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PE Firm Francisco Partners to Take Sumo Logic Private in $1.7B Deal

Cloud monitoring, log management and SIEM solutions provider Sumo Logic is set to become a private company after it has entered into a definitive agreement to be acquired by affiliates of private equity firm Francisco Partners for $1.7 billion. Francisco Partners is prepared to pay $12.05 per share in cash. The law firm Kahn Swick & Foti has announced that it’s investigating the deal to determine if the price is adequate. Sumo Logic offers cloud-native…

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Confident cybersecurity means fewer headaches for SMBs

Small and medium-sized businesses have good reason to be concerned about the loss of data and financial impacts While tech advancements have enabled small and medium businesses (SMBs) to grow their business and allowed them to evolve their operational models, cybersecurity risks and threats can cancel any progress that has been made so far. Underlying these is another serious obstacle: SMBs lacking confidence in managing cybersecurity. The lack of confidence manifests as a strong belief…

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Apple fixes zero-day spyware implant bug – patch now!

by Paul Ducklin Apple has just released updates for all supported Macs, and for any mobile devices running the very latest versions of their respective operating systems. In version number terms: iPhones and iPads on version 16 go to iOS 16.3.1 and iPadOS 16.3.1 respectively (see HT213635). Apple Watches on version 9 go to watchOS 9.3.1 (no bulletin). Macs running Ventura (version 13) go to macOS 13.2.1 (see HT213633). Macs running Big Sur (version 11)…

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Microsoft Patch Tuesday: 36 RCE bugs, 3 zero-days, 75 CVEs

by Paul Ducklin Deciphering Microsoft’s official Update Guide web pages is not for the faint-hearted. Most of the information you need, if not everything you’d really like to know, is there, but there’s such a dizzing number of ways to view it, and so many generated-on-the-fly pages are needed to display it, that it can be tricky to find out what’s truly new, and what’s truly important. Should you search by the operating system platforms…

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Zscaler to Acquire Israeli Startup Canonic Security

Cloud security vendor Zscaler on Tuesday announced plans to acquire Israeli early-stage startup Canonic Security to expand its services into the red-hot software supply chain security business. Financial terms of the transaction were not disclosed. Canonic Security, based in Tel Aviv, Israel, emerged from stealth exactly a year ago with $6 million in seed-stage venture capital funding for technology in the third-party app governance space. The publicly traded Zscaler, based in San Jose, CalifCanonic’s platform…

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Microsoft Patch Tuesday, February 2023 Edition

Microsoft is sending the world a whole bunch of love today, in the form of patches to plug dozens of security holes in its Windows operating systems and other software. This year’s special Valentine’s Day Patch Tuesday includes fixes for a whopping three different “zero-day” vulnerabilities that are already being used in active attacks. Microsoft’s security advisories are somewhat sparse with details about the zero-day bugs. Redmond flags CVE-2023-23376 as an “Important” elevation of privilege…

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Serious Security: GnuTLS follows OpenSSL, fixes timing attack bug

by Paul Ducklin Last week, we wrote about a bunch of memory management bugs that were fixed in the latest security update of the popular OpenSSL encryption library. Along with those memory bugs, we also reported on a bug dubbed CVE-2022-4304: Timing Oracle in RSA Decryption. In this bug, firing the same encrypted message over and over again at a server, but modifying the padding at the end of the data to make the data…

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The Lessons From Cyberwar, Cyber-in-War and Ukraine

The war in Ukraine is the first major conflagration between two technologically advanced powers in the age of cyber. It prompts us to question the nature of modern warfare and the role of cyber in its operation. Here we will look at the use of cyber in the years leading to the kinetic war, and the use of cyber technology on the modern kinetic battlefield. We need to understand the meaning of cyber and the…

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Key findings from the latest ESET Threat Report – Week in security with Tony Anscombe

What is behind the drop in ransomware and what should still be done for containing the ransomware scourge? Ransomware detections fell by 20% between 2021 and 2022, according to ESET’s latest Threat Report. What is behind the drop, why is ransomware still a huge problem, and what has yet to be done before the ransomware scourge is contained? Watch the video to learn not just about the latest trends in ransomware, but also about, for…

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US Blacklists 6 Chinese Entities Over Balloon Program

The United States on Friday blacklisted six Chinese entities it said were linked to Beijing’s aerospace programs as part of its retaliation over an alleged Chinese spy balloon that traversed U.S. airspace. The economic restrictions followed the Biden administration’s pledge to consider broader efforts to address Chinese surveillance activities and will make it more difficult for the five companies and one research institute to obtain American technology exports. The move is likely to further escalate…

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