DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
OneSpan | September 19, 2022
OneSpan™ , the digital agreements security company, today announced the general availability of its secure Virtual Room cloud service which enables organizations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment. This next-generation customer engagement solution gives organizations the ability to balance identity security, authentication, and e-signature solutions from the broader OneSpan portfolio with a high-assurance virtual experience that is the next best thing to entering a branch or meeting in person. Virtual Room complements digital-first transaction experiences by providing a unique opportunity for organizations to create personalized, high-touch, human-assisted interactions, and by improving the customer experience, increasing agreement completion rates, and reducing security risks and fraud.
“Today, businesses requiring a high degree of security and regulatory compliance rely daily on a variety of technologies that use insecure, shared links and expose users to elevated risks including data breaches and compliance violations in the anywhere economy. This should not be the case. Organizations and their customers want to be confident that the person joining a virtual meeting is the person they claim to be. And multi-million dollar business agreements transacted digitally should not be subject to fraud fallout. “Today’s off-the-shelf video conferencing tools do not offer optimal security. As the complexity and value of transactions increase, customers want a live interaction rather than relying on a virtual assistant or self-service experience. We built Virtual Room for these scenarios to help our customers complete an agreement or transaction where they need a personal touch and where security is paramount.”
Matthew Moynahan, President and CEO at OneSpan
Combining OneSpan’s heritage in high-assurance identity verification and authentication with agreement co-browsing, web-enabled videoconferencing, rich collaboration features, and built-in e-signature, Virtual Room helps organizations engage and transact with customers with confidence. Virtual Room can be used for multiple high-value customer agreements, including account opening and maintenance, wealth management, and car financing.
Virtual Room enables organizations to:
Verify the identities of participants, utilizing OneSpan’s identity verification and mobile and hardware authentication solutions;
Interact with signers remotely;
Simultaneously review documents and address questions;
Capture legally binding e-signatures in real-time; and
Record virtual sessions to reinforce the electronic evidence captured in the audit trails.
A recent report from Aragon highlighted the need for higher assurance within these processes. “It’s important for buyers to look for a provider that has global security compliance expertise in all aspects of the workflow, from the initial identity verification and authentication steps, to creating a secure virtual interaction environment and all the way through to securing the final output or artifact of the transaction, for compliance and enforceability purposes. Equally important, buyers should look for a vendor that has the flexibility to adapt any step in the digital workflow to meet local regulations for digital identity, secure customer authentication, transaction risk analysis, and the many other security requirements, which differ from one country to the next.”
As a secure solution for customer-facing digital agreements where the integrity of the agreement is paramount, Virtual Room allows organizations to embrace a new way of working that’s more distributed, virtual, and dynamic, enabled by advancements in cloud technology. With the onset of the anywhere economy, and with more transactions being completed online, identity verification and authentication technologies are critical in the digital agreements process. This purpose-built, high-assurance digital agreement solution includes identification and authentication capabilities that enable organizations to increase the integrity and completion rates of agreements and transactions in a highly-secure and protected ecosystem without impacting user experience or productivity.
About OneSpan
OneSpan helps organizations accelerate digital transformations by enabling secure, compliant, and refreshingly easy customer agreements and transaction experiences. Organizations requiring high assurance security, including the integrity of end-users and the fidelity of transaction records behind every agreement, choose OneSpan to simplify and secure business processes with their partners and customers. Trusted by global blue-chip enterprises, including more than 60% of the world’s largest 100 banks, OneSpan processes millions of digital agreements and billions of transactions in 100+ countries annually.
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DATA SECURITY, ENTERPRISE IDENTITY
Cervello | October 19, 2022
Cervello, a global leader in rail cybersecurity, announced today a new strategic partnership with ST Engineering, a global technology, defense, and engineering group, to incorporate ST Engineering’s cybersecurity services as part of Cervello's patented rail security solution for rail operators and infrastructure managers. This partnership, which has already proven its value by securing the operations of one of the busiest rail networks in APAC, enhances Cervello's ability to offer and support its solution globally.
“We are pleased to officially announce our already proven strategic cooperation with ST Engineering, a proven technology and engineering powerhouse, as a significant step toward Cervello's continued global expansion,” states Roie Onn, Cervello's CEO & Co-Founder. “Combining ST Engineering’s decades of experience in empowering cyber resilience across various sectors, together with Cervello’s unparalleled expertise in rail-specific security, we are able to globally support rail organizations with cybersecurity solutions and services that enable them to operate more safely and efficiently.”
“Threats in the cyber-physical world are growing at an exponential rate and conventional ways of securing systems and assets are no longer sufficient. “The joint cybersecurity capabilities of ST Engineering and Cervello allow us to build a more comprehensive effective suite of cybersecurity rail solutions that is reliable and ensures business continuity for rail operators."
Goh Eng Choon, President, Cyber, ST Engineering
About Cervello
Cervello accelerates rail digital transformation by securing the industry’s infrastructure and operations from cyber threats. Cervello offers the industry's leading dedicated rail security platform, enabling rail companies to safely deliver connected service. Cervello’s platform gives you the confidence to see, secure, and manage all assets connected to your critical network, combining OT, IoT, IT and physical systems, and turn the associated data into a powerful resource. This means the end of any compromise between security, safety and usability – put simply, this allows you to operate with confidence. The world’s leading rail operators and infrastructure managers trust Cervello to minimize threats and prevent cybersecurity incidents, thereby increasing their safety, reliability, business continuity and service availability.
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DATA SECURITY, NETWORK THREAT DETECTION, PLATFORM SECURITY
Pathlock | September 27, 2022
Pathlock, the leading provider of application security and controls automation for critical business applications, today announced the acquisition of Grey Monarch, a UK-based specialist SAP Partner dedicated to SAP Process Automation. The acquisition will strengthen Pathlock's vision of providing the industry's most complete 360-degree platform for application security and controls automation for the SAP ecosystem.
Since 2008, Grey Monarch has developed expertise in SAP Security, Segregation of Duties, SAP Licence Optimization, SAP Background Processing Automation and Secure Managed File Transfer. With this acquisition, the SAP community will benefit from the very best SAP Process Automation advice, implementation skills, and software and training capabilities, improving levels of security, enhancing their users' experience and streamlining audit, compliance and control procedures.
"It's now more imperative than ever for organizations to utilize a holistic view of user access and privileges so they can be managed, monitored and controlled to ensure the maximum protection of data, business processes and intellectual property," said David Lloyd, Director and Co-Founder, Grey Monarch. "Combining Grey Monarch's capabilities with the Pathlock family of expertise, resources and product portfolio will provide our customers, existing and new, with an unsurpassed visibility into their business applications."
"We're thrilled to complete the acquisition of Grey Monarch. "We continue to see a strong demand for our globally recognized application security and controls automation solutions, and know that with Grey Monarch's specialization in SAP process automation we can continue to enable our global customers to revolutionize the way they secure their sensitive financial and customer data."
Piyush Pandey, CEO of Pathlock
In May 2022, Pathlock announced a $200M capital raise sponsored by Vertica Capital Partners alongside a merger with Appsian and Security Weaver and the acquisition of Belgium-based CSI Tools and Germany-based SAST SOLUTIONS. The company has successfully doubled in size in terms of revenue and employees and is now servicing over 1,400 customers across all major industries on a global scale with offices across the United States, Belgium, the UK, Germany, Israel and India.
About Pathlock
Pathlock is the leader in application security and controls automation. With Pathlock, enterprises can manage all aspects of access governance via a single platform, across applications, including user provisioning, ongoing User Access Reviews, segregation of duties, control testing, and audit preparation. Today, many of the world's most respected, global 2000 companies rely on Pathlock to protect their critical digital assets from financial, operational, regulatory and security threats, ensure corporate compliance and improve performance. Our customers have saved millions in employee productivity, labor costs, audit fees and data loss prevention.
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DATA SECURITY,ENTERPRISE SECURITY,PLATFORM SECURITY
Laminar | November 30, 2022
Laminar, a leader in public cloud data security, today announced it is supporting the launch of Amazon Security Lake from Amazon Web Services (AWS). Amazon Security Lake automatically centralizes an organization’s security data from cloud, on-premises, and custom sources into a customer owned purpose-built data lake. With support for the Open Cybersecurity Schema Framework (OCSF) standard, Amazon Security Lake reduces the complexity and costs for customers to make their security solutions data accessible to address a variety of security use cases such as threat detection, investigation, and incident response.
“All cybersecurity in the end is about protecting data and all cybersecurity is more effective and efficient with data-context. “Laminar is proud to be a launch partner for Amazon Security Lake, adding data-context to security events for better risk models, effective investigations and efficient remediation.”
Amit Shaked, co-founder and CEO, Laminar
Amazon Security Lake helps organizations aggregate, manage, and derive value from log and event data on the cloud and on-premises to give security teams greater visibility across their organizations. With Amazon Security Lake, customers can use the security and analytics solutions of their choice to simply query that data in place or ingest the OCSF-compliant data to address further use cases. Amazon Security Lake helps customers optimize security log data retention by optimizing the partitioning of data to improve performance and reduce costs. Now, analysts and engineers can easily build and use a centralized security data lake to improve the protection of workloads, applications, and data.
Laminar is a Data Security Posture Management (DSPM) leader that delivers autonomous, agentless, and continuous data security for everything that you build and run on the cloud. Laminar provides autonomous discovery and classification for all data across AWS and hybrid cloud environments into a cloud data catalog, prioritization of data assets by our proprietary risk model, and an agentless and asynchronous approach to DSPM to reduce the exposure surface without impacting performance.
“Data is every enterprise’s most valuable asset, which makes protecting it a critical capability for all cybersecurity solutions,” said Rod Wallace, General Manager for Amazon Security Lake. “Amazon Security Lake enables security teams to optimize security log data collection and retention by optimizing the partitioning of data to improve performance and reduce costs. With the Laminar integration, analysts and engineers can store their data in the OCSF format for further analytics to improve the protection of workloads, applications, and data.”
About Laminar
Laminar’s Cloud Data Security Platform protects data for everything you build and run in the cloud across cloud providers and cloud data warehouses. The platform autonomously and continuously discovers and classifies new datastores for complete visibility, prioritizes risk based on sensitivity and data risk posture, secures data by remediating weak controls and actively monitors for egress and access anomalies. Designed for the multi cloud, the architecture takes an API-only approach, without any agents, and without sensitive data ever leaving your environment. Founded in 2020 by a brilliant team of award winning Israeli red team experts, Laminar is proudly backed by Insight Partners, Tiger Global, Salesforce Ventures, TLV Partners, and SentinelOne.
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