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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Attacks will broaden and differentiate to penetrate new vulnerable surfaces.
PhishLabs Threat Trends and Intelligence Report show attacks grow 31.5% year-to-date over 2020,...
Security and privacy concerns plague 77% of IT leadership when building and implementing mobility...
Pulsant, UK provider of hybrid cloud services, is now a Cyber Essentials Certifying Body,...
NTT Com Security AG is expanding its commitment in Switzerland with the full acquisition of...
Cisco is advancing its Security Everywhere strategy deeper into the cloud, network, and endpoints...
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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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