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What you need to know about Okta’s security breach

CIO

Identity attacks use social engineering, prompt-bombing, bribing employees for 2FA codes, and session hijacking (among many techniques) to get privileged access. No security team can be 100% certain that their defenses are bulletproof all the time–this is what adversaries take advantage of.

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Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

TechCrunch

Stax , a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 Telcos and banks dominate this mass market, providing the tech infrastructure that facilitates these code-based transactions. million seed extension round. Enter Stax.

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Extra Crunch roundup: Lordstown Motors’ woes, how co-CEOs work, Brian Chesky interview

TechCrunch

Use discount code ECFriday to save 20% off a one- or two-year subscription. Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations. Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations.

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Ex-Uber software engineers raise $3M for Sperta, a 6-month-old startup that wants to help fintechs better manage fraud risk

TechCrunch

Working together at Uber’s risk team, Yifu Diao and Ming Fang came to realize that with the hypergrowth the company was seeing came fraud challenges. When Fang joined Uber’s risk team in 2016, there was a need to use Mastermind at dispatch time — when drivers and riders are matched.

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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Cybersecurity Snapshot: CISA Hands Down Cloud Security Directive, While Threat from North Korean IT Workers Gets the Spotlight

Tenable

using fake identities, and then have gone on to steal information, such as proprietary source code, and extort their employers. North Korea reportedly uses the money to fund its weapons-development efforts. in 2022 and updated it in 2023 with more due diligence recommendations for employers to avoid falling for the scam.

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Sharing Responsibility for Data Security in the Cloud

CIO

Therefore, it’s up to CIOs to do due diligence about what sort of security controls are in place and to ensure data is well protected in an [as-a-service] operating model. This also makes it easier for developers to create secure code. Include the enterprise risk management team. HPE GreenLake: Security by Design.

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