Plus: Britive raises $20.5M to help companies improve their cloud security
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TikTok CEO Shou Zi Chew testified in front of the U.S. Congress in an effort to convince lawmakers that the company will protect U.S. citizens' data. The testimony lasted more than five hours. More: - U.S. legislators stated that privacy concerns regarding the use of TikTok by U.S. citizens have unified the Democratic and Republican representatives.
- When asked about the ties that the social media app has with the Chinese Communist Party, Chew stated that the app does not share data with the CCP.
- He added that the company doesn't ask employees about their party affiliations in China but added that the CEO of TikTok's parent company, ByteDance, is not a member of the party.
- Chew was asked about Project Texas, a proposal that would see it store all data in the U.S. under Oracle's server technology.
- According to the company's CEO, all U.S. citizen data will be deleted from TikTok's servers by the end of 2023.
- Chew also mentioned the Cambridge Analytica scandal as an example of American companies not being entirely transparent with the data of U.S. citizens.
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A bug that affected over 500,000 websites has been patched. The flaw could enable hackers to gain unauthorized access to websites. More: - The issue could enable hackers to gain administrator credentials and control a targeted website.
- Researchers believe that the vulnerability has not been exploited, but they expect that the methodology will be used to create the malware.
- WooCommerce announced that it would shut down the WooPay beta program due to security concerns regarding its payment checkout service.
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The U.K. Parliament has banned the use of TikTok on its network. Parliament members will still be able to access the social media app on their personal devices. More: - Public officials from the U.K. Parliament stated that cybersecurity is a priority for the country and that the decision would help keep the institution safe from cybersecurity risks.
- TikTok stated that the decision is misguided and based on fundamental misconceptions about TikTok.
- The company claims that it is actively working on storing U.K. user data in its European data centers as a way of reassuring U.K. legislators.
Zoom Out: - In 2022, TikTok stated that certain company members in China could access European user data in specific cases where the company thinks it should do so.
- Earlier this year, the French data protection authority CNIL hit the social media company with a $5.3M fine.
- In 2022, the British Information Commissioner’s Office announced its plan to fine TikTok $33M for breaking data protection laws.
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Britive has raised a $20.5M Series B funding round to help companies improve their cloud security. The company has worked with Toyota, GAP, lululemon, etc. More: - Britive is a cloud-native platform for automating multi-cloud privilege identity management across data, infrastructure, and applications.
- The platform provides a unified access management and policy enforcement platform for a client's cloud infrastructure and platform services.
- The company claims that its annual recurring revenue has surpassed seven figures and that it works with several Fortune 500 clients.
- Some of the companies Britive has worked with are:
- GAP,
- Forbes,
- Toyota,
- lululemon,
- Reltio,
- Observe,
- Nayya, etc.
- The funding round was led by Pelion Venture Partners with participation from Liberty Global Ventures, Crosslink Capital, and One Way Ventures.
- Since its inception in 2018, the company has raised $35M.
- Britive is based in Los Angeles.
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Dope Security has raised $16M to enable companies to browse safely using its web gateway solution. Google Ventures led the funding round. More: - The company's endpoint-based web gateway runs on a company's devices connected to its network, such as computers and mobile phones.
- Dope Security claims that this method makes it safer for the client and easier to manage.
- Dope aims to use the funding to expand its team and add new product features.
- Boldstart Ventures and Preface also participated in the funding round.
- Since being founded in 2021, the company has raised $20M.
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- GitHub has announced that it has replaced its RSA SSH host key as a way of avoiding possible security risks.
- A threat actor named Earth Preta has been tracked as an increasingly active hacker group that is consistently using its tools.
- A new malware on the Python Package Index repository has been found. The malware uses Unicode to evade detection.
- A phishing campaign using Sharepoint to breach over 1,600 targets has been tracked. Most of the targets are located in the U.S. and Europe.
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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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