A criminal splinter faction from a pirate symbology-obsessed Nigerian 'confraternity' has been running business email compromise scams for hundreds of thousands of dollars targeting the global maritime industry, according to security researchers who have been tracing the 'GOLD GALLEON' group and trying to derail its scams in real time.
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A report by Dell SecureWorks on Wednesday debunked the idea that the newly discovered Duqu Trojan is related to last year's Stuxnet worm or was created by the same authors.
Dell's acquisition of managed security services provider SecureWorks puts the company on track to become a one-stop shop to small and medium-size businesses for hardware and services.
Announced earlier this week, the acquisition could be seen as playing catch-up with rival Hewlett-Packard, which has undergone its own midlife transformation, picking up security companies ArcSight in October, Fortify Software in September, and TippingPoint — as part of its 3Com acquisition. However, whereas HP aims squarely at enterprise customers, Dell's move will help turn it into a more complete provider to small and medium businesses, according to Josh Corman, research director at the 451 Group, an analyst firm.
"They are basically saying, 'You are already buying your servers and the laptops from us, so we will help you with compliance as well,'" Corman said.
Dell put the focus squarely on the small-to-medium-size business market in July, when the company announced a partnership with SecureWorks to "provide a portfolio of powerful security services to help midsize businesses improve their security posture, achieve their regulatory compliance, and lower IT costs by offloading day-to-day security monitoring, management and remediation to a trusted security services provider, working as an extension of a customers' IT staff," according to a statement issued by the companies.
SecureWorks also boosts Dell's presence in cloud services. In September, HP outbid Dell for data-storage cloud provider 3Par, paying about US$2.4 billion or more than 80 percent higher than Dell's initial bid, according to reports.
Although terms of the latest deal were not announced, the 451 Group estimates that the acquisition is likely valued between $500 million to $550 million, or about four times SecureWorks' $120 million revenue in 2010. For a managed security service company, which relies heavily on staff expertise rather than deep intellectual property, such a multiple is quite good, Corman said. SecureWorks' initial contribution to Dell's $8 billion in service revenue will be small.
An informal, low-lying group of sharp minds might be the world's best defence against Distributed Denial of Service (DDoS) attacks, but legal uncertainty is hindering their capabilities.