The Alluring Impact of AI in Cybersecurity: Cisco’s Splunk Deal

With the $28 billion acquisition of Splunk by network-equipment giant Cisco Systems, Splunk and Cisco aim to develop AI-driven cybersecurity monitoring tools for real-time detection of hacking threats, enabling businesses to prevent cyberattacks from damaging corporate networks. Splunk, a 20-year-old technology company that has not yet turned a profit, has been pursuing this goal and …

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Dragos Secures $74 Million in Series D Extension Round, Aiming for Enhanced Growth and Expansion

Dragos, a leading cybersecurity company, has raised an impressive $74 million in an extension to its original Series D funding round, which took place in October 2021. With a focus on defending industrial technology environments like water utilities and power-grid operators, Dragos provides specialized cybersecurity software. The extension round was led by venture-capital firm WestCap …

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Unveiling MGM Casino Hack: A Wake-Up Call in Protecting Connected Technology

The recent cyberattack on MGM Resorts International highlights the challenges of protecting a vast tech infrastructure and thousands of employees while the hospitality sector integrates internet-connected technology. Experts say that the impact of this attack on a major operator in a security-focused industry came as a surprise to some. “I’ve been in this industry for …

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Enhanced Open-Source Security Emphasized by White House, Unveiling a Critical Need

The Biden administration has emphasized the importance of strong security standards in open-source software development during a two-day summit attended by technology companies, banks, and industry groups. Anne Neuberger, deputy national security adviser for cyber and emerging technology, stated that the administration wants companies to expand their use of software bill of materials, which provide …

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Multiple Cyber Companies Unveil Layoffs

A trio of cybersecurity companies has announced plans to lay off hundreds of employees, sparking concerns about the industry’s future amidst changing economic conditions. These recent layoffs follow similar announcements from other cybersecurity firms, signaling that the once-thriving industry is now facing challenges. Despite the perception of cybersecurity companies being immune to economic turbulence, the …

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Draft Cybersecurity Guidelines for EV Charging Networks Released by U.S.

In the effort to combat climate change, the Biden administration is urging carmakers to transition to electric vehicles. However, the National Institute of Standards and Technology (NIST), the main U.S. agency for technology and competition, is emphasizing the need for cybersecurity guidelines in the EV industry to protect against both domestic and international hacking. The …

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