The editors at Solutions Review have curated this list of the most noteworthy identity management and information security news for the week of March 28. This curated list features identity management and information security vendors such as The U.S. State Department, SydeLabs, UiPath, and more.
Keeping tabs on all the most relevant identity management and information security news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last month, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy identity management and information security news items.
Identity Management and Information Security News for the Week of March 28
US Offers $10 Million Bounty for Info on ‘Blackcat’ Hackers Who Hit UnitedHealth
The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across America. UnitedHealth said last week it was beginning to clear a medical claims backlog of more than $14 billion as it brought its services back online following the cyberattack, which caused wide-ranging disruption starting in late February. “The ALPHV Blackcat ransomware-as-a-service group compromised computer networks of critical infrastructure sectors in the United States and worldwide,” the department said in a statement announcing the reward offer.
Zscaler Report: “Enterprise Use of AI/ML Tools Nearly 600 Percent Over the Last Year, Putting Enterprises at Risk”
Zscaler, Inc., a leader in cloud security, this week announced the release of its 2024 AI Security Report, which draws on more than 18 billion AI transactions across the Zscaler Zero Trust Exchange cloud security platform from April 2023 to January 2024. Zscaler ThreatLabz researchers analyzed how enterprises use AI/ML tools and mapped trends across sectors and geographies, highlighting how businesses are adapting to the shifting AI landscape and managing security around the use of AI tools. AI has already become a part of business as usual, as enterprises leverage and integrate new features and tools into their day-to-day workflows, multiplying the volume of transactions and data generated. The much higher volume is reflected in the nearly 600 perception increase in transactions as well as the 569 terabytes of enterprise data sent to AI tools that ThreatLabz analyzed between September 2023 and January 2024. “Data is the lifeblood of every enterprise and the gold of this new era in the AI revolution,” said Deepen Desai, Chief Security Officer, Zscaler. “With the visibility provided by the Zscaler Zero Trust Exchange’s nearly 500 trillion daily signals combined with Avalor Data Fabric, we believe Zscaler is uniquely positioned to fight AI with AI and improve Zero Trust security across the enterprise.”
AI-led Security Startup SydeLabs Raises $2.5 Million in Seed Funding Round
Artificial intelligence (AI)-led risk management solutions provider, SydeLabs announced this week that it has raised $2.5 million as a part of its seed round of funding led by RTP Global. The round also saw participation from early-stage investment firm Picus Capital along with marquee angel investors including Cred founder Kunal Shah and Mobile Premier League founder Sai Srinivas Kiran among others. SydeLabs said it will use the funds for research and development (R&D) and to build on its existing product portfolio.
Observe Announces $115 Million In Series B Financing
Observe, Inc. an SaaS observability company, this week announced the Company has closed a Series B funding round of $115 million led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures. The Series B funding, raised at a valuation 10x higher than the company’s Series A round four years ago, promises to further accelerate Observe’s growth. “We believe Observe is the future of Observability and we’re incredibly excited to lead the Series B round,” said Mike Speiser, Managing Director at Sutter Hill Ventures. “Observe has built a world class team and delivered a product that is architecturally different to everyone else. The incredible growth in ARR and NRR is testament to the fact that this new architecture is now paying off for their customers.”
UiPath Announces FedRAMP Authorization for Automation Cloud Public Sector
UiPath, a leading enterprise automation and AI software company, this week announced that UiPath Automation Cloud Public Sector achieved authorized status in the Federal Risk and Authorization Management Program (FedRAMP), the entity charged with standardizing security and risk assessment for cloud services accessed by federal government agencies. As an authorized provider of AI-powered automation within FedRAMP, UiPath offers public sector agencies a viable and secure method to achieve digital modernization imperatives. UiPath enables government employees to deliver improved citizen services, modernize IT and other functions for digital resilience, digitize data, automate processes, and deploy in the cloud.
Mini Jam Next Week! Expert Panel to Discuss Closing the Gap: Cybersecurity in the Boardroom on April 4
With cybersecurity executive roles in mind, a panel of experts from Solutions Review’s Insight Jam Community discuss the gap in the boardroom in understanding an enterprise’s cybersecurity needs, the challenges cybersecurity leaders are facing in closing that gap, and why this absolutely matters in today’s ever-evolving threat landscape.
This post was originally published on the 3rd party site mentioned in the title of this this site