Zaid Shoorbajee – Page 14 – WindowsTechs.com

Tenable officially announces IPO

Posted on June 29, 2018 by Zaid Shoorbajee

Tenable announced on Friday that it has officially submitted plans to become a publicly traded company. The Columbia, Md.-based company filed its registration statement with the Securities and Exchange Commission, which companies must do to begin the initial public offering process. The company will be listed on the Nasdaq under the ticker TENB. Tenable is one of the most well-funded cybersecurity companies, having raised more than $300 million from private investors, according to Crunchbase. An IPO for Tenable has been expected since reports from earlier this year that it hired investment bank Morgan Stanley to help it with the filing process. In its filing, Tenable boasts that its revenue was $187.7 million in 2017, up from $124.4 million the previous year, representing 53 percent year-over-year growth. Founded in 2002, Tenable says that it serves 24,000 customers, including 53 percent of the Fortune 500. Since 2016, the company has been headed by CEO Amit […]

The post Tenable officially announces IPO appeared first on Cyberscoop.

Continue reading Tenable officially announces IPO→

Security ratings company BitSight earns $60 million in Series D funding

Posted on June 28, 2018 by Zaid Shoorbajee

BitSight, a company that provides cybersecurity ratings for other companies, announced on Thursday that it has raised $60 million in its Series D funding round. The company provides a platform that evaluates customers’ cybersecurity posture. The service comes in handy as companies look for ways to manage risk, underwrite cyber insurance policies and conduct due diligence when doing business with third parties. Customers can use the platform gain a window into the cybersecurity posture of potential partners along with their own. BitSight gives companies a score between 250 and 900. BitSight cites a Gartner report that predicts that in the coming years, cybersecurity ratings will be as important as credit card ratings, and that having them will be a given before conducting business with other companies. The company also puts out public reports assessing some of the significant cyber risks facing specific sectors, such as education and financial. Based in […]

The post Security ratings company BitSight earns $60 million in Series D funding appeared first on Cyberscoop.

Continue reading Security ratings company BitSight earns $60 million in Series D funding→

Ticketmaster UK trades blame with chat app provider over payment data breach

Posted on June 28, 2018 by Zaid Shoorbajee

Ticketmaster, the global entertainment ticketing service, suffered a breach that may have exposed the personal and payment information of people who used its United Kingdom website, the company publicly disclosed Wednesday. In its statement, Ticketmaster UK appears to lay blame on a third-party customer service chat application it used on its website. The company said that it identified malicious software one the application, made by Inbenta Technologies, that allowed attackers to access customers’ information. But Inbenta deflected blame back to Ticketmaster, saying that it deployed the chat app improperly. “As a result of Inbenta’s product running on Ticketmaster International websites, some of our customers’ personal or payment information may have been accessed by an unknown third-party,” Ticketmaster says in its notice. In a separate statement, Inbenta CEO Jordi Torras writes that while the breach came from a piece of JavaScript written by Inbenta for Ticketmaster, the ticketing company applied it to […]

The post Ticketmaster UK trades blame with chat app provider over payment data breach appeared first on Cyberscoop.

Continue reading Ticketmaster UK trades blame with chat app provider over payment data breach→

Preempt raises $17.5 million in Series B for enterprise threat management

Posted on June 27, 2018 by Zaid Shoorbajee

San Francisco enterprise threat management company Preempt Security earned $17.5 million in its Series B funding round, the company announced on Wednesday. Preempt says that it uses information about identity, behavior and risk within a company to proactively catch insider threats and prevent breaches. Management of such threats is a constant struggle for enterprises, as they need to ensure that employees don’t willingly or inadvertently expose sensitive information. CEO Ajit Sancheti told CyberScoop that Preempt can anticipate and stop both malicious insiders and unwittingly compromised users by monitoring their privileges and behavior on the network. Preempt can force users to validate their identity via multi-factor authentication if it senses something is awry. “Internal threats are difficult to detect since the behavior of the malicious users or the compromised accounts are difficult to differentiate from legitimate users. Since Preempt can force the verification of identity of a user in real time […]

The post Preempt raises $17.5 million in Series B for enterprise threat management appeared first on Cyberscoop.

Continue reading Preempt raises $17.5 million in Series B for enterprise threat management→

Multi-factor authentication provider Silverfort raises $11.5 million Series A

Posted on June 25, 2018 by Zaid Shoorbajee

Silverfort, a multi-factor authentication provider with roots in Israel’s famed cyber-espionage unit, announced on Monday that it’s getting an infusion of $11.5 million in its Series A investment round, led by TLV partners. The company, founded in 2016, provides companies with the ability to implement multi-factor authentication for their networks, cloud environments and devices. Silverfort says it doesn’t matter whether the asset the customer wants to protect natively supports multi-factor authentication; its product can integrate regardless. “Our goal is to enable strong authentication across all enterprise assets without reducing productivity. Existing authentication solutions can no longer handle the scale, diversity and dynamic nature of today’s networks,” said Silverfort CEO Hed Kovetz in a statement. Kovetz and co-founders Matan Fattal and Yaron Kassner are alumni of the Israeli Defense Forces’ clandestine Unit 8200, according to their company bios. A partnership Silverfort started last month makes the service more seamless on systems protected by cybersecurity […]

The post Multi-factor authentication provider Silverfort raises $11.5 million Series A appeared first on Cyberscoop.

Continue reading Multi-factor authentication provider Silverfort raises $11.5 million Series A→

Agari gets $40 million investment to protect organizations from phishing, spoofing

Posted on June 22, 2018 by Zaid Shoorbajee

Agari, a company that uses artificial intelligence to protect organizations from email threats, announced Friday that it earned $40 million in a Series E round of funding, led by Goldman Sachs. Companies and agencies are increasingly throwing money into email security, as malicious emails and spoofed domains are a leading cause of enterprise security issues. Olga Kaplan, a vice president with Goldman Sachs, is joining Agari as part of the deal. “The overwhelming majority of cyberattacks still originate via email, and are becoming increasingly sophisticated. Agari takes a fundamentally different approach by leveraging identity modeling and machine learning to prevent cyber attacks that legacy technologies simply do not stop,” Kaplan said in a statement. Agari counts big names like Facebook, Google, Microsoft and the U.S. Postal Service as customers, among others. The company says it plans to use the new funding to add to its customer base and expand in […]

The post Agari gets $40 million investment to protect organizations from phishing, spoofing appeared first on Cyberscoop.

Continue reading Agari gets $40 million investment to protect organizations from phishing, spoofing→

State officials ask lawmakers for more election security funding

Posted on June 21, 2018 by Zaid Shoorbajee

All three state elections officials on a panel before the Senate Rules Committee Wednesday told lawmakers that they would gladly accept more financial assistance from the federal government for election security. The Election Assistance Commission (EAC) continues to dole out grants for states as part of a $380 million fund Congress appropriated in March under the Help America Vote Act (HAVA). But the officials who run the country’s elections have some differences about the role federal lawmakers and agencies should play, with some worrying about overreach into a process run by the states. There was no disagreement at the hearing, however, that additional money would be welcomed. “While our upgrades to equipment and cybersecurity will be an ongoing challenge for many states, the federal funding received will regrettably be insufficient to do all that we want or need,” said Jim Condos, Vermont’s secretary of state. “However, we are very grateful for […]

The post State officials ask lawmakers for more election security funding appeared first on Cyberscoop.

Continue reading State officials ask lawmakers for more election security funding→

With $10 million Series A, Uptycs launches security platform using open source tools

Posted on June 19, 2018 by Zaid Shoorbajee

Uptycs, a Waltham, Mass. cybersecurity startup that leverages open source tools, announced on Tuesday that it raised $10 million in Series A funding led by ForgePoint Capital and Comcast Ventures. The company is coming out of stealth with the announcement and launching its security analytics platform, which collects data from a customer’s endpoints and aggregates it into “context-rich dashboards, reports and alerts” that can be used to monitor threats and vulnerabilities. Uptycs says it’s the first security analytics platform powered by osquery, an open source endpoint tool compatible with multiple operating systems. “Security solutions have not kept pace to serve the needs of today’s modern computing environments. There are growing blind spots especially for cloud workloads and macOS that osquery is uniquely capable of covering,” said Uptycs CEO and founder Ganesh Pai in a statement. “Uptycs is helping companies leverage the benefits of osquery quickly, and at scale.” The company says the […]

The post With $10 million Series A, Uptycs launches security platform using open source tools appeared first on Cyberscoop.

Continue reading With $10 million Series A, Uptycs launches security platform using open source tools→

CrowdStrike valued at $3 billion with new $200 million infusion

Posted on June 19, 2018 by Zaid Shoorbajee

Prominent California-based cybersecurity firm CrowdStrike announced on Tuesday that it is valued at more than $3 billion, after bringing in $200 million in Series E funding. General Atlantic, Accel and IVP led the round. March Capital and CapitalG participated. The private company provides with cloud-hosted endpoint security using artificial intelligence, providing its customers with visibility into risks and threats their networks face. CrowdStrike claims that its platform processes 100 billion security events per day. The company has garnered attention for responding to high-profile security incidents and publishing research on nefarious threat actors. The Democratic National Committee brought CrowdStrike on to investigate its 2016 breach. About a year ago, the company said it was valued at $1 billion after closing $100 million in funding. In that year, the company says it has doubled its revenue. It also says it’s serving a fifth of Fortune 500 companies. CEO George Kurtz said in a statement […]

The post CrowdStrike valued at $3 billion with new $200 million infusion appeared first on Cyberscoop.

Continue reading CrowdStrike valued at $3 billion with new $200 million infusion→