The LockBit ransomware operation claims to have stolen data from a Texas-based supplier to Elon Musk's SpaceX, which designs, manufactures and launches rockets and spacecraft. It's the latest PR-grabbing attempt by the prolific LockBit extortion group.
Key to the business success of top ransomware groups remains their ability to find innovative new ways to amass victims. For Hive, which received more than $100 million in ransom payments before being disrupted by law enforcement, the new business strategy that helped it thrive was co-working.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
CrowdStrike hopes to capture more small and midsized organizations through a new product bundle, revamped e-commerce portal and renewed partnership with Dell. CEO George Kurtz says becoming the exclusive endpoint security partner of PC giant Dell will help CrowdStrike reach small businesses.
Here's further proof many cybercriminals are rampant self-promoters: Credit card market BidenCash, which sells compromised payment card data, dumped 2 million payment cards for free. This shows that competition between carder markets - and increasingly, Telegram-based vendors - is fierce.
In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
CyberMaxx has landed the former CEO of cloud security vendor Threat Stack to bring offensive and defensive cybersecurity services together on one platform. The Nashville-based firm has tasked Brian Ahern with creating managed detection and response bundles with offensive and defensive capabilities.
A lack of visibility makes it nearly impossible to protect an organization against attack. If you can't see what's lurking in the dark corners of your environment, all you can do is react instead of actively identifying and mitigating risks. But some technologies can help with threat visibility.
India and Singapore made it easier and cheaper for their citizens to send and receive money through the integration of UPI and PayNow, but could this move lead to a rise in cross-border online payment scams? Reports of UPI-related fraud surged in India in 2022.
AT&T wants to unload its cyber assets just five years after doubling down on security through its $600 million purchase of threat intelligence vendor AlienVault. The Dallas-based carrier has been working with British banking firm Barclays to solicit bids for its cybersecurity business, Reuters said.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
Open Systems has split its MDR and SASE businesses into separate divisions with unique executive teams to help each optimize its engineering stack and selling motion. The 300-person MDR division will be known as Ontinue and led by Geoff Haydon, who had served as Open Systems CEO since February 2021.
Managed detection and response titan Deepwatch has received a $180 million investment to strengthen its threat analytics, user interface and security scoring for clients. The money from Splunk, Springcoast and Vista will allow Deepwatch to invest in R&D, platform innovation and threat intelligence.
Adopting hybrid or public clouds remains IT’s go-to means of achieving scale. While this transformation has improved price performance and advanced tech-driven business capabilities, including faster and deeper data insights, it hasn’t always engendered greater customer trust.
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