The economic downturn has laid bare just how much of a disaster special purpose acquisition companies have been for the cyber industry. Despite this, confidential computing security vendor Hub decided to try its luck with a SPAC. So far, Hub's time on the Nasdaq Stock Exchange hasn't gone well.
Identity verification and e-signature firm OneSpan is working with investment bank Evercore on a sale process that could attract interest from other businesses and private equity firms, Reuters reported. This follows five publicly traded cyber vendors agreeing to go private since the start of 2022.
In the 21-month stretch from October 2020 to June 2022, a whopping 48 cybersecurity startups received 10-figure valuations as investors evaluated prospects on potential rather than performance. Now that the financial boom has gone bust, what happens to these unicorns from a different economic era?
AT&T wants to unload its cyber assets just five years after doubling down on security through its $600 million purchase of threat intelligence vendor AlienVault. The Dallas-based carrier has been working with British banking firm Barclays to solicit bids for its cybersecurity business, Reuters said.
The cybersecurity industry experienced a dramatic drop-off in funding, stock prices and M&A activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, Momentum Cyber found.
Thoma Bravo, Vista Equity Partners and rival Francisco Partners have set their sights on a new target: Sumo Logic. Each of the three private equity firms has approached the Silicon Valley-based data analytics software vendor expressing interest in a possible acquisition, The Information reports.
After two sensational years in the public markets during the height of COVID-19, 2022 was a rude awakening for the cybersecurity industry. The four-headed monster of inflation, interest rate hikes, supply chain shortages and the ongoing Russia-Ukraine war dragged most stock prices down.
Staying one step ahead of both threat actors and competitors is a tall task for Palo Alto Networks given the breadth of its cybersecurity portfolio. Palo Alto Networks has committed to having best of breed features and functionality in each of the technology categories where it chooses to play.
Cybereason has abandoned its IPO plans altogether and hired JPMorgan Chase to find a buyer, The Information reported Friday. Why is Cybereason no longer poised to make it to the IPO Promised Land? An unfavorable competitive environment and a muddled go-to-market strategy provide some clues.
Palo Alto Networks has scaled back its M&A ambitions, walking away from a $600 million deal for Apiiro in favor of buying Cider Security for $200 million. Palo Alto says it abandoned the negotiations over irreconcilable differences in the valuation of Apiiro's code risk platform business.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Multifactor authentication was supposed to be the standard, but the sharp rise in highly successful MFA bypass attacks shows the industry needs to go further in verifying identities. Keynote speakers at Authenticate 2022 said the future of passwordless technology could answer this latest threat.
The steady barrage of acquisition reports around publicly traded digital experience vendor Akamai has intensified in recent weeks. The latest salvo landed Monday when StreetInsider reported that the intelligent edge platform provider held talks with a private equity firm about a potential takeover.
Palo Alto Networks has been in a 19-month dry spell when it comes to major acquisitions, but it looks like that's about to change. Israeli business publication Calcalist reported Monday the firm is closing in on a deal to buy New York-based code risk platform provider Apiiro for around $600 million.
Security executives at Black Hat USA 2022 discuss the latest cybersecurity trends from confidential computing and unified threat hunting languages to attack surface management and recovery services, social engineering campaigns and blockchain vulnerabilities.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.
