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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SecureAuth Corporation has announced the appointment of Nick Mansour as Executive Vice President of...
Check Point Research (CPR) report a 45% increase in cyber-attacks on healthcare organizations...
As lockdown measures tighten once more in response to COVID cases, many organisations are being...
New RSA® Advanced Security Operation Center Solution arms security teams with new tools to help...
Conducted by the Ponemon Institute, the 16th annual study highlights that half of organizations...
82% of corporations were attacked repeatedly; 57% suffered subsequent theft.
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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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