SolarWinds, Verizon, Cyxtera, and Arctic Wolf – Business Security Weekly #69

In the Security News, Paul and Michael discuss SolarWinds acquiring LOGGLY (undisclosed), Verizon acquires Niddel, Cyxtera Technologies acquires Immunity (undisclosed), and Arctic Wolf raised $16M in Equity! All that and more on this episode of Busines… Continue reading SolarWinds, Verizon, Cyxtera, and Arctic Wolf – Business Security Weekly #69

Verizon acquires startup Niddel and its automated threat hunting platform

Verizon acquired automated threat hunting startup Niddel, according to a company release issued Friday. The price of the acquisition was not disclosed. Founded in 2014, Niddel offers a platform called Magnet that relies on machine learning, removing the need for human analysts to write code or process data in order to stop threats. Founded by three computer scientists with Brazilian backgrounds, the company was awarded a U.S. patent for “Systems and methods for classifying malicious network events” in 2016. “Verizon is the perfect partner to accelerate our long-term vision of delivering automation and intelligence solutions through machine learning to more organizations throughout the world,” said Niddel CEO Felipe Boucas. “Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities,” said Alexander Schlager, Verizon’s executive director for security services, in a release. Verizon has long offered a wide array of cybersecurity services, […]

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The seven most colossal data breaches of 2017

This year saw a handful of spectacularly bad security fails that resulted in massive sets of compromised data. Here are the most colossal data breaches of 2017.
Categories:

Cybercrime
Hacking

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How Verizon delicately handled the Yahoo breach

While the tech world was left spinning in late 2016 when it was discovered that Yahoo suffered a massive breach, Verizon stayed calm. In the 72 hours immediately following the disclosure, the telecommunications giant which was moving to acquire Yahoo, reportedly made no snap judgments or assumptions, said Craig Silliman, Verizon’s EVP of Public Policy and General Counsel. After aligning their strategic interests with Yahoo, Silliman said that his first question was to ask about “the effect on the reason [Verizon] was buying this asset in the first place.” “We bought Yahoo for user and user engagement,” he said at the Wall Street Journal’s Cybersecurity Executive Forum in New York Wednesday. “So when you have a breach on the user, how that company reacts is important.” Silliman said he spent countless hours talking to C-suite level executives from both Verizon and Yahoo in the wake of the breach. During and […]

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Florida-based credit firm left 111GB of sensitive customer data exposed on AWS server

A Florida-based credit repair company left 111 gigabytes of extremely sensitive customer information and internal company data publicly accessible on the internet possibly for up to two years. The National Credit Federation publicly exposed 47,000 files that included customer names, addresses, dates of birth, driver’s licenses, Social Security cards, credit reports, financial histories, credit card numbers and bank account numbers, according to Chris Vickery, a researcher at the cybersecurity firm UpGuard. File upload dates suggest the public exposure extends back to June 2015. Vickery discovered the data after finding an Amazon Web Services S3 cloud storage bucket used by the company was configured for public access. NCF’s exposure is the latest in a string of organizations leaving sensitive data accessible by the public via an S3 instance. There have been similar incidents impacting the National Security Agency, Department of Defense, Viacom and Verizon, all of which have been discovered by Vickery “This wasn’t secure whatsoever,” Vickery said of […]

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