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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Lack of control of personal data most likely to drive consumers to another brand (54%), followed by...
Sophos has published a new sectoral survey report, “The State of Ransomware in Manufacturing and...
BeyondTrust has introduced what it says is a first-of-its kind privilege management solution for...
Lieberman Software survey reveals that today’s complicated IT security solutions are not...
NTT Com Security AG is expanding its commitment in Switzerland with the full acquisition of...
Pulse Secure Elite Partner DXC delivers upgraded secure access without user disruption to help the...
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The powers of identity and privilege

By combining Okta, the leader in identity access management; SailPoint, the leader in identity governance; and CyberArk, the leader in privileged access security; organizations now have a unified solution to securely manage and govern all users.

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