Security Technology

Much like the initial scepticism to credit cards when they were first introduced, there has been some apprehension over the use of e-trust solutions. However, the industry is proving they are secure and effective, and their use is on the rise. Electronic IDentification is on a mission to make digital identity solutions the norm.

Cyscale, which provides complete cloud visibility, has reportedly raised €3m in its seed funding round, which was led by Notion Capital.

Cybersecurity unicorn Axonius has more than doubled its valuation to $2.6bn, following the close of a $200m funding round.

The Federal Reserve Board has proposed changes to how financial firms get access to the US Central Bank’s payment system, a report by PYMTS has revealed.

Cyber risk management InsurTech KYND reveals that although dark web monitoring can be useful when a data breach has occurred, data breach monitoring should be the first port of call.

Cybersecurity firm PlexTrac has secured $70m from a Series B funding round headed by Insight Partners.

Hacker-directed bug bounty platform HackerOne secured $49m from a Series E funding round headed by GP Bullhound.

Endpoint security solution provider Portnox has bagged $22m from a Series A round of growth financing.

The White House has released its federal zero trust strategy, which will require agencies to meet certain cybersecurity standards and objectives by the end of fiscal 2024.

Cloud-native security firm Slim.AI has bagged $31m from a Series A funding round co-led by Insight Partners and StepStone Group.