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Cybersecurity firm Exabeam acquires Israeli-based cloud application security company SkyFormation for undisclosed amount

The deal has multiple synergies that bode well for Exabeam. Exabeam, a California-based cybersecurity firm stated it has acquired Israeli cloud application security company SkyFormation for an undisclosed amount. The financial details of the acquisition are yet to be disclosed. Exabeam’s first acquisition follows its recent $75 million funding round. The deal will enable Exabeam…

Chinese hackers targeted global telecom companies

U.S.-Israeli cyber security firm Cybereason has been investigating these hacking attacks by Chinese hackers for the last 9 months. On Tuesday, researchers from a cyber security company Cybereason stated, Chinese hackers have broken into the systems of more than a dozen global telecoms companies and have stolen large amounts of personal and corporate data. According…

5G participation will be based on technology and strategic national security interests: Le Maire

France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…

Cyber attack traced back to China: Bayer

In February, Germany’s cybersecurity agency had stated, the country had experienced a big increase in the number of security incidents hitting critical infrastructure, including power grids and water suppliers. German broadcasters BR and NDR had reported on these incidents. In a significant development, Germany’s largest drugmaker, Bayer stated it had mitigated a cyber attack on…

Sweden to tighten telecom operation laws

Sweden aims to tighten telecom component suppliers and operators who don’t meet sufficiently high security standards. Anders Ygeman, Sweden’s minister for digital development stated, Stockholm wants to tighten regulatory requirement for telecom suppliers and operators. Sweden’s concerns comes in the midst of heightened concerns revolving around network security. “We want to be able to exclude…