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Passwordless authentication startup Descope lands whopping $53M seed round

TechCrunch

Take Descope , for example, which today announced that it raised a whopping $53 million in seed funding for its “developer-first” authentication and user management platform. In tight economies, organizations feel the pressure to shift software development efforts to initiatives that’ll move the needle for business.

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What you need to know about Okta’s security breach

CIO

On October 20, 2023, Okta Security identified adversarial activity that used a stolen credential to gain access to the company’s support case management system. Unauthorized access to user accounts and sensitive information becomes a significant concern, leading to potential data breaches, financial loss, and unauthorized activity.

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10 projects top of mind for IT leaders today

CIO

The approach taken by James Phillips, CIO at software maker Rev.io, reflects that trend. A committee reviews potential projects and expected returns, to ensure the company is pursuing impactful AI initiatives. A committee reviews potential projects and expected returns, to ensure the company is pursuing impactful AI initiatives.

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Cybersecurity Snapshot: ChatGPT Gets So-So Grade in Code Analysis Test, while JCDC Pledges To Focus on Protecting Critical Infrastructure

Tenable

Check out why ChatGPT’s code analysis skills left Carnegie Mellon researchers unimpressed. Plus, JCDC will put special focus on critical infrastructure security in 2024. Meanwhile, CISA and OpenSSF shine a spotlight on the security of software package repositories. 1 - ChatGPT’s code analysis skills?

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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO

Digitalization is a double-edged sword for banks, especially when it comes to security. As interactions and transactions become more interconnected, even the simplest processes like opening a new account or making a balance transfer become riddled with security concerns. Avaya’s research report reveals three critical ways to do so.

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Fixed wireless access (FWA) is a secure networking option

CIO

When making decisions about network access, businesses need to be aware of and assess the security implications associated with network technology to help keep their digital assets protected. Cyber hygiene best practices include device security , cyber security education , and secure networking strategies.

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Valence Security raises new cash to secure the SaaS app supply chain

TechCrunch

Valence Security , a company securing business app infrastructure, today announced that it raised $25 million in a Series A round led by M12, Microsoft’s corporate venture arm, with participation from YL Ventures, Porsche Ventures, Akamai Technologies, Alumni Ventures and former Symantec CEO Michael Fey. million.