Tag Archive for: forensics
Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B • TechCrunch
Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats.
Magnet Forensics will be purchased by a newly created corporation controlled by Thoma Bravo, Morpheus Purchaser Inc., which will pay Magnet Forensics shareholders a 15% premium over Thursday’s closing price on the Toronto Stock Exchange. Post-buy, Morpheus will be merged with mobile device forensics outfit Grayshift, which Thoma Bravo acquired majority control of last July.
The transaction is expected to close by Q2 2023, subject to shareholder and other customary approvals.
“We look forward to bringing together the complementary capabilities of Magnet and Grayshift to create a leader in the digital forensics and cyber security space,” Thoma Bravo partner Hudson Smith said in a press release. “Digital evidence is an increasingly critical aspect of investigations and the combined company will be well-positioned to further market expansion, accelerate innovation and provide even greater solutions to its customers.”
Launched in 2010, Magnet Forensics develops digital investigation software that acquires, analyzes, reports on and manages evidence from computers, mobile devices, Internet of Things devices and cloud services. The company was founded by Jad Saliba, a Waterloo regional police constable who worked in the police force’s high-tech crimes unit. After incubating Magnet Forensics’ software at the unit, Saliba decided to strike out on his own and sell the tech for a licensing fee, partnering with Jim Balsillie and Adam Belsher, then BlackBerry executives.
Before going public, Magnet Forensics attracted an investment from In-Q-Tel, the nonprofit venture arm of the U.S. intelligence community. The company claims that its software is used by more than 4,000 public and private sector customers — e.g. police forces, intelligence agencies, tax officials, border guards and militaries — in over 100 countries, helping investigators protect assets and guard national security.
Business was booming…
Why to study cybersecurity and digital forensics in Nepal? Here’s an expert explanation
In an age where cybercrime cases are on the rise, the need to create professionals trained in cybersecurity and digital forensics is increasing. Over the course of the past few years, cases related to cybercrime have gone up in Nepal too, which goes to show how important it is for the country to create these professionals.
This shows the need for a course related to cybersecurity and digital forensics, which is increasing in Nepal too and as of now, it is available only at The British College (TBC). The college has brought the degree from the University of West of England (UWE) and has been running it for over a year. The degree, according to lecturers and officials at TBC, is holistic and makes the student industry-ready as it teaches students networking, programming, laws and security and forensic tools that they will learn in a state-of-the-art lab on campus.
To speak about the course, Onlinekhabar caught up with Mazhar Malik, a senior lecturer in cybersecurity and digital forensics at the Department of Computer Science and Creative Technologies at UWE-Bristol. Malik, who has been in the field since 2005, explained what students learn from the course and its importance in today’s world and for a country like Nepal.
Excerpts:
What are cybersecurity and digital forensics? And why are they essential for a country like Nepal?
If you go by definition, cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. Digital forensics, on the other hand, is a branch of forensic science that focuses on identifying, acquiring, processing, analysing, and reporting data stored electronically.
If we look at what is happening worldwide, it is clear that cybercrimes are increasing all over the globe as one mostly hears two things. One is cybersecurity and the other is the security of data.
In the past, organisations did not pay enough attention towards investing in cyber security. But when businesses moved to work remotely through the help of the internet, then they realised the importance of cyber security.
So if you look at the banking sector, we…
Endace Awarded “Incident Forensics Solution of the Year” in 6th Annual CyberSecurity Breakthrough Awards Program | News
AUSTIN, Texas & AUCKLAND, New Zealand–(BUSINESS WIRE)–Oct 7, 2022–
Endace today announced that EndaceProbe has been selected as the “Incident Forensics Solution of the Year” winner in the 6 th annual CyberSecurity Breakthrough Awards program, conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market today.
“Capturing and analyzing packet data is an indispensable resource for securing the networking and protecting critical infrastructure. Network visibility across the network, from edge to edge, provides the most reliable defense,” said James Johnson, managing director, CyberSecurity Breakthrough. “EndaceProbe leads the industry in storage density, speed, and reliability – providing a common hardware platform for a complete and accurate source of network-wide packet data to all the teams and tools that need access to it – delivering ‘breakthrough’ visibility into network activity. Congratulations to the Endace team on being our choice for ‘Incident Forensics Solution of the Year.’”
The EndaceProbe platform provides accurate, always-on packet capture with zero-loss, and its modular design can scale to large global networks to provide weeks to months of full packet history. Its powerful API allows for integration and hosting of commercial and open-source network security and performance tools to analyze live or historical traffic. The EndaceProbe provides a common infrastructure that allows for the sharing of a single, authoritative source of packet data across SecOps, NetOps, and IT teams.
“Endace has specialized in scalable high performance, high reliability packet capture technology for more than two decades along with a strong legacy of third-party integrations. Organizations increasingly recognize the benefits of adopting a common hardware platform that can integrate with and host their chosen security and performance analytics tools and provide visibility into activity across the entire network,” said Endace CEO, Stuart Wilson. “EndaceProbe gives security analysts the ability to…