ZeroFox, a Baltimore based Cybersecurity firm, has made it official that it has purchased web threat intelligence firm for an undisclosed amount. James C Foster, the CEO of the ZeroFox, has confirmed the news through twitter and stated that a meaningful amount was paid to Cyveillance to provide value to both firms and customers.
Mr. Foster added in his twitter post that all the 400 staff members of the Virginia will work on the payrolls of the South Baltimore Company and nearly 100 more will be added by next year.
ZeroFox tracks down cyber threats existing outside a company network such as while using social media or other digital platforms like video conference apps. The security firm also offers a secure mode of communication for business firms using Zoom video conference applications- a communication medium that has grown immensely during the corona virus pandemic as the trend of remote working and learning grew enormously during the time. Also, the company intends to offer a subscription based services to companies to help them track down, analyze and keep a tab on cyber threats that are lurking online like malware attacks, phishing attacks, scams, frauds and information leaks.
“With the combination of Cyveillance data, human knowledge and machine learning expertise, ZeroFox is said to offer to its customers a turnkey security solution that helps in combating cyber threats in an efficient way”, said Gilman Louie, the cofounder of LookingGlass Cyber Solutions that gained Cyveillance in 2015.