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FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buyi
by cbHXBY1D 7mo ago
FYI, Wiz investor and current Wiz board member Gili Raanan, head of Israeli VC Cyberstarts, has been (credibly) accused of paying bribes to major CISOs for buying software from their portfolio companies like Wiz.
Calcalist did a deep investigation into it: https://www.calcalistech.com/ctechnews/article/b1a1jn00hc https://www.calcalistech.com/ctechnews/article/b1a1jn00hc
- love2read 7mo ago[flagged]
- supsep2 7mo agoMostly due to genocide
- TitaRusell 7mo agoIsrael is not an ethnicity. They still have 25% Arab Israelis- a leftover from the days when the founders were still building a secular European style country. They treat them as second class ofcourse. And it is essentially a manageable minority- they are politically sidelined in the Knesset.
- bigyabai 7mo agoIsrael garnered a reputation for giving safe harbor to legally spurious businesses like NSO Group.
- citizenkeen 7mo agoIsraeli isn’t an ethnicity, it’s a nationality. Conflating the two doesn’t do anybody any favors.
- swingboy 7mo agoSam Altman is Jewish, but he isn’t Israeli.
- Apofis 7mo agoToo late now!
- cubicmeter 7mo ago:)
- deleted 7mo ago[deleted]
- FreakLegion 7mo agoThis is well known in cybersecurity circles. I mentioned here[1] a couple years back that I know CISOs who've had to clean up big messes because their predecessor was on the Cyberstarts payroll, but on the bright side I also know a couple of those predecessors who were fired for it. Cyberstarts is the most blatant offender, but to be fair, VC has turned into the next rung on the career ladder for CIOs/CISOs, whose role is otherwise generally terminal (unlike e.g. COO or CMO). So a lot of deals get done now just on giving CISOs a path into VC. It's more subtle than Gili's way, and just as effective. 1. https://news.ycombinator.com/item?id=40487846 https://news.ycombinator.com/item?id=40487846
- arethuza 7mo agoAbout 20 years ago I quite liked the idea of becoming a CISO - the CIO I worked for at the time talked me out of it - saying that the role would largely involve being ignored then, when something inevitably did go wrong, you'd get sacked.
- FreakLegion 7mo agoThe board of a Fortune 1000 financial services company just fired the CISO and Deputy CISO because they did too good a job cataloging all of the risk in their infrastructure. Now that it's documented and defensibly quantified, the company is somewhat obliged to do something about it, and the board was not thrilled. It can be a rough gig.
- myth_drannon 7mo agoNot a lawyer but this looks like a grey area and since it's public it can be assumed everyone is trying to do it. I worked for F500 and one of the VPs was pushing some IT vendor solution that didn't really fit, after so much implementation pains and half working product release the said VP left the company... To become a board member of that IT vendor.
- InkCanon 7mo agoHow is this even legal? I'd think even basic conflict of interest rules between vendor and purchases would stop this.
- tsimionescu 7mo agoIt's almost certainly not legal (it could probably be tried as fraud), and it definitely is a breach of contract for the CISO. I'm not claiming it happened, I have no idea, just commenting on the legality of the claimed acts.
- ifwinterco 7mo agoI for one am shocked that an Israeli VC might behave unethically