BusinessCybersecurityStartups

Chainguard Secures $280M Growth Financing to Expand Open Source Security Platform

Seattle-area cybersecurity firm Chainguard has secured $280 million in new financing just months after its previous funding round. The investment will accelerate the company’s mission to protect open source software supply chains from security vulnerabilities.

Major Funding Round for Software Security

Cybersecurity startup Chainguard has reportedly secured $280 million in new financing, according to recent reports. This funding comes just six months after the company’s Series D round raised $356 million, indicating strong investor confidence in the software supply chain security market.

CybersecurityPrivacySoftware

Popular ‘Privacy Browser’ Allegedly Functions as Spyware, Researchers Claim

A browser promoted for protecting user privacy is reportedly engaging in dangerous malware-like behavior. Investigations reveal Universe Browser secretly alters device settings and routes internet traffic through servers in China, security analysts indicate.

Privacy Browser Accused of Malicious Behavior

Security researchers are raising alarms about a web browser application that claims to protect user privacy but allegedly functions more like spyware, according to reports from cybersecurity experts. The app, known as Universe Browser and reportedly downloaded millions of times, may be secretly installing dangerous software and redirecting user internet traffic through servers located in China, sources indicate.

BusinessCybersecurityEconomy

Jaguar Land Rover Cyber Attack Inflicts £1.9 Billion Blow on UK Economy, Analysis Finds

The cyber attack on Jaguar Land Rover has resulted in an estimated £1.9 billion loss to the UK economy, according to cybersecurity experts. The incident impacted more than 5,000 organizations and forced a six-week production shutdown at the automaker. Analysts suggest this represents the most economically damaging cyber event in UK history.

Massive Economic Impact

The cyber attack targeting Jaguar Land Rover has reportedly cost the British economy approximately £1.9 billion, making it the most economically damaging cyber incident in UK history, according to a recent analysis. The Cyber Monitoring Centre (CMC), an independent non-profit organization composed of industry specialists, stated that more than 5,000 organizations have been affected by the breach that occurred in August.