Duncan Riley
Latest from Duncan Riley
Justice Department elevates ransomware attacks to the same priority as terrorism
The U.S. Department of Justice has elevated investigations into ransomware and given them a similar priority as terrorism, according to a June 3 report from Reuters. The decision comes after attacks on Colonial Pipeline Co. and JBS S.A. The former caused fuel shortages on the East Coast of the U.S. and the latter resulted in ...
DocuSign shares rise on stronger than expected quarterly earnings
Shares in digital document signing tools company DocuSign Inc. rose in after-hours trading after the company beat Wall Street expectations in its quarterly earnings report. For the quarter ended April 30, DocuSign reported revenue rose 58% from a year ago, to $469.1 million. Subscription revenue rose even more, up 61%, to $451.9 million. The company ...
Go team: Shares in Asana surge while Slack sags as both report strong earnings
In a tale of two team collaboration companies, shares in Asana Inc. surged in after-hours trading while shares in Slack Technologies Inc. fell slightly after both companies delivered strong quarterly earnings reports today. For the quarter ended April 30, Asana reported revenue jumped 61% from a year ago, to $76.7 million. The company lost $23.7 ...
Shares in CrowdStrike flat despite the cybersecurity firm’s earnings beat
Shares in CrowdStrike Holdings Inc. were flat in after-hours trading today despite the company beating analysts’ predictions for its fiscal first quarter. For the quarter ended April 30, CrowdStrike reported revenue shot up 70% from a year ago, to $302.8 million, also up from $264.9 million in the previous quarter. Annual recurring revenue jumped 74% year-over-year, to ...
FireEye to sell product group in $1.2B deal, will retain Mandiant business
Cybersecurity firm FireEye Inc. today announced that it will sell its products group to private equity company Symphony Technology Group for $1.2 billion. Under the deal, FireEye is also selling its name and core business but will retain assets that were acquired from Mandiant Inc. in a $1 billion stock-and-cash deal in 2014. The sale ...
Smartsheet shares jump on better-than-expected quarterly earnings
Shares in work management platform provider Smartsheet Inc. jumped in after-hours trading today after the company beat analysts’ predictions in its fiscal first-quarter earnings. For the quarter ended April 30, Smartsheet reported it lost $38.4 million on a 37% rise in revenue from a year ago, to $117.1 million. The company’s loss before costs such as ...
Survey finds CISOs are relying on outdated, report-based threat intelligence
The vast majority of chief information security officers rely on outdated, report-based threat intelligence, according to a new threat intelligence survey from threat intelligence firm Cybersixgill Ltd. Based on a survey more than 150 CISOs at firms with at least 10,000 employees or more than $1 billion in revenue, at least 90% of CISOs rely ...
Egress acquires anti-phishing provider Aquilai to strengthen its email security platform
Security startup Egress Software Technologies Ltd. today revealed that it has acquired email anti-phishing provider Aquilai Ltd. for an undisclosed price to strengthen its Intelligent Email Security platform. Founded in 2017 by artificial intelligence scientists and security experts to solve phishing, the company offers software that protects against phishing attacks. The company says its Ajax Intelligence service ...
Shares in fintech company SoFi rise on SPAC merger debut
Shares in financial technology company SoFi closed up 12%, to $22.65, on their debut on the Nasdaq exchange today after merging with special-purchase acquisition company Social Capital Hedosophia Corp V. The SPAC merger, first announced in January, valued SoFi, formally named Social Finance Inc., at $8.65 billion with the SPAC offering raising $2.4 billion. Founded ...
Ransomware attack on meat processor JBS strikes operations in US, Canada and Australia
JBS S.A., the world’s largest meat processing company, has been struck by a ransomware attack, grinding operations in the U.S., Canada and Australia to a halt. In a statement late Monday, JBS said that it had been targeted by a cyberattack on Sunday that affected some of the servers supporting its North American and Australian information ...