Splunk has executed its second round of layoffs since February, axing 7% of its workforce weeks after Cisco announced plans for a $28 billion acquisition. Splunk will reduce its 8,000-person staff by 7% or approximately 560 positions. Most of the jobs being cut are in the United States.
Two cybersecurity vendors are laying off a sizable chunk of their staff, with Exabeam axing 20% of its workforce and F-Secure cutting up to 70 employees. Exabeam eliminated roughly 134 positions this week, while F-Secure wants to shrink its workforce by nearly 14%.
Exabeam will have its third CEO since June 2021 after promoting Chief Product Officer Adam Geller to take over as its top leader. The security operations vendor elevated Geller to replace Michael DeCesare, 57, who joined Exabeam as president and CEO two years ago after leading Forescout for years.
According to the Forrester Wave issued in December 2022, the top challenge security analytics vendors face when bringing SIEM, SOAR and UEBA together is making it easy for customers to manage and maintain the offering, says Forrester analyst Allie Mellen.
Splunk has infused its SIEM with user behavior analytics and threat intelligence to better identify anomalies and understand what's going on in a customer's environment, says CEO Gary Steele. Adding UEBA to the SIEM makes it easier for organizations to identify, detect and remediate anomalies.
A surging Elastic has joined perennial stalwarts Splunk and Microsoft atop the Forrester Wave: Security Analytics 2022 report, toppling SIEM players Exabeam, Securonix and IBM. Elastic went from not even being mentioned in the December 2020 security analytics Forrester Wave to leading the industry.
Securonix has snagged longtime Ivanti, BMC Software and SAP executive Nayaki Nayyar as CEO to strengthen product capabilities and customer experience. One of a handful of female CEOs in the vendor community, she doubled Ivanti's total addressable market during her 30 months as president.
A surging Microsoft has leapfrogged to the top of the SIEM Gartner Magic Quadrant, catapulting past security operations stalwarts IBM, Splunk, Securonix and Exabeam. Microsoft has climbed from being named a visionary by Gartner last year to crushing the SIEM market in execution ability this year.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
The identity verification challenge for enterprises has become significantly more complicated due to mass digital transformation.
But behavioral analytics and anomaly detection, working together, can reduce both fraud and the friction that can come with traditional authentication methods.
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Today’s sophisticated cyberattacks combine multiple tactics that include social engineering, zero-day malware and 3rd party OAuth app abuse. Threat actors employ tactics across email, cloud and web that target specific people in your organization to breach your environment and access sensitive data. Hybrid work...
Alphabet's Google has purchased stand-alone security orchestration, automation and response vendor Siemplify for about $500 million in cash, to bolster the threat detection and response capabilities built into Google's Chronicle security analytics platform.
It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.