Search Results for “CRN”


April 8, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Accenture Acquires Operational Technology Startup Revolutionary Security to Help Critical Infrastructure Companies Mitigate Risk

Irish CRN solution provider Accenture has purchased operational technology security startup Revolutionary Security to help organizations with critical infrastructure prioritize actions that mitigate cyber risks within their enterprise. The Blue Bell, PA-based Revolutionary Security offers assessment and testing services, the ability to design and build security programs and functions, as well as security operations across clients’ IT and OT systems. The deal, for which financial terms were not disclosed, is aimed to help Accenture’s push to triple the size of its critical infrastructure and OT security business over three years.

May 22, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Security Vendor Forescout Sues Private Equity Firm Advent International for Backing Out of $1.9 Billion Acquisition Deal

Cybersecurity vendor Forescout is suing private equity firm Advent International for allegedly violating the terms of their US$1.9 billion acquisition agreement. A week ago Advent told Forescout it wouldn’t move forward with the deal due to “a material adverse effect.” Forescout said their agreement with Advent explicitly called out the risk of any impacts from the coronavirus pandemic. Forescout, therefore, argues in a complaint filed Tuesday with the Delaware Court of Chancery that no material adverse effect has occurred, that all closing conditions are satisfied, and that Advent is obligated to close the transaction.

April 29, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Rapid7 to Buy Cloud Security Posture Management Startup DivvyCloud for $145 Million

Cybersecurity firm Rapid7 has agreed to buy cloud security posture management startup DivvyCloud for $145 million to help organizations bring their security and DevOps teams together. Arlington, VA.-based DivvyCloud says it can help customers protect cloud and container environments from misconfigurations, policy violations, external and internal threats, and identity and access management challenges. DivvyCloud was founded in 2013, employs 76 people, and has raised $28.9 million of outside funding, according to LinkedIn and Crunchbase. The company closed a $20 million Series B round in April 2019, led by Providence Strategic Growth.

March 7, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Accenture Buys Cybersecurity Firm Context Information Security From British Aerospace and Defense Giant Babcock for $139 Million

Accenture has purchased London, UK-based 250-person firm cybersecurity firm Context Information Security for $139 million in a bid to help government organizations and financial institutions respond to the threat of advanced cyberattacks. Accenture purchased Context from British aerospace and defense giant Babcock International Group, according to a regulatory filing from Babcock. Context had gross assets of $46.9 million as of September 30, 2019, and an operating profit of $2.6 million for the fiscal year ended March 31, 2019.

May 18, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Cybersecurity Firm Forescout’s Stock Price Plunges as Advent International Postpones Acquisition Closure and Fortinet Files Patent Suit

Boston-based private equity firm Advent International told San Jose-based cybersecurity firm Forescout that it would not be closing its $1.9 billion acquisition today as had been scheduled due to the uncertainty and challenges created by the COVID-19 pandemic. Forescout President and CEO Michael DeCesare said in a statement that his firm continues “to believe that Advent is the right partner for Forescout, and we remain committed to completing the transaction in the near-term.” Advent notified Forescout of its decision on the same day that Sunnyvale, Calif.-based Fortinet sued Forescout in U.S. District Court for allegedly violating three patents. Forescout’s stock plunged 20% on the news of the merger’s uncertainty.

March 9, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Network Security Vendor WatchGuard Technologies Agrees to Buy AI-Driven Endpoint Protection Company Panda Security

Seattle-based network security vendor WatchGuard Technologies has agreed to buy Bilbao, Spain-based Panda Security in an acquisition deal intended to combine network and endpoint technologies in a centralized management function. Terms of the agreement, which is expected to close in Q2 2020, were not announced. According to Panda Security, its endpoint protection platform is powered by automated, AI-driven processes as well as security analyst-led investigation services.

April 9, 2020
Michael Novinson / CRN

Michael Novinson / CRN  
Cloud Security Company Zscaler to Buy Cloud Security Posture Management Company Cloudneeti

San Jose, Calif.-based cloud security company Zscaler has agreed to purchase cloud security posture management startup Cloudneeti. Terms of the deal were not disclosed, but the acquisition is expected to close by the end of the month. Redmond, WA-based Cloudneeti was founded in 2017 and works with managed service providers and risk advisors to deliver cloud security assessments, DevSecOps, and security and compliance assurance in the cloud.

April 19, 2020
Lawrence Abrams / Bleeping Computer

Lawrence Abrams / Bleeping Computer  
Major IT Company Cognizant Has Been Hit by Maze Ransomware

Multibillion-dollar IT services company Cognizant said its computer systems had been disrupted by Maze ransomware and that the company is taking active steps to contain the incident. Cognizant has clients in the oil and gas industries as well as major pharmaceutical firms and restaurant chains. The company said it notified clients of the incident and shared  “indicators of compromise” so that they could defend against the malicious activity. Maze operators always steal unencrypted files before encrypting them, the release of which are used to threaten victims into paying the ransom.

Related: The Economic Times, Reuters, GBHackers On Security, Cybersecurity Insiders, Security Affairs, Reddit – cybersecurity, Bloomberg Technology, CRN, Cyberscoop, The Financial Express, NewsBytes App, iTnews – Security, Business Standard, TWCN Tech News, Techworm, Dark Reading: Threat Intelligence, Naked Security, TechTarget, HOTforSecurity, Slashdot, Dark Reading: Threat Intelligence, SC Magazine, Threatpost, TechTarget

Tweets:@VK_Intel

The Economic Times: Cognizant hit by ‘Maze’ ransomware attack
Reuters: Cognizant hit by ‘Maze’ ransomware attack
GBHackers On Security: IT Services Giant Cognizant Hit by Maze Ransomware Cyber Attack
Cybersecurity Insiders: Maze Ransomware attack on Cognizant
Security Affairs: Are Maze operators behind the attack on the IT services giant Cognizant?
Reddit – cybersecurity: Major Technology Service provider (Cognizant) with 300,000 employees hacked
Bloomberg Technology: IT Services Giant Cognizant Attacked by ‘Maze’ Ransomware – Bloomberg
CRN: Cognizant And Its Customers Hit By Maze Ransomware
Cyberscoop: IT services firm Cognizant hit with Maze ransomware
The Financial Express: Cognizant hit by ‘Maze’ ransomware attack
NewsBytes App: #WeeklyRecap: OnePlus 8, iPhone SE launched, Cognizant hacked, and more
iTnews – Security: Cognizant hit by ‘Maze’ ransomware attack
Business Standard: Cognizant hit by ‘Maze’ ransomware attack amid coronavirus crisis
TWCN Tech News: IT services giant Cognizant suffers Maze ransomware attack
Techworm : IT Services Giant Cognizant hit by ‘Maze’ ransomware, Clients Face Disruptions
Dark Reading: Threat Intelligence: IT Services Firm Cognizant Hit with Maze Ransomware
Naked Security: Maze ransomware hits US giant Cognizant
TechTarget: Cognizant discloses Maze ransomware attack
HOTforSecurity: IT services giant Cognizant hit by Maze ransomware attack
Slashdot: Cognizant Confirms Maze Ransomware Attack, Says Customers Face Disruption
Dark Reading: Threat Intelligence: IT Services Firm Cognizant Hit with Maze Ransomware
SC Magazine: Maze ransomware attack catches IT services firm Cognizant unawares
Threatpost: Maze Ransomware Attack Hits Cognizant
CRN: Cognizant Breach: 10 Things To Know About Maze Ransomware Attacks
ARN: Cognizant weathers service disruptions after ‘Maze’ ransomware attack
Graham Cluley: IT services giant Cognizant hit by Maze ransomware attack
Threatpost: Maze Ransomware Attack Hits Cognizant
TechTarget: IT services company Cognizant warns customers after ‘Maze’ ransomwa…

@VK_Intel: High alert related to the yet another ransomware attack perpetrated by the Maze group possibly affecting @Cognizant . Reviewing & mitigating against the usual Maze TTPs (including RDP + remote services as an attack vector) is advisable. ?Pushed #YARA?? https://github.com/k-vitali/Malware-Misc-RE/blob/master/2020-04-18-maze-ransomware-unpacked-payload.vk.yar


May 21, 2020
Ina Fried / Axios

Ina Fried / Axios  
Pentagon Awards Google Seven-Figure Contract to Conduct Pilot Trial of Multi-Cloud Security Gateway

In what is said to be a seven-figure deal, the Pentagon’s innovation arm, the Defense Innovation Unit, awarded Google Cloud a contract to build a multi-cloud security gateway that will hunt and respond to cyber threats. The pilot contract will focus on implementing zero-trust security in a multi-cloud environment. The goal for the Pentagon is to enhance its security and control when accessing commercial cloud services, without impacting performance and usability, according to one spokesperson. The project will be integrated into existing managed services and scale to service more than 500 users and 1,000 endpoints in the prototype phase.

Related: Reuters, Silicon UK, Silicon Angle, POLITICO, ZDNet, Techradar, Tech Insider, CRN, FCW, ETTelecom.com, Google


May 7, 2020
Ruti Levy and Refaella Goichman / Haaretz

Ruti Levy and Refaella Goichman / Haaretz  
Microsoft Is Expected to Buy Industrial Cybersecurity Firm CyberX for $165 Million, Sources

Microsoft is expected to announce in the next few days that it has signed a deal to acquire the Israeli industrial cybersecurity startup CyberX for what sources say will be $165 million, according to sources. The two companies are getting signatures on the deal from all of CyberX’s shareholders.  Since its founding in 2013, CyberX has raised $48 million from investors, most recently in April 2019, at a company valuation of $110 million after the funding. CEO Omer Schneider and Nir Giller, general manager and chief technology officer, both of them veterans of the Israel Defense Forces encryption unit.