SOFTWARE SECURITY

CertiK Reaches for the Skies With the Release of Its New Security Services

CertiK | July 16, 2022 | Read time : 3 min

CertiK
CertiK, the leading global Web3 and blockchain security firm, today announced the launch of several web3 Skynet security features to bolster end-to-end security for the web3 world. New features include:

  • Skynet Trust Score - a new scoring mechanism aimed at simplifying the definition of crypto project risk, increasing transparency into scoring mechanisms and demonstrating market health.
  • Skynet Cohort Analysis Panel - a way for projects to see how they rank against other similar projects in order to help users contextualize the risk of a project by displaying its performance against comparable projects.
  • Badges and honors for project achievements to strengthen credentials in their respective fields

The Skynet service, launched in June 2021, uses a comprehensive set of signals, curated from code scanning analysis, on chain security analytics, and machine learning to provide 24/7 monitoring of threats for crypto projects. To date, Skynet has helped to protect and monitor over 4 billion transactions.

As part of its strategy, CertiK set out on a mission to address both business and consumer value services through its security leaderboard found on its website. Delivering on this promise, CertiK’s release of new Skynet features provides further simplicity and transparency to consumers around project risk, while also giving credit to projects where needed through badges and honors.

“We’re very excited to launch these new Skynet features. “Through feedback from customers and the community, we’ve recognized the need to innovate around security risk in a simpler way that caters to both business and consumer needs. This is just the beginning of our journey as we continue to innovate in response to community needs and deliver on our promise of securing the web3 world.”

Kevin Liu, Chief Product Officer at CertiK

As part of its portfolio expansion, CertiK also recently released on its Twitter an autonomous security alert channel, which provides real-time alerts to the community on hacks, flash loan attacks, rugpulls and suspicious activity. To date, CertiK has flagged over $1.45 Billion in security incidents since the release of the service in February this year.

The growing demand for Web3 security has driven further development and operation of more innovative and data-driven security products for the blockchain industry. CertiK is meeting these demands through innovative products like Security Leaderboard, Code Auditing, KYC and now this next series of Skynet security features.

About CertiK
CertiK’s mission is to secure the Web3 world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into Enterprise, enabling mission-critical applications to be built with security and accuracy. Headquartered in New York City, CertiK was founded by computer science professors Ronghui Gu and Zhong Shao. CertiK is backed by industry leaders, including Insight Partners, Tiger Global, Sequoia, Coatue Management, Advent International, Goldman Sachs, Lightspeed, SoftBank Vision Fund 2, Hillhouse Capital, Binance, Coinbase Ventures, and more.

Spotlight

The exploitation of trust is a common mode of operation for online attackers and other malicious actors. They take advantage of users’ trust in systems, applications, and the people and businesses they interact with on a regular basis. And this approach works: There is ample evidence that adversaries are coming up with new methods for embedding their malware in networks, remaining undetected for long periods, and stealing data or disrupting critical systems

Spotlight

The exploitation of trust is a common mode of operation for online attackers and other malicious actors. They take advantage of users’ trust in systems, applications, and the people and businesses they interact with on a regular basis. And this approach works: There is ample evidence that adversaries are coming up with new methods for embedding their malware in networks, remaining undetected for long periods, and stealing data or disrupting critical systems

Related News

SOFTWARE SECURITY

SafeGuard Cyber Delivers Context-Aware Response with Microsoft Azure AD and Okta

SafeGuard Cyber | August 01, 2022

SafeGuard Cyber, the leading provider of security and compliance solutions for email and communication-based threats, today announces automated response and multi-channel user onboarding with Microsoft Azure AD and Okta integrations for its security and risk management platform. These integrations enable automated and workflow-based responses to advanced social engineering threats such as impersonation and account takeover, as well as other threats, business risks, and compliance violations. The integrations extend the SafeGuard Cyber platform's multi-channel detection capabilities, with the ability for security and compliance operation teams to manage and automate responses to threats and risks across all communication channels. "In the current economic climate, organizational leadership needs to ensure optimum resource utilization in security operations and reduce unnecessary costs," said Chris Lehman, CEO of SafeGuard Cyber. "Many of our enterprise customers have made significant investments in Azure AD or Okta to manage identities across their organizations, and our new capabilities allow them to streamline operations and maximize ROI for their security and overall operations." Integrated response through SafeGuard Cyber enables security architects and operations teams to deliver the ideal response to threats and business risks, either in an automated or direct action through the SafeGuard Cyber platform as part of incident management or an investigation. "As the threats of fraud, impersonation, and social engineering increasingly result in material breaches and financial losses through ransomware and business compromise, the need to have a context-aware, zero-trust foundation with detection and response capabilities is more urgent than ever. "Our integrations with Okta and Azure AD enable organizations moving towards a cloud or hybrid workplace to simplify identity-based responses to communication-based threats, while enriching authentication to include context and intent of interactions." Rusty Carter, chief product officer at SafeGuard Cyber Context-aware and advanced integrated response with Okta and Azure AD is available for all SafeGuard Cyber customers and delivers: Automated user onboarding for monitoring communications by group Automatic, risk-based responses that include user-session invalidation Support for all SafeGuard Cyber protected channels SafeGuard Cyber detects attacks and identifies risk by understanding how humans interact and communicate. The company's Natural Language Understanding-based SaaS platform offers the industry's most advanced visibility and detection of phishing, BEC and malware attacks that span the full range of modern business communications channels, including social media, collaboration, mobile messaging, conferencing, CRM and the Microsoft 365 ecosystem. About SafeGuard Cyber SafeGuard Cyber provides the only comprehensive technology solution for addressing cybersecurity threats and compliance risks across the modern cloud workplace. The company's patented and award-winning Natural Language Understanding technology analyzes and correlates conversations across 30 communication channels and 52 languages, including collaboration, social, chat, messaging, and conference platforms, in order to detect and prevent communication-based threats like social engineering. By stopping attacks at the social engineering stage, SafeGuard Cyber allows companies to prevent data breaches, ransomware, invoice fraud, and many other threats. The company's cloud-based Machine Learning also provides compliance solutions for governance and policy enforcement that empower customers to communicate through modern apps and social networking.

Read More

DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Cymulate Raises $70M Series D Funding for Continuous Security Posture Testing

Cymulate | September 07, 2022

Cymulate, the market leader in Extended Security Posture Management (XSPM), today announced a $70 million Series D investment led by existing investors One Peak, together with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. Cymulate has raised $141M to date. The latest investment, which is among the largest for continuous security testing vendors, doubles Cymulate's funding raised to date and accelerates the Company's global expansion and pace of innovation. In a recent report on Continuous Threat Exposure Management (CTEM) GartnerⓇ analysts observed, "Previous approaches to managing the attack surface are no longer keeping up with digital velocity — in an age where organizations can't fix everything, nor can they be completely sure what vulnerability remediation can be safely postponed. CTEM is a pragmatic and effective systemic approach to continuously refine priorities, walking the tightrope between those two impossible extremes."* The global shortage of 2.72 million cybersecurity professionals, and overstretched in-house security resources further exacerbates the need for Cymulate's real-world solutions which closes security gaps quickly and efficiently, rationalizes technology, helps upskill staff and improves processes. "We are thrilled to lead this round of investment in Cymulate," said David Klein, Managing Partner of One Peak. "Cyber posture management and continuous security validation have dramatically increased in popularity in response to the onslaught of ransomware and cyber warfare for businesses across all size ranges. Cymulate is the clear leader in the sector, and we look forward to continuing to support the Company in further accelerating its already strong growth trajectory." Cymulate sets the industry standard for organizations to use automation to continuously validate their threat exposure and cyber posture, by testing their cloud and on-premise networks against the latest threats in the wild. The Company's Extended Security Posture Management platform leverages its native offensive security technology and capabilities to widely support customers' security and business needs. XSPM incorporates four fundamental pillars tied together with analytics to provide actionable security posture insights: Attack Surface Management, Continuous Automated Red Teaming, Breach & Attack Simulation, and Advanced Purple Teaming. Cymulate's customers see their cyber risk reduced by nearly 50% during the first three months of use. Running daily risk assessments, the cyber risk of Cymulate's customers continues to decrease in the first year without any security drift. The Series D funding will be used to extend Cymulate's technological capabilities and further accelerate its global growth. The Company more than doubled its ARR in 2021 and grew more than 200% in North America alone. Cymulate has more than 500 customers globally, including Fortune 500 companies and strategic partners such as Optiv and Wipro. By the end of this year, Cymulate plans to further expand its staff by 75% to continue supporting its go-to-market efforts. "In a market where every business must be prepared to fight advanced threats, I am proud of our team's ability to innovate and respond quickly to the constant turbulence of cybersecurity. "Our funding from existing investors is a further testament to their confidence in our company, direction, and continued vision. We look forward to reaching our next innovation milestones and expanding into new markets across the globe." Eyal Wachsman, CEO and Co-Founder of Cymulate Alongside their Series D funding, Cymulate also recently announced two C-level executive appointments to bolster the company's leadership, namely the appointment of Maria Mastakas as Chief Operating Officer and Carolyn Crandall as Chief Marketing Officer and Chief Security Advocate of Cymulate. *Gartner, Implement a Continuous Threat Exposure Management (CTEM) Program, July 2022. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. About Cymulate Cymulate's SaaS-based Extended Security Posture Management (XSPM) provides security professionals with the ability to continuously challenge, validate and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert and threat intelligence led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies.

Read More

DATA SECURITY

Veza, the Data Security Platform Built on the Power of Authorization, Announces Partnership with Google Cloud

Veza | July 20, 2022

Veza, the data security platform built on the power of authorization, announces today that the company has entered a partnership with Google Cloud, including product integration that enables Google Cloud customers to harness the capabilities of Veza’s data security platform across their multi-cloud ecosystem. Veza, which recently launched in April 2022 after two years of building in stealth, makes it easy to understand, manage, and control who can and should take what action on what data. With this new integration, Google Cloud customers can now directly access the capabilities of Veza’s authorization-based data security platform integrated with Google Cloud Policy Analyzer to identify, manage, and control external identities and service accounts to Google Cloud services (Looker, BigQuery, and more). This partnership furthers the relationship between Google and Veza, which began in 2021 when GV led the Series B investment in Veza and GV Partner Karim Faris joined Veza Board of Directors. “The cloud is quickly becoming the primary footprint for organizations. By prioritizing and investing in security, Google Cloud has earned a differentiated position in the market,” said Tarun Thakur, Co-founder and CEO, Veza. “The initial product integration between Veza and Google Cloud, publicly demonstrated at the Google Cloud Security Summit in May this year, is a powerful example of how intelligence from Veza’s Authorization Graph can bolster the data security of Google Cloud customers. It shows how identity-to-data relationship insights from the Veza platform can be pulled directly into the Google Cloud Policy Analyzer, allowing customers to secure both Google Cloud data (Looker, BigQuery, Google Storage Buckets, etc.) to which multi-cloud identities (AD, Azure AD, Okta, etc.) have permissions and multi-cloud data (AWS, Snowflake, etc.) that is being accessed by Google Cloud identities.” “Securing cloud environments and data from cybercrime and threats is a key priority of organizations across the globe. “With Veza’s platform now available alongside Google Cloud’s secure and global infrastructure, customers will be able to quickly deploy the solutions they need to better understand, control, and securely take action on their data across their multi-cloud environments.” Sunil Potti, General Manager and Vice President, Cloud Security, Google Cloud Veza’s data security platform aggregates identity information from humans, service accounts, and cloud IAM entities, and authorization data from apps and data systems, giving organizations a centralized, SaaS-based control plane to visualize, manage, and control data access controls through Veza’s Authorization Graph. Veza integrates with cloud identity providers, SaaS and custom apps, and data systems, and translates system-specific entitlements and permissions into a common, human-understandable business language, visualized in the platform as effective permissions. The platform brings a novel approach to data security by enabling organizations to address key data security use cases across access reviews and certifications for SaaS apps and data systems, privileged access management to data and apps, data lake security and governance, management of cloud entitlements, and much more. It delivers prioritized insights, provides access workflows, and actionable recommendations for remediation of over-privileged accounts, enabling security and IT teams to correct anomalies and right-size their organization’s permissions to protect against ransomware and other data breaches. As organizations continue to adapt to the evolving demands of hybrid remote and in-office work, multi-cloud and hybrid-cloud environments — those with multiple providers of disparate data, app, compute, and infrastructure systems — are becoming the norm. According to the Flexera 2022 State of the Cloud Report, 89% of companies surveyed are multi-cloud, with only 2% operating in single private clouds and 9% in single public clouds. This trend is leading to a distributed web of data, relationships, and access points that are changing and difficult to track and secure. Veza and Google Cloud already have a number of joint customers deployed across the industries of SaaS software, marketing technology, and media, including Vox Media. “To support Vox Media’s growth and increasing M&A activity without compromising security, we need to ensure that across all of our brands, the right users have access only to the data they need access to, and that we have full visibility over what they can do with that data,” says Ateeb Ahmad, Senior Director, IT Infrastructure, Vox Media. With Veza and Google Cloud working together, we’ve been able to seamlessly manage access controls over our data for our largest merger to date, and tightly scope identity-to-data permissions even as our footprint with Google Cloud and other technologies grows.” “The greatest gifts of the multi-cloud and the generational architectural shift of the modern data systems are also its greatest risks: securing data, scalability, flexibility, and seamless collaboration,” says Thakur. “When organizations enable workers to reach from one cloud to another to leverage data across their entire multi-cloud ecosystem, they foster growth, enable more intelligence, and promote agility. However, such apps and data systems are also more porous and are at increased risk of cybercrime and ransomware. We purpose-built Veza’s Core Authorization Platform for the multi-cloud so that organizations can implement strong access governance policies - Veza continuously evaluates these policies and enables both automated workflows for access reviews, automated access removal for toxic and stale combinations, and facilitates access grant and request for any app, data, and service.” About Veza 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 SaaS 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

Read More