September 2022 Summaries

Detectify, an External Attack Surface Management (EASM) platform, has secured $10 million in additional funding from Insight Partners to enhance its 99.7% accurate vulnerability assessments and boost the adoption of its platform solutions, Surface Monitoring and Application Scanning. Despite a challenging funding environment for tech companies, this investment highlights Detectify's rapid growth and the critical role of its platform in enabling product security and AppSec teams to proactively address vulnerabilities. As Detectify expands into the EASM market, which Gartner identified as a key security trend in 2022, more than 90% of its enterprise customers have adopted the new tool. The company's platform leverages a global community of elite ethical hackers to simulate real-world attacks, helping security teams identify and prioritize vulnerabilities. The new funding will support platform innovation, including the development of custom policies that allow teams to tailor security rules to their specific workflows and risk criteria, ensuring focused and effective remediation. Insight Partners, a prominent global software investor, recognizes Detectify's leadership in EASM and is committed to supporting its long-term growth and innovation in the cybersecurity sector.

Mergers and acquisitions (M&A) expose companies to heightened cybersecurity risks as they integrate and expand their networks, increasing the potential attack surface for cybercriminals. A survey by the IBM Institute for Business Value found that over a third of executives experienced data breaches during M&A activities, highlighting the importance of robust security measures. Companies often face vulnerabilities due to unsecured networks, inadequate security controls, and unmaintained digital assets, making it crucial to implement strong External Attack Surface Management (EASM) strategies to safeguard data and systems. High-profile incidents involving Yahoo!, PayPal, and Google illustrate the potential consequences of insufficient cybersecurity during acquisitions. EASM involves inventorying digital assets and understanding their security risks, enabling better resource prioritization and decision-making. Tools like Detectify Surface Monitoring and Application Scanning utilize crowdsourced security insights to continuously monitor and detect vulnerabilities, helping companies protect their external attack surfaces and secure their merger or acquisition processes effectively.