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.
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.
Open Systems has split its MDR and SASE businesses into separate divisions with unique executive teams to help each optimize its engineering stack and selling motion. The 300-person MDR division will be known as Ontinue and led by Geoff Haydon, who had served as Open Systems CEO since February 2021.
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.
Detecting and responding to cyberthreats is challenging for any organization, but even more so for small security teams. MDR services make threat monitoring and response attainable for any team. Adding a third-party MDR service might be the right choice for your organization.
The Italian cybersecurity agency says at least a dozen hacks against unpatched VMware ESXi servers in the country are likely tied to the BlackBasta ransomware group. Investigators say the ransomware campaign may have hit thousands of organizations worldwide since Thursday.
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."
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.
With breaches on the rise and the average cost of a healthcare breach reaching a staggering $10.1 million in 2022, third-party risk management is a growing concern in the healthcare industry. Venminder CEO James Hyde offers tips on reducing risk exposure from vendor relationships.
As artificial intelligence, or AI, grows in popularity for simplifying workflows and diagnosing patients, healthcare leaders need to understand that AI use is also increasing among cyberattackers and take action to prevent its use for malicious purposes.
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