Security News

US President Joe Biden has asked Congress to approve an extra $103 million in funding for the Cybersecurity and Infrastructure Security Agency, bringing CISA's total budget to $3 billion. "To protect against foreign adversaries and safeguard Federal systems, the Budget bolsters cybersecurity by ensuring every agency is increasing the security of public services," according to the proposal [PDF].

Last year was challenging for the global market, and the market downturn greatly affected even the historically resilient cybersecurity ecosystem. In this Help Net Security video, Merav Ben Avi, Content Manager at YL Ventures, talks about how the Israeli cybersecurity industry, much like the global one, skyrocketed in 2021 with record-breaking capital and an exceptional number of new startups and unicorns.

The funding extension comes when global governments and infrastructure providers increasingly acknowledge the critical role of industrial cybersecurity, necessitating enhanced focus on their ICS/OT settings. We launched the Dragos Global Partner Program this year, the only channel program to comprise OT cybersecurity technology, services, and threat intelligence as well as training.

The White House has recently announced a $1 billion cyber security grant program that is designed to help state and local governments improve their cyber defenses, especially about protecting critical infrastructure. The fact that governments are placing an increased focus on cyber security will surely help IT security teams because of the attention that it will bring to the seriousness of addressing cyber security threats.

How do you best spend a cybersecurity budget you have long been hoping you'd get? That's the question state, local, and territorial governments are starting to ask themselves in the wake of a major September announcement from the Department of Homeland Security. DHS will be doling out $1 billion in funding over the next four years as part of a first-of-its-kind cybersecurity grant program specifically aimed at SLT governments.

In the first half of 2022, the cybersecurity industry saw venture capital funding continue to pour into the space, according to Momentum Cyber's Market Review for 1H 2022. These trends are tracked by Momentum Cyber, the industry's first investment bank focused exclusively on cybersecurity, in its Cybersecurity Market Review for 1H 2022.

In 2020, cybersecurity companies raised $8.9 billion globally, and in 2021 the amount jumped to over $21 billion. While the data is very exciting and promising for the cybersecurity industry as a whole, there's one big question that has not been answered: How much of the funding went to companies led by women?

In this video for Help Net Security, Yonit Wiseman, Associate at YL Ventures, talks about the Israeli cybersecurity funding landscape in the past year. The Israeli cybersecurity industry has seen a rapid growth in the last decade, as many companies have reached the global market.

Cybersecurity firm BlueVoyant has taken $250m in a fresh funding round announced this week, pushing the company's valuation past the $1bn mark. BlueVoyant is led by Jim Rosenthal, formerly chief operating officer at Morgan Stanley.

Likely inspired by the LockBit ransomware gang, a Nigerian threat actor tried their luck with a $1 million payment lure to recruit an insider to detonate a ransomware payload on the company servers. With introductions no longer needed, the threat actor delivered the ransomware payload and the conversation kept flowing over Telegram, providing insight into the motivation and technical abilities of the scammer.