VARINDIA IT MAGAZINE

Paypal is on drive to give further benefit to its 237 million customers by the recent acquisitions of Palo Alto, California-based Simility sells machine-learning-based technology to help online merchants spot fraudsters and improve risk management, a fraud prevention specialist, for $120 million in cash. PayPal had been an investor in Simility (it owns three percent of the company) along with Accel, the Valley Fund, Trinity Ventures and others. The startup had raised just under $25 million and was last valued at $52.75 million, according to figures from PitchBook, making this a decent return for its backers. The deal is expected to close in Q3. Online fraud is increasingly seen as an urgent threat by banks across the world. Fraudsters obtain login credentials with social engineering, by hacking databases or by simply buying them on the Dark Web. With the growth of E-Commerce, organization can spread their business to national and international markets with minimum inves...

Hewlett Packard Enterprise (HPE) has transformed into a smaller, nimbler company, and announced that the company will move its corporate headquarters to Santa Clara, California from its current Palo Alto location by the end of 2018. There are plans to sell its Palo Alto building and relocate employees to newer, nearby sites including San Jose, Milpitas and the company’s state-of-the-art HPE Aruba offices in Santa Clara, which will become the new global headquarters. The HPE Aruba Office was recently built as a showcase for Aruba’s intelligent workplace technologies. The building is a next-generation digital workplace that provides innovative tools to enable employees to quickly and efficiently locate each other find appropriate meeting spaces and use technology to collaborate seamlessly. Aruba designed a new 230,000 sq. ft. campus with an open floor plan. Housed in a new LEED Silver building, it includes multiple types of community spaces, quiet zones, collaboration areas, ...

Palo Alto Networks has announced enhancements to its Traps advanced endpoint protection offering that strengthen current ransomware prevention by monitoring for new techniques and ransomware behaviour and, upon detection, prevent the attack and resulting encryption of data. Commenting on this, Bryan Norman, Chief Executive Officer, Norlem Technology Consulting, said, “Traps 4.1 takes endpoint security to the next level, and continues to bring more innovative and impressive capabilities to address the modern threat landscape. The added ransomware capabilities and ease of deployment across Windows and MacOS clients further cement Traps as a necessary standard for any organization serious about their endpoint security strategy.” Read More

Inflow Technologies has signed a distribution agreement covering India and the SAARC region with Palo Alto Networks to deliver its Next-Generation Security Platform.  The Palo Alto Networks Next-Generation Security Platform was built from the ground up for breach prevention with threat information shared across security functions system-wide, and is designed to operate in increasingly mobile, modern networks. By combining network, cloud and endpoint security with advanced threat intelligence in a natively integrated security platform, Palo Alto Networks safely enables all applications and delivers highly automated, preventive protection against cyber threats at all stages in the attack lifecycle. Customers benefit from superior security, compared to that provided by legacy or point products, and realize a better total cost of ownership.... Read More