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Security news for August 13 2021: US injects a massive investment into cybersecurity

isaac_noko ✭✭
edited August 2021 in This Week in Security News

Here is your round-up of some of the more interesting cybersecurity headlines for the week of August 13, 2021:

Cybersecurity firm Norton buys Avast for over $8 bn

The US cybersecurity giant NortonLifeLock is slated to purchase its Czech rival Avast for over $8 billion.

Senate includes over $1.9 billion for cybersecurity in an infrastructure bill

The funds will go toward securing critical infrastructure against attacks, helping vulnerable organizations defend themselves, and providing funding for a key federal cyber office, among other initiatives.

Hackers Steal $600M In One of The Biggest Cryptocurrency Heists Ever

In what is called the biggest heist ever, PolyNetwork, a decentralized finance (DeFi) firm working on interoperability of crypto coins was hacked and multiple cryptocurrencies were transferred out.