Firewall maker Check Point Software in an earnings call touted a strong fourth quarter - and a future that won't involve co-founder Gil Shwed as company CEO. Shwed has headed the publicly traded, $19 billion Israeli pure-play cybersecurity company for three decades.
Ukraine's security intelligence chief said Russian hackers had been responsible for severing internet access and mobile communications from telecom operator Kyivstar in December, after compromising the firm's network months ago. He said the "disastrous" cyberattack had wiped "almost everything."
Fortinet plans to shift its R&D and go-to-market investments to the faster-growing SASE and security operations segments as growth slows in the network security market. The company expects "more modest growth" in the near term given that 70% of Fortinet's billings today come from network hardware.
A Chinese hacking group linked to state authorities has upgraded its capabilities to target companies with headquarters in the United States and East Asia, warns an alert from Japanese and American cyber agencies. The group, BlackTech, has a customized firmware backdoor tailored for Cisco routers.
Perimeter 81's ease of deployment and embrace of a cloud-based architecture made it stand apart from other secure remote access offerings, according to Check Point Software CEO Gil Shwed. The deal will help Check Point build a scalable network foundation that extends to thousands of users.
Chinese espionage hackers behind an eight-month campaign to hack Barracuda email security appliances intensified their focus on high-priority targets around the time the company moved to fix the zero-day flaw behind the campaign. A custom backdoor suggests China was prepared for remediation efforts.
A delay in finalizing enterprise deals and a shorter average contract duration have forced Fortinet to lower its sales forecast going forward. The Silicon Valley-based platform security vendor said average contract length shortened from 29.5 months to 28 months in the fiscal quarter ended June 30.
The proposed $2.45 billion sale of Forcepoint's government security business to TPG will fuel investment and growth for both public sector and commercial customers, CEO Manny Rivelo said. Forcepoint determined that its government practice would benefit from an additional set of investments.
Security appliance manufacturers SonicWall and Fortinet fixed multiple critically rated vulnerabilities in their network security products this week. The fixes include authentication bypass flaws that could result in exposure of sensitive information. Regulators urge users to patch soon.
Service providers typically lack the skills and large security teams needed to thwart complex and high-volume cyberattacks on their own, said A10 Networks CEO Dhrupad Trivedi. MSPs telecom and cloud providers struggle to assess the scale of cyber incidents and to detect and remediate them.
A growing number of security teams are looking to consolidate tools to simplify operations, said Gartner analyst Dionisio Zumerle. "When you have the complexity, it's very hard to identify misconfigurations between the different overlapping tools, and it's also hard to identify security gaps."
A service selling DDoS disruptions via a Mirai-based botnet called Condi is the latest to target consumer-grade Wi-Fi routers made by TP-Link with firmware not yet patched to fix a known flaw. Unusually, a recently spotted sample of Condi has been stripped down to target only that flaw.
Small and midsize businesses need proactive measures to ensure security just as much as any large organization. But challenges abound for SMBs as they struggle with a smaller staff and budget constraints, making them more vulnerable to cyberattacks, said SonicWall President and CEO Bob VanKirk.
Check Point's product sales have taken their biggest nosedive since 2018 as customers extend sales cycles and postpone projects while prospects decline to buy new products. The company said businesses have increasingly delayed product refresh projects since November in an effort to tighten budgets.
The way we secure workloads today is vastly different due to remote work and the move to the cloud following the pandemic. More modern SASE solutions such as zero trust have been adopted, and organizations are moving from legacy such as MPLS to software-defined networking and cloud-based solutions.