Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Zero Networks Raises $20 Million for Cybersecurity

Zero Networks

Zero Networks Team (PR pic)

Zero Networks, an Israeli cybersecurity startup, raised $20.3 million in Series A financing led by Venrock along with F2 Venture Capital, PICO Venture Partners as well as various angel investors. To date, the company has raised $25 million.

Founded in 2019 by security veteran Benny Lakunishok, Zero Networks says that it makes segmentation “the easiest thing” enterprises do in cyber security. Segmentation separates the various parts of a system to protect the individual parts from an attack. A hacker may break into one segment, but then the others have time to close themselves off.

Zero Networks specializes in fighting ransomware. This is the type of malware hackers use to take control of a victim’s systems. They either use spyware to “spy” on the victim to steal secrets and so forth, or to blackmail the user with the threat of releasing the information. Hackers also use it to lock out organizations from their own systems, demanding a ransom in exchange for returning control over to them.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Zero Networks explains that Ransomware continues to plague business. In 2021, 37 percent of all businesses and organizations were hit by ransomware. Worse, recovering from a ransomware attack cost businesses $1.85 million on average in 2021, the company says.


“Solutions today fail to protect enterprises from lateral movement and ransomware because they are expensive and cumbersome to deploy,” said Benny Lakunishok, Founder and CEO of Zero Networks. “Zero Networks’ MFA-based approach simplifies one of the hardest problems in cyber security regardless of company size. In the past, vendors took the old school approach requiring manually specifying IP permissions—an unscalable approach. Consequently, the problem of lateral movement remained unsolved, giving attackers the upper hand and giving birth to today’s massive ransomware industry.”

Zero Networks offers a patented “first of its kind” approach to make segmentation. The company promises that with its help enterprises can stop “almost any type of attack from spreading in any network by enabling MFA for every asset and device.” Zero Networks automatically takes every asset and restricts network access to exactly what is needed–applying protection for client, server, home, office, on-premises or in the cloud.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.