Medical device cybersecurity provider MedCrypt has landed $25 million in a Series B funding round, bringing total investment to $34 million, in a bid to better protect healthcare providers from medical device-targeted cyberattacks, according to SiliconAngle.
MedCrypt has been offering a proactive medical device cybersecurity solution with behavior monitoring, cryptographic communication, and vulnerability management capabilities, which enable early alerts regarding suspicious behaviors and possible intrusions.
The newly secured funds will be redirected to strengthen the platform's cryptography and behavior monitoring services, while bolstering vulnerability inventory offerings, said MedCrypt.
MedCrypt added that more engineers are also expected to be sought by the company amid increasing medical device demand.
"With the acceleration of complex medical device ecosystems in hospitals and homes across the United States, and growing expectations of patients, providers, and device manufacturers to meet higher standards for security protection, proactive and focused cybersecurity solutions are urgently needed," said Intuitive Ventures Managing Director Dr. Oliver Keown.
Android devices on the latest version of the operating system were discovered to be impacted by a vulnerability that exposes DNS queries upon switching VPN servers despite the activation of the "Always-on VPN" functionality while blocking connections that do not have VPN, according to BleepingComputer.
BleepingComputer reports that online banking accounts across Finland were noted by the country's Transport and Communications Agency, or Traficom, to have been targeted by ongoing Android malware attacks.
BleepingComputer reports that numerous Android apps with over four billion downloads are susceptible to the novel Dirty Stream attack, which involves the exploitation of a flaw in Android's content provider system that could enable arbitrary code execution and secrets compromise.
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