How Private Equity Debt Left a Leading VPN Open to Chinese Hackers.

The article focuses on a cybersecurity crisis involving Ivanti Inc.'s Connect Secure virtual private network (VPN) software, which was compromised by Chinese hackers, leading to an emergency directive from the Cybersecurity and Infrastructure Security Agency (CISA) for federal agencies to disconnect the software. The breach affected numerous organizations, including military and government entities, raising concerns about the impact of private equity ownership on cybersecurity product quality. Following the acquisition of Pulse Secure, Ivanti faced significant layoffs and budget cuts, which former employees claim compromised the software's security. As a result, many clients, including major U.S. government agencies and banks, have since removed Ivanti products from their networks due to repeated vulnerabilities and breaches. [Extracted from the article]