Business & Finance News, Articles and Updates

Venture capital investments March 2018

Venture capital investment roundup

Endpoint security software market valued at £4.6 bn by 2021

The endpoint security software market is forecast to grow at a 4.5 percent annually over the next five years, reaching £4.6 billion by 2021 according to Forrester research.

Multinational talks of £100 mil loss as Petya/NotPetya leaves its mark

International consumer goods giant Reckitt Benckiser has announced a large loss in revenue as it recovers from last week's Petya/NotPetya ransomware attack.

Anthem to pay out "largest settlement ever" for 2015 data breach

The US' second largest health insurer is to pay out the largest settlement ever for a data breach.

Cyber due-diligence now forms an essential part of M&A planning

As cyber-concerns make their way up the boardroom agenda, companies involved in mergers and acquisitions are increasingly conducting cyber due-diligence.

Plugging the gap: Why are fewer women getting into cybersecurity?

The latest figures show the number of female cyber security professionals is reducing compared with previous years. What, SC's Kate O'Flaherty asks, is the industry doing wrong?

Verizon closes Yahoo deal for $4.48 billion after long, bumpy road

Verizon has finally acquired Yahoo, at a discounted price, after a deal marred by the admission that Yahoo had been subject to two of the largest breaches ever recorded.

Microsoft sues mystery hackers and virtual gaming currency touts

Microsoft is taking a shadowy company to court over hacking Microsoft user accounts to fraudulently buy in-game currency to sell on.

Your money or your files: Why do ransomware victims pay up?

After the previous weeks' WannaCry attacks paralysed public utilities, governments and major companies, SC wants to know why people are still paying criminals to unlock their data.

Global ransomware onslaught makes cybersec investors WannaCry with joy

Friday's ransomware attack appears to have pushed cyber-security shares up, as WannaCry reminds investors how important other people's security is.

Business Roundup: Loom raises $6m; JV announced; Mimecast results

Loom Systems raises US$6 million (£4.6 million) led by JVP; Darktrace/Siemens in industrial system JV; Mimecast Q4 and year-end results issued.

Cyber-breaches wipe billions off investors' portfolios, report claims

A research report published by CGI claims to have been able to measure for the first time the impact that major cyber-incidents have on share prices - and it says it's getting worse.

SMEs encouraged to bid in €3bn Nato tech refresh, €71m for cyber

Workshops to help SMEs bid for the 40 contracts in Nato's €3 billion tech refresh during this month's NITECT17 conference, with €71 million earmarked for cyber-security services contracts.

AI provides autonomous cyber-incident response for threats in progress

The new system from Darktrace is being promoted not as a complete incident response system which would allow security analysts to put their feet up, but as a means of helping to free up time for busy Security Operations Centre (SOC) teams.

UK government funded startup incubator opens applications for next round

HutZero announced that it has opened applications for participants to join its second cohort in September 2017!