Investors’ pledge to fight spyware undercut by past investments in US malware maker Cyber investors announced commitments to fighting spyware, but at least one firm previously invested in an exploit maker

Investors’ pledge to fight spyware undercut by past investments in US malware maker Cyber investors announced commitments to fighting spyware, but at least one firm previously invested in an exploit maker

TechCrunch·2024-03-23 20:01

On Monday, the Biden administration announced that six new countries had joined an international coalition to fight the proliferation of commercial spyware, sold by companies such as NSO Group or Intellexa.

Now, some investors have announced that they too are committed to fighting spyware. But at least one of those investors, Paladin Capital Group, has previously invested in a company that developed malware, according to a leaked 2021-dated slide deck obtained by TechCrunch, although the firm tells TechCrunch it “got out” of the firm some time ago.

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