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Cyber Startup Cyera Raises $540 Million in Series E Round

By Kim S. Nash

 

Hello. Data-security company Cyera raised just over half a billion dollars in its latest funding round, as security chiefs grapple with the implications of information proliferation in the AI era. 

The startup, now valued at about $6 billion, allows companies to inventory data stored on their networks, analyze its usage and apply controls for who can access it. Read our full story.

More news: 

  • CISA's budget might not be as decimated as the White House proposed
  • Whole Foods shelves show the real-world aftermath of a hack at its main distributor, United Natural Foods
  • U.K. retailer restores some online tech 40+ days after cyberattack
  • Texas car-crash records stolen
  • VC firm stands up fund for AI, cyber and other tech to strengthen U.S.-Japan alliance
  • And more
 

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CONTENT FROM: Zscaler
Why Ransomware is Winning Despite Billions Spent on Security

Like a bank robbery, ransomware attacks find weaknesses, break in, move laterally, and steal or encrypt data. Attacks succeed because companies rely on firewalls as their primary defense. Firewalls expose public IPs, inviting attacks. Once breached ransomware quickly spreads. Zscaler CEO Jay Chaudhry shares insights on how embracing Zero Trust AI stops ransomware at all four stages of an attack.

Watch Now

 

More Cyber News

PHOTO: STEFANI REYNOLDS/BLOOMBERG

CISA wouldn't have its 2026 budget cut nearly as much as President Trump proposed under a funding bill approved Monday by a House subcommittee. The group recommended a decrease of $135 million, far less than the $495 million the White House put forth. The Cybersecurity and Infrastructure Security Agency would receive $2.7 billion next year under the House plan. (Cyberscoop)

  • Bridget Bean, acting director of CISA, told the subcommittee in May that the agency "will continue to operate efficiently and cost-effectively."

Supermarket shelves are emptying out at some stores around the country, after a cyberattack hit a major distributor to Whole Foods Market and other chains.

  • United Natural Foods said it detected unauthorized activity on its systems last week and took certain ones offline proactively. 
  • Stores around the country have reported being unable to place orders. The company has told suppliers that it hopes to restore normal operations by Sunday, according to a notice viewed by The Wall Street Journal.
  • United Natural Chief Executive Sandy Douglas said on a Tuesday call with analysts that the company has developed workarounds to continue servicing customers where possible. He said he is talking with 15 to 20 customer CEOs daily. Read more from WSJ.  

U.K. retailer Marks & Spencer has restored some online ordering more than 40 days after a cyberattack knocked out key tech systems. Service in England, Scotland and Wales is back but not Northern Ireland, the company said Tuesday.

  • Shipping options are also limited. The attack and its aftermath will cost at least $400 million, Marks & Spencer has estimated. (The Register)

Hackers stole 300,000 crash records from the Texas Department of Transportation. Personal data as well as details about insurance, injuries and crash descriptions were downloaded, the department said, affecting more than 423,000 people. Breach notification letters urged those people to watch for social-engineering scams. (Bleeping Computer)

Chicago healthcare group WellNow Urgent Care agreed to pay $4.4 million to settle a class-action lawsuit over a 2023 cyberattack that breaches the personal data of about 597,000 patients and others. Plaintiffs' attorneys are due to receive 33% of the total, or about $1.5 million. 

Venture firm Geodesic Capital has raised $250 million for a fund dedicated to strengthening the U.S.-Japan alliance by investing mostly in U.S. early-stage startups with tech to benefit Japan in national security-related sectors such as AI, space, cybersecurity and robotics. (WSJ)

 
Alt text.

Phishing scams are nothing new, but packaging them up as a subscription-based DIY hacking kit is. 

WSJ Pro Cybersecurity reporter Angus Loten discusses why it is now a lucrative business.

Listen Now
 

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten, James Rundle and Catherine Stupp. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

 
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