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.
Data resilience stalwarts Commvault, Rubrik and Cohesity have pulled ahead of rivals Veeam Software and Veritas atop the latest Forrester Wave. Commvault, Rubrik and Veritas took the gold, silver and bronze, respectively, for the strength of their current data resilience offerings.
Recorded Future has signed an agreement with Ukraine's Ministry of Digital Transformation to help protect the county's critical infrastructure against Russian physical and cyberattacks. The company can help detect novel strains of malware and command-and-control infrastructure run by the Russians.
OneTrust has laid off 25% of its staff - or 950 workers - making it the third late-stage startup to significantly cut headcount in recent weeks. The Atlanta-based privacy and data governance vendor says the capital markets want to see a more balanced approach between growth and profitability.
Most publicly traded security vendors specialize in one technology category, but Palo Alto Networks has built out industry-leading practices around network security, cloud security and security operations. CEO Nikesh Arora discusses this unique path.
Forescout has agreed to purchase startup Cysiv to help OT and IoT customers analyze, detect and respond to threats using cloud-native data analytics. The proposed acquisition will make it easier for customers to mine and cross-reference data that's stored on Forescout's platform.
Devo has closed its Series F round and notched a $2 billion valuation to incorporate more capabilities into its SOC via acquisition. The company plans to use the $100 million to buy companies that will provide customers with additional intelligence on top of Devo's data for specific use cases.
In the latest weekly update, four ISMG editors discuss important cybersecurity issues, including the trending topics at this year's RSA Conference, how security researchers are tracking a zero-day vulnerability in Microsoft Office and what Broadcom's acquisition of VMware means for security.
Lookout has bought password management provider SaferPass to provide carriers distributing the company's consumer app with more capabilities in a single place. Lookout wants to take SaferPass's technology beyond its existing base of consumer and SMB customers and bring it to large enterprises.
Broadcom has agreed to buy cloud and virtualization giant VMware for $61 billion, bringing together the $1.6 billion Symantec and $1 billion VMware security teams. Broadcom will incorporate its existing security offerings into the VMware portfolio and bring them to market under the VMware brand.
Cybersecurity startup Lacework has announced layoffs - affecting 20% of its employees, according to one report - to strengthen its balance sheet, just six months after raising $1.3 billion. The company says it restructured its business in response to a large shift in the public and private markets.
In the latest update, four ISMG editors discuss the alarming, bizarre case of a cardiologist in Venezuela charged with developing malware and recruiting affiliates, recent ransomware and data leak incidents in healthcare and how the economy is causing mature cybersecurity startups to slow hiring.
Google will offer customers access to the same technology it uses to lock down developer workflows to ensure open-source dependencies are addressed. Assured Open Source Software will allow clients to ensure third-party software they're using is scanned, analyzed and fuzz-tested for vulnerabilities.
Material Security has closed a $100 million funding round on a $1.1 billion valuation to extend its protection of sensitive content at rest beyond email. The startup will take patents for defending content in old emails and apply them to SaaS applications such as Dropbox, Google Drive and Slack.
New CEO Bryan Ware plans to leverage LookingGlass' nascent attack surface management capabilities to capture clients in verticals such as pharmaceuticals, manufacturing and utilities. The company tapped former CISA leader Ware to serve as its next CEO following the acquisition of Next5.