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Cybersecurity Startup Funding Hits 5-Year Low, Drops 50% From 2022

posted onJanuary 17, 2024
by l33tdawg
Credit: Crunchbase

Just two years ago venture funding to cybersecurity was on fire, with more than $23 billion flooding the sector.

In 2023, cyber startups saw only about a third of that, as venture funding dipped to its lowest total since 2018. Security companies raised $8.2 billion in 692 venture capital deals last year — per Crunchbase numbers — compared to $16.3 billion in 941 deals in 2022.

FBI warns against cloud credential-stealing Androxgh0st botnet

posted onJanuary 17, 2024
by l33tdawg
Credit: CSO Online

he Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency (CISA) have published an urgent advisory about the Androxgh0st botnet, which is being used to steal cloud credentials from major platforms, including AWS, SendGrid, and Microsoft Office 365.

Initially identified by Lacework Labs in 2022, Androxgh0st is a Python-scripted malware designed to infiltrate and exploit vulnerabilities in various web frameworks and servers, primarily targeting .env files that store sensitive cloud credentials.

How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity

posted onJanuary 17, 2024
by l33tdawg
Credit: Wired

Just over a decade ago, Bitcoin appeared to many of its adherents to be the crypto-anarchist holy grail: truly private digital cash for the internet.

Satoshi Nakamoto, the cryptocurrency’s mysterious and unidentifiable inventor, had stated in an email introducing Bitcoin that “participants can be anonymous.” And the Silk Road dark-web drug market seemed like living proof of that potential, enabling the sale of hundreds of millions of dollars in illegal drugs and other contraband for bitcoin while flaunting its impunity from law enforcement.

Will CrowdStrike Be a $1 Trillion Company By 2030?

posted onJanuary 15, 2024
by l33tdawg
Credit: The Motley Fool

One of the hottest growth areas for technology investors is cybersecurity. The landscape is rife with applications ranging from combating hackers to preventing fraud. Endpoint security platform operator CrowdStrike (CRWD -0.41%) is a leader in the space, and its stock has handily beaten the S&P 500 over the last several years -- returning nearly 350% since its initial public offering in 2019.

What SoundCloud Created Can Never Die

posted onJanuary 15, 2024
by l33tdawg
Credit: Wired

Kaytranada and Kehlani. Lil Nas X’s “Old Town Road.” Sheck Wes’ “Mo Bamba.” The commonalities these artists and songs share is neither region nor genre but platform. SoundCloud was their origin point. “It sparked so many careers once upon a time,” says Stonie Blue, a New York-based DJ and cofounder of BIYDIY Records. “Artists could upload their music straight to the community that would lurk there before the main focus was streaming on Apple Music or Spotify.” Since joining the platform in 2012, he was introduced to newbie artists like Sango, Dream Koala, Yeek, and WOLFE de MÇHLS.

COVID shots protect against COVID-related strokes, heart attacks, study finds

posted onJanuary 15, 2024
by l33tdawg
Credit: Arstechnica

Staying up to date on COVID-19 vaccines can cut the risk of COVID-related strokes, blood clots, and heart attacks by around 50 percent in people ages 65 years or older and in those with a condition that makes them more vulnerable to those events, according to a new study from the Centers for Disease Control and Prevention.

Get Ready for the Great AI Disappointment

posted onJanuary 12, 2024
by l33tdawg
Credit: Wired

In the decades to come, 2023 may be remembered as the year of generative AI hype, where ChatGPT became arguably the fastest-spreading new technology in human history and expectations of AI-powered riches became commonplace. The year 2024 will be the time for recalibrating expectations.

Of course, generative AI is an impressive technology, and it provides tremendous opportunities for improving productivity in a number of tasks. But because the hype has gone so far ahead of reality, the setbacks of the technology in 2024 will be more memorable.