Almost half of UK businesses’ cybersecurity unprepared for sustained remote working
Remote working has become the norm for many professionals since the outbreak of Covid-19, but many businesses' digital defences are not prepared for their employees working from home for long.
SQream closes its Series B+ funding round on $39.4m
Data analytics platform SQream has closed its Series B+ round on $39.4m, with Mangrove Capital Partners and Schusterman Family Investments leading the round.
The amount of new vulnerabilities identified in open source packages drops
The number of new vulnerabilities in open source packages was down by 20% compared to last year, suggesting cybersecurity efforts are progressing, according to a report from developer-first security platform Synk.
Immuta secures $40m in its funding round led by Intel Capital
Immuta, an automated data governance platform, has closed its latest funding round on $40m, with its goal of growing its position in the market.
Wirecard has gone bust after scandal saw the FinTech unable to account for $2.1bn
FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.
CardWorks and Ally Financial pull the plug on merger because of Covid-19
Back in February, technology-enabled finance lender and compliance solution CardWorks announced it would be acquired by digital financial services firm Ally Financial. However, now those plans have been cancelled.
Brazil’s central bank halts WhatsApp’s payment rollout
WhatsApp rolled out its mobile payment services in Brazil last week, but has already been suspended by the central bank.
New South Wales government will open new cybersecurity centre in July
The government in New South Wales has announced plans to launch a new cybersecurity centre in Bathurst to scan for online vulnerabilities across different governmental departments.
Why the coronavirus cybersecurity boom won’t last
Cybersecurity companies may have benefited from the shift to remote working caused by Covid-19, but the growth of the market could be about to slow down as businesses tighten their IT budgets.
Privitar extends its Series C round by an additional $7m coming from HSBC
Data privacy platform Privitar has raised an additional $7m for its Series C round, having initially closed the round on $80m in April.
