No real surprise in this news, it was either a great bit of hype played by both companies or once Wiz looked under the bonnet of Lacework it figured out what the rest of us know. For more information on open positions, we are working on globally with our Portfolio Clients then contact Andrew Robinson FREC, louise robinson or Rebecca Beauchamp call us on +44 (0)1923 312435. Why not follow Paradigm Recruitment on: https://lnkd.in/gssS9BWN #paradigmrecruitment #hiring #careers #startup #recruitment #IPO #cybersecurity #cybercareers #cyberjobs #startupjobs #cloud #cloudsecurity #security #cloudsecurity #AI #Boiometrics #Analytics #MachineLearning #ThreatIntelligence #DarkWeb #IAM #PAM #CIAM
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Great dad | Inspired Risk Management and Security Profesional | Cybersecurity | Leveraging Data Science & Analytics My posts and comments are my personal views and perspectives but not those of my employer
⚠️ As the race for AI success and profitability continues, big cybersecurity vendors like Tenable, will turn their focus on adding AI features and products to protect data. ✳️ AI is all about data, which is why Data Security Posture Management (DSPM) will become a huge target for vendors as the market must protect their data and LLMs. If this deal goes through, we can bet it will not be the last deal on DSPM startups or established vendors. The race is on! 👀 #cybersecurity #tenable #security #llms #ai #data #cloud #startups #artifitialintelligence
Tenable to Acquire Eureka Security to Boost DSPM Capabilities
securityweek.com
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#Cyber product companies used to be all about having a product that would be sold to thousands of customers. It was all about standardisation, and customisation was something for which you hired an integrator and/or an outsourcing specialist. This distinction blurred sometime ago when companies like Fireeye / Mandiant (now part of Google Cloud) started to double down on a laser focused, world class services business to act as a multiplier for their product sales. Now, many others follow this winning formula to supercharge their growth. Why does it work? It's quite simple: it delivers customer outcomes! https://lnkd.in/gHT3c9J6
Enmeshment in cybersecurity: blurring boundaries between products and services
ventureinsecurity.net
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Cisco’s Splunk Deal Highlights Growing Interest In The Intersection Of #Cybersecurity And #AI Cisco’s $28 billion offer to buy Splunk is the largest enterprise software deal this year, beating Silver Lake’s $12.5 billion deal to take Qualtrics private in March. It also tops off what has been weeks of investor interest in the role AI will play in cybersecurity and vice versa. We look at other large deals at the intersection of AI and cybersecurity and what that tells us about the market. https://lnkd.in/efUJdPbs For more information on open positions, we are working on globally with our Portfolio Clients then contact Andrew Robinson FREC, louise robinson or Rebecca Beauchamp call us on +44 (0)1923 312435. Why not follow Paradigm Recruitment on https://lnkd.in/gssS9BWN #paradigmrecruitment #hiring #careers #startup #recruitment #IPO #cybersecurity #cybercareers #cyberjobs #startupjobs #cloud #cloudsecurity #security #cloudsecurity #AI #Networking #SaaS #ArtificialIntelligence #DeepLearning #Biometrics
Cisco’s Splunk Deal Highlights Growing Interest In The Intersection Of Cybersecurity And AI
news.crunchbase.com
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Google Near $23 Billion Deal for Cybersecurity Startup Wiz: Alphabet, Google's parent company, is reportedly in advanced negotiations to acquire cloud security startup Wiz for approximately $23 billion, Wall Street Journal reported on Sunday. The potential deal, which would value Wiz at nearly double its most recent private valuation of $12 billion, underscores the growing importance of cybersecurity in Alphabet's enterprise strategy as it seeks to narrow the gap with cloud computing rivals such as Microsoft, Morgan Stanley said in a note. Founded in January 2020, Wiz has quickly established itself as a leading player in the Cloud-Native Application Protection Platform (CNAPP) space, utilizing an agentless approach to secure cloud application deployments throughout their lifecycle. The company's platform continuously assesses and prioritizes critical risks across various security domains, providing customers with a comprehensive view of their cloud security posture. Wiz has experienced rapid growth since its inception, with annual recurring revenue (ARR) exceeding $350 million as of January 2024, representing a year-over-year increase of over 75%. The company boasts an impressive client roster, with more than 40% of Fortune 100 companies among its customers, and has raised nearly $2 billion in funding to date. If confirmed, the acquisition would mark Alphabet's largest to date, significantly expanding its footprint in the burgeoning cloud security market. The move follows previous security-focused acquisitions by the tech giant, including the $5.4 billion purchase of Mandiant in 2022 and the $500 million acquisition of Siemplify. Morgan Stanley adds that the potential acquisition could raise questions about Wiz's ability to maintain neutrality across multiple cloud platforms, potentially benefiting competitors such as Palo Alto Networks and CrowdStrike in the near term. Read more of this story at Slashdot.
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We've been talking a lot about platformization in cybersecurity. We're not talking enough about aggregation. Ben Thompson (Stratechery) brought the idea of Aggregation Theory to light in a series of articles about large tech companies. The core idea is this: Companies that create platforms capable of aggregating a large number of users and suppliers can bypass traditional gatekeepers to gain significant power and competitive advantage. Okay, sounds kind of terrifying...what does that mean for the cybersecurity industry? Cybersecurity companies aren't the ones *doing* the aggregating — they are *being* aggregated. Cloud providers are beginning to offer cybersecurity products and services to customers in more flexible, easy-to-use pieces than ever before. For example, if an AWS customer wants to hire an MSSP, they can browse a list of providers and hire one directly from the marketplace — no relationships, procurement processes, or contract negotiations required. In more technical terms: Aggregators (cloud providers) are modularizing suppliers (cybersecurity product and services companies) and using control of customer demand (businesses using their cloud services) to control distribution of products and services (via marketplaces). And guess what?! We're pretty okay with it! Being "aggregated" is totally fine as long as you recognize it's happening and generally understand the effects. Companies like CrowdStrike, CyberArk, Okta, and more have all talked optimistically about their marketplace growth and ramping up sales efforts to grow this channel. Several of the big four consulting firms are even selling cybersecurity services through marketplaces. (If you would have asked me five years ago whether big four firms would ever sell cybersecurity services this way, I would have said "never.") I don't think any of us can predict the full impact it's going to have on cybersecurity (and tech in general), but we also can't ignore or deny such a powerful market force.
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This synopsis captures insights from industry leaders, offering a thorough overview of expectations for the upcoming year. Key focal points include GenAI, the dynamic relationship between the cloud and AI, talent acquisition, repercussions of tech layoffs, security threats, costs, and meeting SEC expectations. All these aspects collectively fall within the purview of the savvy 2024 CIO and related roles. #SEC #CIO #GenAI #Cloud
7 CIO storylines to watch in 2024
ciodive.com
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We are excited to announce our inclusion in CSO's "Cybersecurity startups to watch for in 2023". This is an exclusive list of the top security startups in the world that are building cutting edge technology to drive the industry forward. SaaS Security has become a top concern for security leaders, which is affirmed by our recent recognition in Gartner's Hype Cycle for Cloud Security and Market Guide for DLP and CASB solutions, as well as eSecurity Planet's "Top Cybersecurity Startups". These acknowledgments underscore what sets us apart in the market. 🚨Agentless, event-driven platform that enables real time visibility to exposure across all your core SaaS applications 🔒 No-code workflows that automatically address SaaS risks as your data footprint expands ✅ Seamless API and Webhook-based integrations, making setup and maintenance a breeze! https://lnkd.in/e_DK7cYd
Cybersecurity startups to watch for in 2023
csoonline.com
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Associate Vice President, Product| Engineering | Pre-Sales | Consulting | Cyber GRC | Leadership | Financial Services | International Experience | User Centric Design | Product Centric Agile Delivery | P&L Management
Aggregation in Cyber is an interesting area to watch. Will it be hyperscalers, SIEMs, GRC Platforms that can break out of their space and solve the complexity? There are some essential capabilities to consider beyond the ability to ingest data and integrate use cases. A framework that brings it together and adds value to the Organization is essential. Here’s 4 capabilities that come to mind. What else do you see? 1. Integration with enterprise communication [slack, teams, google workspace, outlook, maybe even copilot] 2. Visualization of the enterprise context across a dynamic asset base, exposure, surface, risk/compliance posture and appetite. 3. Intelligence - recommendations, conversations and decisions 4. Automation and orchestration capabilities to propogate actions, responses across the enterprise #cyber
We've been talking a lot about platformization in cybersecurity. We're not talking enough about aggregation. Ben Thompson (Stratechery) brought the idea of Aggregation Theory to light in a series of articles about large tech companies. The core idea is this: Companies that create platforms capable of aggregating a large number of users and suppliers can bypass traditional gatekeepers to gain significant power and competitive advantage. Okay, sounds kind of terrifying...what does that mean for the cybersecurity industry? Cybersecurity companies aren't the ones *doing* the aggregating — they are *being* aggregated. Cloud providers are beginning to offer cybersecurity products and services to customers in more flexible, easy-to-use pieces than ever before. For example, if an AWS customer wants to hire an MSSP, they can browse a list of providers and hire one directly from the marketplace — no relationships, procurement processes, or contract negotiations required. In more technical terms: Aggregators (cloud providers) are modularizing suppliers (cybersecurity product and services companies) and using control of customer demand (businesses using their cloud services) to control distribution of products and services (via marketplaces). And guess what?! We're pretty okay with it! Being "aggregated" is totally fine as long as you recognize it's happening and generally understand the effects. Companies like CrowdStrike, CyberArk, Okta, and more have all talked optimistically about their marketplace growth and ramping up sales efforts to grow this channel. Several of the big four consulting firms are even selling cybersecurity services through marketplaces. (If you would have asked me five years ago whether big four firms would ever sell cybersecurity services this way, I would have said "never.") I don't think any of us can predict the full impact it's going to have on cybersecurity (and tech in general), but we also can't ignore or deny such a powerful market force.
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Google Near $23 Billion Deal for Cybersecurity Startup Wiz: Alphabet, Google's parent company, is reportedly in advanced negotiations to acquire cloud security startup Wiz for approximately $23 billion, Wall Street Journal reported on Sunday. The potential deal, which would value Wiz at nearly double its most recent private valuation of $12 billion, underscores the growing importance of cybersecurity in Alphabet's enterprise strategy as it seeks to narrow the gap with cloud computing rivals such as Microsoft, Morgan Stanley said in a note. Founded in January 2020, Wiz has quickly established itself as a leading player in the Cloud-Native Application Protection Platform (CNAPP) space, utilizing an agentless approach to secure cloud application deployments throughout their lifecycle. The company's platform continuously assesses and prioritizes critical risks across various security domains, providing customers with a comprehensive view of their cloud security posture. Wiz has experienced rapid growth since its inception, with annual recurring revenue (ARR) exceeding $350 million as of January 2024, representing a year-over-year increase of over 75%. The company boasts an impressive client roster, with more than 40% of Fortune 100 companies among its customers, and has raised nearly $2 billion in funding to date. If confirmed, the acquisition would mark Alphabet's largest to date, significantly expanding its footprint in the burgeoning cloud security market. The move follows previous security-focused acquisitions by the tech giant, including the $5.4 billion purchase of Mandiant in 2022 and the $500 million acquisition of Siemplify. Morgan Stanley adds that the potential acquisition could raise questions about Wiz's ability to maintain neutrality across multiple cloud platforms, potentially benefiting competitors such as Palo Alto Networks and CrowdStrike in the near term. Read more of this story at Slashdot.
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Introduction to the latest trends in the IT industry and how to make the most of it. The IT industry is constantly changing and evolving, making it important to stay up-to-date with the latest trends. In this post, I will discuss some of the hottest topics in the IT industry right now and how you can make the most out of them. #qualhon #informationtechnology #technology #tech #technologynews #qualhoninformatics #technologyrocks #hiring #recruitment #webdeveloper #aiml #CloudTech #AI #cybersecurityjobs #cyberattack #cyber #cloud #cloudcomputing #cloudarchitecture #RemoteWork #workfromhome #workculture #workfromanywhere #TechSkills #StayInformed #ITUpdates #digitaltransformation #digitalamarketing #digitaltrends
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