Security Technology

Operations at the Colonial Pipeline have been brought to a standstill following a ransomware cyberattack that affected some of its IT systems.

Claroty, a CyberTech solution protecting IoT devices, has secured $400m in its Series E funding round.

The global cyber insurance market's revenue is expected to grow at a massive 26.3% compound annual growth rate in the next ten years to reach $70.67bn in 2030.

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Swedish e-commerce company tretti.se's owner Whiteaway Group has seen confidential customer information being compromised in a ransomware attack.

SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry Shift Technology closed a $220m fundraising bringing its valuation to over $1bn.

Computer Services Inc. (CSI) will collaborate with CivilTas Bank Solutions to provide the latter’s community bank customers with managed services solutions.

A new phishing scam has been found which targets people’s fear of contracting the coronavirus, according to cybersecurity education platform KnowBe4.

Deduce, a cybersecurity platform powered by real-time identity network data, has closed its Series A round on $10m.

Nucleus Security, a unified vulnerability management and process automation provider, has scored $20m in its Series B round.