Bugcrowd | June 27, 2022
Bugcrowd, the market leader in crowdsourced cybersecurity, announced today a strategic reseller collaboration with SocialProof Security, advancing the organization's objective to keep clients ahead of growing cyber threats. As part of the cooperation, Bugcrowd will resell SocialProof Security's services, including social engineering prevention training, protocol and practitioner seminars, and penetration testing.
In addition to reselling social engineering services, Bugcrowd continues to innovate and invest in its award-winning Security Knowledge Platform, which provides the most comprehensive suite of security solutions such as bug bounty, vulnerability disclosure programs, attack surface management, and pen testing as a service. Bugcrowd, for example, allows consumers to buy pen tests from a single supplier for any sort of use case, from basic assurance of simple web apps and networks to continuous testing of cloud services and APIs, and now, social engineering.
Due to their friendly hacker approach to boosting customer defenses against human-based assaults, SocialProof Security and CEO Rachel Tobac, the market leader in social engineering prevention services, have gained prominence. Twitter, PayPal, Uber, Prudential Insurance, Cisco Systems, WhatsApp, NATO, and the US Air Force are among the noteworthy clients of SocialProof Security.
"We are excited to work with Bugcrowd on this reseller partnership as we move forward with our aligned mission to arm organizations with a proactive means to reduce social engineering risk through education, identity verification protocol improvements, technical tools, and measuring those updates with social engineering penetration testing. The majority of cyber attacks now start with some element of social engineering—manipulating people to take actions that could harm organizations. This partnership illustrates the priority Bugcrowd places on actionable and measurable social engineering risk mitigation in a well-rounded security program," said Tobac.
"Even with current elevated threat levels, many organizations are surprisingly unprepared for the threats from social engineering attacks, as we repeatedly find low awareness across organizations, outdated or inconsistent identity verification, and limited practitioner skill sets. Fortunately, taking a multidimensional approach that combines prevention training and tools, human-based protocol updates, and pen testing can dramatically reduce the risk of social engineering attacks. We look forward to bringing this innovative solution to market as a part of our services."
Ashish Gupta, CEO of Bugcrowd
SocialProof specializes in defending against social engineering attacks, in which attackers deceive workers in order to get personally identifiable information (PII), passwords, and unauthorized access to accounts, money, or other sensitive information. Common attack vectors like phishing, impersonation, and pretexting can be used to carry out such manipulation. In fact, respondents to ISACA's 2021 State of Cybersecurity Survey rated social engineering as the #1 cyber threat.
Veza | June 27, 2022
Veza, the data security platform built on the power of authorization, announced an investment in their Series C funding round from Blackstone Innovations Investments, along with participation from previous investors. To date, Veza has raised a total of $110 million from top-tier investors including Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, True Ventures, and others. Blackstone has also selected Veza to help modernize its data security and access governance.
Veza empowers organizations to address today’s greatest cybersecurity challenge: who can and should take what action on what data. As the world increasingly moves online, our changing behaviors are driving a transformational shift toward multi-cloud data systems, apps, computing, and infrastructure. This shift creates a complex, distributed web of human identities, accounts, apps, services, and access points that are constantly changing and susceptible to vulnerabilities. To address this, Veza takes a comprehensive approach that pulls together authorization data from disparate systems, giving customers a single source of truth to manage data access and controls.
“Having a world-class cybersecurity program that protects our brand, reputation, investors and intellectual property is of paramount importance to our firm, and we are continuing to incorporate innovative technology solutions,” says Adam Fletcher, Chief Security Officer at Blackstone. “Our team is always looking for ways to develop a more comprehensive view of access across all of our applications and cloud infrastructure to allow us to modernize the firm’s access controls. We are excited to partner with Veza to help us accomplish this.”
“Blackstone Innovations Investments is committed to investing in cutting-edge technology companies that we believe will have a meaningful impact on Blackstone, our portfolio companies, and the broader industry. We look forward to working with Veza and their impressive leadership team as they enter this next phase of growth,” comments Stevi Petrelli, Head of Blackstone Innovations Investments.
“Institutions across multiple industries view Blackstone as an example of exceptional technology deployment and cybersecurity expertise. “Veza has greatly benefited from Blackstone’s product feedback and market insights. We are thrilled to work with Blackstone’s Security team to further modernize data security for their hybrid and multi-cloud environment.”
Tarun Thakur, CEO and Co-Founder of Veza
Additional investment in Veza comes from notable entrepreneurs including Dheeraj Pandey, Co-founder & CEO, DevRev and former CEO, Nutanix, and Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO, SuccessFactors.
“Authorization is the source of truth when it comes to understanding who has access to what,” says Dheeraj Pandey, Co-Founder and CEO of DevRev. “Understanding authorization at scale is one of the hardest problems to address and I am excited to watch team Veza bring on a new era of identity, rooted in authorization. Veza is defining authorization as a standard for protecting data against ransomware and other forms of data breach.”
“Entrepreneurs will tell you that company building is one of the hardest, yet rewarding experiences, with real potential to make an impact,” says Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO SuccessFactors. “When evaluating any company, I look for deep technical breakthrough for a massive market opportunity, deal composition and company traction, and passion amongst founders. And, I’m very excited to be partnering with Tarun and Veza on the mission to build an iconic company that will revolutionize the data security industry for decades to come.”
Veza is the data security platform built on the power of authorization. Our platform is purpose-built for hybrid multi-cloud environments to help you use and share your data safely. Veza makes it easy to understand, manage, and control who can and should take what action on what data. We organize authorization metadata across identity providers, data systems, cloud service providers, and applications — all to address the toughest data security challenges of the modern era. Founded in 2020, the company is funded by top-tier investors including Accel, Bain Capital, Ballistic Ventures, Blackstone, GV, Norwest Venture Partners, and True Ventures. To learn more, please visit us at veza.com. Many Fortune 500, Fortune 1000 and smaller organizations use its data security platform for protection against ransomware, modernizing access governance for critical data and apps, and implementing data lake security for Snowflake and other solutions.
Palo Alto Networks | June 24, 2022
Over the last two years, organizations have expanded their use of cloud environments by more than 25%. Many are now struggling to manage the technical complexity of cloud migration, including the ability to secure their applications across the entire application development lifecycle. Palo Alto Networks (NASDAQ: PANW), a leader in The Forrester Wave™: Cloud Workload Security, Q1 2022, today announced the addition of Out-of-Band Web Application and API Security (Out-of-Band WAAS) to Prisma® Cloud to help organizations secure web applications with maximum flexibility.
Until now, a primary industry approach to securing web applications has been to deploy inline web application firewalls (WAFs). Some organizations are reluctant to introduce WAFs or API security solutions inline, however, due to performance and scalability concerns. With today's announcement, Prisma Cloud can provide organizations with deep web and API security both inline and out of band, allowing them to choose how to protect their applications in the cloud.
"Companies no longer have to decide between application security and performance. By adding Out-of-Band WAAS to Prisma Cloud, we are empowering customers with flexible security options that fit their evolving application needs," said Ankur Shah, senior vice president, Prisma Cloud, Palo Alto Networks. "As more organizations move workloads to the cloud, the capabilities that make up Prisma Cloud help provide the most complete protection, reducing complexity and increasing visibility across infrastructure, workloads, identities and applications."
"As organizations increasingly build and deploy their applications in the cloud, protecting their business-critical applications without impacting performance has been a challenge. "Adding the option of Out-of-Band WAAS helps both developer and security teams secure their applications with the same level of security as traditional in-line WAFs and API security without impacting performance."
Melinda Marks, senior analyst, ESG
In addition to Out-of-Band WAAS, Prisma Cloud is getting new threat detection, alert prioritization and permissions management capabilities to help provide organizations with deeper, unified visibility across their entire cloud application portfolio:
Multicloud Graph View for Cloud Infrastructure Entitlement Management (CIEM): Discover over-privileged accounts and understand access risk across multicloud environments. Prisma Cloud now provides a graph view of the net effective permissions across AWS, Microsoft Azure and Google Cloud.
Multicloud Agentless Cloud Workload Protection: Extend visibility into cloud workloads and application risks across Azure and Google Cloud, in addition to AWS, to complement existing agent-based protection.
DNS-Based Threat Detection: Surface malicious activity and anomalous behavior in cloud environments. Prisma Cloud Threat Detection now leverages machine learning (ML) and advanced threat intelligence to identify bad actors hiding in DNS traffic.
MITRE ATT&CK® Alert Prioritization: Enable security teams to prioritize risks and incidents based on the industry's most widely adopted framework.
About Palo Alto Networks
Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice.