British cybersecurity company Darktrace acquires Cybersprint

Darktrace, a British cybersecurity company, has bought Dutch company Cybersprint in a deal valuing the latter company at 47.5 million euros ($53.7 million), UKTN reported on Wednesday (February 23rd).

Darktrace has announced plans to integrate Cybersprint’s attack surface management tools into its own detection and response products.

The report states that Cybersprint’s ethical hacking and real-time internet data insights will be used to expand Darktrace’s existing detection and response products, saying it will accelerate its entry into the cyber security proactive market. artificial intelligence (AI).

The deal will likely close on March 1.

Darktrace will also remove a second European R&D center from the deal. This will be used to support its UK software engineers.

Pieter Jansen, CEO of Cybersprint, said: “We believe that attackers never sleep and operate without reach. When we struck up conversations with Darktrace, we felt an instant connection about vision, culture, and technology. »

Meanwhile, Darktrace CEO Poppy Gustafsson said it was crucial to bring “inside-out and outside-in visibility” and that access to more real-time external data as well as Darktrace’s own AI capabilities mean customers get a holistic view of prioritized cyber risks to strengthen the parts of their organization that are most vulnerable.

Read more: Microsoft, Darktrace partner for cybersecurity in the cloud

Last year, Darktrace partnered with Microsoft on a project to deliver cloud-based AI defense to help protect personal information and intellectual property, PYMNTS wrote.

The companies said in a joint press release that the combined security system will provide self-learning AI that autonomously detects and responds to cyber threats, spanning multiple environments and products.

The partnership came at a time of heightened need for security, with more cyberattacks occurring in the wake of the pandemic.

Clare Barclay, CEO of Microsoft UK, said AI protection was an important need as attacks became more sophisticated.

An example of this was with Antigena Email, which uses Darktrace’s self-response technology and will allow users to send and view threat alerts and investigation reports.

——————————

NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

Comments are closed.