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Lookout Announces the Successful Divestiture of Its Consumer Mobile Security Business Segment

Lookout Announces the Successful Divestiture

Lookout, Inc., the endpoint-to-cloud security company, today announced it has closed the previously announced sale of its consumer mobile security business to F-Secure, a global provider of consumer security products and services. With this strategic divestiture Lookout will focus on expanding its core enterprise business, built around the Lookout Cloud Security Platform.

The sale of Lookout’s consumer mobile security business represents a deliberate and strategic decision to optimize its enterprise product portfolio and concentrate its product innovation and go-to-market on the expansion of these core competencies. The divestiture sets Lookout up for long-term growth and further positions the Company to address the security transformation impacting organizations today, including the increase in remote work, the shift to cloud-based delivery models and the transition to zero trust architectures.

“We are pleased to announce the successful divestiture of our mobile consumer security business, which represents a significant milestone in our strategic transformation to become a pure-play enterprise cybersecurity company,” Jim Dolce, CEO at Lookout. “With this refined focus, we will continue to drive innovation, invest in the development of cutting-edge solutions and drive greater value for our customers.”

Lookout’s core enterprise business includes Lookout Mobile Endpoint Security and its security services edge (SSE) cloud-native solution, the Lookout Cloud Security Platform. The Company entered the cloud security market through its acquisition of CipherCloud in March 2021. Its Cloud Security Platform was recently scored among the highest three vendors in the 2023 Gartner Critical Capabilities for Security Service Edge (SSE)1 report in each of the four use cases. The Gartner Critical Capabilities for SSE – an essential companion to the Gartner Magic Quadrant™ for SSE2 in which Lookout was named a Visionary for the second year in a row – is a comparative analysis that scores products or services against a set of critical differentiators that every business needs, as identified by Gartner. These four use cases include Secure Web and Cloud Usage, Detect and Mitigate Threats, Connect and Secure Remote Workers and Identify and Protect Sensitive Information.

As part of the sale agreement, F-Secure acquires all of the Lookout consumer mobile security products and technology and assumes all responsibility for ongoing operations and customer relationships. Additionally, the Company’s consumer employees will become part of F-Secure.

About Lookout

Lookout, Inc. is the endpoint-to-cloud cybersecurity company that delivers zero trust security by reducing risk and protecting data wherever it goes, without boundaries or limits. Our unified, cloud-native platform safeguards digital information across devices, apps, networks and clouds and is as fluid and flexible as the modern digital world. Lookout is trusted by enterprises and government agencies of all sizes to protect the sensitive data they care about most, enabling them to work and connect freely and safely. To learn more about the Lookout Cloud Security Platform, visit www.lookout.com and follow Lookout on our blog, LinkedIn and Twitter.

© 2023 Lookout, Inc. LOOKOUT®, the Lookout Shield Design®, LOOKOUT with Shield Design®, and SIGNAL FLARE® are registered trademarks of Lookout, Inc. in the United States and other countries. DAY OF SHECURITY®, LOOKOUT MOBILE SECURITY®, and POWERED BY LOOKOUT® are registered trademarks of Lookout, Inc. in the United States. Lookout, Inc. maintains common law trademark rights in EVERYTHING IS OK, PROTECTED BY LOOKOUT, CIPHERCLOUD, SCREAM, the 4 Bar Shield Design, and the Lookout multi-color/multi-shaded Wingspan design.

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Cloud Secure continues to lead the industry as the most application-centric CNAPP offering helping organizations uncover new attack vectors in cloud-native applications and APIs that ultimately prevent large-scale data breaches. ML-powered Hacker Tool Kits and Optimized Cloud Assets, in addition to Cloud Secure’s other advancements in this new release, uniquely protect organizations’ cloud applications in multi-cloud environments. Cloud Secure now also offers a new UI design that improves the end-to-end CNAPP workflow for organizations with new dashboard, inventory, security testing, and cloud-native protection sections. For example, the Cloud-Native Protection visualization graph with Cloud Abuse highlights priority events, actors, and attack path analysis that uniquely helps organizations diagnose near real-time data breaches and attempts at exfiltration attacks. In addition, Cloud Secure’s Enhanced Compliance Summary section with status and on-demand reporting downloads automates the audit processes to help organizations prove compliance. Cloud Secure, powered by Data Theorem’s award-winning Analyzer Engine, helps organizations secure their cloud-native applications and address regulatory compliance for cloud monitoring and reporting. It is the industry’s first solution delivering full-stack attack path analysis for cloud-native applications that starts at the client layer (mobile and web), protects the network layer (APIs), and extends down through the underlying infrastructure (cloud services). Its combination of attack path analysis and run-time active protections enables both offensive and defensive security capabilities to best prevent data breaches of cloud-native applications, embedded APIs, and serverless cloud functions. Data Theorem’s broad AppSec portfolio protects organizations from data breaches with application security testing and protection for modern web frameworks, API-driven microservices and cloud resources. Its solutions are powered by its award-winning Analyzer Engine which leverages a new type of dynamic and runtime analysis that is fully integrated into the CI/CD process, and enables organizations to conduct continuous, automated security inspection and remediation. Data Theorem is one of the first vendors to provide a full stack application security analyzer that connects attack surfaces of applications starting at the client layers found in mobile and web, the network layers found in APIs, and the infrastructure layers found in cloud services. About Data Theorem Data Theorem is a leading provider of modern application security, helping customers prevent AppSec data breaches. 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Read More

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Keeper Security’s Latest Update Improves Android and User Interface

Keeper Security, Inc. | September 25, 2023

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Read More

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ZeroFox Unveils New Anti-Phishing Features to Stop Attacks at Source

ZeroFox | September 22, 2023

ZeroFox, an industry-leading provider of enterprise software-as-a-service for external cybersecurity, has announced the unveiling of multiple anti-phishing product enhancements. These updates solidify ZeroFox's position as the world leader in digital risk protection. Developed using cutting-edge AI/ML technologies and designed by a team of top-tier security experts, these new anti-phishing features boost escalated alert volume, reduce the occurrence of false positives, and expedite the process from threat identification to initial disruption and successful takedowns for all our customers. The importance of these new features cannot be overstated, especially given the rising threat landscape. In the first half of 2023, ZeroFox Intelligence has recorded a substantial increase in the volume and complexity of phishing attacks, including a 30% surge in domain takedowns compared to the first half of 2022. New ZeroFox phishing trend research also highlights the adoption of evasion techniques like cloaking alongside emerging tactics such as SEO poisoning and phishing-as-a-service. These developments underscore the critical role of these new capabilities in safeguarding against evolving cyber threats. Continuous and Complete Protection Against Domain-based Threats ZeroFox adopts a unique approach to phishing compared to email security and conventional anti-phishing providers. Its strategy revolves around the identification, disruption, and elimination of the domains necessary for launching phishing campaigns. With daily monitoring of over 65 million domains, ZeroFox combats various threats like typo squats, subdomain spoofs, homoglyphs, and other malicious domain and URL-based attacks, effectively shielding customers and preventing any disruptions to business operations. Incorporate advanced domain protection capabilities to enhance their cybersecurity measures, aiming to achieve substantial and measurable business outcomes: Reduce Phishing Risks with Anti-Cloaking Capabilities: Strengthen Compliance and Trust with SSL Monitoring Secure Brand Identity with Favicon Search Improve Operational Efficiency with Enhanced Subdomain Coverage Enhance User Experience (UX) with Weblog Monitoring Mike Price, Chief Technology Officer of ZeroFox, said, ZeroFox has been detecting and disrupting phishing attacks for the last decade, constantly enhancing our solution to protect our customers from changing phishing techniques used by threat actors, including the widespread use of malicious cloaking and subdomains techniques. [Source – Globe Newswire] Price stated that the enhanced capabilities being announced represented their ongoing commitment to tackling the increasing phishing challenge encountered by security teams. He emphasized that as phishing continued to evolve, ZeroFox would remain a trusted anti-phishing partner dedicated to safeguarding customers from both current and future phishing techniques. About ZeroFox ZeroFox, a prominent enterprise software-as-a-service provider in the field of external cybersecurity, has revolutionized security beyond the corporate perimeter on the internet, where businesses conduct their operations and threat actors are active. Their platform seamlessly integrates cutting-edge AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust set of breach, incident, and takedown response tools. This enables them to uncover and disrupt various threats, including phishing and fraud campaigns, botnet exposures, impersonations, credential theft, data breaches, and physical threats that target domains, brands, personnel, and assets.

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