ALTR, a cybersecurity startup which uses blockchain technology, has emerged from stealth with an announcement that it has raised $15 million in venture capital.
Virtru secures $37 million Series B Funding
Cybersecurity startup Virtru, which developed out of NSA research, has secured $37 million funding in a Series B investment round led by ICONIQ Capital.
CyberInt raises $18M Series B funding
Israeli cybersecurity company CyberInt has raised $18 million in Series B funding, in a round led by Viola Growth with participation from existing investors. The investment brings total disclosed funding to $28 million.
Cybersecurity gaining strategic significance as breach costs rise
Data breach costs have risen significantly over the past two years for companies of all sizes, with the average enterprise data breach costing over $1 million.
Under threat – Cyber security startups fall on harder times
Many cybersecurity startups become corporate “zombies” with little prospect of fetching a good price in an initial public offering (IPO) or becoming acquisition targets, according to experts.
Cyber security report: Hacking attacks on UK businesses cost investors £42bn
A new study commissioned by cyber security firm CGI and conducted by Oxford Economics, has found that companies’ share prices fall by an average of 1.8 per cent on a permanent basis following a severe breach.
The new short: find industries exposed to exotic hacking attacks
“This one blew up. This was like nothing else we’d seen,” said Butts, who, like the hackers working with Muddy Waters, researches ways to subvert safeguards designed to prevent intruders from breaking into medical devices. “This is almost like The Big Short — someone saw something that nobody else did.”