Israeli cybersecurity firms raised record $814.5 million in 2017

In 2017 international investors participated in more funding deals of Israeli cybersecurity firms than did Israeli investors. This is “further proof of the growing recognition of Israel as a global leader in cybersecurity,” the report said. At the same time, there was slightly less activity of Israel-based investors, including angels.

Silicon Valley cybersecurity firm acquires Pittsburgh's Wombat for $225M

Wombat Security emerged in June 2008 as a spinoff of Carnegie Mellon University. Three faculty members at the School of Computer Science created the startup to address the human element of phishing, ultimately building training solutions for cybersecurity.

“Because threat actors target employees as the weakest link, companies need to continuously train employees and arm them with real-time threat data,”
Gary Steele, Proofpoint CEO, said in a release.

Munich Security Conference: Cybersecurity takes centre stage

Cyber dangers were at the forefront of policymakers' minds as they attended this year's Munich Security Conference.

News that broke on the eve of the conference, which wrapped up on Sunday, set the tone. US and British officials revealed Russia was behind the NotPetya ransomware attack, with the FBI later indicting 13 Russians and identifying three Russian companies accused of meddling in the 2016 US election.

Cybersecurity Firms Qualys, Mimecast Report Earnings That Top Views

Qualys said that adjusted fourth-quarter earnings were 32 cents a share, up 39% from a year ago, with revenue rising nearly 19% to $62.9 million. A year earlier, Qualys earned 23 cents a share on sales of $52 million. Analysts expected Qualys to report earnings of 28 cents on sales of $62 million for the period ended Dec. 31.