Cybersecurity

Cyber security startup Callsign raises $35 million

Founded in 2012 Callsign has developed technology that analyzes hundreds of data points to determine whether users are actually who they say they are when logging into websites and applications.

By assessing information such as where the user is connecting from, and how much pressure is applied when swiping on a mobile device, the company says it helps reduces the risk of criminals gaining access with stolen credentials.

The investment comes as companies around the world seek to protect themselves from the rising cyber security threat. Data breaches are expected to cost businesses $2.1 trillion globally by 2019, almost four times the cost of breaches in 2015, according to estimates from Juniper Research.