Security practitioners are skeptical of Cisco's proposed $28 billion Splunk purchase given the networking giant's track record around funding and investing in previous acquisition targets. Forrester's Allie Mellen expects some customers to try out other SIEM tools given Cisco's heritage in hardware.
Cisco's proposed $28 billion buy of Splunk allows businesses to move from threat detection and response to threat prediction and prevention by combining XDR and SIEM. The deal brings together Cisco's newly released XDR platform with Splunk's long-standing SIEM technology.
It turns out SIEM isn't on life support after all. Cisco is providing 28 billion reasons to believe enterprises aren't scrapping the security operations center staple anytime soon, even though rivals with other types of security technology have attempted to write SIEM's obituary for years.
WatchGuard purchased a Massachusetts company to extend network detection and response capabilities traditionally reserved for high-end enterprises to the midmarket through MSPs. The deal gives WatchGuard clients more visibility into east-west network traffic and activity taking place on the cloud.
Venture-backed cloud security firm Wiz swallowing up publicly traded endpoint security firm SentinelOne would be one of the most unorthodox and surprising acquisitions the cybersecurity industry has ever seen. But despite the major financial hurdles, the potential technology synergies are obvious.
Secureworks has executed its second round of layoffs since February, axing 15% of its workforce as the company pursues high-growth products and improved operating margins. The company will reduce its 2,149-person staff by roughly 322 positions as it seeks break-even adjusted EBITDA by January 2024.
WatchGuard's presence on both the endpoint and network allows the company to accelerate response and remediation times on behalf of MSPs, CEO Prakash Panjwani said. MSPs can determine how much of the response they want WatchGuard to automate based on their level of sophistication.
A growing number of security teams are looking to consolidate tools to simplify operations, said Gartner analyst Dionisio Zumerle. "When you have the complexity, it's very hard to identify misconfigurations between the different overlapping tools, and it's also hard to identify security gaps."
Exabeam will have its third CEO since June 2021 after promoting Chief Product Officer Adam Geller to take over as its top leader. The security operations vendor elevated Geller to replace Michael DeCesare, 57, who joined Exabeam as president and CEO two years ago after leading Forescout for years.
Cisco Security Executive Vice President and General Manager Jeetu Patel said the industry struggles to address multifaceted attacks that originate in email and include bad links, malware downloads to a device and more. Cyber defenders need correlated data from multiple sources of telemetry, he said.
CrowdStrike has focused on bringing its extended detection and response technology to users with less expensive devices such as Chromebooks by adding support for Google's ChromeOS. The pact will give CrowdStrike clients greater visibility into the security posture and compliance of ChromeOS devices.
As threats continue to increase in frequency and sophistication, managed detection and response or MDR is becoming an increasingly important component of any organization's cybersecurity strategy and can help organizations overcome a major challenge facing security teams - the skills shortage.
For the first time in its 11-year history, endpoint security vendor Cybereason will have a new leader. Upon receiving a $100 million cash infusion from SoftBank, the Boston-based firm announced that longtime SoftBank executive Eric Gan will take over as CEO to replace co-founder Lior Div.
Corelight has cemented partnerships with incident response firms and extended its capabilities from large enterprises to midsized enterprises to further the reach of its technology. Corelight allows its product to be used by CrowdStrike's incident response team during network-based investigations.
Microsoft and CrowdStrike once again dominate Gartner's Magic Quadrant for Endpoint Protection. Cybereason has risen to the leaders quadrant and Trellix has fallen to a niche player. The endpoint protection market has rapidly matured in recent years - 50% of organizations have already adopted EDR.
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