Tag Archives: security

acquisition, cyber security, Intel, McAfee, News & Analysis

Intel reported to be looking for security exit

IntelAlmost six years after purchasing antivirus specialists McAfee, Intel is reported to be in the market to sell off its security arm, according to the FT.com.

Intel has yet to make a comment on the speculation, though those close to the deal expect it to be one of the largest in the security sector to date. The company initially announced the McAfee acquisition in August 2010 for $7.6 billion at a time where the concept of IoT was beginning to gain traction, and the size of the online security challenge was being realized.

“With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online,” said Paul Otellini, who was serving as Intel CEO at the time of the acquisition. “In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.”

While the introduction of cloud computing has provided smaller business and entrepreneurs a platform to innovate and challenge the tech giants, Intel are one of a number of organizations who have had to evolve their own proposition to remain relevant in the cloud-enabled world. Back in April, CEO Brian Krzanich outlined the long-term Intel strategy, which was split into five areas; cloud technology, IoT, memory and programmable solutions, 5G and developing new technologies under the concept of Moore’s law. While the security business unit is one of the larger within the Intel portfolio, security was not mentioned in the announcement.

The new strategy intends to move Intel away from the PC market place, as declining sales have continued to impact the business. Despite reporting year-on-year growth of 7% during the last quarterly earnings call, this was not enough to deter the company from announcing 12,000 job cuts, equivalent to 11% of the global workforce.

“Our results over the last year demonstrate a strategy that is working and a solid foundation for growth,” said Krzanich, who is leading the company’s shift away from client computing and towards IoT and the cloud. “The opportunity now is to accelerate this momentum and build on our strengths. These actions drive long-term change to further establish Intel as the leader for the smart, connected world. I am confident that we’ll emerge as a more productive company with broader reach and sharper execution.”

Security is an area which is seemingly gaining traction in the venture capitalist arena, as there have been numerous deals announced in recent months. Blue Coat was acquired by Symantec earlier this month from majority shareholder Bain Capital for $4.65 billion, with Bain Capital agreeing to reinvest $750 million, and Silver Lake committing to an additional investment of $500 million. Vista Equity Partners has also agreed to purchase identify management company Ping Identity for an undisclosed sum.

News

Kstart Invests in ParaBlu

India’s leading venture capital firm Kalaari Capital’s seed program, Kstart, has recently invested $510k into cloud security startup ParaBlu. This funding will be used for both team expansion and marketing activities.

Kalaari Capital launched its Kstart program in February of 2016, allocating over $20 million for the program over the course of two years. ParaBlu marks Kstart’s fourth investment, following Affordplan, Active.ai, and Indee. Kstart plans to invest in over 40 startups over the next four years.

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About ParaBlu:
Founded in 2011, California based ParaBlu provides an award winning Cloud Access Security Broker data solution, among other cloud security solutions. The company provides Blukrypt, a secured cloud gateway, BlueSync, for secured data transfer, as well as two versions of its BlueVault solution.

Blukrypt is a CASB that allows users to manage their security policy whether the are utilizing public or private cloud.

With BlueSync, users are allowed to establish somewhat of a “mini-cloud.” These mini clouds allow different teams to operate underneath an enterprises singular large cloud network.

BlueVault comes in two versions: one for endpoints and one for servers. BlueVault for servers has the ability to backup files and databases from Windows servers.
Comments:
Vani Kola, MD, Kalaari Capital: “As cloud usage continues to increase within enterprises, there is tremendous opportunity ahead for ParaBlu’s unique product.”

Anand Prahlad, President, ParaBlu: “ParaBlu was founded with the singular vision of being the security vendor of choice for all enterprise data outside the firewall.The promise of that is already evident in our customer wins so far, and the investment from Kstart will help accelerate the realization of that vision. The experience and mentorship the Kstart team brings with them are without doubt among the best in the industry, and we’re excited to be able to take advantage of it.”

Ananda Rao Ladi: “Our solutions enable enterprises to become less dependent on in-house storage and adopt cloud with confidence. The association with Kstart will help us in expanding our product portfolio for global markets.”

The post Kstart Invests in ParaBlu appeared first on Cloud News Daily.

cyber security, News & Analysis, SME, UK

SMEs not prepared for the threat of cyber criminals – Barclaycard

Hacker performing cyber attack on laptopResearch from Barclaycard claims cyber security is not being prioritized by small businesses, putting numerous organizations at risk of attack.

The findings state only 20% of the organizations surveyed believe cyber security is a top business priority, with 10% claiming their team has not invested in cyber security at all. The average attack costs UK businesses between £75,000 and £311,000 according to HM Government’s 2015 Information Security Breaches report, as more than 50% of the respondents believe their organization is at risk of a breach within the next 12 months.

“Businesses of all sizes face a constant and growing threat from cybercrime,” said Paul Clarke, Product Director at Barclaycard. “As our research shows, many small businesses are failing take the necessary precautions, either because they don’t know how to protect themselves or, more worryingly, because they don’t think they need to. At Barclaycard we work with our customers to ensure they are aware of the growing threats they face and understand how they can protect themselves from cyber threats.”

Worryingly for business owners throughout the UK, only 13% of those who completed the survey believe they have the relevant skills to adequately protect themselves online. This statistic, combined with the lack of prioritization around security, may indicate decision makers believe their organization is safer, as cyber criminals would target the larger and more data heavy businesses in the UK.

While this may be considered a perception held by small businesses, the findings claim just under half have been hit by at least one cyber-attack in the past year, with a tenth experiencing more than four attacks.

“Cybersecurity is not a one-off investment that can then be forgotten about, especially as criminals are becoming increasingly sophisticated in the way they target businesses,” said Clarke. “For fifty years we’ve been working in partnership with customers to ensure they are not only putting the right measures in place from the outset, but are also continuously reviewing their policies to keep up with the latest industry developments.”

Blue Coat, News & Analysis, Symantec

Symantec acquires Blue Coat for $4.65 billion

SymantecSymantec has announced it has entered into a definitive agreement to acquire cloud security specialists Blue Coat for $4.65 billion.

Blue coat is generally accepted as the market share leader and share gainer in web security and the deal is expected to close in Q3 this year. For the year ending April 2016, Blue Coat reported revenues of $598 million, demonstrating 17% year-on-year growth, accounting for 15,000 customers worldwide.

The company’s current CEO Greg Clark will be confirmed as Symantec’s new CEO and board member upon closing of the transaction. The move to appoint Clark as the company’s new CEO may indicate a shift in strategic direction for the business, as Symantec could be viewed as one of the technology industry’s old guard.

“Today, Symantec keeps global enterprises, governments and individual consumers protected with solutions across threat protection, information protection and managed services,” said Clark. “Likewise, Blue Coat is the trusted source for protecting billions of web transactions daily and is the clear leader in the growing cloud security market. Once combined, we will offer customers around the world – from large enterprises and governments to individual consumers – unrivalled threat protection and unmatched cloud security.”

Symantec has stated it will incorporate Blue Coat capabilities to ‘define the future of cybersecurity and set the pace for innovation industrywide’. R&D investments will focus around 3,000 engineers and nine Threat Response Centres in various locations around the world.

As part of the agreement, Silver Lake has agreed to make an additional investment of $500 million, taking its total investment to $1 billion. Bain Capital has also agreed to invest an additional $750 million in the company, as well as adding David Humphrey, a Managing Director of Bain Capital Private Equity, to Symantec’s Board of Directors.

“With this transaction, we will have the scale, portfolio and resources necessary to usher in a new era of innovation designed to help protect large customers and individual consumers against insider threats and sophisticated cybercriminals,” said Dan Schulman, Chairman of Symantec. “Together, we will be best positioned to address the ever-evolving threat landscape, the massive changes introduced by the shift to mobile and cloud, and the challenges created by regulatory and privacy concerns.”

Data migration, Enterprise IT, News & Analysis, Public Cloud

82% of C-suite say public cloud is the way forward

Silhouette Businessman Holding PuzzleResearch from HyTrust claims 82% of C-suite execs are to increase the number of workloads their organization hosts on public cloud, reports Telecoms.com.

The transition to a cloud-based mentality and business model has given rise to arguably one of the most influential brands in the world; AWS. That is not to say Amazon as a brand wasn’t influential before the rise of the cloud; more the concept of the cloud made Amazon a major player in the Enterprise IT world.

In April, Amazon CFO Brian Olsavsky delivered the quarterly earnings call which outlined the team’s belief the AWS business unit would break through the $10 billion barrier. While this number does only represent roughly 10% of the company’s annual revenues, it demonstrates the progress of the cloud industry on the whole.

But the cloud is still seen as a proposition which is mainly utilized by the technologically advanced organizations, so what’s holding it back? The first answer for most would be security, but this might not be the case.

A recent survey from HyTrust highlighted while there may still be concerns for decision makers in trusting the cloud, this is certainly not holding these organizations back from investing. 42% of C-suite executives (CEO, CFO, CIO etc.) say critical server workloads have already been virtualized in their environments; for IT systems administrators and engineers, that number is 65%.

Data and security breaches are still top of the list of concerns when considering such a move, but the survey also highlighted 74% of respondents are planning to move (new or additional) workloads to a public cloud in 2016. This statistic is also weighted more towards the boardroom, as executives would appear to be more bullish in their cloud ambitions than other levels within the business. 82% of C-suite executives who were surveyed believe they will migrate additional workloads to the public cloud in 2016, compared to 66% at director level and 73% at administrator or engineer level.

For most, the C-suite would generally be perceived as the more risk adverse individuals within the business, having been exposed to the stakeholders and media alike when something does go wrong, however the statistics may demonstrate a more general acceptance of cloud computing throughout the business. Security has always been a concern of organizations since the beginning of the cloud revolution, though it would appear decision makers are now okay with accepting 100% secure is impossible and the new objectives should be to remain as secure as possible, consistently.

In terms of the top players within the industry, there are few surprises as to what brand decision makers are leaning towards during 2016. The only difference from many previous reports is the inclusion of VMware vCloud Air, which made an appearance in second accounting for 24% of the respondents, pushing Google Cloud out of the top three. Microsoft Azure was top of the list representing 32% of the vote, whereas the widely recognized market leader AWS sits in third, bringing in 22%.

Apple, consumer cloud, Consumer Tech, News & Analysis, Personal Cloud

Apple to sell ‘personal cloud’ products instore from June

ApolloPromise Technologies has announced Apple will exclusively sell its Apollo ‘personal cloud’ appliances instore from June 7.

The product itself is billed by Promise as a safer way to share and save photos, videos and files, which can be uploaded from anywhere in the world through the Apollo Cloud App which are then stored on a physical device which is owned by the customer. While the device does allow customers to utilize the internet to upload files and data, the offering is seemingly very similar to an external hard drive.

“Promise has a relentless commitment to innovating new solutions that improve how we live and work,” said HC Chang, GM of Promise Technology APAC. “Apollo is our latest innovation, however, it is just the beginning as we are looking at building a whole new line of solutions for the IoT market. We are looking forward to showcasing Apollo to the many users passionate about technology and we are excited to hear their innovative ideas on what the next generation of Apollo should offer.”

The news was made public by the Promise Technologies team at Computex in Taiwan, and to-date there has been no comment from Apple.

Apple has been making efforts in recent months to bolster its position in the cloud marketplace, and this latest effort would appear to be a move towards the consumer market. The company does already play a role within the consumer world; iCloud is a similar offering to Dropbox; though the Promise technology would appear to an alternative for the security conscious customers. In the enterprise world, the company has recently announced a partnership with SAP, to develop iOS apps based on the SAP HANA cloud platform, as well as entering the e-Health market with the launch of CareKit, an open-source software framework.

The introduction of products geared towards the consumer market is not a new move for the industry, as there are already a number of tech giants fighting for market share. Statista estimates 1.74 billion people will be using personal cloud storage worldwide by 2017, with this number increasing to 2.04 billion in 2019.

Dropbox could generally be considered the market leader, announcing it had exceeded 500 million users in March, with Google’s Drive and Microsoft’s OneDrive, also offering similar services. The Promise solution would appear to be a private-cloud-twist for consumers, with increased security claims as well as a customer’s maintaining oversight of their own data, though it is ultimately a ‘on premise’ product, as the company makes no mention of cloud back-up storage. As mentioned before, it would appear to be very similar to an external hard drive, with the added benefits of internet-enabled uploading features.

cyber security, Intel, News & Analysis, Threat Detection

CIOs prioritize collaboration to increase security – Intel

a safe place to workIntel Security has released new findings which claims CIOs are targeting collaboration as a means to shore up defences against cyber threats.

Respondents to the survey believe their own organizations could be between 38-100% more secure if threat management and incident response personnel and systems could simply collaborate better. The team believe collaboration is one area which is often overlooked, with decision maker’s often favouring new threat detection or prevention tools, though security operations’ effectiveness can be increased through better collaboration between silos within the organization.

“Threat management contributions are almost evenly spread among different roles, but there are some notable areas of specialization,” the company stated in its “How Collaboration Can Optimize Security Operations” report. “Every handoff or transition can add significant operational overhead—along with the potential for confusion and chaos and delays in responding. But, on the upside, there is also huge potential for collaboration and increased efficiencies.”

The report states CIOs are still prioritizing new tools as a means to shore up their own perimeters, though collaborations technologies were not far behind in the rankings. 40% of the respondents highlighted their spend would be prioritized on better detection tools, 33% pointed towards preventative tools and 32% said improved collaboration between SOC analysts, incident responders and endpoint administrators.

One of the main challenges for these organizations is the process, accuracy and trust in communication. For a number of organizations data is shared manually and potentially reprocessed several times, increasing the possibility of inaccuracy. Automated collaboration tools ensure data is shared quickly and accurately through an array of different functions and responsibilities. “Trust arises from good communication, transparency, and accountability, all of which engender confidence in the outcome,” the report states.

The number of tools being used within these organizations is also a challenge, as data is often transferred between or collected centrally manually. The average number tools companies use to investigate and close an incident is four, though 20% of the respondents said they can use up to 20 different products to achieve the same aims, further increasing the challenge. Though larger and more geographically diverse organizations will by definition use more tools, the same principles of collaboration and automation apply, and in theory could increase the security of an organizations perimeter.

“Tougher new EU data privacy regulations, which are currently in the process of being modernized, will be implemented in 2017,” said Raj Samani, EMEA CTO for Intel Security, in the report. “Organizations will be legally required to implement a security architecture that ensures a secure and trustworthy digital exchange of data throughout the EU. Data privacy needs to be assured at every level and across the entire infrastructure. In light of that, improved incident investigation and response processes that bring together collaborative tools and teams are imperative.”

While most organizations are answering the threat of more advanced cyber threats with the implementation of more advanced defence solutions, collaboration is an area which could be seen as a complementary means. Collaboration can contribute to real-time visibility for various teams, improve execution capabilities, as well as speed of response.

Juniper, News & Analysis, SDN, Software Defined Data Centre, Software Defined Networking

What is the role of SDN in data centre security?

Door to new opportunitySoftware Defined Networking (SDN) is a breakthrough which is seemingly in everyone’s technology roadmap, but not ‘sexy’ enough to command column inches in recent months. At Telco Cloud, Juniper Cloud Automation Architect Scott Alexander argued the use case for security.

Companies who are striving towards 100% secure are likely to be disappointed as most within the industry now accept this is not achievable. Irrelevant of how many advances are made to secure the data centre, there will always be a collection of individuals who dedicate time to find new weaknesses. The new objective for the majority is to remain as secure as possible, consistently, reacting as quickly as possible to new threats which may emerge.

One of the main challenges for the data centre is the traditional defence. A number of data centres have one large firewall around the perimeter, which can be effective at keeping out threats, but on the occasion one breaches defences, traditional data centres are very linear, allowing the threat to roam freely. Larger segments of the data centre will be ring fenced, however the same principle applies here; once you crack that defence you are once again free to roam.

Alexander highlighted once you write various SDN policies, you can define which applications can ‘talk’ to each other. Until this is defined through an effective SDN policy, an application can talk to any other application, create the free roaming problem. Once a threat is in the data centre damage control becomes very difficult.

If every application is a room with several doors, Alexander said though implementing SDN you can keep relevant doors open and close doors to areas a given applications has no need to have access to. Spinning up various applications allows you to retain internal perimeters and create a policy of damage control.

Virtualizing a company’s assets can be a painful process, as it has to be done application by application. This however can be an advantage as Alexander highlighted to understand what doors are open and closed, you have to analyse the applications individually; there isn’t currently a method to do a blanket risk assessment of your applications. As you are migrating the applications individually any case during the virtualization efforts, it shouldn’t be too much of a task to understand what doors are open.

For the most part, the concept of 100% secure has seemingly been irradiated from the industry; most have accepted it is almost impossible. However, segmented security can aid a team in driving towards the objective of remaining secure as possible, consistently.

Cisco, Collaboration, data centre, Financial Results, IoT, News & Analysis, software

Cisco reports 3% growth for Q3 and sets targets on IoT market

Cisco corporateCisco has reported 3% year-on-year growth for Q3, topping $12 billion for the quarter, with its security business leading the charge, though the team have reconfirmed IOT, software cloud and collaboration markets are priorities for the future.

The security portfolio demonstrated revenue growth of 17% while deferred revenue grew 31% driven by the ongoing shift from hardware to more software and subscription services. The Collaboration portfolio grew 16%, while the team were also confident in the performance of its next generation data centre portfolio. The ACI platform grew revenues approximately 100%, exceeding a $2 billion annualized run-rate.

“We delivered strong Q3 results against the backdrop of the Macro environment that continues to be uncertain,” said CEO Charles Robbins. “Despite this uncertainty we executed very well, with revenue growth of 3%. The operational changes we continued to make will further enable our customers to leverage strategic role to network as they transform their businesses to become digital.”

Regionally, the America’s accounted for a 4% lift, whereas EMEA and APJ were slightly less at 2% and 1% respectively. The emerging markets demonstrated healthy results for the business, as BRICs increased by 4%, Mexico by 4%, China up 22% and India up 18%. The team highlighted while there was good growth in the public and service provider segments, the enterprise was not as positive as the team pointed towards pressure driven by macro uncertainty as the reasoning.

The quarter also saw Cisco as one of the more active players in the M&A market, completing five acquisitions over the course of the quarter. The $1.4 billion acquisition of Jasper Technologies now makes Cisco the largest cloud based IOT service platform in the industry, the team claims. Cisco also completed the acquisitions of Acano, Synata, Leaba and CliQr during the period, the latter a $260 million orchestration platform to help customers simplify and accelerate their private, public and hybrid cloud deployment. Cisco had already integrated CliQr with its Cisco Application Centric Infrastructure (ACI) and Unified Computing systems (UCS) prior to acquisition.

“These acquisitions are clearly focused on our key growth areas including IOT, software cloud and collaboration as well as continuing to strengthen our core,” said Robbins.

The IoT market has been a long time target of Cisco, with the Jasper deal adding to the ParStream acquisition last year. The acquisition offered the opportunity for instant analysis of masses of data at the network edge with minimal infrastructural or OPEX repercussions, the company claimed.

Big Data, BusinessObjects, Enterprise IT, News & Analysis, SAP

SAP updates BusinessObjects offering at SAPPHIRE NOW conference

SAP sailingSAP has announced a number of new updates for its analytics solutions portfolio at the 28th annual SAPPHIRE NOW conference.

The company’s business intelligence portfolio, BusinessObjects, will continue to offer solutions on premise and in the cloud, as well as incorporating a number of new features for visualizations and storytelling, data wrangling and blending, geospatial, trend analysis, custom filters, linked stories, notifications and chat.

“SAP is enabling companies to lead in the digital economy by significantly simplifying the platform, providing best-in-class analytics and a superior user experience,” said Stefan Sigg, SVP for SAP Analytics. “SAP BusinessObjects remains the most relevant analytics in the industry — and we offer the best end-to-end capabilities both on premise and in the cloud in the market today.”

One enhancement has focused more on the integration and collaboration efforts of the business, as the offering can now connect and blend existing data sources such as the SAP ERP, SAP SuccessFactors solutions, Salesforce, and Google Drive (amongst others), on a single platform without having to move data into the cloud environment. The offering now also includes predictive analytics capabilities leveraging powerful built-in algorithmic models, to enhance data-driven decision making capabilities.

SAP also updated its BusinessObjects Enterprise offering, which has been mainly designed for on premise analytics. Enterprise organizations have a choice of premium, professional and standard editions, which offer a variety of services including enhancements which make the platform Internet of Things–ready.

The company also launched one of its newest cloud offerings, the Digital Boardroom (see below), which has been built on the BusinessObjects platform. The Digital Boardroom is real-time business intelligence and ad hoc analysis portal, which provides executives with information sourced from all SAP S/4HANA Lines of Business data to provide a “single source of truth for the company”.

Digital Boardroom