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Have you ever watched a cat stalk its prey? First, it identifies a target and lies in wait, quietly, hidden from view, observing the behavior of its victim. Minutes can go by as it bides its time, just watching. The mouse or squirrel or bird continues to do its thing, seemingly oblivious to the fact that it’s being tracked.

It’s clear that traditional security architectures and philosophies don’t work anymore. In 2018, cybercrime generated $1.5 trillion in revenue for hackers, growing to $6 trillion by 2021. These statistics are even more alarming in light of the fact that organizations have more security tools in their stacks than ever before.

If you have been following the news, you probably noticed that the Internet is abuzz about the latest vulnerability in Zoom. The attack was identified by Jonathan Leitschuh, a security researcher who has detailed the vulnerability and has provided a PoC to reproduce the attack in this blog post. I would highly recommend that everyone give it a read and take the necessary actions per your company policy.

Every day new phishing campaigns are making the news. One is posing as legitimate emails from the Department of Homeland Security, the next pretends to be an alert from your email server that it has received an encrypted message for you, prompting you to log into a fake OneDrive site. Malicious actors know phishing campaigns are getting easier to identify. As a result, they continue to create new and more creative ideas to trick people. In fact, the 2019 Verizon Data Breach Investigations Report stated that phishing was involved in one third of all cyber attacks across all industries. The reason that number is so high is because even though cyber defenses, in general, are also becoming stronger, phishing attacks prevail, affecting businesses small and large. Attackers can rely on the fact that phishing has proven to be effective.

We are thrilled to announce we have secured $75 million in Series D funding led by JP Morgan Asset Management and other existing investors, including General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JP Morgan Chase and Engineering Capital. This round of funding comes almost two years after our Series C round of $40 million, bringing our total funding to approximately $160 million.

Software as a service (SaaS) is changing the world, as nearly all new businesses use “as a service” solutions to ensure business productivity and seamless collaboration across different functions, both internally and externally to the organization. So why shouldn’t attackers take advantage of this open access and attempt to compromise victims? Well, of course, they have done exactly that. Our data shows that attackers are now jumping on the bandwagon of delivering malware and credential phishing via trusted SaaS brands.

Last month, Microsoft issued 79 patches and among these patches was one for an old Windows XP operating system, which was officially abandoned by Microsoft 5 years ago. The last time Microsoft released an update like this was months before the WannaCry ransomware attacks of 2017 wreaked havoc. Even Microsoft warned of the similarities with Simon Pope, director of incident response for the Microsoft Security Response Center writing, “Any future malware that exploits this vulnerability could propagate from vulnerable computer to vulnerable computer in a similar way as the WannaCry malware spread across the globe in 2017. It is highly likely that malicious actors will write an exploit for this vulnerability and incorporate it into their malware.”

Insurance providers have long been a major target for cybercriminals, which is no surprise considering the large amounts of sensitive client information they maintain like Social Security numbers, employment history, and family contacts. In fact, a recent report by auditing service KPMG says that 81 percent of health insurance companies suffered a data breach in the past two years. Contributing to the problem, many insurance providers are dealing with any mixture of the following: