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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 2021, VC investment in identity management startups reached $3.2 billion, according to Crunchbase — a record at the time.)

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How well did Israel’s cybersecurity industry do in 2022?

TechCrunch

The massive valuations and funding rounds of 2021 left some room for optimism around the state of the Israeli cybersecurity industry in 2022, instilling a sense of security in Q1 of the new year. The repercussions of this spiral are evident in our 2022 analysis of funding and M&A data for the Israeli cybersecurity ecosystem.

Industry 232
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Zero Trust Security for NIS2 compliance: What you need to know

CIO

Over 100,00 organizations are expected to be impacted by Network and Information Security Directive (NIS2) cybersecurity standards that European Union (EU) member states must implement by October 2024. [i] This concept of least-privilege access is fundamental to Zero Trust Security practices.

Security 208
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Top 5 Security Trends for CIOs

CIO

Cybersecurity cannot stand still, or the waves of innovation will overrun the shores. Multifactor authentication fatigue and biometrics shortcomings Multifactor authentication (MFA) is a popular technique for strengthening the security around logins. Cybersecurity budgets are typically caught between these two forces.

Trends 302
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What Is Multifactor Authentication (MFA), Why It Matters and Its Critical Role in Cybersecurity

Kaseya

Multifactor authentication (MFA) is an identity verification and cybersecurity essential where users confirm their identities using more than one method. This is a simple yet effective way for IT professionals to add an extra layer of security to the environment while making it doubly hard for cybercriminals to break in.

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Web3Auth secures $13M from Sequoia India to simplify crypto onboarding and authentication

TechCrunch

There have also been security issues when it comes to platforms holding control of a user’s private keys. Users use keys as accounts to trade, hold assets, or just interact with blockchains, so control and security of those keys are important,” chief executive officer and co-founder Zhen Yu Young told TechCrunch.

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Otterize raises $11.5M to help developers securely connect software services

TechCrunch

Tomer Greenwald, Uri Sarid and Ori Shoshan, software developers by trade, found themselves building and configuring software authentication and authorization mechanisms repeatedly — each time with a different tech stack. But one factor in Otterize’s favor is the heightened spending on cybersecurity, particularly in the enterprise.

Software 211