CyberTech

A fourth suspect is reportedly being investigated in relation to the massive July Twitter hack that involved a huge bitcoin scam.

Think Cyber, has successfully completed a late seed funding round, securing £3 million (approximately $3.8 million).

Thoma Bravo, a private equity firm, has agreed to purchase identity and access management company Sailpoint in an all-cash deal worth $6.9bn.

Cybersecurity Indusface has just picked up $5m Tata Capital Growth Fund II and plans to use it to aggressively grow its solutions for helping organisations protect their web and mobile applications.

Aviatrix, a provider of networking and security services for the cloud space, has raised $40m in its Series C.

Detectify, a domain and web application security company, has scores $10m in investment from a recent funding round.

Data privacy platform DataGrail has raised $45m in its oversubscribed Series C funding round, which was led by Third Point Ventures.

A new US law set to be introduced in May next year will require banks to report major cybersecurity incidents to federal officials within 36 hours.

With a mission to get rid of passwords, Transmit Security raised a massive $543m in Series A funding at $2.2bn pre-money valuation, touting it as the largest Series A investment in cybersecurity history and one of the highest valuations for a bootstrapped company.

Interpol has urged police agencies and industry partners to unite to prevent a possible ransomware pandemic from taking hold.