With U.S. stock markets suffering their worst day since 1987 on Monday, most technology firms took a hit as Wall Street continues to be rattled by the COVID-19 crisis. Experts predict this will drive fresh waves of consolidation and M&A in the cybersecurity market, as well as growth in hot areas.
Checkmarx, an Israeli security company that has made its mark in DevOps and application security testing, soon will have a new owner. Private equity firm Insight Partners is selling the company to another private equity firm, Hellman & Friedman, in a $1.15 billion deal.
The ACLU has filed a Freedom of Information Act lawsuit against the Department Of Homeland Security and three of its agencies in an effort to learn more about how the department uses facial recognition technology at airports and the country's borders.
Europol, along with local police in Spain, Romania and Austria, arrested about two dozen alleged members of two criminal gangs that are accused of stealing millions in euros from bank accounts in several countries by using SIM swapping techniques to steal credentials and passwords.
As the COVID-19 pandemic intensifies, public health efforts are being complicated by ransomware attacks continuing to hit healthcare facilities that are not only handling cases but also running frontline virus-testing labs.