According to IBM, the average cost of a data breach is $4M but only 29% of businesses have a cybersecurity expert on their IT team. As businesses use more and more data and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Founded by former intelligence officers from the Israeli Defense Force, the platform solves the fragmentation problem found in enterprises when it comes to security. AlleyWatch caught up with CEO and Cofounder Dean Sysman to learn more about the complexities in managing sound cybersecurity policies throughout an enterprise, the company’s future plans, and latest round of funding from investors that include Stripes, Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.
Privacy and Security
Chris Cunningham of C2 Ventures offers some predictions for what 2021 will bring to tech, covering AR, privacy, insurtech, and much, much more…
Signal Sciences, the developer-focused provider of security solutions for APIs and web applications, has agreed to be acquired by Fastly, the edge computing platform, for $775M. The transaction is structured as $200M in cash and $575M in cash.
50 years of combined security experience between the cofounders and they still couldn’t find a security company they admired. Existing data privacy solutions weren’t built for today’s cloud-based infrastructure and the volume, velocity, and variety of data that enterprises are using. Recognizing this disconnect, Dave Cole and Mark Curphey built Open Raven, a modern data security platform that empowers security teams to understand and track where their company’s data is in the cloud and prevent any security incidents before a breach. Cole shares more about Open Raven’s future plans and recent funding round led by Kleiner Perkins.
For too long online users have been too willing to hand over their personal data in exchange for using mobile services (e.g., Apple, Facebook, Amazon, Google, etc.). As these companies continue to expand their footprints, untethered by regulators, into every facet of their customer’s lives there is a growing revolt.
Recently, the Interior Department ordered the grounding of its drone fleet that was made in China or contained Chinese parts. This comes on the heels of similar actions taken by the Department of Homeland Security in May and the United States Army in 2017. While political pundits credit the ban to the Trump administration’s policy initiatives […]