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Posted by: | on October 3, 2019
Internet security firm F-Secure recently published a report covering the current landscape of cybersecurity attacks and data hygiene in the United States. The report, “Attack Landscape H1 2019,” revealed nearly three billion separate attacks had hit individual Internet of Things (IoT) devices in the first half of the year alone, a surge of 300 percent.
To combat the growing issue around cybersecurity in everything from IoT to social media to U.S. elections, security firms are trying to stay ahead of the curve with efforts to strengthen their research and development departments, coming up with solutions to help keep threats away.
One of those companies is global cyber protection agency Acronis International, which has raised $147 million to make acquisitions, grow business more aggressively, and expand on its engineering. The data recovery company nabbed investment funding from Goldman Sachs at a valuation of more than $1 billion.
The company, which has a reach across the globe including split headquarters in Switzerland and Singapore, is using those investment funds here in Arizona, where it has a presence in Scottsdale. The company will soon see a new building open in Tempe’s thriving Tempe Town Lake business district, where it will be pumping $50 million into research and development projects around more sophisticated cybersecurity technology.
According to Gaidar Magdanurov, Chief Cyber Strategy Officer, Acronis’ R&D team in Arizona is working on several strategic projects including:
- Acronis Cyber Platform that enables third-party developers to customize, extend and integrate cyber protection into their solutions
- Acronis Cyber Infrastructure that provides the most cost-efficient and secure environment for running cyber protection solutions and data storage.
- Acronis Cyber Cloud that enables service providers and enterprise IT to deliver cyber protection services to end customers.
In July, Acronis announced it was investing in the new Tempe digs while doubling the investment of its Scottsdale office to $20 million to hire more staff to build out artificial intelligence (AI) solutions and blockchain projects.
It’s been a big year for Acronis, which reported 20-percent business growth last year and is looking to hit 30 percent by 2020.
“The revenue plan depends on the implementation of new capabilities in products, including capabilities for partners to integrate Acronis Cyber Platform, and the team in Arizona is at the core of those developments,” explains Magdanurov.
The global cybersecurity company is hiring engineers in Arizona as well as investing into joint programs with Acronis SCS – an independent software vendor and distributor for the public sector in the U.S. that is based in Scottsdale. Acronis SCS is hosting a ribbon cutting ceremony for its new initiative to decrease veteran unemployment and strengthen the cyber workforce. This initiative is in partnership with New Horizons of Phoenix and the Arizona Coalition for Military Families.
Acronis also expects to bring on new teams and technology to help build out the development of its products, including cyber protection solutions for things like data safety, privacy, authenticity, and accessibility. Additionally, Acronis will use some of the funds to develop more data centers and focus on acquiring other companies to speed up development of its product portfolio.
Currently, Acronis has more than five million consumer customers around the world as well as 500,000 separate business customers.
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Posted by: | on March 12, 2018
Source: National Cyber Security News
General Cybersecurity Conference
May 15, 2018 | New York City, New York, United States
Cybersecurity Conference Description
Explore the investment opportunities and trends in the rapidly growing cybersecurity industry. The Summit differs from traditional product centered conferences by focusing on the financial side of the sector.
Network with key influencers in the cybersecurity and financial industries. Attendees include venture capitalists, private equity managers, CISOs, publicly traded companies, privately held firms, startups, financial analysts, institutional and retail investors, and government experts.
Momentum Cyber Chairman and Former FireEye & McAfee CEO Dave DeWalt will deliver the keynote address.
Leading cybersecurity investors, experts, and analysts will discuss sector investment strategies, market growth forecasts, funding for startups, merger and acquisition activity, equity valuations, and industry partnership opportunities.
The Annual Cybersecurity 500 list of the most innovative cybersecurity companies will also be revealed at the Cyber Investing Summit.
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Posted by: | on August 1, 2017
Small and medium-sized businesses are not earmarking significant amounts of cash to bolster their cyber-security defences, despite almost one-sixth of all companies suffering an attack within the last year. According to data compiled by insurance company Zurich, 875,000 SMEs across the UK have been affected by a cyber-attack over the…
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Posted by: | on March 9, 2017
The Better Business Bureau in partnership with the Competition Bureau and other fraud prevention organizations announced that romantic scams cost Canadians $17 million last year1. Dating apps and websites allow people to connect at any time and in anyplace but consequently reveal vulnerabilities. Krystal Walter, professional matchmaker and owner of Krystal Walter Matchmaking, cautions singles to protect their dating information in the same manner they would their financial information. “We need to treat information we share in our love lives like we do with our finances,” said Walter. Read More….
The post Investing in Love? Krystal Walter Warns Online Romantic Fraud on the Rise appeared first on Dating Scams 101.
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Posted by: | on April 15, 2016
The Central Intelligence Agency’s venture capital arm is investing in companies that develop artificial intelligence to sift through enormous numbers of social media postings and decipher patterns, according to a report.
A document obtained by The Intercept indicates that In-Q-Tel, the CIA’s venture capital firm, has made unpublicized investments in 38 companies, many of which are startups specializing in analyzing and extracting useful patterns from large amounts of data from social media.
Social media offers a trove of valuable information for intelligence agencies, but separating the signal from the noise is a monumental task.
“ISIL’s tweets and other social media messages publicizing their activities often produce information that, especially in the aggregate, provides real intelligence value,” CIA second-in-command David Cohen said in a speech at Cornell University in September.
Dataminr, PATHAR and Geofeedia and are among the startups listed in the report, and the products that all three of the companies provide are tools that help peer through an otherwise unwieldy volume of data.
Dataminr’s specialty is picking out trends on Twitter by using a stream of data it gets from the social media platform’s API, or application program interface. News organizations, law enforcement agencies and hedge funds are examples of clients who use the service to stay in the loop about relevant events in real time.
PATHAR’s flagship service, Dunami, is used to by clients, including the FBI, to map out networks of relations between people on social media such as Facebook, Twitter and Instagram to find centers of influence.
Geofeedia automatically monitors geotagged social media posts for the purpose of monitoring breaking news events, and even markets its services to help law enforcement predict violent protests.
“During the Baltimore riots, or Ferguson, you could see a drop [in sentiment],” Lee Guthman, head of business development at Geofeedia, told Inverse, adding that a drop in sentiment on social media could reliably predict the violent riots those events.
All of these firms already have deals with the federal government, and the contracts are publicly viewable, thanks to transparency laws. Dataminr’s $254,990 contract was awarded by the Department of Homeland Security, Geofeedia has earned $126,800 from the Department of Justice, and PATHAR has deals totaling $410,118 from both of those agencies.
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Posted by: | on October 17, 2015
Researchers say some smaller, poorer nations are now using spy software, suggesting that recent data leaks and lawsuits have not deterred governments from investing in off-the-shelf cyberespionage products. Internet watchdog group Citizen Lab said in a report Thursday that it had found 33 “likely government users” of FinFisher, one of the world’s best-known purveyors of spyware. A report released separately by London-based Privacy International on Thursday said the same spyware had seen use in Uganda to hack, intimidate and blackmail members of the opposition. Business appears good for FinFisher, despite a damaging hack last year which exposed reams of client information and other confidential data. “They seem to have a healthy client base, despite the fact that they were hacked and customer data was exposed,” Citizen Lab’s Bill Marczak wrote in an email. “Far from observing a drop in FinFisher servers, we’re detecting more than ever before.” FinFisher did not return messages seeking comment on the findings. Like many malicious programs, FinFisher’s products work by infecting their targets’ computers and phones, copying messages, recording conversations and even activating webcams. On its website, the Munich-based company say the spyware helps law enforcement and intelligence agencies bring criminals to justice. Among the […]
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