Identity Management and Information Security News for the Week of September 15; Binalyze, ConnectWise, Deduce, and More

The editors at Solutions Review have curated this list of the most noteworthy identity management and information security news for the week of September 15. This curated list features identity management and information security vendors such as Binalyze, ConnectWise, Deduce, 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.

Widget not in any sidebars

Identity Management and Information Security News for the Week of September 15

Binalyze Secures $19 Million in Series A Funding

Binalyze, a provider of Digital Forensics and Incident Response (DFIR) solutions, this week announced it has raised a $19M Series A round of funding. This round was led by Molten Ventures with participation from existing investors, Earlybird Digital East and OpenOcean, and new strategic investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital. Binalyze plans to use this next phase of its growth to strengthen its market outreach team, further its R&D efforts by integrating Artificial Intelligence/Machine Learning (AI/ML) into incident response processes, and amplify its worldwide customer support.

Read on for more.

QuSecure Becomes Industry’s First Ever PCQ Solution Available via GSA Multiple Award Schedule

QuSecure, Inc., a leader in post-quantum cryptography (PQC), this week announced that its state-of-the-art PQC products are now available through the General Services Administration (GSA) Multiple Award Schedule (MAS). This strategic move enhances QuSecure’s commitment to delivering advanced cybersecurity technologies to federal government agencies and the broader public sector, ensuring data protection against the emerging threats of AI (Artificial Intelligence) and quantum computing.

Read on for more.

MGM Cyberattack Claimed by ALPHV/BlackCat Ransom Gang

New information has surfaced claiming the ALPHV/BlackCat ransomware group is responsible for Monday’s debilitating cyberattack on MGM Resorts International. With rumors about a large ransom payment swirling, some insiders say the Las Vegas-based firm may not even be able to pay its employees come Friday. According to a post Tuesday night by the malware repository vx-underground, the ransom gang was able to breach the entertainment and hospitality giant through a social engineering attack. “All ALPHV ransomware group did to compromise MGM Resorts was hop on LinkedIn, find an employee, then call the Help Desk. A company valued at $33,900,000,000 was defeated by a 10-minute conversation,” vx-underground posted on X (formally known as Twitter).

Read on for more.

SecurityScorecard Joins Forces with Measured Analytics and Insurance

SecurityScorecard this week announced an alliance with Measured Analytics and Insurance, an “AI-powered” cyber insurance provider. The initiative delivers the first cyber insurance premium incentive (e.g., discounts) for Security Ratings. The alliance between SecurityScorecard and Measured Insurance equips organizations with data-driven cyber risk insights to validate their defenses, prioritize investments, and strengthen proactive cybersecurity strategies.

Read on for more.

ConnectWise Announces Integrations with Microsoft

ConnectWise, a cybersecurity solutions provider, this week announced that ConnectWise MDR will be integrated with Microsoft’s small and medium business focused security solutions. This collaboration enables strengthened cybersecurity management for companies worldwide, through the integration of ConnectWise MDR and Microsoft Defender for Business standalone and as part of Microsoft 365 Business Premium. ConnectWise MDR with Microsoft Defender for Business is available to technology solution providers through ConnectWise. With this new integration from ConnectWise, TSPs and MSPs gain “enterprise-grade” cybersecurity solutions such as detecting and responding to clients’ threats in real-time, defending client endpoints from security threats, and security operations center (SOC) team support with certified security analysts.

Read on for more.

Cowbell Partners with Zywave

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), this week announced its partnership with Zywave, a provider of insurtech solutions. The collaboration marks the first standalone cyber insurance offering on Zywave’s Hub, which provides MGAs, wholesale brokers, and retailers, with quicker access to modernized cyber insurance products. Expanding Zywave’s offerings through Cowbell’s advanced technology and quality insurance programs provides a new and improved way for brokers to sell cyber insurance to their clients.

Read on for more.

The Syndicate Group (TSG) Announces Strategic Investment in Veza

Veza, an identity security company, and The Syndicate Group (TSG), a leading venture firm, this week announced a strategic investment. The new capital will be used to accelerate the execution and growth of Veza’s channel partnership program as the company leverages TSG’s growing network of leading channel partners and investors. With a demonstrated history of investing in disruptive, category-creating companies and helping them accelerate revenue growth, the partnership with TSG will provide both strategic and tactical go-to-market counsel to expand Veza’s market presence in the channel community.

Read on for more.

Deduce Raises $9M to Tackle AI-Generated Identity Fraud

This week, Deduce, an identity fraud prevention solutions provider, announced $9M in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures. The funding will launch Deduce’s GenAI Identity fraud solution out of stealth and help the company scale to prevent identity fraud across multiple verticals, including the financial service industry, fintech, and e-commerce. Deduce utilizes multi-contextual intelligence to gather and analyze extensive real-time data from diverse sources to recognize identity patterns and flag the digital forensics patterns created by AI-generated fraud. By leveraging these patterns, Deduce can identify unusual behavior in otherwise normal-looking identities and flag them for review. The Deduce AI-generated identity fraud solution is currently available through industry-leading partners, including Experian, ForgeRock, Auth0, and Ping Identity.

Read on for more.

Expert Insights Section

Watch this space each week as Solutions Review editors will use it to share new Contributed Content Series articles, Contributed Shorts videos, Expert Roundtable and event replays, and other curated content to help you gain a forward-thinking analysis and remain on-trend. All to meet the demand for what its editors do best: bring industry thought leaders together to publish the web’s leading insights for enterprise technology practitioners.

Connecting the Dots: A Security Team’s Guide to Reducing Cyber Fatigue

Avkash Kathiriya of Cyware connects the dots to see the big picture in reducing cyber fatigue amongst security teams. Layers of security. New applications, new tools, new tech. With seemingly nonstop advancements, you’d think cybersecurity defense would have gotten easier. The reality is security teams are overwhelmed, overstretched, and burning out. Large enterprises often manage more than 100 security tools. A robust tech stack can help, but in an attempt to bolster our security architecture, we have created a data labyrinth that exacerbates the problems we are trying to solve. As useful as these tools are on their own, they are often incompatible with each other. To get ourselves out of the complexity, we must get better at connecting the dots.

Read on for more.

How US Companies Balance GDPR Compliance with International Data Transfers

Ameesh Divatia of Baffle takes a closer look at the world of GDPR compliance and international data transfers. Some may be under the impression that transfers can occur by simply earning DPF certification without concern of falling outside of GDPR compliance— but that would be a mistake. In 2021 — in response to the elimination of the Privacy Shield — the European Data Protection Board adopted six recommendations that companies should follow when transferring EU consumer data internationally. In addition to DPF certification, companies transferring data from the EU to the U.S. should integrate these six suggestions to ensure GDPR compliance. Let’s take a closer look at those recommendations and what they mean.

Read on for more.