Full-Time
Posted on 10/10/2024
Cybersecurity for threat intelligence protection
Expert
No H1B Sponsorship
Austin, TX, USA
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SpyCloud provides cybersecurity solutions focused on threat intelligence and identity protection for businesses. Its main product is the Cybercrime Analytics Platform, which utilizes data from the dark web to offer insights that help detect and prevent cyber threats like malware and ransomware. The platform enables continuous monitoring for compromised credentials and unauthorized access, allowing companies to proactively address potential security issues. What sets SpyCloud apart from competitors is its ability to de-anonymize threat actors and link them to their crimes, enhancing incident response efforts. The goal of SpyCloud is to help businesses strengthen their defenses against cybercrime and reduce the risk of data breaches.
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$197.9M
Headquarters
Austin, Texas
Founded
2016
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Meal Benefits
Flexible Work Hours
Remote Work Options
SpyCloud launches custom automation solution to scale identity protection workflows for enterprises.
SpyCloud, an Austin, TX-based cybersecurity firm whose solutions help organizations investigate and protect against cybercrime, received a $35m growth financing from CIBC Innovation Banking.
On Wednesday, SpyCloud announced that it received a Small Business Innovation Research Phase 1 contract to develop innovative identity intelligence solutions for the Department of the Air Force.
Cybercrime Initiative Launches: SpyCloud, a specialist in cybercrime analytics, has launched SpyCloud Labs, a cybercrime research effort focused on uncovering and analyzing the digital underground to proactively disrupt cybercrime.
Cyber startup SpyCloud has announced a successful funding round, raising $35m to further enhance its capabilities in account takeover prevention.
AUSTIN, Texas--(BUSINESS WIRE)--SpyCloud, the leader in Cybercrime Analytics, today released its 2024 SpyCloud Identity Exposure Report, an annual report examining the latest trends in cybercrime and their impact on individuals and organizations. SpyCloud researchers recaptured 43.7 billion distinct identity assets in 2023, including nearly four times more personally identifiable information (PII) assets than in 2022 — over 32 billion, compared to last year’s 8.6 billion.Taking a deeper look into how stolen data empowers bad actors to perpetrate cybercrimes including account takeover, fraud, and ransomware, SpyCloud researchers analyzed the exposures of the average digital identity being traded in the criminal underground and found that the average identity appears in as many as nine breaches and is associated with 15 breach records.The rise in identity-based attacks can be attributed to a rapid increase in malware. SpyCloud found that 61% of data breaches in 2023, involving over 343 million stolen credentials, were infostealer malware-related. Of these compromised identity records, one in four contained information about the user's network or physical location, putting the individual's identity, platforms they have access to, and physical well-being at risk.Researchers also found that the average identity had a 1 in 5 chance of already being the victim of an infostealer infection. Infostealer malware enables criminals to collect vast amounts of information about the user and the device, including a user’s session cookies, API keys and webhooks, crypto wallet addresses, and more. This stolen authentication data enables cybercriminals to bypass protections including MFA and even passkeys to hijack their victim's identity and take over digital sessions."Cheap and easy-to-use infostealers combined with the ubiquity of stolen data online can make cyber defense seem like an impossible task," said Trevor Hilligoss, VP of SpyCloud Labs, SpyCloud’s research team responsible for recapturing data and analyzing patterns from the criminal underground
Pentera collaborates with SpyCloud to reduce dwell time of compromised credentials.
SpyCloud, the leader in Cybercrime Analytics, today released its 2024 SpyCloud Identity Exposure Report, an annual report examining the latest trends in cybercrime and their impact on individuals and organizations.
The latest venture deals and acquisitions in cybersecurity include SpyCloud raising $35 million in a growth funding round led by CIBC Innovation Banking. SevenAI secured $36 million led by Greylock Partners. Nexus closed a $25 million Series A round led by Lightspeed Venture Partners and Pantera Capital. OnSecurity received £5.5 million in strategic growth investment. AirMDR secured $5 million in seed funding led by Foundation Capital. Cyberhaven raised $88 million in a Series C round. YesWeHack secured €26 million in Series C funding from Wendel.
SpyCloud launched SpyCloud Labs to disrupt cybercrime with research.