Shares in Secureworks Corp. dropped in regular trading today after the cybersecurity company missed on earnings, revenue and outlook in its latest quarter. For its fiscal first quarter that ended May 5, Secureworks reported a net loss before costs such as stock compensation of $17.1 million, or 20 cents per share, higher than its loss of $7.6 ...

Business planning platform startup Pigment SAS today announced it has raised $88 million in new funding to facilitate further growth and product development. Founded in 2019, Pigment offers a cloud-based business forecasting platform that handles business strategy in real time. Pigment’s platform is pitched as offering an intuitive, full-spectrum view of a company that allows users to plot ...

Days after the U.S. Cybersecurity and Infrastructure Security Agency warned that a critical vulnerability in Progress Software Corp.’s MOVEit file transfer software was actively being exploited, the Clop ransomware gang claims to have used the vulnerability to target various organizations worldwide. The BBC, itself a victim of the attack, reported today that the Clop group posted a notice ...

A new report from Verizon Communications Inc. detail the growth in data breaches over the last year, finding that business email compromise attacks have almost doubled and now represent more than half of all social engineering incidents. The 16th annual Data Breach Investigations Report, released Tuesday, analyzed 16,312 security incidents and 5,199 breaches to come ...

Shares in Smartsheet Inc. dropped by nearly 20% in late trading today after the management platform provider missed on its free cash flow outlook. For its fiscal first quarter that ended on April 30, Smartsheet reported earnings before costs such as stock compensation of 18 cents per share, up from a loss of 18 cents per share in the ...

Cybersecurity startup Snyk Ltd. today unveiled a range of enhancements to its developer security platform to advance the company’s developer-first approach to DevSecOps, the practice of integrating security testing at each stage of the software development process. Leading the list is the addition of a developer application security posture management or ASPM feature, designed to streamline the management ...

Enterprise network-as-a-service startup Nile Global Inc. today announced a new integration with Palo Alto Networks Inc. that allows joint customers to benefit from Nile Access Service for enterprise campuses and Palo Alto Networks Next-Generation Firewalls. The integration between Nile and Palo Alto Networks is said to offer several crucial benefits to businesses and institutions. Leading the list is ...

Cloud-native application security firm Sysdig Inc. today announced new end-to-end detection and response in its cloud-native application protection platform or CNAPP, aimed at providing instant security for organizations operating in the cloud. The new release consolidates cloud detection and response within Sysdig’s CNAPP, streamlining the company’s security offerings into one unified platform. The company says the release enables organizations ...

Cybersecurity startup Blumira Inc. today announced that it has raised $15 million in new funding to bolster the launch and development of its new extended detection and response platform. Founded in 2018, Blumira offers a security information and event management system that aggregates security information from an organization’s threat detection tools and analyzes the data for patterns ...

Amazon Web Services Inc. announced today that the Technology Innovation Institute in Abu Dhabi has trained its large language model Falcon 40B on the cloud provider’s infrastructure. The achievement is said to mark a significant milestone in the collaboration between AWS and TII, since both AWS and TII are attempting to push the boundaries of artificial ...