Archivo de la categoría: Adallom

Microsoft unveils cloud security plans for Adallom amid rising cloud unrest

Cloud securityMicrosoft has announced its plans for Israeli founded cloud security firm Adallom, the cloud security firm it bought for a reported $250 million.

Detail of the plans for its new acquisition was unveiled in a Microsoft blog by corporate VP for cloud and enterprise marketing Takeshi Numoto. Though reports of the acquisition emerged in July details of Microsoft’s cloud security strategy have only just been unveiled.

The frequency of advanced cybersecurity attacks has made security ‘top of mind’ among cloud users, according to Numoto. The acquisition of Adallom will expand Microsoft’s existing identity assets by acting as a cloud access security broker, allowing customer to see and control application access, Numoto explained. It will also protect critical company data stored across cloud services. Adallom helps secure and manage popular cloud applications including Salesforce, Box, Dropbox, ServiceNow, Ariba and Microsoft’s own Office 365.

Adallom will complement existing Microsoft offerings as part of Office 365 (serving in a monitoring capacity) and the Enterprise Mobility Suite (EMS), which includes Microsoft’s Advanced Threat Analytics system. Microsoft had previously bought another cloud-security vendor, Aorato, with Israeli Defence Force ties, in 2014. Aorato was rebranded as Advanced Threat Analytics.

Adallom’s technology monitors the use of software-as-a-service applications and was created by founders 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik who met while serving in intelligence for the Israel Defense Forces.

The unveiling of Microsoft’s cloud defence plans coincides with an independent report, by Osterman Research, that 76 per cent of UK firms are concerned about the lack of security in the cloud, with consumer-grade cloud storage of corporate documents being named as the chief cause of unease.

The report found that employees preferred consumer-focused file sync and share (CFSS) solutions to enterprise-grade file sync and share (EFSS) solutions in the workplace, and often failed to consider the security risk posed by CFSS solutions.

Services that will be monitored by Microsoft’s new cloud security acquisition, such as Dropbox, which allow consumers to instantly sync files across all devices, but do not provide the same protection of information as EFSS, were identified in Osterman Research’s report as a particular cause for concern.

“Use of CFSS over EFSS significantly increases corporate risk and liability,” the Osterman Research report warned.

“We are thrilled to welcome the Adallom team into the Microsoft family,” said Numoto in his Microsoft blog, “cybercrime will persist in this mobile-first, cloud-first era, but at Microsoft we remain committed to helping our customers protect their data.”

Microsoft buys Islraeli security startup Adallom for $320, plans Israel cybersecurity centre – report

Microsoft has reportedly acquired Adallom for $320m in a cloud security push

Microsoft has reportedly acquired Adallom for $320m in a cloud security push

Microsoft has apparently added Israeli cloud security startup Adallom to its arsenal, with multiple reports claiming the software company paid nearly $320m for the firm. The reports also suggest Microsoft is planning to open a cyber security centre in the region using some of the local talent it has acquired.

Adallom has not confirmed the acquisition, while Microsoft spokespeople told BCN that the company has “nothing to share” about the reports.

Adallom (an abbreviation of the Hebrew saying “ad halom,” which means “up to here” or “the last line of defence”) is a security service that integrates with the authentication chain of a range of SaaS applications and lets IT administrators monitor usage for every user on each device.

The software works with a conjunction of end-point and network security solutions and has a built-in, self-learning engine that analyses user activity on SaaS applications and assesses the riskiness of each transaction in real-time, alerting administrators when activity becomes too risky for an organisation given its security policies.

The company, which has its headquarters in California and a research and development outfit in Israel, was founded by cybersecurity veterans Assaf Rappaport, Ami Luttwak and Roy Reznik in 2012.

The acquisition, first reported by Israeli business paper Globes, comes over half a year after its last security purchase; according to that report Microsoft plans to put Adallom and a number of other Israeli startups at the core of a new cybersecurity centre in Israel, a thriving hub from cybersecurity startups.

In November last year Microsoft ended months of speculation when it confirmed it bought another Israel-based security startup, Aorato, which offered software that tracks user behaviour when accessing applications linked to Active Directory, both in the cloud and on premise.

Cloud security vendor Adallom secures $30m in series C led by HP

Adallom secured $30m in new funding this week from HP Ventures among others

Adallom secured $30m in new funding this week from HP Ventures among others

Cloud security service provider Adallom announced this week it has secured $30m in a series C funding round led by Hewlett Packard Ventures, which the company said it would put towards research and development.

Adallom, which was founded by cybersecurity veterans Assaf Rappaport, Ami Luttwak and Roy Reznik in 2012, offers a security service that integrates with the authentication chain of a range of SaaS applications and lets IT administrators monitor usage for every user on each device.

The software works with a conjunction of end-point and network security solutions and has a built-in, self-learning engine that analyses user activity on SaaS applications and assesses the riskiness of each transaction in real-time, alerting administrators when activity becomes too risky for an organisation given its security policies.

The company said the latest funding round, which brings the total amount secured by the firm since its founding three years ago to just under $50m, speaks to the rapid growth of the SaaS market, and the need for more flexible security solutions.

“The market’s embrace of our approach to cloud security and our investors’ continued confidence in our products, team and results to date is a strong endorsement of Adallom. It also serves as encouragement to continue to execute on our mission to deliver the best platform for protecting data in the cloud,” said Rappaport, Adallom’s chief executive. “We’re determined to exceed the expectations of our customers and investors, and continue our innovation in this market.”

The company said the investment will be used to double down on development and improve support for more services; it claims the security service already supports over 13,000 cloud apps.

Adallom’s funding round caps off a successful month for a number of cloud security vendors, with Palerra, ProtectWise and Elastica all securing millions in investment.