Plus: Scrut Automation raises $7.5M to offer risk management and regulatory compliance services
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Coinbase has stated that hackers managed to steal employee information during a hacking campaign in 2022. The cryptocurrency exchange claims that it was hacked by the 0ktapus hacker group. More: - According to Coinbase, the hacking campaign launched by 0ktapus is the same campaign that breached other companies such as DoorDash, Twilio, and Cloudflare.
- In order to breach the company, 0ktapus hackers sent false SMS text messages to several employees, telling them to log in urgently by clicking on a link they were sent.
- One Coinbase employee clicked the phishing link and logged in using their credentials.
- The hacker tried to gain access to Coinbase’s internal systems using the stolen credentials but was unable to do so because of Multi-Factor Authentication.
- To overcome the challenge, the hackers used vishing to direct the victim to log into their workstation. This enabled the hackers to steal employee information, including names, email addresses, and phone numbers.
- Coinbase said no customer data was accessed in this breach.
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One in five British citizens has been breached by hackers in the past, a new report claims. The survey had over 1,000 British participants. More: - According to this survey, conducted by a Finnish security company, at least 12.6 million British citizens have been breached by hackers in the past.
- Phishing was the primary threat vector used in these attacks.
- 70% of the surveyors said they felt confident in their ability to spot dangerous campaigns, while ironically, less than 50% of them said they could assess if their devices were safe or not.
Zoom Out: - Phishing was the most common type of cybercrime when measured by the number of cases reported in 2021, according to the FBI.
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Six new security flaws found on macOS and iOS have been tracked by security researchers. The flaws have CVSS scores ranging from 5.1 to 7.1. More: - These bugs contain parts from the ForcedEntry attack, which was designed to target macOS and iOS devices and is based on the infamous Pegasus spyware.
- If a target is breached, the malware can enable hackers to:
- delete messages,
- access call history or voicemail,
- wipe a device's internal storage, etc.
- These bugs were addressed in the macOS 13.2 and iOS 16.3 updates.
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Scrut Automation has raised a $7.5M funding round to offer risk management and regulatory compliance services. The company is active in the U.S., India, and Singapore. More: - Scrut Automation provides an information security monitoring platform for cloud-native SaaS, Fintech, and Healthtech companies across all stages.
- MassMutual Ventures led the funding round, with participation from Lightspeed and Endiya Partners.
- The company has raised $10.5M since its inception in 2021.
- Scrut Automation is based in California.
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Secure Blink has raised an undisclosed Seed funding round to help developers secure their apps. The company is based in India. More: - The company aims to enable organizations to secure their applications and APIs by automatically scanning their code for vulnerabilities.
- It attempts to break down application security risk into measurable, manageable processes.
- Secure Blink is known for its flagship product, Threatspy.
- Company officials claim they will use the funding round for product development and international growth.
- U.S.-based investor Expert Dojo led the funding round.
- The company believes it can disrupt the application security market, which is estimated to be worth $13.2B by 2025.
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- Hackers are claiming that they were able to shut down the broadcast of Vladimir Putin's annual address.
- Activision has confirmed that threat actors have managed to steal game and employee data.
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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. | |
Discover how to invest in the recession-resistant art market with 10-30% historical returns with Masterworks. | |
Compliance doesn’t have to be complicated. With Vanta, you can save up to 400 hours and 85% of costs. | |
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