SecBI network security firm raises 5m to tap US, European market

ZDNet

SecBI has raised 5 million in a Series A funding intended to fund the firm's debut into the US and European cybersecurity markets. On Tuesday, the Beer Sheva, Israel-based firm said the 5 million funding round has now closed. Investors include Orange Digital Ventures, Connecticut Innovations, Amichai Shulman and existing investor Jerusalem Venture Partners (JVP). SecBI says the proceeds of the investment round will be used to launch SecBI's debut product, a software solution which automates threat detection and incident investigation. SecBI harnesses machine learning technology to monitor and analyze network log data, identify interesting patterns and hidden threats, and the compile a "comprehensive incident storyline" which will help IT professionals mitigate cyberattacks quickly.


What do AI, blockchain and GDPR mean for cybersecurity?

#artificialintelligence

It's possible that someone may be watching your screen--by listening to it. A recent study from cybersecurity analysts at the universities of Michigan, Pennsylvania and Tel Aviv found that LCD screens "leak" a frequency that can be processed by artificial intelligence to provide a hacker insight into what's on a screen. "Displays are built to show visuals, not emit sound," says Roei Schuster, a PhD candidate at Tel Aviv University and a co-author of the study with doctoral candidates Daniel Genkin, Eran Tromer and Mihir Pattani. Yet the team's study shows that's not the case. The researchers were able to collect the noise through either a built-in or nearby microphone or remotely over Google Hangouts, for example.


These ten cities are home to the biggest botnets

ZDNet

Hackers can use a botnet to attack you from anywhere in the world. According to new data from cybersecurity researchers at Symantec, Turkey plays host to the highest botnet population in EMEA, with its most populous urban centre of Istanbul and capital city Ankara containing the highest and second highest number of botnet controlled devices in the world. That pattern is also reflected in the ranking of cities with the highest bot population with Italian capital Rome in third, followed by the Hungarian cities of Budapest and Szeged in fourth and fifth, according to the research from Norton by Symantec. These parts of the world are an attractive target for hackers because they're markets and cities which have recently seen a huge increase in high-speed internet and connected devices but where security awareness may be lagging. By remotely controlling these infected devices, cybercriminals are able to carry out a number of illicit schemes including sending spam messages, perpetrating automated clicks to carry out click-fraud to make money from pay-per-click adverts, and launching Distributed Denial of Service (DDoS) attacks in order to overrun websites and take them down.


Louisiana Gov Travels to Israel to Talk Trade, Cybersecurity

U.S. News

The group will return Nov. 2 after spending days in Jerusalem and Tel Aviv. Going on the trip are Edwards' wife, economic development officials, business leaders and researchers in water management, logistics, higher education and cybersecurity.


City Union loses $2 million in cyberattack, retrieves half

@machinelearnbot

About $2 million was stolen from City Union Bank accounts last week after a cyberattack compromised the SWIFT messaging system with payment instructions being sent to other banks in multiple jurisdictions. The bank detected the transactions while reconciling accounts and about half the money has been retrieved, it said. The payments were later traced to Turkey, China and Dubai. Since our reconciliation system is very tight we could catch the attack in three attempts," said City Union Bank managing director N Kamakodi. "Within a span of one hour we could stop these attacks and we have so far recovered almost 50% amount that was taken from our accounts."