{"id":14577,"date":"2024-03-11T15:28:12","date_gmt":"2024-03-11T15:28:12","guid":{"rendered":"http:\/\/TheNextWeb=1404706"},"modified":"2024-03-11T15:28:12","modified_gmt":"2024-03-11T15:28:12","slug":"dutch-cybersecurity-startup-bags-e36m-amid-spike-in-online-attacks","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=14577","title":{"rendered":"Dutch cybersecurity startup bags \u20ac36M amid spike in online attacks"},"content":{"rendered":"\n<p><span>Dutch startup Eye Security has raised \u20ac36mn as it looks to defend European businesses from <a href=\"https:\/\/thenextweb.com\/topic\/cybersecurity\" target=\"_blank\" rel=\"noopener\">cyber criminals<\/a>.&nbsp;<\/span><\/p>\n<p><span>Founded in 2020 by a group of Dutch intelligence and security experts, the Hague-based outfit provides <\/span><span>cyber protection, incident response, and cyber insurance services to small-to-medium sized companies.&nbsp;<\/span><\/p>\n<p><span>The funding round, which brings Eye Security\u2019s total amount raised so far to <\/span><span>\u20ac<\/span><span>57.5mn, was led by JPMorgan, the private investment arm of American financial giant JPMorgan Chase.<\/span><\/p>\n<p><span>Eye Security plans to use the cash to consolidate its presence in <\/span><span>the Netherlands, Germany, and Belgium. It also aims to expand into other European nations.<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1404708 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team.png\" alt=\"Eye Security\u2019s founders\" width=\"1400\" height=\"934\" sizes=\"(max-width: 1400px) 100vw, 1400px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team.png 1400w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-280x187.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-202x135.png 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-405x270.png 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-796x531.png 796w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/dutch-cybersecurity-startup-eye-36m#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fdata-security%2F2024%2F03%2F11%2Fdutch-cybersecurity-startup-eye-36m%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Eye Security\u2019s founders: Piet Kerkhofs (left), Job Kuijpers (centre) and Vincent van de Ven. Credit: Eye Security\" data-title=\"Share Eye Security\u2019s founders: Piet Kerkhofs (left), Job Kuijpers (centre) and Vincent van de Ven. Credit: Eye Security on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Eye Security\u2019s founders: Piet Kerkhofs (left), Job Kuijpers (centre) and Vincent van de Ven. Credit: Eye Security on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Eye Security\u2019s founders: Piet Kerkhofs (left), Job Kuijpers (centre) and Vincent van de Ven. Credit: Eye Security<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1404708\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team.png\" alt=\"Eye Security\u2019s founders\" width=\"1400\" height=\"934\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team.png 1400w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-280x187.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-202x135.png 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-405x270.png 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/03\/eye-security-cybrsecurity-startup-team-796x531.png 796w\"><\/noscript><\/figure>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\" readability=\"8.5\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"><\/noscript><\/p>\n<div class=\"channel-cta-input\" readability=\"12\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span>Key to its strategy is focusing on protecting smaller firms, which, it says, represent <\/span><span>around 50% of all cybersecurity attacks but are the most vulnerable to their effects. Most don\u2019t have the budget for an in-house cybersecurity team.&nbsp;<\/span><\/p>\n<p><span>\u201cWe\u2019ve developed a scalable platform that not only strengthens a business\u2019s defences against cyber threats but also quickly delivers insurance coverage,\u201d said Job Kuijpers, the startup\u2019s CEO, who was previously the director of the National Communications Security Agency for the Dutch intelligence service.&nbsp;&nbsp;<\/span><\/p>\n<h2><b>Cybercrime scourge<\/b><\/h2>\n<p><span>Ransomware attacks (where cybercriminals hold someone\u2019s data hostage until the victim pays for it back) saw a significant increase last year, according to <\/span><a href=\"https:\/\/www.digitalsme.eu\/57-surge-of-cyberattacks-in-europe-flagged-by-digital-sme-report\/\" target=\"_blank\" rel=\"nofollow noopener\"><span>data<\/span><\/a><span> from the European Digital SME Alliance. For instance, <\/span><span>last May saw 575 attacks in Europe, more than double the 223 recorded a year earlier.<\/span><\/p>\n<p><span>The most prolific of these attackers was LockBit, an infamous Russian ransomware gang that was <\/span><a href=\"https:\/\/thenextweb.com\/news\/cybercrime-group-catches-ransomware-group-lockbit\" target=\"_blank\" rel=\"noopener\"><span>disrupted<\/span><\/a><span> last month. <\/span><span>Around 60% of small companies that are hacked by groups like these go out of business within six months, said Eye Security.&nbsp;<\/span><\/p>\n<p><span>Spikes in cybercrime have pushed EU regulators to take action. <\/span><span>Europe\u2019s Network and Information Security Directive (NISD) was updated last year, including more stringent reporting requirements for companies. From October 17, 2024, businesses who don\u2019t report a <a href=\"https:\/\/thenextweb.com\/topic\/hacker\" target=\"_blank\" rel=\"noopener\">hack<\/a> risk a fine of up to \u20ac10mn or 2% of their annual revenue.&nbsp;<\/span><\/p>\n<p><span>The rule changes are leaving businesses scrambling to get their affairs in order. This, naturally, is good news for Eye Security.&nbsp;<\/span><\/p>\n<p><span>\u201cWe felt very strongly that companies deserved better. We also realised that there are not enough security specialists to help every company in Europe. We needed a radically different approach,\u201d the company said on LinkedIn on Monday.<\/span><\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/dutch-cybersecurity-startup-eye-36m\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dutch startup Eye Security has raised \u20ac36mn as it looks to defend European businesses from cyber criminals.&nbsp; Founded in 2020 by a group of Dutch intelligence and security experts, the Hague-based outfit&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/14577"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14577"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/14577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/14578"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}