DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
SaaS Alerts | September 12, 2022
SaaS Alerts, the cybersecurity company purpose-built for Managed Service Providers (MSPs) to protect and monetize their customers' core business SaaS applications, announced today that it has secured a $22 million growth investment from global software investor Insight Partners to accelerate the growth of its SaaS Security monitoring and response platform.
The accelerated rate of SaaS Application adoption by businesses, driven by the need to provide collaboration and productivity tools to remote workforces and for more centralized and tightly controlled business data resources, has elevated awareness and critical concern for major threat vectors and security gaps that exist in SaaS Application security. These security concerns present opportunities for MSPs to better safeguard their clients while offering SaaS security services that drive profitable new revenue streams.
SaaS Alerts was designed to help MSPs monitor and protect their customers' usage of today's most popular SaaS applications such as Microsoft 365, Google Workspace, Salesforce, Dropbox and more – and to safeguard against security threats to a business' SaaS environment such as data theft, data that's at risk due to unintentional employee mishaps and actions taken by bad actors.
"We couldn't be more excited to partner with Insight Partners and we see their investment in SaaS Alerts as a monumental endorsement for what we have built and what we intend to build as we collaborate going forward. "I'm very proud of our team for reaching this milestone and look forward to working with Insight to continue to build value for our MSP partners and stakeholders."
Jim Lippie, CEO of SaaS Alerts
"SaaS applications have become essential for businesses of every size and MSPs need the ability to better protect those applications on behalf of their customers. SaaS Alerts has pioneered SaaS security for MSPs and has a clear vision for how detecting and correlating abnormal user behavior can greatly impact the MSP industry," said Philine Huizing, Principal at Insight Partners. "We're excited to partner with SaaS Alerts as the company scales to address this unique opportunity."
About SaaS Alerts
SaaS Alerts is the cybersecurity company purpose-built for MSPs to protect and monetize customers' core SaaS business applications. SaaS Alerts offers a unified, real-time monitoring platform for MSPs to protect against: data theft, data at risk and bad actors and integrates with the most popular SaaS Applications. Learn more at www.saasalerts.com.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO.
Read More
DATA SECURITY
Flow Security | August 05, 2022
Flow Security today announced $10M in seed funding and launched the first data security platform that discovers and protects both data at rest and in motion. The funding was led by Amiti, with participation from GFC, Amdocs Ventures, and industry leaders such as CyberArk CEO Udi Mokady and Demisto CEO and co-founder Slavik Markovich.
Enterprises of all sizes continue to make heavy investments in technology stacks as they transition to modern cloud application architectures. This new era promises many benefits, but has also led to significant data sprawl and major difficulties in securing data. With the widespread adoption of modern architectures, securing sensitive data such as PII, PHI, financial information, and intellectual property has become a near-impossible task.
Flow Security helps organizations overcome these challenges by continuously mapping and detecting all data-related risks for an improved data security posture. Flow is the only data security platform that supports use cases including discovering and classifying data flows to external services, policy enforcement, automatic data-related threat modeling, and reducing data access permissions to the minimum. Flow has a growing customer base in highly-regulated markets such as e-commerce, fintech, healthcare, insurtech, and more.
"Discovery, mapping and protecting data is usually a manual process, which is not effective in large organizations," says Nir Chervoni, Head of Data Security of Booking.com, "Automatic data mapping should consist of analyzing the actual payload, and not only its metadata. So far, Flow is the only company I've seen that provides that capability for multiple scenarios."
"Security and data protection teams are struggling to keep up with the rapid pace of today, and Flow is making their lives exponentially easier," said Ben Rabinowitz, Managing Partner and Founder at Amiti Ventures. "We're thrilled to be a partner on this journey, and eager to help capitalize on this opportunity to give security teams the technology they need to become business enablers."
"We've reviewed dozens of different data security tools lately, and we weren't satisfied with any of them. "But Flow's data-in-motion approach is a game changer. It took the platform a few days to map data-related threats that usually take months of manual work to detect."
Ralph Pyne, VP of Security at NextRoll
"Data security is not a new problem, but the challenges are changing and growing," said Jonathan Roizin, co-founder and CEO of Flow Security. "Organizations are moving at a record pace and quickly transitioning to the cloud and cloud-first applications. These transformations often make life easier, but they also make the jobs of security professionals even more difficult. With Flow, security teams are no longer forced to chase down information. It simplifies security and regulatory processes and bridges the gap between security and development teams."
About Flow Security
Flow Security revolutionizes data security with the first platform that discovers and protects data not only at rest, but also in motion. Founded in 2021 by Jonathan Roizin and Rom Ashkenazi, the Israel-based company is backed by Amiti, GFC, Amdocs Ventures, and market-leading angel investors.
Read More
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Concentric AI | August 29, 2022
Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management, today announced it has been listed as a Sample Vendor in the newly created Data Security Posture Management category in the recently published Gartner Hype Cycle for Data Security, 2022 report.1 Concentric AI also appears in the Data Access Governance and Data Discovery and Management categories in the Gartner Hype Cycle for Data Security, 2022 report.1
According to the Hype Cycle for Data Security, 2022: “Data security posture management (DSPM) provides visibility as to where sensitive data is, who has access to that data, how it has been used and what the security posture of the data store or application is.”1 Organizations use DSPM as the basis for data risk assessment and to optimize data security governance implementations.
The new Data Security Posture Management category has a Benefit Rating of Transformational, which Gartner defines as, “Enables new ways of doing business across industries that will result in major shifts in industry dynamics.”1
According to Gartner: “Organizations face challenges mitigating data security and privacy risks as data rapidly proliferates across multi-cloud and hybrid IT architectures. Identifying meaningful data risk is impossible to solve without combining metrics from data sensitivity, data lineage, infrastructure configurations that create data risks and access risk into a common view. This is an urgent problem that is encouraging rapid growth in the availability and maturation of this technology.”1
“We believe being recognized by Gartner as a Sample Vendor in Data Security Posture Management validates that organizations need visibility of into their sensitive data across datasets and locations, as well as a consolidated view into the risk associated with inconsistent access privileges, permissions, activity, and location to protect their data from loss. “Organizations using Concentric AI benefit from the company’s AI-assisted deep learning autonomous data security solution to reduce their data risk by discovering, evaluating, and remediating security issues.”
Karthik Krishnan, Founder and CEO, Concentric AI
Concentric AI secures data-centric work using AI to protect business-critical information hidden in the millions of files and databases used by today’s distributed workforce. The company’s unique deep learning solution autonomously and accurately finds sensitive content, assesses risk, and remediates security issues, allowing organizations across industries to meet their data security needs for the first time.
Concentric AI’s Semantic Intelligence™ automates unstructured and structured data security using deep learning to categorize data, uncover business criticality and reduce risk. Its Risk Distance™ analysis technology uses the baseline security practices observed for each data category to spot security anomalies in individual files. It compares documents of the same type to identify risk from oversharing, third-party access, wrong location, or misclassification. Organizations benefit from the expertise of content owners without intrusive classification mandates, with no rules, regex, or policy maintenance needed.
Gartner Disclaimer
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 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.
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.
About Concentric AI
With Concentric AI, organizations can finally address their unmet data security needs by discovering and protecting business-critical content. Concentric AI protects intellectual property, financial documents, PII/PCI content, customer data, business confidential data and more, across on-premises and cloud-based data stores, as well as messaging and communication applications. The Concentric AI Semantic Intelligence™ Data Security Posture Management solution uses deep learning and Risk Distance™ analysis to accurately categorize data, assess risk, and remediate security issues – without relying on upfront rules or complex configuration. Concentric AI is venture-backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif.
Read More
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Veristor Systems, Inc. | September 28, 2022
Veristor Systems, Inc., a trusted provider of transformative business technology solutions, and SANS Security Awareness, the global leader in providing security awareness training, today announce that Veristor has become a certified provider of SANS Security Awareness' comprehensive suite of products to enable a data-driven approach to cybersecurity training for an organization's end users.
"Researchers from Stanford University found that as much as 88% of all data breaches are caused by an employee mistake. "This shows that end users are the most critical vulnerability gap in today's enterprise. Yet if properly trained, they can also be the most resilient security defense – a human firewall. Together with the experts from SANS Security Awareness we are helping customers guard their environments with an army of well-trained employees. With proven training to spot and act when suspicious activity arises, users can take an active role in preventing the growing wave of cyberattacks."
Daniel Martin, Principal Security Consultant, vCISO, Veristor
The SANS Security Awareness suite of dynamic multilingual computer-based training, games, phishing simulations, and engagement materials teach vital security behaviors to effectively manage human cyber risk. With different training styles to match different corporate cultures, employee comprehension levels, and learning preferences, SANS Security Awareness training equips workforces to recognize and prevent current cyberattacks, including work-from-home threats. The platform delivers valuable metrics to measure the effectiveness of each program, and customization features to tailor training to meet specific organizational needs."
With some groups requiring even greater specialized training, in addition to addressing core human behavior risk topics, SANS Security Awareness also offers secure development and coding techniques, understanding NERC CIP compliance requirements, and handling Industrial Control Systems (ICS) incidents.
"We are very pleased to be partnering with the cybersecurity experts at Veristor to provide the SANS Security Awareness program to their customers," said Brad Stilling, Director of Global Sales for SANS Security Awareness. "Regular awareness training is an essential activity for organizations looking to ensure security and compliance. When employees feel informed and empowered to recognize and address cyber risks, they can protect the organization. With SANS Security Awareness, Veristor customers are now better positioned to detect and prevent cyber-attacks."
For organizations starting their awareness training journey, Veristor delivers a SANS Human Risk Insight assessment to identify program cost reductions, eliminate unneeded staff training, and create risk metrics to baseline and benchmark an organization's human cyber risk.
The SANS Security Awareness training solutions are now offered as a part of Veristor's suite of security solutions that are designed to solve business challenges through the intelligent application of next-generation security technology.
About Veristor Systems, Inc.
Veristor, which recently announced a merger with Anexinet, is a leading provider of transformative business technology solutions that helps its customers accelerate the time-to-value for the software, infrastructure and systems they deploy. We do this by harnessing deep expertise in today's most advanced data center, security, networking, hybrid cloud, and big data technologies and guiding businesses to the right solutions for their most pressing challenges. And with a full suite of design, deployment, support, and managed service offerings, we work shoulder-to-shoulder with our customers at every step of their technology journey to make technology truly work for them.
About SANS Security Awareness
SANS Security Awareness provides organizations with a complete and comprehensive security awareness solution, enabling them to easily and effectively manage their human cybersecurity risk. SANS Security Awareness has worked with over 1,300 organizations and trained over 6.5 million people around the world. The SANS Security Awareness program offers globally relevant, expert authored tools and training to enable individuals to shield their organization from attacks and a fleet of savvy guides and resources to work with you every step of the way.
Read More