DATA SECURITY

CyCognito Teams with Intel 471 to Bolster Cyber Threat Intelligence Capabilities

CyCognito | December 13, 2021

CyCognito
CyCognito, the leading provider of external attack surface management and attack surface protection solutions, today announced that it has established a new alliance with Intel 471, a premier cybercrime intelligence provider.

CyCognito addresses a fundamental security gap created when organizations use the internet to create IT ecosystems that span on-premises, cloud, partner and subsidiary environments. In licensing the threat intelligence collected by Intel 471, CyCognito is further enabling enterprise customers to strengthen their cybersecurity postures through the proactive detection and containment of targeted and advanced threats.

“CyCognito is committed to helping businesses prevent breaches by providing them with unparalleled attack surface visibility, data exposure, and risk detection across previously unknown and unmanaged assets,Our partnership with Intel 471 expands these capabilities, giving us the ability to provide our customers and partners with curated data and insights around new and emerging cyber threats, that are both richer and more relevant to their businesses. This in turn will help them customize their cyber defenses and improve their ability to successfully identify and address cyber risk within their organizations.”

Rob Gurzeev, CEO and co-founder of CyCognito

Intel 471 CEO Mark Arena says, “As we’ve witnessed, businesses often find themselves falling behind the onslaught of threats and victim to cyber attacks—regardless of preparedness and adequate defenses. This alliance between Intel 471 and CyCognito will arm organizations worldwide with threat intelligence to combat sophisticated cybercriminals by identifying, prioritizing, and preventing attacks before they happen.”

About CyCognito
CyCognito solves one of the most fundamental business problems in cybersecurity: seeing how attackers view your organization, where they are most likely to break in, what systems and assets are at risk and how you can eliminate the exposure. Founded by national intelligence agency veterans, CyCognito has a deep understanding of how attackers exploit blind spots and a path of least resistance. The Palo Alto-based company is funded by leading Silicon Valley venture capitalists, and its mission is to help organizations protect themselves from even the most sophisticated attackers. It does this with a category-defining, transformative platform that automates offensive cybersecurity operations to provide reconnaissance capabilities superior to those of attackers.

About Intel 471
Intel 471 empowers enterprises, government agencies, and other organizations to win the cybersecurity war using near-real-time insights into the latest malicious actors, relationships, threat patterns, and imminent attacks relevant to their businesses.

The company’s TITAN platform collects, interprets, structures, and validates human-led, automation-enhanced results. Clients across the globe leverage this threat intelligence with our proprietary framework to map the criminal underground, zero in on key activity, and align their resources and reporting to business requirements. Intel 471 serves as a trusted advisor to security teams, offering ongoing trend analysis and supporting your use of the platform.

Spotlight

Building a business case to justify fraud-prevention technology investments is, unfortunately, not as straightforward as one might expect. The impact of online fraud on a financial institution is multifaceted and complex.


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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Balbix Announces Cybersecurity Posture Automation Support for Google Cloud Platform

Balbix | November 17, 2022

Balbix, provider of the world's leading platform for cybersecurity posture automation, announced today the general availability of support for Google Cloud Platform (GCP). Security teams can now use Balbix to easily quantify, prioritize and mitigate risks in their Google Cloud environments. With this announcement, Balbix has also extended its Cyber Asset Attack Surface Management (CAASM) solution to support multi-cloud environments that span both GCP and Amazon Web Services. The rapid move to the cloud has made IT environments more complex to manage and secure. As a result, security teams struggle to get a consolidated view of risk. Yet, 63 percent of organizations say they look at security posture in the cloud separately from on-premises, according to Cybersecurity Insiders' 2002 State of Security Posture Report. "Our customers' environments can include over 1 million assets, spread across multiple clouds and their own facilities. Managing an attack surface this large is no longer a human-scale problem. "With Balbix's new support for GCP, our customers can use automation to manage cybersecurity posture across more of their environment." Gaurav Banga, Founder and CEO of Balbix Cyber Security Posture Automation for Google Cloud Platform Balbix now provides support for popular Google Cloud services, including Compute Engine, Cloud Storage, Cloud SQL, Google Kubernetes Engine (GKE) Cluster & Deployments, Cloud Functions, Cloud Key Management Service (KMS), Pub/Sub and Secret Manager. As a result, Balbix customers with Google Cloud environments can use automation and advanced analytics to: Get comprehensive, near real-time visibility of their Google Cloud assets. Combine data from Google Cloud with their other IT and security tools to gain security and business context for their assets. Discover misconfigurations – the most exploited attack vector for the cloud – as well as unpatched software vulnerabilities, weak credentials and trust issues. Measure risk in terms of breach likelihood and business impact in order to prioritize remediation. Calculate and report on cyber risk quantified in dollars (or other currencies) instead of risk scores Cyber Asset Attack Surface Management for Multi-Cloud Environments The addition of support for GCP extends Balbix's CAASM solution to multi-cloud environments. Security practitioners no longer need to use multiple tools or combine data manually from these tools in a custom spreadsheet to understand their security posture. They can see the relationships between assets, applications and users no matter where the assets are in the cloud or on-premises. They can also identify any gaps in coverage for security controls. Balbix provides more than just visibility. Unlike other vendors, Balbix combines CAASM with Risk-Based Vulnerability Management (RBVM) and Cyber Risk Qualification (CRQ) solutions so security teams are able to immediately take action to reduce their cyber risk. They can continuously identify, prioritize and mitigate security issues as they emerge, while quantifying and tracking residual cyber risk in dollars. Daily cybersecurity decisions – operational as well as executive – can be made using a unified and up-to-date view of cyber risk. "By adding support for Google Cloud, Balbix has broadened its risk model to be inclusive of multiple public cloud platforms and allowed organizations to better measure their overall cyber risk," said Ed Amoroso, Founder and CEO of research and advisory firm TAG Cyber. "Customers can leverage this unified risk model to quantify cyber risk by business unit, geography, site, asset type or business owner – and quickly remediate those risks." The API-based Balbix Connector for Google Cloud Platform collects asset inventory and misconfiguration data and is available now. Visibility into other types of vulnerabilities is provided by optional Balbix sensors. These sensors also catalog the software bill of materials (SBOM) of applications running in GCP. Data collected by Balbix connectors and sensors is automatically deduplicated, correlated and inferenced to provide security teams with an accurate and unified view of risk. About Balbix Balbix enables businesses to reduce cyber risk by identifying and mitigating their riskiest cybersecurity issues faster. Our SaaS platform, the Balbix Security Cloud™, ingests data from businesses' security and IT tools so they can understand every aspect of their cybersecurity posture, build a unified cyber risk model and obtain actionable insights for risk reduction. With Balbix, businesses can automate inventory of their cloud and on-premise assets, conduct continuous risk-based vulnerability management and quantify cyber risk in dollars. Executives and operational teams can make cybersecurity decisions based on data not opinions.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Sentra Joins Cloud Security Alliance

Sentra | November 04, 2022

Sentra, a cloud data security company, today formally announced that it has joined the Cloud Security Alliance (CSA), the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. Backed by Bessemer Venture Partners and Zeev Ventures, Sentra enables security teams to gain full visibility and control of cloud data, as well as protect against sensitive data breaches across the entire public cloud stack. The company was recently recognized by Gartner® as a Sample Vendor for Data Security Posture Management in the Hype Cycle™ report for Data Security 2022.1 "As enterprise cloud adoption has accelerated across industries over the past two years, data security has become an inevitable challenge for all organizations –– Sentra's platform takes the guesswork out of what data needs to be protected. "We look forward to collaborating with CSA's extensive network of industry peers to create a secure cloud environment for all organizations. With Sentra's new North American headquarters in New York City, we're eager to align our product mission and security expertise with CSA's initiatives as we expand our global customer base." Yoav Regev, co-founder and CEO of Sentra "We're excited to welcome Sentra as a member of CSA," said Jim Reavis, co-founder and CEO of the Cloud Security Alliance. "Sentra's visibility-driven data security platform and its founders' decades of cyber security experience are an asset to our organization. We look forward to collaborating with Sentra to increase awareness of the importance of data protection in the cloud." 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. 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 & Advisory 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. About Sentra Sentra is a cloud data security platform that helps organizations discover and remediate the top data security risks in their public cloud. Sentra automatically detects if sensitive data is vulnerable due to misconfigurations, over-permissions, unauthorized access, data duplication or other security issues. The company was founded in 2021 in Tel Aviv, Israel, and has raised $23 million in seed funding to date. The company is now co-headquartered in New York City and Tel Aviv. About the Cloud Security Alliance The Cloud Security Alliance (CSA) is the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA's activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provide a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem.

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SOFTWARE SECURITY

Keeper Security Releases iOS Updates for One-Time Share and Siri Shortcuts

Keeper Security | December 15, 2022

Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, secrets and connections, today announced their latest iOS updates which include integration of the One-Time Share feature, which enables secure record sharing on a time-limited basis, using Keeper's zero-knowledge encryption and zero-trust security model. Keeper also now integrates with Siri Shortcuts, providing users with a quicker way to control their Keeper Password Manager. Keeper One-Time Share is the easiest and most secure way to send confidential information to a friend, family member or co-worker without exposing sensitive information over email, text or other forms of messaging. One-Time Share links are restricted to the recipient's device and automatically expire at a time of the Keeper user's choosing. One-Time Share records can only be used on one device. Even if the user forgets to unshare the record, it will expire automatically, and the recipient's access will be revoked. With Siri Shortcut integration, users will be able to quickly get things done on Keeper's Password Manager by asking Siri. "Keeper is thrilled to provide iOS users with this rich feature set that maximizes the security capabilities of their iOS devices, With One-Time Share, iOS users can securely share critical information, whether that's a family sharing their WiFi password with a friend or a security system code with a houseguest. Additionally, Siri integration allows users to control Keeper more easily with voice commands." Craig Lurey, CTO and Co-founder of Keeper Security. About Keeper Security: Keeper Security is transforming the way people and organizations around the world secure their passwords, secrets and confidential information. Keeper's easy-to-use cybersecurity platform is built on a foundation of zero-trust and zero-knowledge security to protect every user on every device. Our solution deploys in minutes and seamlessly integrates with any tech stack to prevent breaches, reduce help desk costs and ensure compliance. Trusted by millions of individuals and thousands of organizations globally, Keeper is the leader for best-in-class password management, secrets management, privileged access, secure remote access and encrypted messaging.

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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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Spotlight

Building a business case to justify fraud-prevention technology investments is, unfortunately, not as straightforward as one might expect. The impact of online fraud on a financial institution is multifaceted and complex.

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