Software has increasingly relied on components developed by third parties or from open-source libraries, which Aqua Security CEO Dror Davidoff says injects additional risk. On-premises environments are still managed in more traditional ways, with the development and production phases totally siloed.
Organizations should build apps and design development workflows in a way that embraces how quickly cloud-native architectures change, says Snyk Solutions Engineer Iain Rose. Unlike traditional on-premises environments, containerized applications are designed to be ephemeral, Rose says.
The push to migrate applications to cloud-native architectures has driven increased use of containers and created the need for more security, says Veracode CEO Sam King. Veracode's expertise in application security helps the company identify open-source code and known vulnerabilities in containers.
Palo Alto Networks will make its first major acquisition in nearly two years, scooping up application security startup Cider Security for $250 million. The Silicon Valley-based platform security behemoth will fork over $194.6 million of cash as well as $55.4 million of replacement equity for Cider.
The traditional application development model that puts security checks at the end of the process creates needless friction that slows down organizations, says Snyk solutions engineer Matt Mintzer. Application security specialists need to build tracks rather than guardrails for development, he says.
A startup that was reportedly almost acquired by Palo Alto Networks for $600 million has instead raised $100 million to forge ahead on its own. App security vendor Apiiro plans to use the proceeds to strengthen its ability to analyze code and developer activities across the software supply chain.
In the latest weekly update, ISMG editors discuss the implications of the former Uber CSO's guilty verdict for the rest of the industry, the growing problem of keyless car theft, and the latest progress toward a passwordless future revealed at the annual FIDO Alliance conference.
Palo Alto Networks has scaled back its M&A ambitions, walking away from a $600 million deal for Apiiro in favor of buying Cider Security for $200 million. Palo Alto says it abandoned the negotiations over irreconcilable differences in the valuation of Apiiro's code risk platform business.
While vArmour has enjoyed success in banking, the U.S. government is now the fastest-growing part of its business. CEO Tim Eades says much of the government doesn't understand the relationships and dependencies among vArmour's applications or the consequences of an application going down.
Zscaler has bought out of stealth a startup established by the founders of Lacework to automate security management and dramatically reduce incident resolution time. ShiftRight will give customers real-time visibility into their security posture and help them manage an influx of risks and incidents.
Palo Alto Networks has been in a 19-month dry spell when it comes to major acquisitions, but it looks like that's about to change. Israeli business publication Calcalist reported Monday the firm is closing in on a deal to buy New York-based code risk platform provider Apiiro for around $600 million.
Kudelski Security has made a big investment into the blockchain and Web3 security spaces, leveraging a team of 25 to help translate the company's expertise around cryptography and application security into the nascent market, according to CEO Andrew Howard.
Lacework has used the $1.3 billion raised to strengthen its multi-cloud support, giving customers better visibility across development and production environments. The company is able to identify elusive threats and zero-day vulnerabilities by finding spikes in anomalous activity.
The impending recession should accelerate cloud adoption as firms look to reduce infrastructure costs, but these moves will introduce a new set of security challenges. Arctic Wolf Chief Product Officer Dan Schiappa predicts many companies will start building security into their applications sooner.
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