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Cybereason of Tel Aviv and Boston landed a $100m investment from Softbank.

Endpoint Protection Firm Cybereason Lands $100m Softbank Investment

Alternatives to legacy endpoint protection software like anti virus is one of the hottest areas in the information security space. Yesterday’s announcement by Cybereason of a $100 Million investment by SoftBank only underscores that. Cybereason, which has offices in Boston, London and Tel Aviv, closed a Series D funding round from SoftBank to accelerate growth. The round brings total investment in Cybereason to $189 million and make SoftBank the single largest investor int he company, which also counts Spark Capital, Lockheed Martin and CRV as investors. “We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, […]

Security Pro tilts at Smart Drill, finds It doesn’t suck

Security Pro tilts at Smart Drill, finds It doesn’t suck

In-brief: Is there cause for hope? A new analysis of a connected power drill  by a researcher at DUO Security finds that it’s actually pretty secure. But challenges remain for connected device makers.

Two security firms say that malicious software discovered in a December attack in Ukraine is designed to cripple electrical substations.

Update – Security Firms: New Malware Built to Hobble Electric Grid

In-brief: Experts from two security firms are warning that a newly discovered piece of malware dubbed Crash Override is designed to shut down and even damage electrical substations and other components of the electrical grid. 

Update: Cash for Medical Device Clunkers? Task Force calls for Healthcare Security Overhaul

Update: Cash for Medical Device Clunkers? Task Force calls for Healthcare Security Overhaul

In-brief: the U.S. healthcare sector is in critical condition and needs urgent, coordinated action to protect patient safety and address vulnerabilities in millions of deployed medical devices, a Congressional Task Force has concluded. (Updated with comments from Joshua Corman of Atlantic Council. PFR June 7, 2017)

Armis promises to detect and monitor Internet of Things devices on enterprise networks. (Image courtesy of Armis.)

Armis scores $17m to tackle Enterprise IoT Security

In-brief: with a $17 million investment from Sequoia Capital and Tenaya Capital, Armis becomes the latest security firm to trace its origins back to the Israel Defense Force’s Unit 8200 and the latest to target Internet of Things risk to the enterprise.