In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
A lack of visibility makes it nearly impossible to protect an organization against attack. If you can't see what's lurking in the dark corners of your environment, all you can do is react instead of actively identifying and mitigating risks. But some technologies can help with threat visibility.
Cybercrime experts have long urged victims to never pay a ransom in return for any promise an attacker makes to delete stolen data. That's because, as a recent case highlights, whatever extortionists might promise, stolen personal data is lucrative, and it often gets sold six ways from Sunday.
AT&T wants to unload its cyber assets just five years after doubling down on security through its $600 million purchase of threat intelligence vendor AlienVault. The Dallas-based carrier has been working with British banking firm Barclays to solicit bids for its cybersecurity business, Reuters said.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
Managed detection and response titan Deepwatch has received a $180 million investment to strengthen its threat analytics, user interface and security scoring for clients. The money from Splunk, Springcoast and Vista will allow Deepwatch to invest in R&D, platform innovation and threat intelligence.
Adopting hybrid or public clouds remains IT’s go-to means of achieving scale. While this transformation has improved price performance and advanced tech-driven business capabilities, including faster and deeper data insights, it hasn’t always engendered greater customer trust.
Secureworks has axed roughly 210 employees, and CFO Paul Parrish and Chief Threat Intelligence Officer Barry Hensley are leaving their posts. Secureworks revealed plan to reduce its 2,351-person staff by approximately 9% to help balance continued growth with improved operating margins.
Companies can be blinded by their inside-out view and often benefit from another set of eyes that see their business the same way an attacker would, says IBM's Mary O'Brien. IBM's acquisition of attack surface management firm Randori gives clients another view of areas that need to be remediated.
Criminals lately have been prioritizing two types of attacks: exploiting Remote Desktop Protocol and penetrating cloud databases. So warns cyber insurer Coalition, based on analyzing in-the-wild attacks seen in 2022 via underwriting and claims data, scans of IP addresses and honeypots.
Security director Ian Keller, rants about the insider threat and the massive role leadership plays in changing people's behavior so they don't become one. As Keller says, "The way you treat people is directly reflected in how they treat you and your business."
Incumbent XDR platforms target large enterprises with access to a full security operations center, threat hunters and incident response teams, says Bitdefender CEO Florin Talpes. But firms looking to successfully serve the SMB market need to modify their XDR tools to address the skills shortage.
Trellix will debut a console that offers endpoint, security operations and data protection capabilities and a plug-in for network detection and response. The company has moved FireEye's best-in-class detection engines to the cloud for NDR and examined how to address areas such as packet capture.
What's not to love about an international law enforcement operation visiting disruption on Hive, the ransomware-wielding crime syndicate? But with no suspects in jail, it's unclear how long this takedown might stick before the bad guys reboot or rebrand.
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