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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Despite prioritizing privileged access management, a majority of enterprises fail to prevent the...
Securing user logins using secure elements and FIDO U2F authentication.
New enterprise data security offerings from HP Atalla and HP Security Voltage address...
Former Northrop Grumman Chairman and CEO Dr. Ronald D. Sugar joins privileged account...
New data ranking the ‘cybermaturity’ of organisations reveals the most commonly targeted...
Kaspersky Lab has undertaken a master review of the key events that defined the threat landscape in...
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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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