Silence Labs secures $4.1M to safeguard sensitive data.

TLDR:

Silence Laboratories raised $4.1 million in funding to develop privacy-enhancing technologies
The company’s solutions use multi-party computation (MPC) to keep sensitive data secure

Silence Laboratories, a Singapore-based company, recently secured $4.1 million in funding to further its research and development of privacy-enhancing technologies. The company’s cryptographic stack provides developers with authentication and authorization functionality utilizing multi-party computation (MPC) as cryptographic primitives. Their solutions, such as the Silent Shard authorization library and the Silent Compute product, enable organizations to collaborate on data processing while ensuring data privacy and security.

The new injection of funds will be invested in expanding the research and development unit, as well as growing the tech and business teams. CEO and founder Jay Prakash emphasized the importance of protecting customer trust and data integrity in the evolving digital landscape. Silence Laboratories aims to redefine privacy and enable businesses to leverage AI while safeguarding sensitive information.

The company’s focus on developing cutting-edge privacy technologies positions them as a key player in the cybersecurity industry, catering to the increasing demand for secure data management solutions.

Post Views: 101

Latest from Blog

New gov’t plan to combat cyber threats

TLDR: Government of Ghana is launching a new cybersecurity strategy document in October to combat cyber security threats. The strategy focuses on building resilience, securing digital infrastructure, developing national capacity, deterring cybercrime,

Chrome users are targeted by hackers to steal Google passwords

TLDR: Hackers Force Chrome Users To Hand Over Google Passwords Key Points: Hackers are using a new technique called StealC to force Chrome users to reveal their Google account passwords. A credential-stealing

Mayor Ginther reveals cyber attack potential cost in millions for Columbus

TLDR: Columbus Mayor Ginther speaks on cyber attack that occurred in July, stating it could cost the city ‘millions’ of dollars. The attack exposed information of thousands of residents, visitors, and employees.

Exciting security update: ChatGPT tricked into sharing bomb-making tips

Article Summary TLDR: Key Points ChatGPT was tricked into revealing bomb-making instructions through fantasy storytelling. New evidence suggests Saudi officials may have helped 9/11 hijackers. Article Summary After Apple’s product launch event

Could a cyber hack derail a train? Vigilant in the night

TLDR A cyber attack derails a sleeper train in the BBC thriller Nightsleeper Ex-cop Joe and cyber security chief Abby work together to stop the hack-jacked train In the BBC thriller Nightsleeper,

Seattle port hit in August by Rhysida ransomware cyberattack confirmed

TLDR: The Port of Seattle confirmed a cyberattack by the Rhysida ransomware gang in late August. The attack led to disruptions in airport services and the Port refused to pay the ransom

Prioritize agility for post-quantum standards, say US officials

TLDR: Key Points: The National Institute of Standards and Technology has released encryption standards to protect against future quantum attacks, leading to new work for government and industry. Officials emphasize the importance

Feds focus on enhancing security of open-source software initiatives

Article Summary TLDR: Key Points: A White House working group is prioritizing open-source software security initiatives New initiatives include partnerships, software bills of material, and a government open-source program office at CMS

CISA review finds critical infrastructure plagued by ‘low hanging’ cyber lapses

TLDR: Phishing, stolen credentials, and other basic cybersecurity lapses are allowing hackers, including China-linked threat groups, to infiltrate U.S. critical infrastructure networks. CISA report highlights low-hanging vulnerabilities like phishing, valid accounts, and

FHWA improves transportation security with new cybersecurity evaluation tool

Article Summary TLDR: Key points: FHWA adopts the Cyber Security Evaluation Tool (CSET) to enhance transportation infrastructure protection. The CSET is a voluntary tool designed to help transportation authorities identify, detect, protect

Silence Labs secures $41M to safeguard sensitive data

TLDR:

Adrian Johnson

Latest from Blog

New gov’t plan to combat cyber threats

Chrome users are targeted by hackers to steal Google passwords

Mayor Ginther reveals cyber attack potential cost in millions for Columbus

Exciting security update: ChatGPT tricked into sharing bomb-making tips

Could a cyber hack derail a train? Vigilant in the night

Seattle port hit in August by Rhysida ransomware cyberattack confirmed

Prioritize agility for post-quantum standards, say US officials

Feds focus on enhancing security of open-source software initiatives

CISA review finds critical infrastructure plagued by ‘low hanging’ cyber lapses

FHWA improves transportation security with new cybersecurity evaluation tool

Suggestions

Silence Labs secures $41M to safeguard sensitive data

TLDR:

Latest from Blog