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Security

IDC: Security Spending to Reach $120bn in 2021

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IDC: Security Spending to Reach $120bn in 2021

According to IDC global spending on security-related hardware, software and services will reach $119.9 billion in 2021 with a CAGR of 9.6% over the 2016-2021 forecast period.

As for 2017, spending on security products and services is to reach $83.5bn, a 10.3% increase over 2016.

"Three overarching trends are driving security spending-- a dynamic threat landscape, increasing regulatory pressures, and architectural changes spurred by digital transformation initiatives," the analyst remarks. "While IDC expects spending to continue growing, organisations are actively searching for product and service efficiencies that maximize spend in order to fully address such complex challenges."

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Akamai Fights Bots With Bot Manager Premier

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Akamai Fights Bots With Bot Manager Premier

Akamai announces an addition to the Cloud Security portfolio-- Bot Manager Premier, a means for organisations to manage the impact of bots across websites, mobile applications and web API.

According to a Ponemon Institute survey commissioned by Akamai, 54% of respondents report an increase in both number and severity of credential stuffing attacks. Making matters worse, 68% of respondents lack visibility into credential stuffing attacks, while 70% believe existing solutions are not sufficient to prevent such attacks. Enter Bot Manager Premier, designed to address several bot use cases as efficiently and effectively as possible.

Bot Manager Premier features behaviour anomaly analysis capabilities the compan claims can successfully detect many sophisticated bots. Based on technology from 2016 acquisition Cyberfend, it even handles bots able to continually modify behaviour in order to evade detection.

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LMNTRIX Brings Ian Murphy as EMEA VP

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LMNTRIX Brings Ian Murphy as EMEA VP

LMNTRIX-- the latest brainchild of Carlo Minassian, founder of MSSP pioneer earthwave-- names industry veteran Ian Murphy as vice president leading its EMEA business.

Murphy has almost 25 years of experience in both private and public sectors. His employers include the UK Ministry of Defence, Symantec and, most recently, DXC Technology, where he was lead security architect. In addition he also worked with multiple channel organisations, including CSC and Dimension Data.

“There’s such a strong desire in the channel to move into advanced threat detection and incident response services, but before LMNTRIX it was either too difficult, too costly or-- more commonly-- both," Murphy says. “What’s so different about LMNTRIX is that its offering is not only revolutionary from a technology stack point of view, but it is also evolutionary for partners as it enables them to take their businesses to the next level.”

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Malware Found in CCleaner Software!

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Malware Found in CCleaner Software!

Piriform admits legitimate downloads of its CCleaner software carry a "multi-stage malware payload"-- essentially a backdoor allowing hackers to install ransomware or keyloggers to further infect PCs.

According to the company around 2.27 million users ran the affected software (specifically CCleaner version 5.33.6162 and CCleaner Cloud version 1.07.3191) following download from a hacked server. The company says the situation could have been a lot worse, since CCleaner gets around 5 million new users per month, for a total of over 2 billion downloads.

It also says the affected version is already updated, and it was "able to disarm the threat before it was able to do any harm" following initial warnings from security researchers at Cisco and Morphisec. According to the Cisco Talos research unit the affected CCleaner infects computers through the inclusion of remote administration tools that, once installed, connect to several unregistered websites in order to download more unauthorised programs.

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Juniper Buys Cyphort

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Juniper Buys Cyphort

Juniper boosts its Sky advanced threat prevention (ATP) through the acquisition of Cyphort, a startup specialised in security analytics for advanced threat defense.

Financial details of the deal are not available.

Cyphort offers an open-architecture platform complete with a machine learning-powered analytics engine. It integrates with existing security tools to help mid-size and large enterprises find threats able to bypass first-line security efforts. Post-acquisition, Cyphort technology will be integrated in both cloud and on-premises Sky offerings.

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