SOTERO ANNOUNCES THE DATA SECURITY INDUSTRY’S FIRST SINGLE-PANE DATA SECURITY FABRIC
Hugh Taylor
Journal of Cyber Policy
Burlington, MA – Sotero, a leading provider of enterprise data security solutions, announces the availability of the Sotero data security fabric, a flexible single-pane data security solution that empowers organizations to manage their entire data security ecosystem through a single pane for a true 360-degree view, to reduce data security complexity and costs, while adding breakthrough capabilities.
The Sotero data security fabric is a technology-agnostic, extensible framework that enables organizations to replace numerous platform-specific data security products with one centralized platform.
IT security teams are no longer required to deploy multiple security products to protect each data asset or storage platform.
Link: https://journalofcyberpolicy.com/2022/02/02/sotero-announces-the-data-security-industrys-first-single-pane-data-security-fabric/
Salt Security Formalizes Global Channel Partner Program to Meet Worldwide Demand for API Security
Sales Tech Star
Salt Security, the leading API security company, announced the global expansion of its Salt Security Essential Partner Program.
As the API security leader, Salt Security and its global partner program will be instrumental in enhancing access to the best-in-class Salt Security API Protection Platform, ensuring customers around the world can protect the APIs fueling their digital transformation, application modernization, cloud migration, and other digital initiatives.
Salt Security has always been 100% channel-focused – making this program more broadly available will expand the network of distributors, channel partners, consultancies, and integrators already driving adoption of the industry’s most mature and proven API security platform.
The timing is ideal to amplify the Salt Security Essential Partner Program given the company recently appointed veteran channel leader, Jon Peppler, as Vice President of Worldwide Channels.
Peppler joins Salt Security from Bitglass (now Forcepoint), bringing decades of experience running worldwide channel programs for software startups with him.
His record of success recently earned him recognition as a 2021 Channel Chief by CRN, only the most recent of several years earning that accolade.
Peppler will be responsible for driving the company’s global channel partner strategy and empowering organizations to innovate by securing the APIs at the heart of modern applications.
He joins the Salt Security team of international sales leaders, including Anton Granic, VP of Worldwide Sales, and Sunil Dutt, Director of Channel Sales, EMEA and APAC.
Link: https://salestechstar.com/partner-management-channel-enablement/salt-security-formalizes-global-channel-partner-program-to-meet-demand/
Gartner Analyst John A. Wheeler Joins CyberSaint Growth Advisory Board
Maryville Forum
CyberSaint, the developer of the leading platform delivering cyber risk automation, today announced that John A.
Wheeler, one of the world’s leading market analysts and thought leaders on Integrated Risk Management (IRM), has joined the company’s Growth Advisory Board.
This strategic appointment aligns one of the foremost experts on risk management and compliance solutions with CyberSaint to further enable the company’s impressive growth trajectory, fueled by a customer-first mindset and innovative approach to solving risk management problems for cyber and IT risk teams, members of the C-Suite, and Boards of Directors.
Link: https://www.maryvilleforum.com/business/gartner-analyst-john-a-wheeler-joins-cybersaint-growth-advisory-board/article_be2eeffb-b438-5a73-8db0-70b9553b6ac5.html
Ben Schommer named CISO at Magnet Forensics
Security Magazine
Schommer will develop and lead the implementation of Magnet Forensics’ strategy for information security, while overseeing corporate, product and customer security programs.
He will report to the COO.
Schommer joins the organization with more than 20 years of international cybersecurity experience.
Between 1996 and 2013, He worked in Okinawa, Japan for the United States Marine Corps and SAIC in network engineering.
Schommer has since held deputy CISO and CISO positions at Tata Communications, FBR Capital Markets and Proxios.
Link: https://www.securitymagazine.com/articles/97012-ben-schommer-named-ciso-at-magnet-forensics
BreachQuest Welcomes Sandy Dunn as CISO
AI Tech Park
Prior to BreachQuest, Dunn was CISO at Blue Cross of Idaho.
During her five years at the Healthcare corporation, she revolutionized their security practices, establishing and maintaining the enterprise-wide vision of security for the company to ensure information assets and sensitive customer data, such as protected health information (PHI), was secured.
Before Blue Cross, Dunn spent nearly 15 years at Hewlett Packard (HP), developing her skills in cyber security through various security-focused roles.
Dunn is also currently an Adjunct Professor of Cybersecurity at Boise State University (BSU), is actively involved in the BSU Cybersecurity Consortium Advisory Group where she acts as an advisor in Healthcare and Banking, and is an Idaho Board Member for the Institute for Pervasive Cybersecurity.
Link: https://ai-techpark.com/breachquest-welcomes-sandy-dunn-as-ciso/
u-blox announces scalable digital certificate management system for IoT devices-
Nicolaskross
Fuentitech.com
U-blox (SIX: UBXN), the world’s leading provider of positioning and wireless communication technologies and services, announces IoT Certificate Manager, a new security service that continuously updates device credentials in fully automated mode. did.
Together with u-blox’s existing zero-touch provisioning service, it provides full control over the device certificate lifecycle, providing ready-to-use onboarding for IoT cloud platforms.
Certificate lifecycle control is targeted at IoT devices that integrate with major IoT cloud platforms such as AWS IoT Core, Azure IoT Hub, and DPS services.
While they are responsible for device management and data aggregation, u-blox services provide an easy, secure and cost-effective way to manage the X.509 certificates required for device authentication.
u-blox’s new IoT Certificate Manager eliminates the task of manually managing credential updates on thousands of devices.
Designed and optimized for IoT scenarios, it eliminates errors that can occur during manual operations in large IoT deployments and frees resources for other activities.
Delivery via the intuitive Thingstream IoT service delivery platform with simple and flexible pricing plans enables users to engage more efficiently and accelerate time to market.
Link: https://fuentitech.com/u-blox-announces-scalable-digital-certificate-management-system-for-iot-devices/495164/
Tenable Announces Fourth Quarter and Full Year 2021 Financial Results
Central Charts
Added 562 new enterprise platform customers and 100 net new six-figure enterprise platform customers in the fourth quarter.
Fourth quarter revenue of $149.0 million, up 26% year-over-year; Full year revenue of $541.1 million, up 23% year-over-year.
Fourth quarter calculated current billings of $194.0 million, up 29% year-over year; Full year calculated current billings of $617.2 million, up 25% year-over-year.
Full year net cash provided by operating activities of $96.8 million; Unlevered free cash flow of $95.2 million.
Added 562 new enterprise platform customers and 100 net new six-figure enterprise platform customers in the fourth quarter.
Fourth quarter revenue of $149.0 million, up 26% year-over-year; Full year revenue of $541.1 million, up 23% year-over-year.
Fourth quarter calculated current billings of $194.0 million, up 29% year-over year; Full year calculated current billings of $617.2 million, up 25% year-over-year.
Full year net cash provided by operating activities of $96.8 million; Unlevered free cash flow of $95.2 million.
Link: https://www.centralcharts.com/en/722830-tenable-holdings-inc/news/3549158-tenable-announces-fourth-quarter-and-full-year-2021-financial-results
Mandiant quiet on Microsoft rumors
Michael Novinson
CRN
Mandiant said it’s trying to build new products that fit the channel and once again declined to comment on reports that Microsoft is pursuing an acquisition.
“As a matter of policy, we’re not going to comment on rumours or speculation,” Mandiant CEO Kevin Mandia told investors during an earnings call late Tuesday.
Mandia similarly declined to comment on Bloomberg’s Microsoft acquisition report when speaking with CRN earlier in the afternoon, saying, “We run this company like it’s ours forever, and that’s what we’re going to do.”
Mandia acknowledged that some endpoint security vendors have their own MDR and XDR offerings that compete with Mandiant, and he said the company will pursue memorandums of understand and go-to-market alignment with vendors where there’s less competition.
But Mandia said the company’s services and expertise give it a unique advantage over more product-centric or technology-centric competitors.
The company recorded net income of US$1.1 billion, or US$4.65 per diluted share, up from a net loss of US$44.3 million, or US$0.19 per diluted share, the year prior due to the FireEye products sale.
On a non-GAAP basis, the company recorded a net loss of US$20.7 million, or US$0.09 per share, down from net income of US$28.3 million, or US$0.12 per share, last year.
That beat Seeking Alpha’s net loss estimate of US$0.13 per share.
On a full-year basis, Mandiant’s revenue jumped to US$483.5 million, up 21 percent from US$399.7 million the year prior.
The company recorded net income of US$918.6 million, or US$3.81 per diluted share, up from a net loss of US$207.3 million, or US$0.95 per diluted share, due to the FireEye products sales.
Link: https://www.crn.com.au/news/mandiant-quiet-on-microsoft-rumors-575846
Devo Launches Application Marketplace to Accelerate Time-to-Value for Customers and Partners
IT News Online
CAMBRIDGE, Mass., Feb. 09, 2022 (GLOBE NEWSWIRE) — Devo Technology, the cloud-native logging and security analytics company, today announced Devo Exchange, a community-based application marketplace, now available to Devo customers and partners.
Designed to streamline and broaden the capabilities and expertise of security teams, Devo Exchange provides on-demand access to a catalog of Devo-curated content that Devo, its partners, and the greater security community create, collaborate, and share.
Devo Exchange dramatically reduces the time and effort needed for customers and partners to create content for more focused and impactful security operations.
Devo Exchange provides out-of-the box content that will allow organizations to maximize the value of their existing third-party IT and security solutions with content that is relevant to their security ecosystem.
Partners within the Devo Exchange community will more efficiently be able to extend value and expertise with their customers, giving them a competitive advantage.
Community contributed and Devo-vetted, Devo Exchange content includes:
Alert Packs: A collection of related alerts (expert-created security analytics) that allow customers to detect, in real time, important signals within their data.
Applications: Interactive use case-based applications that offer greater interactivity with data, enabling customers to access deeper insights and unlock new use cases with ease.
Devo Activeboards: Intuitive and interactive dashboards that allow customers to more easily visualize, interact, and explore their data.
Lookups: Helpful sets of enrichment data that bring real-time context that speeds investigations and understanding of threats.
Content Packs: Pre-packaged collection of related content (applications, alert packs, lookups, and/or activeboards) bundled for rapid and easy deployment.
Link: http://www.itnewsonline.com/GlobeNewswire/Devo-Launches-Application-Marketplace-to-Accelerate-Time-to-Value-for-Customers-and-Partners/35767
Gigamon ThreatINSIGHT 365-day data retention levels the playing field against adversaries’ dwell time advantage
PR Deadlines Newsroom
SYDNEY, February 10, 2022 — Gigamon, the leader in cloud visibility and analytics, today announced the latest release of Gigamon ThreatINSIGHT Guided-SaaS NDR™.
Today, Gigamon ThreatINSIGHT becomes the only NDR to address lengthy dwell times with 365-day retention of rich network metadata.
Extended data retention enables more proactive threat hunting, lessening the pressure of ransomware, advanced persistent threats, and cybercrime that results in 70 percent of SOC teams reporting burnout.
Gigamon ThreatINSIGHT Guided-SaaS NDR equips security teams with:
- Up to 365-day retention
- Guided Playbooks
- Parallel Hunting
- Extended Reporting (90-day at-a-glance dashboards)
Attivo Networks Innovations in Identity Security Snap up 6 Golds at the 2022 Cybersecurity Excellence Awards
Business Wire
Bus
Attivo Networks technology was recognized as a gold winner across six separate categories:
Cloud Infrastructure Entitlements Management (CIEM): Least privileges for Zero Trust
Cloud Security: Exposure and over-provisioning visibility and attack surface reduction
Deception Technology: Credentials, Active Directory objects, and data concealment
Endpoint Security: Credential theft, privilege escalation, and lateral movement detection
Ransomware Protection: Prevent Active Directory exploitation to prevent ransomware distribution and loss of domain control
Vulnerability Management: End-to-end visibility of credential and Active Directory exposures and excessive cloud provisioning
Link: https://www.businesswire.com/news/home/20220210005771/en/Attivo-Networks-Innovations-in-Identity-Security-Snap-up-6-Golds-at-the-2022-Cybersecurity-Excellence-Awards
Market is forecast to reach $42.5 billion by 2027, growing at a CAGR of 52.5% from 2022 to 2027
Industry Arc
Key Takeaways
North America dominated held the major market share of 30% in 2021.
This is mainly attributed to increasing GDP, rapid growth in the financial and retail sectors and others.
Growing cases of cyber-attacks, security threats, IoT and connected device vulnerabilities, and developing pressure from cybersecurity laws positively impacts the market growth.
The rising use of cloud technologies has increased the demand for a comprehensive network security solution among businesses.
By Deployment type, Network Security Sandbox market is segmented into Standalone Solution, Integrated Solution.
Integrated Solution segment is estimated to witness significant market growth with CAGR 49.5% during the forecast period 2022-2027.
Retail segment is anticipated to witness significant amount of growth with CAGR of 51.3% during the forecast period 2022-2027.
North America dominated the market by a market share of approximately 30% in 2021.
Network Security Sandbox Market Drivers
Rising security needs of corporate networks against advanced malware and security breaches tends to drive the market growth for Network Security Sandbox
Integration of IOT causing cyber-attack risk which is analyzed to propels the market growth for Network Security Sandbox
Network Security Sandbox Market Challenges
Lack of Expertise and Skills act as hindrance to the market growth for Network Security Sandbox Market
According to report of ESG and the Information Systems Security Association (ISSA) 2019, only 7% of cybersecurity professionals claim that their organization has improved its position relative to the cybersecurity skills shortage over the past few years.
Alternatively, 45% say that things have gotten worse while 48% believe things are about the same today as they were in the past.
Hence, the lack of skilled experienced workers will hinder the market growth in the forecast period 2022-2027.
Link: https://www.industryarc.com/Research/Network-Security-Sandbox-Market-Research-504101?utm_source=ABNewswire&utm_medium=PressRelease&utm_campaign=PaidPressRelease
SecureAuth Welcomes Paul Trulove as Chief Executive Officer to Accelerate Growth in the Identity and Access Management Market
Business Wire
IRVINE, Calif.–(BUSINESS WIRE)–SecureAuth, a leader in identity and access management, announces Paul Trulove as the Chief Executive Officer (CEO) and Mandeep Khera as the Chief Marketing Officer (CMO).
These executive appointments build upon SecureAuth’s recent acquisition of Acceptto and the strong foundation in identity that enterprises have come to rely on for more than a decade at SecureAuth.
Trulove has over 15 years of experience in identity and access management, notably in helping establish SailPoint as a market leader in identity governance, most recently serving as the Chief Product Officer.
Prior to joining SailPoint, he successfully launched a wide variety of new products and services at companies such as Newgistics, Sabre, Inc., and Pervasive Software.
Link: https://www.businesswire.com/news/home/20220209005350/en/SecureAuth-Welcomes-Paul-Trulove-as-Chief-Executive-Officer-to-Accelerate-Growth-in-the-Identity-and-Access-Management-Market
Cloudflare reports $656 million revenue in 2021, strong Q4
Jonathan Greig
ZD Net
Network security and content delivery network provider Cloudflare this afternoon reported Q4 revenue that topped expectations and profit that narrowly beat Wall Street’s forecast.
- Revenue in Q4 rose 54%, year over year, to $193.6 million, yielding an EPS of $0.00.
- Analysts had been modeling $184.7 million and and a loss per share of -$0.01.
- The report sent Cloudflare shares up nearly 7% in late trading.
- For the full year, the company saw a revenue of $656.4 million, a 52% year-over-year increase, and a non-GAAP net loss of $15.1 million.
LogRhythm Partners with Pareto to Support Greater Cybersecurity Insight and Expertise in the UK
IT Security Wire
LogRhythm, the company powering today’s security operations centres (SOCs), has partnered with the world’s largest assessment, placement and training provider, Pareto, to bridge the critical skills gap within the cybersecurity industry.
Pareto’s apprenticeship scheme will enable LogRhythm to achieve its vision of becoming a career opportunities leader and strengthen its threat detection and mitigation capabilities for its UK customers by harnessing a wider pool of talent.
Link: https://itsecuritywire.com/news/logrhythm-partners-with-pareto-to-support-greater-cybersecurity-insight-and-expertise-in-the-uk/
Armorblox and Coalition Partner to Protect Organizations from Targeted Email Attacks and Cyber Threats
vm Blog.com
Armorblox and Coalition announced a partnership offering an innovative end-to-end solution to customers that combines best-in-class email security and cyber insurance to protect organizations from cyber threats such as business email compromise (BEC), email account compromise (EAC), and phishing attacks.
Link: https://vmblog.com/archive/2022/02/08/armorblox-and-coalition-partner-to-protect-organizations-from-targeted-email-attacks-and-cyber-threats.aspx
Business Sun
SUNNYVALE, Calif.–(BUSINESS WIRE)–Celestial AI, an AI-accelerator company with a proprietary hardware and software platform for machine learning chipsets, today announced a $56 million Series A investment led by Koch Disruptive Technologies (KDT) with participation from Temasek’s Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand, and venture capital investor in the Princeton University ecosystem, Fitz Gate.
The new capital will be used for expanding the global engineering team, product development and strategic supplier engagements, including Broadcom, to build the company’s Orion AI accelerator products.
Celestial AI’s mission is to fundamentally transform the way computing is done with a new processing system, based on their proprietary Photonic Fabric™ technology platform, that uses light for data movement both within chip and between chips.
Celestial AI’s Photonic Fabric enables optically addressable memory and compute (within chip and chip-to-chip) that decouples their technology from the limitations of electronics and slowdown of Moore’s Law.
Asia Pacific is expected to be the highest growing region in the forecast period.
The market in this region is projected to grow at a CAGR of 8.7% in the forecast period.
Rise in industrialization and a boom in automation in countries like China and India would play a crucial role in the growth of the industrial cybersecurity market in this region.
SCADA encryption solutions is projected to grow at highest grate of CAGR 8.59% during the forecast period.
The encryption of sensitive and confidential data by industries is required to make sure that their internal data information is not getting into the hands of an unauthorized personnel who may make use of the accessed data to the disadvantage of an organization and thus resulting in the organization’s loss.
The oil and gas industries would have the growth rate of 8.5% in the forecast period.
As the industry of oil and gas is attempting to increase its operational efficiency with the help of automation, the risk of cybersecurity has also increased.
Information related to exploration of oil and gas, investment information, information on bidding amounts and various other information related with intellectual property may be stolen by means of cyber-attack and make a company lose its competitive advantage
North America would be the region to hold the largest share of the market and would grow at a rate of CAGR 8.35% during the forecast period.
In terms of adoption of latest technological developments North America has always been at forefront and with adoption of machine to machine communication came the threat of industrial cyber-attacks.
Further, countries in this region mainly US and Canada are make huge investment to ensure security from industrial cyber threats which in turn, would propel the market for industrial cyber security in this region.
Link: https://www.businesssun.com/news/272278562/industrial-cybersecurity-market-is-expected-to-reach-usd-36255-billion-by-2028
Canonic Security Emerges From Stealth With $6 Million and SaaS App Sandbox
Kevin Townsend
Security Week
Tel Aviv, Israel-based Canonic Security has emerged from stealth with $6 million seed funding from investors including First Round Capital, Elron Ventures, SV Angel and Operator Partners.
The company provides a third-party app governance platform powered by an app sandbox.
The Canonic solution is to sandbox the third-party apps before they connect to the customers’ approved IT applications.
Its app governance platform has sandboxed tens of thousands of apps across industries including healthcare, defense and software organizations.
The Canonic platform seeks to eliminate the inherent contradiction between composability and cybersecurity.
The platform streamlines third-party app reviews.
- Is the app over-privileged, demanding permissions it doesn’t require.
- Is it really what it says it is.
- Has it been compromised.
- What does it connect to or from, and how?
Link: https://www.securityweek.com/canonic-software-emerges-stealth-6-million-and-saas-app-sandbox
BlackFog Welcomes David Schnurstein as Director of Threat Intelligence
Darren Williams
Security Boulevard
Cheyenne, Wyoming – February 9, 2022– BlackFog, the leader in on-device data privacy, data security and ransomware prevention, today announced it has expanded its leadership team by adding David Schnurstein as Director of Threat Intelligence.
This new role will support the company as it enters a new period of increased momentum and growth.
Prior to joining BlackFog, Schnurstein spent more than two decades in a number of positions in law enforcement, most recently serving as the Captain and Commander of the Emergency Communications, Records and Technology Division with the Grand Rapids, Michigan Police Department.
During his time at the GRPD, Schnurstein was also designated the local Chief Security Officer where he was responsible for ensuring GRPD was in compliance with the State of Michigan and FBI Criminal Justice Information Services security policy, as well as ensuring the security of law enforcement data and networks.
Link: https://securityboulevard.com/2022/02/blackfog-welcomes-david-schnurstein-as-director-of-threat-intelligence/
Automotive Cybersecurity Market to Reach $32.41 Billion, Globally, by 2030 at 16.6% CAGR: AMR
Cision PR Web
PORTLAND, Ore., Feb. 9, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Automotive Cybersecurity Market by Offering (Software and Hardware), Security Type (Application Security, Network Security, and Endpoint Security), Application (ADAS & Safety, Body Control & Comfort, Infotainment, Telematics, Powertrain Systems, and Communication Systems) and Form (In-Vehicle and External Cloud Services): Global Opportunity Analysis and Industry Forecast, 2021–2030.” As per the report, the global automotive cybersecurity industry was pegged at $7.23 billion in 2020, and is expected to reach $32.41 billion by 2030, growing at a CAGR of 16.6% from 2021 to 2030.
By offering, the software segment held the largest share in 2020, accounting for more than four-fifths of the global automotive cybersecurity market.
In addition, the segment is expected to register the highest CAGR of 16.7% during the forecast period, due to high demand for software solutions for enhancing safety of different vehicles components vulnerable to malware attacks.
By security type, the application security segment would showcase the highest CAGR of 17.4% from 2021 to 2030.
By region, the market across North America held the lion’s share in 2020, accounting for more than one-third of the global automotive cybersecurity market, due to large-scale sales of connected cars in the region.
However, the market across Asia-Pacific would showcase the highest CAGR of 18.0% from 2021 to 2030, owing to the favorable government policies supporting the connected car technology and high security in automobiles against cyber-attacks.
Link: https://www.prnewswire.com/news-releases/automotive-cybersecurity-market-to-reach-32-41-billion-globally-by-2030-at-16-6-cagr-amr-301478540.html