TechCrunch Startup News Riot raises $30 million for its cybersecurity product suite focused on employees
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Feb 4, 2025 Riot has successfully raised $30 million to advance its innovative approach to employee cybersecurity. After achieving $10 million in annual revenue, they aim to shift from mere education to actively nudging employees towards better security practices. This new funding will help develop a comprehensive platform designed to minimize potential vulnerabilities in the workplace, making cybersecurity a shared responsibility among all employees.
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Riot's Funding and New Direction
- Riot, a French startup, raised $30 million in Series B funding after reaching $10 million in annual revenue.
- Initially focused on cybersecurity education, they now aim to actively improve employee security posture.
Employee Cybersecurity Training
- Use fake phishing campaigns to educate employees about suspicious emails.
- Offer educational content and a security chatbot like Albert on platforms like Slack and Microsoft Teams.
Change Healthcare Data Breach
- The Change Healthcare data breach affected 190 million Americans due to compromised credentials.
- An employee reused a personal account password on the company's Citrix portal, lacking multi-factor authentication.