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Trustwave Holdings is a standalone business unit and cybersecurity brand of Singaporean telecommunications company Singtel Group Enterprise and focuses in enterprise network security and internet security.
|Industry||Managed Security Services, Information Security, Cloud computing|
|Worldwide (Customers in 96 countries)|
|Eric Harmon, CEO|
|Revenue||US $216 million  (2014)|
Number of employees
The company's international headquarters is located in downtown Chicago, and regional offices are located in London, São Paulo, and Sydney. The company also operates Security Operations Centers in Chicago, Denver, Manila, Minneapolis, Singapore, Sydney, Tokyo, Warsaw, and Waterloo, Ontario.
In February 2014, Trustwave SVP Phillip. J. Smith offered expert testimony related to data breaches and malware as part of a Congressional hearing for The House Committee on Energy and Commerce. In his prepared testimony, he presented observations based on the company's experience investigating thousands of data breaches, ongoing malware and security research and other forms of threat intelligence.
On April 8, 2015 (SGT), Singapore Telecommunications Ltd (Singtel) announced it had entered into a definitive agreement to acquire Trustwave Holdings, Inc. for a fee of $810 million—Singtel with a 98% stake in the company leaving 2% with Trustwave's CEO and President. According to media reports and Singtel filings on the Singapore Exchange, the enterprise value of Trustwave at the time of the deal was $850 million.
In 2013 and again in 2014 Trustwave SpiderLabs did an analysis of primary Pony botnet controllers. The results of the analysis found that the botnets had gathered more than two million passwords and credentials for accounts on ADP payroll, Facebook, Twitter, Yahoo and more, and over US$220,000 in crypto-currency like Bitcoin.
Trustwave operates an X.509 certificate authority ("CA") which is used as the top level of trust by many web browsers, operating systems, and other applications (a "trusted root CA"). In 2011, Trustwave sold a certificate for a subordinate CA which allowed a customer to present SSL certificates identifying as arbitrary entities, in a similar mechanism to a "Man in the Middle Attack". This type of action is similar to the practice of running an SSL proxy on a corporate network, though in this case a public subordinate CA (valid anywhere) was used instead of an internal corporate-generated domain CA (valid only for machines that accept it as part of organizational policy), making the risk of abuse much higher.
In March 2014, Trustwave was named in a lawsuit filed by Trustmark National Bank and Green Bank N.A. The lawsuit alleges that Trustwave failed to provide the promised level of security to Target, and for failing to meet industry security standards. In April 2014, a notice of dismissal was filed by both plaintiffs, effectively withdrawing their earlier allegations.
In 2018, Gartner named Trustwave a Leader in its Gartner MQ for Managed Security Service Providers, Worldwide. It was the first vendor to move into the leader's quadrant since inception of the global report. In 2016, IDC named Trustwave a Leader in the IDC MarketScape for Emerging Managed Security Services Providers based on industry analysis and buyer perception.[third-party source needed]
In the 2015 "Gartner Magic Quadrant for Managed Security Services, Worldwide," a report that evaluated 14 different global managed security service providers, Trustwave was named an industry challenger “due to the access it gained to greater resources and new markets resulting from the acquisition by Singtel, and its increasing investments in competing for enterprise customers.” [third-party source needed]
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- "Two million stolen Facebook, Twitter, Yahoo, ADP passwords found on Pony Botnet server". ZDNet. 4 December 2013. Retrieved 21 April 2015.
- "'Pony' botnet steals bitcoins, digital currencies: Trustwave". Reuters. 24 February 2014. Retrieved 21 April 2015.
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- "Security firm Trustwave says Target data breach claims baseless". Reuters. 29 March 2014. Retrieved 9 April 2015. CS1 maint: discouraged parameter (link)
- "Gartner Magic Quadrant Analysis". MSSP Alert. 1 March 2018. Retrieved 4 July 2018. CS1 maint: discouraged parameter (link)
- "Trustwave Named a Leader in IDC MarketScape for Emerging Managed Security Services Providers". Marketwired. 2 September 2016. Retrieved 12 September 2016. CS1 maint: discouraged parameter (link)
- "Trustwave Named a Challenger in 2015 Gartner Magic Quadrant for Global Managed Security Service Providers". Marketwired. 4 January 2016. Retrieved 17 January 2016. CS1 maint: discouraged parameter (link)