Threat detection startup Vectra AI enters the unicorn club after latest cash injection
San Jose-based threat detection and response company Vectra AI raised $130m in a funding round that valued the company at $1.2bn.
The round, which brought...
BAE survey details steep hike in cybercrime during pandemic
A BAE Systems survey has found nearly three-quarters of financial organisations have experienced a rise in cybercrime since the beginning of the Covid-19 pandemic.
Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
President Biden rolls out 100-day plan to bolster US grid cybersecurity
US President Joe Biden has announced a 100-day plan focused on rapidly strengthening US power grid cybersecurity.
The west is facing a ‘moment of reckoning’ on cybersecurity, GCHQ chief warns
The head of GCHQ has claimed the UK and its allies face a ‘moment of reckoning’ where the global direction of cybersecurity may not be ‘shaped and controlled by the west’.
Thoma Bravo acquires Proofpoint in a $12.3bn deal to build its cybersecurity portfolio
Private equity Thoma Bravo inked a $12.3bn all-cash deal to acquire SaaS-based cybersecurity firm Proofpoint.
Deep Instinct eyes ‘hyper-growth’ as it snares $100m Series D
Cybersecurity enterprise Deep Instinct has closed a $100m Series D funding led by global asset juggernaut BlackRock.
CluedIn eyes expanded global footprint following $15m Series A
Danish data management company CluedIn has raised $15m from a Series A funding round led by Dawn Capital.
US eyes greater cyber influence with new Cyber Diplomacy Act bill
The US House of Representatives has passed a bill that would create a cyber diplomacy office at the US State Department and boost US influence in global cyberspace.
Why SMEs need to worry about the threat of cyberattacks
As the world treads towards an increasingly digitised ecosystem, cyber threats and online fraud is not uncommon and no one is immune to them but SMEs may not be aware of the devastating consequences of a cyberattack, according to KYND.
