Tag Archives: Cybersecurity

Venture capital funding of cybersecurity firms hit record high in 2018: report
January 17, 2019 12:13 pm|Comments (0)

NEW YORK (Reuters) – Venture capital investments in cybersecurity firms hit a record high last year amid a surge in cyber crime over the last few years, according to a report released on Thursday by U.S.-based Strategic Cyber Ventures.

Total venture capital funding in the space totaled $ 5.3 billion in 2018, up 20 percent from $ 4.4 billion seen in 2017.

“We’re seeing mega-breaches happening on an extremely frequent basis,” Chris Ahern, data scientist and principal at Strategic Cyber Ventures, told Reuters on Wednesday.

“I don’t think that’s going to stop anytime soon. And investors are seeing that as an opportunity for investment.”

Cybersecurity has become the focus for governments and corporations around the world as digital crime increases.

The latest quarterly data from cybersecurity firm ThreatMetrix showed that it detected 210 million attacks in the first quarter last year, with another 151 million seen in the second quarter. Compared with 2015, cyberattacks have surged more than 100 percent, illustrating an overall heightened risk landscape over the last two years, ThreatMetrix said.

U.S. cybersecurity firms took the bulk of investments, accounting for 46 percent of investments in 2018, according to the Strategic Cyber Ventures report. Asian and European companies took 22.6 percent of global investment, up from 12.7 percent in 2014.

“We’ve seen this trend in the broader tech ecosystem as well, with many large international funds and investment outside of the U.S.,” the report said.

“Simply put, amazing and valuable technology companies are being created outside of the U.S.”

That said, Ahern sees a bit of a pullback in investments for this year. “There is still a lot of money being put to work in 2019. I do think investors are a little bit weary, there’s a bit of vendor fatigue,” he added.

Asked about the biggest cybersecurity threat in the world, Strategic Cyber Ventures co-founder and chief executive officer Hank Thomas told Reuters that he considers the People’s Liberation Army — China’s armed forces — as the largest cyber threat actor in the world.

“They’re playing the long game. They have been able to use cyber to facilitate all sorts of things beyond just information warfare,” said Thomas, who is a former U.S. army intelligence officer focused on cyber, signals intelligence, information operations, and military intelligence planning.

Strategic Cyber Ventures has a $ 100 million portfolio that includes four cybersecurity companies.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Phil Berlowitz

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Top Cybersecurity Firm Carbon Black Names Chief Cybersecurity Officer
February 20, 2018 6:01 pm|Comments (0)

Carbon Black, a private cybersecurity firm headquartered in Waltham, Mass. that is rumored to be seeking an IPO this year, has appointed a chief cybersecurity officer.

The company has hired Tom Kellermann, a former executive at Trend Micro, a rival Japanese firm, where he held the same title. Kellermann most recently served as CEO and co-founder of Strategic Cyber Ventures, a cybersecurity-focused venture capital firm based in Washington, D.C., which is backed by Hudson Bay Capital, a New York-based hedge fund.

“I decided I needed to stop armchair quarterbacking and get back into the fight,” Kellermann tells Fortune. He says he had an epiphany while hiking in Boulder, Colo. last summer.

Kellermann, who started in the new role on January 22, says he will remain on at Strategic Cyber Ventures as vice chair of the board. The company has invested millions of dollars in a number of startups, including TrapX, E8 Security, ID DataWeb, and Polarity.

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Patrick Morley, Carbon Black’s CEO, said in a statement that Kellermann’s “experience perfectly matches the balance between innovative technology, security, and evangelism that we’re looking for at Carbon Black.”

Carbon Black, which sells subscriptions to software designed to detect and defend against digital threats, filed confidential paperwork in the fall for an initial public offering, the Wall Street Journal reported last year. The company has also been in talks with possible acquirers, such as IBM, VMware, and Microsoft, The Information reported at the beginning of the year.

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Why Blockchain Firms Shouldn't Ignore New EU Cybersecurity Laws
February 15, 2017 11:35 am|Comments (0)

The directive itself confirms that a wide interpretation should be applied when it says that “cloud computing services span a wide range of activities that …


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Why CMOs Need to Get a Clue About Cybersecurity
January 27, 2017 5:30 pm|Comments (0)

Why CMOs Need to Get a Clue About Cybersecurity

Today’s chief marketing officers have ever-broadening responsibilities and roles, from staying on top of constantly shifting market needs to deftly driving messages and ecommerce transactions through digital platforms like mobile and social media, to shaping product development, customer service, channel management, what have you.

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Google Throws Its Weight Behind Cybersecurity Startup
December 25, 2015 10:50 am|Comments (0)

“We are joining forces with Google Capital to help millions of organizations around the world securely adopt cloud computing, mobility and the Internet …


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