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Ted Schlein’s Ballistic Ventures Secures $100M for Innovative New Fund Launch
Ballistic Ventures, a venture capital firm focused on cybersecurity startups, plans to raise $100 million for its new fund, as indicated by a recent SEC filing. Founded in late 2021 by Ted Schlein, the firm has quickly become influential in the cybersecurity sector, having closed its second fund at $360 million last year. Ballistic emphasizes a hands-on approach, assisting portfolio companies with strategic guidance, hiring, and customer acquisition. The firm has invested in 59 startups, including GetReal Lab, and has recorded six successful exits. The cybersecurity funding market is experiencing significant growth, projected to reach $11.6 billion in 2024.
Advanced Health Vendor to Pay £3M Fine After 2022 Ransomware Attack: Implications for NHS Cybersecurity
A ransomware attack on NHS vendor Advanced has led to a £3 million ($3.8 million) fine from the Information Commissioner’s Office (ICO) due to significant security failures. The company failed to implement multi-factor authentication, allowing hackers to access sensitive data, affecting tens of thousands in the UK and disrupting NHS services. Initially facing a proposed £6 million fine, the amount was reduced after reassessing the breach’s severity. Advanced acknowledged the settlement but provided no further comment. This incident highlights the urgent need for robust security measures in healthcare to safeguard against cyber threats.
Exposed: How Stalkerware Apps Cocospy and Spyic Compromise the Privacy of Millions
Recent reports reveal a serious security vulnerability in phone-monitoring apps Cocospy and Spyic, compromising personal data of millions. Security researchers found a flaw that allows unauthorized access to sensitive information, including messages and photos, and exposes the email addresses of users who installed these stalkerware apps. Over 2.6 million email addresses were reportedly collected from the apps’ servers. Marketed as parental control tools, these applications can be misused for covert surveillance. Users are advised to check for these apps on their devices and strengthen security measures. Resources for support against stalkerware are available from organizations like the National Domestic Violence Hotline.
Exposed: The Dangers of Stalkerware Apps and Why You Must Avoid Them
The rise of stalkerware, apps used to secretly monitor loved ones, presents significant risks to victims and companies alike, with over 24 data breaches reported since 2017. Notable incidents include the exposure of millions of sensitive data from firms like Spyzie and mSpy in 2024. The ethical and legal implications are serious, as many users unknowingly engage in illegal surveillance. Despite security vulnerabilities, stalkerware companies often continue operating after breaches. Alternatives like secure parental control apps exist, and individuals are encouraged to educate themselves on stalking risks and seek help from resources like the National Domestic Violence Hotline.
Newly Discovered Android Vulnerabilities Exploited in Student Phone Hack: What You Need to Know
Amnesty International has reported that Google has patched critical vulnerabilities in Android that previously allowed authorities to unlock devices using Cellebrite’s forensic tools. These zero-day vulnerabilities, discovered during an investigation into the hacking of a student protester’s phone in Serbia, affect over a billion Android devices. The collaboration between Amnesty and Google’s Threat Analysis Group led to the identification and fixing of these flaws. Amnesty emphasized the risks to digital privacy for activists and journalists, noting that unauthorized access to their devices undermines human rights. As a precaution, experts recommend that activists consider switching to iPhones due to ongoing security concerns.