OneTrust has laid off 25% of its staff - or 950 workers - making it the third late-stage startup to significantly cut headcount in recent weeks. The Atlanta-based privacy and data governance vendor says the capital markets want to see a more balanced approach between growth and profitability.
Most publicly traded security vendors specialize in one technology category, but Palo Alto Networks has built out industry-leading practices around network security, cloud security and security operations. CEO Nikesh Arora discusses this unique path.
Forescout has agreed to purchase startup Cysiv to help OT and IoT customers analyze, detect and respond to threats using cloud-native data analytics. The proposed acquisition will make it easier for customers to mine and cross-reference data that's stored on Forescout's platform.
Devo has closed its Series F round and notched a $2 billion valuation to incorporate more capabilities into its SOC via acquisition. The company plans to use the $100 million to buy companies that will provide customers with additional intelligence on top of Devo's data for specific use cases.
In the latest weekly update, four ISMG editors discuss important cybersecurity issues, including the trending topics at this year's RSA Conference, how security researchers are tracking a zero-day vulnerability in Microsoft Office and what Broadcom's acquisition of VMware means for security.
Lookout has bought password management provider SaferPass to provide carriers distributing the company's consumer app with more capabilities in a single place. Lookout wants to take SaferPass's technology beyond its existing base of consumer and SMB customers and bring it to large enterprises.
Broadcom has agreed to buy cloud and virtualization giant VMware for $61 billion, bringing together the $1.6 billion Symantec and $1 billion VMware security teams. Broadcom will incorporate its existing security offerings into the VMware portfolio and bring them to market under the VMware brand.
Cybersecurity startup Lacework has announced layoffs - affecting 20% of its employees, according to one report - to strengthen its balance sheet, just six months after raising $1.3 billion. The company says it restructured its business in response to a large shift in the public and private markets.
In the latest update, four ISMG editors discuss the alarming, bizarre case of a cardiologist in Venezuela charged with developing malware and recruiting affiliates, recent ransomware and data leak incidents in healthcare and how the economy is causing mature cybersecurity startups to slow hiring.
Google will offer customers access to the same technology it uses to lock down developer workflows to ensure open-source dependencies are addressed. Assured Open Source Software will allow clients to ensure third-party software they're using is scanned, analyzed and fuzz-tested for vulnerabilities.
Material Security has closed a $100 million funding round on a $1.1 billion valuation to extend its protection of sensitive content at rest beyond email. The startup will take patents for defending content in old emails and apply them to SaaS applications such as Dropbox, Google Drive and Slack.
New CEO Bryan Ware plans to leverage LookingGlass' nascent attack surface management capabilities to capture clients in verticals such as pharmaceuticals, manufacturing and utilities. The company tapped former CISA leader Ware to serve as its next CEO following the acquisition of Next5.
Abnormal Security has closed a $210 million funding round on a $4 billion valuation to apply its account takeover prevention technology to areas other than email. The company wants to use its AI to protect accounts across systems and SaaS platforms and in environments such as Workday and Salesforce.
Microsoft plans to roll out new managed services that give organizations the expertise needed to proactively hunt for threats and extend XDR beyond the endpoint. Microsoft Security Experts features new managed services as well as existing services around incident response and modernization.
Apple, Google and Microsoft are joining forces to back a standard that will allow websites and apps to offers passwordless sign-ins across devices and platforms. The three OS and browsing giants have put their weight behind a common passwordless sign-in standard created by the FIDO Alliance.