TechCrunch Startup News Flare raises $30M to thwart info-stealers like those used on Snowflake customers
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Dec 17, 2024 Explore the rising menace of info-stealer malware and its impact on cybersecurity. Discover how a Montreal startup is revolutionizing the fight against account takeovers with innovative solutions. Learn about a new service that monitors the dark web for compromised credentials while automating password resets. With a significant funding boost, this startup is gearing up to expand its efforts against cybercrime and make waves in the threat intelligence market.
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Rise of Info-Stealers
- Cybercrime increased in 2024 due to info-stealer malware, which collects login credentials.
- Hackers now purchase stolen credentials on the dark web instead of exploiting network vulnerabilities.
Snowflake Incident
- The Snowflake incident earlier this year highlighted a significant info-stealing event.
- Hackers compromised Snowflake environments using stolen credentials, not by breaching the platform itself.
Flare's Solution
- Flare offers an account and session takeover prevention feature.
- This service monitors the dark web for compromised logins and resets passwords before hackers can use them.