New Zealand stock exchange hit by cyber attack for second day

New Zealand’s stock market has been interrupted by an apparent overseas cyber attack for the second day running. The Wellington-based NZX exchange went offline at 11.24am on Wednesday and although some connectivity was restored for investors, some trading was halted. The NZX said it had experienced “network connectivity issues” and that the NZX main board, NZX debt market and Fonterra shareholders market were placed on halt. However it then announced that those areas would resume trading with the rest of the market at 3pm on Wednesday.

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Platform Security

Verizon Holds Cybersecurity Event at NJ Executive Business Center

Verizon | October 13, 2023

Verizon Business has announces hosting a special cybersecurity event on October 18, 2023, marking two decades of cybersecurity consulting services at its New Jersey Executive Business Center. Participants will gain valuable insights into how Verizon is empowering companies to harness the potential of 5G network solutions. Alongside the cybersecurity panel discussion, attendees can expect live demonstrations highlighting Verizon's proficiency in developing exceptionally secure solutions. Verizon Business will host a special media event on October 18, 2023, marking two decades of cybersecurity consulting services and honoring Cybersecurity Awareness Month. The event will feature a panel discussion led by industry experts, including Chris Novak, Managing Director of Verizon Cyber Security Consulting; Sean Atkinson, Chief Information Security Officer at the Center for Internet Security; and Krista Valenzuela, Cyber Threat Outreach and Partnerships at The New Jersey Cybersecurity and Communications Integration Cell (NJCCIC). The panel promises an engaging dialogue encompassing critical themes such as data privacy, AI's influence on cybersecurity, the emergence of voice security, evolving security controls, and other pertinent subjects. Furthermore, the discussion will shed light on the strategies employed by local New Jersey organizations to counteract emerging cyber threats. Attendees will also gain insights into Verizon's role in empowering businesses through innovative 5G network solutions, enhancing security measures, and elevating their overall operations. Managing Director of Verizon Cyber Security Consulting, Chris Novak, said, Raising greater awareness about cybersecurity is the first step in assisting organizations defend against these cyber threats. [Source – Globe Newswire] Novak mentioned that Verizon is utilizing its network's extensive visibility to collect, report, and disseminate actionable insights. These insights can be used by customers and other businesses to tackle advanced cyber threats related to vulnerability exploitation and social engineering. Furthermore, demonstrations highlighting Verizon's proficiency in developing highly secure solutions will be presented in addition to the cybersecurity panel. They include: Coach-to-Coach Communications: Introducing a dependable and secure wireless network solution tailored for NFL coaches, enabling confidential communication on the field. Cashierless Checkout: Utilizing advanced machine learning and computer vision technologies, this innovative solution facilitates autonomous stores at any location. Integrated with 5G UWB and 5G Edge, it redefines the retail experience. Private Wireless Networks: Explore the benefits of premise-based equipment, highlighting the significance of private dedicated networks in enhancing business connectivity and security. Cyber Threat Outreach and Partnerships, NJCCIC, Krista Valenzuela, mentioned, One of the ways we’re harnessing the power of AI in New Jersey is in identifying suspicious and malicious websites to help the State and its critical infrastructure in better defending against these cyber threats. [Source – Globe Newswire]

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Software Security

Palo Alto Networks Intends to Acquire Talon Cyber Security

Palo Alto Networks | November 08, 2023

Palo Alto Networks plans to acquire Talon Cyber Security to enhance its Secure Access Service Edge (SASE) solution. Talon's Enterprise Browser technology, when integrated with Prisma SASE, will provide secure access to business applications. The acquisition reflects the importance of adapting SASE solutions to ensure consistent security for unmanaged devices. Palo Alto Networks, a global cybersecurity leader, has announced its intent to acquire Talon Cyber Security, an enterprise browser technology pioneer, to enhance its Secure Access Service Edge (SASE) solution and provide comprehensive protection for managed and unmanaged devices. In today's digital landscape, unmanaged devices often connect to enterprise applications without adequate security measures, making them susceptible entry points for attackers seeking to access sensitive information. Lee Klarich, Chief Product Officer of Palo Alto Networks, emphasized the importance of securing all work activity through an Enterprise Browser without compromising device privacy to protect users and applications effectively. He continued that the integration of Talon's technology with Prisma SASE aims to provide consistent security for all users and devices. Anand Oswal, SVP and GM at Palo Alto Networks highlighted the significance of securing unmanaged devices with the same robust security as managed devices, especially in today's dynamic threat landscape. HE further stated that the combination of Prisma SASE and Talon's Enterprise Browser is poised to revolutionize security measures in modern digital environments. Talon Cyber Security's Enterprise Browser technology offers an innovative solution that, when integrated with Prisma SASE, will enable users to securely access business applications from any device, including non-corporate devices, while ensuring a seamless user experience. This strategic move by Palo Alto Networks addresses the evolving security challenges in a connected world. Talon's Co-Founder and CEO, Ofer Ben-Noon, acknowledged the shifting work models and user preferences and the need for powerful last-mile security solutions. Talon's Enterprise Browser is designed to offer familiar user experiences with enterprise-grade protection. Ben emphasized that partnership with Palo Alto Networks is seen as a catalyst to accelerate its mission of delivering superior outcomes for customers. Talon, founded by Ofer Ben-Noon and Ohad Bobrov, secured the RSA Conference's Innovation Sandbox contest in 2022. The co-founders will continue to lead their teams within the Prisma SASE team at Palo Alto Networks upon the completion of the acquisition. Anand Oswal, Senior Vice President and General Manager at Palo Alto Networks, highlighted the advantages and security risks associated with Bring Your Own Device (BYOD) policies. He noted that Talon's Enterprise Browser provided security teams enhanced visibility and control over work-related Software as a Service (SaaS) and web activity across all devices, including personal and unmanaged endpoints. Anand emphasized the need for Secure Access Service Edge (SASE) solutions to adapt in order to secure unmanaged devices with the same consistent security measures applied to managed devices. This would enable users to access business applications securely from any device and location.

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Network Threat Detection

Fortinet expands its Universal SASE offering to securely connect any user to any application

iTWire | October 30, 2023

Fortinet, the global cybersecurity leader driving the convergence of networking and security, has announced the expansion of its Universal SASE offering to empower today’s hybrid workforce with FortiOS everywhere. Ken Xie, founder, chairman of the board, and chief executive officer, said, The Fortinet operating system, FortiOS, is the industry’s only enterprise-grade converged operating system able to support all secure access service edge (SASE) functions, including firewall, software-defined wide area network (SD-WAN), secure web gateway, encryption/decryption, cloud access security broker (CASB), data loss prevention (DLP), and zero trust network access (ZTNA), whether deployed in an appliance or cloud-delivered from Fortinet. “This approach enables over 30 converged networking and security functions to be managed through a single console. Fourteen of these functions are accelerated when deployed on our new FortiASIC Security Processor 5-based FortiGate 120G SASE appliance.” Expanding Fortinet Universal SASE Single-vendor SASE provides flexible access to critical resources and applications for users and devices. However, most enterprises rely on different vendors for each SASE function, which introduces significant challenges of controlling different operating system functionality and management consoles. Fortinet Universal SASE takes traditional single-vendor SASE one step further, providing consistent policies and controls on-prem and in the cloud while delivering seamless integration across all functions and deployments to better support today’s hybrid workforce while reducing information technology (IT) overhead. FortiOS runs the full SASE stack, including a bi-directional firewall, SD-WAN, secure web gateway, encryption/decryption, CASB, DLP, and ZTNA. It also has the flexibility to run on an appliance in accelerated mode as well as in the FortiSASE cloud, providing consistent networking, security, and policy management for every edge. This is further enhanced by FortiGuard artificial intelligence (AI)-powered security services, such as intrusion prevention system (IPS), domain name system (DNS) filtering, URL filtering, anti-malware, sandboxing, and more. This news expands Fortinet’s investment in Universal SASE by expanding the reach of its SASE stack in three key areas of the portfolio: Worldwide coverage of FortiSASE cloud locations FortiSASE, built on a global, scalable cloud network, delivers the same SASE stack as FortiGate appliances through its regional FortiSASE cloud locations. To deliver the best user experience and higher service availability, Fortinet now delivers over 100 FortiSASE cloud locations globally. Bringing accelerated SASE to the campus and branch To bring the full SASE stack to campus and branch locations, Fortinet is announcing the new FortiGate 120G SASE appliance. Because it is powered by Fortinet’s patented security processor 5 (SP5) custom application-specific integrated circuit (ASIC), it can accelerate many elements of the SASE stack, such as delivering three gigabits per second (Gbps) of secure sockets layer (SSL) inspection—an average of six times faster than the industry average—for visibility into encrypted traffic at scale. The following Secure Compute Rating table provides a comparison between equivalent solutions: Flexible consumption extended to Universal SASE FortiFlex, Fortinet’s flexible consumption program, has now been extended to Fortinet Universal SASE solutions. The entire SASE stack from Fortinet can be consumed as part of FortiFlex, whether customers want to use on-prem or FortiSASE cloud-based services. FortiFlex offers usage-based licensing across cloud, hybrid cloud, and on-premises deployments to give IT teams the flexibility to continually right-size their deployments, reduce excessive procurement cycles for new security solutions, simplify the deployment and provisioning of new services, and maximise budget and return on investment by enabling IT teams to scale down or pause services as needed.

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