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Cybersecurity

Canadian Cybersecurity Startup Secures $10M Series A from Range of Investors

July 23, 2024 by Newsdesk

Toronto-based cybersecurity startup Protexxa has raised $10 million in a Series A funding round. Founded in 2021 by Claudette McGowan, Protexxa offers an AI-driven platform that identifies and resolves cyber issues, focusing on improving cyber hygiene and incident response.

New and leading investors in the Series A were Bell Ventures, the venture arm of Bell Canada, and Sandpiper Ventures. The round also saw participation from existing shareholders Export Development Canada, BKR Capital, The Firehood Angels, and Graphite Ventures, among others. “Protexxa has proven the human-side of risk is where the world needs to focus,” stated a Firehood cofounder.

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Flights Halted, Healthcare Disrupted: How the ‘Blue Screen of Death’ Impacted Canada

July 21, 2024 by Newsdesk

A once-in-a-blue-moon cyber fiasco recently halted key operations around the world, including within major sectors across Canada, when an awry Crowdstrike update rendered nearly 10 million Microsoft devices into a state of uselessness which some dubbed “the blue screen of death.”

In Canada, services at airports, hospitals, and police stations were among those impacted by sudden tech disruption. For example, “the vast majority of arrivals and departures between Canada and the U.S. at airports in Toronto, Vancouver, Calgary, and Montreal were postponed or called off,” reported the National Post. Within a day, however, “regular operations had been restored” at many of the affected organizations.

Want to know more? Check out the source code here.

Microsoft Officially Responds to Worldwide Windows Fiasco: ‘Less Than 1%’

July 20, 2024 by Newsdesk

Microsoft has officially responded to the major cybersecurity incident that caused drama around the world. The company determined that 8.5 million devices were affected, which sounds like a lot, but actually represents “less than one percent of all Windows machines,” according to David Weston, who serves Microsoft as Vice President of Enterprise and OS Security.

Weston clarified the affair “was not a Microsoft incident”—placing the blame squarely at the feet of CrowdStrike—but nonetheless says Microsoft is taking steps to “collect information and expedite solutions.” This incident illustrated, for better or worse, “the interconnected nature of our broad ecosystem,” the SVP observed.

Want to know more? Check out the source code here.

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