Network Break 383: Cyber Insurers Realize Customers Have Terrible Security; F5’s Big Vulnerability

This week’s Network Break discusses a new threat containment feature from Rubrik to prevent companies from re-infecting themselves via compromised backups. F5 has released patches for a serious vulnerability in its Big-IP load balancer, and the Network-as-a-Service startup Subspace suspends business operations. The Canadian government has ordered telcos and service providers to remove 5G and 4G gear from Huawei and ZTE, cyber insurance premiums rose as much as 92% in 2021 as insurers grappled with a spate of successful attacks, and the US Defense Department is awarding nearly $2 billion in contracts for a military satellite network. Cisco Systems and Palo Alto Networks announce financial results, and researchers at the University of Cambridge have discovered a mechanism to use algae to generate enough electricity to run computer chips. Get links to all these stories below. Sponsor: Linode We’re sponsored today by Linode. Cut your cloud bills in half with Linode’s Linux virtual machines. Develop, deploy, and scale your applications faster and easier. Network Break listeners can get started on Linode today with a $100 in free credit. You can find all the details at linode.com/networkbreak. If it runs on Linux, it runs on Linode. Tech Bytes: VMware Today on the Tech Bytes podcast we talk with Managed Service Provider (MSP) and VMware partner of the year Softchoice on how Softchoice helps customers navigate multi-cloud and hybrid cloud deployments using VMware. We cover details about two real-world Softchoice/VMware customer use cases: a Major League Baseball team and a financial services firm. Our guest is Chris Woodin, VP, Cloud Business Unit at Softchoice. Show Links: Threat Containment: Contain the Threats, Recover the Data – Rubrik Rubrik Threat Containment – Rubrik K23605346: BIG-IP iControl REST vulnerability CVE-2022-1388 – F5 Hackers exploiting critical F5 BIG-IP bug, public exploits released – Bleeping Computer Subspace in 180 Seconds – YouTube Subspace Update – LinkedIn Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies – Reuters Canada bans China’s Huawei Technologies from 5G networks – NPR Water companies are increasingly uninsurable due to ransomware, industry execs say – Cyberscoop Cyber Insurers Raise Rates Amid a Surge in Costly Hacks – WSJ Military experiment demonstrates intersatellite laser c...

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Network Break keeps you informed with fast, focused analysis of IT news, products, tech trends, and business outcomes. Blending sharp commentary with a touch of humor, hosts Greg Ferro and Drew Conry-Murray sift through the weekly landslide of press announcements, product launches, financial reports, and marketing decks to find the stories worth talking about. You come away with the information and context to make smart decisions in your organization and career … all in the span of a (longish) coffee break.