The world's largest cybersecurity vendor continues to pull away from the competition. Microsoft's security sales surpassed $20 billion in 2022 after 33% annual growth. The cloud computing and software giant continues to reap the rewards of security tool consolidation.
Sophos will execute the second-largest round of layoffs of any security company in the current economic downturn, axing 450 workers amid a shift to MDR services. Sophos plans to reduce its staff by 10% in a move to balance growth and profitability in a challenging and uncertain economic environment.
A member of a criminal data breach forum that tried to sell the email addresses of 400 million Twitter users to CEO Elon Musk last month has now posted the stolen data for anyone to download for free. The 63GB of data includes names, handles, creation dates, follower counts and email addresses.
Acquiring Area 1 Security has allowed Cloudflare to extend its network protection capabilities from DDoS attacks to phishing emails, says co-founder and CEO Matthew Prince. Area 1's technology means customers will enjoy a better rate of detection with fewer false positives than legacy offerings.
Permira's $5.8 billion acquisition of Mimecast has allowed the email security vendor to make product and technology investments that don't provide an immediate financial return. Several buyers expressed interest in taking Mimecast private, and CEO Peter Bauer is glad the firm ended up with Permira.
All employees should consider upholding the security of the organization part of their job regardless of their official role at the company, says Equifax Business Information Security Officer Michael Owens. But creating an organization-wide cybersecurity culture is easier said than done.
With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.
Emails encrypted through Microsoft Office are vulnerable to attacks that can reveal the original content of messages due to shortcomings in the protocol, says WithSecure security researcher Harry Sintonen. Microsoft says it may finally abandon its use of the Electronic Code Book algorithm.
A phishing and fraud prevention vendor has bought a startup founded by Qualys' longtime engineering leader to help organizations more effectively discover and monitor assets. Red Sift says its purchase of Hardenize will help customers assess the security of their digital asset inventory.
Vista Equity Partners and KnowBe4 have struck a deal to take the security awareness giant private for $4.6 billion in this week's second massive security acquisition. The agreement comes after the Austin, Texas-based investment firm upped its offer by $380 million, or nearly 4%, to $24.90 per share.
A Georgia-based cancer testing laboratory has reported to federal regulators a phishing breach affecting the sensitive information of nearly 245,000 individuals. It is the lab's second hacking breach affecting hundreds of thousands of individuals reported over the last six months.
Whether for profit or in furtherance of Russian geopolitical interests - or both - former members of the Conti ransomware group have been targeting networks operated by the Ukrainian government and businesses, as well as European nonprofit organizations, Google's Threat Analysis Group reports.
CISO Marcin Szczepanik recalls when his team's budget was cut dramatically after the onset of the pandemic. He wanted to invest in the latest state-of-the-art tools but prioritized his costs and focused on email security - a move that improved the company's level of cyber maturity.
Why is business identity theft increasing, and what are the latest tactics fraudsters are using to scam businesses and gig workers? Eva Velasquez, CEO at the Identity Theft Resource Center, shares her views on how business identity theft has evolved over the years and how to prevent it.
Insurance market giant Lloyd's of London says that starting next year, its cyber insurance policies will no longer cover state-sponsored cyberattacks. But with attribution being inherently tricky, expect this move to be tested in court, says Jonathan Armstrong, a partner at Cordery law firm.
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