Tag: malware

Petya Malware is about wreaking Havoc, not collecting Ransom | The Register

Petya Malware is about wreaking Havoc, not collecting Ransom | The Register

In-brief: On Tuesday, a ransomware infection spread across Europe and even affected companies and systems as far away as the United States and Brazil. Iain Thomson at The Register breaks down the malware used in the attack, dubbed NotPetya because it disguises itself as the Petya ransomware, although in the end it seems it was designed to wreak havoc, not collect money.

Cybereason of Tel Aviv and Boston landed a $100m investment from Softbank.

Endpoint Protection Firm Cybereason Lands $100m Softbank Investment

Alternatives to legacy endpoint protection software like anti virus is one of the hottest areas in the information security space. Yesterday’s announcement by Cybereason of a $100 Million investment by SoftBank only underscores that. Cybereason, which has offices in Boston, London and Tel Aviv, closed a Series D funding round from SoftBank to accelerate growth. The round brings total investment in Cybereason to $189 million and make SoftBank the single largest investor int he company, which also counts Spark Capital, Lockheed Martin and CRV as investors. “We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, […]