Check Point Software will buy a SaaS security startup founded by former Armis leaders to anticipate and block threats from malicious applications. The deal will give clients a better understanding of the SaaS platforms - such as Office 365, Salesforce and GitHub - that power their business.
GrammaTech has separated its security software products and cyber research services divisions, and venture capital firm Battery Ventures has acquired the former and renamed it CodeSecure. The Washington, D.C.-area application security testing software business will pursue M&A in adjacent markets.
Multiple hackers are minting newer capabilities from an open-source information stealer to spawn new variants. The malware steals sensitive information such as corporate credentials, which are resold to other threat actors for attacks, including operations related to espionage or ransomware.
In today's evolving digital landscape, application security is crucial. That’s why it is increasingly important to normalize the use of two-factor authentication in the developer community to the point that it is "effectively ubiquitous," said John Swanson, director of security strategy at GitHub.
Third-party targeting by attackers has intensified due to the interconnectedness of the business world, enabling adversaries to exploit intermediaries for access. With the surge in cloud adoption, visibility in the cloud is paramount, advised Levi Gundert, chief security officer at Recorded Future.
Enterprises have been keenly exploring the potential of generative AI, deploying it to fuel innovation. But stealthy integration of AI features into products already owned by organizations has cybersecurity experts worried, said Jeff Pollard, vice president and principal analyst at Forrester.
Organizations engaged in software production often run their applications and services within cloud environments. CEO Ganesh Pai advocates the "shift-up" approach for enhanced cloud security, which focuses on operational visibility extending from software composition to production workloads.
In the ever-evolving landscape of cybersecurity, zero authority is giving defenders a new perspective on security and business enablement, said Jake Seid, general partner at Ballistic Ventures. "Zero authority is an architectural change that affects every area of security," he said.
Large enterprises may have hundreds or thousands of APIs. Concerns over API vulnerabilities have been around for years, but most organizations outside of highly regulated industries such as banking have not taken the steps to understand the threats they face, said Richard Bird, CSO at Traceable.
In the latest weekly update, ISMG editors discuss the White House's debut of a $20 million contest to exterminate bugs with AI, a New York man admitting to being behind the Bitfinex hack, and a new malware campaign that is targeting newbie cybercriminals in order to steal sensitive information.
OpenText acquired several cyber companies in recent years to protect sensitive information and data everywhere from consumer to large enterprise environments, said EVP Prentiss Donohue. The Micro Focus buy shored up OpenText's offerings around application and data security and identity management.
Shadow APIs are up 900%, and API business logic abuse attacks have come to the forefront and are demanding both discovery and defensive measures from cybersecurity organizations, said James Sherlow, director of solution engineering in EMEA at Cequence Security.
The rapid pace of API development has created major risk for companies given the amount of data that's being exposed, said Salt Security CEO Roey Eliyahu. The security industry hasn't adapted quickly to address these problems since it's still used to relatively static APIs that were easy to guard.
A startup founded by two Israel Defense Forces veterans and backed by the likes of Insight Partners and Cyberstarts could soon be acquired by CrowdStrike. The endpoint security firm is in advanced negotiations to purchase Silicon Valley-based application security posture management vendor Bionic.
Attackers are increasingly using carefully crafted business logic exploits in which attackers effectively social engineer an API to do something it wasn’t intended to do, according to Stephanie Best, director of product marketing for API security at Salt Security.
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