Tag Archive for: debuts

Rubrik Debuts $10 Million Ransomware Recovery Warranty in India


First in the industry to offer a ransomware recovery warranty of its kind for qualified customers, Rubrik, the Zero Trust Data Security Company, announced today in India its $10 million Ransomware Recovery Warranty. The company is doubling down on its commitment to customers and their business resilience, to provide confidence that with Rubrik, they can rapidly recover and restore business-critical operations if faced with a ransomware attack.

“With the ever-growing sophistication of cybercrime, reducing the risk of a ransomware attack to zero has become a harrowing task. This ongoing evolution demands organizations to stay vigilant and ready for the inevitable instance of a cyber attack,” said Bipul Sinha, Co-Founder & CEO, Rubrik. “Bringing our Ransomware Recovery Warranty to India is an imperative step towards reinforcing trust and demonstrating unwavering global support to our customers in the battle against cyber threats.”

Ransomware attacks have grown into an estimated $8.4T industry globally, becoming one of the greatest threats to our economy. According to the Rubrik Zero Labs State of Data Security report, surveying over 1,600 IT and security leaders, more than half of the respondents’ organizations were impacted by a ransomware attack in the last year. In India, 26% of respondents reported their organizations experienced over 100 attempted cyber attacks within the last year alone and 51% of companies suffered a loss of customers as a result of a cyber attack. As our reliance on data-heavy technology continues to expand, the susceptibility of this data to cybercrime grows in tandem. It’s crucial that organizations pivot from trying to completely mitigate the risk of a cyber attack to focusing on minimizing the impact.

“Protecting against ransomware attacks is a top priority for organizations today,” said Sendil Kumar, Chief Technology Officer at Shriram Capital Ltd. “Rubrik’s Ransomware Recovery Warranty stands out in the cybersecurity industry as it underscores the confidence they have in their data security solutions and their ability to recover customer data after a…

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The Security Stage debuts at Disrupt 2023


If you haven’t noticed, the internet is frequently on fire. Overseas cyberattacks are hitting public services like healthcare at home. Data breaches are the new school “snow days.” Small towns and local governments are largely unable to fend off ransomware attacks on their own. Nation-state hackers are undermining human rights and the security and privacy of millions by hacking into phones using undisclosed security flaws. And the emerging world of web3 balances precariously on the fragile foundations of Web 2.0’s problematic past.

But it’s not all doom and gloom. This year, TechCrunch is taking on some of the biggest security and privacy problems head-on at Disrupt 2023 with the sharpest minds and pros in the industry. And there is a lot to talk about.

The debut Security Stage is the one-stop shop for all things security and privacy at TechCrunch Disrupt 2023. By drawing on firsthand reporting from TechCrunch’s security desk this past year, we’re exploring the most pressing and important issues facing tech giants, startups and billions of citizens around the world with the people who know the challenges best.

How do we protect our most valuable information from hostile states without establishing U.S. data laws at home? What can early companies do today to protect users’ data from overreaching surveillance? How do we know to trust the security of the phones in our pockets? Can governments keep cyberspace safe and protect our information without compromising its values or violating human rights? Will web3 be the future financial powerhouse without fixing the problems from yesteryear? Just how on fire are we?

We’ll hear from founders trying to solve the problems and how governments are reacting and responding to the growing threats like spyware, cyberattacks on public services, and election integrity. And we’ll hear from frontline defenders and seasoned professionals with a collective firehose of experience and insight to help today’s emerging companies prepare for the challenges ahead. In previous years we’ve heard from U.S. government agencies like CISA and the NSA, federal lawmakers working to protect Americans’ data, top security executives, and…

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ZeroFox Debuts as a Public Com


LAS VEGAS, Aug. 09, 2022 (GLOBE NEWSWIRE) — ZeroFox ( ZFOX), an enterprise software-as-a-service (Saas) external cybersecurity provider, today announced its participation at Black Hat USA 2022 cybersecurity conference taking place Aug. 10-11 in Las Vegas at the Las Vegas Convention Center. This is ZeroFox’s first public event since its listing on the Nasdaq on August 4. The company will be sharing new threat intelligence research regarding cyber attacks in the financial, manufacturing, retail and healthcare sectors at ZeroFox’s booth #2260. Black Hat conference attendees will receive a full demonstration of the unified ZeroFox External Cybersecurity Platform, which combines the power of AI analytics, digital risk and privacy protection, full-spectrum threat intelligence services, and a robust portfolio of breach, incident and takedown response capabilities to expose and disrupt cyber threats on the internet beyond the corporate perimeter.

“2022 has already been a year of major milestones for ZeroFox, especially as the first cybersecurity company to go public this year,” said James C. Foster, Chairman and CEO of ZeroFox. “There’s no question that threat actors have become more persistent, creative and damaging to enterprises across the board and we’re working closely with our customers and partners to ensure that we’re protecting them beyond their perimeter from the growing number of risks outside of the firewall.”

Today’s hackers, whether state-sponsored or otherwise, are more sophisticated than ever before. Since last year’s Black Hat Conference, ZeroFox has delivered exceptional customer value by thwarting these attackers while realizing significant traction on its 2022 objectives. In Q1 2022 alone, ZeroFox has completed hundreds of thousands of successful takedowns – representing a 300% percent increase year-over-year. This included increases in takedowns for phishing campaigns, fraudulent domains, malicious content, and impersonating social media accounts. This quarter, we have identified more than 5.8M attacks and escalated nearly 272K high or critical incidents to our customers including:

  • 125 percent YoY growth in total external attacks
  • 521 percent…

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Ping Identity Debuts $50M Venture Fund to Back IAM Startups


Identity & Access Management
,
Security Operations

Ping Ventures Will Support Startups Building the Next Generation of Identity Tools

Ping Identity Debuts $50M Venture Fund to Back IAM Startups
Anton Papp, head of corporate development, Ping Identity (Photo: Ping Identity)

Ping Identity is rolling out a $50 million in-house corporate venture fund to support identity and access management technology startups, betting it can spot, fund and integrate cutting-edge technology into its own stack.

The Denver-based identity vendor says Ping Ventures will back new businesses in fields such as online fraud and risk services, real-time identity verification, identity and data access governance, decentralized identity, machine identity, experience automation, and dynamic authorization and entitlement.

See Also: Fireside Chat | Zero Tolerance: Controlling The Landscape Where You’ll Meet Your Adversaries

The company’s investing approach won’t be the same as traditional venture capital, says Anton Papp, Ping Identity’s head of corporate development.
“There are strategic reasons behind why we are making investments. And because of that, there’s much tighter integration with our products and back to subject matter experts in the company,” he tells Information Security Media Group.

Ping Ventures will serve companies seeking seed, Series A and Series B funding and will make investments ranging from $500,000 to $5 million each. The company hopes to make between three and four investments each year and expects offer follow-up support to portfolio companies over the next couple of years, allotting $50 million (see: Cloudflare One Brings Email Security, DLP, CASB Together).

Startups that receive funding from Ping will benefit from access to the company’s subject-matter expertise,…

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