Security, by its very nature, is one of the most innovative fields on the planet. Every technological advancement carries with it a handful or more of new attack vectors, which in turn lead to a dizzying amount of security innovation as our industry works to mitigate risk and defend against threats. But for all this innovation, there are a few ways in which security lags far behind.
Today, we’re announcing our $50 million Series B funding led by Insight Partners with participation from SentinelOne, GGV Capital, and Bessemer Venture Partners. Together with them, we believe that security teams deserve better. Better ways to collaborate, better ways to work, better ways to keep our lives and livelihoods protected.
Enterprises and small businesses alike are facing challenges that impact their ability to maintain adequate cybersecurity. Budget constraints and limited staff are just a couple of reasons why businesses have become more susceptible to cyberattacks. Hackers are becoming smarter, and the tools that teams deploy are growing in number, leading to fragmentation and increased vulnerabilities.
We live in a technological society, and cyber attacks are on the rise. Much of this fraudulent activity is linked to malicious actors or gangs of cyber criminals who are trying to exploit anything they can get their hands on. By using tools like Cobalt Strike or customized alternatives, they attempt to penetrate an organization's defenses in order to gain leverage, exfiltrate PIIs, plant ransomware or CnC beacons, or perform other kinds of malicious acts.
Controlling access to sensitive data is tough. Be too restrictive, and your employees run into too many roadblocks to do their jobs effectively. Too loose, and you are effectively guaranteeing that your organization will find itself on the front page as a victim of one of the many data breaches happening every day. That is why it is important to craft an effective data security strategy: one that relies on automation and oversight to ensure the privacy of your users’ data.
Maintaining an online business presence nowadays means that malicious actors are going to target and likely exploit any application vulnerabilities they can find sooner or later. According to the 2021 Mid Year Data Breach Report, although the number of breaches has declined by 24%, the staggering number of records that were exposed (18.8 billion) means that there is still room for improvement.
