Secureworks has executed its second round of layoffs since February, axing 15% of its workforce as the company pursues high-growth products and improved operating margins. The company will reduce its 2,149-person staff by roughly 322 positions as it seeks break-even adjusted EBITDA by January 2024.
Rapid7 will lay off close to 1 in 5 of its employees in cuts that amount to the second-largest round of layoffs of any pure-play cybersecurity company since worries about an economic downturn began percolating in spring 2022. The vendor will reduce its 2,623-person staff by 18%.
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To outsource a non-core competence...or to risk control, understanding cost implications, and/or ability to evaluate functionality in competing offerings? That's the question...right?
This report has been a collaboration between ISMG and Optiv since the beginning of 2023 when ISMG surveyed 426 senior cybersecurity...
Expel has axed 60 workers just eight months after hauling in $31 million to provide the managed detection and response vendor with a financial cushion. The company will reduce its 600-person staff by 10% - or 60 people - in response to "many shifts in the market," the co-founders wrote in a blog.
Bain Capital led a $190 million investment into a managed detection and response provider founded by a former National Security Agency computer operations expert. The money will support development of Blackpoint's security technology and enable its MSP partners to combat a changing threat landscape.
To outsource a non-core competence...or to risk control, understanding cost implications, and/or ability to evaluate functionality in competing offerings? That's the question...right?
Earlier this year, ISMG surveyed 426 senior cybersecurity professionals to get a deeper insight into the sector’s awareness, usage,...
Expel, CrowdStrike and Red Canary held steady atop Forrester's MDR rankings, while Secureworks and Binary Defense tumbled from the leaders category. Providers have turned their attention from maximizing their efficacy at detecting ransomware to finding faster and better ways to respond to attacks.
Small and midsize businesses need proactive measures to ensure security just as much as any large organization. But challenges abound for SMBs as they struggle with a smaller staff and budget constraints, making them more vulnerable to cyberattacks, said SonicWall President and CEO Bob VanKirk.
As threats continue to increase in frequency and sophistication, managed detection and response or MDR is becoming an increasingly important component of any organization's cybersecurity strategy and can help organizations overcome a major challenge facing security teams - the skills shortage.
Cyberthreats are becoming more sophisticated and aggressive, but not every organization has the resources to tackle these threats. You don’t have to fight alone.
Managed detection and response (MDR) services have become integral to modern security strategies. They help improve onsite resources and security...
Rapid7 has purchased a ransomware prevention vendor founded by a former Israel Defense Forces captain to strengthen its managed detection and response muscle. The Minerva Labs purchase will allow Rapid7 to deliver advanced ransomware prevention across cloud resources and traditional infrastructure.
77% of organizations say MDR providers improved overall security according to ESG’s Report “What Security Teams Want from MDR Providers”. Many security leaders are using MDR services so they can respond to threats 24/7, gain assurance that sophisticated adversaries have not obtained access to their systems and...
CrowdStrike hopes to capture more small and midsized organizations through a new product bundle, revamped e-commerce portal and renewed partnership with Dell. CEO George Kurtz says becoming the exclusive endpoint security partner of PC giant Dell will help CrowdStrike reach small businesses.
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