Table of Contents
- U.S. Department of Defense Selects Forescout to Protect Millions of Mission Critical Devices Across Global Networks
- EY Announces Adam Vincent of ThreatConnect, Inc. Entrepreneur Of The Year® 2020 Mid-Atlantic Award Finalist
- Gigamon and Cisco Partner to Accelerate Network Threat Detection and Response in Highly Dynamic Environments
- Cisco extends Meraki SD-WAN to Microsoft Azure
- How The Free Edinburgh Fringe Festival Brought Comedy Online Using Cisco And Twitch
- Boston-based software security company Snyk raises $200M
- U.S. Financial Services Cyber Security Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025
- CYBERSECURITY MARKET REVIEW | 1H 2020
- Zscaler Releases New Data Protection Innovations in Zscaler Zero Trust Exchange
- Cloud SIEM Security Provider Panther Labs Raises $15 Million
- Securonix SIEM Updates Global MSSP, MDR Program, Adds 30 Partners
- Bugcrowd adds two industry executives to advisory board
U.S. Department of Defense Selects Forescout to Protect Millions of Mission Critical Devices Across Global Networks
Globenewswire
Yahoo – Finance
SAN JOSE, Calif., Sept. 01, 2020 (GLOBE NEWSWIRE) — Forescout Technologies, Inc., the leader in Enterprise of Things security, today announced it was selected by the U.S.
Department of Defense (DoD) to expand cybersecurity across its global enterprise as the initial phase of a multi-million dollar contract award through 2020.
The Defense Information Systems Agency (DISA) chose Forescout’s technology as the foundation of the DoD’s “Comply to Connect” (C2C) initiative, a security framework to provide the highest level of assurance for authentication, authorization, compliance assessment and automated remediation of devices connecting to the DoD information network (DoDIN).
The multi-year C2C program will impact all branches of the U.S.
Armed Forces, as well as other DoD Agencies and Centers.
Forescout has supported the C2C program from its pilot and early adopter phases at DoD enterprises including DISA, the Marine Corps, the Navy’s Next Generation Enterprise Network (NGEN), and Army Medical Command (MEDCOM).
Link: https://finance.yahoo.com/news/u-department-defense-selects-forescout-130000754.html
EY Announces Adam Vincent of ThreatConnect, Inc. Entrepreneur Of The Year® 2020 Mid-Atlantic Award Finalist
Business Wire
Yahoo – Finance
Ernst & Young LLP (EY US) today announced that ThreatConnect, Inc.
CEO Adam Vincent was named an Entrepreneur Of The Year® 2020 Mid-Atlantic Award finalist.
Now in its 34th year, the Entrepreneur Of The Year program honors entrepreneurial business leaders whose ambitions deliver innovation, growth and prosperity as they build and sustain successful businesses that transform our world.
Link: https://finance.yahoo.com/news/ey-announces-adam-vincent-threatconnect-143000884.html
Gigamon and Cisco Partner to Accelerate Network Threat Detection and Response in Highly Dynamic Environments
Business Wire
Yahoo – Finance
Gigamon, the worldwide leader in network visibility and analytics, today announced the integration of Gigamon ThreatINSIGHT and Cisco SecureX to optimize network security through accelerated threat detection and response (NDR).
With an expanded attack surface and resources that are stretched thin, now more than ever, InfoSec teams need a platform of integrated, advanced security solutions to combat attackers and secure their organizations.
Link: https://news.yahoo.com/gigamon-cisco-partner-accelerate-network-125000733.html
Cisco extends Meraki SD-WAN to Microsoft Azure
Michael Cooney
Network World, from IDG
Cisco and Microsoft have teamed up on another joint effort, this time to make it easier for enterprise branch offices with Cisco Meraki SD-WAN gear to tap into the Azure Virtual WAN service.
Specifically, Cisco said it has integrated its SD-WAN Powered by Cisco Meraki offering with Microsoft’s Azure Virtual WAN service, which will let customers automate secure connectivity between Meraki MX appliances at branch locations directly with the Azure service, regardless of geographical location.
In this latest announcement, the companies say they have co-developed a toolkit that automates the process of securely connecting the branch MX appliances directly to the Azure service.
The automated workflow includes built-in security features and zero-touch configuration.
Link: https://www.networkworld.com/article/3574711/cisco-extends-meraki-sd-wan-to-microsoft-azure.html
How The Free Edinburgh Fringe Festival Brought Comedy Online Using Cisco And Twitch
Sooraj Shah
Forbes
The Free Edinburgh Fringe Festival has been going since 2004 as a platform for up and coming comedians to make a name for themselves without the higher costs associated with appearing at the main Edinburgh Festival Fringe.
The main festival, which is one of the biggest comedy festivals in the world, issued more than 850,000 tickets in 2019.
It is harder to get exact figures for attendances at the Free Edinburgh Fringe festival, but the organizers are confident that the shows get at least 375,000 attendances each year.
“A lot of the comedians were worried about how you interact with people who are potentially watching and also with each other.
WebEx allows us to get a group of people online – that myself who sits behind as a producer can make sure the correct people can be heard and we chose Twitch to stream it out, because it gives it a good way of being a broadcast while also getting the feedback from the audience.
While the audience are not immediately involved with the show, it gives us an element of feedback and an element of interactivity”.
Petty explained that the organization did not test out other popular video conferencing apps like Microsoft Teams and Zoom, because it was confident in Cisco’s technology.
Link: https://www.forbes.com/sites/soorajshah/2020/09/08/how-the-free-edinburgh-fringe-festival-brought-comedy-online-using-cisco-and-twitch/#811a5ef73337
Boston-based software security company Snyk raises $200M
Andy Rosen
Boston Globe
Snyk, a Boston-based technology company that helps developers identify security risks while they are building software, said Wednesday it has brought in $200 million in new private investment.
The money is a sign of growing investor confidence in the firm, which has about 325 employees, 100 of whom work for its Boston office.
Snyk said it has raised a total of $450 million and is now valued by its investors at $2.6 billion.
Early this year, when the company last raised money, its value was less than half of that.
Snyk CEO Peter McKay said in an interview that the company has grown rapidly this year, as the COVID-19 pandemic caused more companies to use software to handle functions that may have been done on paper or by hand in prior years.
Snyk, which also has offices in Israel, London, Canada, and Silicon Valley, plans to move its headquarters from the Back Bay to downtown at Boston’s 100 Summer Street early next year.
Link: https://www.bostonglobe.com/2020/09/09/business/boston-based-software-security-company-snyk-raises-200m/
U.S. Financial Services Cyber Security Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025
Market Watch
Sep 05, 2020 (AmericaNewsHour) — This cyber security market report focuses on the U.S. financial services demand side of cyber security products, systems & services.
It is based on hundreds of interviews with financial institutions’ cyber security customers, CEOs, CISOs and CIOs as well as cyber security industry executives and world-class experts.
According to the Cyber Security Market Report “U.S.
Financial Services: U.S.
Financial Services: Cybersecurity Systems & Services Market – 2016-2020” report, the U.S. financial institutions cyber security market is the largest and fastest growing private sector cyber security market.
Its cumulative 2016-2020 market size is forecasted to exceed $68 Billion.
We corroborated our findings by conducting a meta study which integrated the results of eight individual surveys performed by others (e.g., Verizon, IBM, SANS survey for: Blue Coat, FireEye, ForeScout, Raytheon, Sourcefire Tenable Network, N.Y.
State Department of Financial Services, Accenture, Zurich Insurance and more) with thousands of combined responders.
Link: https://www.marketwatch.com/press-release/us-financial-services-cyber-security-market-share-trend-opportunity-affect-on-demand-by-covid-19-pandemic-and-forecast-2020-2025-2020-09-05
CYBERSECURITY MARKET REVIEW | 1H 2020
Momentum Cyber
We are pleased to provide you with Momentum’s Cybersecurity Market Review for 1H 2020.
Strategic activity in the first half of 2020 included 293 transactions completed totaling $14.5B in deal value across M&A (93 transactions, $9.8B) and Financing (200 transactions, $4.7B)
• 93 M&A deals were announced with disclosed values of $9.8B, (median disclosed value of $125.0M)
• The acquisitions of RSA by STG for $2.1B, Forescout by Advent International for $1.6B, Checkmarx by Hellman & Friedman for $1.2B, & Armis by Insight Partners $1.1B highlighted M&A activity for the first half of 2020
• The most active sectors in the first half of 2020 included: Identity & Access Management (11), Risk & Compliance (10), Network & Infrastructure Security (10), & Cloud Security (8)
• 200 financing transactions completed with total capital raised of $4.7B (median amount raised of $8M)
• Netskope’s $350M Series G, Stackpath’s $216M Series B, OneTrust’s $210M Series B, & SentinelOne’s $200M Series E rounds led all financing activity for the first half of 2020
• 55% of total financing deals were Early Stage to Series A (median amount raised was $10.5M)
• The most active sectors in the first half of 2020 included: Risk & Compliance (36), Cloud Security (34), Identity & Access Management (18), & Network & Infrastructure Security (16)
Link: https://momentumcyber.com/cybersecurity-market-review-1h-2020/
Zscaler Releases New Data Protection Innovations in Zscaler Zero Trust Exchange
Zscalar
Zscaler, Inc., the leader in cloud security, today announced new data protection innovations in the ZscalerTM Zero Trust Exchange that protect organizations in the work-from-anywhere era by securely connecting users, devices, and applications.
The Zscaler Zero Trust Exchange, built on a Secure Access Services Edge (SASE) framework, expanded its data protection capabilities with a suite of services that are now generally available.
These services include Cloud Access Security Broker (CASB), Cloud Security Posture Management (CSPM) for SaaS applications, and Cloud Browser Isolation.
The Zscaler Zero Trust Exchange was built with a new approach that creates zero trust connections between the users and applications directly to solve this unique challenge.
As a scalable, cloud-native platform, it enables digital transformation by securely connecting users, devices, and applications anywhere, without relying on network-wide access.
This platform is delivered by five key architecture attributes, unique to the Zscaler Zero Trust Exchange, that together enable organizations to provide strong security and a great user experience to their employees and customers.
The attributes are:
Zero attack surface
Connect a user to an application, not a networ
Multi-tenant architecture
Proxy architecture, not pass-through
ecure access service edge (SASE) architecture
Link: https://www.zscaler.com/press/zscaler-releases-new-data-protection-innovations-zscaler-zero-trust-exchange
Cloud SIEM Security Provider Panther Labs Raises $15 Million
Dan Kobialka
MSSP Alert
Panther Labs, a cybersecurity startup and security information and event management (SIEM) platform provider, has added $15 million in Series A funding led by venture capital firm Lightspeed Venture Partners.
The company also has named Lightspeed Partner Gaurav Gupta to its board of directors.
The Series A funding will help Panther accelerate the development of its open-source SIEM platform, the company stated.
In addition, the funding brings Panther’s total financing to date to $20.5 million.
Link: https://www.msspalert.com/investments/cloud-siem-security-provider-panther-labs-raises-15-million/?utm_medium=email&utm_source=sendpress&utm_campaign
Securonix SIEM Updates Global MSSP, MDR Program, Adds 30 Partners
Dan Kobialka
MSSP Alert
Securonix, a security information and event management (SIEM) platform provider, has unveiled Securonix Fuel, an updated version of its global MSSP and managed detection and response (MDR) program.
With Securonix Fuel, MSSPs and MDR providers can access a partner portal and training and certification for sales and pre-sales via Securonix Academy, the company said.
They also can leverage Securonix SearchMore community-powered threat hunting to search for threats in real-time, streaming data across multiple tenants and deliver managed threat hunting services to their customers.
Other Securonix Fuel features include:
• Professional services
• Tiered pricing
• Onboarding and sales support
In addition, Securonix will increase partner support resources this year, said David Wagner, VP of the company’s MSSP business.
This will ensure that Securonix can help MSSPs and MDR providers meet the rising demand for SIEM services.
Link: https://www.msspalert.com/cybersecurity-companies/partner-programs/securonix-siem-updates-global-mssp-mdr-program/?utm_medium=email&utm_source=sendpress&utm_campaign
Bugcrowd adds two industry executives to advisory board
Help Net Security
Bugcrowd announced the addition of two board advisory members, Norma Lane, chief human resources officer and executive vice president of people and places at Infoblox, and Dave Gerry, chief revenue officer and head of global operations at WhiteHat Security, a wholly-owned, independent subsidiary of NTT.
Link: https://www.helpnetsecurity.com/2020/09/10/bugcrowd-adds-two-industry-executives-to-advisory-board/