CyberTech

Retail giant Schwarz Group has snapped up Israeli cybersecurity firm XM Cyber for an undisclosed fee.

The US Department of Justice (D.O.J) has revealed it has recovered the majority of the $4.4m ransom payment paid by Colonial Pipeline to the DarkSide ransomware variant.

As the number of people using services online has ballooned over the last year due to the onset of the Covid-19 pandemic, the threat posed by cybercriminals around the world has grown even stronger. How can companies and governments alike deal with this coming storm?

Cybersecurity startup OPORA has closed its seed round on $7m, which was led by Jerusalem Venture Partners and a number of angel backers.

After the Easter long weekend, our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.

Food processing giant JBS Foods has closed down production at multiple sites globally following a cyberattack.

US data intelligence firm BigID has secured $30m in financing from global private equity investor Advent International.

Sublime Security, an AI-powered, programmable email security platform, has successfully raised $20m in a Series A funding round.

Cybersecurity firm PQShield has secured $20m from a Series A funding round led by investor Addition.

Blackpoint, a cybersecurity company offering spread detection and network visualisation, has closed a $6m round of funding.