The European Commission is set to finalize its digital wallet initiative after the proposal achieved political consensus on the core elements concerning its implementation. The latest digital monetary initiative comes as Europe rolls out plans for a digital euro.
A finalist at this year's RSA Innovation Sandbox contest landed Series A funding to detect threats and secure access for nonhuman identities. The $25 million will enable Astrix Security to expand from managing access for nonhuman identities to understanding threats to services and applications.
Socure has purchased a document verification startup founded by former members of Airbnb's Trust and Safety Team for $70 million to better detect fake identities. The deal will help Socure optimize the digital capturing and back-end processing of driver's licenses and passports at faster speeds.
Former members of the defunct Conti ransomware group are continuing to ply their trade under a variety of other guises, including Royal and Black Basta. Thanks to their agile and innovative approaches, post-Conti operations are "stronger than ever," one ransomware expert reports.
Seed funding for Israeli cybersecurity startups has blossomed despite the economic downturn, and both deal volume and size have strengthened in 2022 as compared to 2021. The indefinite closing of the initial public offering market in spring 2022 caused late-stage investment to fall off a cliff.
Security researchers have demonstrated a practical attack that can be used to defeat biometric fingerprint checks and log into a target's Android - but not Apple - smartphone. Dubbed "BrutePrint," the brute force attack is inexpensive and practical to deploy at a large scale.
Identity is more important than ever in today's "work from anywhere" world where the need for secure authentication has become paramount. Zero Trust Authentication complements security investments in EDRs, EPPs, SIEMs and existing SSOs and delivers a passwordless experience that drives productivity.
Huntress has completed a Series C round to expand beyond the endpoint protection market and bring managed security to identity and cloud. Hackers are increasingly going after employee accounts at SMBs and using the compromised identity to move into other systems via SSO, CEO Kyle Hanslovan said.
Humans continue to reuse simple passwords that criminals can access, and passwordless continues to be the way forward. Jeff Shiner, CEO of 1Password, said we're making progress toward the future of authentication - passkeys - and discussed when, why and how to adopt them.
Everyone needs to have a security-first mindset for identity because as much as it is a defender's shield, it is also an attacker's target, said Rohit Ghai, CEO at RSA. In fact, identities are the most attacked part of enterprises, yet too little energy is spent on monitoring them.
In the online world, knowing and trusting who you are interacting with has been a problem for decades. When it comes to assessing the state of identity verification, "we certainly have a lot of problems to address," according to identity expert Jeremy Grant of Venable.
While multifactor authentication helps solve some of the problems with passwords, we still need to get to being truly passwordless, said Susan Koski, PNC Financial Services. She said adopting the FIDO standards, using zero trust and relying on authentication analysis can all help speed the journey.
Thoma Bravo has agreed to spend $12 billion on three high-profile identity acquisitions to help with the transition from on-premises licenses to cloud-based subscriptions. Vendors in the space must expand their customer success organization and shift incentives for the salesforce, said Chip Virnig.
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