Discontent with legacy SIEM offerings and Cisco's proposed acquisition of Splunk have driven "a significant and pronounced increase in interest" in CrowdStrike's SIEM offering. LogScale hit the $100 million ARR milestone last quarter thanks to its search speed, data gravity and cost efficiency.
As digitization, tools, and the attack surface increase — all against the backdrop of a global shortage of cyber talent — the need to reduce risk in an organization has never been more evident.
Safeguarding unmonitored channels is imperative. Chris Lehman, CEO of SafeGuard Cyber, highlighted the challenges enterprises face. No matter how many training or awareness programs are in place, Lehman said, "humans are always going to be the biggest wild card in your security strategy."
This week, Information Security Media Group editors covered the hot topics at ISMG's Cybersecurity Summit: Mumbai, including redefining cybersecurity leadership, understanding your adversary's next move and the debate over how to tackle cyber extortion.
Splunk has executed its second round of layoffs since February, axing 7% of its workforce weeks after Cisco announced plans for a $28 billion acquisition. Splunk will reduce its 8,000-person staff by 7% or approximately 560 positions. Most of the jobs being cut are in the United States.
Two cybersecurity vendors are laying off a sizable chunk of their staff, with Exabeam axing 20% of its workforce and F-Secure cutting up to 70 employees. Exabeam eliminated roughly 134 positions this week, while F-Secure wants to shrink its workforce by nearly 14%.
A mid-market security operations vendor founded by a ex-Marine Corps officer closed its Series B funding round to pursue a product-led growth strategy. Washington D.C.-based Adlumin will use the $70 million to launch free tools in the cloud configuration and remote monitoring and management spaces.
In our latest weekly update, ISMG editors discuss key takeaways from a forum on developing a strategy for OT security, guidance issued by the U.S. Food and Drug Administration on cybersecurity in medical devices, and how the acquisition of Splunk by Cisco might affect the cybersecurity industry.
Security practitioners are skeptical of Cisco's proposed $28 billion Splunk purchase given the networking giant's track record around funding and investing in previous acquisition targets. Forrester's Allie Mellen expects some customers to try out other SIEM tools given Cisco's heritage in hardware.
Security Information and Event Management (SIEM) solutions have been around for more than 20 years in various incarnations. In the original SIEM models, the operational back end was entirely on-premises from the databases to the front-end applications, including user interfaces, case management features, and...
Cisco's proposed $28 billion buy of Splunk allows businesses to move from threat detection and response to threat prediction and prevention by combining XDR and SIEM. The deal brings together Cisco's newly released XDR platform with Splunk's long-standing SIEM technology.
It turns out SIEM isn't on life support after all. Cisco is providing 28 billion reasons to believe enterprises aren't scrapping the security operations center staple anytime soon, even though rivals with other types of security technology have attempted to write SIEM's obituary for years.
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