Business Hit with Six-fold Increase in Cybersecurity Losses in Past Year

Although costs have increased, data shows a sharp rise in cybersecurity spending and measures to combat the issue. A recent study by insurer Hiscox has revealed a six-fold increase in cybersecurity losses among businesses targeted in the past year, increasing from a median $10,000 (£8,051) per firm to $57,000 (£45,892). The international study, using findings from 5,569 companies across eight countries, shows a $1.2 billion rise in cyber losses to almost $1.8 billion, with the most heavily-targeted sectors being financial services, manufacturing and technology, media and telecoms (TMT). However, there were also signs that firms are responding to threats with “more rigorous security measures and higher spending”, which increased by 39%. As well as this, although losses increased, the proportion of businesses targeted fell from 61% to 39%.

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Cloud Security

Checkmarx Announces Technology Partner Program to Enable the Industry's Most Extensible, Code-to-Cloud Enterprise AppSec Ecosystem

PR Newswire | October 19, 2023

Checkmarx, the industry leader in cloud-native application security for the enterprise, today announced its Checkmarx Technology Partner program, enabling organizations to easily extend the leading AppSec platform with a wide range of technology partner capabilities. The combination of best-of-breed technology partners with the leading enterprise AppSec platform helps organizations shift everywhere, from code to cloud, with a unified AppSec posture integrated into the software development life cycle (SDLC). Checkmarx' Technology Partner Program helps organizations simplify management across their AppSec programs, get more value out of existing AppSec solutions and drive better security outcomes. Providing broad support for greater AppSec maturity throughout the entire SDLC, the Checkmarx Technology Partner program enables partners and their customers to centralize and simplify discovery in these key areas through Checkmarx One: Vulnerability and risk management systems: Aggregate, normalize and prioritize vulnerabilities and risks with a unified, holistic view with partners like ArmorCode, Brinqa and ServiceNow. SDLC tools: Integrate AppSec at all stages of the software development lifecycle within the environments and tools used daily by analysts, developers and testers with partners like GitLab, JetBrains and Security Compass. Cloud and runtime security: Match cloud assets at runtime with application source code projects so that vulnerabilities found in the developer source code are enriched with runtime context, and runtime cloud security inventories are enriched with AppSec findings – all possible through partners like AWS, Cisco Panoptica and Sysdig. Emerging technologies: Work with the most innovative startups and technologies including AI and GenAI to shape tomorrow's AppSec solutions landscape with partners like Mobb.ai. Expanding this ecosystem simplifies the process of mitigating AppSec risk for our partners' customers, making their applications exponentially more secure during a time of escalating threats, said Kobi Tzruya, Chief Research and Development Officer at Checkmarx. From protecting AI-generated code to helping build trust between developers and security teams, Checkmarx One is already the AI-driven, enterprise-ready AppSec platform of choice. Now working with other leading technology companies to meet the need for streamlined, consolidated solutions will make life easier and applications safer for everyone. Checkmarx recently announced Sysdig as its latest technology partner, bringing runtime container insights into Checkmarx One so organizations can prioritize vulnerabilities associated with container packages that are actually running and that pose the most risk. "The top application security vendors have a responsibility to team up to provide more robust and complete solutions for the world's enterprises," said Bryan Smoltz, VP of Technology Alliances at Sysdig. "By delivering runtime insights within Checkmarx One, customers have clear visibility into the workloads that are running in production so they can make better-informed security decisions. Together, we're helping to bring maximum protection at cloud speed." Technology partners also benefit from the program with new marketing and sales opportunities, and by making their solution readily accessible to Checkmarx' more than 1,800 customers, including 60% of the Fortune 100. The Checkmarx One platform scans more than 100 billion lines of code monthly and its world-renowned Checkmarx Labs security research team provides ongoing threat intelligence to inform product development and to advise customers of their best defenses in today's threat landscape. For more information about becoming a Checkmarx Technology Partner, visit this page. Click here to explore the Checkmarx One partnership ecosystem. About Checkmarx Checkmarx is the enterprise application security leader and the provider of Checkmarx One™, the industry-leading cloud-native AppSec platform that helps enterprises build #DevSecTrust. Powered by the intelligence from our industry-leading AppSec security research team, and our AI-driven technology and services, our platform is designed to enable CISOs, AppSec and development leaders to prioritize their teams' focus on what impacts their business. Our offerings secure every phase of development for every application, from the very first line of code through production, while simultaneously balancing the dynamic needs of security and development teams. It's no longer just about shifting left or right - it's about shifting everywhere. We are honored to serve more than 1,800 customers, which includes 60 percent of all Fortune 100 organizations. We are committed to moving forward with unwavering dedication to the safety and security of our customers, and the applications that power our day-to-day lives. Checkmarx. Make Shift Happen.

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Data Security

Canadian Federal Government Choose Netskope as Preferred Vendor

Netskope | September 11, 2023

Netskope, an industry-leading secure access service edge (SASE) provider, has announced that it has been chosen as the preferred cloud access security broker vendor for the Canadian Federal Government under the cybersecurity procurement vehicle (CSPV) of Shared Services Canada (SSC). The objective of the SSC cloud access security broker CSPV is to provide government users with secure access to cloud-based applications, including all software-as-a-service (SaaS) applications, regardless of their location. The Government of Canada (GC) selected Netskope after a competitive bidding process for a commercially available cloud access security broker service to fulfill its business requirements across various government organizations and agencies. The cloud access security broker service aims to facilitate the continued adoption, utilization, and delivery of SaaS cloud services by GC departments. The cloud access security broker service will improve the security posture of GC applications, services, and data as they are migrated to public cloud environments, permitting complete visibility and monitoring of GC cloud environments to detect, prevent, and respond rapidly to cyber threats; and ensuring the privacy, confidentiality, and protection of GC data in accordance with GC policies. As an integral part of Netskope Intelligent Security Service Edge (SSE), Netskope's market-leading cloud access security broker enables agencies to detect and manage the usage of cloud applications rapidly, irrespective of whether they are managed or unmanaged, and safeguard sensitive data from being stolen by malicious cybercriminals or risky insiders who have compromised the technology environment. A cloud access security broker is a cloud-based or on-premises security policy enforcement point situated between cloud service providers and consumers to combine and insert enterprise security policies when cloud-based resources are accessed. With a cloud access security broker solution, agencies can manage the unintentional or unauthorized transfer of sensitive data between cloud application instances while expediting security workflows with simple policy controls and incident response management. Paul Tanasi, Federal Regional Manager, Netskope, said, With the hybrid workforce becoming the new normal, Canadian government departments and agencies are relying more and more on giving their users direct-to-cloud access to SaaS applications and to web applications in general. [Source – Cision PR Newswire] Paul Tanasi further mentioned that there is a requirement to ensure these users' security and regain some of the visibility and control they were accustomed to when everyone worked from the office. A solution is required to tackle risks associated with cloud services, enforce security policies, and adhere to regulations, mainly when dealing with cloud services that are located outside their network perimeter and beyond their direct control. Netskope's CASB solution would offer the capability to adopt cloud applications and services confidently without compromising security or performance. About Netskope Netskope, an industry leader in SASE, assists organizations in implementing zero trust principles and AI/ML innovations to safeguard data and defend against cyber threats. The company's platform offers optimized access and real-time security for devices, people, and data, regardless of their location. Netskope assists customers in mitigating risk, accelerating application performance, and gaining unparalleled visibility into cloud, web, and private application activity. Thousands of clients rely on Netskope and its robust NewEdge network to combat evolving threats, technology shifts, new risks, organizational and network changes, and others.

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Software Security

ZeroFox Unveils New Anti-Phishing Features to Stop Attacks at Source

ZeroFox | September 22, 2023

ZeroFox, an industry-leading provider of enterprise software-as-a-service for external cybersecurity, has announced the unveiling of multiple anti-phishing product enhancements. These updates solidify ZeroFox's position as the world leader in digital risk protection. Developed using cutting-edge AI/ML technologies and designed by a team of top-tier security experts, these new anti-phishing features boost escalated alert volume, reduce the occurrence of false positives, and expedite the process from threat identification to initial disruption and successful takedowns for all our customers. The importance of these new features cannot be overstated, especially given the rising threat landscape. In the first half of 2023, ZeroFox Intelligence has recorded a substantial increase in the volume and complexity of phishing attacks, including a 30% surge in domain takedowns compared to the first half of 2022. New ZeroFox phishing trend research also highlights the adoption of evasion techniques like cloaking alongside emerging tactics such as SEO poisoning and phishing-as-a-service. These developments underscore the critical role of these new capabilities in safeguarding against evolving cyber threats. Continuous and Complete Protection Against Domain-based Threats ZeroFox adopts a unique approach to phishing compared to email security and conventional anti-phishing providers. Its strategy revolves around the identification, disruption, and elimination of the domains necessary for launching phishing campaigns. With daily monitoring of over 65 million domains, ZeroFox combats various threats like typo squats, subdomain spoofs, homoglyphs, and other malicious domain and URL-based attacks, effectively shielding customers and preventing any disruptions to business operations. Incorporate advanced domain protection capabilities to enhance their cybersecurity measures, aiming to achieve substantial and measurable business outcomes: Reduce Phishing Risks with Anti-Cloaking Capabilities: Strengthen Compliance and Trust with SSL Monitoring Secure Brand Identity with Favicon Search Improve Operational Efficiency with Enhanced Subdomain Coverage Enhance User Experience (UX) with Weblog Monitoring Mike Price, Chief Technology Officer of ZeroFox, said, ZeroFox has been detecting and disrupting phishing attacks for the last decade, constantly enhancing our solution to protect our customers from changing phishing techniques used by threat actors, including the widespread use of malicious cloaking and subdomains techniques. [Source – Globe Newswire] Price stated that the enhanced capabilities being announced represented their ongoing commitment to tackling the increasing phishing challenge encountered by security teams. He emphasized that as phishing continued to evolve, ZeroFox would remain a trusted anti-phishing partner dedicated to safeguarding customers from both current and future phishing techniques. About ZeroFox ZeroFox, a prominent enterprise software-as-a-service provider in the field of external cybersecurity, has revolutionized security beyond the corporate perimeter on the internet, where businesses conduct their operations and threat actors are active. Their platform seamlessly integrates cutting-edge AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust set of breach, incident, and takedown response tools. This enables them to uncover and disrupt various threats, including phishing and fraud campaigns, botnet exposures, impersonations, credential theft, data breaches, and physical threats that target domains, brands, personnel, and assets.

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Software Security

Conceal and CyberForce Security Announce Strategic Partnership: Amplifying MSSP Services with Advanced Browser Security

Business Wire | September 29, 2023

Conceal, a pioneer in web security innovation, is excited to announce its strategic alliance with CyberForce Security, a leader in cybersecurity products and services. This collaboration is set to enhance CyberForce's already comprehensive technology suite by including ConcealBrowse's elite browser security. We are thrilled to integrate with CyberForce Security, a powerhouse known for its value-driven approach and deep commitment to offering the finest cybersecurity solutions in the industry. By incorporating ConcealBrowse into their portfolio, we're collectively raising the bar in web protection for MSPs of all sizes.commented Gordon Lawson, CEO of Conceal. Miles Dunbar, COO of CyberForce Security, stated, “At CyberForce, our ethos revolves around understanding our partners and clients, both technically and business-wise. By integrating with Conceal's browser security, we're amplifying our promise of delivering only the best-of-breed solutions. This collaboration embodies our dedication to staying at the forefront of cybersecurity innovation.” This partnership aligns perfectly with CyberForce Security's mission of hand-picking elite cybersecurity products and ensuring every business, from start-ups to established giants, has access to top-tier protective solutions. As both companies champion a customer-centric approach, their synergistic endeavor promises to set new benchmarks in MSSP offerings. For Managed Service Providers seeking to fortify their security offerings, we invite you to join the Conceal MSP Community, where the focus is protection where it truly counts: at the browser. As part of our community, you’ll gain complimentary access to NFR licenses of ConcealBrowse. With effortless deployment and user-friendly interfaces, it integrates seamlessly into existing security infrastructures and stands robustly as a standalone solution, offering you unparalleled ease and flexibility. More so, built-in multi-tenancy and monthly billing features open avenues for revenue growth, allowing easy downstream deployment to your clients. Don’t miss this opportunity to enhance your security toolkit and grow your practice. About Conceal Conceal is at the forefront of defending against web-based attacks, using innovative technology to detect, prevent, and shield businesses and individual users from ever-evolving online threats. ConcealBrowse operates on the principle of proactive protection. Its AI-powered intelligence engine, ConcealSherpa, runs at machine speed with virtually zero latency to identify potentially harmful webpages autonomously, stopping cyber attacks that take advantage of weaponized links. For more information, visit https://conceal.io/.

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