Summa Equity bought a majority stake in Logpoint to help the security operations firm expand in areas such as automation, detection and response, and attack surface management. The sustainable growth fund says the acquisition will allow the company to acquire technologies in adjacent areas.
As U.S. prosecutors continue to probe collapsed cryptocurrency exchange FTX, Nishad Singh, the former head of engineering, has pleaded guilty to multiple criminal charges and agreed to assist prosecutors with their case against founder Sam Bankman-Fried, accused of orchestrating billions in fraud.
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.
For the first time in its 17-year history, application security vendor Checkmarx will have a new leader. The company has tapped Sandeep Johri, the longtime chief executive at software testing vendor Tricentis, to serve as its new CEO less than two years after being acquired by Hellman & Friedman.
Wiz has become the most valuable venture-backed cybersecurity vendor in the world, raising $300 million on a $10 billion valuation just three years after its founding. The New York-based startup will use the Series D proceeds to guard more complex cloud environments and fulfill robust global demand.
The Asia-Pacific region had the dubious distinction of being the global region that faced the most cyberattacks during 2022, as observed by IBM's threat intelligence platform. IBM says the region accounted for 31% of all incidents monitored during 2022.
Intel 471 has promoted second-in-command Jason Passwaters to CEO and tasked him with onboarding less-mature security organizations for narrower use cases. The company plans to land more threat intelligence customers by focusing on areas such as vulnerability management and patch prioritization.
Cybercrime experts have long urged victims to never pay a ransom in return for any promise an attacker makes to delete stolen data. That's because, as a recent case highlights, whatever extortionists might promise, stolen personal data is lucrative, and it often gets sold six ways from Sunday.
Embedding OpenAI technology in Microsoft Bing will help both hackers and cyber defenders. The AI tool could make it easier for hackers to drive traffic to malicious sites, avoid search engine blocking and distribute malware, but it could also help security teams with code analysis and threat intel.
Every week, Information Security Media Group rounds up cybersecurity incidents in the world of digital assets. This week, we look at incidents at Hope Finance, decentralized finance firm new malware demanding crypto and a phishing campaign aimed at Coinbase.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.