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Cyber Daily: Tech Firm Ivanti Snaps Up Two Security Firms | French Container Line Hit in Cyberattack – Wall Street Journal


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Cyber Daily: Tech Firm Ivanti Snaps Up Two Security Firms | French Container Line Hit in Cyberattack – Wall Street Journal

Sept. 29, 2020 9:48 am ET | WSJ Pro Good day. Software company Ivanti Inc. is buying two Silicon Valley cybersecurity firms to bolster its remote work offerings for the post-pandemic world. The deals aim to capitalize on trends accelerating during the pandemic, WSJ Pro’s David Uberti reports. Other news: Hacker releases data about Las Vegas-area…

Cyber Daily: Tech Firm Ivanti Snaps Up Two Security Firms | French Container Line Hit in Cyberattack - Wall Street Journal thumbnail

Good day. Software company Ivanti Inc. is buying two Silicon Valley cybersecurity firms to bolster its remote work offerings for the post-pandemic world. The deals aim to capitalize on trends accelerating during the pandemic, WSJ Pro’s David Uberti reports.

Other news: Hacker releases data about Las Vegas-area students; French container line hit in cyberattack; Premera Blue Cross to pay $6.85 million to settle data breach case; and hospital chain
Universal Health Services

disrupted after suspected ransomware attack.

Vendor Consolidation

Ivanti buys two security firms to bolster remote work offerings. South Jordan, Utah-based Ivanti will purchase mobile-security firm
MobileIron
Inc.
for $872 million and remote-access provider Pulse Secure LLC for an undisclosed amount.

With the acquisitions, Ivanti aims to add security services to its automated information-technology tools for a world in which more people work outside offices and on many devices, Chief Executive
Jim Schaper
said in an interview.

Companies have shifted security spending toward cloud-based services and tools that protect individual employees and their devices, rather than physical workplaces.

Although the pandemic has given some cybersecurity firms a boost, smaller and weaker businesses may become acquisition targets as the economic fallout from the coronavirus pandemic drags on, said Jeff Pollard, a cybersecurity analyst at Forrester Research Inc.

Read the full story.

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— Jim Schaper, CEO of Ivanti Inc., on his firm’s acquisition of two cybersecurity companies

More Cyber News

Hacker releases information on Las Vegas-area students after officials don’t pay ransom. The release of Social Security numbers, student grades and other private information for students in the Clark County School District shows an escalation in tactics for hackers who hit schools reliant on online learning and technology to run operations during the coronavirus pandemic, The Wall Street Journal reports. District officials will notify affected individuals as they continue to investigate the incident.

Container line CMA CGM hit by cyberattack. French container shipping line CMA CGM SA said Monday it has shut down some of its technology systems as it copes with a cyberattack at two of its Asia-Pacific subsidiaries, according to WSJ’s Logistics Report. People involved in the matter said the carrier was investigating an encryption malware attack and that it had been contacted by someone claiming to be a hacker who asked for ransom in return for a decryption key. “As soon as the security breach was detected, external access to applications was interrupted to prevent the malware from spreading,” the company said in a statement.

Premera Blue Cross to pay $6.85 million to settle data breach case. The health insurer, based in Washington state, will also have to make security improvements required by the U.S. Department of Health and Human Services. The regulator’s investigation found a “failure to conduct an enterprise-wide risk analysis and failures to implement risk management and audit controls,” HHS said.

The history: Premera in 2015 revealed that malware had been planted on its network in 2014, compromising personal data about 10.4 million individuals, WSJ reported at the time. That included names, addresses, dates of birth, email addresses and Social Security numbers, as well as clinical and banking information, HHS said.

Hospital chain Universal Health Services disrupted after suspected ransomware attack. Computer systems at Universal Health Services Inc., one of the nation’s largest hospital chains, were taken offline after a malicious software attack crippled the company’s computers and led it to cancel some surgeries and divert some ambulances.

The company took down systems used for medical records, laboratories and pharmacies across about 250 U.S. facilities on Sunday to halt further spread of the malware attack, Universal Health President
Marc Miller
said in an interview Monday.

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