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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PLATFORM SECURITY, SOFTWARE SECURITY, WEB SECURITY TOOLS
Prnewswire | May 09, 2023
AnChain.AI, a leading Web3 digital asset security, and risk monitoring firm, today announced its integration with Stellar, the pioneering decentralized open-source blockchain network for cross-border payments and asset issuance. This integration paves the way for Stellar's thriving developer community to leverage AnChain.AI's AI-powered Web3 risk management and security solutions to enhance their security posture as they drive innovation.
As digital assets and cross-border payments continue to rise, the need for fraud prevention solutions has become increasingly apparent. AnChain.AI's CISO Investigation platform provides an additional layer of trust to institutions developing on Stellar. By utilizing AnChain.AI's Open Blockchain Ecosystem Intelligence (OpenBEI), Stellar developers can prioritize security and customer safety from the earliest phases of building.
"As the Web3 ecosystem continues to expand, it's becoming increasingly clear that security is not a luxury, but a necessity," said Dr. Victor Fang, CEO & Co-founder of AnChain.AI. "We are committed to providing cutting-edge security and risk monitoring solutions that enable Web3 platforms to operate with confidence. We're excited to build a more secure and sustainable Web3 future on Stellar."
AnChain.AI utilizes AI digital asset risk assessment and early detection of suspicious activity. AnChain.AI's technology solutions underpin the regulatory efforts of leading government agencies, financial institutions, and enterprises worldwide, including the United States Securities and Exchange Commission (SEC). Through this integration, AnChain.AI continues demonstrating its commitment to a more secure blockchain ecosystem, ensuring that all participants in the Stellar community can confidently engage.
"Having AnChain.AI integrate with Stellar is a breath of fresh air for the thriving community of Stellar projects," said Mark Heynen, Vice President of Partnerships at Stellar Development Foundation. "These types of solutions help equip developers and enterprises with the necessary tools to prioritize security and compliance from the get-go. This integration lays a sturdy foundation for Stellar ecosystem innovators to create more secure cross-border payment and asset issuance solutions."
This integration represents a significant step towards increasing community awareness of the risks associated with rapidly evolving Web3 technology, particularly as regulatory scrutiny in the digital asset space intensifies. By solidifying a shared commitment to sustainable and secure development, this integration lays the foundation for the next-generation Web3 innovation on the Stellar network.
Join the growing number of enterprises, financial institutions, government agencies, and users and developers who trust AnChain.AI for their Web3 and digital asset security needs. If you're a user or developer on Stellar looking to enhance your security and compliance posture, get started today.
About AnChain.AI
AnChain.AI (HQ in San Francisco) is an award-winning AI-powered cybersecurity company enhancing Web3 security, risk, and compliance strategies. AnChain.AI was founded in 2018 by cybersecurity and enterprise cloud veterans. Backed by both Silicon Valley and Wall Street VCs, and selected in the Berkeley Blockchain Xcelerator, we are trusted by 100+ customers from over 10+ countries in sectors: VASPs, financial institutions, and government, including the U.S. SEC (Securities and Exchange Commission). AnChain.AI Web3 Security Suite protects over $50 billion Web3 crypto assets. RSA Innovation Sandbox Finalist 2023. CNBC Top Startups Award 2022.
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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | April 20, 2023
Spin.AI, developer of the SpinOne SaaS security platform for mission-critical SaaS apps, today announced the significant expansion of its platform with new solutions to help enterprises proactively respond to the growing challenge of protecting SaaS data. This includes new capabilities around SaaS security posture management (SSPM), SaaS data leak prevention and data loss protection (SDLP), and SaaS ransomware detection and response (SRDR), as well as new integrations with JIRA and ServiceNow, and backup support for Slack.
"The rising adoption of mission-critical SaaS applications, such as collaboration tools and CRMs, has resulted in a massive amount of new SaaS data that must be safeguarded for compliance, regulatory, and business continuity purposes,” said Dmitry Dontov, CEO and founder of Spin.AI. “The most recent enhancements to the SpinOne platform protect SaaS applications, automate manual processes, and minimize business downtime for organizations that rely on SaaS apps and SaaS data. With SpinOne, teams can reduce the time it takes to identify and remediate SaaS application risks from days and months to minutes and seconds."
SpinOne is an all-in-one, SaaS security platform that protects SaaS data for mission-critical SaaS applications, including Google Workplace, Microsoft 365, Salesforce and now Slack, by delivering full visibility and fast incident response. It eliminates fundamental security and management challenges associated with protecting SaaS data by reducing the risk of data leak and loss, saving time for SecOps teams through automation, reducing downtime and recovery costs from ransomware attacks, and improving compliance. The new platform updates include:
SSPM (SaaS Security Posture Management) – Offers automated security operations to help companies quickly detect and respond to misconfigurations while also providing inventory and assessment of unsanctioned third-party apps and extensions. This reduces security and compliance risks while minimizing manual workloads. SpinOne provides full visibility and control over SaaS apps, Cloud apps, Mobile apps, and browser extensions with OAuth access to collaboration tools. Additionally, SpinOne provides access to a database of 300,000+ apps and extensions assessed by its AI-driven algorithms, reducing risk assessment time from months to seconds.
SaaS DLP (SaaS Data Leak Prevention and Loss Protection) – Mitigates unauthorized access to sensitive SaaS data with configurable access management and advanced reporting. Recovers lost data in a matter of minutes or hours (instead of the typical weeks or months) with integrated, automated SaaS backup and rapid incident response.
SaaS Ransomware Detection and Response – Quickly detects and responds to in-progress ransomware attacks, minimizing downtime from an average of one month to up to 2 hours and preventing further encryption. Provides 24/7 ransomware monitoring and automated incident alerting, and can recover SaaS data in minutes, reducing recovery costs by 90%. This patented technology gives organizations the unique capability to limit files impacted and avoid throttling and API limits on recovery.
JIRA and ServiceNow – Integrates with JIRA and ServiceNow to create alerts and incidents automatically, streamlining security operations processes for enterprise teams by eliminating the need for manual alert creation.
SpinOne for Slack – Helps protect an organization’s Slack channels and messages to meet data protection and compliance requirements, ensure business continuity, and decrease recovery costs. You can easily set up automated 3x a day backup of your Slack data on AWS, GCP, Azure or BYOS.
Enterprises use multiple point products to meet their security requirements, making it challenging to manage various dashboards, invoices, and support channels. Consequently, enterprises are consolidating on platforms that address significant issues in a single solution. This all-in-one SaaS security solution is what SpinOne provides. SpinOne can efficiently substitute existing vendors or complement an enterprise’s existing security stack, reducing overhead and complexity.
“SaaS applications, such as Google Workspace and Microsoft 365 for example, have a significant number of controls and configurations,” said Davit Asatryan, Director of Product at Spin.AI. “One of the biggest challenges administrators face is configuring these applications for the best security posture. This new SpinOne update delivers the visibility needed to better understand configuration issues, set better policies, and respond faster, while aligning with existing regulations such as NIST, ISO, and SOC 2.”
SpinOne protects the SaaS applications enterprises use on a daily basis, reducing the risk of downtime due to business disruptions, ensuring business continuity, and improving compliance. For more information including a deeper technical overview of the new SpinOne capabilities, please visit www.spin.ai/platform/spinone or request a demo at www.spin.ai/demo.
About Spin.AI
Spin.AI is a SaaS security company protecting enterprises against the risk of shadow IT, data leak and loss, ransomware, and non-compliance. SpinOne, the all-in-one SaaS security platform for mission-critical SaaS apps, protects SaaS data for Google Workspace, Microsoft 365, Salesforce, and Slack. SpinOne provides SaaS security posture management, SaaS DLP, and SaaS ransomware protection for more than 1,600 organizations worldwide to reduce downtime and recovery costs, improve compliance, and save time for SecOps teams. For more information, please visit: https://www.spin.ai/
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