cybersecurity

cybersecurity

It seems like every week there's some new high profile data breach. Credit card numbers, addresses, nude photos, Democratic National Committee emails—you name it, hackers have stolen it.

Amit Saha, the CEO of Saviynt Inc, the El Segundo-based security vendor, said the problem has only gotten worse during the pandemic, with so many people working from home and using their personal computers to access corporate networks.

For Saha and his company's 750 employees, that's created a lot of work—and an opportunity. Saviynt announced Monday that they've secured $130 million in capital financing from HPS Investment Partners and PNC Bank to expand their cybersecurity SaaS technology. It's a big bet that the pandemic-fueled demand can help them build a more global company.

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Since the pandemic hit the U.S. hard in March, there has been a 6,000% increase in spam campaigns, with a particular focus around the keywords "COVID-19" and "coronavirus."

That's according to Wendi Whitmore, the vice president for IBM's X-Force Threat Intelligence, who spoke to dot.LA as part of a virtual panel on Tuesday.

It's been two months now — depending where you live — of working from home. As many businesses now contend with the reality of having their workforce at home for the foreseeable future, or even for the rest of their working lives (see: Twitter), cybersecurity has become a larger challenge, experts told dot.LA Tuesday.

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