Tagged: cybersecurity

Hetz Ventures Secures $123M Fund for Thematic Seed, Pre-Seed Investments

Money Benjamin Dollars 2

Hetz Ventures, one of Israel’s seed-stage venture capital funds, recently announced the closing of its third fund of $123 million. The new fund, Hetz III, brings the firm’s total assets under management to nearly $300 million, and like its previous fund, “was heavily oversubscribed.” Hetz… Read More

Traceable AI Announces $60 Million Series B,

Security Lock Door Deadbolt

Traceable AI, a firm that “protects APIs from the inside” has raised a $60 million Series B round at a valuation of around $450 million. The funding was led by Institutional Venture Partners (IVP), and includes the participation of Tiger Global Management and existing investors… Read More

Sabanci Acquires Israeli OT Cybersecurity Startup Radiflow

Jaffa Tel Aviv Israel

Radiflow, an Israeli OT cybersecurity startup, announced that it is being acquired in “a two-phase process by Sabanci Group, market leaders in the financial services, energy, and industrial sectors.” As mentioned in an update shared with CI, the initial phase entails “a $45 million primary… Read More

Bug Bounty, Vulnerability Platform Intigriti Raises €21 Million Series B

Wanted Poster Reward

Intigriti, a bug bounty and vulnerability disclosure platform, has raised €21,133,700 million in a Series B funding round, according to a company statement. The funding was led by Octopus Ventures, along with the Germany-based fund EnBW New Ventures. Previous investors and Intigriti’s largest shareholder, ETF… Read More

Utimaco, a Provider of Cybersecurity and Compliance Solutions, Acquires Celltick

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Utimaco, an international provider of cybersecurity and compliance solutions, recently announced that it has signed a Share Purchase Agreement with Celltick, a global provider or Public Warning Systems (PWS), Mass Notification Systems (MNS), and one of the largest CBC (Cell Broadcast Center) providers. Recent natural… Read More

Double Extortion Ransomware Increased Almost 500% in 2021, CipherTrace Reports

Pay Now Bitcoin Ransom

CipherTrace, a Mastercard Company, has reported a significant increase in the number of payments “made to ransomware groups in 2021.” The growth in this criminal enterprise “is so large that the first six months of 2021 saw payments that matched the whole of 2020.” With… Read More

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

Insurtech

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

Quantum Computing Report: Business Organizations May Start Preparing for Quantum Advantage

markus spiske unsplash Computer Code Matrix

Organizations need to prepare for a quantum advantage as technological breakthroughs “accelerate the timeline for quantum adoption,” according to an update from Capgemini. As noted in an update shared with CI, quantum technologies “promise exponential speed-up over today’s best supercomputers and will bring to market… Read More

Sygno, Provider of Automated Machine Learning Monitoring Models, Enters ING Labs Program

Science Chemistry Lab Experiment

Sygno, the provider of Automated Machine Learning (AutoML) transaction monitoring models, has reportedly joined the recent cohort of scale-ups that will enter the ING Labs 2022 Program. During the 2022 program, Sygno will aim to bring its tech stack into ING’s transaction monitoring environment and… Read More

Ukraine Conflict Accelerates Russia’s Aim to Block VPNs: Report

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Surfshark, a VPN firm based in Lithuania, has reported “a 3500% surge in Russia sales since February 24 – the day Russia invaded Ukraine.” According to cybersecurity firm Surfshark’s analysis, the Russian telecoms regulator (Roskomnadzor) has forced Google to “delist more than 36,000 URLs that… Read More

Uppsala Security’s RSS Feed Now Integrated with Crypto.com

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Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security recently announced the integration of its RSS news feed with Crypto.com’s Uppsala Security Price Page. Via this integration, Crypto.com users may directly access… Read More

Sure Valley Completes £85 Million Close of Software Tech Fund

UK British Pound Money

Sure Valley Ventures, a venture capital firm that invests in high-growth software companies in sectors such as the Metaverse, artificial intelligence and cybersecurity, has completed an £85m first close of a £95m UK software technology fund. This includes a £50m investment from the British Business… Read More

VISO Trust Welcomes $11M Series A to Drive Growth of AI-Based Cybersecurity Platform

Dark Web Dark Net Danger Beware Money

VISO Trust, an AI-based cybersecurity due diligence platform, has raised $11 million in Series A funding led by Bain Capital Ventures, with additional participation from Work-Bench, Sierra Ventures, and Lytical Ventures. Mandiant CEO Kevin Mandia, Crowdstrike CEO George Kurtz, and former Splunk CEO Doug Merritt also participated in the round, with… Read More

HMBradley Shares Notice About Recent Cybersecurity Incident

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The team at HMBradley reveals that they recently detected a cyberattack on their systems. In this type of attack, often referred to as a “credential stuffing attack”, the perpetrator attempts “to gain access to a customer’s account using login credentials illegally obtained from another source.”… Read More

Sentinel Protocol Developers Explain How to Report Scams, Hacks, Exploits involving Crypto-Assets

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Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

Millions of US Bank, Payment Cards have Been Compromised, NordVPN Reveals

Pick Pocket Theft Steal Crook Criminal Fraud

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN. The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This… Read More

Scribe Security Closes on $7 Million Seed Round

From left to right Rubi Arbel CEO Guy Chernobrov VP RD and Daniel Nebenzahl CTO

  Created by IDF cyber-warfare veterans, Scribe Security has closed on a $7 million seed round led by Elron Ventures with the participation of Tal Ventures, YYM Ventures, and more. Based in Israel, Scribe Security is on a mission to provide a SaaS platform for… Read More

Embroker Explains Why You Should Look into a Commercial Crime Policy, Cyber Liability Insurance

Theft Crime Steal Rob

Embroker, which claims that it offers the easiest way to intelligently insure any business, notes that making sure your business is prepared and protected in any incident “should be top of mind.” Embroker writes in a blog post that a commercial crime policy “aims to protect… Read More

Crypto.com has Allegedly Lost Over 172 BTC, 4,831+ ETH Valued at a Total of $22.5M via Recent Breach: Report

Money Cyber Crime Hack Ransom Theft

The Sentinel Protocol team, which is operating a platform leveraging blockchain technology in order to harness collective cyber security intelligence to protect crypto assets against hackers, scams and fraud, has provided an update regarding the suspicious activity incident involving Crypto.com. Through their team’s preliminary analysis,… Read More

ECI, a Cybersecurity Provider for Financial Services Sector, Appoints Matthew McNulty as CRO

Security Lock Door Deadbolt

ECI, the managed services and cybersecurity provider for the global financial services industry, announced that Matthew McNulty has joined the firm as Chief Revenue Officer. McNulty reportedly brings over 20 years of professional experience in various sales strategies and execution for cybersecurity, digital transformation, and… Read More

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