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Tenable to Acquire Bit Discovery

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Tenable Holdings has announced that it has signed an agreement to acquire Bit Discovery. Combining Tenable’s market-leading Cyber Exposure solutions with Bit Discovery’s EASM capabilities will provide customers with a differentiated 360-degree view of the modern attack surface – both inside out and outside in – to identify and eliminate areas of known and unknown security risk.

Discovering and gaining insight into every part of a business’s digital footprint are essential steps of any effective cybersecurity program. Discovery has never been more critical, given the reliance on critical internet-facing services, applications, and APIs. The problem for most organizations is that they are largely blind to the full and ever-changing scope of internet-facing assets and services. With its powerful EASM solution, Bit Discovery eliminates this problem by continuously monitoring the Internet, allowing customers to rapidly discover and identify all externally facing assets that could become exploitable targets by cybercriminals.

After closing, Tenable will leverage Bit Discovery’s EASM solutions across its entire portfolio – from enterprise vulnerability management (VM) to Nessus, from cloud to operational technology (OT) to identity. Once integrated, customers will have the ability to assess the security posture of their entire attack surface and understand each of these in the context of an attack path that might exist from external systems to critical assets. By covering both external and internal assets, Tenable will provide a comprehensive view of vulnerabilities and cyber risk, allowing customers to prioritize remediation efforts and minimize cyber exposure.

“Whatever is visible on the internet is very likely to be the first target and the hardest thing for organizations to continuously see and assess. We believe attack surface management is vital to modern cybersecurity and an integral part of our vulnerability and Cyber Exposure solutions,” said Glen Pendley, chief technology officer, Tenable. “We are seamlessly combining previously disjointed insights and empowering security practitioners to eliminate blind spots and easily understand their cyber exposure in ways previously not possible.”

“Bit Discovery’s founding mission is to help enterprises identify their internet-facing attack surface area and continually monitor and manage their exposure. Joining Tenable will give us the ability to instantly reach 40,000 global customers, accelerating our vision in ways that would have otherwise been impossible,” said Jeremiah Grossman, CEO, and co-founder of Bit Discovery. “This capability combined with the insights provided by Tenable’s solutions is a compelling chance to change the market.”

Bit Discovery was founded by Jeremiah Grossman and Robert Hansen. Grossman, who also founded WhiteHat Security, has spent approximately 20 years in information security, during which he has become an industry luminary. Hansen previously served as a security pioneer at eBay, where he was responsible for authentication as well as anti-fraud and anti-phishing technologies.

Under the terms of the agreement, Tenable will acquire Bit Discovery for a total purchase price of $44.5 million in cash, subject to customary purchase price adjustments. The acquisition is expected to close later in the second quarter of 2022, subject to the satisfaction of customary closing conditions.

Bit Discovery is not expected to have a significant impact on Tenable’s financial results in the second quarter.  For the second half of the year, revenue is not expected to be significant, but Bit Discovery is expected to add $2 million to $3 million of Calculated Current Billings, most notably in the latter part of the year, and $2 million to $3 million of non-GAAP Net Loss.

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Kasten by Veeam Announces New Kasten K10 V5.0 with Enhanced Kubernetes Security

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Kasten by Veeam has announced the new Kasten by Veeam K10 V5.0 Kubernetes data management platform. Purpose-built for Kubernetes, this latest release is focused on delivering a comprehensive risk management strategy, streamlined CI/CD pipelines, and new ecosystem advancement details that optimize and de-risk Kubernetes investments. These advancements all aim to help the expanding Kubernetes community work more efficiently and securely in cloud-native applications.

“As ransomware attacks continue to remain the highest concern for organizations, a comprehensive risk management strategy to help continuously identify risk, protect data, detect attacks and deliver disaster recovery for cloud-native applications is crucial,” said Gaurav Rishi, Vice President of Products and Partnerships at Kasten by Veeam. “Our latest release remains focused on helping enterprises minimize the financial impact caused by attacks on data and cloud applications. At the same time, we’re also supporting developer needs for backup solutions that not only integrate with the CI/CD tools they use but pave the way for automation to detect and protect applications as they get deployed.”

Backing up Kubernetes applications while accommodating agile, shift-left development and distributed deployment environments remain a challenge for many organizations. Appliance-based approaches do not properly account for the unique characteristics of Kubernetes and replication doesn’t protect against infrastructure failures, data corruption, data loss, or ransomware. Having a cloud-native solution in place ensures secure and reliable backup without disrupting workflows or adding complexity that could inhibit innovation.

New key features of Kasten K10 V5.0 include:

  • Security everywhere: Enhanced platform hardening, including KMS integration with AWS KMS and HashiCorp Vault, coupled with the ease of use of Kubernetes-native RBAC objects exposed in UI dashboards, ransomware attack detection with AWS S3 or S3-compatible storage supporting S3 Object Lock, data protection policy guardrails and support for Veeam-hardened Linux repositories with immutability that offers comprehensive ransomware protection.
  • Shift-left applied to data protection: Fully integrated add-ons for newly launched Amazon EKS Blueprints, Level III certified Red Hat OpenShift Operator with full lifecycle capabilities, new built-in Kanister blueprints for MS SQL and PostgreSQL Operator, and simplified UX for Operations with new Blueprint Editor for a more intuitive and streamlined workflow, and new Reports Generator for critical metrics.
  • Expanded ecosystem: Enabling integrations with industry-leading technologies and platforms ensures that customers can have freedom of choice in an expanding array of solutions across the ecosystem, including support for Red Hat Marketplace, SUSE Rancher Marketplace, VMWare vSphere with Tanzu and Falco.

“Cloud-native applications are being developed at a pace never seen before, and with DevOps and shift-left principles, application deployment in Kubernetes is proving faster and far more scalable. Yet, at the same time, backing up Kubernetes applications remains a constant challenge,” said Danny Allan, CTO at Veeam. “This latest release provides secure backup and recovery for Kubernetes data and applications while eliminating the complexity in deployment and operations for Kubernetes in the enterprise. As more Veeam customers look to leverage Kubernetes, Kasten K10 V5.0’s ease-of-use will be critical to support data protection and backup in their new environments.”

“The alarming rate of ransomware attacks and the increased use of cloud-native application development means it’s only a matter of time before cloud-native applications become more heavily targeted,” said Johnny Yu, Research Manager, Storage, and Computing at IDC. “Now more than ever, enterprises need a backup solution that is flexible across multiple clouds and can proactively offer visibility into a potential attack before it happens. With its new K10 V5.0 release, Kasten by Veeam has positioned itself as a solid choice for companies that are looking for comprehensive, end-to-end ransomware protection for Kubernetes environments.”

The capabilities introduced in NEW Kasten K10 V5.0 underscore Kasten’s dedication to Kubernetes users by integrating DevOps and shift-left principles and hardened security. General availability of the new Kasten K10 V5.0 is expected in June. To learn more about Kasten and see Kasten K10 V5.0 in action, visit Kasten by Veeam at KubeCon + CloudNativeCon Europe 2022, as well as at VeeamON 2022.

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Channel Talk

Entrust Signs Up CyberKnight as New Distributor for the Middle East Region

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Entrust has announced its new distribution partnership with CyberKnight to address compliance and simplify cyber threat management. In line with evolving regional compliance regulations and standards, Entrust’s new partnership with CyberKnight as its newest regional distributor will see the two companies jointly build solutions for the Middle East market that achieve the highest standards of cyber security.

Entrust and CyberKnight are strategically aligned on their security vision with a ‘Zero Trust’ philosophy at its core. With the aim of increasing access to the highest standards of security for Middle East customers, Entrust’s new partnership with CyberKnight will further enable the delivery of digital security solutions to customers, by tapping into CyberKnight’s local network to offer advice, education, expertise, and confidence.

“Digital transformation in the Middle East continues to evolve at a phenomenal pace, especially as the demands of the past two years called for a rapid implementation of cloud-based systems to manage the unprecedented shift to remote workforces,” said Scott Kemish, Global Vice President Channel Sales, Entrust. “In order to support local customers championing cloud adoption while meeting the requirements of local compliance regulations, as well as protecting themselves against an all-time-high of cybercrime, we have entered a stage of channel development that requires our channel distribution partners to stand up and make a difference; CyberKnight has all of the right attributes that we are looking for in the market.”

“Our partnership with CyberKnight further cements our commitment to the region, and we look forward to helping more customers transform their digital security in line with the requirements of this new age,” Scott continued. Over the last two years, the rapid adoption of cloud solutions to enable remote working resulted in an increase in cybercrime globally, as it provided cybercriminals more opportunities to target victims at home. Cybercrime is set to cost the global economy $10.5 trillion annually by 2025. And industry research reveals that, in the UAE, the average cost of remediating a ransomware attack is over $500,000.

“The pandemic has reminded us that cybercriminals are constantly fine-tuning their skills and techniques. If we do not help our customers do the same, then they will be playing catch-up,” said Avinash Advani, Founder & CEO of CyberKnight. “Our partnership with Entrust as our newest vendor will enable us to continue helping customers fill the existing gap between their digital transformation efforts, and their security posture by securing their digital ecosystems as well as supporting them with their zero-trust security journey. We are very excited about working with them to further support our local customers across the region.

Entrust’s certificate solutions, PKI, identity and access management, encryption key management and hardware security modules are available to local customers through the partnership. Later this year, Entrust will join CyberKnight’s annual roadshow, set to take place in November 2022.

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Cyber Security

Ransomware Hit 59% of UAE Organizations Surveyed for Sophos’ Annual “State of Ransomware 2022”

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Sophos has released its annual international survey and review of real-world ransomware experiences in the State of Ransomware 2022. The report shows that 59% of UAE organizations surveyed were hit with ransomware in 2021, up from 38% in 2020.

The report summarizes the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific, and Central Asia, the Middle East, and Africa. The main findings for the UAE in the State of Ransomware 2022 global survey, which covers ransomware incidents experienced during 2021, as well as related cyber insurance issues, include:

  • Many organizations rely on cyber insurance to help them recover from a ransomware attack – 85% of mid-sized organizations had cyber insurance that covers them in the event of a ransomware attack – and, in 100% of incidents, the insurer paid some or all the costs incurred.
  • Ninety-eight percent of those with cyber insurance said that their experience of getting it has changed over the last 12 months, with higher demands for cybersecurity measures, more complex or expensive policies, and fewer organizations offering insurance protection.

“The findings suggest we may have reached a peak in the evolutionary journey of ransomware, where attackers’ greed for ever higher ransom payments is colliding head-on with a hardening of the cyber insurance market as insurers increasingly seek to reduce their ransomware risk and exposure,” said Wisniewski. “In recent years, it has become increasingly easy for cybercriminals to deploy ransomware, with almost everything available as-a-service. Second, many cyber insurance providers have covered a wide range of ransomware recovery costs, including the ransom, likely contributing to ever higher ransom demands. However, the results indicate that cyber insurance is getting tougher and in the future ransomware victims may become less willing or less able to pay sky-high ransoms. Sadly, this is unlikely to reduce the overall risk of a ransomware attack. Ransomware attacks are not as resource intensive as some other, more hand-crafted cyberattacks, so any return is a return worth grabbing and cybercriminals will continue to go after the low hanging fruit.”

Sophos recommends the following best practices to help defend against ransomware and related cyberattacks:

  1. Install and maintain high-quality defenses across all points in the organization’s environment. Review security controls regularly and make sure they continue to meet the organization’s needs.
  2. Proactively hunt for threats to identify and stop adversaries before they can execute their attack – if the team lacks the time or skills to do this in house, outsource to a Managed Detection and Response (MDR) specialist.
  3. Harden the IT environment by searching for and closing key security gaps: unpatched devices, unprotected machines, open RDP ports, etc. Extended Detection and Response (XDR) solutions are ideal for this purpose.
  4. Prepare for the worst. Know what to do if a cyber incident occurs and keep the plan updated.
  5. Make backups, and practice restoring from them so that the organization can get back up and running as soon as possible, with minimum disruption.
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