Cybercrime, Careers, Malware

Evil Encryption, CyberSec Funding, Market Downturns, & Crypto Muggings – ESW #274

In the Enterprise Security News: The latest cybersecurity fundraising, We discuss the impact of the market downturn on the cybersecurity startup industry, Crypto muggings, Security researchers researching researchers simulating attackers, & Evil Encryption!

Full episode and show notes


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Adrian Sanabria
Adrian Sanabria
Director of Product Management at Tenchi Security
  1. 1. FUNDING: Enterprise Data Protection Company Seclore Raises $27 Million
  2. 2. FUNDING: Pangea Cyber Secures $25M Series A to Launch API-based Cloud Security Services for Application Builders
  3. 3. FUNDING: StackHawk Raises $20.7 Million in Series B Funding for Developer-First Application and API Security Testing as Market Demand Soars for Better Security
  4. 4. FUNDING: Investors Funnel Capital into Xage as Critical Infrastructure Organizations Take Action to Block Cyberattacks - $6M extension to $30M Series B. Total funding $60M. Aiming to secure ICS with Blockchain.
  5. 5. FUNDING: BalkanID Unveils AI-Powered Identity Governance and Administration Solution for SaaS and Public Cloud Environments - $5.75M in Seed Funding. Uses AI to identify risky entitlements and simplify access review.
  6. 6. FUNDING: Sunday Security Lands $4M to Protect the World’s Executive Teams Beyond the Enterprise Perimeter
  7. 7. TRENDS: Meritech Capital / 2022 SaaS Crash
  8. 8. TRENDS: Tiger Global & SoftBank Bet the Farm
  9. 9. TRENDS: Clouded Judgement 5.13.22
  10. 10. TRENDS: Crypto Muggings
  11. 11. TRENDS: ‘Tourist’ investors haven’t fled VC, but there are signs of a tactical retreat
  12. 12. STARTUPS: Scaling from $1 to $10 million ARR
  13. 13. SQUIRREL: Targeted npm dependency confusion attack caught red-handed - Snyk, the second-largest cybersecurity unicorn, valued at nearly $9B thought it had caught some npm typo-squatting. In a hilarious turn of events, CodeWhite, a security consulting firm, informed Snyk that they actually stumbled across one of their red-team engagements!
  14. 14. SQUIRREL: 666 Encryption!
Lee Neely
Lee Neely
Information Assurance APL at Lawrence Livermore National Laboratory
Tyler Robinson
Tyler Robinson
Director of Offensive Security & Research at Trimarc Security, Founder & CEO at Dark Element
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