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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35% of IT professionals acknowledge that insider threat is biggest risk to networks.
As cloud computing re-charts the path of enterprise IT, organisations are vastly underestimating...
SafeNet, Inc. has announced ProtectV for Service Providers, an encryption solution that lets...
The 2015 Data Protection Best Practices and Risk Assessment Guides has revealed that in January to...
New partnership extends Becrypt’s international footprint, opening up new markets in the USA.
Nearly two-thirds of UK consumers say experiencing a data leak/breach would likely make them leave...
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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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