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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Facilitating employee reporting of phishing attempts is an effective security control when teams...
Data Centre Expo and Enterprise Security Expo round out Europe’s number one end-to-end...
Research shows 90 per cent of businesses had security breaches in the last year.
ISACA research shows 1 in 5 enterprises experienced an APT attack; 1 in 3 of those don’t know...
New Compliance Resource Centre whitepaper enables organisations to prepare for the transition from...
Report highlights the damaging impact of data breaches with share prices dropping an average of...
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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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