Hackers warm up to carmakers at the DEFCON cyber security conference at Las Vegas

With vehicles getting increasingly digital, carmakers are warming to White Hat cyber security professionals who scour for vulnerabilities in transportation systems before Black Hat hackers exploit them for commercial or other gains. In a significant development, carmakers are boost efforts to discover lurking vulnerabilities in their increasingly digital car offerings from helpful and friendly hackers.…

Apple offers up to $1 million for remote access exploit for iPhones and cloud-based backups

Apple launched the challenge at the annual Black Hat security conference in Las Vegas. In order to remove exploitable vulnerabilities from its mobile operating system, Apple Inc has announced a bounty of up to $1 million to cyber security researchers who detect flaws in iPhones. This is the largest ever reward Apple has offered to…

U.S.-based cyber security startup Cybereason raises $200 million from SoftBank

Cyberreason’s strength lies in its core offering – Endpoint Protection Platform. On Tuesday, Antivirus startup Cybereason disclosed, it has raised $200 million in investment from Japan’s SoftBank Group Corp. Founded in 2012, so far the Boston-based company has managed to raise $400 million in funding rounds. Previously it raised capital from Spark Capital, CRV, and…

BlackRock in advanced talks to take over U.S. cyber security firm Cofense Inc

Complicating the negotiations is the fact that a July 19 deadline that was set by CFIUS has lapsed. Further, the U.S. government has also joined in as a trustee to oversee the sale. In a significant development, according to sources familiar with the matter at hand, following a U.S. national security panel asking Pamplona Capital…

Chinese hackers targeted global telecom companies

U.S.-Israeli cyber security firm Cybereason has been investigating these hacking attacks by Chinese hackers for the last 9 months. On Tuesday, researchers from a cyber security company Cybereason stated, Chinese hackers have broken into the systems of more than a dozen global telecoms companies and have stolen large amounts of personal and corporate data. According…

Microsoft detects hacking activity from Strontum targeting democratic institutions

Microsoft will expand its cyber security service AccountGuard to 12 new markets in Europe including France, Germany, and Spain to safeguard from such hacking attacks. On Wednesday, Microsoft Corp disclosed it had chanced upon hacking activity that targets democratic institutions, non-profit organizations and think tanks in Europe and plans on offering a cyber security service…