Content by Michael Novinson

Cyderes' New CEO Eyes Identity-Cybersecurity Convergence

Michael Novinson  •  November 8, 2024

Chris Schueler, new CEO of Cyderes, highlights the importance of identity in cybersecurity, noting how identity management can reduce risk and strengthen response to advanced threats. Cyderes is developing real-time, AI-driven identity security capabilities to proactively thwart cyberattacks.

CrowdStrike Bolsters SaaS Security With Adaptive Shield Buy

Michael Novinson  •  November 6, 2024

CrowdStrike has agreed to acquire SaaS security leader Adaptive Shield to deliver identity-based protection across cloud and hybrid environments. The acquisition offers clients comprehensive SaaS security posture management, bridging on-premises and cloud identity defenses to thwart modern threats.

New Bolster CEO Discusses AI-Driven Fraud and Data Security

Michael Novinson  •  November 5, 2024

New Bolster CEO Rod Schultz shares his priorities in combating AI-based fraud, underscoring the potential of internal data security solutions. Schultz sees Bolster’s established brand protection tools as a foundation for addressing broader enterprise data security needs and better engaging CISOs.

SEC Moves to Get Foreign Testimony in SolarWinds Fraud Case

Michael Novinson  •  November 4, 2024

In its fraud case against SolarWinds, the SEC is pursuing testimony from former SolarWinds engineer Robert Krajcir - who lives in the Czech Republic - to address claims of lax cybersecurity practices. SolarWinds - which is also representing Krajcir - has until Friday to respond to the SEC's motion.

Everfox Deepens Cyber Case Management Expertise with Yakabod

Michael Novinson  •  November 1, 2024

With its acquisition of Yakabod, Everfox expands capabilities in insider risk and cyber incident management. The move promises stronger integration and greater control over security workflows, benefiting public sector and critical infrastructure clients who operate in highly regulated environments.

MSP Efficiency Set to Surge With SaaS Alerts Joining Kaseya

Michael Novinson  •  November 1, 2024

Kaseya’s SaaS Alerts acquisition promises a streamlined experience for MSPs by enhancing integrations with existing products. According to CEO Jim Lippie, SaaS Alerts' current and future users can expect more seamless, automated solutions with a 20% developer expansion dedicated to MSP security.

Zenity Gets $38M Series B for Agentic AI Security Expansion

Michael Novinson  •  October 31, 2024

Zenity has closed a $38 million Series B round to advance its agentic AI security platform and extend its no-code and low-code application support. With investment from Third Point Ventures and DTCP, the funding enables Zenity to cater to clients in sectors like financial services and healthcare.

Detectify Eyes AppSec Expansion After Insight Partners Buy

Michael Novinson  •  October 31, 2024

With Insight Partners as majority owner, Detectify plans to combine application security and attack surface management capabilities. Insight's purchase supports a renewed focus on R&D and engagement with application security professionals in the U.S. and Northern Europe, Detectify’s core markets.

Filigran Expands AI-Driven Threat Intel With $35M Series B

Michael Novinson  •  October 30, 2024

Filigran’s $35 million Series B funding, led by Insight Partners, positions the company to scale its threat intelligence and proactive security capabilities while expanding its U.S. footprint. Plans include doubling the engineering team and strengthening breach and attack simulation capabilities.

Proofpoint Expands Data Security With Normalyze Acquisition

Michael Novinson  •  October 29, 2024

Proofpoint will acquire DSPM startup Normalyze to strengthen its data security offerings across cloud, SaaS and hybrid environments. The company aims to give security teams enhanced visibility, control and human-centric risk reduction for sensitive data across complex infrastructures.

Armis Secures $200M to Drive M&A and Federal Market Growth

Michael Novinson  •  October 28, 2024

Armis has closed a $200 million Series D funding round on a $4.2 billion valuation to drive growth in cyber exposure management with a focus on acquisitions and federal expansion. CEO Yevgeny Dibrov says the funds will accelerate Armis' work in operational technology and medical device security.

Concentric AI Secures $45M Series B to Expand Data Security

Michael Novinson  •  October 25, 2024

Supported by Top Tier Capital Partners and HarbourVest Partners, Concentric AI’s $45 million Series B funding round will drive product innovation in identity governance, risk monitoring and data breach investigation - critical areas for enterprises seeking resilient data security solutions.

Socure to Fortify Identity Services With $136M Effectiv Buy

Michael Novinson  •  October 24, 2024

Socure has acquired Effectiv, integrating its engineering team of 30 to strengthen identity verification capabilities. The $136 million deal aims to speed up customer onboarding, enhance transaction monitoring, and deliver cross-platform solutions, with the product integration expected in 45 days.

Cloud Defender Stream.Security Raises $30M, Eyes US Growth

Michael Novinson  •  October 23, 2024

With a $30 million boost from Series B funding, Stream.Security will enhance its cloud security offerings. The company’s focus includes auto-remediation, faster, AI-driven threat responses, increased support for multi-cloud and hybrid environments, and boosted market presence in the U.S. and beyond.

Check Point, Mimecast Settle SEC Case From SolarWinds Hack

Michael Novinson  •  October 22, 2024

Check Point and Mimecast will each pay regulators nearly $1 million to settle charges of making materially misleading disclosures related to the SolarWinds Orion hack. The SEC alleged public disclosures from Check Point and Mimecast didn't capture the severity of the compromise.