‘Microsoft-backed Rubrik prepping for a $750M IPO’
The data protection software startup has hired banks to prep the massive public offering, sources say.
This week Reuters reported that Rubrik, the US cybersecurity startup, has hired a group of banks to prepare for an initial public offering that could go as high as $750 million (€696 million)... Read more
NetApp releases new ASA block storage line, offers ransomware guarantee
NetApp announces a series of new products and programs. The company is introducing a new product line called NetApp ASA (All-Flash SAN Array), for block storage that guarantees 99.9999 percent data availability. In addition, customers can count on an extended recovery guarantee for ransomware attac... Read more
Insurer must pay $1.4 billion due to ransomware damage
The U.S.-based Ace Insurance has been forced to pay $1.4 billion to pharmaceutical company Merck. The latter was hit by a ransomware attack by the Russian NotPetya. The insurer did not want to pay out on the grounds that the attack had supposedly been an act of war.
The US judge argued that the ... Read more
Vulnerable SMBs prop up an IT supply chain riddled with ransomware
A recent report by Trend Micro suggests that SMBs are the weak link in IT supply chains.
Ransomware is one of the many threats that small and medium business enterprises (SMBs) face on an almost daily basis. Attacks can damage their reputation and wallet and bring their day-to-day operations to... Read more
Avast launches ransomware shield for small businesses
Avast updated its Ransomware Protection functionality to give organizations an additional line of defense against ransomware threats.
According to Avast, the number of ransomware threats rose by 24 percent in 2022 compared to 2021. Hence, Avast revealed a new way to protect small businesses agai... Read more
BlackCat ransomware gang claims attack on Luxembourg power company
The Black Cat ransomware takes charge of a cyberattack on a Luxembourg-based power company.
On July 22 and 23, an attack on Encevo's energy and gas rail line corporation in Luxembourg contributed to network invaders trying to withdraw data.
The connection to Black Cat, also recognized as ALPH... Read more
Veritas introduces ransomware protection for container environments
Veritas, the data management firm, said on Tuesday that it is expanding its ransomware data protection hardware and services, to work in more environments, including the public cloud and Kubernetes. Veritas is popular among IT circles for helping organizations protect critical information and data ... Read more