Israeli web security firm secures $10.5 million in funding>
The Jerusalem Post – Zachary Keyser
The company has tripled its sales in the past year, luring a number of big-name investors into their cadre – including JVP, Capital One Ventures, Allegis Cyber, Global Brain and NightDragon. Source Defense, an industry leader in client-based web security, raised $10.5 million in Series A+ funding, which it will use to accelerate growth and enhance its patented VICE Client-side Web Security Platform to align with growing market demand, the company announced on Tuesday.

The company’s patented technology provides clients with the ability to prevent malicious activity originating in website supply-chain vendors from reaching their servers, parrying third-party attacks using an automated system that tethers machine learning and industry best practices into their software, to control access and permissions to the various components operating on a website.

The patented VICE platform protects webpages by sifting out vulnerabilities originating from third-party scripts, such as openings that allow Magecart and formjacking cyberattacks, which target consumer information and payment methods. Over the past year, formjacking and Magecart attacks have been on the rise, according to Dave DeWalt, managing director at NightDragon Security.
Link: https://www.jpost.com/israel-news/israeli-web-security-firm-secures-105-million-in-funding-628554