Why cyber risk is a core part of ESG
As COP27 takes place, it is a reminder of how interweaved ESG will be in the future of the financial marketplace. KYND, a cyber risk technology developer, has released a report exploring the unsung hero of ESG – cyber risk.
Ransomware attacks costs US financial institutions over $1bn in 2021
A report by the US Treasury has found US financial institutions experienced nearly $1.2bn in costs associated with ransomware attacks in 2021.
MDR platform Binary Defense Systems gets first institutional funding
Binary Defense Systems, a managed detection and response (MDR) and enterprise defence provider, has raised $36m for its first institutional growth equity funding round.
Munich Re to increase cyber cover prices
Munich Re Group, a provider of reinsurance, primary insurance and insurance-related risk solutions, is reportedly to increase its cyber cover prices in Germany and Europe.
SecondSight secures $3m, exits stealth to shake up cyber insurance
Cyber insurer SecondSight has exited stealth with the launch of its AI-driven platform and an oversubscribed $3m seed round.
Immersive Labs nabs $66m for people-centric cyber services
Immersive Labs, which specialises in people-centric cyber resilience, has raised $66m in fresh funding as it looks to bolster its Cyber Workforce Resilience platform.
Cyber defence solution TEHTRIS nets €44m
France-based cyber defence solution TEHTRIS has raised €44m in financing, which includes €36m in growth equity.
Clearspeed closes Series C for voice analytics-powered fraud prevention
Clearspeed, a provider of voice analytics technology to assess security and fraud risk, has raised $27m in Series C funding.
Elpha Secure bags $20m to serve small businesses
Elpha Secure Technology, a cyber insurance startup that combines proprietary cybersecurity software with coverage to improve risk transfer, has raised $20m in Series A funding.
CyberTech firm RealDefense snaps up $30m for acquisition push
RealDefense, a firm that develops and markets privacy, security and optimisation software, has scored $30m in new financing.
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