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Karamba Security , an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017. ” Karamba Security’s XGuard. Karamba Security raises $2.5 Pham Thuy Linh. million to keep hackers out of connected cars.
As the GCC countries continue to evolve into global digital hubs, the adoption of technologies such as 5G, AI, and IoT is accelerating rapidly. These advancements offer immense economic growth and innovation potential, but they also introduce new cybersecurity challenges. The introduction of 5G has been a game-changer for the region.
In the world of cybersecurity, you can’t secure something if you don’t know it’s there. Enter cybersecurity asset management, an admittedly unsexy fragment of the booming industry that investors have shown an ever-increasing appetite for over the past 18 months. Shawn Cherian. ” . ”
With the Samsara IPO heading toward pricing , it’s a good moment to spend a little more time digging into the IoT market. Given that anticipated boom in connected gadgets, sensors and the like, Afero’s IoT platform was built with security in mind. Else your toaster or production is going to get hacked.
Evolving Role and Responsibilities of CISOs The role of the Chief InformationSecurity Officer is expanding. Furthermore, as business and technology become increasingly intertwined, the role of the Chief InformationSecurity Officer has become crucial in bridging this gap.
Claroty, an industrial cybersecurity company that helps customers protect and manage their Internet of Things (IoT) and operational technology (OT) assets, has raised $140 million in its latest, and potentially last round of funding. . Founded in 2015, the late-stage startup focuses on the industrial side of cybersecurity.
Today, Israeli startup Vdoo — which has been developing AI-based services to detect and fix those kinds of vulnerabilities in IoT devices — is announcing $25 million in funding, money that it plans to use to help it better address the wider issue as it applies to all connected objects. billion by 2025 from $12.5 billion in 2020.
The Internet of Things (IoT) is a permanent fixture for consumers and enterprises as the world becomes more and more interconnected. By 2027, the global number of connected IoT devices is projected to exceed 29 billion, a significant increase from the 16.7 billion devices reported in 2023.
billion internet of things (IoT) devices in use. IoT devices range from connected blood pressure monitors to industrial temperature sensors, and they’re indispensable. Yet every device increases an organization’s attack surface, along with the potential for a cybersecurity attack. In 2015, there were approximately 3.5
Onomondo , a startup offering a dedicated wireless network for internet of things (IoT) devices, today announced that it raised $21 million in a funding round led by Verdane with participation from Maersk Growth, People Ventures, and The Danish Growth Fund. A network reserved for IoT devices isn’t a novel concept.
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. How do we CISOs adapt our strategies today?
In 2023, the United Arab Emirates actively repelled more than 50.000 cyberattacks daily, explained the UAE Cybersecurity Council. According to a report from Frost & Sullivan, the GCC cybersecurity industry continues to grow, with F&S estimating it to triple in value by 2030 to reach 13.4
And while ML has frequently been used to make sense of big data—to improve business performance and processes and help make predictions—it has also proven priceless in other applications, including cybersecurity. Why Machine Learning Has Become Vital for Cybersecurity. What Makes Machine Learning Different in Cybersecurity.
The power of 5G networks will one day usher in new generations of IoT applications, but large-scale adoption may still be a long way off. Moreover, enterprise use of 5G for IoT is so new that anybody who uses it now will have to face all the challenges that come with being an early adopter.
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.
Army Major General and Vice President and Federal Chief Security Officer for Palo Alto Networks What critical innovations can change the balance in cybersecurity, providing those of us responsible for defending our organizations with more capabilities against those who would do us harm? This is not just a theoretical exercise.
People create IoT applications; people use IoT applications—the world’s technology grows from the internet to the Internet of Things, from middlemen transaction processes to Smart Contracts. How do you develop IoT applications ? Cloud: The cloud is the IoT’s storage and processing unit.
Cities are embracing smart city initiatives to address these challenges, leveraging the Internet of Things (IoT) as the cornerstone for data-driven decision making and optimized urban operations. According to IDC, the IoT market in the Middle East and Africa is set to surpass $30.2 Popular examples include NB-IoT and LoRaWAN.
Censys , a search engine for Internet of Things devices and internet assets, has secured $35 million in Series B funding and a new CEO. The company’s Series B investment, which comes after the startup secured $15.5 Department of Homeland Security. . million in Series A funding in August 2020 , was led by Intel Capital.
From smartphones and wearables to IoT devices and cloud infrastructure, the breadth and complexity of our digital ecosystem continues to expand at an unprecedented rate. This necessitates continuous adaptation and innovation across various verticals, from data management and cybersecurity to software development and user experience design.
At the same time internet of things (IoT) devices and embedded software are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. According to Statista, the number of consumer edge-enabled IoT devices is forecast to grow to almost 6.5 million cash infusion in April 2021.
Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. continues to roll out, the internet of things (IoT) is expanding, and manufacturing organizations are using the latest technologies to scale. And stronger cybersecurity isn’t just a necessity; it also makes economic sense.
Columbus, Ohio-based Finite State, a startup that provides supply chain security for connected devices and critical infrastructure, has raised $30 million in Series B funding. . The funding lands amid increased focus on the less-secure elements in an organizations’ supply chain, such as Internet of Things devices and embedded systems.
Hence, it is one of the vast industries of India that can be suitable to build a secure career path. IoT Architect. Learning about IoT or the Internet of Things can be significant if you want to learn one of the most popular IT skills. Currently, the IoT architects are paid up to Rs20,00,000 per annum. Big Data Engineer.
As leaders in healthcare and cybersecurity, we must be extra vigilant in understanding our vulnerabilities and providing our organizations with the best defense possible, even as we face ongoing budget constraints and a challenging cybersecurity talent shortage. Cyberattacks are inevitable, but successful attacks don’t have to be.
Venture funding overall was still sluggish , but cybersecurity startups saw some love from investors in the first quarter of 2024. To be sure, this is not the salad days of 2021 — cybersecurity funding was still down year to year — but the sector saw its best funding quarter in three quarters. billion valuation.
To combat this, railway companies demand more robust cyber solutions and lawmakers across the globe call for more effective cybersecurity regulations. Cylus , a Tel Aviv-based rail cybersecurity startup, built a cybersecurity solution, CylusOne, to protect the global mainline and urban railway companies from an array of threats and risks.
IT, OT, IoT). This in turn increases the attack surface, introducing new threat vectors and requiring new end-to-end security management systems to provide holistic solutions. Businesses need confidence that 5G is secure for 5G to live up to its promise of transforming industries.
Data sovereignty and the development of local cloud infrastructure will remain top priorities in the region, driven by national strategies aimed at ensuring data security and compliance. As digital transformation accelerates, so do the risks associated with cybersecurity.
” Google shutters IoT Core : Google’s IoT Core is a service meant to help device makers build internet-connected gadgets that connect to Google Cloud. Apple’s big security bug : Time to update your Apple devices! Apple’s big security bug : Time to update your Apple devices! Who is Zack Whittaker?
By Anand Oswal, Senior Vice President and GM at cyber security leader Palo Alto Networks Critical infrastructure forms the fabric of our society, providing power for our homes and businesses, fuel for our vehicles, and medical services that preserve human health. Regulatory compliance.
It’s interesting how the number of projected IoT devices being connected in 2023 can differ by 26 billion from article to article. Today’s management and infrastructure are designed to populate a data lake with valuable information that helps accurately determine the type of endpoint clients that are on your network.
It’s ever more challenging in today’s work-from-anywhere world to prevent cybersecurity breaches. The second consideration is identity for IoT devices. Indeed, in the first half of 2023, IoT DDoS attacks surged by 300%, causing a $2.5 Ideally, IT and security managers should control access from a single console.
However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.
By embedding security practices at every stage of the IoT development lifecycle, from design through deployment, organizations can significantly enhance the security and integrity of their IoT ecosystems.
The global healthcare cybersecurity market is set to reach $58.4 For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. So there was a very real gap in our defenses.”
By Anand Oswal, Senior Vice President and GM at cyber security leader Palo Alto Networks While mobile technology has been around for decades, the current generation, 5G, is increasingly being recognized for the exciting new benefits it brings to enterprises, SMBs, and public sector organizations. Security needs to keep up.
Managing IoT devices in a large organization can be a messy proposition, especially when many of them aren’t even managed directly by IT and often involve integrating with a number of third-party systems. Armis nabs $65M Series C as IoTsecurity biz grows in leaps and bounds.
1 - CISA: How VIPs and everyone else can secure their mobile phone use In light of the hacking of major telecom companies by China-affiliated cyber spies, highly targeted people should adopt security best practices to protect their cell phone communications. Dive into six things that are top of mind for the week ending Jan.
Quantum computing promises to unlock a new wave of processing power for the most complex calculations, but that could prove to be just as harmful as it is helpful: security specialists warn that malicious hackers will be able to use quantum machines to break through today’s standards in cryptography and encryption.
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Cybersecurity will be critical, with AI-driven threat detection and public-private collaboration safeguarding digital assets. Cybersecurity continues to be a significant concern globally. What steps do you think organizations in the Middle East will take in 2025 to strengthen their cybersecurity infrastructure?
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