Proofpoint, Inc., the cybersecurity and compliance company, has announced a new, cloud-based ObserveIT Insider Threat Management (ITM) platform to provide insider risk detection, accelerated incident response, and broader unified visibility across user activity, data interaction, and threat context.
The developments featured in this new ITM cloud-based platform introduce a new people-centric user risk analysis paradigm that reduces risk, delivers greater ROI, and offers a truly scalable approach for modern cybersecurity teams.
“More than 30 percent of all data breaches are related to insiders – whether they be acting negligently, maliciously, or compromised by an outside actor,” said Mike McKee, executive vice president and general manager of Insider Threat Management for Proofpoint. “To help organisations combat this distinct and complicated threat, we have built on ObserveIT’s heritage as a purpose-built insider threat management solution within a modern, highly scalable and extensible cloud-native architecture. We are thrilled our insider threat customers can now leverage the full capability of Proofpoint’s world-class people-centric cybersecurity platform.”
According to the Ponemon Institute, the average global cost of insider threats rose by 31 percent in two years to $11.45 million and the frequency of incidents spiked by 47 percent in the same time period. As the way people work and interact with information rapidly evolves, the notion of traditional security perimeters subsides, leaving people as the new perimeter. It’s vital that organisations have visibility into where their critical data resides, who has access to it, and verify that those people aren’t abusing that access.
Proofpoint’s integrated people-centric security approach is a powerful solution to the challenges associated with protecting people and the critical data they work with. This integration, which is fundamental to holistically managing insider risk, combines unique real-time threat visibility, cloud app security broker (CASB) information protection, and security awareness training with the ObserveIT endpoint-based ITM platform.
The new cloud-based ObserveIT ITM innovations include:
- Enhanced insider threat detection capabilities that reduce the mean time to detect (MTTD) insider incidents. These advancements lower the frequency and severity of incidents – ultimately decreasing the financial and brand damage associated with insider-led breaches.
- Integrated incident response workflow streamlines and accelerates cross-functional coordination to reduce the mean time to respond (MTTR). This integration also more effectively mitigates adverse impacts related to insider incidents.
- Simplified and highly scalable cloud deployment that delivers organizational agility and minimised time to value for resource-constrained cybersecurity teams.