Forescout Technologies, an industry player in automated cybersecurity, announced the launch of Forescout Frontline, a new threat hunting service utilising a team of highly-trained cybersecurity analysts to support cybersecurity teams by proactively identifying risks, enabling accelerated incident response, and maturing security posture.
The Verizon Business 2022 DBIR examines an unprecedented year in cybersecurity, and sheds light on some of the leading issues affecting the international cybersecurity landscape. Of particular concern is the alarming rise in ransomware breaches, which increased by 13% in a single year - representing a jump greater than the past 5 years combined. As criminals look to leverage sophisticated forms of malware, it is ransomware that continues to prove particularly successful in exploiting and monetising illegal access to private information.
In the past year, research indicates that nearly a third of organisations have accelerated their plans to automate key security and IR processes, whilst another 85% plan on automating them in the next 12 months. Despite the positivity of these statistics, many organisations struggle to change to a more automated process. This was highlighted at a recent webinar we held with a panel of senior cybersecurity experts from a multitude of sectors.
There has never been a more serious cyber threat environment, and Aussie firms need to act to ensure they’re doing everything they can to mitigate the risks. Australian companies need to garner an environment of trust and not fear within their workforce, encourage employees to come forward if they make a mistake, and ensure training is accessible and engaging.
Cloudflare, Inc., the security and reliability firm helping to build a better Internet, announced it has joined the EU Cloud Code of Conduct (EU Cloud CoC) General Assembly, to raise the impact of trusted ecosystem and encourage firms to adopt GDPR-compliant cloud services. Cloudflare also announced that it has achieved two cloud security certifications: ISO/IEC 27018:2019 and C5 – Cloud Computing Compliance Criteria Catalog – by the Federal Office for Information Security in Germany. The EU Cloud Code of Conduct brings trust to the cloud computing market, aiding firms to source cloud services from GDPR-compliant providers.
A few years ago, Cathay Pacific suffered a lapse in data security, affecting the personal data of an estimated 9.4 million people. Along with the questions it raised around the effectiveness of cybersecurity for all firms, a top international law firm noted another effect: an uptick in interest in collective redress, a type of representative action resembling a class action lawsuit.
Willyama Services a sovereign Australian, Indigenous and veteran owned tech company has launched a new subsidiary business named Willyama Cyber. Willyama Cyber was launched at their Canberra headquarters by Andrew Barr, Chief Minister for the Australian Capital Territory.
CyberArk, a player in Identity Security, announced the launch of CyberArk Ventures – a $30 million global investment fund designed to empower the next generation of disruptors solving complex security challenges with innovative technology. CyberArk has initially aligned with four Venture Capital investors: Venrock, YL Ventures, Team8 Capital and Merlin Ventures.
Veza, a data security platform built on the power of authorization, announced it is emerging from stealth. Veza, founded in 2020, announced funding of over $110m from top VCs. The venture firms included; Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, and True Ventures, as well as angel investments including Kevin Mandia, Founder and CEO, Mandiant; Enrique Salem, former CEO, Symantec and Partner, Bain Capital; Lane Bess, former CEO, Palo Alto Networks; Manoj Apte, former CSO, ZScaler; Joe Montana, Liquid2 Ventures; and, security leaders Niels Provos, Karthik Rangarajan, and many more.
Onapsis, a cybersecurity and compliance firm, announced the appointment of Simon Naylor as Vice President, APAC. Naylor will be responsible for driving business growth in Asia Pacific. Naylor has more than 30 years’ experience leading sales for high tech solutions in Asia Pacific and a strong track record for rapidly growing revenues. Most recently he served as Vice President, Asia Pacific and Japan at Brightcove, and before that he helped build the organizations in the Asia Pacific region for Extreme Networks and Riverbed Technology.