Cloud identity and access management solutions provider Britive announced that a Series B funding round has produced $20.5 million for the company, which it will use to continue improving its product and for marketing purposes, according to TechCrunch.
Britive, which now has $36 million in total funding, offers a cloud identity security platform that generates keys, tokens and other access privileges to cloud users on demand. The privileges automatically expire when not in use, ensuring that potential vulnerabilities are closed off quickly. Britive also employs artificial intelligence to perform real-time analysis of cloud user activity through their logs, allowing for the detection of potentially dangerous or unauthorized behavioral patterns, according to company CEO Art Poghosyan. When detected, the issue is quickly sent to the relevant security teams, letting them end problematic sessions immediately.
Britive's offering allows development teams to continue building at cloud speed while security teams maintain full visibility and control over cloud identities and privilege, Poghosyan said.
U.S. critical infrastructure organizations have been noted by the Department of Homeland Security to be at risk of cyberattacks leveraging artificial intelligence, with China and other nation-states exploiting the technology to deploy more advanced malware attacks and influence operations, CyberScoop reports.
Cyberattack compromises Progressive Leasing data Major U.S. consumer product leasing firm Progressive Leasing has disclosed that some of its systems have been impacted by a cyberattack that resulted in the significant compromise of personally identifiable information belonging to its customers and other individuals, according to The Record, a news site by cybersecurity firm Recorded Future.