BalaBit secures $8m for business-friendly IT security

BalaBit has raised a $8 million Series A round of funding to speed up the development and expansion of its pioneering IT security platforms. The new investment will be used to fuel BalaBit’s international expansion in North America and additional European markets including the UK and Scandinavia. The cash was raised from London based C5 Capital, Europe’s first dedicated investor in the security and data sector.

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Growing number of successful attacks

33% said a malware attack cost on average between £10,000 and £50,000 to remediate, highlighting need for greater threat intelligence when securing IT networks. Check Point has announced the findings of a survey showing that a combination of progressively more sophisticated malware and lack of intelligence about new security threats are key reasons for the growing number of successful malware attacks.

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Cisco survey reveals many British employees take too many risks with wi-fi security

‘Beach to Breach’ study found nearly two thirds of workers do not check the security of a wi-fi network before accessing it, despite 69% being advised of the risk.

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F-Secure finds IoT threats and attacks are increasing, but rely on well-known security weaknesses.
Databarracks has appointed Mike Osborne, former managing director of business continuity, cloud...
Sophos has announced the appointment of Bryan Barney as senior vice president and general manager...
Despite headline-making breaches that have called attention to the importance of data encryption,...
Capgemini Deutschland GmbH has been awarded three framework agreements with the Data Processing and...
68% of IT organisations have no to modest confidence to manage digital threats, despite a...
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Ferrari: A New Perspective on Cybersecurity

Ferrari took a strategic decision to choose Kaspersky Lab as their IT Security provider. They wanted to introduce more stringent IT security measures, both to protect their core business and to ensure an increase in safety. Find out more in this exclusive video.

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