ENTERPRISE IDENTITY, SOFTWARE SECURITY, CLOUD SECURITY
Businesswire | June 05, 2023
Lookout, Inc., the endpoint-to-cloud security company, today announced it has closed the previously announced sale of its consumer mobile security business to F-Secure, a global provider of consumer security products and services. With this strategic divestiture Lookout will focus on expanding its core enterprise business, built around the Lookout Cloud Security Platform.
The sale of Lookout’s consumer mobile security business represents a deliberate and strategic decision to optimize its enterprise product portfolio and concentrate its product innovation and go-to-market on the expansion of these core competencies. The divestiture sets Lookout up for long-term growth and further positions the Company to address the security transformation impacting organizations today, including the increase in remote work, the shift to cloud-based delivery models and the transition to zero trust architectures.
“We are pleased to announce the successful divestiture of our mobile consumer security business, which represents a significant milestone in our strategic transformation to become a pure-play enterprise cybersecurity company,” Jim Dolce, CEO at Lookout. “With this refined focus, we will continue to drive innovation, invest in the development of cutting-edge solutions and drive greater value for our customers.”
Lookout’s core enterprise business includes Lookout Mobile Endpoint Security and its security services edge (SSE) cloud-native solution, the Lookout Cloud Security Platform. The Company entered the cloud security market through its acquisition of CipherCloud in March 2021. Its Cloud Security Platform was recently scored among the highest three vendors in the 2023 Gartner Critical Capabilities for Security Service Edge (SSE)1 report in each of the four use cases. The Gartner Critical Capabilities for SSE – an essential companion to the Gartner Magic Quadrant™ for SSE2 in which Lookout was named a Visionary for the second year in a row – is a comparative analysis that scores products or services against a set of critical differentiators that every business needs, as identified by Gartner. These four use cases include Secure Web and Cloud Usage, Detect and Mitigate Threats, Connect and Secure Remote Workers and Identify and Protect Sensitive Information.
As part of the sale agreement, F-Secure acquires all of the Lookout consumer mobile security products and technology and assumes all responsibility for ongoing operations and customer relationships. Additionally, the Company’s consumer employees will become part of F-Secure.
About Lookout
Lookout, Inc. is the endpoint-to-cloud cybersecurity company that delivers zero trust security by reducing risk and protecting data wherever it goes, without boundaries or limits. Our unified, cloud-native platform safeguards digital information across devices, apps, networks and clouds and is as fluid and flexible as the modern digital world. Lookout is trusted by enterprises and government agencies of all sizes to protect the sensitive data they care about most, enabling them to work and connect freely and safely. To learn more about the Lookout Cloud Security Platform, visit www.lookout.com and follow Lookout on our blog, LinkedIn and Twitter.
© 2023 Lookout, Inc. LOOKOUT®, the Lookout Shield Design®, LOOKOUT with Shield Design®, and SIGNAL FLARE® are registered trademarks of Lookout, Inc. in the United States and other countries. DAY OF SHECURITY®, LOOKOUT MOBILE SECURITY®, and POWERED BY LOOKOUT® are registered trademarks of Lookout, Inc. in the United States. Lookout, Inc. maintains common law trademark rights in EVERYTHING IS OK, PROTECTED BY LOOKOUT, CIPHERCLOUD, SCREAM, the 4 Bar Shield Design, and the Lookout multi-color/multi-shaded Wingspan design.
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ENTERPRISE SECURITY, SOFTWARE SECURITY, CLOUD SECURITY
Prnewswire | June 02, 2023
Safe Security (SAFE), the leader in AI-based cyber risk management SaaS platform, announced today the industry's first Cyber Risk Cloud of Clouds for predicting and preventing cyber breaches. In contrast to the rest of the industry that takes a reactive approach, SAFE's Cyber Risk Cloud of Clouds enables organizations to make informed and predictive dynamic security decisions to reduce risk.
Real-Time, Data-Driven, Aggregated Risk in a Single Place
SAFE's Cyber Risk Cloud of Clouds provides organizations with a granular and aggregated view of enterprise security risk by bringing together multiple disparate cyber signals, including Crowdstrike, Wiz, AWS, Azure, Google Cloud Provider, Qualys, Tanium, Rapid7, ServiceNow, and more in a single view. This provides organizations with visibility across their entire attack surface ecosystem, including technology, people, and third parties.
AI Breach Predictions and Prioritized Actions to Prevent Breaches
Using SAFE's predictive AI data models, co-developed with MIT, SAFE generates breach likelihood for different risk scenarios like ransomware. For example, accurately answer questions like:
How likely are you to be hit by a ransomware attack in the next 12 months?
What is your likelihood of being hit by the latest malware like "Snake" malware?
What is your dollar impact for that attack?
What prioritized actions can you proactively take to reduce the ransomware breach likelihood and reduce dollar risk?
"The CISO is facing an unprecedented level of pressure and the role has evolved into a major business decision maker. With SAFE, CISOs can gain a new level of visibility with higher confidence, through real-time access into their cybersecurity posture, to make the most impactful strategy to decrease cyber risk," said Saket Modi, CEO and Co-Founder of SAFE. "The new release of SafeGPT, a generative AI interface, powered by LLM models is a game-changer. It helps CISOs get the right answers a hundred times faster."
SafeGPT Drives Easy Access and Risk Reducing Decisions
SAFE's generative AI chat interface powered by LLM models, SafeGPT, offers an intuitive platform for managing cyber risk with ease, providing stakeholders with a clear and comprehensible overview of the organization's cybersecurity posture. With its user-friendly dashboard and natural language processing capabilities, SafeGPT enables users to ask targeted questions of their cyber risk data, determine the most effective strategies for mitigating risk, and respond confidently to inquiries from regulators and other key stakeholders.
"The market transitions going on now are going to affect every industry and vertical worldwide," said John Chambers, former Executive Chairman and CEO of Cisco and current founder and CEO of JC2 Ventures." AI is going to have a tremendous impact on cybersecurity, which is why I am excited about the launch of SafeGPT. It simplifies complex problem-solving for board members and C-level executives."
About Safe Security
Safe Security is the leader in cyber risk management SaaS platforms. It has redefined cyber risk measurement and management with its real time, data driven approach that empowers enterprises, boards, regulators and cyber insurance carriers to understand cyber risk in an aggregated and granular manner.
Using SAFE's predictive AI driven data models, co-developed with MIT, customers are now empowered to translate the bits and bytes of cyber risk into dollars and cents so that they can prioritize their cyber investments to most effectively mitigate their risk and understand the return on security investments. Having raised over $100m, SAFE is growing over 200% year-over-year and serves some of the largest global enterprises.
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ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | June 02, 2023
Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced two new offerings to unify the way industrial organizations prevent, detect, and respond to threats across the OT and IT landscapes.
Taegis XDR for OT – Secureworks award-winning XDR platform that combines intelligence from OT with security telemetry across the IT landscape into a single unified threat prevention, detection and response platform. The platform is for Managed Security Service Providers (MSSPs) who want to deliver Managed Detection and Response (MDR) solutions, and for organizations that manage their own SOCs.
Taegis ManagedXDR for OT – Secureworks MDR offering that empowers industrial organizations, such as manufacturers, to secure both OT and IT environments with a team of security experts detecting, investigating, and responding to threats 24x7.
The convergence of OT and IT in the industrial sector brings technological and economic benefits, but also increases risk. The more OT systems are digitally connected, the larger the overall attack surface becomes, making OT an increasingly attractive target for threat actors. This, combined with a global cybersecurity talent shortage numbering in the millions, has led to unprecedented levels of cyberattacks impacting the industrial sector. According to Gartner®1, manufacturing companies are now among the most targeted for cyberattacks, comprising 23% of all attacks. Secureworks Counter Threat Unit™ data shows that approximately 22% of Secureworks' emergency incident response engagements between April 2022 and April 2023 were in the manufacturing industry alone. Manufacturing made up 20% of all ransomware-based incident response engagements that Secureworks remediated in the same period. Gartner also predicts that by 2025, 70% of asset-intensive organizations will have converged their security functions across both enterprise and operational environments.2 Yet, in industrial environments overall, OT is often managed differently from IT with no centralized visibility across both.
"As OT and IT systems infrastructure becomes more interdependent and connected, the risks from threats traversing these environments are rapidly escalating," said Dave Gruber, Principal Analyst with Enterprise Security Group. "Security operations teams need visibility into the combined OT/IT environment to detect, investigate, and respond to these complex threats. Secureworks' move to offer a specialized OT security solution by leveraging its own, proven Taegis XDR platform highlights the importance of this increasing threat."
"Industrial organizations will continue to be challenged by an expanding attack surface and evolving threat landscape. Their risks include unplanned shutdowns, financial losses, and harm to human populations that rely on critical services," said Kyle Falkenhagen, Chief Product Officer, Secureworks. "And the potential costs are staggering. For example, manufacturers lose an average of $148 per second3 of unplanned downtime – almost $9,000 per minute. As a managed solution that unifies threat prevention, detection and response of OT and IT into a single platform, Secureworks helps organizations with OT environments reduce cyber risks and enhance their security postures as they complete their digital transformations," Falkenhagen concluded.
Taegis ManagedXDR for OT
Industrial organizations can reduce risk by bringing Taegis XDR's threat monitoring, detection, investigation and response capabilities across both OT and IT environments, eliminating the visibility challenges often associated with OT and IT systems. Taegis XDR is already used by five of the top 20 manufacturers in the world. Now, with the first integrated MDR solution for OT and IT, organizations can unify their security monitoring and visibility strategies under a single platform, while gaining the benefits of a fully managed security solution using Taegis ManagedXDR.
The solution includes:
24x7 threat monitoring with unlimited access to security experts in 90 seconds or less, collaborative design of OT and IT response processes, customizable rules and playbooks, quarterly expert security reviews, monthly threat hunting, onboarding support, and access to proactive services (including incident response planning and adversarial testing).
Taegis XDR platform, a SaaS security platform that processes more than 640 billion events daily across more than 2,000 customers to enable superior detection and response. The Taegis platform integrates feeds from third-party tools that are normalized and analyzed, along with Secureworks own proprietary data and global threat intelligence curated by the Counter Threat Unit.
Secureworks Taegis endpoint agent and the Secureworks Taegis iSensor IDS/IPS device for monitoring IT and OT traffic.
Integrations with leading OT solutions.
Hundreds of out-of-the-box integrations across different technology solutions including Google, Mimecast, AWS, Microsoft, and Netskope among others.
Access to a full suite of proactive security testing services to raise cyber resiliency across OT and IT environments.
Secureworks brings the power of Taegis XDR to OT environments by delivering:
Superior threat detection and unmatched response across OT and IT environments through the Taegis XDR platform. Taegis XDR uses advanced analytics and machine learning to discover stealthy threats while automatically prioritizing the most serious threats. The platform includes more than 700,000 curated threat indicators and 20,000 curated countermeasures. Designed as an open platform, Taegis continuously interprets telemetry from proprietary and third-party sources while providing the best support for environments with endpoint solutions from different providers.
Vast insights into threats targeting industrial environments. The Secureworks Counter Threat Unit research team analyzes and uncovers new threats targeting industrial environments, from manufacturers to critical infrastructure services, using over 20 years of defending organizations all over the world. Threat insights are developed from elite threat researchers tracking over 175 active threat groups, findings from over 3,000 incident response and testing engagements each year, and a diversity of attack data from Taegis.
About Secureworks
Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that secures human progress with Secureworks® Taegis™, a cloud-native security analytics platform built on 20+ years of real-world threat intelligence and research, improving customers' ability to detect advanced threats, streamline and collaborate on investigations, and automate the right actions.
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