July 31, 2024
Tech News
Operational Technology (OT) systems, crucial for industries like manufacturing and energy, are increasingly targeted by cyberattacks due to their integration with IT systems. The lack of alignment between IT and OT teams hinders effective cybersecurity strategies. Converging IT and OT can enhance visibility, implement Zero Trust models, and leverage AI for better threat detection, ensuring comprehensive protection against cyber threats.
The integration of AI in business operations has raised concerns about increased vulnerability to cyberattacks. While AI offers advanced capabilities, it also presents new security challenges that need to be addressed to protect sensitive data and systems.
Wiz, a cloud security startup, declined a $23 billion acquisition offer from Google, believing in its potential to achieve $1 billion in annual recurring revenue and pursue an IPO. The decision reflects Wiz’s confidence in its growth prospects and the challenges Google faces in closing large deals.
Lineaje, a cybersecurity startup, secured $20 million in Series A funding to enhance its platform that detects and mitigates software supply chain attacks. The funding will support its expansion, particularly in the U.S. public sector, addressing the growing threat of supply chain vulnerabilities.
Tech Explained
Operational Technology (OT) – Refers to the hardware and software used to monitor and control physical devices, processes, and events in industrial settings.
Zero Trust models – A security concept that assumes all users, devices, and applications are untrusted and must be verified before granting access to resources.
AI (Artificial Intelligence) – The simulation of human intelligence processes by machines, including learning, reasoning, and self-correction.
Software Supply Chain – The network of organizations involved in the creation and distribution of software products, including processes for detecting and mitigating security threats.
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