Archive: 2024
File hosting service Dropbox breached by cyberattack
May 8, 2024Ken Showers, Managing Editor
SAN FRANCISCO — There’s been another major disruption to hit the cybersecurity world, as online file hosting service Dropbox has reported a data breach with the U.S. Security and Exchange Commission (SEC).
In its SEC filing, the company says it became aware of the incident in April.
“When we became aware of the incident, we launched an investigation with industry-leading forensic investigators to understand what happened and mitigate risks to our users,”...
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...
‘No stone unturned’ as Resideo seeks value from acquisition
May 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.
Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.
“Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...
Women in Security Profile: ‘We are far from solving the diversity problem in this industry,’ says Shawn Ruddo
May 8, 2024Kenneth Z. Chutchian, Contributing Editor
YARMOUTH, Maine—Shawn Ruddo challenges other women in the security industry to get involved with an initiative that helps support women’s growth.
“By supporting women in security, we create a wave of empowerment and opportunity,” said Ruddo, chief solutions officer for Unlimited Technology (UT), a systems integrator that provides end-to-end technology solutions with a focus on complex IT, electronic, physical and cybersecurity. “Let’s be that change.”
As...
Per Mar Security earns Five Diamond certification from TMA
May 7, 2024SSN Staff
DAVENPORT, Iowa – Per Mar Security Services, a residential and commercial security solutions provider, has received the prestigious “Five Diamond Certification” from The Monitoring Association (TMA).
Five Diamond Certification is granted to monitoring centers that meet the five points of excellence:
Commitment to ongoing job-related education and testing by having 100% of its monitoring center operators certified using the TMA online training series on industry best...
Cyemptive Technologies hires Wessel Graatsma as VP cyber solutions Europe
May 7, 2024SSN Staff
SEATTLE—Cyemptive Technologies, a provider of preemptive cybersecurity solutions for business and government, announced that it has named former IBM and Hitachi partner executive and European entrepreneurial leader Wessel Graatsma as vice president cybersecurity solutions Europe.
In his new role, Graatsma will be responsible for business development and directing Cyemptive’s business in select European markets. His initial focus will be on developing business...
Vector Security Networks names Thomas P. Gross as SVP of national sales
May 7, 2024SSN Staff
PITTSBURGH—Vector Security Networks, a single-source provider of physical security solutions and managed network services to multi-site businesses across North America, has hired Thomas P. Gross as senior vice president of national sales.
In this role, Gross is responsible for creating and executing Vector Security Networks’ sales strategy to maintain and grow existing customer relationships and revenue, and to acquire new customers consistent with business objectives.
Gross joins...
i-PRO appoints Gerard Figols as CPO, succeeded by Riolobos
May 7, 2024SSN Staff
TOKYO – i-PRO announced that it has appointed Gerard Figols as the company's chief product officer (CPO).
With a career spanning over 17 years in the physical security industry, i-PRO said that Figols brings a wealth of global experience and strategic vision to his new role.
In his most recent position as president of i-PRO EMEA and i-PRO APAC, the company said that Figols demonstrated exceptional leadership in driving the its growth and success in those markets.
As chief...
Fortra launches unified cybersecurity platform
May 7, 2024SSN Staff
SAN FRANCISCO and MINNEAPOLIS—Fortra has unveiled its new cybersecurity platform, named Fortra, uniting cutting-edge solutions under a single umbrella for powerful defense against multi-vector attacks.
Fortra’s platform comes to market with an approach that is smart and simple. With security products feeding the platform over time, it will detect attacks from many threat sources, aggregate and correlate them using artificial intelligence (AI) to recognize patterns, and then help...