SolarWinds Corp. reported a fourth-quarter FY21 revenue growth of 0.6 percent year-on-year to $186.7 million, beating the consensus of $181.8 million. Maintenance revenue declined 2.8 percent Y/Y to $118.5 million. Subscription revenue climbed 18.2 percent Y/Y to $34.4 million. License revenue declined 2 percent to $33.8 million. Margins The non-GAAP gross margin contracted 160 bps to 90.7 percent,…

Australia, U.S., and UK authorities have issued guidelines encouraging individuals and organizations to reinforce their cyber defences against global ransomware threats, cyber criminals-for-hire, and attacks on critical infrastructure. The joint advisory was published on Feb. 9 from the U.S.’s Federal Bureau of Investigation, National Security Agency, and the Cybersecurity and Infrastructure Security Agency (CISA), along…

SolarWinds Corp. investors prosecuted the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company, Reuters reports. The lawsuit named a mix of current and former directors as defendants. The investors alleged that the board failed to implement procedures to monitor cybersecurity risks. They sought damages and to reform…

BOSTON—Russia accounted for most state-sponsored hacking detected by Microsoft over the past year, with a 58 percent share, mostly targeting government agencies and think tanks in the United States, followed by Ukraine, Britain, and European NATO members, the company said. The devastating effectiveness of the long-undetected SolarWinds hack—it mainly breached information technology businesses including Microsoft—also…

REDMOND, Wash.—Microsoft says it has fixed a flaw in its cloud computing platform that cybersecurity researchers warned could have enabled hackers to take over a cloud-based database product used by many big companies. The company said Friday there’s no evidence the potential opening was exploited by malicious actors or that any customer data was exposed….

Microsoft said on Friday that the hackers behind the notorious SolarWinds cyberattack have launched a fresh campaign mostly focusing on U.S. interests that, while mostly unsuccessful, managed to compromise three entities. The Russia-based hacking group, which goes by various names including Nobelium, launched the new campaign using “password spray and brute-force attacks,” the Microsoft Security…

Microsoft said the hackers behind the SolarWinds cyberattack have launched a fresh campaign targeting over 150 government agencies, think tanks, and non-governmental organizations. The Russian-based hacking group, which goes by various names including Nobelium, launched the new attack after gaining access to an email marketing service used by the United States Agency for International Development (USAID),…

Britain’s Foreign Office on Thursday summoned the Russian ambassador over Russia’s cyberattacks against the West and its military build-up near its border with Ukraine. UK Foreign Secretary Dominic Raab said: “We see what Russia is doing to undermine our democracies. The UK and U.S. are calling out Russia’s malicious behaviour, to enable our international partners…

A spokesman for Russian President Vladimir Putin warned the United States should it retaliate for the alleged SolarWinds hack. Dmitry Peskov, Putin’s spokesman told the TASS news agency on Tuesday that the “alarming information” would constitute a “pure international cybercrime” and is condemned under international law. “The Russian state has never had anything to do…

The Biden administration will take executive action to respond to Russia’s alleged involvement in the Solar Winds hack and the poisoning of opposition leader Alexei Navalny within weeks, according to White House press secretary Jen Psaki. “We have asked the intelligence community to do further work to sharpen the attribution that the previous administration made about…