This week in cybersecurity from the editors at Cybercrime Magazine – Read the Full Story in the Hacker News Sausalito, Calif. – Apr. 23, 2024 While many people tend to focus on understanding how and why they were targeted by security breaches, there’s a larger, more pressing question, according to The Hacker News: What is the true financial impact of a cyberattack? According to research by Cybersecurity Ventures, the global cost of cybercrime is projected to reach an astonishing $10.5 trillion USD annually by 2025, which marks a dramatic increase from the $3 trillion USD reported in 2015 ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Read the Full Story in Security Infowatch Sausalito, Calif. – Apr. 19, 2024 In a Security Infowatch article, Shailesh Rao, president of the Cortex division at Palo Alto Networks, observes that chief information security officers must evolve their cyber strategies as future threats loom. Gartner predicts that 40 percent of enterprise applications will have embedded conversational AI by 2024, up from less than 5 percent in 2020. The analyst firm also cited that by 2025, 30 percent of enterprises will have implemented an AI ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Watch the Cybercrime Magazine Video Sausalito, Calif. – Apr. 18, 2024 Oleria, a company providing adaptive and autonomous identity security solutions, raised $33.1 million in a Series A funding round earlier this year. The investment, which brings the company’s total funding to over $40 million, is led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities ..read more

The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date Growth and early growth stage investor committed to differentiated portfolio characterized by strong operating performance of software companies safeguarding the digital world. NEW YORK, N.Y., Apr. 17, 2024 – Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP and total capital commitments of $1.1 billion to back visionary entrepreneurs building next-generation cybersecurity companies that safeguard the digital world. The fundraise was oversubscribed by existin ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Listen to the Cybercrime Magazine Podcast Interview  Sausalito, Calif. – Apr. 17, 2024 A complex and convincing scam drained a Whitefish Bay, Wis. woman of her entire savings. Throughout the month-long scam, the fraudsters falsified government documents, badges and bank deposit records to earn her trust. Kaitlin Henze has taken steps to grow her finances since she was a kid. After a series of missteps, Henze lost her entire savings, her 401(k) and investments. The scammers stole more than $200,000. “It’s litera ..read more

The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date Growth and early growth stage investor committed to differentiated portfolio characterized by strong operating performance of software companies safeguarding the digital world. NEW YORK, N.Y., Apr. 17, 2024 – Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP and total capital commitments of $1.1 billion to back visionary entrepreneurs building next-generation cybersecurity companies that safeguard the digital world. The fundraise was oversubscribed by existin ..read more

The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date Growth and early growth stage investor committed to differentiated portfolio characterized by strong operating performance of software companies safeguarding the digital world. NEW YORK, N.Y., Apr. 17, 2024 – Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP and total capital commitments of $1.1 billion to back visionary entrepreneurs building next-generation cybersecurity companies that safeguard the digital world. The fundraise was oversubscribed by existin ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Read the Full Story in TechRadar Pro Sausalito, Calif. – Apr. 16, 2024 According to Cybersecurity Ventures, the security awareness training market hit $5.6 billion in 2023 and is expected to surpass $10 billion in the next four years. This market boom is no surprise: cyber threats are rampant and large-scale attacks continue making headlines, according to an article in TechRadar Pro by Neil Thacker, EMEA CISO at Netskope. Every organization, he writes, no matter its size, is at risk of a breach. Annual cyb ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Read the Full Story in Security Management Sausalito, Calif. – Apr. 15, 2024 Security Management, a publication of ASIS International, reports that CEOs rise to their positions because of the breadth and depth of their expertise in areas such as strategic planning, finance, marketing, negotiations, and communications. But recent research suggests there’s a troubling gap in CEOs’ extensive skill sets that’s placing their organizations at risk: how to prepare and respond to the increasingly menacing problem ..read more

This week in cybersecurity from the editors at Cybercrime Magazine – Listen to the Cybercrime Magazine Podcast Interview Sausalito, Calif. – Apr. 13, 2024 If you’re a cybersecurity company that wants to know how to alienate a CISO, then Adam Keown, chief information security officer at Eastman, a Fortune 500 company, explains how on the Cybercrime Magazine Podcast. Keown advises sales executives to ditch tactics including cold calls, emails and LinkedIn messages that aim to go around the CISO’s staff. And he assures us that old-school selling strategies rooted in FUD (Fear, Uncertain ..read more