The developer of several stalkerware apps, such as Easy Spy and Auto Forward, has been fined $400,000 and has been ordered to modify the apps. More: - Patrick Hinchy, through his companies, has developed 16 different apps that have spying capabilities. These apps are:
- Auto Forward,
- Easy Spy,
- DDI Utilities,
- Highster Mobile,
- PhoneSpector,
- Surepoint,
- TurboSpy, etc.
- Although Hinchy promoted the software as legal, it required users to install it on other adults’ mobile devices, which breaks federal and New York state laws.
- Hinchy’s companies must modify the apps so that the owner of the device being monitored is notified.
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European law enforcement has arrested hackers who were using the encrypted communication app Exclu to organize their illegal hacking campaigns. The hackers were based in the Netherlands and Belgium. More: - Law authorities arrested 45 individuals across the region.
- The police searched 79 locations, seizing $5.5M in cash, 300,000 ecstasy tablets, 20 firearms, and 200 phones.
- Exclu is an encrypted messaging app that enables users to exchange messages, photos, notes, voice memos, chat conversations, and videos.
- The investigation regarding this case began as early as 2020 by German law authorities.
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Build38 has raised a $13.9M Series A funding round to offer cybersecurity services for mobile apps. The company is based in Munich, Germany. More: - Tikehau Capital’s European Cybersecurity Growth Fund led the funding round, with participation from existing investors eCAPITAL Entrepreneurial Partners and Caixa Capital Risc.
- The company offers several products, including The Trusted Application Kit. The latter is a platform that serves as a plug-in used to protect an app that is in its development stage.
- This solution can be integrated with both iOS and Android.
- Since its inception in 2019, the company has raised over $17M.
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A new report shows that the U.K.'s largest banks are vulnerable to severe cybersecurity breaches. Banks were ranked based on login, navigation and logout, account management, and encryption. More: - The report claims that even though the listed banks have enough resources, they are still prone to:
- No blocking for weak passwords,
- Sending one-time passcodes and other sensitive information via SMS,
- Not logging out customers out after five minutes of inactivity,
- Allowing access to accounts from multiple web browsers at the same time, and
- Sending customer notifications containing a web link or phone number, which look like phishing messages.
- Only six of the largest banks in the U.K. offer confirmation of payee, a method used to confirm account details.
- Starling ranked first, while Virgin Money ranked last in terms of security.
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Riot has raised a $12M Series A funding round to help companies train their staff to protect themselves from cyber-attacks. The company has raised funds from investors such as Y-Combinator. More: - Riot offers a chatbot called Albert. Employees use the chatbot to ask questions regarding cybersecurity and receive answers.
- This chatbot is available on Slack, Microsoft Teams, or through a web interface.
- Riot's platform is used by companies such as Y-Combinator, Deel, Le Monde, etc.
- The company has surpassed $2M in revenue.
- Base10 led the funding round.
- The company is based in Paris, France.
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- Webacy, a startup that aims to make self-custodial wallets more secure, has closed a $4M seed funding round led by Web3 investment firm gmjp.
- A Linux variant of the Clop Ransomware had a flaw that allowed victims to decrypt files infected by the ransomware, according to a report.
- The administrators of OpenSSH have patched several security flaws, including CVE-2023-25136. The latter could enable hackers to remotely execute arbitrary code.
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- March 02 - AI Quality Workshop: Driving ML Performance and Trustworthiness (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. | |
Fingerprint is the premier device identity platform for high-scale applications. | |
Hey data scientists! Join this free workshop on ML model performance & explainability. Register here. | |
