Deep Instinct

Cork Doubles Down on Providing Financial Protection to SMBs through the MSP Ecosystem

Retrieved on: 
Tuesday, January 23, 2024
Cyberattack, ISV, Privacy, MSP, Deep Instinct, Attack, Insurance, Luigi, Barracuda, Risk, Organization, Data breach, Research, SMB, Arms industry

“Cork is laser-focused on our commitment to fix the broken cyber insurance market, and we firmly believe that MSPs should be a part of the solution,” said Carlson Choi, CEO, Cork.

Key Points: 
  • “Cork is laser-focused on our commitment to fix the broken cyber insurance market, and we firmly believe that MSPs should be a part of the solution,” said Carlson Choi, CEO, Cork.
  • The growing risk and cost associated with a cyberattack means more and more financial protection solutions are being developed to protect businesses.
  • “Often, financial protection solutions don't integrate with the SMB’s existing technology stack, making it harder to apply for and onboard.
  • Providing SMBs with instant funding relief and fast claim payouts in days rather than months, as with traditional cyber insurance providers.

Noname Security Expands Leadership Team to Drive Company's Next Phase of Growth

Retrieved on: 
Wednesday, December 13, 2023
Financial management, IBM, API, CFO, Research and development, RSA Security, Project management, SAN, Intel, Federation, Commvault, IDF, Imperva, Initial public offering, Wiz, Deep Instinct, Growth, Investment, Public sector, RSA, Dell EMC, Dell, Organization, History, Management

Yossi will oversee the company's growth strategy as it continues to expand its global presence, and Einat will drive cross-functional operational activities across the organization.

Key Points: 
  • Yossi will oversee the company's growth strategy as it continues to expand its global presence, and Einat will drive cross-functional operational activities across the organization.
  • In his capacity, Arie will spearhead research and development initiatives, driving the company's mission to advance API security innovation and enhance competitiveness.
  • "Today signifies a pivotal milestone for Noname Security as we elevate our focus on strategic business investments, propelling our business growth to align with the dynamic shifts in the business landscape and the escalating demands for innovative API security solutions," said Oz Golan, CEO and co-founder of Noname Security.
  • According to the recent 2023 API Security Disconnect report, 78% of organizations have experienced an API security incident in the last 12 months.

Sky Harbour Group Announces the Second Closing of its Private Equity Placement with an Altai Capital Investment Vehicle for an Additional Aggregate Consideration of $15,000,000

Retrieved on: 
Wednesday, November 29, 2023
Construction & Property, Finance, Air, Transport, REIT, Professional Services, Aerospace, Manufacturing, Transportation, Travel, Sale, Palo Alto Networks, Tal Keinan, Lane Bess, Regulation D, Funding, NYSE, PIPE, Common stock, Second, Deep Instinct, Initial, Home-based program, Morrison & Foerster, Aircraft, Aviation, Purchasing, Security (finance)

On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.

Key Points: 
  • On a per share basis, the purchase price is equivalent to approximately $6.50 per share of Class A Common Stock and associated warrant coverage.
  • Together with the first closing which occurred on November 2, 2023 (the “Initial Closing Date”) the aggregate PIPE Financing totaled $57,810,000.
  • The closing of the Second Closing Financing occurred today in New York, NY.
  • Morrison & Foerster acted as legal advisor to the Company and Schulte Roth + Zabel LLP to Altai Capital.

BLOKWORX Selects Stellar Cyber Open XDR Platform to Bolster its Managed Security Offering

Retrieved on: 
Monday, October 30, 2023
Technology, Security, Satellite, Telecommunications, Software, Networks, Internet, Data Management, Artificial Intelligence, Stellar, XDR, Secop, SOAR, TIP, MSP, MSSP, Deep Instinct, Deep learning, Telemetry, NDR, Risk management, Arms industry

Stellar Cyber, the innovator of Open XDR, announced today that a top 200 managed security service provider (MSSP), BLOKWORX, has added Stellar Cyber Open XDR Platform to its security stack to enhance context and increase the differentiation of its security offerings.

Key Points: 
  • Stellar Cyber, the innovator of Open XDR, announced today that a top 200 managed security service provider (MSSP), BLOKWORX, has added Stellar Cyber Open XDR Platform to its security stack to enhance context and increase the differentiation of its security offerings.
  • The Stellar Cyber Open XDR Platform enables MSSPs to produce consistent security outcomes with existing staff.
  • In addition, Stellar Cyber complements security teams’ human expertise, making them more productive and efficient.
  • BLOKWORX is a leading MSSP delivering data-centric security services aimed at managed security providers (MSP) with limited in-house cybersecurity resources.

Deep Instinct Launches Prevention-First Approach to Storage Protection

Retrieved on: 
Monday, October 23, 2023
Software, Technology, Other Technology, Security, TCO, CAVA, DPS, Dell EMC, Instinct, Data, NAS, Environment, Deep Instinct, Dell, Risk, DL, NetApp, Risk management

Deep Instinct , the prevention-first cybersecurity company that stops unknown malware pre-execution with a purpose-built, AI-based deep learning (DL) framework, today announced the launch of Deep Instinct Prevention for Storage (DPS) .

Key Points: 
  • Deep Instinct , the prevention-first cybersecurity company that stops unknown malware pre-execution with a purpose-built, AI-based deep learning (DL) framework, today announced the launch of Deep Instinct Prevention for Storage (DPS) .
  • The new offering applies a prevention-first approach to storage protection, wherever data is stored – Network Attached Storage (NAS), hybrid, or public cloud environments – and seamlessly integrates into existing environments to deliver unparalleled efficacy and accuracy along with enterprise-grade scalability.
  • Ease of Management – DPS is managed via a single console alongside Deep Instinct for Endpoints (DPE) and Deep Instinct Prevention for Applications (DPA) .
  • DPS for cloud storage, specifically AWS S3, will provide organizations with a holistic approach for storage security across public clouds.

Deep Instinct Threat Report Finds Ransomware, State-Sponsored Attacks, and AI-Powered Cyber Threats Surged in H1 2023

Retrieved on: 
Wednesday, October 11, 2023
Networks, Security, Data Management, Technology, Software, MOVEit, Family, Government, Instinct, RaaS, FBI, Organization, LLM, State, Artificial intelligence, Workforce, Growth, Forum, RaidForums, DL, ChatGPT, Muddywater River, Deep Instinct, Gamaredon, Medical device, Arms industry, Cryptocurrency, Sandworm, Callisto

Deep Instinct , the prevention-first cybersecurity company that stops unknown malware pre-execution with a purpose-built, AI-based deep learning (DL) framework, today released its 2023 Bi-Annual Cyber Threat Report , which details the most pressing cyber threats of the year.

Key Points: 
  • Deep Instinct , the prevention-first cybersecurity company that stops unknown malware pre-execution with a purpose-built, AI-based deep learning (DL) framework, today released its 2023 Bi-Annual Cyber Threat Report , which details the most pressing cyber threats of the year.
  • Prevention against these cyber attacks is possible, but it requires a change from the reactive, ‘assume breach’ mentality that has plagued the industry for far too long.”
    Top findings from Deep Instinct’s 2023 Bi-Annual Cyber Threat Report include the following:
    Ransomware-as-a-Service (RaaS) attributed to a spike in H1 2023 ransomware victims.
  • The newest edition of the report found that more victims were affected by ransomware in the first half of 2023 than in the entirety of 2022.
  • To download Deep Instinct’s 2023 Bi-Annual Cyber Threat Report, please click here .

MITRE Engenuity ATT&CK® Evaluations Announces Results of Enterprise Cybersecurity Solutions Vs. Turla Emulations

Retrieved on: 
Wednesday, September 20, 2023
Technology, Data Management, Security, VMware, IBM, ESET, Elastic, CrowdStrike, Intelligence, Microsoft, Research, Check Point, SentinelOne, Government, Organization, BlackBerry, Read–eval–print loop, Trend Micro, Fortinet, Linux, Deep Instinct, IBM Secure Service Container, ATT, MITRE, Palo Alto Networks, WatchGuard, Risk management, Sophos, Microsoft Windows, Turla, Bitdefender, Broadcom Inc.

MITRE Engenuity ATT&CK® Evaluations (Evals), a program of MITRE Engenuity ™, MITRE’s tech foundation for public good, released its latest round of independent ATT&CK Evaluations for 30 enterprise cybersecurity solutions.

Key Points: 
  • MITRE Engenuity ATT&CK® Evaluations (Evals), a program of MITRE Engenuity ™, MITRE’s tech foundation for public good, released its latest round of independent ATT&CK Evaluations for 30 enterprise cybersecurity solutions.
  • Through the lens of the MITRE ATT&CK knowledge base , this round focused on adversary behavior informed by Turla (G0010) , a known Russia-based threat group.
  • The evaluations are part of MITRE Engenuity’s suite of programs to help government and industry combat cybersecurity attacks through threat-informed defense practices.
  • The evaluations do not rank vendors and their solutions; however, organizations can use the evaluations to determine which vendors and solutions may best address their own cybersecurity gaps and fit their particular business needs.

Netsurion and Radius Channels Ink Distribution Partnership

Retrieved on: 
Wednesday, September 6, 2023
NIST, Partnership, XDR, Instinct, ISO, Deep learning, SOC, Security information and event management, MSP, NIST Cybersecurity Framework, MDR, Member of the Scottish Parliament, Endpoint security, Risk, User, Application Control Management System, CSF, AI, Extension, Deep Instinct, SIEM, Risk management, Medical device, Radius, Sensor

“Since our inception, we’ve been focused on building cybersecurity that makes sense for the small- and mid-sized business,” said Kevin Watson, CEO of Netsurion.

Key Points: 
  • “Since our inception, we’ve been focused on building cybersecurity that makes sense for the small- and mid-sized business,” said Kevin Watson, CEO of Netsurion.
  • With Netsurion, Radius Channels offers end-to-end cybersecurity across the NIST Cybersecurity Framework (CSF) functions – Identify, Protect, Detect, Respond, and Recover.
  • In addition to fulfilling the Detect and Respond functions of the NIST CSF, Netsurion brings a managed security service layer to the Radius cybersecurity portfolio.
  • “We’re very excited about this partnership”, said Radius Channels CEO, Howard Goldberg.

Deep Instinct Study Finds Significant Increase in Cybersecurity Attacks Fueled by Generative AI

Retrieved on: 
Wednesday, August 23, 2023
Technology, Online Privacy, Other Professional Services, Business, Finance, Apps, Applications, Professional Services, Artificial Intelligence, Other Technology, Software, Networks, Data Analytics, Fintech, Data Management, Insurance, Pressure, Plague, Instinct, Health, DL, Secop, Policy, Research, Privacy, Human voice, Public sector, Organization, EDR, Diving, Media, Workload, AI, Transport, Deep Instinct, Morale, Ciso, Endpoint detection and response, Medical device, Cryptocurrency

The study highlights the impact of generative AI in the cybersecurity industry, analyzing the technology’s positive and negative effect on organizations’ security postures and preparedness.

Key Points: 
  • The study highlights the impact of generative AI in the cybersecurity industry, analyzing the technology’s positive and negative effect on organizations’ security postures and preparedness.
  • Unsurprisingly, 75% of security professionals witnessed an increase in attacks over the past 12 months, with an astonishing 85% attributing this rise to bad actors using generative AI.
  • However, senior security professionals also view generative AI as a disruptive cybersecurity threat, with nearly half (46%) of respondents believing generative AI will increase their organization’s vulnerability to attacks.
  • The top three generative AI threat issues include growing privacy concerns (39%); undetectable phishing attacks (37%); and an increase in the volume and velocity of attacks (33%).

InvestCloud Appoints Industry Veteran Heather Bellini as President and CFO

Retrieved on: 
Tuesday, July 11, 2023
Software, Technology, Professional Services, Finance, Software as a service, Goldman, CFA, Senior, Denison University, Salomon Brothers, Partner (business rank), Research, Columbia Business School, Audit committee, Goldman Sachs, Partner, HR, CFO, Entrepreneurship, UBS, Deep Instinct, Analyst, Woman, Management, Economics

InvestCloud, the global software-as-a-service (SaaS) leader in digital transformation for the wealth management industry, today announced the appointment of Heather Bellini as President and Chief Financial Officer, leading finance, legal, HR and business operations.

Key Points: 
  • InvestCloud, the global software-as-a-service (SaaS) leader in digital transformation for the wealth management industry, today announced the appointment of Heather Bellini as President and Chief Financial Officer, leading finance, legal, HR and business operations.
  • She served as a Partner and Managing Director at Goldman Sachs for nearly 10 years before joining cybersecurity software company Deep Instinct as CFO in 2021.
  • "Few people know the software sector as well as Heather and I am delighted she will help lead InvestCloud into its next chapter,” said Richard Lumb, Chief Executive Officer of InvestCloud.
  • “I am delighted to welcome Heather to InvestCloud,” said Rob Heyvaert, Founder and Managing Partner at Motive Partners.