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Effectiv's 30-Person Team to Streamline Identity Services, Help Socure Grow Revenue
Socure has acquired Effectiv, integrating its engineering team of 30 to strengthen identity verification capabilities. The $136 million deal aims to speed up customer onboarding, enhance transaction monitoring, and deliver cross-platform solutions, with the product integration expected in 45 days.

Irish Data Protection Commission Cites Social Platform for GDPR Violations
The Irish Data Protection Commission imposed a 310 million euro fine on LinkedIn for violating a European privacy law stemming from the company's use of customer data. It ordered the social media platform to bring its data processing under compliance.

Tips for Employers on Securing the Home Environment and Promoting Better Hygiene
Remote work is a critical part of the future of cybersecurity and many other industries. For those who continue to work remotely or in a hybrid model, the need for robust cybersecurity practices needs to be a priority. But one of the biggest obstacles to that is isolation.

It's crucial for healthcare sector organizations to vet their artificial intelligence tech vendors in the same robust way they scrutinize the privacy and security practices of all their other third-party suppliers, said attorney Linda Malek of the law firm Crowell & Moring.

AI-Powered Cloud Remediation, Multi-Cloud Support at Core of Series B Investment
With a $30 million boost from Series B funding, Stream.Security will enhance its cloud security offerings. The company’s focus includes auto-remediation, faster, AI-driven threat responses, increased support for multi-cloud and hybrid environments, and boosted market presence in the U.S. and beyond.

U.S. Federal Government Gives Agencies Three Weeks to Patch or Mitigate
Fortinet disclosed an actively exploited vulnerability in its centralized management platform following more than a week of online chatter that edge device manufacturer products have been under renewed attack. Cybersecurity researcher Kevin Beaumont christened the vulnerability "FortiJump."

New Ransomware Group Deploys Rust-Based Tools in Attacks
A recently constituted and apparently well-resourced ransomware player is developing and testing tools to disable security defenses, including a method that exploits a vulnerability in drivers. Embargo first surfaced in April amid an ongoing shakeup in the ransomware world.

Proposal Will Be Open for Public Comment Next, But Will It Go Anywhere?
The Department of Health and Human Service last Friday submitted for White House review long-awaited updates to the 20-year-old HIPAA Security Rule containing modifications aimed at strengthening the cybersecurity of electronic protected health information.

SEC: Check Point, Mimecast Disclosures Didn't Capture Severity of SolarWinds Hack
Check Point and Mimecast will each pay regulators nearly $1 million to settle charges of making materially misleading disclosures related to the SolarWinds Orion hack. The SEC alleged public disclosures from Check Point and Mimecast didn't capture the severity of the compromise.

Europe Will Renew or Deny Data Sharing Agreement in June
The U.K. government should work ahead of a June deadline to retain its status as a trusted host of European commercial and law enforcement data, urged the head of a parliamentary committee. The economic value of an EU "adequacy agreement" is "substantial," wrote Peter Ricketts.

Attackers Could Exploit Flaw to Relay Credentials, Compromise Systems
A critical vulnerability in Open Policy Agent could expose NTLM credentials from Windows systems, potentially affecting millions of users. Researchers at Tenable warn that attackers could exploit the flaw through social engineering. Users must update to version v0.68.0 immediately to mitigate risks.

Annual Conference and Hackathon Showcases Solutions for Protecting IoT Devices
Showcasing the latest innovations in hardware security, experts from more than 100 companies worldwide have gathered this week at Hardwear.io in Amsterdam. The annual event and hardware hackathon examines current and future challenges and solutions in hardware security.

Socket Plans to Triple Headcount After Big Growth, Deliver Open-Source Tools Faster
A $40 million Series B investment will support Socket in rapidly scaling its team and product development. Following a 400% revenue increase, the company plans to build on its success by expanding its application security offerings and enterprise support for more programming languages.

PSR's Kate Fitzgerald on Steps for Reducing APP Fraud, Complying With New Mandates
While the U.K. Payment Systems Regulator is taking steps to ensure customers receive consistent treatment from banks, fraud protection still has inconsistencies. Several policies have been introduced to protect fraud victims, but consumers can't always count on them, said PSR’s Kate Fitzgerald.

SANS Survey Finds Incident Detection Improving
More incidents, vulnerability remediation timelines that can stretch into a year and mismatched budget priorities - such is the state of operational technology cybersecurity in 2024, according to participants in an annual SANS survey. Incident response remains a weak point.

Why Peter Todd May Be Another Conspiracy Theory on the Bitcoin Creator
Is Peter Todd truly Satoshi Nakamoto, or just the next name in a long list of conspiracy theories that are eventually debunked? The HBO documentary's claim is far from conclusive, despite an eyebrow-raising moment in the film, where Todd admits to being Nakamoto on camera, seemingly tongue in cheek.

Deal Enhances Sophos’ Managed Security Portfolio, Adds AI-Powered Taegis XDR Tool
Sophos is acquiring Secureworks in a deal valued at $859 million, aiming to integrate its managed security services with Secureworks' Taegis XDR platform. This merger is expected to deliver advanced detection and response capabilities, and enhance global cybersecurity for businesses of all sizes.

2023 Hacking Incident Affected 1.9 Million Patients, Employees
A Michigan-based dental practice with 250 centers across nine states has agreed to pay $2.7 million under a preliminary settlement of a proposed consolidated class action lawsuit centered on a 2023 hacking incident reported as affecting more than 1.9 million patients and employees.

US Cyber Defense Agency Says Election Is Secure Despite Intensifying Threats
The Cybersecurity and Infrastructure Security Agency is ramping up its warnings of potential election interference and influence campaigns in the lead up to the November vote. But voters can be assured their ballots are secure and will be counted as cast, the agency said.

Vulnerability Tool Detected Flaws in OpenAI and Nvidia APIs Used in GitHub Projects
Security researchers have developed an AI tool that can detect remote code flaws and arbitrary zero-day code in software. Protect AI applied the tool to nearly 10,000 GitHub projects and on CVSS data and uncovered local file inclusion, cross-site scripting and remote code flaws in APIs.