DATA SECURITY, ENTERPRISE SECURITY, SOFTWARE SECURITY
Businesswire | May 03, 2023
Veza, the authorization platform for data security, today announced Veza for SaaS Apps, a solution to deliver access security and governance across SaaS applications, including Salesforce, JIRA, Coupa, Netsuite, GitHub, Gitlab, Slack, and Bitbucket. The solution allows customers to automate access reviews, find and fix privilege access violations, trim privilege sprawl, and prevent SaaS misconfigurations. With this solution, Veza secures the attack surface associated with SaaS apps while enabling continuous compliance with frameworks like Sarbanes-Oxley, ISO 27001, SOC 2, and GDPR.
Organizations today maintain an average of 125 different SaaS applications, costing $1,040 per employee annually, according to Gartner’s 2022 Market Guide for SaaS Management. As SaaS grows in popularity, security and identity teams are under pressure to manage security risks associated with the spread of data in these apps.
“SaaS applications are everywhere, holding sensitive data like customer lists, financials, and employee data. This is a new attack surface for the threat actors who misuse identity,” said Tarun Thakur, CEO and co-founder of Veza. “Conventional IAM techniques like authentication are not enough to secure access to data in SaaS apps. We are excited to introduce Veza for SaaS Apps to help our customers protect sensitive data against credential theft, malicious attacks and accidental exposure, putting SaaS access security within reach.”
The Veza solution includes integrations to 15 popular SaaS applications, including Salesforce, JIRA, Confluence, Coupa, Netsuite, GitHub, Gitlab, Slack, and Bitbucket. Because Veza uses an out-of-band approach to integrate with apps and systems, customers can integrate in less than a day, unlocking unprecedented visibility and control in just hours.
“Using Veza, we have been able to achieve end-to-end visibility over access permissions across our enterprise app stack, including Salesforce,” said Brian Miller, Director, Security Governance, Risk and Compliance at Achieve. “As our customer base continues to expand, Veza helps us maintain least privilege over sensitive financial customer data, giving us the confidence to adopt new apps at lightspeed.”
Capabilities of the Veza solution include:
Privileged Access Monitoring. Veza alerts security teams when there are new grants of privileged access and privilege drift in SaaS apps, such as new local admins in Salesforce. Veza monitors both human identities and machine identities like service accounts and third-party integrations.
User Access Reviews and Entitlement Certifications. Veza automates the identity governance and administration process of periodic access reviews, using workflow rules to route requests for certification and providing decision-makers with authorization context to choose the least-permissive role. Veza makes it possible to graduate from periodic batches to “continuous compliance.”
SaaS Misconfigurations. Veza monitors SaaS apps for administrative misconfigurations and policy violations with over 100 pre-built queries to monitor and detect common misconfigurations in permissions and access controls. For example, Veza alerts the security team when users have access to sensitive data but do not have MFA (multi-factor authentication) enabled.
SaaS applications contain sensitive data. Securing the access to this data in SaaS apps is complicated given the application-specific RBAC (role-based access control) that grants permissions to humans and services. Because security teams can’t see the reality of who can do what with data, SaaS apps are vulnerable to privilege sprawl and risky misconfigurations. The Veza Authorization Platform creates a comprehensive graph of identity-to-data by ingesting and organizing the authorization metadata (RBAC) from SaaS apps, cloud providers, data systems, and identity providers.
About Veza
Veza is the authorization platform for data security. Identity and security professionals use Veza to modernize access governance for the new data and SaaS apps landscape. By automating the work of finding and fixing excessive permissions on a continuous basis, Veza helps organizations achieve Least Privilege. Veza’s unique approach ingests metadata from any SaaS app or data system, organizes it as an authorization graph, and makes it searchable in real-time. Global enterprises like Blackstone, Wynn Resorts, and Expedia trust Veza to protect sensitive data and automate access reviews. Founded in 2020, Veza is headquartered in Los Gatos, California, and is funded by Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, and True Ventures. Visit us at veza.com and follow us on LinkedIn, Twitter, and YouTube.
Read More
ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | April 20, 2023
Lookout, Inc., the endpoint-to-cloud security company, today announced the availability of Lookout Mobile Endpoint Security, the industry's most advanced mobile endpoint detection and response (EDR) offering for managed security service providers (MSSPs). This solution enables MSSPs to deliver a complete turn-key program for identifying risk, protecting sensitive data and securing their customers' mobile devices. With Lookout's Mobile EDR, MSSPs can help organizations reduce the risk of a data breach through mobile phishing, ransomware and exploitation of device and app vulnerabilities.
While businesses are adapting to the "new normal" of remote working and continuing to invest in mobile devices, many are still struggling with keeping up with mobile security. According to industry data, less than half of SMBs specifically have any form of mobile security in place1 – as a result mobile threats are on the rise year over year. In Lookout's recent Global State of Mobile Phishing report, 2022 marked the highest percentage of mobile phishing encounter rates ever, with an average of more than 30% of personal and enterprise users exposed to these attacks every quarter. Lookout also found that users on all devices – whether personal or work provided – are tapping more on mobile phishing links in comparison to just two years ago2.
A Turn-Key Program to Close Security Gaps and Manage Mobile Risk
Lookout's Mobile EDR program for MSSPs allows them to address these mobile security challenges head on – by partnering with Lookout, MSSPs have access to the Lookout mobile dataset of security telemetry, which is built on graph-based machine intelligence that analyzes data globally from more than 210 million devices, 175 million apps and ingests four million web URLs daily. In addition, Lookout's comprehensive Mobile EDR solution enables MSSPs to detect and block mobile phishing attempts; detect unauthorized camera and mic access through surveillanceware; detect and prevent credential theft and data exfiltration; detect device compromise; check all apps for risky behavior; and detect app and OS vulnerabilities. Lookout also helps MSSPs reduce resource constraints by decreasing their policy administration time by 80%. Other operational benefits for MSSPs include a 95% user self remediation rate and optimized battery consumption leading to less support tickets as well as built-in multi-tenancy for easier management.
"As the threat landscape becomes increasingly sophisticated, businesses of all sizes must evolve their security strategy to keep up with and proactively address these threats, yet many do not have the security tools or skill sets in place to tackle this on their own," said Eva-Maria Elya, vice president, MSSP Sales at Lookout. "The MSSP ecosystem becomes a natural partner for them to turn to for help in managing their security posture, including identifying risk, ensuring compliance and safeguarding sensitive data across their device landscape. By extending our channel partner program to MSSPs, we help ensure these customers have access to the best security solutions delivered through the leading MSSP organizations."
The Lookout Mobile EDR program for MSSPs is available today. For more information on how Lookout supports SMB customers and MSSPs, click here.
About Lookout
Lookout, Inc. is the endpoint-to-cloud security company purpose-built for the intersection of enterprise and personal data. We safeguard data across devices, apps, networks and clouds through our unified, cloud-native security platform — a solution that's as fluid and flexible as the modern digital world. By giving organizations and individuals greater control over their data, we enable them to unleash its value and thrive. Lookout is trusted by enterprises of all sizes, government agencies and millions of consumers to protect sensitive data, enabling them to live, 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.
Read More
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | April 27, 2023
Lookout, Inc., the endpoint-to-cloud security company, today announced it has entered into an agreement to sell its consumer mobile security business to F-Secure, a global provider of consumer security products and services. This complementary acquisition expands F-Secure’s market leadership in the communication service provider channel and accelerates its vision of becoming the No. 1 security experience company.
With this transaction, Lookout’s core business will now evolve into a pure-play enterprise company.
“In today's complex cybersecurity landscape, consumers want consolidated solutions that secure every aspect of their digital lives in a seamless experience,” said Jim Dolce, Lookout CEO. “Early discussions with F-Secure led both parties to the realization that we’d be better together. The combination creates a holistic, integrated consumer experience while building on a shared partner-centric go-to-market model. The impact on customers is a genuine example of when one plus one equals three.”
With this partial divestiture, Lookout’s core enterprise business will continue to expand and diversify to address the most pressing security challenges facing IT and security leaders today. The core business includes Lookout’s Mobile Endpoint Security (MES) and its Security Services Edge (SSE) cloud-native solution, the Lookout Cloud Security Platform. Lookout plans to redirect the transaction proceeds back into the business and invest in expanding its enterprise products and customer base with a clear focus and vision.
“Our success in the highly competitive enterprise market has compelled us to focus our product and go-to-market efforts to gain advantage,” continued Dolce. “By doubling down on the enterprise market, we’ll be better positioned to capitalize on its projected hypergrowth, fueled by an increase in remote and hybrid work, a shift to cloud-based delivery models and the transition to zero-trust architectures.”
Lookout entered the fast-growing cloud security market through its acquisition of CipherCloud in March 2021, and that business continues to grow and expand. 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.
The divestiture of Lookout’s consumer mobile security business segment is expected to close by the end of June, 2023.
About Lookout
Lookout, Inc. is the endpoint-to-cloud security company purpose-built for the intersection of enterprise and personal data. We safeguard data across devices, apps, networks and clouds through our unified, cloud-native security platform — a solution that's as fluid and flexible as the modern digital world. By giving organizations and individuals greater control over their data, we enable them to unleash its value and thrive. Lookout is trusted by enterprises of all sizes, government agencies and millions of consumers to protect sensitive data, enabling them to live, 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.
Read More