SOFTWARE SECURITY
ActZero | August 28, 2021
ActZero, a cybersecurity startup whose AI-driven managed detection and response (MDR) platform makes best-in-class security accessible for businesses of all sizes, today announced a strategic partnership with Tech Data, one of the world's largest technology distributors and solutions aggregators. Together, ActZero and Tech Data aim to help organizations accurately detect, learn from, and prevent emerging security threats.
The ActZero platform combines next-generation antivirus protection, endpoint detection and response (EDR), and 24/7 automated and managed threat hunting capabilities, enabled by a purpose-built AI engine, delivered through its single, cost-effective solution. As a result, ActZero detects and prevents all types of threats, from commodity malware to sophisticated attacks, all in sub-second responses.
The partnership will accelerate adoption of ActZero's novel security platform as part of the Tech Data edge-to-cloud portfolio and broaden access to superior security for small and mid-size businesses through the IT distributor and solutions aggregator's global footprint. In addition, this scale helps unlock powerful network effects that enrich ActZero's machine learning engines and improve its ability to detect and contain threats.
"We're excited to roll out this partnership," said John Nurczynski, co-founder and Head of the Summit partnership program at ActZero. "Our goal is to democratize cybersecurity for small and mid-size businesses, and Tech Data's well known distribution platform and industry-leading security expertise unlocks the ability to get ActZero's superior approach in the hands of more companies."
"With year-over-year cybercrime statistics increasing exponentially, making smart investments in security solutions is a no-brainer for businesses grappling with how to handle malware, ransomware and proliferating cyber threats," said Tracy Holtz, vice president of security solutions at Tech Data. "Adding cybersecurity innovators like ActZero to our portfolio of solutions arms Tech Data customers with critical online security tools so the businesses they serve – especially small and mid-sized companies – are equipped to protect from edge to cloud."
ABOUT ACTZERO
ActZero is a cybersecurity startup that makes small- and mid-size businesses more secure by empowering teams to cover more ground with fewer internal resources. Our intelligent managed detection and response service provides 24/7 monitoring, protection and response support that goes well beyond other third-party software solutions. Our teams of data scientists leverage cutting-edge technologies like AI and ML to scale resources, identify vulnerabilities and eliminate more threats in less time.
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DATA SECURITY
Cloudflare | February 24, 2022
Cloudflare, Inc. a security, performance, and reliability firm striving to build a better Internet, has agreed to buy Area 1 Security. Area 1 Security's cloud-native software, which integrates with any email provider, prevents phishing assaults by detecting and deleting them before they can cause harm in the workplace. As a result, the organization stopped more than 40 million harmful phishing operations in 2021 alone, including business email compromise, malware, ransomware, and other advanced threats.
“Email is the largest cyber-attack vector on the Internet, which makes integrated email security-critical to any true Zero Trust network. That’s why today we’re welcoming Area 1 Security to help make Cloudflare’s platform the clear leader in Zero Trust, To us, the future of Zero Trust includes an integrated, one-click approach to securing all of an organization’s applications, including its most ubiquitous cloud application, email. Together, we expect we’ll be delivering the fastest, most effective, and most reliable email security on the market.”
Matthew Prince, co-founder, and CEO of Cloudflare
Malicious phishing attacks, especially business email intrusion, are the most costly, according to the FBI's Internet Crime Complaint Center 2020 Internet Crime Report, with U.S. businesses losing more than $1.8 billion. For example, the JPMorgan Chase breach, in which a phishing attack impacted 76 million households and 7 million small businesses; SolarWinds, in which phishing led to the compromise of 18,000 customers, including multiple government agencies; Sony Pictures, in which a phishing attack reportedly resulted in the theft of more than 100 terabytes of proprietary data; and the United States elections, in which phishing has been cited as the cause of damage inflicted "The biggest challenges with email are its ubiquity and our readiness to trust it," Forrester says. Everyone has an email account, and many of them have many accounts, making it an easy target for hackers." As a result, businesses of all sizes must explore how to incorporate email solutions into their broader security stack and strengthen it with global threat intelligence. As a result, email continues to be an attractive entry point for increasingly sophisticated cyberattacks.
Research Director for IDC’s Network Security Products and Strategies, Chris Rodriguez, notes, "Email is often the largest cloud application for any organization; and also represents the largest attack vector. Instead of viewing email security as a standalone issue, more businesses realize that it needs to be part of their holistic security strategy. The combination of Cloudflare and Area 1 Security offers customers a uniquely differentiated and comprehensive Zero Trust offering with coverage across the entire threat lifecycle."
“Today, email is a business’ most-used cloud application. It's unfortunately unprotected. We estimate that more than 90% of cyber security damages are the result of just one thing: phishing," said Patrick Sweeney, CEO, and President of Area 1 Security. "By combining our leading phishing protection and threat intelligence capabilities with Cloudflare’s global network, data capabilities, and Zero Trust platform, we truly believe that together we can help companies of any size better secure their entire network infrastructure and better protect against the most destructive cyber risks.”
In 2021, Cloudflare launched its Advanced Email Security Suite, which includes creating bespoke email names, managing incoming email routing, and preventing email spoofing and phishing on outgoing emails. Because Cloudflare's global network blocks an average of 86 billion cyber threats per day, it has unique threat intelligence data that can help it better filter out targeted phishing attacks (spear phishing) and other security threats that legacy email security solutions and API-only email security offerings may miss. Area 1 Security has long adopted a proactive approach to email security to halt phishing operations in their infancy. The two businesses will create a complete Zero Trust solution that clients may enable through Cloudflare's global edge by combining Area 1 Security's highly scalable technology and years of experience in email protection with Cloudflare's worldwide network.
Cloudflare will pay $162 million for Area 1 Security, subject to normal adjustments, with 40-50 percent of the amount paid in Cloudflare's Class A common stock and the rest paid in cash. The transaction is expected to close in the first half of 2022, subject to usual closing conditions.
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DATA SECURITY
Transmosis | July 09, 2021
Transmosis, a cybersecurity workforce developer, has today declared $500,000 of extended digital risk inclusion and worldwide development of its endeavor grade online security-as-a-service, transmosis ONE. Intended for the profoundly weak private company area and far-off workplace, transmosis ONE (previously CyberOPS) will presently be accessible to broad accomplice networks in New Zealand, Canada, Australia, and South America through essential wholesalers.
Viewed by specialists as the most complete and wholly outsourced small company and cybersecurity solution for work-from-home available today, transmosis ONE gives essential assurance and digital risk inclusion, all included in the monthly membership. Conveyed in minutes, the ground-breaking service removes lengthy approval processes and complicated setup, empowering private companies to get to the world's first-class cybersecurity technology without marking six-figure multi-year contracts.
The military-grade cybersecurity platform of Transmosis ONE combines an Artificial Intelligence-powered Extended Detection and Response platform (XDR) with a 24/7 live virtual Security Operations Center (vSOC) utilizing U.S.-based security experts to screen and proactively remove cyber-attacks from susceptible customer endpoints. In addition, its next-generation technology is thoroughly combined with $500,000 of cyber obligation coverage, the only small business cyber security-as-a-service that confirms full compliance and rapid compensations.
Transmosis CEO Chase Norlin said they are excited to offer their exclusive service to global networks, filling this severe need with classy cybersecurity naturally reserved for companies with huge budgets to secure their devices and files.
About Transmosis
Nationally recognized cybersecurity workforce developer, Transmosis, was founded in Silicon Valley, enabling American workers to develop new careers in the rapidly growing information security industry. In addition, Transmosis's proprietary virtual cybersecurity security analyst training model serves as the foundation of transmosis ONE, a Fortune 5000 cybersecurity platform designed to protect small businesses from cyber attacks.
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