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January 31, 2018

ABN Amro venture fund acquires interest in cybersecurity firm BehavioSec

Dutch bank ABN Amro has revealed that its Digital Impact Fund (DIF) has acquired a certain interest in American cybersecurity firm BehavioSec.

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ABN Amro was joined by Trident Capital Cybersecurity, Cisco Investments, Octopus Ventures and Conor Venture Partners in the funding round, which helped BehavioSec raise $17.5m in series B funding.

BehavioSec creates digital fingerprints of specific users by combining unique attributes such as keystroke cadence or finger pressure while they work across mobile devices, traditional computers or web browsers. The digital fingerprint provides a clear picture of a user’s identity.

ABN Amro said that the bank will explore use of BehavioSec’s technology for the benefit of its clients by offering an additional passive layer of security controls.

BehavioSec intends to use the proceeds to expand its global operations.

BehavioSec is considering rolling out new solutions such as enterprise authentication solutions, integrated decision intelligence for partner offerings with Gemalto, Vasco, Crossmatch, Nuance and others in early 2018.

ABN AMRO’s Digital Impact Fund is the bank’s corporate venture capital fund worth €10m, which currently owns stakes in Tink (Sweden) and Cloud Lending Solutions.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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