Tag Archive for: secures

Estonia’s BotGuard OÜ secures €12 million in Series A funding to expand global cybersecurity reach

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BotGuard OÜ, a cybersecurity software company based in Tallinn, has secured €12 million in Series A funding led by MMC Ventures, with participation from Tera Ventures, Expeditions Fund, and angel investors including Stefan Lindeberg. The company specializes in helping web hosting providers manage and protect their infrastructure from malicious threats. With this funding, BotGuard OÜ plans to further develop its technology, recruit tech development talent, and expand its sales and marketing teams as it continues to scale globally.

BotGuard is a cybersecurity company founded in 2019, with a global presence and clients across more than 30 countries. The company specializes in developing user-friendly online tools designed to protect businesses from contemporary web threats. Embracing a remote-first culture, BotGuard boasts an international team comprising over 15 nationalities, collaborating on agile projects to enhance internet security for businesses and individuals worldwide. The company has secured funding through various rounds, with notable investors including Tera Ventures and Expeditions Fund.

Nik Rozenberg, CEO and co-founder at Botguard OÜ, says, “Every business should have effective web traffic management, yet there are no affordable solutions focused on the SME segment due to complicated and expensive onboarding processes. Malicious bot traffic can be extremely harmful for businesses – particularly for the likes of e-commerce retailers that depend on their website to operate – and organisations require tools that keep pace with the rapidly-evolving threat landscape. Even neutral web traffic – like some crawler bots – can drive up management costs. We are democratising web security by offering web hosting providers a flexible, easy-to-use, and cost-effective solution that still offers the highest level of control over web traffic. We are excited for this next stage of our growth journey as we continue to innovate and expand into new territories.”

Mina Samaan, Partner at MMC Ventures, states, “Born from the pain of living through this problem, Nik and Denis have built an impressive business, and the incredible traction BotGuard…

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KLH student secures 4th in Ethical Hacker Rankings

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Hyderabad: KLH Hyderabad Campus student P. Vamshi Krishna Raju from third-year B. Tech (Computer Science and Engineering) demonstrated exceptional excellence by completing the L3 Certified Ethical Hacker (Master) certification, and secured the fourth position in the Quarter 3 leaderboard rankings 2023 of EC-Council, highlighting KLH’s dedication to nurturing top-tier talent in the field of ethical hacking.

The Certified Ethical Hacker (CEH) programme, hailed as the pinnacle of information security training, has witnessed achievements from KLH campus. In the academic years 2022-23 and 2023-24, 16 and 12 students from the campus earned the esteemed Certified Ethical Hacker certifications respectively which presents their deep understanding of ethical hacking and showcases the universities commitment to prepare students in becoming skilled professionals.

The Certified Ethical Hacker (CEH) programme, recognized as the gold standard of information security training, empowers individuals to master cutting-edge hacking technologies. KL Deemed to be University is acknowledged by EC-Council as an authorized Academia Partner, contributing to the prestigious EC-Council Academia Partner network.

Dr. G.P. Saradhi Varma, Vice- Chancellor, KL Deemed to be University, said, “As we witness our students excel on the international stage; it reinforces the importance of encouraging a culture of innovation and cybersecurity awareness. I congratulate the students for their stellar achievements, and I am confident they will continue to make meaningful contributions to the field of cybersecurity and beyond.”

Dr. Savadam Balaji, Professor at KLH Hyderabad campus, has completed the Certified Ethical Hacker Exam with proficiency, particularly excelling in key sections such as Cryptography, Cloud Computing, Reconnaissance Techniques, and more.

Professor Balaji’s expertise in these critical areas contributes significantly to KLH’s dedication to academic excellence and constant encouragement by the management.

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Apple secures WebKit as global ransomware attacks surge

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If nothing else, Apple’s most recent emergency security update should be considered proof of an increasingly tense security environment.

Enterprises must understand that while Apple maintains a pretty solid ecosystem — certainly at present the most secure, even according to Cisco — that doesn’t mean it’s entirely safe, and every Apple customer needs to get wise to the growing proliferation of threats.

With more and more business users turning to the company’s solutions, it’s important to get ahead of the threat.

What is the current threat environment?

The latest Orange Cyberdefense Security Navigator Report claims a global 46% surge in cyber-extortion attacks across the last year — and warns that just over a third (37.45%) of detected incidents originated from internal actors, not all of these by accident.

With employees and trusted insiders remaining the soft vulnerable point for a third of attacks, it’s essential every business and every user spend time learning about the best approach to online security.

The Orange report points out that attacks are taking place at strategic points in the supply chain. It warns that larger enterprises are the most targeted entities, and points to a surge in attacks against the manufacturing sector.

Ransomware, it seems, has become so prevalent that some of the more organized groups now host help desks targets can contact for assistance — and to arrange payment and data recovery.

Weaponizing WebKit

Keep these findings in mind as you consider Apple’s latest emergency security updates. Released at the end of November, these address two zero-day vulnerabilities (CVE-2023-42916 and CVE-2023-42917) that have been exploited by hackers to access sensitive information on Apple devices and/or to execute arbitrary code by using malicious webpages to take advantage of a memory corruption bug.

Michael Covington, vice president of portfolio strategy at Jamf, explained:

“These latest OS updates, which address bugs in Apple’s WebKit, show that attackers continue to focus on exploiting the framework that downloads and presents web-based content. The latest bugs could lead to both data leakage and arbitrary…

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Halcyon Secures $50M Funding for Anti-Ransomware Protection Platform

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Halcyon, a Texas startup building an AI-powered anti-ransomware engine to help organizations ward off data-extortion attacks, has snagged $50 million in financing from prominent venture capital investors.

The company said the $50 million Series A was led by SYN Ventures, an investment firm that makes early-stage bets on cybersecurity companies. Halcyon also took on equity investments from  Dell Technologies Capital and Corner Capital.

The new financing provides a runway for Halcyon to speed up development and adoption of what it is calling a “cyber resilience platform” designed to defeat ransomware and extortion campaigns, according to co-founder and chief executive Jon Miller.

Using a lightweight agent that combines prevention engines with AI models trained solely on ransomware, Halcyon is marketing a platform promising a multi-tiered approach to defeat ransomware.

The layered components include pre-execution ransomware prevention, a feature that uses AI/ML engines to detect and block any known bad executables like off-the-shelf commodity ransomware and passes unknown but suspicious executables to the additional protection layers for further analysis. 

Halcyon has also fitted features to trick ransomware into aborting or revealing the attack by exploiting features hardcoded in the ransomware itself.

“We engineered Halcyon to embrace failure as a core concept of protection. Stopping ransomware requires multiple prevention and detection techniques, all trained extensively on years of actual ransomware attacks,” Miller said. 

Related: SYN Ventures Closes $300M Fund for Cybersecurity Bets

Related: Rapid7 Buys Anti-Ransomware Firm Minerva Labs for $38 Million

Related: Investors Bet Big on Safe Security for Cyber Risk Management

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