Internet Security

OneTrust raises $200M at a $1.3B valuation to help organizations navigate online privacy rules

GDPR, and the newer California Consumer Privacy Act, have given a legal bite to ongoing developments in online privacy and data protection: it’s always good practice for companies with an online presence to take measures to safeguard people’s data, but now failing to do so can land them in some serious hot water. Now —…


GDPR, and the newer California Consumer Privacy Act, have given a legal bite to ongoing developments in online privacy and data protection: it’s always good practice for companies with an online presence to take measures to safeguard people’s data, but now failing to do so can land them in some serious hot water.

Now — to underscore the urgency and demand in the market — one of the bigger companies helping organizations navigate those rules is announcing a huge round of funding. OneTrust, which builds tools to help companies navigate data protection and privacy policies both internally and with its customers, has raised $200 million in a Series A led by Insight that values the company at $1.3 billion.

It’s an outsized round for a Series A, being made at an equally outsized valuation — especially considering that the company is only three years old — but that’s because of the wide-ranging nature of the issue, according to CEO Kabir Barday, and OneTrust’searly moves and subsequent pole position in tackling it.

“We’re talking about an operational overhaul in a company’s practices,” Barday said in an interview. “That requires the right technology and reach to be able to deliver that at a low cost.” Notably, he said that OneTrust wasn’t actually in search of funding — it’s already generating revenue and could have grown off its own balance sheet — although he noted that having the capitalization and backing sends a

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Internet Security

DeFiance: billion-dollar finance, million-dollar hacks, and very little value

Over the last year or so, much-to-most of the cryptocurrency world has pivoted from the failure of “fat tokens” and ICOs, and the faltering growth of “Layer 2” payments like Lightning and the late Plasma Network, to the new hotness known as “DeFi,” which this…

Over the last year or so, much-to-most of the cryptocurrency world has pivoted from the failure of “fat tokens” and ICOs, and the faltering growth of “Layer 2” payments like Lightning and the late Plasma Network, to the new hotness known as “DeFi,” which this…
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Internet Security

Tinder’s handling of user data is now under GDPR probe in Europe

Dating app Tinder is the latest tech service to find itself under formal investigation in Europe over how it handles user data. Ireland’s Data Protection Commission (DPC) has today announced a formal probe of how Tinder processes users’ personal data; the tr…

Dating app Tinder is the latest tech service to find itself under formal investigation in Europe over how it handles user data.
Ireland’s Data Protection Commission (DPC) has today announced a formal probe of how Tinder processes users’ personal data; the tr…
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Internet Security

Social media boosting service exposed thousands of Instagram passwords

A social media boosting startup, which bills itself as a service to increase a user’s Instagram followers, has exposed thousands of Instagram account passwords. The company, Social Captain, says it helps thousands of users to grow their Instagram follower co…

A social media boosting startup, which bills itself as a service to increase a user’s Instagram followers, has exposed thousands of Instagram account passwords.
The company, Social Captain, says it helps thousands of users to grow their Instagram follower co…
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Internet Security

The crypto rich find security in Anchorage

Not the city, the $57 million-funded cryptocurrency custodian startup. When someone wants to keep tens or hundreds of millions of dollars in Bitcoin, Ethereum, or other coins safe, they put them in Anchorage’s vault. And now they can trade straight from custo…

Not the city, the $57 million-funded cryptocurrency custodian startup. When someone wants to keep tens or hundreds of millions of dollars in Bitcoin, Ethereum, or other coins safe, they put them in Anchorage’s vault. And now they can trade straight from custo…
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