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Yahoo Finance: The Defense Department has halted deployment on its classified networks of a $2 billion cybersecurity project intended to detect intrusions and prevent attacks because of poor test results, according to the Pentagon’s testing office.
Info Security: Cybersecurity vendor Forcepoint has been acquired from defense contractor Raytheon Technologies by global investment firm Francisco Partners. The firm announced the closing of the transaction today. The financial details of the deal were not disclosed.
Cision: Cybersecurity vulnerabilities are a major concern to business and organizations. The most recent massive computer breach, which allowed hackers to spend months exploring numerous U.S. government networks and private companies' systems around the world, has reignited the urgency in securing computer and information systems. According to a report by NPR, hackers attached their malware to a software update from SolarWinds, a company based in Austin, Texas. Many federal agencies and thousands of companies worldwide use SolarWinds' Orion software to monitor their computer networks.
Politico: Anne Neuberger, who joined the NSA more than a decade ago and has been serving as the agency’s director of cybersecurity since 2019, will be named deputy national security adviser for cybersecurity in the incoming NSC, according to two people familiar with the plans.
Yahoo Finance: The Justice Department and the federal court system disclosed on Wednesday that they were among the dozens of U.S. government agencies and private businesses compromised by a massive, months-long cyberespionage campaign that U.S. officials have linked to elite Russia hackers.
SC Magazine: SolarWinds and some of its top executives have been hit with a class action lawsuit by stockholders, who allege the company lied and materially misled them about security practices leading up to a massive breach of its Orion management software that has reverberated throughout the public and private sector.
Institutional Investor: The Equifax case — a breach that jeopardized the personal data of up to 143 million people but went unreported for more than a month after surfacing — is a good example of how things can go south quickly. The weeks-long disclosure gap provided abundant opportunity for those in the know to take advantage of the information, and insiders did.
MSN: Cybersecurity exchange-traded funds surged Wednesday, adding to a string of gains after a high-profile hack of U.S. government systems early in the week of Dec. 13. The ETFMG Cyber Security ETF was up 1% mid-morning, and the First Trust NASDAQ Cybersecurity ETF gained 1.3%. The Global X Cybersecurity ETF jumped 1.7%. The broader market was flat ahead of a Federal Reserve press conference and a fiscal aid package decision from Congress.
Security Magazine: The coronavirus pandemic has sparked a new round of digital transformation. But in many cases, the rapid pace of digital acceleration has enlarged the digital footprint of both businesses and consumers beyond the capacity of our cybersecurity infrastructure to keep up. The scary reality is that the business impact of COVID-19 may be creating the perfect storm for a cybercrime pandemic; digital citizens will have to act aggressively to secure their data before it’s too late.
CRN: SolarWinds majority owners Silver Lake and Thoma Bravo sold $286 million of stock just before the company announced a new CEO and disclosed a cyberattack.
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