Intent Data in the Age of Data Regulation

DECK 7 | March 23, 2020

Since the implementation of Data Protection Act in 2018, the approach behind the use of data has changed dramatically. Our clients and customers don’t just want a great experience, they also want to make sure they can trust us.   Tweet This!  And it makes perfect sense in the present time and space. But as data is considered a key factor in positive customer experience, the U.S. brands and agencies have found it to be increasingly complicated to earn customer trust while remaining compliant. In an article by John Snyder, CEO at Grapeshot, for Adexchanger, he says that the GDPR will remove 75% of third-party data and what’s left will be more expensive. This has caused the power dynamic between brands and agencies to evolve over time.

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Security must be holistically included in the end-to-end consolidation process from assessment/planning to execution and ongoing operations, and organizations should embrace physical and virtual technologies for securing and managing their network security. Learn more now.


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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Next DLP Announces Cybersecurity Industry Veteran, Constance Stack, as New CEO

Next DLP | November 03, 2022

Next DLP (“Next”), formerly Qush Security, today announced the appointment of Constance (“Connie”) Stack as its new chief executive officer. With Stack leading the way, Next expects to aggressively grow its market share and disrupt the legacy Data Loss Prevention (DLP) category. The DLP market is projected to reach 3.5 Billion USD by 2025 with the SaaS deployment model expected to dominate during the forecast period. Next’s “Reveal Cloud”, which was included in Gartner’s 2022 Market Guide for Data Loss Prevention, is an industry leading, user-centric, DLP solution, that uncovers risk, educates employees and fulfills security, compliance and regulatory needs. “This is an exciting time for all of us at Next DLP,. “We are pleased to have Connie lead Next and believe her leadership will further accelerate the company’s growth and deliver on our mission of reinventing data protection for today's distributed organization.” Fredrik Halvorsen, Chairman of Next’s board of directors and co-founder of Ubon Partners Most recently, Stack served as Managing Director/GM of the Data Protection Business Unit for HelpSystems, which included the Digital Guardian, Titus, Boldon James and Vera brands. Prior to acquisition by HelpSystems, Stack served as chief strategy officer and chief marketing officer of Digital Guardian. Earlier in her career, Stack was vice president of marketing at Veracode (acquired by CA Technologies) and chief revenue officer at WordStream (acquired by the Gannett Company). “Today’s most used DLP solutions came to market over twenty years ago; before the shift to cloud and SaaS really took off and well before the COVID-19 pandemic drove global knowledge workers to a remote working model. Put plainly, legacy DLP approaches are outdated and prone to failure,” said Constance Stack, Chief Executive Officer, Next DLP. “Next DLP offers a new and flexible approach to protecting data where it is most at risk. Its patent-pending endpoint agent and cloud platform were purpose-built for today’s IT environment and threat landscape. I look forward to this opportunity to work with Next’s incredibly talented team and to deliver DLP that works to our customers.” About Next DLP Next DLP (“Next”) is a leading provider of data protection solutions for organizations with valuable data who need to uncover risk, educate employees and fulfill security, compliance and regulatory needs. Next's mission is to reinvent data protection for today's distributed organization and it is disrupting the legacy data loss prevention market with a user-centric, flexible, cloud-native, AI/ML powered solution built for today’s threat landscape. The company's leadership brings decades of cyber and technology experience from HelpSystems, DigitalGuardian, Forcepoint, Mimecast, IBM, Cisco and Shopify. Next is trusted by organizations big and small, from Fortune 100 finance and retailers to fast growing healthcare and technology companies.

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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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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Attackers Use Automation to Speed from Exploit to Compromise According to Lacework Labs Cloud Threat Report

Lacework | October 14, 2022

Lacework®, the data-driven cloud security company, today released the fourth Lacework Labs Cloud Threat Report and subsequently launched a new, open source tool for cloud hunting and security efficacy testing. The new tool, known as Cloud Hunter, will help customers keep pace with ever-improving adversarial tradecraft through advanced environmental analysis and improved incident response time. Developed in response to new types of sophisticated threat models uncovered through Lacework Labs' research, Cloud Hunter utilizes the Lacework Query Language (LQL) to permit hunting across data within the Lacework platform by way of dynamically-created LQL queries. Customers can quickly and easily find data and develop queries for ongoing monitoring as they scale detections along with their organization's cloud security program. Data is automatically analyzed while Cloud Hunter extracts information, further streamlining the capabilities and response times for incident investigations. The Lacework Labs Cloud Threat Report examines the cloud security threat landscape over the past three months and unveils the new techniques and avenues cybercriminals are exploiting for profit at the expense of businesses. In this latest edition, the Lacework Labs team found a significantly more sophisticated attacker landscape, with an increase in attacks against core networking and virtualization software, and an unprecedented increase in the speed of attacks following a compromise. Key trends and threats identified include: Increased speed from exposure to compromise: Attackers are advancing to keep pace with cloud adoption and response time. Many classes of attacks are now fully automated to capitalize on timing. Additionally, one of the most common targets is credential leakage. In a specific example from the report, a leaked AWS access key was caught and flagged by AWS in record time. Despite the limited exposure, an unknown adversary was able to login and launch tens of GPU EC2 instances, underscoring just how quickly attackers can take advantage of a single simple mistake. Increased focus on infrastructure, specifically attacks against core networking and virtualization software: Commonly deployed core networking and related infrastructure consistently remains a key target for adversaries. Core flaws in infrastructure often appear suddenly and are shared openly online, creating opportunities for attackers of all kinds to exploit these potential targets. Continued Log4j reconnaissance and exploitation: Nearly a year after the initial exploit, the Lacework Labs team is still commonly observing vulnerable software targeted via OAST requests. Analysis of Project Discovery (interact.sh) activity revealed Cloudflare and DigitalOcean as the top originators. "Creating an open source tool not only extends our capabilities as a research team and company, but also gives us a way to fully give back to and empower the developer community based on what we're seeing from our threat research," said James Condon, Director of Threat Research at Lacework. "As our research shows an increasingly more sophisticated attack landscape, this tool provides a more detailed analysis of an organization's unique environment based on the new techniques being leveraged by attackers. Cloud Hunter is the first tool from Lacework to generate queries that can be directly converted into custom policies within a customer's environment." The Lacework Labs team also examined issues around how "rogue accounts" are utilized by attackers for the reconnaissance and probing of S3 buckets as well as the growing popularity of cryptojacking and steganography. A full copy of the report and the executive summary can be found here. About Lacework Lacework is the data-driven security platform for the cloud. The Lacework Cloud Security Platform, powered by Polygraph, automates cloud security at scale so our customers can innovate with speed and safety. Only Lacework can collect, analyze, and accurately correlate data across an organization's AWS, Azure, GCP, and Kubernetes environments, and narrow it down to the handful of security events that matter. Customers all over the globe depend on Lacework to drive revenue, bring products to market faster and safer and consolidate point security solutions into a single platform. Founded in 2015 and headquartered in San Jose, Calif., Lacework is backed by leading investors like Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Tiger Global Management, Counterpoint Global (Morgan Stanley), Franklin Templeton, Durable Capital, General Catalyst, XN, Coatue, Dragoneer, Liberty Global Ventures, and Snowflake Ventures, among others.

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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Malwarebytes and Stellar Cyber Partner to Investigate and Mitigate Cyber Threats

Malwarebytes | November 28, 2022

Malwarebytes, a global leader in real-time cyber protection, today announced a new partnership with Stellar Cyber, an industry-leading Open XDR platform that delivers comprehensive, unified security without complexity. The partnership helps resource-constrained teams produce consistent security outcomes across all environments; on-premises, cloud and anything in between. The partnership comes at a critical time in the cybersecurity landscape, as security products become more complex and IT teams spend more time maintaining their security controls, instead of investigating and mitigating cyber threats. According to a 2020 report from Palo Alto Networks, only 46 percent of security operations decision makers are satisfied with their current ability to detect threats. "They point to wasted time chasing false leads, poorly integrated security tools, and a large learning curve for effectively using those tools," according to the report. "Every security team should be able to deliver continuous, consistent security regardless of their skills or experience. "By tightly integrating Malwarebytes' cutting-edge EDR technology with the Stellar Cyber Open XDR platform, IT teams are able to close the gaps between security controls that attackers exploit." Andrew Homer, Vice-President of Technology Alliances at Stellar Cyber The integration pairs Malwarebytes' EDR solution–which collects detailed threat information for analysis and investigation–with the Stellar Cyber Open XDR Platform that ingests, normalizes, and enriches security data, including endpoints, network, cloud and logs into a single repository. Malwarebytes EDR collects critical endpoint and server data and sends it to Stellar Cyber, which analyzes the data to identify potential threats. As security analysts complete investigation in Stellar Cyber, response actions are sent to Malwarebytes to eliminate the threat. "Today's IT and security teams spend more time sifting through data than eliminating actual threats. Organizations need real-time data sharing and visibility to enable decisive actions before attackers are successful," said Brian Thomas, Malwarebytes Vice President of Worldwide MSP and Channel programs. "Stellar Cyber shares our mission to simplify cybersecurity for resource-constrained organizations. Together we uniquely deliver an intelligent and automated solution that allows security teams to be more efficient, and organizations more productive and protected." About Stellar Cyber Stellar Cyber Open XDR platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill to successfully secure their environments. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR. The company is based in Silicon Valley. About Malwarebytes Malwarebytes believes that when people and organizations are free from threats, they are free to thrive. Founded in 2008, Malwarebytes CEO Marcin Kleczynski had one mission: to rid the world of malware. Today, that mission has expanded to provide cyberprotection for every one. Malwarebytes provides consumers and organizations with device protection, privacy, and prevention through effective, intuitive, and inclusive solutions in the home, on-the-go, at work, or on campus.

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Security must be holistically included in the end-to-end consolidation process from assessment/planning to execution and ongoing operations, and organizations should embrace physical and virtual technologies for securing and managing their network security. Learn more now.

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