At a glance.
- Entitle raises $15 million in seed funding.
- Executive moves.
- Company news.
- Labor markets: a deep dive into cyber labor trends and risks, the DoD's workforce strategy, and the US federal and military cyber forces.
Investments and exits.
Cloud permissions management platform provider Entitle, based in New York, has raised $15 million in seed funding, led by Glilot Capital Partners with participation from angel investors. The company's departure from stealth is intended to deliver a security-first cloud permissions management platform committed to business enablement, the company says. "Our expertise in the IDF was in operational security and the core problems underlying permissions management are operational. Entitle enables us to apply our military training to solve a tough, long standing IT problem," said Ron Nissim, co-founder and CEO, Entitle. "The Entitle platform takes the risk management burden off DevOps teams and onto security, where it belongs. Our security-first approach eliminates the tradeoff between security and productivity and we're excited to show what we bring to the table."
San Francisco-based enterprise cybersecurity company CommandK has raised $3 million in seed funding, led by Lightspeed Ventures, with angel investor participation. The company intends to use the funding to "achieve higher security standards with little to no change management" at the end of the developers. “Large web-scale companies have resources to build internal tools that allow developers to build secure products; however, these tools need constant upgrades in the ever-evolving cybersecurity landscape. Unless the companies have a dedicated team to focus on this problem, the company’s overall security posture keeps falling behind. Companies cannot put data security on the back burner any longer. In 2022 alone, companies spent an average of $5M in a single instance of a data breach. About half of the breaches involved leaked secrets or sensitive data. At the same time, because security is a niche skill, hiring security engineers isn’t easy or scalable. We built CommandK to fill this gap," said Jayesh Sidhwani, Co-Founder of CommandK.
AT&T may be divesting from their cybersecurity division, according to reports from people familiar with the matter, wrote Reuters yesterday. The wireless carrier is said to be in talks with Barclays Plc for potential bid solicitation for the company's cyber business, formerly known as Alienvault. The amount that could be ascertained by the business remains unclear, and the sources Reuters provide remain anonymous due to the confidential nature of the discussions.
Salt Security has appointed Gilad Gruber as the company's Senior Vice President of Engineering.
LexisNexis Special Services has named Lori Weatherwax as the company's new Director of Business Development Enterprise Solutions.
QinetiQ has tapped Gary Stewart as the new Chief Executive for the company's newly formed Australia unit.
Acalvio Technologies has named retired Four-Star Navy Admiral James “Sandy” Winnefeld as the chair for the company's newly-formed Federal Advisory Board.
RKVST has appointed Dr. Cindy Vestergaard as Vice President, Special Projects and External Relations for the company.
QuSecure has welcomed Lisa Hammitt to its Board of Directors.
Kaspersky has named Rashed Al Momani as the company's General Manager for the Middle East.
Cycurion has named Kevin Kelly as the company's Chief Executive, ahead of an impending SPAC merger.
Deloitte Romania has tapped Andrea Multari as partner and leader of the organization's Central Europe specialized practice.
Venable has named Gregory A. Cross as the partner-in-charge of the company's Baltimore office.
A LinkedIn post from the profile of corporate vice president and COO of Intel's Network and Edge Group, Hong Hou, discloses his departure from his role this month at Intel, for a position as President of the Semiconductor Group at Brooks Automation, CRN reported.
Cyberwrite has appointed Hartmut Mai as the company's Group President.
ESET Australia country manager Kelly Johnson is departing from the company as it shifts its operations to Singapore. As of March 31, Parvinder Walia will lead the vendor.
Okta has named Neville Vincent as the firm's Vice President for Asia.
Duality Technologies has added former commander of the United States Cyber Command (USCYBERCOM), retired Adm. Michael Rogers, to the company's Board of Advisors.
Red Sift has welcomed Dr. Ian Howells to their leadership team as Chief Business Officer.
Telos Corporation has made two new team additions: Josh Salmanson as Senior Vice President of Technology Solutions and Lee Canterbury as Vice President of Corporate Growth.
Silverfort has named John Paul Cunningham as the company's new Chief Information Security Officer.
Mel Wesley has been named as Deepwatch's newest Chief Financial Officer.
Trustmarque has appointed Simon Williams as the company's new CEO, effective in March.
Proceed Group has announced the promotion of Robert Reuben as the company's Managing Director after three years with the company.
NetSPI has made two additions to its Board of Directors, Scott Lundgren and John Spiliotis, both veteran security industry executives.
Armis has promoted Brian Gumbel to the position of President, effective immediately.
Managed cybersecurity and IT services provider High Wire Networks has onshored 100% of its network and security operation centers, centralized now in Batavia, Illinois, Globe Newswire reports. “Onshoring our network operation center and SOC significantly strengthened our cybersecurity infrastructure and processes, with this providing us a clear competitive edge,” said President and CEO of High Wire, Mark Porter.
Ridgeline International, a government contracting company headquartered in Virginia, has opened a new office in Tampa, Florida, the Tampa Bay Times recounted Friday. The MacDill Air Force Base and US Southern Command's Tampa Bay locations are cited as reasons for the creation of the new office. Chief Executive Erik Wittreich notes that “operating out of Tampa will afford us access to an impressive talent pool, and one that is ideal as Ridgeline continues our targeted growth."
Palo Alto Networks Thursday announced the Switzerland launch of its cloud infrastructure, the Longview News Journal detailed last week. This move will allow Swiss customers access to the full scope of Palo Alto's security solutions, while meeting data residency requirements. "As organisations continue to transform their businesses with cloud computing, they need to protect themselves against an increasingly complex threat landscape, while trying to navigate and meet in-country data residency needs," said Chief Executive of EMEA and LATAM for Palo Alto Networks, Helmut Reisinger. "Our investment in new cloud infrastructure demonstrates our commitment to Switzerland and will ensure that Swiss customers have access to market-leading cybersecurity platforms and analytics, while helping them meet their data residency needs."
Labor markets: a deep dive into cyber labor trends and risks, the DoD's workforce strategy, and the US federal and military cyber forces.
The ever-changing cyber labor market has seen stormy seas as 2023 has begun, and the US federal government and military have not been free from the effects. Today, we begin a series on the state of the Big Tech and cyber labor markets, the potential risks associated with a transitioning workforce, the Defense Department’s new cyber workforce management strategy, and US federal and military cyber workforce.
In terms of layoffs and uncertainty, we’ve previously discussed ISC2’s “How the Cybersecurity Workforce Will Weather a Recession” report, which details the anticipated impact of economic hard times and related factors on the cybersecurity workforce as this year unfolds. The research showed that the cybersecurity workforce is highly regarded by executives, however, even with executives understanding their intrinsic value, cybersecurity workers have not been exempt from the economy’s wrath. Within the first two months of 2023, we’ve already seen major players in the sector – such as Sophos, Okta, and Secureworks – make cuts to their teams, Cybersecurity Dive aptly noted earlier this month. Tanium, not itself laying people off, made mention of the cuts seen in big tech as well: Alphabet, Google’s parent company, saw cuts to 12,000 employees, with Amazon slashing their labor force by 18,000 and Dell, IBM, Microsoft, and SAP also recording major reductions in their staff. Some employees may also become a kind of insider risk (perhaps a former-insider risk), Tanium observes, as companies’ offboarding processes may not be adequate to a period of layoffs. Another, related consideration, as Dice discussed last week, is the uptick in recruitment for cybercriminal tech and IT. A Kaspersky study analyzing the cybercriminal labor market (discussed here late last month) identified some pretty high-paying job opportunities in cybercrime, as well as offers of many benefits that are reminiscent of their above-board counterparts, such as paid vacation and sick leave, as well as flexible scheduling. For more on the cyber labor market, see CyberWire Pro.
In terms of US federal policies related to the cyber workforce, the Defense Department (DoD) released a DoD manual on the Cyberspace Workforce Qualification & Management Program, the third installment in a policy series focused on cultivating cyber personnel. The intention behind the new manual is to provide a modernized approach to talent management, giving DoD components more flexibility when it comes to developing a qualified cyber workforce. The manual covers cyber roles in the areas of information technology, cybersecurity, cyber effects, cyber intelligence, and cyber enablers. The DoD’s highly-anticipated cyber workforce strategy is still in the works, but it’s said to create new job roles as well as updating existing ones. Breaking Defense reported last week that the policy’s implementation will include development of positions that specialize in data and AI. For more on the US Department of Defense approach to its cyber workforce, see CyberWire Pro.
The US military cyber workforce has seen some Congressional sentiment in favor of the possibility of establishing a new military Service, a Cyber Force, Breaking Defense reported earlier this month. Wisconsin lawmaker Mike Gallagher, chairman of the House Armed Services Committee’s (HASC) Cyber, Innovative Technologies and Information Systems (CITI) Subcommittee, is reportedly open to the idea, but believes the creation of more bureaucracy so soon after the creation of US Space Force may be grounds for hesitation. The US Navy is also said to have plans for a new cyber strategy coming “in a month or so,” Chris Cleary, the Navy’s principal cyber advisor said last week, according to Breaking Defense. The US Army also held its Cyber Leadership Conference (CLC) at West Point from the 30th of January through the first of February, where Chief Warrant Officer 3, Justin Helphenstine, is currently tactical director at the Cyber National Mission Force, and has made it his mission to bring in new cadets and teach them about the cyber domain and what it means for the Army. For notes on the US Military Services' approach to cyber staffing, see CyberWire Pro.