Latest

Privileged Access Management

CyberArk, BeyondTrust, Delinea Dominate Gartner MQ for PAM

Michael Novinson  •  September 25, 2023

CyberArk, BeyondTrust and Delinea maintained their spots atop Gartner's privileged access management Magic Quadrant, while One Identity, Wallix and Arcon fell from the leader ranks. Over the past half-decade, PAM has gone from being required for large companies to being an insurance prerequisite.

Cyber Insurance

CommonSpirit Details Financial Fallout of $160M Cyberattack

Marianne Kolbasuk McGee  •  September 25, 2023

Chicago-based CommonSpirit is still waiting to hear back on its insurance claim for an October 2022 ransomware attack, but the hospital chain said disruption of some facilities and "significantly" hampered billing and collection activities contributed to a $1.4 billion operating loss for the year.

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Open XDR

How to Overcome Practitioner Concerns Over Cisco-Splunk Deal

Michael Novinson  •  September 25, 2023

Security practitioners are skeptical of Cisco's proposed $28 billion Splunk purchase given the networking giant's track record around funding and investing in previous acquisition targets. Forrester's Allie Mellen expects some customers to try out other SIEM tools given Cisco's heritage in hardware.

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Breach Notification

How Will SEC Rules Affect Reporting, Tracking of Incidents?

Anna Delaney  •  September 25, 2023

Under new U.S. Securities and Exchange Commission rules, companies must disclose material cybersecurity incidents and annually report on cybersecurity risk management, strategy and governance. Alex Hamerstone, advisory solutions director at TrustedSec, discussed the challenges ahead.

Cloud Access Security Brokers (CASB)

Cato Networks Raises $238M on $3B Valuation to Move Upmarket

Michael Novinson  •  September 22, 2023

A late-stage SASE startup led by a serial entrepreneur hauled in a massive equity investment to address the feature and capability needs of large enterprises. The $238 million in funding will allow Cato Networks to more tightly align CASB and DLP with SASE to safeguard cloud apps and sensitive data.

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Leadership & Executive Communication

Google CISO Phil Venables on Building Strong CIO-CISO Bonds

Michael Novinson  •  September 22, 2023

Increased engagement from boards on digital transformation initiatives around cloud and AI adoption has spurred greater investment in cybersecurity, said Google Cloud CISO Phil Venables. Systems built and designed decades ago have become increasingly difficult to secure, he said.

Cyberwarfare / Nation-State Attacks

Chinese, North Korean Nation-State Groups Target Health Data

Marianne Kolbasuk McGee  •  September 22, 2023

Chinese and North Korean nation-state groups continue to pose significant "unique threats" to the U.S. healthcare and public health sector, including data exfiltration attacks involving espionage and intellectual property theft, federal authorities warned Thursday in a brief naming the top groups.

Cybercrime

Nation-State Actors Unleash Stealthy, LuaJIT-Based Malware

Jayant Chakravarti  •  September 22, 2023

SentinelOne observed suspected cyberespionage actors of unknown origin using modular backdoors and highly stealthy tactics in August to target telecommunication companies in the Middle East, Western Europe and South Asia. The group, tracked as Sandman, is using the novel backdoor LuaJIT.

Fraud Management & Cybercrime

Ohio Community College Data Theft Breach Affects Nearly 300K

Marianne Kolbasuk McGee  •  September 21, 2023

An Ohio community college is notifying 290,000 people of a data theft breach this spring that may have compromised their personal and health information. Security researchers say small schools such as this are now favored targets. Some 80% of schools have reported hacking incidents in the past year.

Open XDR

Cisco to Bring XDR, SIEM Together With $28B Splunk Purchase

Michael Novinson  •  September 21, 2023

Cisco's proposed $28 billion buy of Splunk allows businesses to move from threat detection and response to threat prediction and prevention by combining XDR and SIEM. The deal brings together Cisco's newly released XDR platform with Splunk's long-standing SIEM technology.

Open XDR

Forecasts of SIEM Death Premature - Just Ask Cisco, Splunk

Michael Novinson  •  September 21, 2023

It turns out SIEM isn't on life support after all. Cisco is providing 28 billion reasons to believe enterprises aren't scrapping the security operations center staple anytime soon, even though rivals with other types of security technology have attempted to write SIEM's obituary for years.

Network Detection & Response

WatchGuard Buys CyGlass to Bring NDR to Midmarket Customers

Michael Novinson  •  September 20, 2023

WatchGuard purchased a Massachusetts company to extend network detection and response capabilities traditionally reserved for high-end enterprises to the midmarket through MSPs. The deal gives WatchGuard clients more visibility into east-west network traffic and activity taking place on the cloud.