Proofpoint landed top VMware lieutenant Sumit Dhawan as its new chief executive just days after the cloud and virtualization giant was acquired by Broadcom. The Silicon Valley-based email security firm said it liked Dhawan's track record of building security, cloud and end-user computing businesses.
Proofpoint has agreed to purchase a cloud email security provider founded by HSBC, RBS, Santander and UBS alumni to apply artificial intelligence to evolving threats. The proposed acquisition of Boston-based Tessian will help Proofpoint address common forms of data loss including data exfiltration.
Proofpoint will have its third CEO since March 2022 after tapping recently hired CFO Remi Thomas to become its interim top leader. The company selected Thomas to replace Ashan Willy, who started as Proofpoint's CEO just 19 months ago and is exiting to pursue an opportunity outside cybersecurity.
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
The cyber insurance landscape has evolved significantly over the last 10 to 15 years. Initially, renewals were relatively straightforward, but with the rise of cyberthreats such as ransomware, the market has shifted dramatically to reduce risk exposure.
Fortra has pursued acquisitions in the infrastructure protection, data protection, and digital risk and email protection markets to help customers improve security posture. CEO Kate Bolseth said clients told Fortra they had challenges within segments such as security awareness and managed services.
Michigan-based academic medical provider Henry Ford Health is notifying nearly 170,000 individuals that their protected health information was breached in a recent phishing scam that compromised three employees' email accounts. Henry Ford Health said the incident occurred on March 30.
Suspected Chinese hackers gained access to senior U.S. officials' emails by exploiting a zero-day vulnerability in Microsoft's cloud environment. While Microsoft said customers couldn't have prevented the attack, the U.S. government says logging was key to spotting it.
Researchers are warning of an uptick in attacks using a series of malicious Microsoft Office documents designed to drop LokiBot, an information stealer capable of sweeping up credentials. LokiBot has been active since 2015 and specializes in information stealing through malicious email attachments.
Security researchers say a slight modification to a Microsoft Exchange zero day attack used by Russian state hackers can bypass a patch the computing giant introduced in March. Microsoft patched the modified attack during this month's dump of fixes, rating the bug as "important" but not "critical."
Business email compromise, end-user education, forensic archiving and recovery can be confounding to SMBs that lack the resources for a traditional secure email gateway. The rise of cloud-based email offerings means that SMBs can now get the same level of email protection without using a gateway.
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
Cyren plans to cease operations and pursue liquidation after the email security and threat detection vendor failed to sell assets or raise more capital. The company terminated the employment of all remaining workers, commenced a bankruptcy proceeding in Israel and told Nasdaq to delist the company.
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.
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