| NortonLifeLock sees growth in excess of 10% for revenues, net income in FY 2022 Q3 Michael Gariffo ZD Net Antivirus vendor NortonLifeLock celebrated its second straight quarter of growth in excess of 10% for revenues, net income, and bookings. Norton’s revenues for the third quarter of FY 2022, which ended December 31, 2021, was $702 million, a 10% jump over the $639 million posted for the year-ago quarter. Net income grew even more steeply, rising 16% to reach $202 million, or $0.34 per share, compared to the $178 million, or $0.30 per share posted for the third quarter of FY 2021. Both figures were spurred on by $752 million in new books, which represented a 10% rise and pushed the company’s direct customer count up by 2.4 million to 23.4 million total customers. This represents the ninth consecutive quarter of customer growth for the company, as well. The Q3 financials resulted in the security company honing its FY 2022 guidance to include an expected annual revenue figure of between $2.79 billion and $2.80 billion, which would represent another 10% year-over-year growth milestone for the entire fiscal year, right at the top of the previously forecasted range. Link: https://www.zdnet.com/article/nortonlifelock-sees-second-straight-quarter-of-double-digit-growth/#ftag=RSSbaffb68 Jonathan Greig ZD Net Cybersecurity firm Fortinet beat Wall Street estimates on Thursday, reporting a strong fourth quarter growth and a 2021 revenue 28.8% higher than 2020. Fortinet delivered fourth quarter revenue of $963.6 million, up more than 28% from a year ago. For the fourth quarter, Fortinet’s non-GAAP earnings of $1.23 a share were above expectations. Wall Street was expecting Fortinet to report fourth quarter earnings of $1.15 a share on revenue of $960.2 million. For 2021, Fortinet reported a total revenue of $3.34 billion and a service revenue of $2.09 billion. Fortinet CEO Ken Xie said the company’s revenue gave them three straight years of revenue growth of 20% or more. Product revenue was up more than 31% compared to Q4 2020 at $378.9 million. Service revenue was $584.7 million for the fourth quarter of 2021, an increase of more than 27% compared to the same quarter of 2020. Link: https://www.zdnet.com/article/fortinet-beats-wall-street-estimates-reports-3-34-billion-in-revenue-for-2021/#ftag=RSSbaffb68 Dark Reading Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced it is adding advanced remediation to the Qualys Cloud Platform. The new update enables organizations to fix asset misconfigurations, patch OS and third-party applications, and deploy custom software. The result is improved efficiency by eliminating the need to use multiple products and agents and a more comprehensive approach to remediation. Qualys Patch Management seamlessly integrates with Qualys Vulnerability Management, Detection and Response (VMDR) to remediate vulnerabilities by deploying patches or applying configuration changes on any device regardless of its location. The new remediation feature allows teams to use one application to detect, prioritize and fix vulnerabilities regardless of the remediation method required. The new capabilities enable organizations to:Remediate Vulnerabilities Related to Configuration ChangesDeploy and Patch Any Windows OS-based Software to Any DeviceSupport Complex Patch Deployments and EnvironmentsLink: https://www.darkreading.com/vulnerabilities-threats/qualys-adds-advanced-remediation-capabilities-to-minimize-vulnerability-risk?utm_source=dlvr.it&utm_medium=twitter Industry Arc The increase in the growth of blockchain technologies in the emerging enterprises, IT firms along with the requirement of governance, compliance and risk software for protecting their privacy protocols are predominantly driving the growth of the market. Key Takeaways Rise in cyber threats, data thefts, risks and audit security in an organization along with wide adoption of GRC software to reduce business complexities and manage cyber threats, data thefts are driving the growth of the market. Cloud based deployment is dominating the market owing to its cost effectiveness and upsurge in cloud deployment by most of the end users globally. APAC is expected to dominate the global Governance, Compliance and Risk Software Market in the forecast period 2021-2026 owing the rising use of cloud based networking and growth in new enterprises among which IT firms are the major ones with high risk of vulnerabilities are driving the growth of the market. By deployment Governance, Compliance and Risk Software Market is segmented into On-premises and cloud based and Hybrid. Cloud GRC software is witnessing a significant growth in the market at 15.4% CAGR. The cloud based GRC software allows management of IT operations and integration in a cost effective way as compared to the hybrid and on –premises deployment. BFSI sector is witnessing significant growth in the market at 14.2% CAGR through 2026 owing to the upsurge in adoption of GRC software for improvement of foreign exchange risk, interest rate risk along with managing money. The GRC software enhances the risk and compliance initiatives in more effective and efficient ways owing to which it is used in BFSI. Furthermore, it manages project risk and governs investments. In the modern banking and financial system the GRC software is widely installed as they improve internal control, continuous audit and fraud prevention. These factors are positively affecting the growth of the market. Global Governance, Compliance and Risk Software Market is dominated by APAC region with a market share of 34.9% in 2020. Rise in adoption of more secured and integrated software tools for storing financial records like blockchain are driving the growth of the market. The growth of IT and telecommunication industries have led to the growth of cloud computing and block chain technologies have driven the growth of GRC software. According to the International Trade Administration In 2018, 50% of enterprises with more than 1000 users are using products provided by Cloud Access Security Broker (CASB) to monitor and manage their use of software as service and forms of public cloud in the U.S. The use of cloud computing has increased the risk of threats over the cloud networks. Link: https://www.industryarc.com/Report/18637/governance-compliance-and-risk-software-market.html?utm_source=ABnewswire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease Dark Reading SAN JOSE, Calif., Feb. 1, 2022 – Forescout Technologies, the leader in Active Defense for the Enterprise of Things, today announced its acquisition of CyberMDX, a leading healthcare cybersecurity provider delivering visibility and threat prevention for medical devices and clinical networks. The acquisition further strengthens Forescout’s position as the industry leader in out-of-the-box support for the broadest set of connected device types across IT, IoT, OT and IoMT devices. Together, Forescout and CyberMDX have a powerful platform that delivers an easy-to-use, scalable and agentless approach to device visibility, classification, threat detection and incident response focused on IoMT devices to better serve healthcare organizations. Link: https://www.darkreading.com/vulnerabilities-threats/forescout-acquires-cybermdx-to-expand-healthcare-cybersecurity-focus World Nation News The threats were stopped by the cyber security firm’s Smart Protection Network. According to Trend Micro, the detection volume represents a 42% increase in the number of detections recorded in 2020. This shows that attacks increased by more than 53 billion in the second half of 2021 after Trend Micro blocked 41 billion threats in the first half of 2021. , Threats were detected by more than five trillion threat queries, a 36% year-on-year increase from queries in 2020. Trend Micro’s SPN leverages over 250 million sensors on a globally-wide attack surface to rapidly protect organizations and individuals. Link: https://worldnationnews.com/trend-micro-prevents-94-billion-threats-in-2021/ Stockhouse TEMPE, Ariz., Feb. 1, 2022 /PRNewswire/ — NortonLifeLock today introduced a new feature to help keep customers’ social media accounts safer by monitoring them for account takeovers, risky activity and inappropriate content. Social Media Monitoring1 keeps a pulse on customers’ social media accounts, notifying them of suspected account compromise or potentially risky links in their account feed. Additionally, Social Media Monitoring helps protect children against cyberbullying2 on their social media feeds, with notifications of content that may be sexually explicit, drug-related or violent, and hate speech. Features include3:Support across many of the most popular social media sites including Facebook, Instagram, Twitter, LinkedIn and YouTube.Account takeover protection notifies customers if it suspects their account may have been compromised, including suspicious posts and changes to account settings.Protection against risky online activity notifies customers of potentially risky links including scam or hacking attempts, phishing attempts and malware links in their account feed.Link: https://stockhouse.com/news/press-releases/2022/02/01/nortonlifelock-introduces-social-media-monitoring Bobby Clay WhiteStar.io Durham, January 17th, 2022— WhiteStar Communications, Inc, a Durham, North Carolina based Secure Communications technology company, announced today the release of their new SOCIETY Communities & Messaging App, available on Android and iOS. SOCIETY provides the most Secure and Private Instant Messaging app available today and uses cloudless, smartphone-to-smartphone technologies with multiple layers of sophisticated Artificial Intelligence to ensure your messages are always secure. All of your message content is secure at rest on your device and in flight across the network. Edit or Delete sent Messages across all receiving devices after they are sent, and with device Federation all your conversations/messages are auto-synched across all your devices. Link: https://www.whitestar.io/downloads/society.pdf Cision PR Web REDWOOD CITY, Calif., Feb. 1, 2022 /PRNewswire/ — Delinea today announced its debut as a leading provider of privileged access management (PAM) solutions for seamless security. Backed by TPG Capital, Delinea was formed in April 2021 through the merger of established PAM leaders Thycotic and Centrify. Delinea’s new brand identity underscores its significant progress as a combined company and renewed commitment to providing comprehensive, cloud-ready solutions that put privileged access at the center of cybersecurity. For small businesses and global enterprises alike, Delinea delivers the digital freedom that everyone deserves by seamlessly defining the boundaries of access. Link: https://www.prnewswire.com/news-releases/thycoticcentrify-is-now-delinea-a-privileged-access-management-leader-providing-seamless-security-for-modern-hybrid-enterprises-301472149.html?tc=eml_cleartime Paul Sawers Venture Beat The Open Source Security Foundation (OpenSSF), backed by the Linux Foundation, has launched a new project designed to secure the software supply chain. The Alpha-Omega Project aims to work directly with project maintainers to find zero-day vulnerabilities (i.e., previously unknown bugs) in open source codebases, and work toward fixing them. Microsoft and Google will provide an initial cash injection of $5 million, which follows another recent $10 million recurring commitment the duo made to the OpenSSF alongside fellow member organizations such as Amazon, Facebook, and Oracle. Alpha will be a collaborative project that targets the most critical open source projects, as identified through work carried out by the OpenSSF Securing Critical Projects working group, which combines expert opinions and data. Omega, meanwhile, will use a suite of software tools to identify vulnerabilities automatically — this could be anything from security scanners from companies such as Snyk, to open source tools such as Google’s OSS-Fuzz, and other internal proprietary tools that may eventually be made open source. However, Behlendorf also noted that they anticipate having to create new tools, ones that can intelligently answer questions such as: “that feature that made Log4J so difficult to secure…. what other projects have a similar feature?” Link: https://venturebeat.com/2022/02/01/google-and-microsoft-back-the-alpha-omega-project-to-bolster-software-supply-chain/?utm_campaign=Daily%20Roundup&utm_medium=email&utm_source=Revue%20newsletter Business Wire The Orca Cloud Risk Encyclopedia is designed to be a go-to resource for developers, IT architects, and security professionals to find information on cloud risks, remediation strategies, and best practices, in an effort to help organizations prevent security breaches. The Encyclopedia’s risk listings are pulled directly from the Orca cloud security platform and can be filtered by cloud platform, risk category, compliance framework, and risk score. With regular cloud risk additions and optional email notifications, the Encyclopedia also helps IT security professionals and researchers stay informed about new and trending cloud security risks. Link: https://www.businesswire.com/news/home/20220202005319/en/ Duncan Riley Silicon Angle Cybersecurity software startup Keeper Security Inc. today said it has acquired remote access gateway company Glyptodon Inc. for an undisclosed price. Founded in 2013, Glyptodon is the company that invented and maintains Apache Guacamole, the free and open-source, cross-platform remote access desktop gateway. In 2018, the company launched Glyptodon Enterprise, a platform designed to allow DevOps and information technology teams to access RDP, SSH and Kubernetes endpoints through a web browser. Glyptodon Enterprise offers an agentless remote desktop gateway that can be installed in any on-premises or cloud environment. Core features include RDP, SSH, K8s and VNC protocols, session recording, multi-user session sharing, role-based controls and two-factor authentication. Glyptodon Enterprise also supports Active Directory, SSO and LDAP integration. Link: https://siliconangle.com/2022/02/03/keeper-security-acquires-apache-guacamole-inventor-glyptodon/ Help Net Security This new capability builds on the company’s proven success in protecting traditional cloud workloads with its Zero Trust Network Access solution. The number of developers using Kubernetes has grown by 67% in 2021, and the global container and Kubernetes security market is predicted to reach $8.24 billion by 2030, up from $714 million in 2020. The new Appgate SDP capability is deployed natively within a Kubernetes cluster as a sidecar, which allows organizations to use zero trust principles to control service-to-service access across Kubernetes clusters. This enables them to manage and enforce which microservices can communicate with which critical resources, regardless of location or implementation technologies. Appgate also secures ingress access from users to Kubernetes workloads, as well as access to and from air-gapped Kubernetes environments, for example, between on-premises and public cloud-based resources. Link: https://www.helpnetsecurity.com/2022/02/03/appgate-sdp-capability/ Help Net Security Limelight released Layer0 Security Platform, significantly enhancing its capabilities in the $4.4B web CDN and security market it entered in November. A fully PCI-compliant solution, Layer0 Security protects customers against OWASP Top 10 security risks, SQL injection, cross-site scripting, PHP injection, bot attacks, DDoS attacks, and other threats. With Layer0 Security, developers get comprehensive security at scale without the need to manually integrate it into their edge logic. The new security platform runs natively on Limelight’s backbone and is fully integrated within the Layer0 platform, which allows teams to ship up to twice as fast and deliver sub-second websites. Link: https://www.helpnetsecurity.com/2022/02/03/limelight-layer0-security/ Help Net Security Cynamics launched a cloud NDR offering, removing network visibility barriers by strengthening network monitoring, detection and prediction capabilities across any cloud-native or hybrid-cloud environments into a single-pane view, accommodating shifting requirements of modern organizations. Cynamics’ next-gen Cloud NDR collects small network samples from the cloud networks, infers from these on the full 100% network, provides autonomous discovery of major cloud assets and Services and detects network threats, attacks and anomalies down to the specific server, asset and service using sophisticated patented and academically acknowledged AI technology. Link: https://www.helpnetsecurity.com/2022/02/03/cynamics-cloud-ndr/ C.J. Fairfield CRN LogMeIn is now officially GoTo after some brand identity soul searching and the launch of a new platform, GoTo Resolve, that combines support and communication solutions all in one application. Three reasons were behind the rebrand, according to Patrick McCue, global VP of partners at the US-based software company, “The big thing we have heard from customers as well as the partners is, ‘You need to have a focus on what your brand is and what products are underneath that,’ which was really one of the compelling reasons to do this,” he added. The second reason is to have a set platform of products that they know SMBs (small and midsize businesses) need, like GoTo Connect and the new GoTo Resolve platform. The third piece is the rebrand will allow them to focus on investments and to be innovative in the right products that will serve their partners. Link: https://www.crn.com.au/news/logmein-changes-name-to-goto-debuts-new-all-in-one-platform-575577 Dan Kobialka MSSP Alert Tenable has purchased Cryptom, an attack path management platform provider, for an undisclosed sum. The acquisition is expected to be finalized by the end of March 2022. Cymptom’s attack path analysis and prioritization capabilities will be integrated into the Tenable.ep cyber exposure platform, Tenable CEO Nico Popp said. They also will augment the platform’s prioritization, benchmarking, trending and other capabilities. Link: https://www.msspalert.com/cybersecurity-services-and-products/tenable-acquires-attack-path-management-platform-provider-cryptom/?utm_medium=email&utm_source=sendpress&utm_campaign Dan Kobialka MSSP Alert Cybersecurity company Infinite Group Inc. (IGI) has announced plans to purchase Pratum, which provides security information and event management (SIEM), IT risk management and other information security services. Pratum will retain its name and operate as a wholly owned subsidiary of IGI. The acquired business will join the IGI Cybersecurity division Link: https://www.msspalert.com/investments/infinite-group-acquires-pratum/?utm_medium=email&utm_source=sendpress&utm_campaign |