In a bid to expand its cybersecurity reach, state-owned Israel Aerospace Industries Inc. (IAI) is investing in two cybersecurity companies – Inpedio BV in Netherlands and Cytrox in Hungary. The financial details of the investments have not been revealed.
The...
A spate of rising global cyberattacks have triggered a new trend among investors and the venture capital (VC) industry who are now investing in companies providing cybersecurity solutions. In fact, January itself the market saw $279 million in financing...
Microsoft has signed a definitive agreement to acquire Israel-based Cloudyn, a company that helps enterprises and managed service providers optimize their investments in cloud services. According to The Algemeiner, the deal took place for an estimated $50-$70 million.
"As customers...
For decades, the cybersecurity industry has been suffering from perpetual skill shortage. In fact, a study by Cybersecurity Ventures reveals that the cybersecurity job openings will hit 3.5 million by 2021, with a median salary for information security professionals...
The 2014 Yahoo! Inc cyberattack that affected more than 500 million user accounts not only tarnished the reputation of the company but also impacted it financially. Verizon Communications Inc. which was on the process of acquiring Yahoo! cut the...
Several United States government websites were hacked by hacker group Team System DZ which allegedly has ties to the terrorist organization, Islamic State. The page displayed anti-Trump slogans and threats. The hacked websites included Ohio Department of Rehabilitation and...
Another cyber security corporation has entered the startup investment sector. Trend Micro announced a $100 million fund in a statement declaring that is looking to fund efforts in the Internet of Things (IoT) area, though detailed investing strategies were...
The Mission Economic Development Corporation (MEDC) in Mission, Texas, and State Senator Juan “Chuy” Hinojosa announced $100,000 in state grants to implement cybersecurity training programs. The funding was contained in House Bill 728, which recently passed the Texas Legislature.
The...
A new cooperative agreement relating to cyber security issues between the United States and Israel was announced by U.S. Homeland Security Adviser Tom Bossert at Tel Aviv University’s Cyber Week. The focus of the partnership is on “stopping adversaries...
At an event sponsored by Cisco in Las Vegas, Apple CEO Tim Cook made public a partnership between the two tech sector giants that will make available cyber security insurance at discount rates.
The argument made by Cook, as reported...
