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xorlab Partners with Swisscom to Bring Context-Intelligent Email Security to Enterprise Customers
We are thrilled to announce that xorlab has entered into a strategic partnership with Swisscom, Switzerland’s leading telecommunications company. The partnership will bring xorlab’s context-intelligent email security technology to Swisscom’s enterprise customers, protecting them against modern communication-based threats such as ransomware and targeted phishing attacks. Due to its prominence and use in business operations, email continues to be the primary threat vector for cybercriminals. According to figures published by IBM in the Cost of a Data Breach Report 2022, phishing was the costliest attack vector, averaging USD 4.91 million in breach costs, and that number is only growing as attackers are becoming more effective. With these costly threats reaching employee inboxes, organizations are…
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xorlab raises CHF 6.1 million Series A to build the next generation of enterprise communication defense
As a valued customer, partner or friend of xorlab, we would like to share the great news with you first, that we successfully closed our Series A round! We’re excited, proud and full of ambitious plans on how we’re going to keep developing ActiveGuard and expand to new markets. We would like to take the opportunity to thank you for loyalty and support and hope that you will come with us on our exciting journey to secure corporate communication channels! You will find below our press release, which will be distributed to the press in the coming days. Swiss-based cyber defense company xorlab has closed CHF 6.1 million in Series…
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xorlab news: xorlab becomes Global CyberTech100 company
CyberTech is one of the fastest growing sectors within the FinTech industry, with FinTech Global data showing investment in the space has grown 14x since 2014 to reach $3.4bn last year. That surge in activity comes as financial services firms are increasingly moving towards digital operations and expanding their security budgets. According to a study by Gov.uk, finance and insurance firms increased their spending on cybersecurity by 23% YoY in 2019. Given the huge rise in appetite for the sector, the CyberTech100 was produced to identify the 100 innovative companies that every financial institution needs to know about when they consider and develop their information security and financial crime fighting…
