Business and Finance News

A report released this week by Outpost24, that examined the security posture of web applications amongst the Top 10 US Credit Unions, has revealed that they all have security issues. Using Outpost24’s attack surface discovery tool called Scout, Outpost24 was able to analyse each Credit Union’s public-facing web security environments against the seven most common attack vectors used by hackers during reconnaissance, to ascertain a risk score that is measured 1-100. The attack vectors are labelled as...

Outpost24, specialists in managing cybersecurity exposure, has celebrated its 20th year anniversary by announcing the appointment of Karl Thedéen as the company’s new Chief Executive Officer. Thedéen brings over 20 years of experience in the software and technology sector, having previously held CEO roles at Edgeware AB and Transmode AB public in 2011 before its acquisition by Infinera. Thedeen will be replacing Martin Henricson who will continue to serve as a member on the board...

Beech Tree Private Equity has announced a significant investment in Performanta, a fast-growing global provider of managed cyber security services to enterprise customers. Performanta provides an end-to-end security solution for customers, advising on security strategies as well as monitoring their environments 24/7 - including full Managed Detection and Response (MDR) and Incident Response services. Beech Tree will support Performanta with its plans to scale up rapidly, enhancing sales to accelerate its focus on enterprise customers...

Mobile cybersecurity specialists, Lookout, has acquired CipherCloud, a cloud-native security company that operates in the emerging Secure Access Service Edge (SASE) market. Through this acquisition, which combines the Lookout Mobile Endpoint Security with the CipherCloud SASE technologies, Lookout believes it is in the best position to provide industry’s first end-to-end platform that secures an organisation’s entire data path from endpoint to cloud.    Given the rise in the number of remote users and the rapid adoption of cloud technology, the need for...

Red Canary has closed its $81 million Series C financing round led by global growth equity investor Summit Partners. The new funding will help to support continued investment in both product and team expansion as the company continues to work toward enabling every organization to make its greatest impact without concern of cyber-attacks. A leading provider of SaaS-based security operations solutions, Red Canary provides outcome-focused solutions for security operation teams, to analyse and respond to endpoint...

Nozomi Networks Inc., the leader in OT and IoT security, today announced record 2020 growth and tremendous momentum moving into 2021. As industrial and critical infrastructure cybersecurity threats made operational resilience a top priority for large enterprises around the world, the company experienced 110% growth in annual recurring revenue (ARR) and doubled its customer base with a 90% increase in new customer revenues. The COVID-19 pandemic has accelerated digital transformation, sped industrial connectivity and driven...

Vdoo, a leader in product security for embedded software, today revealed it had extended its Series B funding to $57M, in an additional round led by Qumra Capital, Verizon Ventures, and others. The round was completed in the third quarter of last year, and the new funding was leveraged to expand Vdoo’s offering to the telco and smart utility space, at the backdrop of the connectivity surge induced by COVID-19. The round increased the total...

Much has been said about the shadow cast by the pandemic across security teams, as well as the widespread and seismic changes it has facilitated across every part of business function. The sudden shift into remote working has been a challenging endeavour for everyone, but especially among senior management. According to the recent COVID-19 State of Remote Work Survey 2.0, OneLogin recently discovered that they in fact represent the biggest security risk to a business. Nevertheless, much...

Corelight, provider of the industry’s first open network detection and response (NDR) platform, announced three new leadership appointments today as the company prepares for its next phase of growth amid increasing demand for NDR and rising interest in open source security platforms, architectures and techniques. Brian Dye, formerly chief product officer, has been named chief executive officer; Michele Bettencourt, former chief executive of Imperva, has assumed the role of executive chairperson of the Corelight Board...