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.
Read More
ENTERPRISE SECURITY, SOFTWARE SECURITY, CLOUD SECURITY
Prnewswire | June 02, 2023
Safe Security (SAFE), the leader in AI-based cyber risk management SaaS platform, announced today the industry's first Cyber Risk Cloud of Clouds for predicting and preventing cyber breaches. In contrast to the rest of the industry that takes a reactive approach, SAFE's Cyber Risk Cloud of Clouds enables organizations to make informed and predictive dynamic security decisions to reduce risk.
Real-Time, Data-Driven, Aggregated Risk in a Single Place
SAFE's Cyber Risk Cloud of Clouds provides organizations with a granular and aggregated view of enterprise security risk by bringing together multiple disparate cyber signals, including Crowdstrike, Wiz, AWS, Azure, Google Cloud Provider, Qualys, Tanium, Rapid7, ServiceNow, and more in a single view. This provides organizations with visibility across their entire attack surface ecosystem, including technology, people, and third parties.
AI Breach Predictions and Prioritized Actions to Prevent Breaches
Using SAFE's predictive AI data models, co-developed with MIT, SAFE generates breach likelihood for different risk scenarios like ransomware. For example, accurately answer questions like:
How likely are you to be hit by a ransomware attack in the next 12 months?
What is your likelihood of being hit by the latest malware like "Snake" malware?
What is your dollar impact for that attack?
What prioritized actions can you proactively take to reduce the ransomware breach likelihood and reduce dollar risk?
"The CISO is facing an unprecedented level of pressure and the role has evolved into a major business decision maker. With SAFE, CISOs can gain a new level of visibility with higher confidence, through real-time access into their cybersecurity posture, to make the most impactful strategy to decrease cyber risk," said Saket Modi, CEO and Co-Founder of SAFE. "The new release of SafeGPT, a generative AI interface, powered by LLM models is a game-changer. It helps CISOs get the right answers a hundred times faster."
SafeGPT Drives Easy Access and Risk Reducing Decisions
SAFE's generative AI chat interface powered by LLM models, SafeGPT, offers an intuitive platform for managing cyber risk with ease, providing stakeholders with a clear and comprehensible overview of the organization's cybersecurity posture. With its user-friendly dashboard and natural language processing capabilities, SafeGPT enables users to ask targeted questions of their cyber risk data, determine the most effective strategies for mitigating risk, and respond confidently to inquiries from regulators and other key stakeholders.
"The market transitions going on now are going to affect every industry and vertical worldwide," said John Chambers, former Executive Chairman and CEO of Cisco and current founder and CEO of JC2 Ventures." AI is going to have a tremendous impact on cybersecurity, which is why I am excited about the launch of SafeGPT. It simplifies complex problem-solving for board members and C-level executives."
About Safe Security
Safe Security is the leader in cyber risk management SaaS platforms. It has redefined cyber risk measurement and management with its real time, data driven approach that empowers enterprises, boards, regulators and cyber insurance carriers to understand cyber risk in an aggregated and granular manner.
Using SAFE's predictive AI driven data models, co-developed with MIT, customers are now empowered to translate the bits and bytes of cyber risk into dollars and cents so that they can prioritize their cyber investments to most effectively mitigate their risk and understand the return on security investments. Having raised over $100m, SAFE is growing over 200% year-over-year and serves some of the largest global enterprises.
Read More
ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | May 30, 2023
Contrast Security (Contrast), the code security platform built for developers and trusted by security, today announced it has been recognized as a Visionary by Gartner in the new "Magic Quadrant for Application Security Testing" for 2023. We believe the recognition further validates that the Contrast Secure Code Platform is a strong fit for organizations looking to improve their application security posture.
"The application security testing market continues to be saturated with solutions that lack context and overwhelm DevSecOps teams with false positives," said Steven Phillips, Vice President of Product Marketing at Contrast Security. "We've listened to feedback from our customers and have put a focus on delivering a comprehensive platform that helps overcome these challenges. It's encouraging to see our position within the Magic Quadrant due to our Ability to Execute and the Completeness of our Vision. We provide customers with the tools they need to deploy real-time security tools accurately."
The Contrast Secure Code Platform provides customers the ability to "Shift Smart" allowing DevSecOps teams to apply security testing throughout the development process across the entire software development lifecycle. As the only unified code security platform on the market, Contrast leverages the power of instrumentation to embed security within the application's runtime. This solves the challenges of legacy application security tools present in modern software environments. Furthermore, this inside-outside approach allows organizations to very cleanly combine results from the various tools, coordinate actions between them and write and execute complex security and testing policies with very little overhead visible to developers. Those are the features that more complex offerings often fail to achieve.
A full, complimentary copy of the Gartner "Magic Quadrant for Application Security Testing" for 2023 can be downloaded here.
About Gartner Magic Quadrant
Gartner evaluates companies based on completeness of vision and ability to execute criteria. Evaluation criteria for completeness of vision include market understanding, market strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy. Criteria for a vendor's ability to execute include product or service, overall viability, sales execution/pricing, market responsiveness/record, marketing execution, customer experience, and operations.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Contrast Security (Contrast)
A world-leading code security platform company purposely built for developers to get secure code moving swiftly and trusted by security teams to protect business applications. Developers, security and operations teams quickly secure code across the complete Software Development Life Cycle (SDLC) with Contrast to protect against today's targeted Application Security (AppSec) attacks.
Founded in 2014 by cybersecurity industry veterans, Contrast was established to replace legacy AppSec solutions that cannot protect modern enterprises. With today's pressures to develop business applications at increasingly rapid paces, the Contrast Secure Code Platform defends and protects against full classes of Common Vulnerabilities and Exposure (CVEs). This allows security teams to avoid spending time focusing on false positives so as to remediate true vulnerabilities faster. Contrast's platform solutions for code assessment, testing, protection, serverless, supply chain, application programming interfaces (APIs) and languages help enterprises achieve true DevSecOps transformation and compliance.
Contrast protects against major cybersecurity attacks for its customer base, which represents some of the largest brand-name companies in the world, including BMW, AXA, Zurich, NTT, Sompo Japan and The American Red Cross, as well as numerous other leading global Fortune 500 enterprises. Contrast partners with global organizations such as AWS, Microsoft, IBM, GuidePoint Security, Trace3, Deloitte and Carahsoft, to seamlessly integrate and achieve the highest level of security for customers.
The growing demand for the world's only platform for code security has landed the company on some of the most prestigious lists, including the Inc. 5000 List of America's Fastest-Growing Companies and the Deloitte Technology Fast 500 List of fastest-growing companies.
Read More