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  3. Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups.

Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups.

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  • BrianKrebsB This user is from outside of this forum
    BrianKrebsB This user is from outside of this forum
    BrianKrebs
    wrote last edited by
    #1

    Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

    https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

    https://archive.ph/BkzSX

    The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

    ṫẎℭỚ◎ᾔ ṫ◎ℳT Graham Sutherland / PolynomialG MattI I Todd KnarrT 6 Replies Last reply
    1
    0
    • BrianKrebsB BrianKrebs

      Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

      https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

      https://archive.ph/BkzSX

      The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

      ṫẎℭỚ◎ᾔ ṫ◎ℳT This user is from outside of this forum
      ṫẎℭỚ◎ᾔ ṫ◎ℳT This user is from outside of this forum
      ṫẎℭỚ◎ᾔ ṫ◎ℳ
      wrote last edited by
      #2

      @briankrebs what book 📖?

      1 Reply Last reply
      0
      • BrianKrebsB BrianKrebs

        Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

        https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

        https://archive.ph/BkzSX

        The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

        Graham Sutherland / PolynomialG This user is from outside of this forum
        Graham Sutherland / PolynomialG This user is from outside of this forum
        Graham Sutherland / Polynomial
        wrote last edited by
        #3

        @briankrebs good infosec reporting from Bloomberg!? what has the world come to

        1 Reply Last reply
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        • BrianKrebsB BrianKrebs

          Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

          https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

          https://archive.ph/BkzSX

          The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

          MattI This user is from outside of this forum
          MattI This user is from outside of this forum
          Matt
          wrote last edited by
          #4

          @briankrebs quickly replacing PE-acquired infosec vendors was already a good practice: prices skyrocket at renewal & service quality decreases as PE guts the expensive talent & expertise that make the platform work. Glad to see this coverage of the phenomenon from Bloomberg.

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          0
          • BrianKrebsB BrianKrebs

            Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

            https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

            https://archive.ph/BkzSX

            The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

            I This user is from outside of this forum
            I This user is from outside of this forum
            Brandon
            wrote last edited by
            #5

            @briankrebs This is one of the many things that makes security/IT leadership so hard. Now we also have to evaluate the market landscape for product & services we already have and use (I mean, we already are but now there's a better established precedent on why).

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            0
            • BrianKrebsB BrianKrebs

              Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

              https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

              https://archive.ph/BkzSX

              The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

              Todd KnarrT This user is from outside of this forum
              Todd KnarrT This user is from outside of this forum
              Todd Knarr
              wrote last edited by
              #6

              @briankrebs I think it's a good rule in general: if private equity gets involved with any entity you do business with, start removing any dependence on that entity immediately. PE is frankly toxic, anything it touches dies.

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              0
              • BrianKrebsB BrianKrebs

                Bloomberg did some terrific and deep reporting last week on how private equity debt likely contributed to a series of major compromises at Ivanti at the hands of China-backed hacker groups. They touch on several other examples, but it seems like the list could be quite long at this point.

                https://www.bloomberg.com/news/features/2026-02-19/vpn-used-by-us-government-failed-to-stop-china-state-sponsored-hackers

                https://archive.ph/BkzSX

                The guys at the Risky Business podcast have been talking forever about major breaches and code compromises that occurred after various security companies were acquired by private equity firms and loaded with debt. They've argued (correctly, in my book) that when you see this happening with a vendor you use, it's a good signal to find a suitable alternative to whatever that platform does for you.

                f15simF This user is from outside of this forum
                f15simF This user is from outside of this forum
                f15sim
                wrote last edited by
                #7

                @briankrebs If they were using their brains, they wouldn't be priests in the first place.

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