Content by Michael Novinson

Expel, CrowdStrike, Red Canary Dominate MDR Forrester Wave

Michael Novinson  •  May 26, 2023

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.

New Russian OT Malware Could Wreak Havoc on Electric Systems

Michael Novinson  •  May 25, 2023

A new strain of Russian operational technology malware could cause electric power disruption in Europe, the Middle East and Asia, Mandiant found. The malware wreaks havoc by interacting with devices such as remote terminal units that are used for electric transmission and distribution operations.

Why Cyber Seed Funding Has Blossomed in the Economic Drought

Michael Novinson  •  May 24, 2023

Seed funding for Israeli cybersecurity startups has blossomed despite the economic downturn, and both deal volume and size have strengthened in 2022 as compared to 2021. The indefinite closing of the initial public offering market in spring 2022 caused late-stage investment to fall off a cliff.

Profiles in Leadership: Michael D'Ambrosio

Michael Novinson  •  May 24, 2023

Organizations lack visibility into their network and assets to fully understand their threat and risk exposure, said Liberty Strategic Capital's Michael D'Ambrosio. The trend of accessing corporate networks from remote locations has made it tough for businesses to know what's on their network.

CyberArk CEO Touts New Browser That Secures Privileged Users

Michael Novinson  •  May 24, 2023

CyberArk's new Secure Browser prevents adversaries from harvesting the credentials of privileged users who are accessing sensitive web applications. CEO Matt Cohen said this solution will help thwart attackers who are hijacking sessions on consumer-grade browsers through the use of cookies.

How Failing to Address Physical Security Creates Cyber Risk

Michael Novinson  •  May 23, 2023

Cyber programs must go beyond the digital realm and address physical security challenges around buildings and data centers even though there isn't a tool to implement. Firms often adopt physical security measures such as a secure data center with cameras and locked doors only when it's required.

Avoiding Pitfalls in the Cyber Insurance Application Process

Michael Novinson  •  May 22, 2023

Cyber insurance applicants should provide detailed responses that clarify the nature of their business to avoid claim denials in the event of a security incident. Pasich LLP Senior Managing Associate Tae Andrews urged applicants to "interrogate the interrogator" to push back on vague questions.

LexisNexis, Experian, IBM, F5 Top Fraud Reduction Tech

Michael Novinson  •  May 19, 2023

New entrants LexisNexis Risk Solutions and F5 joined longtime leaders Experian and IBM atop KuppingerCole's Leadership Compass for fraud reduction intelligence platforms. Leading vendors help users detect bots and have capabilities spanning different sectors from finance to payments to e-commerce.

Data443 Buys Cyren Assets Out of Bankruptcy for Up to $3.5M

Michael Novinson  •  May 17, 2023

Data443 has bought Cyren's threat intelligence, URL categorization and email security technology out of bankruptcy for up to $3.5 million. Buying Cyren's anti-spam, virus outbreak detection, IP reputation, URL filtering and Threat InDepth data feeds will boost Data443's existing product portfolio.

Small Utilities, Hospitals Struggle With Newer Cyberthreats

Michael Novinson  •  May 16, 2023

Small electric utilities, wastewater facilities and hospitals struggle with defending their organizations against emerging cyberthreats given their meager resources, U.S. government officials said. Many utilities have failed to adopt cyber best practices despite the available tools and training.

IBM Buys Polar Security to Find and Protect Cloud, SaaS Data

Michael Novinson  •  May 16, 2023

IBM has bought a startup founded by a longtime security leader in the Israeli Prime Minister's Office to ensure personal identifiable information isn't left unprotected. The deal will ensure sensitive data isn't exposed in public cloud data stores or SaaS apps like Slack, SharePoint or Office 365.

Huntress Raises $60M to Bring Managed Protection to Identity

Michael Novinson  •  May 16, 2023

Huntress has completed a Series C round to expand beyond the endpoint protection market and bring managed security to identity and cloud. Hackers are increasingly going after employee accounts at SMBs and using the compromised identity to move into other systems via SSO, CEO Kyle Hanslovan said.

Crosspoint Capital to Purchase Absolute Software for $657M

Michael Novinson  •  May 12, 2023

Crosspoint Capital Partners has joined Thoma Bravo and others in the take-private cybersecurity spree, agreeing to buy endpoint security vendor Absolute Software for $657 million. The deal will allow Absolute Software to expand from asset visibility and control to endpoint resilience and access.

Why Datadog and Rubrik Are In Talks to Buy Laminar for $200M

Michael Novinson  •  May 11, 2023

The purchase of promising early-stage startup Laminar by a large tech vendor would match many M&A deals seen in 2023. The downturn has made it tough for small startups to raise additional funding at an increased valuation, while the push for profitability has left big firms open to only tuck-in M&A.

Akamai Lays Off Nearly 300 Staff to Hit Profitability Goals

Michael Novinson  •  May 11, 2023

Akamai will shrink its workforce by 3% as its shifts resources from its shrinking content delivery business to growth areas in cloud computing and security. The company will shrink its 9,960-person staff by 299 positions as it looks to sustain its profitability levels despite economic headwinds.