The-Latest

Cybersecurity company Avast hacked via employee virtual private network

Czech cybersecurity firm Avast Software s.r.o., the owner of popular antivirus software provider AVG Technologies N.V., has been hacked, but the company managed to fight off the attack. Those behind the hack managed to gain access by compromising an employee’s virtual private network credentials that were not protected using two-factor authentication. Having gained access, the hacker managed …

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AI recruitment startup Project Crowd raising money with security token offering

Artificial intelligence recruitment platform startup Project Crowd AG is taking a somewhat unusual route to raise funds, listing security tokens for sale on the digital investment platform WeOwn. The offering is seeking to raise 1 million Swiss Francs ($1.01 million). Investors can buy into the company with a minimum investment of 200 CHF ($202.50). Unlike …

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Pendo claims ‘unicorn’ status after bagging $100M in new funding

Software application optimization company Pendo.io Inc. is the latest tech unicorn after announcing today it has raised an even $100 million in a late-stage round of funding. The Series E round brings Pendo’s total amount raised to $206 million and sets a valuation of $1 billion. Sapphire Ventures led the round, with participation from new investors General …

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Einride raises $25M to put more of its T-Pod autonomous trucks on the road

Einride AB, one of the few European startups competing in the race to develop driverless trucks, today revealed that it has secured a $25 million funding round to support expansion plans. Sweden-based Einride is commercializing an autonomous, electric freight hauler called the T-Pod (pictured) that weighs 26 metric tons and looks radically different from the traditional …

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Flaw in D-Link routers opens the door to hackers but company won’t do anything

Routers from Taiwanese firm D-Link Corp. have a serious vulnerability that can allow hackers to steal data, but in unexpected twist, the company is doing nothing to address it. The vulnerability was detailed by security researchers at Fortinet Inc. Oct. 3, after D-Link was informed of the issue in September. The vulnerability, known as CVE-2019-16920, starts with a …

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New alliance including IBM, McAfee launches to bring interoperability to cybersecurity products

A new cybersecurity alliance of 14 leading companies launched today with a pledge to bring interoperability and data-sharing across cybersecurity products The Open Cybersecurity Alliance consortium, founded under the OASIS open standards and open source group, includes a raft of companies: IBM Corp., McAfee LLC, Advanced Cyber Security Corp., Corsa Techology Inc., CyberArk Software Ltd., …

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