Hacking, viruses,?megabreaches?and other cybercriminal activity are on the increase, and cybersecurity specialists Bit9, which works with 30 of the Fortune 100 companies, has today announced a significant round of funding, $34.5 million, to help fight it. The Series D investment, the biggest yet for Bit9, was led by new investor Sequoia Capital, with participation from existing investors?Atlas Venture, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures. The growth of cybercrime has massively increased the need for companies to protect their data, and that is giving rise to a number of new approaches for how to do that most effectively. Bit9's approach?plays on a new trend among cybersecurity companies: traditional protection is based around the concept of a blacklist of forbidden sites, but Patrick Morley, the CEO of Bit9, explains that his company turns this on its head to focus not on what shouldn't be allowed in, but only on what should -- the so-called "whitelist" approach to the problem.Source: http://feedproxy.google.com/~r/Techcrunch/~3/9b5PIPlMAE0/
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