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Tag: cybersecurity

Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding
FUNDING

Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding

PALO ALTO, Calif.,18th April, 2023: Safe Security, the leader in AI-based cyber risk management SaaS platforms, today announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company’s total funding to over $100 million. With the current macroeconomic climate, cybersecurity teams are re-evaluating their cybersecurity investments, which are flush with point solutions that do not provide holistic cyber risk visibility and points of attack exposure. Alongside this financial pressure, external cyber regulation and guidelines stemming from the White House and regulatory bodies, like the SEC and the National C...
Quick Heal invest $2 mn in Israel based L7 Defense
FUNDING

Quick Heal invest $2 mn in Israel based L7 Defense

California, 15th Jan 2021: Antivirus firm Quick Heal Technologies invested $2 million in an Israel-based cybersecurity startup L7 Defense. L7 Defense specializes in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF). This is the second round investment by Quick Heal in L7 Defense. Last Year Quick Heal invested $300,000 in L7 Defense to acquired customers in financial, telecom and IT industries across US and Europe. Dr Kailash Katkar, Managing Director and CEO, Quick Heal said, "L7 Defense has proven its unique capabilities in the area of API Security and NG-WAF which led us to further increase our investment. Simultaneously, this move enables 'Seqrite' to foray into application security and strengthen our solution stack to secure m...
CyberSecurity Firm FireEye Raises $400 Million Led by Blackstone
FUNDING

CyberSecurity Firm FireEye Raises $400 Million Led by Blackstone

MILPITAS, Calif., 10th December 2020--FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company raises $400 million in funding led by Blackstone. Blackstone was joined by ClearSky, a cybersecurity-focused investment firm, as a co-investor in the transaction. FireEye also announced that Viral Patel, a Senior Managing Director of Blackstone, and Art Coviello, former chief executive officer of RSA Security, have been appointed to the FireEye Board of Directors, effective immediately. Viral Patel, a Senior Managing Director of Blackstone said, "We have confidence in FireEye's long-term strategic vision and its world-class set of cyber security products and services. As a member of the Board of Directors, I look forward to partnering with management and my fellow board members ...
Spyderbat Raises $4.2M To Usher in New Era of Security Operations
FUNDING

Spyderbat Raises $4.2M To Usher in New Era of Security Operations

AUSTIN, JULY 29, 2020: Spyderbat raises $4.2M in seed funding led by LiveOak Venture Partners and Benhamou Global Ventures with participation from cybersecurity veteran, John McHale. The company will use the capital to accelerate the development of its product launch later this year. The Spyderbat founding team includes cybersecurity pioneers Marc Willebeek-LeMair and Brian Smith, former founders and executives of Click Security and TippingPoint. Venu Shamapant from LiveOak Venture Partners and Venkat Raghavan from Benhamou Global Ventures has joined the company’s board of directors. “Security operations today lack clear information to identify and resolve early indications of a threat,” states Spyderbat’s CEO Marc Willebeek-LeMair. “Shifts to cloud-native environments exace...
The 5 Latest Cybersecurity Trends for Business Success in 2019
Story

The 5 Latest Cybersecurity Trends for Business Success in 2019

In the world of cybersecurity, there’s a constant arms race between companies and hackers. While businesses increase their security protocols, hackers are innovating new methodologies on how to crack them. For that reason, companies are trying to stay ahead of the game and ensure they employ the latest technologies to thwart potential attacks. Here are the top five cybersecurity trends that companies will be employing in 2019 to not only counter hackers but also increase the efficiency and usability of their IT systems. 1) Employee Training Sessions A little bit goes a long way when it comes to cybersecurity. Generally, hackers are looking to exploit easy targets which sometimes doesn’t even involve them in running elaborate attacks against a company’s IT security protocol. Ins...
SparkLabs to Launch a Cybersecurity and Blockchain Program in the US
USA

SparkLabs to Launch a Cybersecurity and Blockchain Program in the US

Investment firm SparkLabs has announced that the company will be launching a cybersecurity and blockchain program in the US that’ll be located in Washington, D.C. from next year. The program will be led by former Startup Grind COO Brian Park and Mike Bott, who is ex-managing director of The Brandery accelerator. The program has been named as “SparkLabs Cybersecurity + Blockchain” and will kick off with an inaugural batch of companies in March next year. “We want to foster and grow a robust ecosystem in both cybersecurity and distributed ledger technologies.  We believe these two verticals are synergetic by nature, but we will seek innovations beyond the overlap,” Park said in a statement. “It’s so early within this space that we are only seeing the Friendsters and MySpaces of the ...
Tata Communications Rolls Out Cybersecurity Response Centre in Dubai
News

Tata Communications Rolls Out Cybersecurity Response Centre in Dubai

Tata Communications has launched an advanced cyber security response centre in Dubai. The centre will offer 24/7 cyber security services to help customers stay one step ahead of evolving cyber threats in the Middle East region. This move marks Tata Communications' fourth dedicated security centre, after Chennai, Pune and Singapore by debuting in Dubai. "Through the new cyber security response centre in Dubai, Tata Communications aims to offer enterprises and government bodies in the UAE and other GCC countries across the region with cyber-attack protection that helps them meet in country regulation requirements...," the company said.  Launching the facility, UAE Minister of State for Artificial Intelligence Omar Sultan Al Olama stated that cybersecurity has become even more paramount ...
Helix Investment Backs Network Intelligence For Expansion
FUNDING

Helix Investment Backs Network Intelligence For Expansion

The cybersecurity service provider, Network Intelligence has raise funds amounting to Rs 33 crore from a non-public fairness agency known as Helix Investments. After the completion of this funding round, the company valuation has crossed Rs 155 crore. The company has plans to utilize these funds for product development and expanding operations abroad to the US and Europe. The security company has been growing and expanding extensively over the past few years and is looking to sustain a compound annual growth rate (CAGR) of 40-50% in the near future. The CEO of the company Kanwal K Mookhey said, “The cybersecurity market is booming, and we want to continue to be well-positioned to meet the demand. Helix Investments is committed to supporting our opportunity in cybersecurity services, wh...
McAfee to Provide Security Solutions for Mobile Wallet
News

McAfee to Provide Security Solutions for Mobile Wallet

McAfee, the leading cyber-security company, is now focusing on developing security solutions for digital wallets to overcome frauds and scams, an aim driven by the increasing use of mobile wallet payment platforms. A quarter of McAfee’s global workforce hail from its Bengaluru office and has now made it a priority to find solutions to frauds and scams that can be achieved from digital wallets. For example, A report from ET published a few weeks ago stated that cases whereby fraudsters were buying merchandise by sending merchants fake mobile wallet payment confirmation messages were on the rise. India has a large number of wallets when compared to other countries. While these wallets are expanding to the newer regions of the country, the number of scams is also increasing by the day, ...
Swachh Internet- Indian Govt to Soft Launch Malware Cleaning System From Dec 20
INDIA

Swachh Internet- Indian Govt to Soft Launch Malware Cleaning System From Dec 20

Government will kick start operations of a long-awaited malware and botnet cleaning centre with soft launch on December 20, a programme aimed at automatically disinfecting computers and mobiles from viruses and malicious software for free. "Major cybersecurity initiative of Digital India. Soft Launch of BotNet cleaning centre of India CERT from December 20," Ministry of Electronics and IT, Additional Secretary Ajay Kumar tweeted today. Botnet is a network of malicious softwares that can steal information, take control of device function and carry out cyber attacks like Distributed Denial-of-Service (DDoS) that prevent access of websites. Government has earmarked Rs 100 crore for setting up this facility. The project was expected to be launched in 2014. When contacted, Kumar said, "...
Hackers broke into nearly 2,000 Vodafone UK customer accounts
News

Hackers broke into nearly 2,000 Vodafone UK customer accounts

LONDON- Vodafone UK said on Saturday hackers had accessed the accounts of 1,827 of its customers this week, the second cyber attack on a British telecoms company this month. The attackers had potentially gained access to the victims' bank sort codes and the last four numbers of their bank accounts, along with their names and mobile telephone numbers, a Vodafone spokesman said. "This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone," he added in a statement. (more…)