Tagged: cybersecurity

June 18, 2022 @ 3:03 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) Innovation Hub is announcing a new set of projects across its various centers, “updating its 2022 work program.” They include the first three projects of the upcoming Eurosystem Centre and the first in-depth explorations in cybersecurity. The Eurosystem Centre… Read More

June 5, 2022 @ 9:31 pm By Omar Faridi  |  

Cybersecurity has been around for many years, albeit initially “confined to antivirus software with a limited understanding of network security,” according to an update from Juniper Research. The “exponential” growth of interconnectivity and personal and business information online in the late 1990s and 2000s, and… Read More

May 25, 2022 @ 2:31 pm By Omar Faridi  |  

With cybercrime expected to cost $10.5 trillion annually by 2025, innovating cybersecurity remains critical across industries “facing rapid digitization.” Mastercard (NYSE: MA) has announced the launch of new attack simulation and assessment platform Cyber Front, “enabled by a strategic minority investment in Picus Security.” The… Read More

May 8, 2022 @ 11:26 pm By Omar Faridi  |  

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

May 3, 2022 @ 9:00 am By JD Alois  |  

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

May 2, 2022 @ 12:23 am By Omar Faridi  |  

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

April 26, 2022 @ 9:07 am By JD Alois  |  

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

April 25, 2022 @ 9:28 pm By Omar Faridi  |  

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

April 19, 2022 @ 8:34 am By Omar Faridi  |  

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

April 13, 2022 @ 4:16 pm By Omar Faridi  |  

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

April 4, 2022 @ 11:47 pm By Omar Faridi  |  

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

March 29, 2022 @ 7:37 pm By Omar Faridi  |  

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

March 21, 2022 @ 9:37 am By Omar Faridi  |  

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

March 5, 2022 @ 5:35 pm By Omar Faridi  |  

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

March 4, 2022 @ 4:05 pm By Tony Zerucha  |  

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

March 3, 2022 @ 4:59 pm By Tony Zerucha  |  

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

March 2, 2022 @ 3:02 pm By Omar Faridi  |  

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

February 22, 2022 @ 9:59 am By Omar Faridi  |  

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

January 29, 2022 @ 12:36 pm By Omar Faridi  |  

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

January 27, 2022 @ 1:02 am By JD Alois  |  

  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