Cyber Security Institute
§ Current Worries
Top 3 Worries
- Regulations
- Old Firewall Configurations
- Security Awareness
§ Listening
For the best information
- The underground
- Audible
- Executive Excellence
- Music (to keep me sane)
§ Watching
For early warnings
- 150 Security Websites
- AP Newsfeeds
- Vendors
Monday, May 24, 2010
Guardian Analytics raises $9 million as cybercrime rates soar
As cases of cybercrime against US business bankers reach epidemic proportions, California-based banking security firm Guardian Analytics has raised $9 million in funding, led by Sutter Hill Ventures with participation by existing investor Foundation Capital.
Earlier this year, the company announced FraudMap for Business Banking, designed specifically to detect suspicious behavior in the multi-user business-banking environment where fraudsters have recently stolen hundreds of millions of dollars using Man-in-the-Browser attacks and networks of money mules.
The five-year old company achieved record results in 2009, increasing new customer sales by 300% year-over-year and driving a 100% customer renewal rate.
http://www.finextra.com/news/fullstory.aspx?newsitemid=21420