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FireEye Acquires Mandiant for Approximately $1Bn

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FireEye, the leader in stopping today’s advanced cyber attacks, has announced that it has acquired privately held Mandiant, the leading provider of advanced endpoint security products and security incident response management solutions.

The acquisition, which recognizes the ever-increasing intensity of cyber attacks and follows nearly two years of collaboration, creates the industry’s leading advanced threat protection vendor with the ability to find and stop attacks at every stage of the attack life cycle.

The transaction closed on December 30, 2013.

The combination of FireEye and Mandiant brings together two highly complementary companies, each a recognized leader and innovator in security, and creates an organization uniquely qualified to meet organizations’ needs for real-time detection, contextual threat intelligence, and rapid incident response.

FireEye pioneered the use of virtual machine technology in security with the introduction of its purpose-built virtual machine-based Multi-Vector Virtual Execution (MVX) engine.

With more than two million virtual machines deployed worldwide, the company’s virtual machine-based Web, email, data center, and mobile security solutions provide real-time, dynamic threat protection to more than 1,500 government, enterprise, and small and mid-sized customers.

Mandiant is an acknowledged leader in endpoint security, incident response, and remediation, with more than two million endpoints installed globally.

As a trusted security advisor to more than one-third of the Fortune 100, Mandiant’s experts have responded to hundreds of high-profile security incidents and bring deep security and incident response expertise to FireEye.

The combined organization unifies the critical components required to provide state-of-the-art cyber security: the most complete library of actionable threat intelligence on advanced threats and a product suite that can apply that intelligence to detect and prevent attacks on both the network and on endpoints.

This powerful combination of security products and threat intelligence is enhanced by expert security consulting, incident response, and managed security services enabling organizations to improve their security posture and resolve security incidents whenever and wherever they arise.

“Organizations today are faced with knitting together a patchwork of point products and services to protect their assets from advanced threats,” said David DeWalt, chairman of the board and chief executive officer of FireEye.

“Together, the size and global reach of FireEye and Mandiant will enable us to innovate faster, create a more comprehensive solution, and deliver it to organizations around the world at a pace that is unmatched by other security vendors.”

Mandiant expands FireEye’s ability to stop advanced attacks at the earliest phases of the attack life cycle with: Endpoint Threat Detection, Response, and Remediation Products.

Mandiant pioneered and continues to lead the industry for endpoint-based advanced threat detection and response. Mandiant’s endpoint products, which are already integrated with the FireEye platform, enable security teams to make faster, more accurate decisions about potential security incidents while eliminating blind spots by connecting the dots with the FireEye network-based threat detection and prevention platform.

Kevin Mandia, Mandiant’s founder and chief executive officer prior to the acquisition, has been appointed by the FireEye board of directors to the position of senior vice president and chief operating officer of FireEye.

Mandia has been profiled on the cover of Fortune magazine and recognized by Foreign Policy magazine as one of the 100 leading global thinkers of 2013.

“The combination of FireEye and Mandiant will deliver end-to-end protection and meaningful value to customers,” said Mr. Mandia.

“By joining FireEye and Mandiant, we will be able to deliver fully integrated products and services that help organizations protect themselves from attacks. The combined product portfolio will cover all the major attack points within an organization, and our expanded services capacity will allow us to quickly pivot to incident response when necessary to reduce the impact of security breaches.”

Mandiant will be integrated with FireEye to provide global services and cloud solutions, including security consulting, incident response, and managed services. Mandiant’s endpoint threat detection and response products will be incorporated as a core element of the FireEye Oculus platform.

The acquisition was approved by the shareholders of Mandiant and the boards of directors of both companies. Under the terms of the merger agreement, FireEye will issue an aggregate of 21.5 million shares and options to purchase shares of FireEye stock and pay approximately $106.5 million of net cash in the transaction to the former Mandiant security holders. In addition, FireEye granted certain performance-based retention equity incentives.

 


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E-Business

NDPC Raises Alarm on Chrome Vulnerabilities, Urges Nigerians to Secure Devices

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Nigeria Data Protection Commission (NDPC) has issued an urgent security advisory, warning Nigerians of critical vulnerabilities in Google Chrome that could expose users to severe cyber threats.

NDPC Raises Alarm on Chrome Vulnerabilities, Urges Nigerians to Secure Devices

The alert, posted on the Commission’s official X handle, underscores the risks of these flaws and calls for immediate action to safeguard personal devices and data.

According to the NDPC, the vulnerabilities could allow attackers to execute arbitrary code on a user’s system, potentially granting unauthorised access to computers.

This could enable cybercriminals to install malicious programs, view, alter, or delete sensitive data, and even create new user accounts with full administrative rights.

Such breaches could disrupt device functionality, compromise personal information, and lead to significant loss of control over affected systems.

“Multiple vulnerabilities have been discovered in Google Chrome. The most severe of these could allow an attacker to take over a user’s system,” the NDPC stated, emphasising the urgency of addressing the issue.

To mitigate these risks, the Commission has advised Chrome users to apply the latest browser updates immediately.

It also recommends operating devices with standard user rights instead of administrative privileges to limit potential damage. Additionally, the NDPC urged Nigerians to exercise caution by avoiding suspicious links, unsolicited attachments, and untrusted websites.

The advisory comes as part of Nigeria’s broader efforts to strengthen data protection.

 


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Microsoft Seizes 340 Websites Linked to Nigerian-based Phishing Subscription Service

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Microsoft said on Tuesday that it seized nearly 340 websites tied to a rapidly growing Nigerian-based service that allowed users to carry out phishing operations that stole at least 5,000 Microsoft user credentials.

Microsoft obtained an order from the U.S. District Court in Manhattan earlier this month to seize domains associated with Raccoon0365, the subscription service that allowed users to carry out massive phishing campaigns, which sometimes involved thousands of emails at a time, according to Steven Masada, assistant general counsel for Microsoft’s Digital Crimes Unit.

Raccoon0365’s service, which operates through a private Telegram channel with more than 850 subscribers, enables users to impersonate trusted brands and get targets to enter Microsoft login credentials on phony Microsoft login pages, Masada said in a blog posted on Microsoft’s website.

The service has generated for its small group of operators at least $100,000 in cryptocurrency payments since launching in July 2024, Masada said in the blog. Microsoft said the seizure of the websites occurred over a period of days earlier this month.

Microsoft identified Nigeria-based Joshua Ogundipe as the leader and main operator of Raccoon0365.

Ogundipe did not immediately respond to an email request for comment sent to the email address identified by Microsoft in its court filing.

“Cybercriminals don’t need to be sophisticated to cause widespread harm,” Masada said. “Simple tools like Raccoon0365 make cybercrime accessible to virtually anyone, putting millions of users at risk.”

Raccoon0365 subscribers have targeted a wide swath of industries, Masada said, and separate court filings allege that “a significant portion” of Raccoon0365 activity targets organizations based in New York City.

Masada said Microsoft identified what it said was a Raccoon0365-related effort using tax-themed phishing emails to target more than 2,300 organizations, mostly in the U.S., between February 12 and February 28 this year, according to a company blog posted in April.

Errol Weiss, chief security officer of the Health Information Sharing & Analysis Center (Health-ISAC), which provides cybersecurity services to member health organizations and is a co-plaintiff alongside Microsoft, said Raccoon0365 has been linked to successful credential harvesting through phishing campaigns at at least five unnamed healthcare organizations, while targeting 25 health sector organizations overall. Once hackers gain that access, any number of things can happen, Weiss said.

“So many of the attacks start because somebody gave up their user name and password to a bad guy,” Weiss said in an interview. “Once that cybercriminal has access to the network, then it’s just up to the imagination in terms of what comes next and how they monetize it.”

The Raccoon0365 operators used services provided by Cloudflare to help hide the service’s backend infrastructure, the internet services firm said in its own blog post. Cloudflare worked with Microsoft and the U.S. Secret Service to disrupt Raccoon0365 operations on its platform and prevent the operators from establishing new accounts, the company said.

Blake Darché, the head of threat intelligence at Cloudflare, said in an interview that the Raccoon0365 operators made some key operational security mistakes but were highly effective.

“They’re in people’s accounts, they compromise lots of people, and it needs to obviously be stopped,” he said.

 


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How to Access Business Information Securely

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A recent Kaspersky survey entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that professionals surveyed in the Middle East, Turkiye and Africa (META) region, use multiple devices for work: along with a computer, 54,8% of respondents also use a mobile phone, and 34,7% use a tablet as well.

At the same time only 71% of respondents acknowledged having cybersecurity protection solutions installed on all devices that they use to access business information, and 6,6% of those surveyed don’t know if their devices are protected or not.

In today’s interconnected digital landscape, securing all devices used to access business data is essential to protect sensitive information and maintain operational integrity.

Devices that lack essential protection can be exploited by cyber attackers to gain unauthorised access, steal data, deploy ransomware, or disrupt business operations.

Within the past 12 months, 39,5% of respondents in the META region admitted to using their work devices for personal purposes (watching movies/ YouTube, playing games, shopping, holiday bookings, etc.), 32,2% connected work devices to public Wi-Fi networks, 9,8% lost their devices and 9,7% had their devices stolen.

These figures underline the need for a cyber hygiene mindset and security solutions for all endpoints, as each of them present cybersecurity risks to a business.

Personal use of work devices can lead to the installation of unauthorised apps or exposure to malicious websites, increasing the chance of malware infections or data leaks. Connecting to public Wi-Fi networks, which are often unencrypted and poorly secured, can allow cybercriminals to intercept sensitive business data or inject harmful software, so it should be secured with a VPN.

Additionally, if a device is lost or stolen and lacks proper security controls – like strong passwords, encryption, or remote wipe capabilities – critical business information could fall into the wrong hands.

“With the increasing reliance on cloud services, remote work, and mobile access, businesses need to implement comprehensive security measures. Cyber hygiene – or simply said good IT habits, security policies and the use of robust security solutions are essential practices for protecting business systems.

Security solutions should include endpoint protection for every device that accesses business information. Multi-factor authentication, regular software updates and backups are must haves now,” says Brandon Muller, Technical Expert for the MEA region at Kaspersky.


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