Cybersecurity

Scrut Automation secures $10 million in growth capital

Scrut Automation, GRC platform, has announced today that it secured $10 million in growth capital from its existing investors, including Lightspeed, MassMutual Ventures, and Endiya Partners. The funding will be utilized to enhance platform capabilities, integrate generative AI for risk and compliance teams’ efficiency, and expand into North American and European markets. With this latest […]

Cybersecurity

How AI is revolutionizing identity fraud – Help Net Security

Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to AuthenticID. Consumers and businesses alike are facing new challenges in today’s digital existence, from considering the ramifications of digital identity to grappling with the use and prevalence of new tools like generative […]

Cybersecurity

Chertoff Group Affiliate Completes Trustwave Acquisition

MC2 Security Fund, a growth equity fund and affiliate of The Chertoff Group, has completed its acquisition of managed security services provider Trustwave. Trustwave specializes in managed detection and response, cyber advisory services, database security, and penetration testing. The company offers comprehensive offensive and defensive cybersecurity services. Investment group MC2 makes private-equity investments in high-growth […]

Cybersecurity

Beware of predatory fin(tech): Loan sharks use Android apps to reach new depths

Since the beginning of 2023, ESET researchers have observed an alarming growth of deceptive Android loan apps, which present themselves as legitimate personal loan services, promising quick and easy access to funds. Despite their attractive appearance, these services are in fact designed to defraud users by offering them high-interest-rate loans endorsed with deceitful descriptions, all […]