackers are targeting collaboration tools such as Slack, Teams, and Google Drive due to the vast amount of information they can steal.
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- Researchers have tracked the operators of the Kinsing Cryptojacking hacker group trying to gain access to Kubernetes systems.
- A new study has shown a new method that could be used to breach victims through a text-to-SQL model that deploys malicious code and runs DDoS attacks.
- Customers of Flying Blue, the loyalty program for Air France and KLM, have been breached. The announcement was made by the company, which stated that their data might have been stolen.
- The EU has established the revised NIS2 directive, legislation that is meant to help the EU improve its cybersecurity capabilities.
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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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