A Look Back At The Israeli Cyber Security Industry
2018 saw a spate of major cyber attacks including the hacks of British Airways, Facebook and Marriott. Despite growing emphasis on and awareness of cyber threats, large organizations continue experiencing massive data breaches.
SEC Chief: Cyber Crime Risks Are Substantial, Systemic
Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said.
Insight Venture Leads $75M Series D In Cyber Security Startup
Darktrace, a UK cyber defence firm, on Tuesday announced their $75-million Series D funding round led by Insight Venture Partners, allowing the company to increase its expansion in Asia Pacific. Existing investors, Summit Partners, KKR and TenEleven Ventures, a specialised VC firm in cyber security companies, also participated in the round. The company’s valuation has touched $825 million post investment.
Tips For Family Offices To Combat Cyber Crime
Family offices are more vulnerable to cyber crime than many other financial groups, but what can they do to make them less vulnerable? A new report outlines a number of good practices for family offices in this area.
Microsoft Acquires VC-Backed Israeli Cybersecurity Startup
Microsoft has acquired Hexadite, Israeli cybersecurity startup, in a deal thought to be worth around $100 million. Hexadite is perhaps less about preventing cyberattacks than it is about identifying and addressing them swiftly when they occur. Hexadite is backed by Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures.
Cybersecurity Firms Tap VC Funding
While a wave of cyber attacks like the coordinated “WannaCry” virus may be bad for business, it’s no secret that it means good business promotion for the cybersecurity industry. For instance, Sapphire Ventures led a $50 million series c in Wandera, a firm focused on mobile security for businesses in healthcare, finance, technology, and professional services.
Accel Partners Leads $100M Round In Company That Aided The DNC
CrowdStrike, the provider of digital security that aided the D.N.C. in its response to what is believed to be interference by Russia, has raised $100 million in capital. The VC firm Accel, led the new round. Other participants include other existing investors like CapitalG, Warburg Pincus, March Capital Partners and Telstra.
CalALTs Reviews Best Practice For Hedge Funds And Private Equity Operations
According to the California Alternative Investments Association (CalALTs)'s new white paper on best practices for hedge fund and private equity operations, today's investor wish list includes the existence of an independent administrator, an internal CFO, segregation of duties, employee background checks, centralised operations, documented policies and procedures, a fiscal budget, an internal CCO, an external regulatory consultant, a clean regulatory history, formal compliance training, a tested disaster recovery plan, a cyber security plan, and related staff training. Quite a list.
Vanedge Capital Raises $161M In Final Close Of Second IT Fund
Fund II, which invests in early-stage companies in cloud computing, artificial intelligence, cyber security, SaaS and digital media, closed with an additional investment from HarbourVest Partners. HarbourVest joins existing limited partners, including BDC Capital, Export Development Canada, Kensington Capital, Nicola Wealth Management and BC Tech Fund.
Trident Capital Cybersecurity Closes $300M Early-Stage Cybersecurity Venture Fund
The firm has already invested in five companies in Fund I that include 4iQ, Appthority, Bayshore Networks, ID Experts and IronNet Cybersecurity. Additionally, active, prior investments of the TCC team include AlienVault, BlueCat Networks, Hytrust and Mocana.