October 28, 2024 at 07:24PM Sophos is acquiring SecureWorks for $859 million to enhance its managed detection and response (MDR) capabilities using SecureWorks’ Taegis platform. This deal aims to strengthen Sophos’ presence in enterprise security services, integrating secure operations while addressing the growing demand for managed security solutions amidst a tight labor market. **Meeting Takeaways: … Read more
October 21, 2024 at 05:43PM British security company Sophos plans to acquire competitor Secureworks for $859 million, boosting Secureworks’ stock price by 28%. The deal, pending regulatory approval, aims to enhance Sophos’ cybersecurity offerings. Thoma Bravo, Sophos’ owner, has a history of acquiring security firms, underscoring its growing influence in the cybersecurity market. ### Meeting … Read more
October 21, 2024 at 10:40AM Sophos will integrate Secureworks’ Taegis XDR platform into its Managed Detection and Response (MDR) services for various business segments. The acquisition is part of a $859 million all-cash deal. **Meeting Takeaways:** 1. **Integration Plan**: Sophos intends to integrate Secureworks Taegis XDR platform into its Managed Detection and Response (MDR) services. … Read more
October 17, 2024 at 02:08PM North Korean IT professionals are deceiving Western companies to gain employment, access confidential data, and subsequently extort ransoms to prevent data leaks. Cybersecurity firms like Secureworks and KnowBe4 have identified these schemes, involving fraudulent identities and sophisticated tactics to cover their tracks. Companies are advised to be vigilant during hiring … Read more
February 21, 2024 at 08:15AM Mustang Panda, a China-linked threat actor, has used a variant of the PlugX backdoor called DOPLUGS to target countries in Asia, especially Taiwan and Vietnam. The group is known for well-crafted spear-phishing campaigns and has deployed customized PlugX variants like RedDelta and DOPLUGS since 2018. They also use plugins for … Read more
February 20, 2024 at 03:17PM Ransomware attacks in 2023 saw a 20% increase in median initial ransom demands, reaching $600,000. Sectors such as legal, government, retail, and energy are seeing median demands of $1 million or more. LockBit, BlackCat/ALPHV, and Cl0p were the primary groups carrying out attacks, with LockBit dominating the market. Key takeaways … Read more