Render secures $100M Series C extension , hitting $1.5B valuation & $258M total funding. Led by Georgian with Addition, Bessemer, GC. Building unified AI cloud platform with Workflows, AI gateway & object storage for agentic apps—a key developer-friendly alternative to hyperscalers
Sydney-based fintech youX has confirmed a massive data breach exposing the personal and financial details of 444,538 Australian borrowers. An unsecured database left 141GB of data, including loan applications, driver's licences, and residential addresses, accessible for at least 10 months.
A critical pre‑authentication remote code execution flaw in BeyondTrust’s Remote Support and Privileged Remote Access allows unauthenticated attackers to run arbitrary commands on exposed appliances, enabling full system compromise and broad lateral movement.
Render secures $100M Series C extension , hitting $1.5B valuation & $258M total funding. Led by Georgian with Addition, Bessemer, GC. Building unified AI cloud platform with Workflows, AI gateway & object storage for agentic apps—a key developer-friendly alternative to hyperscalers
Sydney-based fintech youX has confirmed a massive data breach exposing the personal and financial details of 444,538 Australian borrowers. An unsecured database left 141GB of data, including loan applications, driver's licences, and residential addresses, accessible for at least 10 months.
A critical pre‑authentication remote code execution flaw in BeyondTrust’s Remote Support and Privileged Remote Access allows unauthenticated attackers to run arbitrary commands on exposed appliances, enabling full system compromise and broad lateral movement.
Where cybersecurity meets innovation, the CNC team delivers AI and tech breakthroughs for our digital future. We analyze incidents, data, and insights to keep you informed, secure, and ahead. Sign up for free!
The $700 Billion Reckoning: Why Tech Titans Are Betting the Future on AI—And Borrowing Like Sovereigns to Do It
Australian firm FIIG Securities has been ordered to pay a $2.5 million penalty by the Federal Court following ASIC action over significant cybersecurity failures that led to a major data breach in 2023. The landmark case sets a new precedent for cyber resilience obligations for AFS licensees.
Artificial Labs has raised $45M in Series B funding to expand its AI-driven underwriting platform across global insurance markets. Backed by CommerzVentures, the London insurtech aims to modernise specialty insurance through automation, data intelligence, and scalable digital trading.
Victoria's largest not-for-profit private hospital group, Epworth HealthCare, has been targeted by a fake ransomware group known as 0APT. The group claims to have stolen 920GB of patient data, but evidence suggests it is a bluff designed to extort money through psychological warfare.
SpaceX's $1.25T xAI merger: Musk bets on solar-powered AI, blurring natural & artificial. Unified Musk Industries could accelerate energy transition, space manufacturing & planetary-scale AI, heralding cosmic-scale cogitation & boundless intelligence.
A critical 9.8‑rated flaw (CVE-2025-40551) in SolarWinds Web Help Desk is under active exploitation, letting unauthenticated attackers execute remote code and prompting urgent patch orders for government and enterprise users worldwide.
German insurance major HanseMerkur has been targeted by the Russia-aligned Dragonforce ransomware gang, which claims to have stolen 97GB of data. The attack on the €3 billion firm highlights the escalating threat of ransomware to the global financial services and insurance sectors.
San Francisco-based AI startup Fieldguide has closed a $75 million Series C funding round led by Goldman Sachs Alternatives' growth equity group, achieving a $700 million post-money valuation. The raise brings total venture funding to $125 million as the firm expands its AI enterprise platform.
Artificial Labs has raised $45M in Series B funding to expand its AI-driven underwriting platform across global insurance markets. Backed by CommerzVentures, the London insurtech aims to modernise specialty insurance through automation, data intelligence, and scalable digital trading.
San Francisco-based AI startup Fieldguide has closed a $75 million Series C funding round led by Goldman Sachs Alternatives' growth equity group, achieving a $700 million post-money valuation. The raise brings total venture funding to $125 million as the firm expands its AI enterprise platform.
Israeli startup Factify has raised $73 million in a seed round to build a new document standard for the AI era, aiming to replace the static PDF with intelligent, governable records. The funding was led by Valley Capital Partners and backed by prominent figures in technology and finance.
Hayward's HEN Technologies has secured $22 million in Series A funding to scale its AI-driven fire suppression platform. The company's IoT-enabled hardware captures real-world physics data, creating a predictive analytics engine for emergency response.
Apple’s new research paper dismantles the myth of AI reasoning, revealing that models from OpenAI, Anthropic, and Google collapse under complex tasks. Released ahead of WWDC 2025, the findings challenge billion-dollar AGI claims and expose the industry’s most persuasive illusion.
AI is reshaping Western defense, but with progress comes risk. Australia stands at a crossroads: lead in securing AI-driven military tech or risk importing vulnerabilities. As global powers weaponize algorithms, oversight, cooperation, and resilience are now mission-critical.
Cloudflare CEO Matthew Prince issues a stark warning about AI’s growing impact on web economics, revealing how zero-click search and AI scraping are threatening the sustainability of content creators and publishers across the internet.
Saudi Arabia’s bold $600 billion AI initiative, powered by U.S. tech leaders NVIDIA and AMD, transforms global tech alliances. With relaxed U.S. chip export rules boosting Gulf capabilities, the Global South must swiftly recalibrate strategies to compete in the new AI power landscape.
Where cybersecurity meets innovation, the CNC team delivers AI and tech breakthroughs for our digital future. We analyze incidents, data, and insights to keep you informed, secure, and ahead. Sign up for free!
