In the News

Supervalu Discloses a Data Breach

New York Times | Aug 15, 2014

“This looks much the same as the attack that impacted Target last year,” said Steve Hultquist, an executive at RedSeal Networks, a security firm. “These breaches continue to demonstrate the sophistication of the attackers and the reward they receive being worth the investment they make in their attacks.”

Tennessee Electric Sues Bank Over Cyber-Heist

InfoSecurity Magazine | Aug 14, 2014

Tennessee Electric Company (TEC Industrial) is suing its bank, TriSummit, after falling victim to a $327,000 cyber-heist. The attackers likely used password-stealing malware, and then logged in to the bank using TEC credentials to siphon the funds.

“This action underscores the increasing focus on responsibility for maintaining end-to-end security for customers,” said Steve Hultquist, chief evangelist at RedSeal Networks, in a comment to Infosecurity.

New security bug dubbed Backoff exposed

The Green Sheet | Aug 1, 2014

The latest big breach apparently occurred at the nonprofit retail thrift store operator Goodwill Industries International Inc. The culprit: a new strain of malware called Backoff.

Ray Rothrock, Chief Executive Officer at enterprise cyber security company RedSeal Networks, said the security and retail industries are keen on fighting fraud, even if a modicum of complacency has set in with consumers and the mass media.

“I guarantee if you’re a CEO, you are worried about breaches,” Rothrock said. “In fact, a lot of people these days are being asked by their boards and senior management, assume we will be breached because we will be. What’s your plan of response and remediation for it?”

Goodwill working with secret service to investigate data breach

Cyber Security Business | Jul 31, 2014

Mike Lloyd, CTO of RedSeal Networks, stated to TechNewsWorld: “Many organizations have been in denial for too long … Many industries are loved by the public and can lapse into thinking they don’t have enemies, and so don’t really need to worry about security.”

StubHub Hit in Cyber-Attack That May Have Stolen $10M in Tickets

Security Week | Jul 23, 2014

“The global law enforcement community has sent a strong message to the individuals that commit these crimes,” said Robert Capps, senior director of customer success at RedSeal Networks and former head of global trust and safety for StubHub.

Hackers Leverage Russian Government Malware

eSecurity Planet | Jul 22, 2014

“Sophisticated code like Gyges was created for a specific purpose by what appears to be a government agency, and it should have remained within the control of that agency,” RedSeal Networks Federal CTO Brandon Hoffman said by email.

Ideas for defending against cyberespionage

CSO Magazine | Jul 1, 2014

“With so much business being conducted with suppliers online, Mike Lloyd, chief technology officer for RedSeal Networks, recommended companies map out and monitor all network connections.”

New RedSeal CEO Breathes New Life into the Company

SecurityCurrent | Apr 24, 2014

SecurityCurrent interviewed Ray Rothrock and discussed his role as the new CEO of RedSeal and the future of the company. He also discusses RedSeal’s network discovery capability and the IT security industry.