PE firm Siris Capital in talks to acquire Cybersecurity firm Radware
Private equity firm Siris Capital is planning to acquire Cybersecurity company Radware. Even as the talks were on, the deal is not assured and may fall apart, a CNBC report said, citing people familiar with the matter. Siris Capital, which has raised over $5.9 billion of cumulative committed capital, is a tech-focused investment firm. The size of […]
Moody’s to invest US$250 million in cybersecurity firm BitSight
Moody’s Corporation, the global integrated risk assessment firm said that it will invest US$250 million in cybersecurity firm BitSight. As a part of the deal, BitSight, a pioneer in cybersecurity ratings, and BitSight will acquire VisibleRisk, a cyber risk ratings joint venture created by Moody’s and Team8, a global venture group. This significant investment by […]
Ransomware attacks continue to wreak havoc for businesses in Singapore
Like many other countries in Asia, companies in Singapore have been under siege – from ransomware attacks. In August, a ransomware attack affected the personal data and clinical information of nearly 73,500 patients of Eye & Retina Surgeons, a private eye clinic. However, the clinic said it has not paid any ransom, and pointed out […]
MicroWorld Technologies launches eScan
MicroWorld Technologies has launched eScan Version 22 – a cybersecurity solution aimed at empowering consumers, enterprises, and governments across the world in their fight against digital malice. Equipped with cutting-edge technologies, MicroWorld’s latest offering aims to reinvent cybersecurity in the face of an ever-evolving threat landscape, especially in light of the ongoing pandemic. The cyber […]
DNS attacks caused significant increase in damages in 2021: Report
Globally, 87 per cent of organisations experienced DNS attacks, with the average cost of each attack around $950,000. EfficientIP in collaboration with IDC announced the results of its 2021 Global DNS Threat report. As per the report, organisations across all industries suffered an average of 7.6 attacks this past year The report focuses on the […]
Indonesia’s Health Ministry asks citizens to delete Obsolete Test & Trace App after data breach
Indonesia is investigating a potential leak of sensitive data of 1.3 million users from an old COVID-19 tracking application. The data included ID, address, and health history – from the Indonesian Health Alert Card (eHAC) app which has been exposed in an open server, according to a report by cybersecurity research firm vpnMentor. An investigation […]
Amazon announces two new cybersecurity initiatives to help organisations and individuals
Amazon has announced two new security initiatives that will help protect organisations and individuals from increasing cybersecurity threats. The training materials will be available to the public from October that Amazon has developed to keep its employees and sensitive information safe from cyberattack. In addition, Amazon announced that it will offer qualified AWS customers a free multi-factor authentication (MFA) […]
Data breach affects Microsoft Azure users globally
Microsoft has admitted a security breach in its Azure Cosmos DB cloud system could affect many customers, which includes many Fortune 500 companies. Cloud infrastructure security company Wiz revealed details of a now-fixed Azure Cosmos database vulnerability that could have been potentially exploited to grant any Azure user full admin access to other customers’ database […]
Rubrik and Microsoft partner to deliver integrated Zero Trust data protection solutions
Rubrik, the Zero Trust Data Management Company, announced a strategic partnership with Microsoft that includes a Microsoft equity investment in Rubrik to drive go-to-market activities and co-engineering projects to deliver integrated Zero Trust data protection solutions built on Microsoft Azure. This work will address rising customer needs to protect against surging ransomware attacks, which are growing […]
Four in ten UAE consumers have experienced online fraud attempts
Almost four in 10 UAE consumers have experienced online fraud attempts in the past year, trust and usage of digital payments both in-store and online don’t seem to be reducing as consumers still prefer them over cash, citing improved technology, and security measures as reasons why they still feel more secure with these methods of […]
UAE has witnessed a 250 percent increase in cyber attacks in 2020: Digital14
UAE-based advisor in digital transformation and cyber resilience organisation Digital14 has revealed how organisations in the country are becoming the targets of cyber-attacks. The company’s ‘Cyber Resilience Report: The UAE Threat Landscape 2021’ revealed that despite the high cost associated with successful cyber breaches, public and private sector organisations need to do more to address critical security threats […]
User’s data wiped out after Malware hits Western Digital’s devices
A malware wiped out data of users using storage solutions major Western Digital’s devices. The company is advising its customers who use its My Book Live and My Book Live Duo products to disconnect them from the internet. In a statement, the company said “Western Digital has determined that some My Book Live and My […]
ASM technologies partners with EclecticIQ to offer cyber security managed services
ASM Technologies Ltd, a global Engineering services provider, has announced a Managed Service Provider (MSP) Agreement with the Netherlands-based EclecticIQ, a cybersecurity solutions provider. EclecticIQ is a global threat intelligence, hunting and response technology provider. . This partnership enables ASM Technologies to get into the cybersecurity Managed Services space with new Endpoint Detection & Response (EDR) […]
Cyber security market in the Middle East to grow to $55 billion by 2026
The cyber security market in the Middle East is expected to hit $55.73 billion in revenues by 2026. This translates to a CAGR of 22.5 percent till 2026, according to an HTF Market Intelligence report. An increase in the process of digitisation has led to an increased risk of cyber threats and investments made by […]
UK-based Crossword Cybersecurity establishes subsidiary in Oman
Crossword Cybersecurity Plc, will establish a subsidiary in the Sultanate of Oman. The UK-based company has signed a memorandum of understanding with Al-Rawahy Holdings LLC, which will see the formation of a licensed subsidiary called Crossword Cybersecurity LLC, majority-owned by Crossword. The subsidiary will act as its Middle Eastern regional headquarters, the company said. The […]
Lankan CIOs grapple as Ransomware rears its head
The pandemic has led to the acceleration of the process of digital transformations and with that comes the risk of cyber-attacks. In the current times, it is important for organisations to focus on the cybersecurity aspect of the organisation. But the questions is how do you improve the cybersecurity of an organisation? This was discussed […]