Cybersecurity/Information Security

T-Mobile has agreed to pay $350m to customers affected by a class action lawsuit filed after the firm disclosed last year that personal data had been stolen in a cyberattack.

A bill introduced into the US Senate will seek to strengthen security against threats of quantum-computing.

Data security platform Sotero has raised $8m in a seed extension round, which brings the round’s total to $13m.

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Thales, which has positioned itself as a European leader in cyber security and worldwide leader in data protection, has acquired customer identity platform OneWelcome for €100m.

Anvilogic, a modern Security Operations Platform that brings a cloud-based security data lake to life, has raised $25m in Series B funding.

ZEDEDA, which provides a scalable cloud-based orchestration solution that delivers visibility, control and security for distributed edge computing, has raised $26m in Series B funding.

FinTech and global insurance broker Acrisure has acquired two Managed Service Providers (MSP) within its Cyber Services division, Catalyst Technology Group and ITS.

Google and the European Union have both issued separate warnings over potential cyberattacks and misinformation campaigns from Russia.

A Moscow court has slapped a $358m fine on Google for a failure to restrict access to information prohibited in the country.