The cybersecurity sector recorded 346 funding rounds and 91 mergers and acquisition (M&A) transactions in 2023, according to cyber recruitment firm Pinpoint Search Group. This equals 437 cyber deals in total and a 40% increase from 2022, which saw 303 deals signed in the sector. However, the overall cyber investment raised in 2023 only amounted […]
Rackspace Technology recorded $5 million in expenses for the first nine months of this year, stemming from the December 2022 ransomware attack of the company’s Hosted Exchange business, according to a 10-Q filing with the Securities and Exchange Commission. The managed email solution for small- and medium-sized businesses represented about 1% of the company’s revenue […]
Ransomware activity reached an all-time high in September, with 514 attacks recorded. The previous record was in March 2023, but this new surge was led by different threat groups. LockBit 3.0, LostTrust, and BlackCat were the top attackers.