Cybereason has abandoned its IPO plans altogether and hired JPMorgan Chase to find a buyer, The Information reported Friday. Why is Cybereason no longer poised to make it to the IPO Promised Land? An unfavorable competitive environment and a muddled go-to-market strategy provide some clues.
More Russian-speaking, ransomware-wielding attackers are gunning for Russian businesses and government agencies, researchers report. The unwritten rule of Russian cybercrime has historically been to never attack inside Russia or neighboring allies.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Security operations stalwart Arctic Wolf has taken on more than $400 million in debt to pursue acquisitions in the cloud, SIEM, endpoint and XDR markets. The money will fuel an upcoming launch in the Asia-Pacific region and expansion in markets such as South Africa, Benelux and the Nordics.
Qualys has purchased a startup founded by longtime Qualcomm leaders to help detect supply chain infections, crypto miners and unauthorized activity in the cloud. The deal will allow customers to detect active exploitation, identify advanced threats and create an adaptive risk mitigation program.
The steady barrage of acquisition reports around publicly traded digital experience vendor Akamai has intensified in recent weeks. The latest salvo landed Monday when StreetInsider reported that the intelligent edge platform provider held talks with a private equity firm about a potential takeover.
Identity protection, XDR, data analytics and cloud security have been SentinelOne's biggest investment areas, says CEO Tomer Weingarten. Cloud has become the fastest-growing part of SentinelOne's business, appealing even to customers who might have chosen a different vendor for endpoint security.
SentinelOne is taking on top rival CrowdStrike in the venture arena, unveiling a $100 million fund to support security and data startups of all sizes. S Ventures will give the company broader reach in adjacent markets and enable high-value integrations that can grow over time.
Financial services giant Morgan Stanley will pay a $35 million fine to settle U.S. Securities and Exchange Commission charges that it failed to comply with rules requiring it to safeguard customer data as well as ensure it is disposed of properly.
CrowdStrike has purchased external attack surface management startup Reposify to help organizations detect and eliminate risk from vulnerable and unknown assets. This deal will allow CrowdStrike to combine its insights on endpoints and IT environments with Reposify's internet-scanning capabilities.
Palo Alto Networks has been in a 19-month dry spell when it comes to major acquisitions, but it looks like that's about to change. Israeli business publication Calcalist reported Monday the firm is closing in on a deal to buy New York-based code risk platform provider Apiiro for around $600 million.
Existing security operations tools focus too much on detecting threats and creating alerts rather than stopping attacks before they happen, says Check Point CEO Gil Shwed, who claims the firm's new MPR and XPR tools will reduce the number of events security analysts handle by at least 90%.
With the increase in remote workers and proliferation of uncontrolled devices, your IT team has been migrating applications to the cloud along with building cloud-native applications to support the speed needed by the business.
As ransomware continues to pummel organizations left, right and center, two states have responded by banning certain types of ransom payments, and more look set to soon follow suit. But experts warn such bans could have "terrible consequences," leading to costlier and more complicated recovery.