SpyCloud has closed a $30 million Series C round to grow its product and engineering teams and build new ways to detect and prevent fraud, the company said Tuesday. The investment was led by Centana Growth Partners, with participation from all existing investors: M12, Microsoft's venture fund; Altos Ventures; Silverton Partners; March Capital Partners.

SpyCloud has secured $21M in a round of Series B financing led by Microsoft’s M12 venture fund and backed by March Capital Partners, Silverton Partners and Altos Ventures. The company said Wednesday it will use the investment to broaden its research-and-development work on account takeover prevention tools, expand its security research team and sales and marketing organization, increase its international presence and grow its database of recovered assets.

John Stewart, former senior vice president and chief security and trust officer at Cisco, has been appointed chairman of the board of directors of Vienna, Va.-based data security technology provider CyVolve.

Department of Defense acquisition officials are close to finalizing a memorandum of understanding with the accreditation body for DoD’s Cybersecurity Maturity Model Certification program to define the responsibilities and roles of CMMC auditors, Inside Defense reported Wednesday. The Potomac Officers Club will host its CMMC Forum 2020 on April 2. Click here to register for the event.