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Identity Management and Information Security News for the Week of October 27; Veeam, At-Bay, Watchguard, and More

Identity Management and Information Security News for the Week of October 27

Identity Management and Information Security News for the Week of October 27

The editors at Solutions Review have curated this list of the most noteworthy identity management and information security news for the week of October 27. This curated list features identity management and information security vendors such as Veeam, At-Bay, Watchguard, and more.

Keeping tabs on all the most relevant identity management and information security 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 identity management and information security news items.


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Identity Management and Information Security News for the Week of October 27


Veeam and Sophos Announce Strategetic Partnership

Veeam Software, a data protection and ransomware recovery solutions provider, this week announced a strategic partnership with Sophos, a global leader in cybersecurity as a service. Through the partnership, Veeam Data Platform will integrate with Sophos Managed Detection and Response (MDR), adding a critical layer of “human-led” threat detection and response to advance the security of business-critical backups against ransomware attackers.

Read on for more.

FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto

The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using cryptocurrencies, according to court documents filed Wednesday in the Southern District of New York. The details, disclosed in the unsealed affidavit of an FBI agent seeking the individuals’ arrest, reveal that between July 2021 and September 2023 they conducted the illegal business by using the darknet to convert bitcoin or other cryptocurrencies into cash.

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At-Bay Launches New Managed Detection and Response (MDR) Cybersecurity Solution for SMBs

At-Bay, an insurance security solutions provider, announced the launch of At-Bay Stance Managed Detection and Response (At-Bay Stance MDR)– a new MDR solution designed to help emerging and mid-sized businesses “advance their security defenses and threat preparedness in light of rising cyber crime rates.” At-Bay’s MDR offering combines technology with human analysis to detect and respond to cyber threats before they escalate. Alongside the rest of At-Bay’s Stance portfolio, At-Bay’s newest security solution extends its capabilities to include managed endpoint protection.

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Cyber Security and Insurance Platform Upfort Raises $8 Million in Series A Funding

Upfort, a cyber security and insurance platform, this week announced it has raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. This investment advances Upfort’s goal to “simplify the way brokers and insurers sell insurance and shield their clients from cyber threats.”

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1Password Becomes Latest Victim of Okta Customer Service Breach

Password manager 1Password has become the second publicized victim of Okta’s recent customer support breach, news of which came to light last week. It is just the latest in a string of cyberattacks aimed at gaining access to highly privileged Okta accounts. Okta, a cloud-based, enterprise-grade identity and access management (IAM) service that connects enterprise users across applications and devices, is used by more than 17,000 customers globally. On Friday, it disclosed that a threat actor had used stolen credentials to access its customer support case management system. The attacker then leveraged its access to penetrate some of those thousands of customers via their recent customer support engagements.

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WatchGuard Launches MDR Service

Watchguard, a cybersecurity solutions provider, announced the launch of WatchGuard MDR, a new 24/7 cybersecurity service purpose-built to “make MDR vastly more accessible to managed service providers (MSPs) working to address soaring customer demand for managed cybersecurity delivery.” Highly customizable and scalable, this new MDR service further strengthens WatchGuard’s Unified Security Platform architecture, providing advanced threat detection and response capabilities on top of WatchGuard EDR, EPDR, and Advanced EPDR that empower MSPs to build out robust, comprehensive security offerings for their customers. It comes with the support of WatchGuard’s automated Zero-Trust Application Service, Threat Hunting Service, advanced security analytics, threat intelligence, and a dedicated team of skilled cybersecurity analysts that monitor, detect, and respond to threats 24/7.

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Expert Insights Section

Insight Jam

Watch this space each week as our editors will share the best written and video 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.

 

Navigating the Storm: A New Era of Cybersecurity Training and Defense

William Agadzi, advisor to Noname Security, serves as our guide through the digital storm with best practices for cybersecurity training in the new era. Imagine the shockwaves reverberating through Retool, a developer platform, when they discovered a few weeks ago that they had been breached through an SMS-based phishing attack, impacting 27 of their cloud customers. The operational impact was significant; the reputational, financial, and legal impacts loom. Another recent example is the breach at Okta, where cyber-criminals used a stolen credential to access their support case management system, impacting some customers. These incidents, amidst the turbulent waves of the shifting cybersecurity landscape, are far from isolated. Many organizations, relying on vendor-provided training modules, find themselves grappling with real threats that evolve faster than their defenses – and their training – can keep pace.

Read on for more.


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