August 14, 2024 at 08:39AM Kiteworks, a secure data sharing solutions provider, secures $456 million in growth equity investment from Insight Partners and Sixth Street Growth. The funding will strengthen the company’s market position, which is said to be over $1 billion in valuation. Kiteworks’ platform provides a Private Content Network for secure data sharing … Read more
July 30, 2024 at 10:00AM Cisco’s inaugural State of Industrial Networking Report highlights cybersecurity and artificial intelligence as top investment priorities for industrial organizations. Based on a survey of 1,000 individuals across 17 countries, the report reveals that 89% prioritize cybersecurity compliance. Significant investment in operational technology (OT) and increased spending on AI-enabled devices and … Read more
April 9, 2024 at 11:54AM StealthMole, a Singapore-based startup, has secured $7 million in Series A funding led by Korea Investment Partners and backed by Hibiscus Fund and Smilegate Investment. Founded in 2022, the company utilizes AI to analyze dark web and deep web data, aiding in forensics investigations and identifying compromised credentials. The funding … Read more
March 12, 2024 at 02:37PM President Joe Biden has proposed a $103 million increase in funding for the Cybersecurity and Infrastructure Security Agency (CISA), as part of the $7.3 trillion spending plan for fiscal year 2025. The plan also allocates $13 billion for improving cybersecurity across government agencies. Additionally, the budget includes cybersecurity funding for … Read more
February 27, 2024 at 11:27AM The US Department of Energy has invested $45 million in 16 projects to enhance cybersecurity in the energy sector. The projects aim to develop new tools to reduce cyber risks and fortify energy systems, covering areas like attack prevention, vulnerability detection, and quantum communication. General Electric, EPRI, and several universities … Read more
February 27, 2024 at 06:45AM NIST released Cybersecurity Framework (CSF) 2.0, now applicable to all organizations regardless of size or sector. The update introduces the govern function to enhance risk management. CSF 2.0 provides resources, implementation examples, and a reference catalog. It supports National Cybersecurity Strategy and emphasizes ICS/OT cybersecurity. The suite of customizable resources … Read more
December 1, 2023 at 10:50AM Over 50% of Saudi companies seek to outsource cybersecurity within 18 months, driven by tool shortages and staff scarcity. Kaspersky’s study found that 42% will turn to MSPs and 10% to consultants, amid reports of serious cyber incidents affecting 74% of businesses in the region. **Key Takeaways from Meeting:** 1. … Read more