DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

OneSpan Launches Virtual Room Enabling Secure Face-to-Face Transactions

OneSpan | September 19, 2022 | Read time : 02:50 min

OneSpan
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,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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DATA SECURITY, PLATFORM SECURITY, SECURITY AUDIT AND COMPLIANCE

CrowdStrike and EY Expand Global Alliance to Deliver Cloud Security and Observability Services

CrowdStrike | October 27, 2022

CrowdStri, a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, and Ernst & Young LLP (EY US), a leading organization in cyber risk consulting services, today announced an expanded relationship to deliver Cloud Security and Observability services globally, powered by the CrowdStrike Falcon platform. This collaboration expands on existing services previously announced including: Ransomware Readiness and Resilience; Incident Response (IR), Recovery and Remediation; Identity Assessment; and Zero Trust capabilities. “The CrowdStrike-EY Alliance combines CrowdStrike’s leading cloud security and observability solutions with the transformational consulting capabilities and services provided by EY,” said Michael Rogers, vice president of global alliances at CrowdStrike. “Our expanded alliance now provides joint customers the ability to secure their cloud workloads with CrowdStrike Cloud Security, as well as ingest their log and event data at scale with CrowdStrike Falcon LogScale, providing real-time visibility to better understand and assess issues in their infrastructure environments.” “Cloud security and observability continue to be key priorities for our clients. Our expanded alliance with CrowdStrike is critical in helping organizations address new and emerging threats,” said Dave Burg, EY Americas Cybersecurity Leader. “As a result of this relationship expansion, EY will implement CrowdStrike Cloud Security and CrowdStrike Falcon LogScale to help clients confidently secure their cloud workloads and operationalize the data they are generating for increased visibility.” Cloud Security The EY Cloud Security service offering leverages CrowdStrike Cloud Security, a CNAPP solution with agent-based and agentless protection, with EY’s cybersecurity professionals to accelerate the journey of clients through alignment and implementation of appropriate controls as part of the shared responsibility model. This enables DevOps and infrastructure runtime scanning teams to: Securely move to the cloud: Build a secure and compliant path to production by assessing, architecting, implementing and optimizing key cloud security controls, whether hybrid or multi-cloud. Secure business-critical workloads: Reduce the overhead, friction and complexity associated with protecting cloud workloads, containers and serverless environments, and transform the lengthy risk and audit processes into automated and continuous ones. Shift left securely: Automate the secure development of cloud-native applications, delivering full-stack protection and compliance for containers, Kubernetes and hosts across the container lifecycle. Observability The EY NextGen SOC service offering utilizes CrowdStrike Falcon LogScale, a modern log management solution, with EY’s SOC transformation practice to help clients – such as Mondelēz International – transform and optimize their cyber risk management operations practices by assessing, designing, building, improving, operating and automating their security operations and cyber defense capabilities. This enables DevOps, SecOps and IT Ops teams to: Decrease mean time to detection (MTTD): Evaluate all security use cases with EY’s SOC Transformation services and optimize them with Falcon LogScale, which provides real-time streaming, searching and alerting. Reduce complexity and increase visibility: Spend less time managing and maintaining disparate environments and more time triaging incidents with Falcon LogScale, which centralizes all logs in a single dashboard and reduces the time spent filtering data. EY can guide clients in maximizing their most important resource – people. Lower total cost of ownership (TCO): Remove the limitations present in traditional logging solutions by leveraging Falcon LogScale’s index-free architecture, which provides seamless data ingestion, reduced infrastructure costs and lower operational costs. EY can help clients to reduce their TCO and drive relevant business insights by assisting in their identification and prioritization of their capital and operational investments. “EY and CrowdStrike Falcon LogScale have enabled a global, multi-functional log management solution for our growing IT, security and compliance requirements,” said Kostas Georgakopoulos, CTO & CISO at Mondelēz International. The Cloud Security and Observability services are generally available for customers. About CrowdStrike CrowdStrike, a global cybersecurity leader, has redefined modern security with one of the world’s most advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data. Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

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DATA SECURITY, SOFTWARE SECURITY

Accenture Named a Leader in European Managed Security Service Providers by Independent Analyst Firm

Accenture | September 13, 2022

Accenture has been named a Leader in the latest Forrester Research report on European managed security service (MSS) providers, which notes that Accenture sets itself apart from the rest of the market by the way in which it develops assets that are embedded in its services for the benefit of clients. The report — "The Forrester Wave™: European Managed Security Service Providers, Q3 2022" — includes a comprehensive 39-criteria assessment of the top 10 cybersecurity consulting providers across three high-level categories: “Current Offering”; “Strategy”; and “Market Presence.” Client references and buyer feedback were also factored into each criterion evaluated in the report. Accenture received the highest score in the Current Offering category among competitors evaluated, with the highest possible score in twelve criteria, including: data sovereignty and European service delivery; managed application security; business and technical value; product vision; execution roadmap; innovation roadmap; and partner ecosystem. The report says that: Accenture stands out for its vision roadmap, with several planned items focusing on emerging CISO [chief information service officer] needs for managed services providers. Accenture also continues to set the standard for strong partnerships to drive unique technology and services IP. When noting how Accenture sets itself apart by developing assets that are embedded in services for clients, the report said that one particularly strong example of this was its Intelligent Application Security Platform (IASP), which delivers significant value for developers within its application security services. Reference customers praise the flexible personnel, highly competent technical staff, and strong partnership approach. Accenture is a good match for customers who want end-to-end security capabilities that deliver a wide array of managed services. “We’re on a mission to make cybersecurity a priority for business leaders in Europe, and our managed security services team can help clients navigate the challenges. “It’s an honor to be recognized for our work helping clients build better defenses and strengthen their cybersecurity capabilities. Because cyber risk is a constantly moving target, we help our clients identify not only existing threats but also emerging threats to their enterprises.” Jacky Fox, who leads Accenture Security in Europe In addition to being named a Leader among European MSS providers by Forrester, Accenture was recently named the No. 1 cybersecurity service provider by HFS Research and positioned as a Leader in the latest IDC MarketScape analysis of managed security services (MSS) providers in Europe. In 2021, Accenture was positioned as a Leader in two Forrester reports on cybersecurity: The Forrester Wave™: Global Cybersecurity Consulting Providers, Q4 2021 and The Forrester Wave™: European Cybersecurity Consulting Providers, Q3 2021. More information on Accenture in “The Forrester Wave™: European Managed Security Service Providers, Q3 2022” report can be found here. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

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DATA SECURITY, ENTERPRISE IDENTITY

Keeper Security's Cybersecurity Census Finds U.S. Businesses are Unprepared for Escalation in Cyberattacks

Keeper Security | September 15, 2022

Keeper Security, the leading provider of zero-trust, zero-knowledge and FedRAMP Authorized cybersecurity software, today released findings from its second annual Cybersecurity Census. The report explores insights from IT decision-makers at businesses and organizations across the U.S., revealing that most respondents expect the onslaught of cyberattacks to intensify over the next year, yet 32% lack a management platform for IT secrets–posing a significant risk to organizational security. The 2022 U.S.Cybersecurity Census Report explores the ongoing threats of cyberattacks and the need for cybersecurity investment. The report maps the evolving cybersecurity landscape as hybrid and remote work have transformed businesses over the past two years. According to survey findings, the average U.S. business experiences 42 cyberattacks annually—between three to four each month. Still, fewer than half (44%) of respondents provide their employees with guidance or best practices for governing passwords and access management. IT leaders reveal a lack of preparedness for cyberattacks U.S. businesses face many cyberattacks each year, significantly impacting their organizations. Most respondents agree the total number of attacks will increase over the next year, with 39% predicting the number of successful cyberattacks will also rise. Most organizations in the U.S. believe they're prepared to fend off cyberattacks, with 64% of respondents rating their preparedness at least an eight on a 10-point scale and 28% rating themselves as a 10/10. At the same time, the majority of respondents (57%) say it is taking longer to respond to attacks and only 8% say responses are getting faster. Though most report feeling prepared for attacks, leaders admit their tech stacks lack essential tools. Nearly one-third of respondents (32%) lack a management platform for IT secrets, such as API keys, database passwords and privileged credentials. 84% are concerned about the dangers of hard-coded credentials in source code but 25% don't have software to remove them. More than one-quarter of respondents (26%) said they lack a remote connection management solution to secure remote access to IT infrastructure. With the rise in hybrid work and remote work, this is a significant security gap. This lack of investment in cybersecurity tools is alarming, especially considering the lasting impact of cyberattacks that survey respondents revealed. Nearly one-third (31%) suffered a disruption of partner or customer operations in the wake of a cyberattack and the same percentage experienced theft of financial information. 18% of organizations experienced theft of money, with the average amounting to more than $75,000, while 37% lost $100,000 or more. 23% experienced the inability to carry out business operations. In addition to direct costs, cyberattacks can cause lasting damage to business perception and client trust. More than one-quarter of respondents (28%) suffered reputational damage due to a successful cyberattack and 19% reported losing business or a contract. "The volume and pace at which cyberattacks are hitting businesses is increasing and with that come severe financial, reputational and organizational penalties," said Darren Guccione, CEO and co-founder of Keeper Security. "Leadership must prioritize cybersecurity, enabling their security teams to address rapid shifts in technology and distributed remote work. The impact these shifts have on cybersecurity are both pervasive and extreme. Building a culture of trust, accountability and responsiveness is critical." U.S. businesses must take immediate action against cyber threats Cybersecurity is a pillar of every good business and these findings underscore the need for business leaders to make cybersecurity a part of organizational culture. U.S. business leaders are working to source the necessary talent to stay secure. Nearly three-quarters (71%) of respondents have made new hires in cybersecurity over the past year and 58% say they've increased cybersecurity training. A devastating cyberattack is one stolen password away, but despite this threat, fewer than half (48%) of respondents state they have plans to invest in password management, visibility tools for network-based threats or infrastructure secrets management. Only 44% of respondents provide their employees with guidance and best practices governing passwords and access management. 30% of respondents allow employees to set and manage their passwords and admit that employees often share access to passwords. A mere 26% have a highly sophisticated framework for visibility and control of identity security. Many organizations are considering future investments with 73% of respondents expecting their cybersecurity budgets to increase. However, they face being outmatched by rising external threats and the demands created by existing weaknesses. Cybersecurity in company culture Employees understand the dangers of both external and internal threats. An overwhelming 79% of IT professionals are concerned about a breach from within their organization and 47% have suffered a breach of that nature. As more employees work remotely, businesses must rethink their investments in order to maintain security. In fact, 40% of respondents highlighted remote and hybrid work as a top concern, with rising external threats close behind at 39%. IT leaders themselves admit a lack of transparency in cyber incident reporting within their organizations, with nearly half of respondents (48%) being aware of a cyberattack, but keeping it to themselves. Businesses must foster a sense of trust and transparency in their organizations, creating an open dialogue to recognize the scale of the cybersecurity challenges their organization faces. Only with that recognition can resources be devoted to education and embedding a cybersecurity mindset into the organization's culture. Keeper's 2022 U.S. Cybersecurity Census Report demonstrates that cyberattacks present a profound and ongoing threat. Preventative measures, including investment, education and cultural shifts, are essential for businesses to drive resilience and protect their organizations from cybercriminals. Methodology The report yielded results from 516 IT leaders and decision-makers in businesses across the U.S. About Keeper Security Keeper Security, Inc. ("Keeper") is transforming the way organizations and individuals protect their credentials, secrets, connections and sensitive digital assets to significantly reduce the risks of identity security-related cyberattacks, while gaining visibility and control. Keeper is the leading provider of zero-trust and zero-knowledge security cloud services trusted by millions of people and thousands of organizations for password management, secrets management, privileged access, secure remote infrastructure access and encrypted messaging.

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