Security News
TrapX Security announced that Steve Preston has been appointed Chief Executive Officer. An experienced cybersecurity leader who has served as Senior Vice President of Strategy and Growth for the company for the past year, Mr. Preston will succeed Ori Bach and assume day-to-day leadership of TrapX Security.
The boss of Colonial Pipeline has appeared before a Senate Committee to explain the events which led to US East Coast fuel supplies running dry last month and some $5m being handed over in ransom. Last week, Charles Carmakal, senior VP at cybersecurity firm Mandiant, which responded to the incident, revealed in an interview, that crooks accessed Colonial Pipeline's network using an old VPN and password thought to have fallen into the wrong hands via the dark web, although investigations are still ongoing.
A pipeline company CEO on Tuesday defended his decisions to abruptly halt fuel distribution for much of the East Coast and pay millions to a criminal gang in Russia as he faced down one of the most disruptive ransomware attacks in U.S. history. Colonial Pipeline CEO Joseph Blount said he had no choice, telling senators uneasy with his actions that he feared far worse consequences given the uncertainty the company was confronting as the attack unfolded last month.
Linksys announces the appointment of Harry Dewhirst to chief executive officer effective immediately. Dewhirst takes on the role after leading product and business development for the company as vice president.
Exabeam, a late-stage startup in the data analytics and SIEM space, has landed a new $200 million funding round that values the company at $2.4 billion. The announcement of Exabeam's latest Series F funding, described as a "Growth round," coincides with news that co-founder and CEO Nir Polak will be replaced by former ForeScout chief executive Michael DeCesare.
Colonial Pipeline chief executive Joseph Blount has confirmed the company shelled out $4.4 million to purchase a decryption key to recover from the disruptive ransomware attack that caused gasoline shortages in parts of the U.S. A Wall Street Journal report said Colonial Pipeline made the $4.4 million payment on the evening of May 7 in the form of bitcoin. "Colonial Pipeline is critical to the economic and national security of our nation," a company spokesperson told SecurityWeek.
New Relic announced the promotion of Bill Staples to CEO effective July 1, 2021. "When we recruited Bill into the company, we thought that he would be the natural successor to me as CEO at the right time," said Lew Cirne, founder & CEO at New Relic.
An industry veteran, Raghuram is a strategic business leader who currently holds the position of Executive Vice President and Chief Operating Officer, Products and Cloud Services at VMware. "I am thrilled to have Raghu step into the role of CEO at VMware. Throughout his career, he has led with integrity and conviction, playing an instrumental role in the success of VMware," commented Michael Dell, chairman of the VMware Board of Directors.
SolarWinds' chief exec has described the 18,000 customers who downloaded backdoored versions of its Orion software as a "Very small" number while giving a speech to an infosec event. "Although the number of affected customers is very small, that we eventually discovered, it is still a very important thing to discover, because this is a unique and very novel attack on the supply chain of a company," said Ramakrishna in his opening remarks - adding that "None of our source code control systems were tampered with."
Verato announced that effective April 30, 2021, Clay Ritchey has been appointed as the Company's Chief Executive Officer. He succeeds Mark LaRow who is retiring to the company's Board of Directors after serving as CEO of Verato since January of 2015.