The editors at Solutions Review have curated this list of the most noteworthy identity management and information security news for the week of September 9. This curated list features identity management and information security vendors such as CyberRes, Open Raven, Splunk, 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.
Identity Management and Information Security News for the Week of September 9
New CyberRes Voltage File Analysis Suite Enables Proactive Data Protection with SmartScan
CyberRes, a Micro Focus line of business, recently announced a new version of Voltage File Analysis Suite (FAS), a cloud platform that combines the latest in data discovery and data protection. Among the new features in Voltage FAS is SmartScan, a tool for intelligent sampling and dynamic tagging for petabyte-scale data discovery, enabling data analysts to find the areas of higher data risk faster.
KeyBank: Hackers of Third-Party Provider Stole Customer Data
Hackers stole personal data, including Social Security numbers, addresses, and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July 5 after breaking into computers at the insurance services provider Overby-Seawell Company, according to a letter that Cleveland-based KeyBank sent to affected residential mortgage customers. KeyBank, which operates in 15 states and has close to $200 billion in assets, would not say how many of its customers were affected or answer any other questions about the breach. In a statement, it said it was notified of the data theft on Aug. 4, and KeyBank systems and operations were unaffected.
Huge Los Angeles Unified School District Hit by Cyber-Attack
A ransomware attack targeting the vast Los Angeles school district prompted an unprecedented shutdown of its computer systems as schools increasingly find themselves vulnerable to cyber breaches at the start of a new year. The attack on the Los Angeles Unified School District sounded alarms across the country, from urgent talks with the White House and the National Security Council after the first signs of ransomware were discovered late Saturday night to mandated password changes for 540,000 students and 70,000 district employees.
Ireland’s Privacy Watchdog Fines Meta $400M for Mishandling User Data
Ireland’s data watchdog, the Data Protection Commission, handed Meta a 405 million euro ($403 million) fine earlier this week. The DPC fine was given to Instagram for failing to protect children’s privacy on its platform. The fine was partly based on the fact Instagram had allowed children to operate business accounts on its platform. Instagram business accounts show the account holder’s phone number and email address, meaning that data was exposed. The fine is the second-biggest issued to a tech company under Europe’s GDPR data protection laws. The largest was an $887 million fine issued to Amazon in July 2021.
Thales TCT Launches New Compact Cryptographic Key Management
Thales Trusted Cyber Technologies (TCT), a provider of cybersecurity solutions, announced the launch of its new compact cryptographic key management platform, CipherTrust k160. CipherTrust k160 protects and manages cryptographic keys and associated policies used to encrypt the most sensitive data-at-rest. CipherTrust k160’s small form factor allows it to be easily deployed in any environment while still providing the best-in-class security features customers are accustomed to finding in the CipherTrust product family. With standard security features, user interfaces, and reporting mechanisms across the entire CipherTrust product family, agencies can leverage their investment in training, security evaluations, and compliance procedures to deploy core-level cryptographic key management capabilities to the edge using the CipherTrust k160.
Rubrik Surpasses $400 Million in Subscription ARR.
Rubrik, the Zero Trust Data Security Company, announced it surpassed $400 million in software subscription annual recurring revenue (ARR) to date, growing over 100 percent year over year. The company has achieved a net dollar retention rate greater than 140 percent based on its ability to retain customers and expand within the customer base. Today, over 4,500 customers around the world and across multiple industries rely on Rubrik to help them secure their data and keep their business running, including BMO Financial Group, Citigroup, Estee Lauder, Fiserv, The Home Depot, and many others. The company also announced the launch of Rubrik Zero Labs, Rubrik’s new cybersecurity research unit, to analyze the global threat landscape, report on emerging data security issues, and give organizations research-backed insights and best practices to secure their data against the increasing threat of cyber events.
Code42 Instructor Uses Security Education to Scale Effective Response to Data Exfiltration
Code42 Software, Inc., an Insider Risk Management (IRM) leader, launched a new integration between its two leading IRM solutions – Instructor and Incydr – to accelerate and scale in-the-moment response to risky employee behaviors. The new capability allows security, compliance, and education teams to immediately send corrective lessons triggered by employee actions that create risk for the business. For example, when the Code42 Incydr product flags file movement to an untrusted location, like an unauthorized cloud application, the correct activity is sent to educate the employee in real-time.
Neustar and LiveVox Join Forces to Improve Outbound Customer Contactability
Neustar Inc., a TransUnion company, and LiveVox Holdings, Inc., a cloud-based provider of customer service and digital engagement tools, are collaborating to help improve outbound customer contactability. The partnership integrates Neustar Caller Name Optimization (CNO) and SmartDial solutions into LiveVox’s four separate outbound dialing solutions that help increase contact rates and improve engagement while helping to mitigate compliance risk. LiveVox customers can now more easily mitigate compliance risk and minimize dials by automatically leveraging the correct number, day, and time to reach the right party. In most cases, the solutions take just two weeks to implement. These capabilities will be available to LiveVox’s customers in the financial services, healthcare, telecom, lead generation, and collections industries, among others.
Open Raven Raises $20M in Series B.
Open Raven, a data security posture management company, helping enterprises prevent leaks, breaches, and compliance incidents, announced it raised $20M in Series B funding. Pelion Ventures led the round with participation from existing investors Kleiner Perkins and Upfront Ventures. This increases Open Raven’s total funding to date to $40M. Jeff Kearl, Partner at Pelion, joined Open Raven’s Board of Directors and Seksom Suriyapa from Upfront Ventures.
Splunk Appoints Jason Lee as Chief Information Security Officer
Splunk Inc., a leader in security and observability, announced that Jason Lee has been appointed as the Company’s Chief Information Security Officer (CISO), effective immediately. Lee will oversee all facets of global security to protect Splunk employees and customers, including cloud and application security, operations, threat management, penetration testing, risk, and customer trust. Lee brings two decades of experience in technology with a strong focus on information security and operating mission-critical services. Most recently, he served as CISO of Zoom, where he was responsible for the security of the platform and its customers, which include some of the world’s largest enterprises. Prior to Zoom, Lee served as Senior Vice President of Security Operations at Salesforce. He also spent more than 15 years at Microsoft, where he held various security operations roles.
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