Japanese telecommunications company SoftBank is investing $100 million in Cybereason, a Boston-based cybersecurity startup run by former Israel counterintelligence members, The Wall Street Journal reports. Cybereason’s products use machine learning and computer algorithms to identify cyberattacks before they gain traction. Cybereason Chief Executive and former Israeli Cyberintelligence Officer Lior Div said the startup’s algorithms were able to detect the WannaCry ransomware attack instantaneously, requiring no human intervention. “Today we’re the last line of defense, but I would argue we’re the only line of defense — because the first line of defense is not working,” Div said. Sources close to deal said the transaction values Cybereason at about $1 billion. (Registration may be required to access this story.)
If you want to comment on this post, you need to login.