[Hub Security in Geektime] Israeli Cyber firm HUB Security merges with TASE traded ALD

Advanced Logistics Development (ALD), a publicly-traded company on the Tel Aviv Stock Exchange, plans on merging with OurCrowd backed cyber company HUB Security. The cyber firm, which is also supported by global insurance leader AXA, announced that the merger will lead a $ 65 million cash injection to the company.

Read more  here.

The post [Hub Security in Geektime] Israeli Cyber firm HUB Security merges with TASE traded ALD appeared first on OurCrowd Blog.

OurCrowd Blog

[Morphisec in iHLS] Proactive Cyber Protection – Morphisec is Transforming Endpoint Security

Increasing losses from cybercrime have become a challenge for enterprises of all sizes. This has led to, over the past five years, a dramatic increase of over $ 100 billion in security spending. During the same period, despite the increased budget, cybersecurity-related losses have doubled, from $ 3 trillion to $ 6 trillion, according to Cybersecurity Ventures. The reason is that legacy and next-generation antivirus (NGAV) tools are increasingly ineffective against advanced attacks.

Read more here.

The post [Morphisec in iHLS] Proactive Cyber Protection – Morphisec is Transforming Endpoint Security appeared first on OurCrowd Blog.

OurCrowd Blog

[Stellar Cyber in Business Wire] Stellar Cyber Wins TMC Cybersecurity Excellence Award

SANTA CLARA, Calif.–(BUSINESS WIRE)–Stellar Cyber, the only intelligent next-gen security operations platform powered by Open XDR, announced today that it has won an Internet Telephony Cybersecurity Excellence Award.

Read more here.

The post [Stellar Cyber in Business Wire] Stellar Cyber Wins TMC Cybersecurity Excellence Award appeared first on OurCrowd Blog.

OurCrowd Blog

British startup CybSafe secures €6.3 million to help companies manage human cyber risk

Today CybSafe, a startup that’s transforming the way organisations manage human cyber risk, today announced an approx. €6.3 million Series A1 round. The round was led by deep tech investors IQ Capital, with participation from Hannover Digital Investments GmbH (HDI Group) and B8 Ventures. This investment comes as a result of the company’s continued momentum,…

This content is for members only. Visit the site and log in/register to read.

The post British startup CybSafe secures €6.3 million to help companies manage human cyber risk first appeared on EU-Startups.

EU-Startups

[Stellar Cyber in Forbes] Is The Intelligent SOC A Smart Idea?

Much has been touted about the intelligent SOC, particularly from security vendors hawking their latest wares.

Read more here.

The post [Stellar Cyber in Forbes] Is The Intelligent SOC A Smart Idea? appeared first on OurCrowd Blog.

OurCrowd Blog

[BioCatch in The Wall Street Journal] Cyber Startups Face Broader Funding Challenge in 2021

Disruption caused by the coronavirus pandemic forced startups and their investors to rethink how they did business in 2020. This year, venture-capital firms say, companies that want to attract funding will have to move beyond established niches, while competing with global rivals and enduring greater scrutiny than in the past.

Read more here.

The post [BioCatch in The Wall Street Journal] Cyber Startups Face Broader Funding Challenge in 2021 appeared first on OurCrowd Blog.

OurCrowd Blog

Chris Krebs and Alex Stamos have started a cyber consulting firm

Former U.S. cybersecurity official Chris Krebs and former Facebook chief security officer Alex Stamos have founded a new cybersecurity consultancy firm, which already has its first client: SolarWinds .

The two have been hired as consultants to help the Texas-based software maker recover from a devastating breach by suspected Russian hackers, which used the company’s software to set backdoors in thousands of organizations and to infiltrate at least 10 U.S. federal agencies and several Fortune 500 businesses.

At least the Treasury, State and the Department of Energy have been confirmed breached, in what has been described as likely the most significant espionage campaign against the U.S. government in years. And while the U.S. government has already pinned the blame on Russia, the scale of the intrusions are not likely to be known for some time.

Krebs was one of the most senior cybersecurity officials in the U.S. government, most recently serving as the director of Homeland Security’s CISA cybersecurity advisory agency from 2018, until he was fired by President Trump for his efforts to debunk false election claims — many of which came from the president himself. Stamos, meanwhile, joined the Stanford Internet Observatory after holding senior cybersecurity positions at Facebook and Yahoo. He also consulted for Zoom amid a spate of security problems.

In an interview with the Financial Times, which broke the story, Krebs said it could take years before the hackers are ejected from infiltrated systems.

SolarWinds chief executive Sudhakar Ramakrishna acknowledged in a blog post that it had brought on the consultants to help the embattled company to be “transparent with our customers, our government partners, and the general public in both the near-term and long-term about our security enhancements.”

Startups – TechCrunch

Input on Starting a Cyber Insurance Company

Hi all,

I am researching the prospect of starting a cyber insurance company, and would love to hear from anyone who has experience dealing with cyber insurance in any way.

I am finishing my master’s in cyber security, and have previous experience working in another type of insurance. I understand cyber insurance is a VERY different animal, though.

I also have a background in actuarial and accounting work, in addition to my more recent technical and cyber security experience. This is what initially drew my interest to cyber insurance.

Any input or thoughts you might share would be so appreciated. Thank you!

Tl;dr: What are your thoughts/experiences regarding cyber insurance and the industry?

submitted by /u/cheeseypita1994
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

[Stellar Cyber in Business Wire] Stellar Cyber Launches MSSP Jumpstart Partner Program

Stellar Cyber, the leading security operations platform for MSSPs, has introduced its MSSP Jumpstart Partner Program, a partner initiative that drives substantial new opportunity for managed security services providers (MSSPs). Stellar Cyber provides MSSP partners with a comprehensive AI-powered platform to deliver differentiated MDR and SOC services, while increasing operational efficiency and significantly reducing operating costs.

Read more here.

The post [Stellar Cyber in Business Wire] Stellar Cyber Launches MSSP Jumpstart Partner Program appeared first on OurCrowd Blog.

OurCrowd Blog