Struct Finance, a decentralized (DeFi) blockchain-based platform for structured financial products, announced in a Monday press release the completion of a $3.9 million seed round. The company said it will use the proceeds to compose, customize, and invest in DeFi products. Avalanche one of many investors Struct Finance is a protocol on Avalanche although it expects to scale into other EVM compatible chains in the near-term. Struct Finance tapped 24 investors to partake in the financing round. The group includes several notable standsouts, including Avalanche’s 200 Million Blizzard Fund. The roster of other investors includes: Antler, Assymetries Technologies, Arcanum Capital, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, Finality Capital Partners, Infinit...
Sourced from Hypertext On Friday, Italy’s data watchdog said it is investigating Kaspersky, a Russian multinational cybersecurity company, for launching cyberattacks. According to The Guardian, the agency says it followed “alarms sounded by many Italian and European organisations specialised in computer security” over the potential use of Kaspersky software for hacking assaults in the wake of Russia’s invasion of Ukraine. The agency reportedly asked the company to provide details on the number and profiles of Italian users and whether their data was being transferred to Russia or elsewhere. Reuters reported that Germany’s British Standards Institution (BSI) also warned users of the antivirus software, saying the company could be coerced by Russian government agents to hack IT systems abroa...
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Sourced from International IDEA As we all start to get a better view of what the future might hold, organisations need to look again at their security strategy. But first, we need to take stock. After the initial shock of lockdowns and mass remote working, what have we learned from the past two years as we all attempted to adjust to the new reality? You’re working in a landscape of increasing threats and vulnerabilities The widespread shift to the cloud to support those working remotely has inadvertently created a much larger attack surface. The sheer number of new locations, devices, and networks organisations are managing today alone calls for a security rethink – a need that’s magnified by a year-on-year increase in threats. And the pandemic has magnified the problem, sending a huge wav...