BalaBit secures $8m for business-friendly IT security

BalaBit has raised a $8 million Series A round of funding to speed up the development and expansion of its pioneering IT security platforms. The new investment will be used to fuel BalaBit’s international expansion in North America and additional European markets including the UK and Scandinavia. The cash was raised from London based C5 Capital, Europe’s first dedicated investor in the security and data sector.

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Growing number of successful attacks

33% said a malware attack cost on average between £10,000 and £50,000 to remediate, highlighting need for greater threat intelligence when securing IT networks. Check Point has announced the findings of a survey showing that a combination of progressively more sophisticated malware and lack of intelligence about new security threats are key reasons for the growing number of successful malware attacks.

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Aligning with one of Gartner’s key trends for 2021 - Cybersecurity Mesh, - “a distributed...
Only 15% of IT Decision Makers (ITDM) report having HCI as part of their infrastructure, citing...
FortiRecon combines machine learning, automation, and human intelligence to continually monitor an...
Solution is easy-to-use, affordable and helps detect threats that evade other defences.
Focused on bringing ease of use to IT security automation, ThreatQ TDR Orchestrator addresses...
The shift previously observed in the geographical location of cyber extortion (Cy-X) victims...
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Case Study: @nifty Delivering IT Security to Their Customers with Kaspersky

NIFTY Corporation is one of the leading Telecoms and Internet Service Providers in Japan, supplying high-speed broadband connectivity to more than 1.39 million broadband users. Providing robust security for the many subscribers to its online services is very important because repeated security breaches or loss of service may result in customers suffering damage or losses - and ultimately leaving NIFTY and moving to competitors' services.

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