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.
Application journeys are fluid in practice because applications can live anywhere. Complex deployments with too many tools to configure and manage and overwhelmed IT teams lead to mistakes, so organizations should take a cybersecurity mesh platform approach to securing their application journeys.
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.
Thales has agreed to purchase Imperva for $3.6 billion to enter the application and API security market and expand its footprint in data security. The deal will add a robust web application firewall along with capabilities in API protection and data discovery and classification to Thales' portfolio.
Adobe released a fresh out-of-band security update to patch an improperly fixed ColdFusion zero-day vulnerability being actively exploited in the wild that allows attackers to bypass security controls. The update includes fixes for two other critical vulnerabilities.
Product security is the other half of the security picture. While IT security focuses on an internal audience, product security teams must respond quickly to issues identified by customers and researchers. Quentyn Taylor of Canon EMEA discussed the value of product security programs.
How can you tackle mobile app security and solve user concerns about usability? No-code cyber defense automation can be used to achieve security outcomes in seconds, build desired protections and prevent fraud and malware directly inside the CI/CD pipeline, said Appdome CEO Tom Tovar.
There is a need to redefine the cybersecurity strategy for CISOs to align with their strategic goals of building cyber resiliency and automation to scale up today’s defenses in supporting the business, said Diwakar Dayal, managing director and country manager, India and SAARC, SentinelOne.
Traditional licensing models that lock organizations into fixed solutions or time periods are no longer ideal. Organizations need to consider usage-based licensing approaches that offer flexibility to deploy whatever solutions are required, wherever they are needed, for whatever length of time.
Technology giant Apple has joined the chorus of voices calling on the British government to rethink its proposed Online Safety Bill legislation intended to increase public safety by monitoring people's private communications via client-side scanning.
The Securities and Exchange Commission accused SolarWinds CFO Bart Kalsu and CISO Tim Brown of violating securities laws in their response to the 2020 cyberattack. Kalsu and Brown are among "certain current and former executive officers and employees" targeted by the SEC for alleged violations.
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