Endpoint Security and Network Monitoring News for the Week of May 24; Bugcrowd, Bolster, SlashNext, and More

The editors at Solutions Review have curated this list of the most noteworthy endpoint security and network monitoring news for the week of May 24. This curated list features endpoint security and network monitoring vendors such as Bugcrowd, Bolster, SlashNext, and more.

Keeping tabs on all the most relevant endpoint security and network monitoring news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last month in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy endpoint security and network monitoring news items.

Endpoint Security and Network Monitoring News for the Week of May 24

Bugcrowd Acquires ASM Vendor, Informer

Bugcrowd, a leading provider of crowdsourced security, this week announced it has acquired Informer, a provider of external attack surface management (ASM) and continuous penetration testing. By integrating Informer’s expertise and technologies into its portfolio, Bugcrowd will further accelerate its reach and capabilities to customers globally. Further terms of the transaction were not disclosed. “I am excited to welcome Informer to the Bugcrowd team,” said Dave Gerry, CEO, Bugcrowd. “This marks the first acquisition following our $102 million fundraise and underscores our dedication to ongoing growth and innovation. Our mission is to develop a platform that anticipates and predicts cyber risks. By nurturing a trusted community built on the collective ingenuity of organizations, hackers, and security professionals, we aim to mitigate risk across all applications, systems, and infrastructure. We are committed to evolving both organically and through acquisition, and we will continue to deliver the best possible experience to our customers. I am confident that this addition to the Bugcrowd Team and platform will greatly benefit our customers, employees, and shareholders.”

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Camelot Secure Achieves Cybersecurity Excellence Awards Trifecta

Camelot Secure, a cybersecurity solutions provider, announced this week that the company has been honored with three cybersecurity distinctions from the 2024 Cybersecurity Excellence Awards panel. These include CEO of the Year, Best Cybersecurity Startup, and Cybersecurity Product. “We congratulate Camelot on being recognized for three awards in the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn. “With hundreds of entries across more than 300 categories, the awards are highly competitive. We have found that Camelot’s achievements reflect an outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”

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Bolster Announces $14M Series B Funding

Bolster, a leader in email security and phishing protection solutions, announced a $14 million Series B financing round led by new investor M12, Microsoft’s venture fund. Existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital also participated. The financing brings Bolster’s total funding to over $40 million. “Having observed the email security landscape for over twenty years, it’s evident that traditional methods are failing to keep pace. The advent of generative AI in the arsenal of cyber attackers signals a troubling escalation in the severity of business email compromise and phishing threats. Monitoring Bolster’s journey from its early days, I am thoroughly impressed by their innovative application of AI to proactively identify and neutralize fraudulent activities by targeting the very infrastructure of these attacks,” said Todd Graham, Managing Partner at M12.

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Deepfence CNAPP Adds Runtime Protection and API Security for Generative AI Applications

This week, Deepfence, a cloud appsec solutions provider, unveiled new capabilities for its cloud native application protection platform (CNAPP), ThreatStryker. ThreatStryker is now potentially the first platform to provide full traffic and application layer visibility to large language models (LLMs) along with detection and response based on industry-standard frameworks, including OWASP Top 10 and MITRE ATLAS TTPs. Customers gain the ability to secure and protect workloads across generative AI and API security use cases. This enables them to substantially reduce MTTD and MTTR and write proactive security policies that keep their environment secure.

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DigiCert Unveils IOT Device Platform, Device Trust Manager

DigiCert, a leading global provider of digital trust, this week announced the launch of DigiCert Device Trust Manager, designed to safeguard IoT devices throughout the entire lifecycle. The new Device Trust Manager addresses the critical needs of device manufacturers for an integrated and scalable solution to secure IoT devices, manage complex compliance requirements, and ensure operational and device integrity amidst growing threats targeting devices. “With Device Trust Manager, DigiCert is reinforcing its commitment to digital trust in the rapidly expanding IoT landscape,” said Deepika Chauhan, Chief Product Officer, DigiCert. “We’re excited to introduce this integrated platform to new and existing customers, transforming IoT device security with comprehensive protection throughout the device lifecycle. Device Trust Manager checks all the IoT boxes, except the one labeled ‘Ship and Pray.'”

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SlashNext State of Phishing Report: 341 Percent Increase in BEC and Advanced Phishing Attacks

SlashNext, an email and appsec solutions provider, released its 2024 Mid-Year Assessment on The State of Phishing. This report is an update to SlashNext’s annual State of Phishing report, which the SlashNext Threat Labs team last issued in October 2023. The surge in phishing attacks reported at that time prompted the team to conduct another comprehensive analysis at the six-month mark to determine if the upward trend was persisting, especially as threat actors continue to leverage generative AI tools to aid their phishing, business email compromise (BEC) and other social engineering attacks. Fueled by AI-generated attacks, the Mid-Year Assessment revealed a 341 percent increase in malicious phishing link, BEC, QR Code and attachment-based email and multi-channel messaging threats in the last six months alone. This was on top of a staggering 856 percent increase in malicious email and messaging threats over the prior 12 months. And, since the launch of ChatGPT in November 2022, there has been a 4,151 percent increase in malicious phishing messages sent.

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Expert Insights Section

Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from Insight Jam, Solutions Review’s enterprise tech community for business software pros. The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, trends and predictions, and vendor-neutral software evaluation tools.

Broadcom Returns for Another Solution Spotlight Event on June 13

With the next Solution Spotlight event, Solutions Review’s team has again partnered with Broadcom, a leader in cybersecurity and network monitoring solutions. Join Alec Pinkham, Product Marketing Manager for AppNeta by Broadcom, for a look into the best practices of monitoring and observability for the end-to-end network delivery paths that your business relies on. This will include a demo of how to isolate where issues are degrading performance by isolating the error domain for problems down to the network hop.

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