investment
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Blog
Kaseya eyes further EMEA growth with fresh $100 million investment
IT management and cybersecurity software provider Kaseya has announced a fresh $100 million investment in EMEA as the company looks to drive further growth across the region. Fresh off the back of a strong 2024, in which the firm posted its best-ever financial results, the move will see the addition of more than 200 new developers for the region. The…
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US recovers $225 million of crypto stolen in investment scams
The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations, the largest crypto seizure in the history of the U.S. Secret Service. The state’s investigators used blockchain analysis to trace the funds stolen from over 400 victims, which were then laundered through a complex network of cryptocurrency addresses to…
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Those Investment Ads on Facebook Are Scams
Investment scams aren’t anything new: Bad actors have long used pump-and-dump tactics to hype stocks or cryptocurrencies, preying on emotions like fear and greed. And who wouldn’t want big—or even steady—returns on their money, especially amidst tariffs and other economic turmoil? Scammers are currently capitalizing on this with fraudulent Facebook ads to lure users into handing over large sums of…
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NHS set for huge tech investment boost in latest spending review
Yesterday’s government spending review included a major investment in NHS technology, as part of a record £29 billion funding boost for the health service. Rachel Reeves announced plans to spend up to £10 billion on technology and digital transformation in the NHS by 2028‑29 – up almost 50% on today’s figure. Overall, the government said, funding provided through the review…
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Global cybersecurity spending is set to rise 12% in 2025 – here are the industries ramping up investment
Global cybersecurity spending is expected to surge this year, fueled by escalating state-sponsored threats and the rise of generative AI, according to new analysis from IDC. Statistics from the consultancy’s Worldwide Security Spending Guide show spending is expected to grow by 12.2% across the year and to hit $377 billion by 2028. The bulk of this spending – 70% –…
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Six arrested for AI-powered investment scams that stole $20 million
Spain’s police arrested six individuals behind a large-scale cryptocurrency investment scam that used AI tools to generate deepfake ads featuring popular public figures to lure people. The scam was very successful, defrauding 19 million Euros ($20.9M) from 208 victims worldwide. The police operation, codenamed “COINBLACK – WENDMINE,” started two years ago following the submission of a victim’s complaint. The action…
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ReliaQuest targets international growth, agentic AI gains with $500 million investment
Cybersecurity firm ReliaQuest has raised $500 million as part of a funding round aimed at accelerating international growth and product development. Led by EQT, KKR, and FTV Capital, the funding round brings ReliaQuest’s valuation to $3.4 billion and will enable the firm to drive the development of agentic AI security tools. The investment comes amid a period of rapid growth…
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UK cloud infrastructure set for boost amid $5 billion Oracle investment
Oracle is set to invest $5 billion (£3.85 billion) to ramp up support for the UK’s cloud infrastructure capabilities, the firm has revealed. In an announcement confirming the move, the tech giant said the funding will be distributed over the next five years and go towards expanding the footprint of Oracle Cloud Infrastructure (OCI) in the country. It will also…
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National Grid investment wing backs AI startups to boost energy efficiency
National Grid Partners, the venture capital and innovation arm of the UK utility firm, has unveiled plans to invest $100 million in AI startups in the energy field. With pressure on the grid increasing, the investment division is exploring solutions that will help make the grid more efficient, resilient, and dynamic. This means improving efficiency, cutting customer costs, reducing emissions,…
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Multi-billion dollar energy investment firm notifies hundreds of a data breach that compromised SSNs
Luxembourg energy investment firm Ikav Energy this week confirmed it notified hundreds of Americans about a December 2024 data breach that compromised their names and Social Security numbers. Ikav notified 722 people in Texas and 15 in Massachusetts of the breach, with more victims expected as more states disclose their own breach figures. Ransomware group DragonForce claimed responsibility for the…
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