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BeyondID grabs $9M Series A to help clients implement cloud identity

TechCrunch

BeyondID , a cloud identity consulting firm, announced a $9 million Series A today led by Tercera. The company focuses on helping clients manage security and identity in the cloud, taking aim specifically at Okta customers. In fact, the firm is a platinum partner for Okta. It seems to be working.

Cloud 221
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Opal Security, which helps companies manage access and identities, raises $22M

TechCrunch

VC investment trends in the cybersecurity market suggest a sector in decline — at least within the context of recent months. According to Crunchbase, cybersecurity deal count fell during Q3 to 153 deals from 181 in Q2.

Company 248
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Addressing the insecurity of verified identities

CIO

Cybersecurity has been identity-centric since the first username and password appeared. Each additional identity check presents a roadblock between the user and the work they are trying to do. That’s a great approach for exhaustively verifying an identity, but far too cumbersome for logging into a workstation.

Policies 358
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What you need to know about Okta’s security breach

CIO

In reaction to the attack, Okta support asked customers to upload an HTTP Archive (HAR) file to help troubleshoot issues. The potential damage of identity provider compromise Identity threats targeting IdPs have quickly become the attack vector of choice for many threat actors.

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Decentralized identity startup Spruce wants to help users control their sign-in data

TechCrunch

Keeping control over one’s own identity on the internet often requires a substantial sacrifice of convenience, so plenty of users have accepted the status quo of social media platforms being able to access and share their data freely, sometimes even in nefarious ways.

Data 190
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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

TechCrunch

Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software. Other prominent use cases include AML checks, customer onboarding and fraud prevention.

Fintech 363
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GenAI could make KYC effectively useless

TechCrunch

KYC, or “Know Your Customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who they say they are.

Fintech 347