Two SIEM stalwarts completed a merger Wednesday that their CEO said will bring industry-leading capabilities to customers on-premises and in the cloud. LogRhythm and Exabeam will standardize on the latter's New-Scale cloud SIEM given the market traction it has enjoyed since its October 2022 debut.
Banks lose tens of billions of dollars every year to credit card fraud, bad checks and intentional loan defaults, but the main culprits are not third-party scammers. Most of these crimes are being committed by the bank's customers, making detection and prevention a formidable challenge.
While AI has spurred the growth of authentication controls, it has also enabled voice cloning and video deepfakes to become much more convincing. Fraud fighters are looking at adopting a multifactor authentication system using multimodal biometrics to fight against deepfakes.
Stu Sjouwerman, CEO, KnowBe4, and Tony Pepper, CEO, Egress, discuss KnowBe4's recent acquisition of Egress, how the integration enables advanced threat detection, evolving cybersecurity challenges, such as behavioral-based attacks, and future road map.
Permira has acquired a majority stake in BioCatch at a $1.3 billion valuation, solidifying the company's global expansion plans. The behavioral biometrics company is exploring mergers and acquisitions, aiming to expand into key markets while consolidating its position in online fraud detection.
Despite advances in endpoint security, Sergei Rousakov, chief security architect at LinkedIn, said the landscape remains complex. He said endpoint tools need to take a more integrated approach that includes identity and device context to truly protect against cybersecurity threats.
Splunk has executed its second round of layoffs since February, axing 7% of its workforce weeks after Cisco announced plans for a $28 billion acquisition. Splunk will reduce its 8,000-person staff by 7% or approximately 560 positions. Most of the jobs being cut are in the United States.
Two cybersecurity vendors are laying off a sizable chunk of their staff, with Exabeam axing 20% of its workforce and F-Secure cutting up to 70 employees. Exabeam eliminated roughly 134 positions this week, while F-Secure wants to shrink its workforce by nearly 14%.
Exabeam will have its third CEO since June 2021 after promoting Chief Product Officer Adam Geller to take over as its top leader. The security operations vendor elevated Geller to replace Michael DeCesare, 57, who joined Exabeam as president and CEO two years ago after leading Forescout for years.
According to the Forrester Wave issued in December 2022, the top challenge security analytics vendors face when bringing SIEM, SOAR and UEBA together is making it easy for customers to manage and maintain the offering, says Forrester analyst Allie Mellen.
Splunk has infused its SIEM with user behavior analytics and threat intelligence to better identify anomalies and understand what's going on in a customer's environment, says CEO Gary Steele. Adding UEBA to the SIEM makes it easier for organizations to identify, detect and remediate anomalies.
A surging Elastic has joined perennial stalwarts Splunk and Microsoft atop the Forrester Wave: Security Analytics 2022 report, toppling SIEM players Exabeam, Securonix and IBM. Elastic went from not even being mentioned in the December 2020 security analytics Forrester Wave to leading the industry.
Securonix has snagged longtime Ivanti, BMC Software and SAP executive Nayaki Nayyar as CEO to strengthen product capabilities and customer experience. One of a handful of female CEOs in the vendor community, she doubled Ivanti's total addressable market during her 30 months as president.
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.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
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