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With rapid digitization across various sectors and an increasing reliance on digital infrastructure, the country has witnessed a parallel rise in cybersecurity threats. One of the recurring themes among security leaders is the importance of adaptability in the face of evolving cyber threats.
Security researchers Charlie Miller and Chris Valasek shook the automotive industry in 2015 by remotely hacking a Jeep Cherokee driven by Wired reporter , and willing participant, Andy Greenberg. It’s a trend that has caused a boon in the automotive cybersecurity market, which is predicted to reach $5.3 billion in 2026. .
Cybersecurity continues to be a major area for investment among businesses — and VCs. While a decline from the previous year, venture capital funding in the cybersecurity sector totaled $18.5 billion in 2022, according to Momentum Cyber. The popularity comes in part from the rise in cyberattacks.
The growing threat posed by Agentic AI and disinformation has become one of the most critical challenges in the cybersecurity landscape. The event, hosted at the Dubai World Trade Centre, highlighted the urgent need for organizations to adapt their cybersecurity measures to address the evolving digital threats.
CTO and founder of Reposify , Yaron Tal is a tech entrepreneur and cybersecurity expert with nearly two decades of experience developing cybersecurity software solutions. A deep dive into these deficiencies points to clear solutions all industries – cybersecurity or otherwise – can embrace to protect themselves.
Now, a startup that’s built a platform to help them stress-test the investments that they have made into their security IT is announcing some funding on the back of strong demand from the market for its tools. “Our vision is to be the largest cybersecurity ‘consulting firm’ without consultants,” he joked.
While the index is focused on quarterly growth, Runa just published its first annual report looking at COSS startup trends throughout the whole of 2022, as well as some broader trends dating back to the index’s inception nearly three years ago. The top 50 fastest-growing open source startups in 2022.
Plus, OWASP is offering guidance about deepfakes and AI security. Those are three security measures cyber teams should proactively take in response to an ongoing and “large scale” email spear-phishing campaign targeting victims with malicious RDP files , according to the U.S. Cybersecurity and InfrastructureSecurity Agency (CISA).
Meet Bastion , a French startup that was created in October 2022 to help small companies tackle cybersecurity risks without too many complexities. What makes Bastion different from other cybersecurity startups is that it wants to be your first and last cybersecurity subscription. And this is Bastion.
Yet every device increases an organization’s attack surface, along with the potential for a cybersecurity attack. The challenge was the driving force behind Ordr, a startup focused on network-level device security. Ordr’s device monitoring dashboard. It’s key to note that no software is flawless.
CIOs are responsible for much more than IT infrastructure; they must drive the adoption of innovative technology and partner closely with their data scientists and engineers to make AI a reality–all while keeping costs down and being cyber-resilient. That mandates an end-to-end, multi-layered, dynamic cybersecurity approach.
Today’s organizations face challenges from multiple directions, including threats to the business from state-sponsored cyberattacks, geopolitical turmoil, inflation, and a shortage of security skills. One of the recurring themes among security leaders is the importance of adaptability in the face of evolving cyber threats.
When generative AI (genAI) burst onto the scene in November 2022 with the public release of OpenAI ChatGPT, it rapidly became the most hyped technology since the public internet. That means that admins can spend more time addressing and preventing threats and less time trying to interpret security data and alerts.
For 2022, our experts have outlined some healthcare digital transformation trends that they feel will assist healthcare professionals continue to provide high-quality treatment for all of us. Patient data is sent through strategic touchpoints to these devices, often controlled remotely via software and associated infrastructure.
Infrastructure and data provisioning to manage and operate AI grew. Other leading sectors included autonomous driving, healthcare, robotics, professional services, security and military, Crunchbase data shows. The other two-thirds of funding went to sectors impacted by these new models. Related reading OpenAI Raises $6.6B
But while the payback promised by many genAI projects is nebulous, the costs of the infrastructure to run them is finite, and too often, unacceptably high. Infrastructure-intensive or not, generative AI is on the march. of the overall AI server market in 2022 to 36% in 2027. of AI storage in 2022 to 30.5%
Nancy Wang Contributor Share on Twitter Nancy Wang is the general manager and director of engineering for AWS Data Protection and a venture partner at Felicis Ventures on enterprise infrastructure investments. Gartner predicts that end-user spending for the informationsecurity and risk management market will grow from $172.5
Security has a data problem. Tishbi — who spent time at CitiBank and digital entertainment startup Playtika before joining Datorama — says he often worked with security teams that had to juggle dozens of different tools, each with their own taxonomies and outputs, in order to get projects finished on time.
According to a 2021 survey (albeit from an edge computing services vendor), 77% of companies said that they expect to see more spending for edge projects in 2022. Managing a fleet of edge devices across locations can be a burden on IT teams that lack the necessary infrastructure. ” Those are lofty promises. .
MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. Nigerian mobility tech startup Metro Africa Xpress Inc. (
billion in 2023, a significant decrease from 2022. While you might think the general fervor around all things artificial intelligence means 2024 is a new high for the intersection of AI and biotech/healthcare, both 2021 and 2022 were strong funding years for the space. billion through early December, per Crunchbase data.
Security is critical to enterprise digital transformation strategy, enabling sustainable growth, performance and competitive differentiation. It’s clear that AI will continue to shape modern cybersecurity drastically, driving both advantages and risks for businesses.
Hypernative , a crypto security-focused startup, has raised $9 million in seed funding as it emerges from stealth, co-founder and CEO Gal Sagie exclusively told TechCrunch. In 2022, the majority of losses, or $3.77 billion, were from hacks across 134 specific incidents, according to Immunefi’s Crypto Losses 2022 report.
Venture funding to cybersecurity startups had its best quarter since Q1 2022 — surging 144% year to year — and seemingly building off a strong start to the year. The biggest in Q2 was cloud security startup Wiz ’s announcement in May that it had raised $1 billion at a $12 billion valuation.
The cloud may be the direction that much of enterprise IT is moving today, but it still remains a major source of security issues, with some 98% of all enterprises in a recent survey reporting that they have contended with a cloud-related security breach in the last 18 months. Shaked worked for some time at Magic Leap.
That includes two cybersecurity firms and two companies in the transportation space. Island , $250M, cybersecurity: Dallas-based enterprise browser developer Island raised a $250 million Series E at a $4.8 In March 2022, it announced a $115 million Series B at a $1.3 Check out the biggest funding rounds of last week here.
Meanwhile, an informal Tenable poll looks at cloud security challenges. government is urging software makers to adopt secure application-development practices that help prevent buffer overflow attacks. For more information about the threat from quantum computing: Is Quantum Computing a Cybersecurity Threat?
Valence Security , a company securing business app infrastructure, today announced that it raised $25 million in a Series A round led by M12, Microsoft’s corporate venture arm, with participation from YL Ventures, Porsche Ventures, Akamai Technologies, Alumni Ventures and former Symantec CEO Michael Fey.
Adaptive Shield, a Tel Aviv-based startup that automates the security of software-as-a-service ( SaaS ) applications, has secured $30 million in Series A funding led by Insight Partners. Deep visibility and continuous maintenance of SaaS security hygiene is crucial to keeping the company secure.”.
Proving that there’s still plenty of venture money in cybersecurity, cloud identity security platform Britive today announced that it raised $20.5 According to a 2022 survey from Equinix, 71% of IT decision-makers plan to move more functions to the cloud over the next 12 months. million in a Series B funding round.
Axio , a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI, with participation from investors NFP Ventures, IA Capital Group and former BP CEO Bob Dudley. Image Credits: Axio.
The IT infrastructure company said it will use the fresh cash for M&A activities and entering new markets globally. Cyera , $300M, cybersecurity: After raising a $300 million Series C led by Coatue at a $1.4 While a cybersecurity company, Cyera is certainly riding the AI wave. and AI product development.
Resilient cybersecurity Despite the clamour for new digital investments, Gartner’s analysts did recognise that this would represent a new cybersecurity risk, with some attributing the increased spending in security over the next year down to ongoing uncertainty regarding Russia’s invasion of Ukraine.
TechCrunch is excited to announce Swyft Cities won the TechCrunch Sessions: Mobility 2022 pitch-off and is fast-tracked into the Battlefield 200 at TechCrunch Disrupt in October. ” This story has been updated with more background information about Swyft Cities. Beyond Aero is runner-up.
The company announced today that it is now the highest-valued digital asset infrastructure provider in the world after receiving an $8 billion valuation, nearly four times higher than the sum it commanded during its Series D six months ago. “They can customize [our product] exactly according to their policies and requirements.”.
The instant payment platform lets merchants make, manage and receive secure payments by connecting directly from the payer’s bank to a merchant’s bank. . That means Zepto will be able to connect its clients directly to the NPP’s PayTo service, which is due to roll out in mid-2022. .
Our latest research report offers some insight into where companies are allocating their IT spend in 2022. The 2022 survey projects IT spending to rise 6.7% Our research shows that organizational plans to begin new IT projects have stalled since the start of 2022.
Security is finally being taken seriously. AI tools are starting to take the load off of security specialists, helping them to get out of firefighting mode. But unlike 2022, when ChatGPT was the only show anyone cared about, we now have many contenders. Data engineers build the infrastructure to collect, store, and analyze data.
For the first time, the sector attracted over 1,100 unique investors in 2022, which in turn resulted in a record fundraising haul of $6.5 We also have a very wide top funnel such that in 2022, we made initial contact with over 2,500 startups and ideas, and eventually only partnered with less than 1% of that top of the funnel.
Back to Basics With attackers moving at greater speed and scale than ever before, the fundamentals of cybersecurity have become even more important. Unit 42 has gathered data from hundreds of incidents across the globe to identify the soft spots in security postures that made cyberattacks in 2023 more risky and painful than they needed to be.
The San-Francisco based company will use the proceeds to triple its employee base, currently 35 people, by the end of 2022, with a focus on product and customer growth, Goel said. Once a customer chooses what service to deploy, Render helps them manage the process and infrastructure. . ”
For IT and network security teams, the challenge is to secure their environments, regardless of where people are working. The WAN architecture must cater to the needs of office and remote workers with parity in terms of routing policies, security profile, and management of the WAN.” . Shifting locations and network connections.
Central to this over the last two years has been the NEMo365 Program, which implements a globally valid process template and ERP system, and 33 of 42 locations have already been converted since 2022. And finally, Security First that revolves around an automation concept and dedicated SOC.
It’s officially 2022, but let’s take a quick look over the past year. On-the-ground infrastructure, like vertiports and chargers, is turning into its own business unit, and companies like Archer , Hyundai and Volocopter are exploring ways to integrate air mobility into a city’s existing transport networks.
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