Firewall maker Check Point Software in an earnings call touted a strong fourth quarter - and a future that won't involve co-founder Gil Shwed as company CEO. Shwed has headed the publicly traded, $19 billion Israeli pure-play cybersecurity company for three decades.
Existing security operations tools focus too much on detecting threats and creating alerts rather than stopping attacks before they happen, says Check Point CEO Gil Shwed, who claims the firm's new MPR and XPR tools will reduce the number of events security analysts handle by at least 90%.
James Foster has been swimming against the current for months, taking ZeroFox public by merging with a special-purpose acquisition company despite the worsening economic conditions. The Nasdaq Stock Exchange listing makes ZeroFox the first cybersecurity company to go public in all of 2022.
Fortinet has raised prices on products and services to address macroeconomic challenges including shipping delays, longer activation timelines and the suspension of sales in Russia. The company says price hikes have more than offset supply chain and geopolitical headwinds in recent months.
A hacker breached a Florida city's water treatment network, increasing the amount of lye that would be added to the water to a dangerous level. Officials say they caught the change immediately and reversed it. Reuters reports that the system was accessed via the city's TeamViewer remote access software.
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