Cybersecurity/Information Security

Cybersecurity/Information Security

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft’s operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance...
Darkhive

Darkhive raises $21m in Series A for advanced UAS security solutions

Darkhive, a trailblazer in defense technology, has announced the close of a $21m Series A funding round spearheaded by Ten Eleven Ventures.
Revolutionizing developer security: Arcjet secures $3.6m led by Andreessen Horowitz

Arcjet, a trailblazer in developer security solutions, has successfully closed a seed funding round of $3.6m.
European software firm SecureFlag bags significant funding from Copilot Capital

European software firm SecureFlag bags significant funding from Copilot Capital

Copilot Capital, a new private equity firm, has announced a significant majority investment in SecureFlag, a dynamic software company known for its cutting-edge cybersecurity training solutions.
CIBC Innovation Banking fuels threatER with growth capital to enhance cyber defenses

CIBC Innovation Banking fuels threatER with growth capital to enhance cyber defenses

CIBC Innovation Banking provides growth capital to threatER, a leader in cyber defense technology, bolstering its capabilities to secure networks against sophisticated digital threats.
American Binary secures $1m investment from HEST to enhance quantum encryption

American Binary secures $1m investment from HEST to enhance quantum encryption

American Binary, a trailblazer in post-quantum encryption technologies, has recently secured a strategic investment.
Hypernative secures $16m in Series A to enhance Web3 security solutions

Hypernative secures $16m in Series A to enhance Web3 security solutions

Hypernative, a leader in Web3 security solutions, has successfully secured a $16m Series A funding round.
MOXFIVE secures growth investment from Falfurrias to enhance cyber defenses

MOXFIVE secures growth investment from Falfurrias to enhance cyber defenses

Falfurrias Management Partners, a private equity firm, has made a significant growth investment in MOXFIVE, a cybersecurity company dedicated to enhancing incident response capabilities and reducing future attack risks.
VIPRE Security and Schoox unite to boost enterprise cybersecurity training

VIPRE Security and Schoox unite to boost enterprise cybersecurity training

VIPRE Security, a leading entity in advanced cybersecurity solutions, has joined forces with Schoox, a prominent provider of learning and talent development software.
TechCreate and IDEMIA Secure Transactions team up to transform digital payments in Cambodia

TechCreate and IDEMIA Secure Transactions team up to transform digital payments in Cambodia

TechCreate Solution, a renowned provider of digital payment, IT security, and infrastructure solutions, has formed a strategic partnership with IDEMIA Secure Transactions (IST), a leading technology provider specialising in secure digital transactions.

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