DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Concentric AI | August 29, 2022
Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management, today announced it has been listed as a Sample Vendor in the newly created Data Security Posture Management category in the recently published Gartner Hype Cycle for Data Security, 2022 report.1 Concentric AI also appears in the Data Access Governance and Data Discovery and Management categories in the Gartner Hype Cycle for Data Security, 2022 report.1
According to the Hype Cycle for Data Security, 2022: “Data security posture management (DSPM) provides visibility as to where sensitive data is, who has access to that data, how it has been used and what the security posture of the data store or application is.”1 Organizations use DSPM as the basis for data risk assessment and to optimize data security governance implementations.
The new Data Security Posture Management category has a Benefit Rating of Transformational, which Gartner defines as, “Enables new ways of doing business across industries that will result in major shifts in industry dynamics.”1
According to Gartner: “Organizations face challenges mitigating data security and privacy risks as data rapidly proliferates across multi-cloud and hybrid IT architectures. Identifying meaningful data risk is impossible to solve without combining metrics from data sensitivity, data lineage, infrastructure configurations that create data risks and access risk into a common view. This is an urgent problem that is encouraging rapid growth in the availability and maturation of this technology.”1
“We believe being recognized by Gartner as a Sample Vendor in Data Security Posture Management validates that organizations need visibility of into their sensitive data across datasets and locations, as well as a consolidated view into the risk associated with inconsistent access privileges, permissions, activity, and location to protect their data from loss. “Organizations using Concentric AI benefit from the company’s AI-assisted deep learning autonomous data security solution to reduce their data risk by discovering, evaluating, and remediating security issues.”
Karthik Krishnan, Founder and CEO, Concentric AI
Concentric AI secures data-centric work using AI to protect business-critical information hidden in the millions of files and databases used by today’s distributed workforce. The company’s unique deep learning solution autonomously and accurately finds sensitive content, assesses risk, and remediates security issues, allowing organizations across industries to meet their data security needs for the first time.
Concentric AI’s Semantic Intelligence™ automates unstructured and structured data security using deep learning to categorize data, uncover business criticality and reduce risk. Its Risk Distance™ analysis technology uses the baseline security practices observed for each data category to spot security anomalies in individual files. It compares documents of the same type to identify risk from oversharing, third-party access, wrong location, or misclassification. Organizations benefit from the expertise of content owners without intrusive classification mandates, with no rules, regex, or policy maintenance needed.
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 and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Concentric AI
With Concentric AI, organizations can finally address their unmet data security needs by discovering and protecting business-critical content. Concentric AI protects intellectual property, financial documents, PII/PCI content, customer data, business confidential data and more, across on-premises and cloud-based data stores, as well as messaging and communication applications. The Concentric AI Semantic Intelligence™ Data Security Posture Management solution uses deep learning and Risk Distance™ analysis to accurately categorize data, assess risk, and remediate security issues – without relying on upfront rules or complex configuration. Concentric AI is venture-backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
PlainID | September 05, 2022
PlainID, the Authorization Company™, announces today the release of "Build vs Buy: Guide to Evaluating Authorization" in collaboration with Simon Moffatt, founder and analyst of The Cyber Hut.
The increase in remote work and digital commerce has created a proliferation of digital identities which demand secure, frictionless access to applications and the underlying data.
The guide is designed to address and inform on key criteria when considering whether to build and maintain authorization policies "inside" an application vs leveraging the benefits of an external authorization engine.
The need for functionally rich applications capable of operating in a digitally optimized computing architecture has motivated enterprises to consider migrating their legacy, internally developed policies to an Authorization Platform such as PlainID.
"Externalized Authorization is now an essential part of the security arsenal - foundational for agile business operations - allowing the modern enterprise to share data, assets and applications to a range of new stakeholders," said Simon Moffatt. "This guide aims to empower the buyer on a range of topics associated with next generation authorization. It will hopefully be a great asset to the security executive and practitioner alike."
Numerous industry analysts are recommending externalizing authorization and authentication as a means to increase an enterprise's security resilience and a prerequisite to creating a Zero Trust architecture.
"PlainID is more than delighted to collaborate with Simon and The Cyber Hut. We strongly believe in the virtue of thought leadership and the importance of this subject matter. The power and broad value of authorization are just beginning to be realized, and our hope is that this guide helps firms make informed decisions."
Tom Ammirati, PlainID's Chief Revenue Officer
PlainID helps businesses advance and modernize by simply and securely connecting identities of all types with the digital assets they need to do their jobs, accomplish tasks at scale, and conduct digital commerce. By making authorization decisions simple, smart, granular, and contextual, PlainID helps enterprises achieve a positive and measurable impact on user experience, enterprise security, and data privacy.
Powered by policy-based access control (PBAC), leading-edge features include PlainID's Centralized Management Dashboard, which provides users the ability to create and manage enterprise-wide authorization policies from a central point while maintaining distributed enforcement capabilities. The Platform provides out-of-the-box PlainID Authorizers™ that address common authorization patterns for API gateways, microservices, data, and applications.
PlainID Inc. The Authorization Company™, is the recognized leader in Authorization as a Service powered by Policy Based Access Control (PBAC). PlainID's simple, straightforward solution to authorization management enables organizations to create, manage and enforce authorization policies across an enterprise. By securely connecting identities to digital assets via PlainID Authorizers, firms can meet the digital demands of user journeys, enable zero trust architectures and provide data security. The PlainID Authorization Platform enables rapid business growth by connecting new and legacy technologies with the latest and most advanced authorization features.
DATA SECURITY, ENTERPRISE IDENTITY
SandboxAQ | September 14, 2022
SandboxAQ, an enterprise SaaS company delivering the compound effects of AI and Quantum tech (AQ) to governments and the Global 1000, today announced it has acquired Cryptosense, a leading cybersecurity and encryption analysis software company. SandboxAQ's acquisition comes just weeks after the company unveiled its Strategic Investment Program and initial investment in evolutionQ.
The acquisition of Cryptosense complements and accelerates the deployment of SandboxAQ's Post-Quantum Cryptography (PQC) solutions to corporations and government institutions worldwide. SandboxAQ's cybersecurity products enable large enterprises to scale cryptography management across their IT infrastructure, providing CISOs with a single, 360° view of how encryption is used throughout the enterprise – a critical first step in migrating to PQC.
This migration to stronger cybersecurity is important for critical infrastructure sectors such as financial services, technology, energy, biopharma, logistics, and government.
Cryptosense is used by leading technology and financial services organizations and is a fellow NIST NCCOE partner. The combined customer relationships will help SandboxAQ bring its PQC solutions to market faster and protect these organizations and their customers from existing and emerging quantum threats, such as Store Now, Decrypt Later (SNDL) attacks.
"Rapid advances in quantum computing and AI challenge the effectiveness and performance of existing cryptography-based cybersecurity solutions. The combined leadership, talent, and expertise that SandboxAQ and Cryptosense bring to the marketplace accelerates the deployment of more effective cryptography solutions to protect the world against the security threats of today and tomorrow," said Jack D. Hidary, CEO of SandboxAQ. "The caliber of the Cryptosense team is recognized throughout the information security community, with the leadership by Graham Steel and Clément Jeanjean. We welcome Cryptosense to the SandboxAQ family and look forward to our continued success as one company."
"The complementary functionality and expertise between Cryptosense and SandboxAQ enables us to build and deliver SaaS solutions at scale with higher touch customer service. PQC implementation is critical to protect the world's sensitive data and together we will make a greater impact."
Dr. Graham Steel, Cryptosense founder
Cryptosense was advised by Stifel and Hogan Lovells and SandboxAQ was advised by Morgan Lewis.
SandboxAQ is an enterprise SaaS company, providing solutions at the nexus of AI and Quantum technology (AQ) to address some of the world's most challenging problems. The company's core team and inspiration formed at Alphabet Inc., emerging as an independent, growth-capital-backed company in 2022.
Cryptosense is an enterprise SaaS company that helps organizations identify and catalog the cryptography leveraged within their applications and infrastructure. Some of the largest technology and financial services companies worldwide use Cryptosense for their cybersecurity needs. Cryptosense announced a $4.8 million funding round in May 2021 backed by Amadeus Capital Partners, Elaia Partners and BGV.
DATA SECURITY, SOFTWARE SECURITY
Rubrik | September 01, 2022
Rubrik, the Zero Trust Data Security™ Company, today announced it surpassed $400 million in software subscription annual recurring revenue (ARR) to date, growing over 100 percent year over year. The company has achieved a net dollar retention rate greater than 140 percent based on its ability to retain customers and expand within the customer base. Today, over 4,500 customers around the world and across multiple industries rely on Rubrik to help them secure their data and keep their business running, including BMO Financial Group, Citigroup, Estee Lauder, Fiserv, The Home Depot, and many others.
The company also announced the launch of Rubrik Zero Labs, Rubrik’s new cybersecurity research unit to analyze the global threat landscape, report on emerging data security issues and give organizations research-backed insights and best practices to secure their data against the increasing threat of cyber events.
“There is no industry, government, or company that is immune to cyberattacks. These threats continue to increase in volume and sophistication and have the power to bring entire organizations to their knees. “We are striking a chord with organizations globally because they need a better strategy to protect their data. With Rubrik, they are better able to secure their business from ongoing cyber events.”
Bipul Sinha, CEO and Co-Founder of Rubrik
Cybersecurity Veteran Steven Stone Joins as Head of Rubrik Zero Labs
Today Rubrik announced it has named Steven Stone as the Head of Rubrik Zero Labs. Stone will lead Rubrik’s new data threat research unit to uncover real-world intrusions from a range of threats including espionage-based data breaches to ransomware attacks, and to inform customers and partners of the best ways to proactively address risk in their business operations. He has over 15 years of experience in threat intelligence with roles in the U.S. military, intelligence community, and private sector, including Mandiant/FireEye and IBM. Most recently, he was Vice President of Adversary Operations at Mandiant, leading global teams who were responsible for adversary hunting, attribution, and data collection efforts.
“Data and insights are critical for understanding, responding, preventing, and recovering from cyber events. In many cases, the data aspects are the least understood across the threat landscape, and we want to close this delta. Comprehensive threat intelligence will enable organizations to make informed decisions so they can be prepared for a full swath of cyber threats,” said Stone. “I’m thrilled to pioneer the data threat intelligence unit at Rubrik and help to deliver valuable insights to our customers and the cybersecurity industry so that together we can stay ahead of the evolving data threat landscape.”
Rubrik has also achieved a number of recent industry recognitions, landmark accomplishments, and launches including:
Launched Rubrik Security Cloud to secure customers’ data wherever it lives across enterprise, cloud, and SaaS while delivering data resilience, data observability, and data recovery
Grew the leadership team by appointing Mike Mestrovich as Chief Information Security Officer (CISO), following his role as CISO at the Central Intelligence Agency (CIA). Appointed Chris Krebs — former director of the U.S. Cybersecurity and Infrastructure Agency (CISA) — as Chair of Rubrik’s new CISO Advisory Board, where he will assemble some of the nation’s top CISOs to facilitate information exchange and thought leadership in data security. Rubrik also named Ghazal Asif, who previously served as Google’s Head of Channel for EMEA, as Head of Global Partners and Alliances
Named a Leader in the 2022 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions, positioned the furthest overall in Completeness of Vision for third year in a row
Rubrik ranked amongst highest scoring 3 vendors for all Use Cases in 2022 Gartner® Critical Capabilities™ for Enterprise Backup and Recovery Software Solutions for 2 consecutive years
Received numerous industry accolades, including placement on the Forbes Cloud 100 for the sixth year in a row, and distinction as winner of the Global InfoSec Awards as Hot Company in Data Security
Rubrik is a cybersecurity company, and our mission is to secure the world’s data. We pioneered Zero Trust Data Security™ to help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.