This week several organisations published reports, including Datto and Veeam. Forter has made its first acquisition, and WatchGuard appointed a new CIO.
Other news comes from Dragos, Ivanti, ManageEngine, Mendix, and Solcyber.
Datto
Datto has published its 2023 State of Ransomware report. The report is based on responses from almost 3,000 IT professionals working in SMBs. It revealed that SMBs are aware of cyber threats and are allocating resources and investing in network and cloud security areas. The key findings were:
- About a fifth of the IT budget is dedicated to security, and many are seeing increased budgets. 47% of SMBs plan to invest in network security next year.
- Over 50% of SMBs have implemented AV and email/spam protection, with network and cloud security as the next year’s top areas planned for investment.
- 37% of respondents run IT security vulnerability assessments three or more times a year, with 62% running them at least twice a year.
- 69% of SMBs currently have cyber insurance, and 34% of those without cyber insurance are highly likely to get it in the next year.
- 42% of SMBs with cyber insurance think it’s extremely likely that a ransomware attack will happen in the next year, while only 16% of SMBs without cyber insurance think the same.
Chris McKie, VP of Product Marketing for Security and Networking Solutions, Datto commented, “We’re seeing many businesses take more steps to protect themselves against threat actors. Whether they’re investing in new security products or utilizing multiple security frameworks, most SMBs realize the very real threat that ransomware poses for their business, and they’re doing what they can to keep themselves safe.”
Dragos
The bi-monthly best practices blog from Dragos looks at how to identify whether OT Networks are connected to the internet. It offers a two-step process to securing OT devices, detecting if the device can connect to the internet and then removing that connection.
Forter
Forter announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel. This is Forter’s first acquisition and aims to strengthen its existing fraud management and add bot expertise to its team. Transaction details were not revealed.
Michael Reitblat, chief executive officer and co-founder, of Forter, commented, “Successful bot attacks leave the world’s biggest brands exposed to account takeovers, service disruptions, reputational damage, loss of consumer trust and more.
“Immue’s cutting-edge technology will enable us to bring bot detection to the full customer lifecycle – stopping the most sophisticated bots and human fraudsters from account creation to checkout. We’re thrilled to welcome Shira, Amit and the entire team to Forter.”
Ivanti
Ivanti has extended its partnership with Lookout, Inc. Lookout Mobile Endpoint Security will now be part of the Ivanti Neurons automation platform. The combined solution, which includes Ivanti Go and Ivanti Neurons for Modern Device Management, is a best-in-class security and management solution that enables Ivanti customers to deploy a mobile strategy to secure the hybrid workforce while reducing overall risk to the organization.
Srinivas Mukkamala, chief product officer at Ivanti, commented, “We are thrilled to partner with Lookout to provide more options for our customers as they secure an increasingly mobile workforce.
“With Ivanti Neurons for MTD, machine learning algorithms provide immediate and ongoing visibility into malicious threats across all protected devices. The combination of unified endpoint management and mobile threat defense enables organizations to proactively manage and secure mobile devices against the broadest array of attacks and defend against web-based and sophisticated attacks.”
ManageEngine
ManageEngine has opened data centres in Montreal and Toronto, adding to its footprint in North America and supporting a market growing by 30% year over year.
Rajesh Ganesan, president of ManageEngine, commented, “We recognize that Canada is a growing technology market, one that is very important for ManageEngine and has already demonstrated remarkable growth year over year. The investments in local data centers are a testament to our commitment to this region and will help our customers comply with local regulations in terms of data sovereignty, privacy and security.
“The new data centers and their operations carry all the required certifications, which assures our customers that their data is securely stored only within Canadian boundaries.”
Mendix
Mendix and Software Improvement Group (SIG) have announced the release of Mendix Quality & Security Management (QSM). The new cybersecurity solution provides continuous deep-dive insights into security and code quality to address risks and vulnerabilities immediately. Mendix QSM is powered by Sigrid, SIG’s software assurance guiding platform. It combines more than 20 best-of-class security scanning tools and provides a comprehensive overview of how security findings impact business objectives.
Hans de Visser, chief product officer at Mendix, said, “Mendix and SIG have been Original Equipment Manufacturer (OEM) partners since 2016. In the past six years, we have strived to empower our customers with fast software development and best-of-industry governance tooling to build future-proof applications.
“Security is top of mind for our customers, and the new cybersecurity capabilities in Mendix Quality & Security Management is a logical extension to cater to the increasing security demands and requirements of our customers. Mendix and SIG expanded the OEM partnership to help Mendix customers manage the quality of their applications proactively, ensuring faster issue resolution with higher technical quality of software.”
Solcyber
DysrupIT has announced a strategic alliance with managed security services provider, SolCyber. DysrupIT can now offer their clients an affordable, comprehensive 24/7 managed Security-as-a-Service, powered by SolCyber.
SolCyber offers a comprehensive solution utilising leading technologies and services in a cost-effective model. It protects the entire threat lifecycle with 24/7 SOC support. Customers can achieve a nation-state level of security at a lower cost in less than 30 days.
Marco Hermosura, DysrupIT Head of Alliances and Partnerships, commented, “Our partnership with SolCyber is a strategic addition to our cyber security service offering. In today’s current threat landscape and cyber skills shortages, we want to offer a robust and complete security solution that can be scaled from small business through to enterprise.
“Our managed security, “Powered by SolCyber”, combines our significant security assets, tools, processes, and expertise, allowing organisations to quickly improve their cyber security posture through an affordable and simple monthly subscription. Being cloud-driven and with our joint global support footprint, DysrupIT’s extended security services can provide protection to our clients regardless of their location and time zone.”
Veeam
The Veeam Data Protection Trends Report 2023 shows rising data backup budgets support the increasing importance of hybrid cloud data protection. It identifies that the rising ransomware threat is acknowledged, but IT leaders are worried that they are not yet protected enough.
Key highlights include:
- Ransomware is winning: Cyberattacks caused the most impactful outages for organizations in 2020, 2021 and 2022, according to the report. 85% of organizations were attacked at least once in the past 12 months, up from 76% in last year’s report. Only 55% of encrypted/destroyed data was recoverable from attacks
- Modern Data Protection is needed to keep businesses running: Around four-fifths of organisations have a security gap. 57% of organizations expect to change their primary data protection in 2023 with an increased budget.
- Data protection budgets are increasing by around 5% globally.
- Ransomware is the biggest hindrance to Digital Transformation: IT resources and budgets originally allocated towards Digital Transformation initiatives have pivoted to cyber prevention.
- Container-centric workloads are growing in popularity: 52% of respondents are currently running containers, while 40% of organizations are planning to deploy containers. However, most organizations merely protect the underlying storage instead of holistically protecting the workloads themselves.
Danny Allan, CTO and Senior Vice President of Product Strategy at Veeam, commented, “IT leaders are facing a dual challenge. They are building and supporting increasingly complex hybrid environments, while the volume and sophistication of cyberattacks is increasing. This is a major concern as leaders think through how they mitigate and recover business operations from any type of disruption.
“Legacy backup approaches won’t address modern workloads – from IaaS and SaaS to containers – and result in an unreliable and slow recovery for the business when it’s needed most. This is what’s focusing the minds of IT leaders as they consider their cyber resiliency plan. They need Modern Data Protection.”
WatchGuard
WatchGuard appointed Simon Yeo as Senior Vice President of Operations. Yeo was previously CIO at Barracuda Networks. Before Barracuda, he worked at Upwork, Tout.com, Meebo, and LoudCloud.
Prakash Panjwani, CEO of WatchGuard Technologies, commented, “Simon brings a depth of tech industry expertise to WatchGuard and leadership style that focuses on people, collaboration and integrity. His extensive security knowledge, familiarity with WatchGuard’s products and go-to-market approach, and expertise with digital transformation make him the perfect fit for this role. We are thrilled to welcome Simon to the WatchGuard leadership team.”
