Cyberwarfare

Russian hackers already targeted a Missouri senator up for reelection in 2018

A Democratic senator seeking reelection this fall appears to be the first identifiable target of Russian hacking in the 2018 midterm race. In a new story on the Daily Beast, Andrew Desiderio and Kevin Poulsen reported that Democratic Missouri Senator Claire McCaskill was targeted in a campaign-related phishing attack. That clears up one unspecified target from last week’s statement by Microsoft’s Tom Burt that three midterm election candidates had been targeted by Russian phishing campaigns. The report cites its own forensic research in determining the attacker is likely Fancy Bear, a hacking group believed to be affiliated with Russian military intelligence. “We did discover that a fake Microsoft domain had been established as the landing page for phishing attacks, and we saw metadata tha...

A simple solution to end the encryption debate

David Gurle Contributor Bill Harrington Contributor Criminals and terrorists, like millions of others, rely on smartphone encryption to protect the information on their mobile devices. But unlike most of us, the data on their phones could endanger lives and pose a great threat to national security. The challenge for law enforcement, and for us as a society, is how to reconcile the advantages of gaining access to the plans of dangerous individuals with the cost of opening a door to the lives of everyone else. It is the modern manifestation of the age-old conflict between privacy versus security, playing out in our pockets and palms. One-size-fits all technological solutions, like a manufacturer-built universal backdoor tool for smartphones, likely create more dangers than they prevent. Whil...

Facebook, Microsoft and others sign anti-cyberattack pledge

Microsoft, Facebook and Cloudflare are among a group of technology firms that have signed a joint pledge committing publicly not to assist offensive government cyberattacks. The pledge also commits them to work together to enhance security awareness and the resilience of the global tech ecosystem. The four top-line principles the firms are agreeing to are [ALL CAPS theirs]: 1. WE WILL PROTECT ALL OF OUR USERS AND CUSTOMERS EVERYWHERE. 2. WE WILL OPPOSE CYBERATTACKS ON INNOCENT CITIZENS AND ENTERPRISES FROM ANYWHERE. 3. WE WILL HELP EMPOWER USERS, CUSTOMERS AND DEVELOPERS TO STRENGTHEN CYBERSECURITY PROTECTION. 4. WE WILL PARTNER WITH EACH OTHER AND WITH LIKEMINDED GROUPS TO ENHANCE CYBERSECURITY. You can read the full Cybersecurity Tech Accord here. So far 34 companies have signed up to th...

The United States needs a Department of Cybersecurity

Ted Schlein Contributor Ted Schlein, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, focuses on early-stage technology companies in the enterprise software and infrastructure markets, including ventures within the networking and consumer security arenas. More posts by this contributor What Silicon Valley can do about cyber threats The Entrepreneur’s Guide To Surviving A Tech Bubble  This week over 40,000 security professionals will attend RSA in San Francisco to see the latest cyber technologies on display and discuss key issues. No topic will be higher on the agenda than the Russian sponsored hack of the American 2016 election with debate about why the country has done so little to respond and what measures should be taken to deter future attempts at subver...

Lessons from cybersecurity exits

Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler’s great debut on wall street,  a $300 million acquisition of Evident.io by Palo Alto Networks and a $350 million acquisition of Phantom Cyber by Splunk has gotten all of us excited. Word on the street is that in each of those exits, the founders took home ~30% to 40% of the proceeds. Which is not bad for ~ 4 /5 years of work. They can finally afford to buy two bedroom homes in Silicon Valley. Evident.IO Investment Rounds and Return estimates Date Select Investors Round Size Pre Post Dilution Estimated Returns / Multiple of Invested Capital Sep 2013 True Ventures $1.5m $5.25m $6.75 m 22% 44X Nov 2014 Bain Capital $9.8 m $18.1m $28.0 m 35% 10.7X Apr 2016 Venrock $15.7 m $35.0 m $50...

The state of Israel’s cybersecurity market

Ofer Schreiber is a partner at YL Ventures. More posts by this contributor: Iren Reznikov Contributor Iren Reznikov is an analyst for YL Ventures. More posts by this contributor: The Equifax breach, WannaCry, NotPetya, the NSA leak, and many more cyber incidents – 2017 was certainly a busy year for hackers, illustrating yet again just how vital innovative cybersecurity solutions are in the fight against cyber threats. Second only to the U.S., in terms of cybersecurity investment 2017 was another excellent year for Israeli cybersecurity startups, with dozens of companies being formed, breaking fundraising records and producing solid exits. The 2017 data also suggest that the Israeli cybersecurity industry is maturing, as we see a shift in funding towards later stage companies. More Capital,...