Broadcom's acquisition of VMware faces challenges from European regulatory authorities over potential competitive advantages. The $61 billion deal announced in May still needs clearance from the EU and also faces scrutiny by U.K. authorities before it can be finalized.
This edition of the ISMG Security Report discusses how Australian health insurer Medibank is facing stark consequences for not paying a ransom to a group of cyber extortionists, how to limit unnecessary cybersecurity exposure during M&A, and how to manage challenges in hybrid environments.
A startup that was reportedly almost acquired by Palo Alto Networks for $600 million has instead raised $100 million to forge ahead on its own. App security vendor Apiiro plans to use the proceeds to strengthen its ability to analyze code and developer activities across the software supply chain.
Software as a service - it's the new shadow IT, says Phyllis Woodruff of Global Payments. And it highlights the new challenges arising for security leaders overseeing their organizations' cloud migrations. She discusses how to make cloud "bulletproof" for business teams.
Versa Networks has completed a pre-IPO funding round to build out a cloud security portfolio and bring zero trust functionality to campus and branch settings. The SASE vendor says the $120 million Series E round will allow the company to build or buy technology around SSPM, CSPM and CWPP.
Snyk has made another round of layoffs, axing 14% of its workforce including cloud security leader Aner Mazur and top legal officer Karyn Smith. The company will reduce its more than 1,400-person staff by 198 employees less than four months after laying off 30 people.
Palo Alto Networks has scaled back its M&A ambitions, walking away from a $600 million deal for Apiiro in favor of buying Cider Security for $200 million. Palo Alto says it abandoned the negotiations over irreconcilable differences in the valuation of Apiiro's code risk platform business.
Cybersecurity firm Eset says its spotted multiple hacks in Israel coming from a Lebanese threat group dubbed Polonium that's affiliated with Iran. The group employs custom-coded backdoors that use a slew of cloud storage accounts to handle command and control.
CEO Yotam Segev says Cyera eschews the focus of data loss prevention tools on blocking users from pulling down data and instead embraces an approach that reduces friction. Cyera has sought to safeguard data by making preventative changes in areas like configuration, permissions and security posture.
Immersive Labs completed a funding round just weeks after laying off 10% of its workforce to cover more developer languages and safeguard Azure and Google Cloud. The Ten Eleven Ventures-led funding will help Immersive Labs expand its coverage from frontline cybersecurity staff to development teams.
In this episode of "Cybersecurity Unplugged," as the use of Kubernetes and cloud containers over traditional forms of storage continues to increase, Nikki Robinson of IBM discusses the benefits of breaking down "complicated environments into something that's tangible and easy to manage."
In the latest weekly update, ISMG editors examine the story of a Maryland couple facing charges for giving military medical records to Russia, the sentencing of a former Seattle tech worker for her massive Capital One hack, and why David Hatfield resigned as co-CEO of cloud security vendor Lacework.
Security operations stalwart Arctic Wolf has taken on more than $400 million in debt to pursue acquisitions in the cloud, SIEM, endpoint and XDR markets. The money will fuel an upcoming launch in the Asia-Pacific region and expansion in markets such as South Africa, Benelux and the Nordics.
David "Hat" Hatfield has exited the co-CEO role at Lacework just four months after the cloud security vendor laid off 20% of its employees. The move will bring Lacework's co-CEO experiment to an end after just 14 months, with Facebook engineering head Jay Parikh moving forward as sole CEO.
Paige Thompson, the Capital One hacker known as "erratic," was sentenced to time served and five years of probation following her June conviction in U.S. federal court. The five-time felon exploited a weakness in web application firewalls on AWS accounts to steal data of 100 million individuals.