Security, observability and search vendor Elastic will shrink its workforce by 13% due to small and medium businesses reducing their purchases amid the economic downturn. Elastic will lay off nearly 400 of its 3,056 employees as it adopts an automated, low-touch motion for SMB customers.
Open Systems has purchased an early-stage Microsoft-centric MSSP to help automate investigating, triaging and responding to basic security alerts. The Silicon Valley-based MDR provider says its acquisition of U.K.-based Tiberium will free up security analysts to focus on preventative defenses.
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.
Security operations stalwart Arctic Wolf has taken on more than $400 million in debt to pursue acquisitions in the cloud, SIEM, endpoint and XDR markets. The money will fuel an upcoming launch in the Asia-Pacific region and expansion in markets such as South Africa, Benelux and the Nordics.
Identity protection, XDR, data analytics and cloud security have been SentinelOne's biggest investment areas, says CEO Tomer Weingarten. Cloud has become the fastest-growing part of SentinelOne's business, appealing even to customers who might have chosen a different vendor for endpoint security.
Sumo Logic has sharpened its ability to help customers improve their security posture since going public two years ago, says President and CEO Ramin Sayar. Enterprises want to drive more SOC automation, while smaller firms seek more visibility into the infrastructure, he says.
SIEM can play a key role in aggregating log data for compliance or auditing purposes, but when it comes to identifying threat activity in an IT environment, nothing beats XDR, which excels at using advanced techniques to pinpoint threats in high volumes of data, says Secureworks' Ryan Alban.
Companies continue to struggle with prioritizing which vulnerabilities present the greatest risk to the business and need to be remediated first since vulnerability scoring is too often based on a static set of what could happen if an issue is exploited, says Qualys President and CEO Sumedh Thakar.
Security executives at Black Hat USA 2022 discuss the latest cybersecurity trends from confidential computing and unified threat hunting languages to attack surface management and recovery services, social engineering campaigns and blockchain vulnerabilities.
An open architecture, a single pane of glass and robust endpoint security are vital to fueling Trellix's growth in XDR, says Chief Product Officer Aparna Rayasam. Trellix has given customers a unified view into their security posture for configuration, reporting and forensic purposes.
Combining the back-end data analytics of Google Chronicle with Mandiant's ability to identify signals of abnormal behavior on the front-end is an unbeatable combination, John Watters says. Google agreed in March to purchase threat intelligence and incident response titan Mandiant for $5.4 billion.
President and CEO Hatem Naguib expects Barracuda Networks to pursue more midmarket growth opportunities in both North America and internationally under private equity firm KKR's tutelage. The company will move from Thoma Bravo to KKR's control for a reported $4 billion in a deal announced in April.
In this episode of "Cybersecurity Unplugged," Yonatan Khanashvili describes in detail how Golden Security Assertion Markup Language attacks occur and how SOC platforms with much greater capacity to cross-correlate data than legacy SIEMs can help defenders detect and hunt for them.
The company ePlus has purchased Future Com to strengthen its security operations strategy and support of managed services. The deal will allow ePlus to help customers evolve their security operations teams from correlating and analyzing logs to delivering advanced capabilities like threat hunting.
Swimlane has raised $70 million to expand its clientele beyond the Fortune 2000 and acquire more customers in Europe and Asia-Pacific. The company plans to hire more personnel focused on sales, marketing and partnerships to make the company's low-code security automation platform accessible.