With clients investing heavily in network defences after the sophisticated cyber-attack by suspected Russian hackers that uncovered vulnerabilities in software supply chains, Palo Alto Networks reported its first $1 bn quarter of revenue. Sales escalated by 25% to $1.02 bn, according to Bloomberg, which is the biggest YOY increase in seven quarters. Over 18,000 SolarWinds clients were exposed to Russian malware in the recent past.
UiPath, an RPA firm, has appointed Anil Bhasin, former VP of India & SAARC at Palo Alto, as MD and VP, India, and South Asia replacing Manish Bharti. Bhasin would help in adoption of automation to accelerate digital transformation across various industry verticals and sectors. He would be closely working with Rick Harshman- Senior VP and MD- Asia Pacific, Japan. UiPath recent secured $750 mn in Series F funding valuing the firms at $35 bn.
Shares in cybersecurity firms FireEye, Palo Alto Networks and Crowdstrike Holdings on Friday rose as market pandits predicated said that disclosures from Microsoft and others global tech firms would push the demand for security tech and related products. More details were revealed of suspected Russian cyber espionage campaign that has computer network security teams across the globe scrambling to limit the damage caused.
Palo Alto Networks claimed that it has discovered 22 Amazon Web Services APIs across its 16 services that can be abused by cybercriminals to leak information — AWS Identity and Access Management (IAM) users and roles in arbitrary accounts across all three AWS partitions (aws, aws-us-gov or aws-cn). AWS, the world’s most comprehensive and widely adopted cloud platform, offers over 175 fully-featured services from data centres globally.
VMware has let go off nearly 200 employees in India as a part of its latest workforce rebalancing plan to align its employees to its strategic objectives. VMware has nearly 7k employees in India – its second-biggest site after Palo Alto. VMware spokesperson said that their active programme ensures that impacted employees get new opportunities in VMware or outside. Also, they’ll continue to recruit in areas of strategic importance to the company.