colonial pipeline

Technology giant Olympus hit by BlackMatter ransomware

Olympus said in a brief statement that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detec

Industrial cybersecurity startup Nozomi Networks secures $100M in pre-IPO funding

Nozomi Networks, an industry cybersecurity startup that aims to shield critical infrastructure from cyberattacks, has raised $100 million in pre-IPO funding.  The Series D funding round was led by Tr

This crowdsourced payments tracker wants to solve the ransomware visibility problem

Ransomware attacks, fueled by COVID-19 pandemic turbulence, have become a major money earner for cybercriminals, with the number of attacks rising in 2020. These file-encrypting attacks have continued

To end cyberterrorism, the government should extend a hand to the private sector

The reality is that while companies can get smarter about cyber defenses and users can get more vigilant in their cyber hygiene practices, only the government has the power to end this behavior.

Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo

Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation.  The round was led by Thoma Bravo, which recently bought cybersecurity vendor

Biden’s executive order on cybersecurity should include behavior transparency

The cyber executive order, alongside sanctions on Russia, are strong indications the Biden administration intends to take a far more proactive approach to cybersecurity. But it's not quite enough.

Ukrainian police arrest multiple Clop ransomware gang suspects

Multiple suspects believed to be linked to the Clop ransomware gang have been detained in Ukraine after a joint operation from law enforcement agencies in Ukraine, South Korea and the United States. T

Are we overestimating the ransomware threat?

On Monday afternoon, the U.S. Justice Department said it has seized much of the cryptocurrency ransom that U.S. pipeline operator Colonial Pipeline paid last month to a Russian hacking collective call

The rise of cybersecurity debt

In software development, there is a concept called "technical debt." It describes the costs companies pay when they choose to build software the easy (or fast) way instead of the right way.

FireEye to sell products unit to Symphony-led group for $1.2B

Cybersecurity giant FireEye has agreed to sell its products business to a consortium led by private equity firm Symphony Technology Group for $1.2 billion. The all-cash deal will split FireEye, the ma

GasBuddy tops the App Store for the first time due to Colonial Pipeline attack

The GasBuddy mobile app, which typically helps consumers find the cheapest gas nearby, has now become the No. 1 app on the U.S. App Store for the first time ever, due to the fuel shortages in the U.S.