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.
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.
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.
Sophos will execute the second-largest round of layoffs of any security company in the current economic downturn, axing 450 workers amid a shift to MDR services. Sophos plans to reduce its staff by 10% in a move to balance growth and profitability in a challenging and uncertain economic environment.
In 2023, we'll see ransomware groups exploring new methods to get money from the same victims and entering the "the fifth generation of ransomware." Cybereason field CISO Greg Day shares his predictions for cybersecurity trends this year, from cloud security to deepfake scams.
Hack The Box has completed a Series B funding round to add more cloud security and a gamification approach to its cybersecurity training platform. The Kent, England-based startup was founded in 2017 to provide pen testers and red teamers with a way to test their offensive security skills.
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Researchers have found that Kinsing malware gained access to Kubernetes servers by exploiting misconfigured and exposed PostgreSQL servers. The threat actors gained access by exploiting weakly configured PostgreSQL containers and vulnerable container images.
"If we look at all of the types of issues with cloud breaches, it always comes down to misconfiguration," says Troy Leach of Cloud Security Alliance. "The challenge is: People try to treat cloud environments the same as they've always done on-premises, and that is unfair for both environments."
In a world where the adversary has historically had the upper hand, cortex and IBM have partnered together to flip the script for their clients by partnering best in breed technology with extraordinary services.
Bringing together best-of-breed technology and services, Palo Alto Networks and IBM today announced...
In the latest weekly update, ISMG editors discuss how collaboration platform Zoom has strengthened its security features, the implications of a new law on medical device security for patient safety, and details on how a zero-day exploit enabled the ransomware hit on cloud computing firm Rackspace.
Hosting giant Rackspace says the recent ransomware attack resulted in Microsoft Exchange data for 27 customer organizations being accessed by attackers. But it says a digital forensic investigation has found "no evidence" that attackers "viewed, obtained, misused or disseminated emails or data."
Netskope has taken on more than $400 million in debt to further develop its SASE platform and expand its go-to-market activities. The convertible notes will allow Netskope to capitalize on being one of the only providers of single-vendor SASE and take advantage of a $36 billion market opportunity.
CircleCI, which is used by over 1 million developers to build, test and deploy software, has issued a brief security alert warning all customers to immediately "rotate any secrets stored in CircleCI" as it continues to probe a suspected two-week intrusion.
Many healthcare sector organizations would raise their security maturity levels if more CISOs and their teams approached security with business enablement as the objective, says Taylor Lehmann, director for the office of the CISO at Google Cloud.