VentureBeat reports that investors have poured $5 million into Cere Network, which has recently unveiled for developers its new decentralized data cloud platform. Republic Labs, Woodstock Fund and JRR Capital were among the investors in this latest funding round which, when added to a previous investment by Binance Labs, Arrington XRP Capital and others, brings Cere Network’s total funds raised to $10 million. Cere Network CEO Fred Jin said they hope to distinguish their product from industry leader Snowflake by allowing “more data agility and data interoperability across different datasets and partners.” The Cere DDC platform employs blockchain technology, which enables hosting of thousands of data queries while ensuring high-level security for consumer data, which is automated into virtual datasets. A key component of Cere’s decentralized data cloud and its open data marketplace is the Cere token, which will allow trustless data-sharing, staking and governance. Republic will host the first public sale for the Cere token on March 31.
Jill Aitoro leads editorial for SC Media, and content strategy for parent company CyberRisk Alliance. She 20 years of experience editing and reporting on technology, business and policy.
Washington, D.C.'s Department of Insurance, Securities and Banking has disclosed that 800GB of data claimed to have been stolen by the LockBit ransomware operation was obtained from an attack against third-party software provider Tyler Technologies following the ransomware gang's threats to expose 1GB of the exfiltrated data to coerce the agency into providing the demanded ransom, reports The Record, a news site by cybersecurity firm Recorded Future.
Organizations could have their sensitive information compromised through a high-severity vulnerability in Google Cloud, Azure, and Amazon Web Services command line interface tools dubbed "LeakyCLI", The Hacker News reports.