DATA SECURITY

Cyber Security Penetration Testing Leader NetSPI Secures $90 Million in Growth Funding Led by KKR

NetSPI | May 17, 2021

NetSPI, the pioneer in big business infiltration testing and assault surface administration, today reported it has brought $90 million up in development subsidizing drove by KKR, with investment from Ten Eleven Ventures. The venture will be utilized to additionally speed up NetSPI's fast development by extending the organization's digital protection and customer experience groups, putting resources into item advancement, and extending tasks across U.S. what's more, worldwide business sectors.

Since its establishing, NetSPI has centered its administrations to assist organizations with protecting themselves from cyberattacks through a powerful and imaginative innovation stage, permitting NetSPI's group of specialists to completely recognize security weaknesses. When digital protection spending is relied upon to surpass $200 billion every year by 2024, as per a new Bloomberg Intelligence (BI) report, more organizations are getting ready to fight off refined digital assaults and stay away from reputational and business hazards.

KKR is putting resources into NetSPI through its Next Generation Technology Growth Fund II. KKR and Ten Eleven Ventures have put resources into market-driving network safety organizations including Darktrace, KnowBe4, Ping Identity, Cylance, ForgeRock, and ReliaQuest.

The venture is the most recent exchange in a time of sped up development for NetSPI. Most as of late, NetSPI procured Silent Break Security and fused its restrictive Adversary Simulation and Red Team Toolkit programming into the organization's hostile network safety and assault surface administration contributions. In 2020, NetSPI dispatched Penetration Testing as a Service (PTaaS) controlled by its Resolve™ stage. Forthcoming augmentations of hazard scoring, weakness insight, break and assault recreation, and more will keep on separating NetSPI's innovation contributions.

Goodwin Procter LLP exhorted NetSPI on the exchange and Latham and Watkins LLP prompted KKR and Ten Eleven Ventures.

About NetSPI

NetSPI is the pioneer in big business security testing and assault surface administration, banding together with nine of the main 10 U.S. banks, three of the world's five biggest medical services organizations, the biggest worldwide cloud suppliers, and large numbers of the Fortune® 500. NetSPI specialists perform profound plunge manual entrance testing of use, organization, and cloud assault surfaces, generally testing more than 1 million resources for discover 4 million one of a kind weaknesses. NetSPI offers Penetration Testing as a Service (PTaaS) through its Resolve™ stage and enemy recreation through its Red Team Tool Kit. NetSPI is settled in Minneapolis, MN and is a portfolio organization of private value firms Sunstone Partners, KKR, and Ten Eleven Ventures.

Spotlight

"Benchmarking security performance against peers and industry averages is one way organizations can get a true picture of just how secure they are. To understand optimism bias of cybersecurity performance, we commissioned a survey with Dimensional Research that asked IT professionals about their organization's performance relative to industry peers. "

Spotlight

"Benchmarking security performance against peers and industry averages is one way organizations can get a true picture of just how secure they are. To understand optimism bias of cybersecurity performance, we commissioned a survey with Dimensional Research that asked IT professionals about their organization's performance relative to industry peers. "

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PLATFORM SECURITY

Sophos Announces Sophos X-Ops

Sophos | July 21, 2022

Sophos, a global leader in next-generation cybersecurity, today announced Sophos X-Ops, a new cross-operational unit linking SophosLabs, Sophos SecOps and Sophos AI, three established teams of cybersecurity experts at Sophos, to help organizations better defend against constantly changing and increasingly complex cyberattacks. Sophos X-Ops leverages the predictive, real-time, real-world, and deeply researched threat intelligence from each group, which, in turn, collaborate to deliver stronger, more innovative protection, detection and response capabilities. Sophos today is also issuing “OODA: Sophos X-Ops Takes on Burgeoning SQL Server Attacks,” research about increased attacks against unpatched Microsoft SQL servers and how attackers used a fake downloading site and grey-market remote access tools to distribute multiple ransomware families. Sophos X-Ops identified and thwarted the attacks because the Sophos X-Ops teams combined their respective knowledge of the incidents, jointly analyzed them, and took action to quickly contain and neutralize the adversaries. “Modern cybersecurity is becoming a highly interactive team sport, and as the industry has matured, necessary analysis, engineering and investigative specializations have emerged. Scalable end-to-end operations now need to include software developers, automation engineers, malware analysts, reverse engineers, cloud infrastructure engineers, incident responders, data engineers and scientists, and numerous other experts, and they need an organizational structure that avoids silos,” said Joe Levy, chief technology and product officer, Sophos. “We’ve unified three globally recognized and mature teams within Sophos to provide this breadth of critical, subject matter and process expertise. Joined together as Sophos X-Ops, they can leverage the strengths of each other, including analysis of worldwide telemetry from more than 500,000 customers, industry-leading threat hunting, response and remediation capabilities, and rigorous artificial intelligence to measurably improve threat detection and response. Attackers are often too organized and too advanced to combat without the unique combined expertise and operational efficiency of a joint task force like Sophos X-Ops.” Speaking in March 2022 to the Detroit Economic Club about the FBI partnering with the private sector to counter the cyber threat, FBI Director Christopher Wray said, “What partnership lets us do is hit our adversaries at every point, from the victims’ networks back all the way to the hackers’ own computers, because when it comes to the FBI’s cyber strategy, we know trying to stand in the goal and block shots isn’t going to get the job done. “We’re disrupting three things: the threat actors, their infrastructure and their money. And we have the most durable impact when we work with all of our partners to disrupt all three together.” Sophos X-Ops is taking a similar approach: gathering and operating on threat intelligence from its own multidisciplinary groups to help stop attackers earlier, preventing or minimizing the harms of ransomware, espionage or other cybercrimes that can befall organizations of all types and sizes, and working with law enforcement to neutralize attacker infrastructure. While Sophos’ internal teams already share information as a matter of course, the formal creation of Sophos X-Ops drives forward a faster, more streamlined process necessary to counter equally fast-moving adversaries. “Effective cybersecurity requires robust collaboration at all levels, both internally and externally; it is the only way to discover, analyze and counter malicious cyber actors at speed at scale. Combining these separate teams into Sophos X-Ops shows that Sophos understands this principle and is acting on it.” Michael Daniel, president and CEO, Cyber Threat Alliance Sophos X-Ops also provides a stronger cross-operational foundation for innovation, an essential component of cybersecurity due to the aggressive advancements in organized cybercrime. By intertwining the expertise of each group, Sophos is pioneering the concept of an artificial intelligence (AI) assisted Security Operations Center (SOC), which anticipates the intentions of security analysts and provides relevant defensive actions. In the SOC of the future, Sophos believes this approach will dramatically accelerate security workflows and the ability to more quickly detect and respond to novel and priority indicators of compromise. “The adversary community has figured out how to work together to commoditize certain parts of attacks while simultaneously creating new ways to evade detection and taking advantage of weaknesses in any software to mass exploit it. The Sophos X-Ops umbrella is a noted example of stealing a page from the cyber miscreants’ tactics by allowing cross-collaboration amongst different internal threat intelligence groups,” said Craig Robinson, IDC research vice president, Security Services. “Combining the ability to cut across a wide breadth of threat intelligence expertise with AI assisted features in the SOC allows organizations to better predict and prepare for imminent and future attacks.” About Sophos Sophos is a worldwide leader in next-generation cybersecurity, protecting more than 500,000 organizations and millions of consumers in more than 150 countries from today’s most advanced cyberthreats. Powered by threat intelligence, AI and machine learning from SophosLabs and SophosAI, Sophos delivers a broad portfolio of advanced products and services to secure users, networks and endpoints against ransomware, malware, exploits, phishing and the wide range of other cyberattacks. Sophos provides a single integrated cloud-based management console, Sophos Central – the centerpiece of an adaptive cybersecurity ecosystem that features a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity vendors. Sophos sells its products and services through reseller partners and managed service providers (MSPs) worldwide.

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SOFTWARE SECURITY

McAfee and Telstra Partner to Bring Privacy, Identity and Security Solutions to Customers Across Australia

McAfee | July 11, 2022

Today, McAfee Corp., a global leader in online protection, announced a multi-year partnership with Telstra, Australia’s leading telecommunications and technology company, to deliver comprehensive protection to safeguard the privacy and identity of consumers across activities, devices, and locations. The partnership will grant new and existing Telstra customers easy access to McAfee’s leading security solutions to deliver holistic security and privacy protection through its integrated suite of services including Antivirus, Parental Controls, Identity Protection, Secure VPN and more, to protect and secure multiple devices including mobiles, PCs and laptops. “A recent McAfee study found 27% of Australians surveyed reported attempted account theft and 23% had experienced financial account information leaks. “As the proliferation of life online accelerates, we are thrilled to be partnering with Telstra who are showing through this collaboration, a commitment to innovation and to their customers by investing in new infrastructure and technologies that safeguard their mobile and broadband subscribers.” Pedro Gutierrez, Senior Vice President of Global Sales and Operations at McAfee McAfee’s integrated consumer security platform offers a wide array of mobile security solutions to protect customers’ privacy and identity while blocking viruses, malware, spyware, and ransomware attacks. This partnership allows Telstra’s customers to take advantage of these capabilities and protect themselves from additional threats including potential hacks, identity theft and broader gaps in online and mobile security so they can live life confidently online. “In today’s increasingly connected world the risk of cyber threats continues to grow. To counter the risk, Telstra is committed to providing our customers with the safety and security features needed to protect them online,” said Matthew O’Brien, Cyber Security Executive and Group Owner at Telstra. “This partnership with McAfee helps drive our mission to build a safe and secure connected future where everyone can thrive, and further complements Telstra’s T25 ambition to extend our network leadership position by delivering greater value to our customers.” To activate Device Security, Telstra customers can simply go in-store, online or to their MyTelstra app. The full suite of McAfee features supported include Antivirus/System Scan, Safe Browsing, Protection Center, Identity Protection, Password Manager, Parental Controls, Protection Score and Secure VPN. All eligible Telstra customers can try Device Security for three months on Telstra, then auto-roll onto $10/month after. About McAfee McAfee Corp. is a global leader in online protection. Focused on protecting people, not just devices, McAfee’s solutions adapt to users’ needs in an always online world, empowering them to live securely through integrated, intuitive solutions that protect their families and communities with the right security at the right moment.

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PLATFORM SECURITY

Deloitte Launches Zero Trust Access, a New Managed Security Service

Deloitte | July 12, 2022

To help organizations adopt zero trust more quickly and efficiently, Deloitte is launching a new managed service – Zero Trust Access— that offers a cloud-native approach to securing communications between users, on any device, and enterprise applications, wherever they may reside. The Zero Trust concept commits to removing implicit trust within an information technology (IT) ecosystem and replacing it with a risk-based approach to accessing organizational resources across identities, workloads, data, networks and devices. This trend is gaining momentum, given legacy approaches to security architecture are no longer suitable to secure the ubiquitous nature of the modern enterprise. Part of the newly expanded Zero Trust by Deloitte, Zero Trust Access facilitates zero trust adoption and the evolving needs of organizations in protecting their applications, infrastructure, and data. Following the integration of recently acquired talent and technology into existing Deloitte services, the Zero Trust Access managed service connects users to applications through a frictionless cloud-native solution that is inherently scalable, resilient, agile, and secure. Further, the managed service is available standalone, integrated with other Deloitte offerings, or as part of a broader solution leveraging technologies from Deloitte's alliances ecosystem. "As perimeter-based approaches are no longer suitable to secure the modern enterprise, many organizations are working to enhance protection for their IT ecosystems via zero trust. "Zero Trust Access was built as a turnkey managed service helping ourselves and our clients accelerate adoption of this transformative security framework. Our goal was to create a cost-effective solution that can be delivered standalone or complementary to a broader ecosystem and ultimately help decrease the burden on IT and security teams who likely need to manage multiple heterogenous solutions to achieve similar outcomes." Andrew Rafla, Deloitte Risk & Financial Advisory's zero trust offering leader and principal, Deloitte & Touche LLP With innovative data protection leveraging device-level secure microcontainer technology, Zero Trust Access helps protect infrastructure while also enabling organizations to protect sensitive enterprise data and enforce least privilege through dynamic access control to enterprise assets. The managed service can replace remote access solutions inclusive of virtual private network (VPN), virtual desktop infrastructure (VDI), and desktop as a service (DaaS), all of which typically require significant capital expenditure for infrastructure, high operating costs, and technology management overhead. Zero Trust Access includes features such as ephemeral connectivity built upon secure peer-to-peer (P2P) communication, conditional access and continuous authorization, as well as robust data protection for data at-rest, in-use, and in-transit are consistently applied to each session, regardless of the type or location of the applications being accessed (e.g., legacy hosted applications, software as a service (SaaS), thick-client, web-based applications). Implementation of Zero Trust Access can help organizations leverage outcome-based solutions that improve business agility, enhance user productivity, and reduce cost and complexity of security operations. "Beginning zero trust adoption isn't simple, fast or easy for most organizations," Deborah Golden, Deloitte Risk & Financial Advisory Cyber and Strategic Risk leader and principal, Deloitte & Touche LLP. "We're launching Zero Trust Access as the first in many adoption-enabling services and solutions to come, so that our clients are better able to modernize their security programs, enable agile operations and confidently advance with emerging technologies and transformative risk management principles that can build more resilient security practices." About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.

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