New infosec products of the week: June 21, 2019

Scytale Enterprise version 1.0 to scale service-to-service authentication Scytale released Scytale Enterprise 1.0, a SaaS platform that enables security and infrastructure engineers to standardize, scale, and accelerate service-to-service authenticatio… Continue reading New infosec products of the week: June 21, 2019

Arctic Wolf Managed Risk solution provides proactive vulnerability management services

Arctic Wolf Networks, a leading security operations center (SOC)-as-a-service company, announced the Arctic Wolf Managed Risk solution to provide proactive identification, analysis, and prevention of vulnerabilities. “Companies know that they need to r… Continue reading Arctic Wolf Managed Risk solution provides proactive vulnerability management services

Arctic Wolf Networks raises $45 million for cloud SOC platform

Arctic Wolf Networks, a company that sells a “SOC-as-a-service” platform, announced on Thursday that it raised $45 million Series C funding. The company provides a cloud-based security operations center (SOC), which gives customers access to Arctic Wolf’s AI-dirven threat detection platform as well as its “Concierge Security Engineers.” The offering is meant to give customers threat detection capabilities without having to built their own on-premise SOC. Arctic Wolf argues that this approach is more economical given the shortage of cybersecurity skills and “cost-prohibitive nature” for building a SOC from scratch. CEO and co-founder Brian NeSmith said in a press release that the new funding will go toward further developing Arctic Wolf’s vulnerability assessment and endpoint detection and response (EDR) capabilities. “Our growing team of security engineers is redefining the economics of security to protect companies of all sizes,” NeSmith said in a press release. “In addition to supporting continued company […]

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Arctic Wolf announces $16 million funding round

Arctic Wolf Networks announced a $16 million funding round Wednesday, boosting its SOC-as-a-service product. Led by Sonae Investment Management, the investment into the Sunnyvale, California company bolsters the coffers for a firm that is looking to scale up at a time when managed security services are gaining popularity. Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory also participated in the funding. Arctic Wolf sells a cloud security operations center (SOC) so that clients can subscribe into a ready-made SOC-as-a-service, instead of building out their own expensive and complex threat detection center. Arctic Wolf’s “Concierge Security Engineers” are meant to be an extension of any company’s normal IT team. The company’s founder and CEO is Brian NeSmith, who was formerly the CEO of Blue Coat Systems. Blue Coat, which sells Deep Packet Inspection technology among other products, was named an “enemy of the internet” in 2013 by Reporters Without Borders for selling potent surveillance […]

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13% of SMBs have experienced an IoT-based attack

One in four companies have already experienced a ransomware attack and one in eight have dealt with an IoT-based attack, according to Arctic Wolf Networks. As mid-market companies continue to embrace IoT without implementing the necessary security tools, these attacks and vulnerabilities will persist. Despite the lack of precautionary measures, organizations are well aware of the threat, with over 70 percent of respondents expressing concern about an IoT-based ransomware attack. “The next chapter in the … More Continue reading 13% of SMBs have experienced an IoT-based attack