New Company Launches to Help Businesses Check if Their Partners Are Safe
A startup called Magnitude is using AI to help companies check the security of businesses they work with. This doesn't directly affect families right now.
Source
SecurityWeek
Original headline: Magnitude Emerges From Stealth Mode With $10 Million in Funding
Plain-English summary by GetCyberRight. Read the full report at the source above.
A new cybersecurity company called Magnitude has launched with $10 million in funding. The company uses artificial intelligence to help businesses evaluate the security practices of other companies they work with. This is part of what's called third-party risk management, which means checking if your business partners have good security before sharing data with them.
This news doesn't directly affect families or home internet users. Magnitude's service is designed for businesses and organizations, not individuals. The company aims to help enterprises automatically monitor whether their vendors and partners follow good cybersecurity practices.
You don't need to take any immediate action based on this news. This is a business-to-business service that won't change how you use the internet at home or protect your family's personal information. However, this development does highlight an important principle you can apply at home.
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Just like businesses need to check if their partners are trustworthy, you should verify that services and apps you use have good security practices. Before signing up for a new service, look for signs they take security seriously: do they offer two-factor authentication?
Do they have a clear privacy policy? These basic checks can help protect your family's information online.
Curated from trusted cybersecurity sources by GetCyberRight
Source: SecurityWeekStay ahead of cyber threats
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