NIBS (credit image/Pixabay/ Ryan McGuire)Last week saw news pick up. Cowbell announced an extension to its cyber insurance offering while Keepit refinanced $40 million in debt. Exclusive Networks did a deal to bring RPost to its platform, and Netskope was awarded FedRAMP High Authorisation Status.

Viavi released Glacier 8.0, and Vanta appointed a new CISO. Enterprise Times also sat down with James McMurry, CEO of ThreatHunter, and talked about the value veterans bring to organisations on a podcast. Keepit has secured $40 million in debt refinancing from HSBC Innovation Banking. Netskope has achieved FedRAMP High Authorisation for its Netskope GovCloud solution.

Cowbell expands cyber insurance offering

Cowbell expanded its cyber insurance offering to support mid-sized UK businesses with turnover of up to £1 billion. Having only entered the UK market in the middle of 2023, expanding its offering is a significant move for the company.

With offices in Canada, India and the UK, Cowbell has an impressive list of investors. It also has the backing of A+ rated (re)insurers. It is this which gives the company the financial footing from which to grow the company. This latest move now means that it has solutions for 99% of UK businesses.

Exclusive Networks

Exclusive Networks has signed a deal with RPost to add several of its products to the X-OD platform. The deal makes available a number of high-security solutions covering email, documents, forms and e-signatures. There is also an API that Exclusive Networks’ customer base of VARs and MSPs can use to enhance their products.

In addition to adding more solutions and services, Exclusive Networks says that this will lead to higher margins for those using its platform.

FBI

Another criminal caught, prosecuted and sent to jail. Whitney Adams of Hagerstown, Maryland, was sentenced to 48 months in prison and has to pay restitution of over $1 million to 17 victims.

Adams laundered money for scammers using online fraud schemes, including romance fraud. The FBI traced $4,437,604 that was paid into accounts that Adams and others controlled, with the total amount believed to be much larger. One victim lost nearly $5 million, with Adams and her team getting $1 million while the rest went to other individuals. Money collected by Adams was sent to Ghana.

In all, there were over 106 victims of Adams and her partners that were traced by the FBI.

Forescout

A busy week for Forescout with three announcements. Forescout Research has uncovered new evidence about cyberattacks on the Danish and Ukrainian energy sectors. The details are revealed in a report entitled Clearing The Fog Of War. The research showed that previous attribution to the APT Sandworm was not accurate. Among the things it found were that the two attacks attributed to Sandworm used different techniques. It also found the second attack was against unpatched firewalls.

The second announcement is that Forescout is now integrated with ServiceNow to improve OT and ICS asset visibility. Giving security teams real-time OT and ICS asset information reduces the mean-time-to-detect and mean-time-to-respond to threats.

Lastly, Forescout is the latest vendor to become a participant in the Microsoft Security Copilot Partner Private Preview. Barry Mainz, CEO, Forescout, said, “This groundbreaking program is a natural extension of our years-long partnership with Microsoft.”

JumpCloud

JumpCloud has been called one of the Remote Best Midsize Places to Work, Colorado Best Places to Work, and Colorado Best Midsize Places to Work. The award came from Built In, in its 2024 Best Places To Work Awards. This is the fifth consecutive year that JumpCloud has won an award for its remote-first culture.

Amy Moynihan, chief people officer, JumpCloud, said, “Building a strong remote culture doesn’t happen by accident. It takes focus and commitment from leaders at every level. JumpCloud is fostering great leadership with a high degree of transparency across our organization so that every team member feels connected and engaged. We also emphasize support for the whole person, both professionally and personally.

“In a remote culture, lines between work and personal life can easily become blurred. We focus on building a culture where everyone can work in a way that makes sense to them and where they can feel a sense of belonging. This is supported by our employee resource groups, mentorship programs, wellness resources and events, quarterly pulse surveys, and a set of collaboration channels where team members can engage in non-work-related conversations, fostering a sense of community and support.”

It’s a message many companies should take on board.

NOYB

NOYB has updated its complaint about Meta charging users a “privacy fee”. The new complaint that is has filed with the Austrian data protection authority notes even if customers pay for privacy that should be free, there is no simple way to withdraw that at a later date. Such action is in breach of Article 7 of the GDPR which states, “it shall be as easy to withdraw as to give consent.”

ThreatHunter

Enterprise Times recorded a podcast with James “Jim” McMurry of ThreaHunter.AI. As a veteran of the US Coastguard and a business owner, Jim knows only too well the value of veterans to businesses. While we talked about the skills that veterans bring to cybersecurity, we also talked about what veterans bring to businesses and how so many are becoming entrepreneurs.

US Dept of Justice

The US Department of Justice has successfully prosecuted SAP over bribery of government officials in South Africa and Indonesia. The case was brought under the Foreign Corrupt Practices Act (FCPA), and SAP has been fined $220 million.

Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division, said, “SAP paid bribes to officials at state-owned enterprises in South Africa and Indonesia to obtain valuable government business.”

Viavi

Viavi announced v18.17 of its Observer Platform, saying that it delivered significant enhancements. Enhancements to the end-user-experience scoring, application identification and Azure traffic visibility are three of the improvements.

The company also launched the 15th edition of its State of the Network report. It looked at issues faced by networking teams, not least the problem of root-cause analysis. This affects the efficient operation of a network, in particular, bandwidth consumption and problem-solving. Troubleshooting issues on the network is becoming a major drain on network operations teams’ time.

It also has an impact on and impacts cybersecurity investigations. 97% of NetOps teams are involved in the investigation of breaches. It suggests that there is a need for dedication network skills within cybersecurity teams to separate the day-to-day running of the business from the need to secure the business.

Vanta

Vanta has appointed Jadee Hanson as CISO. Hansen is the first CISO that Vanta has appointed. Hansen was previously at Noname Security as a Cybersecurity Advisor and, before that, was the CISO at Code42 for almost six years.

 

Security news from the week beginning 1 January 2024

 

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