Hub Security | July 01, 2022
HUB Cyber Security (Israel) Limited, a developer of Confidential Computing cybersecurity solutions and services, announced today an agreement to sell HUB's Confidential Compute solutions to US enterprises and telecommunications companies with one of the largest US cyber security system integrators. In the United States, the integrator focuses on supplying equipment and services for 5G networks and edge computing.
The engagement is for two years and can be extended by mutual consent between both parties.
This is HUB's first strategic partnership in the US market, and the company expects it will improve product sales in the US and have a major influence on revenues over the next 24 months.
"We are on a path to hyper growth in the sales of our Confidential Computing solutions worldwide over the next five years to establish ourselves as a leader in this space. The U.S. is a prime target and we intend to build a string of partnerships for rapid introductions and deployments of our solutions in Fortune 500 companies and government agencies."
Eyal Moshe, CEO of HUB Security
Cerby | June 28, 2022
Cerby officially launched today with the world’s first security platform for unmanageable applications and an approach that enhances security practices by empowering both employees and security teams. The Cerby Zero Trust architecture takes on the challenges of unmanageable applications in the shadow IT universe—technologies that are selected and onboarded by business units outside the purview and visibility of the IT department, or don’t support industry standards like SAML for authentication and SCIM for user provisioning. The Cerby offering is very different from other options on the market because it moves security automation capabilities into the hands of business users—in effect, it balances empowerment and autonomy with security and productivity.
The company, which has been operating in stealth mode since 2020, already has early customers—including Fox, L’Oréal, MiSalud, Dentsu, Televisa, and Wizeline—where the technology is used to address common application liabilities efficiently while facilitating collaboration. It also announced today $12 million in seed funding from Ridge Ventures, Bowery Capital, Okta Ventures, Salesforce Ventures and others, bringing total funding to $15.5 million.
“Our goal at Cerby is simple but sweeping: To increase productivity for enterprises by empowering employees to use the technologies they prefer while automating compliance and security,” said Co-Founder and CEO, Belsasar Lepe. “In this era of IT consumerization, employee choice and enterprise security are not mutually exclusive—with the right tools and strategies, they go hand-in-hand. When business professionals get real autonomy, security becomes everyone’s responsibility, rather than just one of many priorities for the IT department. The Cerby platform for unmanageable applications enables organizations to boost efficiency, comply with existing policies and reduce exposure to cyberattacks—it’s truly a win-win-win.”
Cerby’s enrollment-based platform combines proprietary technology, robotic process automation (RPA) and seamless integrations with identity providers like Okta and Azure AD. This powerful functionality enables the platform to understand commonly used SaaS applications in a business context, and automate security policies before they lead to breaches.
The scale of the problem is undeniable, in part because while employees choose the applications, they don’t pay for them. Analyst firms, such as Everest Group report that shadow IT spending represents 50% or more of the overall IT outlay in large enterprises. Meanwhile, teams preferring application autonomy are twice as likely to prioritize productivity over security.
Cerby’s own research confirms this trend. The company just commissioned its own study of this critical subject, and the preliminary findings show how much attitudes have hardened with regard to employee choices. The comprehensive study of over 500 business professionals in North America and the UK employed by companies with more than $100M in annual revenue, conducted in partnership with Osterman Research, reveals that a staggering 91% of respondents believe they should have full control over the applications they purchase. On a related note, 52% want the company or IT department to “just get out of the way,” and when employers disallow applications desired by end users, respondents say it will “negatively affect” the way work gets done.
To be clear, these perspectives are not emerging from a vacuum. More than three quarters of the companies surveyed, 78%, have policies in place regarding which applications employees can and cannot use, and just over half the respondents report knowledge or experience of particular applications being disallowed. These actions don’t necessarily go down well with employees: 68% ask for an alternative solution, preferably one that is stress-free and automated; 35% seek an alternative of their own, while stating that it negatively affects the way work is done; and 42% “demand a good reason” for the ban.
“We chose Cerby because we needed a secure and centralized place to manage access to our paid social accounts. “Because Cerby can seamlessly integrate with our organization’s single sign-on technology and also connect to the social platforms’ APIs, we are able to create organizational efficiencies by granting and removing access within one place. Additionally, the automated access removal of employees who have left the company provides a level of security we did not previously have.”
Nina Donnard, AVP, Paid Social, L’Oreal
The issue of unmanageable applications within the organization is particularly sensitive because it puts two forces—employee autonomy and corporate security—in direct conflict. The C-suite—enterprise CIOs, CMOs, CISOs—wants security to be frictionless; when security teams take a heavy-handed approach, they often end up blocking key applications and negatively affecting productivity. This encompasses three core problems, which are sometimes contradictory. They feature: Brand risk (including errors, cyberattacks, and fraud); non-compliance (corporate policy, contracts, and industry/government regulations); and inefficient processes (insufficient resources; inconsistent, error-prone access reviews; extraneous steps and wasted time).
Cerby steps into this chasm with numerous capabilities to plug security, compliance and productivity gaps. For example, end users can log in securely to any application, even those that don’t support SSO natively, store log-in data, and share this information securely with collaborators. At the same time, IT and security teams can set policy at the application, team, and company level. Throughout this process, Cerby is actively monitoring connected applications to ensure they are securely configured to meet corporate security standards for two factor authentication, password complexity and many other commonly missed security settings.
“I love that Cerby solves a problem every CIO faces: unmanageable applications,” said Yousuf Khan, Partner at Ridge Ventures and former CIO. “When non-IT employees use unauthorized applications, they might be gaining productivity, but they are also unlocking a Pandora’s box of security vulnerabilities. The pandemic only made it worse: 71% of users in the US now acquire their own applications to do their jobs. Cerby is the first solution I’ve seen that significantly reduces the risk of these unmanageable applications by applying zero trust principles and automating the entire application lifecycle. The best part of it is that it’s not a top-down, managerial edict: Employees become an active and motivated part of the solution. Business professionals get the power to choose their applications, productivity gets a boost, and the company ensures security and compliance–everyone wins. Other cybersecurity products demand enforcement; Cerby encourages enrollment. This is the best way to enhance employee trust and increase productivity.”
The technology is designed to help teams in diverse disciplines use the applications they choose while ensuring security. For example, marketing teams can now securely use any social platforms they prefer—Cerby provides a single place to add and remove access for employees and third-party agencies instead of signing into multiple social accounts and sharing passwords. In other fields, such as finance, Cerby provides an easy way for CFOs and their teams to securely manage access to bank accounts and credit lines without having to share passwords.
Cerby delivers the world’s first platform built to positively guide employees' security behaviors no matter which applications they use. We protect brands around the world, including some of the most recognizable businesses, by taking an approach that empowers both employees and security teams, using Zero Trust principles. Our proprietary technology uses robotic process automation to understand applications in a business context and automatically enforces security best practices before misconfigurations turn into breaches. Cerby is a must-have for technology executives and their teams to protect the brand, stay secure and increase productivity.
Talon Cyber Security | June 30, 2022
Talon Cyber Security, provider of the first secure enterprise browser, today announced it has been selected as a partner for Microsoft for Startups, a global program dedicated to accelerating the trajectory of high-potential startups. As a program member, Talon will receive access to Microsoft technology, mentorship and business support.
“Talon is proud to be working with an established leader like Microsoft as we continue to aggressively scale to meet the demand for our secure enterprise browser. “Our goal is to make security for the future of work simple by enabling secure access for managed and unmanaged devices, and the feedback we have received from the world’s largest brands has been amazing. As we continue to gain traction, it is incredible to have the support of a true industry giant like Microsoft.”
Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security
The traditional approach of enabling secure access to modern applications is complex, expensive and puts organizations at risk. The TalonWork browser acts as the first line of defense and control point for enterprise security, while drastically reducing complexity and cost.
Talon brings enterprise-grade security to the browser, delivering native features like authentication, data loss prevention, zero trust controls and more. Customers leverage TalonWork to gain visibility into and secure SaaS applications, web activity, managed devices and unmanaged devices. Built on Chromium, TalonWork consistently delivers the high-quality user experiences required to secure the future of work.
“Talon’s mission to help its customers simplify security programs for distributed workforces is a great fit for the program,” said Jeff Ma, Vice President, Microsoft for Startups, Microsoft. “We look forward to helping Talon deliver their innovative solution to our joint customers.”
Talon leverages Microsoft’s infrastructure to facilitate seamless, real-time collaboration among its global team that enables it to deliver exceptional service to its customers. The company’s unique approach to security has led to significant corporate momentum. Talon won the Innovation Sandbox Contest at RSA Conference 2022, a prestigious competition where 10 industry leaders battle for the title of “Most Innovative Startup” each year.
About Talon Cyber Security
Talon Cyber Security is modernizing security programs and improving user experiences for hybrid work by delivering the first secure enterprise browser. Built on Chromium, the TalonWork browser provides customers with the consistent user experiences, deep security visibility, and control over SaaS and web applications needed to simplify security for the future of work. Talon was named the Most Innovative Startup of 2022 at the prestigious RSA Conference Innovation Sandbox Contest.