Security News
Crooks have breached Pepsi Bottling Ventures' network and, after deploying info-stealing malware, made off with sensitive personal and financial information according to a notification sent to consumers. Pepsi Bottling Ventures - America's largest manufacturer and distributor of Pepsi-Cola beverages - didn't discover the unauthorized activity until January 10, we're told.
Pepsi Bottling Ventures LLC suffered a data breach caused by a network intrusion that resulted in the installation of information-stealing malware and the extraction of data from its IT systems.Pepsi Bottling Ventures is the largest bottler of Pepsi-Cola beverages in the United States, responsible for manufacturing, selling, and distributing popular consumer brands.
Cybersecurity firm BlueVoyant has taken $250m in a fresh funding round announced this week, pushing the company's valuation past the $1bn mark. BlueVoyant is led by Jim Rosenthal, formerly chief operating officer at Morgan Stanley.
Silicon Valley venture capital firm Advanced Technology Ventures this week announced that personal information of some of its private investors was stolen in a ransomware attack. In a notification letter sent to the Maine Attorney General's office, ATV revealed that it discovered a ransomware infection in July and an investigation found that some of its data was stolen in the incident.
SYN Ventures formally launched its debut fund and revealed the firm led Sevco Security's $15 Million Series A round as the first investment in the fund. SYN invests in transformational early-stage technology companies that can help disrupt the security industry.
Merlin Venture announced the formation of a Public Sector growth program for cybersecurity software-as-a-service startups. The program leverages Merlin Ventures capital, engineering lab, FedRAMP certification acceleration process, and Public Sector relationships to help startups tap into a $200 billion Public Sector IT solutions market.
Silicon Valley-based venture capital giant Sequoia Capital said the recently disclosed data breach was apparently the result of a business email compromise attack attempt. In a data breach notice sent to impacted individuals, a copy of which has been submitted to attorney general's offices, Sequoia revealed that it learned of unauthorized access to an employee's business email inbox on January 20, 2021.
Tanium and Salesforce have come together in a strategic relationship to help solve one of today's most compelling and urgent problems: how does security manage a workforce that has migrated from in-house company desktops to remote personal devices. The amount of the investment has not been disclosed, but Tanium said it brings the company's valuation to around $9 billion.
The COVID-19 coronavirus outbreak will likely have an impact on early-stage venture investment in cybersecurity, but investors and industry professionals are optimistic. "Angels will likely tighten their purse strings to preserve personal assets while the economic impact of the current pandemic remains unknown. However, venture capital money is still available as are the quality founders seeking capital to build great companies. We expect to see the trend of fewer deals continue along with downward valuation pressure. Downturns in the economy can be very active times for select venture capital firms as they view this as a time to get better valued deals."
"Most of them are companies with between $5 million and $20 million in annual revenue, and are scaling up to the next level." The purpose of this new cybersecurity hub is to provide the ecosystem and help necessary for growth to $100 million or $200 million companies - and eventually perhaps to the next $1 billion cybersecurity business. "We already have the biggest cybersecurity hub in Israel," he said, "Where we continue to invest in and help create many of the new 'ex-8200' cybersecurity startups, and we help these companies grow in the U.S. or Europe. So, we have experience in this."