Payment regulations in Europe have forced retailers to implement strong authentication that's phishing-resistant and facilitates more customer understanding, says FIDO Alliance's Christina Hulka. This has spurred a push for clients to confirm what they're purchasing and how much they wish to spend.
In the latest weekly update, four ISMG editors discuss why it pays off to have well-practiced incident response plans, whether Chat GPT is a blessing or a curse for penetration testers and bug bounty hunters, and how Microsoft has reason to be cheerful as security sales hit $20 billion.
OneSpan plans to purchase an Australian startup founded by a longtime Quest Software executive to securely store and vault documents based on blockchain technology. Melbourne, Victoria-based ProvenDB uses blockchain to deliver security that prevents data tampering and document alteration.
ISACA's recently published Privacy in Practice 2023 survey report shares new research related to the privacy workforce, privacy skills, privacy by design and the future of privacy. Expert Safia Kazi shares ways organizations can align privacy goals with business objectives.
Valuations are down, some companies have left the market altogether, and some even have announced deep rounds of layoffs. Yet, Alberto Yépez of Forgepoint Capital retains optimism for the cybersecurity marketplace in 2023 and says now is the ideal time to be ramping up investments in innovation.
Privileged access management vendor Delinea has hired longtime RSA sales leader David Castignola to expand beyond North America as well as in nonregulated industries. Delinea hopes to increase sales beyond verticals such as financial services, banking, healthcare, insurance and the public sector.
Data breaches in 2022 hit near-record levels as U.S. organizations issued 1,802 data breach notifications and more than 400 million individuals were affected. But only 34% of breach notifications included actionable information for consumers whose information was exposed.
Microsoft blamed an internal network configuration change for outages that disrupted access to Microsoft 365 services, including Microsoft Teams and Outlook, for users around the world. The change has been rolled back and additional infrastructure added to speed restoration, it says.
A North Korean hacking group tracked by cybersecurity firm Proofpoint as TA444 in December unleashed a torrent of spam in a bid to harvest credentials - evidence of a hacking group that mirrors "startup culture in its devotion to the dollar and to the grind."
The world's largest cybersecurity vendor continues to pull away from the competition. Microsoft's security sales surpassed $20 billion in 2022 after 33% annual growth. The cloud computing and software giant continues to reap the rewards of security tool consolidation.
Serial entrepreneur Arvind Parthasarathi has started the company Cygnvs, which streamlines and secures communication between internal and external stakeholders after a cyberattack. Cygnvs emerged from stealth with 90 employees, 1,000 customers, $55 million of funding and a generally available tool.
Thoma Bravo, Vista Equity Partners and rival Francisco Partners have set their sights on a new target: Sumo Logic. Each of the three private equity firms has approached the Silicon Valley-based data analytics software vendor expressing interest in a possible acquisition, The Information reports.
Cybersecurity researchers say a Chinese for-profit threat group tracked as 8220 Gang is targeting cloud providers and poorly secured applications with a custom-built crypto miner and IRC bot. The malware can slow system performance, drive up costs and expose systems to security risks.
Security appliances are targets for sophisticated threat actors who take advantage of devices' limited configuration and logging features, as well as their incompatibility with endpoint detection and response. Suspected Chinese hackers took advantage of a Fortinet zero-day to implant a backdoor.
eSentire has used the $325 million it received in February to leverage data from its Atlas XDR platform and strengthen customers' positions around cyber resiliency. The Kitchener, Canada-based company has shifted its focus from alerts and data to business worries and business risk.
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