Network Security News

Friday, December 11, 2009

Businesses still plagued by data breaches
As businesses face a March deadline under an oft-delayed state law to protect customer and employee personal information, data breaches affecting Massachusetts residents remain strikingly frequent.

Friday, September 25, 2009

Data security rules offer boost to Waltham’s Fidelis
Fidelis Security Systems Inc. has for years been supplying a combined hardware-software appliance that does one thing — stops data leakage from a network. Now, the company is poised for growth that will bring it into the black.

Friday, August 21, 2009

Massachusetts data regulations get bumped and tweaked
Information technology service providers are scratching their heads and applauding at the same time, over the latest revision to Massachusetts’ pending data security regulations. It is the second time the state Office of Consumer Affairs and Business Regulation has brought the rules back for an overhaul.

Friday, August 14, 2009

Wave of threats drives security firms into consumer market
A spate of recent attacks on some of the newest consumer technologies has local IT security firms scrambling to provide consulting and technology that protects computers against new forms of threats.

Thursday, June 18, 2009

MassNetComms brings startups, telco vets together at summit
The Massachusetts Network Communications Council held its 2009 Innovators Summit last night, with 16 companies presenting their technology and business plans to a crowd of investors and telecom industry veterans.

Friday, June 12, 2009

How I See It: Protecting our hardware allows us to protect ourselves
Paul Bradley, chief technology officer, DAFCA, writes: To date, efforts to secure the nation’s electronic systems and the information stored within them have been insufficient. Data shows that cyber security problems are getting worse. The attackers are winning. More is needed, and fast.

Thursday, April 2, 2009

Imprivata IDs value in IdentiPhi purchase
Imprivata Inc. reports it has acquired the assets of enterprise security company IdentiPhi Inc. for an undisclosed amount.

Friday, March 20, 2009

StopLift sees a way to end retail inside theft
Not everyone has to worry about the grocery bill. “Sweethearting,” as it’s known to retailers, is when the cashier lets friends and family walk out with more than they paid for — and it’s more common than you might think.

Thursday, March 12, 2009

NitroSecurity nabs UK’s Chronicle Solutions
NitroSecurity Inc. has acquired Chronicle Solutions (U.K.) Ltd. in an asset-based transaction, executives report at the Portsmouth, N.H.-based maker of security information management software.

Friday, March 6, 2009

GE picks Industrial Defender to secure the smart grid
Foxborough-based cyber-security firm Industrial Defender Inc. has struck a claim in the growing smart grid industry with a new partnership deal with GE Energy, the power and energy division of General Electric Co.

Friday, February 20, 2009

Mixed reception to Mass. data regs changes
The state hopes changes to Massachusetts’ data privacy regulation plan will calm business community fears over the cost of the new controls, but watchers of the process say the government may have made things worse.

Thursday, February 19, 2009

Novell deals deeper into IT security
Novell Inc. reported a pair of deals in the IT security space. The Waltham-based open-source IT infrastructure provider has acquired the technology assets of Fortefi Ltd., a U.K.-based provider of IT security software, and has signed a permanent license to use the SecureLogin sign-on software made by California-based ActivIdentity Corp. (Nasdaq: ACTI).

Wednesday, January 21, 2009

Latest round lands $10M in eIQnetworks’ lap
EIQnetworks Inc. closed a $10 million round of financing, the company reports. New York-based Venrock Associates led the round, which was the first institutional funding for the Acton-based IT security and compliance company.

Tuesday, September 30, 2008

Wave Systems’ stock sale generates $211K
Data security developer Wave Systems Corp. has announced the completion of its sale of 48 shares of 8 percent Series I convertible preferred stock to investors for $4,400 per share to total $211,200.

Wednesday, September 17, 2008

Rapid7 secures a quick $7M in first funding
After eight years in business, and seven years shipping product, Boston-based security software maker Rapid7 Inc. has secured its first round of private financing, bringing in $7 million from Bain Capital Ventures.

Tuesday, September 2, 2008

Sumisho to buy B4 Consulting
B4 Consulting Inc. reports that Sumisho Computer Systems Inc. plans to acquire B4 Consulting and operate it as a U.S.-based subsidiary. Waltham-based B4 provides business performance management, implementation and support services for SAP products.

Friday, August 29, 2008

Threat growth driving managed security swell
A recent report by firm Infonetics Research in California claims that the worldwide managed security market, including the sale of customer-premises equipment and network-based managed firewalls and content security services, will nearly double between 2007 and 2011, when it will reach $13.8 billion.

Friday, August 22, 2008

Bay State hackers find security holes in defibrillators, RFID
Hackers getting a free T pass may be the least of our worries — local hackers-turned-security experts, like BBN Technologies' Peiter "Mudge" Zatko, suggest RFID keycards, wireless networks and medical devices implanted in the body are also vulnerable to hacks.

Wednesday, August 13, 2008

Wave Systems finds another way to Nasdaq noncompliance
Wave Systems Corp. reports that it received notification from The Nasdaq Stock Market indicating that the company’s Class A common stock is subject to potential delisting because its bid price has closed below the minimum $1 per share requirement during the last 30 days.
NitroSecurity nails down $10M fourth round
One month after acquiring a Pennsylvania firm, network security company NitroSecurity Inc. reports that it secured a $10 million Series D round of financing from investors led by a Pennsylvania-based venture capital firm.