DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Absolute Software Unveils New Product Innovations for Resilient Zero Trust

Absolute | December 01, 2022 | Read time : 03:00 min

Absolute Software Unveils New Product Innovations
Absolute Software™ , the only provider of self-healing, intelligent security solutions, today announced new product innovations, empowering customers with deeper visibility and intelligence, expanded software integrations, and a refreshed user experience through its latest updates to Absolute Secure Endpoint and Absolute Secure Access.

These product releases continue the company’s investment in bringing together the combined power of Absolute Secure Endpoint and Absolute Secure Access with our unique, firmware-embedded self-healing capability, enabling customers to achieve truly resilient Zero Trust environments and deliver an optimal user experience. This announcement builds on the launch of Absolute ZTNA – the industry’s first self-healing Zero Trust Network Access (ZTNA) solution – and Absolute Insights™ for Endpoints and Network, providing unparalleled intelligence into device, application, and network performance.

Embedded in more than 600 million devices, Absolute is the only intelligent security solutions provider capable of delivering visibility, control, and resiliency across endpoints, applications, and network connections. The Absolute Platform enables IT and security teams to ensure their endpoints remain compliant and mission-critical applications remain operational, and empowers them to transition from traditional VPNs to a resilient Zero Trust approach without hindering security or user productivity.

A recent 451 Research report validates Absolute’s differentiated platform approach and capabilities, saying: Too often, organizations don’t fully consider the resilience of the deployed zero-trust environment, and network access and device security are handled independently. It’s a situation that complicates security operations and one that can impact employee productivity.

“Our common platform addresses a wide range of market needs, as we have the unique ability to apply self-healing capabilities to devices, applications, and network access. “Organizations are acknowledging that they need resilience-focused Zero Trust approaches, capable of integrating endpoint and access assessments at every step. By providing the critical components needed to achieve that resiliency - deep visibility, intelligence, and firmware-embedded Persistence - we are enabling them to not only protect devices, data, and users but also ensure critical controls are operating at maximum efficacy.”

John Herrema, EVP of Products and Strategy at Absolute

New capabilities available to Absolute Secure Endpoint customers in the latest product release include:
  • Public API Expansion: The latest Absolute Secure Endpoint release adds new Public APIs to our existing library, allowing customers and partners to integrate our device actions into their existing workflows - significantly improving the efficiency of their existing workflows and enhancing automation capabilities.
  • Absolute Connector for ServiceNow™: The Absolute Connector for ServiceNow enables joint customers to access Absolute’s comprehensive asset intelligence and single source of truth within their ServiceNow platform environment – enabling them to efficiently respond to service requests, supplement their ServiceNow workflows, and rapidly demonstrate compliance.
  • Expanded Application Resilience™ Catalog: The Absolute Application Resilience catalog now includes support for more than 60 critical security applications that IT and security administrators can self-heal across their endpoints. Recent additions include WinMagic® MagicEndpoint™, Dell™ Trusted Device, Deep Instinct™, Norton 360™, OPSWAT™, UNOWHY™, Aranda Software™, and Pixart® MDM.

The company also announced upcoming server and client enhancements to Absolute Secure Access, including:

  • New Look and Feel: The names, status icons, fonts, and colors have been updated to reflect new product names and refreshed corporate brand; the core functionality and upgrade experience remain smooth and easy.
  • SaaS Enhancements: The SaaS offering adds native NAT capabilities and enhanced alerting.
  • Enhanced 5G Telemetry and Detection: Insights for Network dashboards that display cellular coverage, signal quality, and usage now include the 5G mid-band spectrum, and reflect improved 5G sensitivity.
  • Deeper Visibility: The Secure Access/webService API has been enhanced, offering programmatic access to key pool performance metrics, including status information for our Active/Active server infrastructure.
  • Faster NAC Checks: NAC capabilities are optimized, significantly reducing the time it takes for the VPN to connect and begin tunneling traffic.
  • Android Client Enhancements: Collecting network telemetry on Android devices can now be done with the screen off to improve battery life, ensuring that administrators have actionable device and network information even if a device is in sleep mode. The Android cryptographic libraries providing FIPS 140-2 cryptography are also updated.

The features included in the latest Absolute Secure Endpoint release are available now. For additional details, including which are available to Control, Visibility, or Resilience tier customers, visit here. The company expects to make Absolute Secure Access updates available to customers in January 2023.

About Absolute Software
Absolute Software is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by 18,000 customers, G2 recognized Absolute as a leader for the eleventh consecutive quarter in the Fall 2022 Grid® Report for Endpoint Management and as a high performer in the Grid Report for Zero Trust Networking.

Spotlight

The year of 2022 presented both new and evolving trends. We primarily recognized significant activity in five main areas – Russia’s war in Ukraine and its underground implications, the continued popularity and evolution of ransomware, the rise and endurance of initial access brokers (IABs), developments in the malware threat lan


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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Abnormal Security Redefines Cloud Email Security with the Launch of Security Posture Management to Protect Against Email Platform Attacks

Abnormal | November 16, 2022

Abnormal Security, the leading behavioral AI-based security platform, announced today its newest addition to the product portfolio as the company progresses toward delivering the most comprehensive cloud email security in the market. The latest innovation protects customers from emerging email platform attacks that are increasing in volume and severity as attackers find new ways to target organizations. The open, interconnected nature of cloud email platforms creates new entry points for attackers to exploit and manipulate—increasing the need for security tools that protect organizations from attacks beyond those that are delivered through inbound email. While advanced inbound email attacks like business email compromise and credential phishing remain the primary cloud email attack vector, accounting for $43 billion in exposed losses since 2016, this addition to the Abnormal product portfolio expands the capabilities of cloud email security to protect against side-channel attacks that directly target the entire email platform. In recent headlines, cybercriminals have exploited unguarded entry and exit points to carry out sophisticated platform attacks, including: Compromising user and administrator accounts by bypassing MFA policies Exploiting global administrator privileges by setting up tenant-wide email forwarding rules that send company emails to attacker inboxes Tricking employees into installing malicious OAuth applications through consent phishing email links disguised as file-sharing links These examples showcase the need for security tools that can detect changes to the cloud email environment and provide full visibility into the current posture. But because security teams often share responsibility for these platforms alongside IT and messaging teams, it is operationally difficult and manual to understand the full scope of potential configurations across thousands of users, third-party applications and email tenants, and manage them accordingly. “As we’ve spoken to our customers, we’ve heard increasing concerns about this next generation of attacks. Since they have implemented Abnormal to secure the inbound channel against advanced attacks such as BEC, attackers are looking for new ways to access their inboxes and email platforms. “Implementing a solution that can alert security teams to new integrated applications, over-permissioned users, and other potentially risky events will be extremely helpful to security leaders, and Abnormal is excited to evolve our inbound email security platform to provide this capability and better protect our customers from the full spectrum of attacks.” Mike Britton, chief information security officer at Abnormal Security The new Security Posture Management product from Abnormal gives security teams immediate visibility to each of the potential entry and exit points to the cloud email platform. Increased visibility begins with three new Knowledge Bases, in addition to the existing VendorBase, which present comprehensive databases of employees, third-party applications, and email tenants. Each of the three new Knowledge Bases provides the foundational visibility security teams need to understand potentially exposed surface areas in Microsoft 365 and conduct security investigations. AppBase: Provides a running inventory of all of the third-party applications that have access to data within Microsoft 365. It provides a summary of important information about application permissions and data access, as well as an activity timeline of recent events. PeopleBase: Provides a directory of each active user in the environment. It uses contextual, behavioral data to build a dynamic user genome. PeopleBase also provides an activity timeline of recent events, including sign-on patterns, suspicious email activity, and more. TenantBase: Provides a catalog of each of the email tenants Abnormal Security protects and relevant permissions governing access to them. Taking the information derived from these Knowledge Bases, the new Security Posture Management product then monitors each entity for potentially risky configuration changes. Key changes may include the escalation of administrator privileges or the integration of new unverified applications with read-write access to mailboxes. When changes occur, Security Posture Management alerts administrators so they can understand the impact and take appropriate downstream action to protect their cloud email platform from insider threats or attacker infiltration. While the monitoring and alerting capabilities of Security Posture Management are available as an add-on purchase to Inbound Email Security, Abnormal is providing the foundational visibility of its new Knowledge Bases at no cost to all customers with Microsoft 365. New Product Continues to Drive Abnormal Growth in the Email Security Market The posture management offering underscores Abnormal’s commitment to providing its customers with the most effective email security platform on the market. In recent weeks, Abnormal was named to the CNBC Top 25 Startups for the Enterprise list of companies that are best suited to meet the needs of large enterprises, as well as the Madrona Intelligent Applications 40 list for the platform’s superior capabilities in using machine learning to extract useful information from real-time and historical data. These awards highlight the continued success of the company as Abnormal continues to experience more than 2x growth per year, with notable customers including Xerox, Urban Outfitters, Royal Caribbean International, and Groupon. The company maintains a 4.8-star review on Gartner Peer Insights, with 100% recommendation from participating companies. This continued growth is driven by the recent Series C funding round in which Abnormal raised $210 million with backing from Insight Partners, Greylock Partners, and Menlo Ventures. Security Posture Management is the second major product launch in the past six months, with Abnormal releasing the Email Productivity module in August 2022. The Email Productivity add-on uses behavioral AI to filter time-wasting promotional emails away from employee and executive inboxes, automatically personalizing protection to each user based on behavior cues like folder moves. By shielding employees and executives from the growing barrage of promotional emails, including vendor cold calls, newsletters, and marketing promotions, Email Productivity saves enterprises multiple hours per employee per month. Both new products are part of the Abnormal Cloud Email Security platform, which stops the full spectrum of email-borne attacks. About Abnormal Abnormal Security provides the leading behavioral AI-based security platform that leverages machine learning to stop sophisticated inbound email attacks and dangerous email platform attacks that evade traditional solutions. The anomaly detection engine leverages identity and context to analyze the risk of every cloud email event, preventing inbound email attacks, detecting compromised accounts, and remediating emails in milliseconds—all while providing visibility into configuration drifts across your environment. You can deploy Abnormal in minutes with an API integration for Microsoft 365 or Google Workspace and experience the full value of the platform instantly.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Blackpoint Cyber Launches Three Product Features

Blackpoint Cyber | November 11, 2022

Blackpoint Cyber, a leading technology-focused cybersecurity company, has released three product features this fall, as they look ahead to 2023. “I am consistently blown away by the Blackpoint Cyber team. Our desire to improve the security posture for our partners is an ongoing journey as we continue to expand an ecosystem of products which address the needs of MSPs and customers in todays’ dynamic threat landscape. As someone with previous experience in the MSP space, it is refreshing to see how much our team really loves the channel and strives to regularly provide additional value by helping MSPs to secure themselves as well as their customers,” said Justin Weller, Director of Business Development at Blackpoint Cyber. Blackpoint partners can stay ahead of cyberthreats with the following products: Security Configuration Benchmarks for M365 – Vulnerability Mapping to CIS Benchmarks for Cloud Environments CIS foundation benchmark for M365 and Azure provide prescriptive guidance for establishing a secure baseline configuration. Blackpoint has reviewed every control on your behalf and made recommendations on several to harden your customer environments. Now you can compare your security measures to Center of Internet Security Benchmarks directly in the Blackpoint portal. Assess your standing against these internationally recognized security standards and implement the recommended changes to reduce the attack surface in cloud tenants. MDE Vulnerability Report—Security Visibility Unlocked The capabilities of Blackpoint’s product bundle, Blackpoint Response, have grown. With Managed Defender for Endpoint, we've introduced internal vulnerability reporting to help you better assess your customers’ security posture, directly within the portal. The reports include recommendations for remediation and simplify the process to action them. Improvements based on the reports may pertain to expiring certificates, device exposure, or vulnerable software. macOS Agent—The Power of MDR Within Your Mac After many requests from their partner community, due to a lack of true Mac MDR, Blackpoint’s flagship MDR product, SNAP-Defense, is now available to monitor and respond to threats on Apple devices running macOS. As the macOS market share in business settings continues to grow, Blackpoint partners now have the capability to provide protection to those assets. About Blackpoint Cyber Blackpoint Cyber offers the only world-class, nation-state-grade cybersecurity ecosystem serving the MSP community. Using its own software and SOC, Blackpoint’s true 24/7 MDR service not only detects breaches earlier than any other solution on the market, but also provides an actual response rather than just an alert to keep your and your clients’ networks safe from widespread damage.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Fordefi Raises $18M Seed Round to Launch Institutional DeFi Wallet and Security Platform

Fordefi | November 09, 2022

Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm's initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital and StarkWare. "The Fordefi team is bringing to market a solution that addresses two of the biggest challenges in DeFi today: institutional-grade security and smart contract transparency," said Sam Harrison, Senior Advisor at Lightspeed Venture Partners and Managing Partner at Faction. "We are excited to support an experienced team bringing a powerful solution to market that directly solves pain points that have held institutions back from achieving the full potential of decentralized finance." "Wallet hacks made major headlines this year. Until now, decentralized finance was missing a secure, stable, and seamless way to connect to dApps," said Ken Deeter, Partner at Electric Capital. "Fordefi's single-browser extension paired with a top-notch institutional grade MPC wallet platform will unlock opportunities across DeFi for all crypto-native institutions. We're excited to be part of Fordefi's journey, as an investor, design partner and customer." Introducing the Fordefi Platform Co-founders Josh Schwartz, CEO, Dima Kogan, CTO, and Michael Volfman, Vice President of Research and Development, began developing the Fordefi platform in 2021, an unprecedented year for crypto adoption, as institutions took notice of the explosive growth and massive volumes of digital assets moved into the markets. A boom in the development of new blockchains and decentralized applications created opportunities for investing that institutions could not safely participate in, as available wallets had been designed years before and lacked the technology to securely and confidently connect them. "Decentralized finance is evolving quickly and its complexities require a dynamic solution," said Schwartz. "Legacy wallet providers are unable to meet the needs of institutions that want to access the new opportunities DeFi has created while ensuring their assets are protected. Fordefi has taken a DeFi-first approach and has built a solution engineered for how clients interact with dApps." "DeFi transactions are much more complex than simple asset transfers, and that's the key to DeFi's exciting new opportunities," said Kogan. "Unfortunately, this complexity also brings with it many new security risks. Fordefi enables institutions to interact with DeFi applications with increased operational efficiency and security through in-depth visibility into each transaction and the ability to set the right controls." A first of its kind wallet and security platform, Fordefi enables market participants to easily and securely connect to decentralized applications. Fordefi's platform is the only institutional MPC wallet on the market built for firms transacting on decentralized applications across blockchains. The solution delivers a previously unavailable degree of insight into transactions, translating smart contracts into language that users can understand, simulating every transaction in advance and independently verifying dApp names. Its advanced MPC key management capabilities are built to protect against any single point of failure, and the platform's unique policy management capabilities offer users the ability to create and define their own workflows, proactively protecting themselves from both internal and external vulnerabilities. "Fordefi has been a tremendous addition to our DeFi workflow. We've seen accelerated deployment efficiency across a comprehensive set of on-chain opportunities, alongside enhanced user intuitiveness and without compromising security." Shane Al, Head of Investments at Arc Capital and Fordefi design partner. "The Fordefi platform provides robust solutions for institutions to access thousands of DeFi opportunities with the highest levels of security. The platform is extremely customizable and allows us to manage our own policies and controls, ensuring a balance between flexibility and security - crucial for liquid fund strategies." Jacob Goh, Head of Operations & Investor Relations at DeFiance Capital, Fordefi investor and design partner. About Fordefi Fordefi's MPC wallet platform and Web3 gateway enables institutions to seamlessly connect to dApps across a wide range of chains while keeping digital assets secure. Fordefi is the first institutional MPC wallet and security platform built for decentralized finance (DeFi), offering MPC key management, self-serve DeFi policy controls, time-of-transaction smart contract insights, transaction simulation and risk alerts. Fordefi was founded in 2021 by crypto custody and cybersecurity experts, and designed in close collaboration with industry-leading trading firms, funds and custodians. Fordefi is a financial technology and software company with offices in New York and Tel Aviv. About Fordefi's Founders Josh Schwartz, Dima Kogan and Michael Volfman founded Fordefi after establishing themselves with decades of experience as leaders in crypto, cybersecurity, and financial services. Schwartz served as Chief Operating Officer at Curv, an institutional MPC wallet acquired by PayPal in 2021, and was Vice President of Sales at digital custody platform BitGo. Dr. Kogan's career spans more than 15 years in academia, industry and government. He received his PhD from Stanford with a specialization in applied cryptography and was awarded the "Best Young Researcher" prize at Eurocrypt 2018, the Theory of Cryptography Conference 2019, and Eurocrypt 2020. Volfman is an engineering manager with 20 years of experience in cybersecurity, serving as Vice President of R&D at Toka, was Chief Technology Officer and co-founder of an edtech startup, and a Director at Guardicore.

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PLATFORM SECURITY

Wib Forges Partnership with SecureIT to Accelerate API Security Across Nordics

SecureIT | December 14, 2022

Wib, the fast-growth cybersecurity startup pioneering a new era in API security, today announced a strategic partnership with SecureIT to accelerate its go-to-market momentum across the Nordics region. Based in Iceland, SecureIT is a leading provider of cybersecurity compliance, consulting and managed services to international financial institutions, airlines, large retailers, utility, biotech and healthcare, as well as multiple entities in the critical infrastructure and the government. In the wake of its recent launch and $16 million funding, Wib is actively investing in building out an international channel ecosystem of specialist cybersecurity partners to expand its reach, drive growth and leverage growing market demand for API security. The partnership with SecureIT gives access to Wib's industry-first holistic API security platform and recently launched API PenTesting-as-a-Service (PTaaS) capabilities, helping organisations across the region identify API vulnerabilities, defend against the growing tide of API based attacks and meet increasingly API centric regulatory compliance standards such as PCI DSS. "Building out our channel ecosystem is a strategic priority for Wib as we look to scale our go-to-market presence across key international territories, SecureIT has a trusted brand and strong reputation across the Nordics region with a dynamic team of qualified and experienced security and compliance professionals. Its consultative-led approach, strong compliance expertise and managed services capabilities made them the ideal partner for us and we're looking forward to a mutually beneficial relationship." -Ran Ohayon, CRO at Wib. The Nordic countries are synonymous with innovation and entrepreneurship, with an early-adopter mentality and pioneering spirit when it comes to new technologies,"explained Magnús Birgisson, CEO at SecureIT. However, where innovation leads insecurity tends to follow. APIs are critical in driving the modern applications and innovative new web services many organisations use today, but many are undetected, unmanaged and unprotected, creating vulnerability and risk. Our mission is to deliver cyber resilience to our customers across the region and our partnership with Wib is a great addition to our portfolio and will help us achieve this mission. Wib's holistic API security platform provides complete visibility across the entire API landscape, from code to production. By delivering rigorous real-time inspection, management, and control at every stage of the API lifecycle, Wib can automate inventory and API change management; identify rogue, zombie and shadow APIs and analyse business risk and impact, helping organisations to reduce and harden their API attack surface. Wib's new PTaaS solution combined with its API security platform, is the only offering that provides complete visibility, automatic inventory, auto-generated API documentation, and simulated attacks against test and/or production systems. About SecureIT: SecureIT is a leader in cyber security consultation, compliance and managed security services. Founded in early 2017, SecureIT has worked with multiple international financial institutions, airlines, large retailers, utility, biotech and healthcare, as well as multiple entities in the critical infrastructure and the government. SecureIT focuses on providing exceptional quality services, and to help the customer reach and maintain the desired and necessary security posture. SecureIT offers tailored consultation, assessments and audits, security testing and verification services, risk management and cyber threat intelligence services, along with extensive 24/7 monitoring, detection and response services, managed endpoint protection, API security and DDoS mitigation assessments and simulations. Meeting compliance, contractual and regulatory requirements is critical in today's business environment. About Wib: Wib is pioneering a new era in API security with its industry first holistic API security platform. Providing continuous and complete visibility and control across the entire API ecosystem, Wib enables developers to code with confidence and security teams to secure with surety. Wib's elite team of developers, attackers, defenders and seasoned cybersecurity professionals draw on real-world experience and expertise to help define and develop innovative technology solutions that enable customers with the identity, inventory and integrity of every API, wherever it may be within the development lifecycle, without compromising development or stifling innovation.

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Spotlight

The year of 2022 presented both new and evolving trends. We primarily recognized significant activity in five main areas – Russia’s war in Ukraine and its underground implications, the continued popularity and evolution of ransomware, the rise and endurance of initial access brokers (IABs), developments in the malware threat lan

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