Financial Cyberscoop

U.S.-based cybersecurity firm ReliaQuest has secured a significant funding boost with a new investment round totaling over $500 million, elevating the company’s valuation to $3.4 billion. The funding round was led by global investors EQT Partners, KKR, and FTV Capital, alongside existing investors Ten Eleven Ventures and Finback Investment Partners. This fresh capital injection underscores The post ReliaQuest secures $500 Million in funding, boosting AI-driven cybersecurity operations appeared first on CyberScoop.

A joint takedown operation last year sought to disrupt Flax Typhoon’s compromise of hundreds of thousands of devices. The post U.S. sanctions take aim at Chinese company said to aid hackers’ massive botnet appeared first on CyberScoop.

However, less than 10% of the disclosures addressed the material impacts of the security incidents. The post Study finds ‘significant uptick’ in cybersecurity disclosures to SEC appeared first on CyberScoop.

The department’s Office of Foreign Assets Control said Guan Tianfeng used a zero-day exploit to deploy malware on 81,000 firewalls. The post Treasury sanctions Chinese cyber company, employee for 2020 global firewall attack appeared first on CyberScoop.

The rule would force data brokers to adhere to the same standards as established credit agencies. The post CFPB proposes new rule to regulate expansive data broker industry appeared first on CyberScoop.

A new business insurance offering can shield CISOs from personal losses in the event of a lawsuit. The post CISOs can now obtain professional liability insurance appeared first on CyberScoop.

The Boston-based firm adds the threat intelligence provider to its product arsenal. The post Bitsight acquires Cybersixgill for $115 million appeared first on CyberScoop.

The financial ratings service says industry digital reliance increases cyber risk. The post Moody’s Rating adds telecoms, airlines, utilities to highest risk category appeared first on CyberScoop.

Delta will have to account for its own shortcomings if it follows through on a threat based on a “misleading narrative,” CrowdStrike said. The post CrowdStrike points finger back at Delta after airline threatened to sue over outages appeared first on CyberScoop.

The early application of the regulatory agency’s new cybersecurity reporting rules reveal that materiality is in the eye of the beholder. The post CDK hack shows SEC disclosure standards are unsettled appeared first on CyberScoop.