XM Cyber acquires continuous end-to-end cybersecurity assessment startup Cyber Observer
Cybersecurity firm XM Cyber Inc., owned since November by Schwarz Group, has acquired continuous end-to-end cybersecurity assessment startup Cyber Observer Ltd. for an undisclosed price.
Founded in 2012, Cyber Observer offers a critical controls monitoring solution that is designed to simplify the way cybersecurity tools and monitored and managed. The company’s platform reduces business losses and audit costs by leveraging ongoing monitoring and auditing technology.
Cyber Observer integrates dozens of the most popular security tools with on-premises security posture management, software-as-a-service security posture management and cloud security posture management through a single intuitive interface. The interface enables organizations to continuously monitor, manage and maintain alignment with their cybersecurity posture, cybersecurity best practices, secure business-critical assets and comply with regulatory frameworks.
Cyber Observer’s platform will be integrated into XM Cyber’s to enable a universal, continuous view of the exposures and weaknesses that put critical assets at risk and the security control gaps that fail to prevent attacks. It will also automate compliance validation and reporting for standards like ISO, NIST, GDPR, SWIFT and PCI, among others.
The combination of the two platforms will allow security teams to see their cyber exposures and how their existing security controls and detection and response tools can react to these threats at any given moment, reflecting the true risk to the business.
Features of the combined solution include the ability to identify and fix security control gaps that attackers can leverage to compromise critical assets and continuous control validation for cybersecurity tools (in the cloud and on-premises) that are well-configured and functioning.
The combined solution will additionally offer expanded attack path prioritization with automated remediation of security control gaps and misconfiguration, continuous compliance violation and security operations center efficiency that flags and prioritizes critical alerts correlated across multiple security products.
“Even as awareness of cybersecurity risk continues to grow, attackers are thriving and routinely exploiting attack paths that can be used to move laterally through an enterprise network,” Noam Erez, co-founder and chief executive officer XM Cyber, said in a statement. “Our goal is to give security teams the ability to easily understand and correct their security posture on a continuous basis, including weaknesses, exposures and compensating security controls across the full internal and external attack surface covering on-prem, cloud and SaaS systems.”
Coming into its acquisition, Cyber Observer had raised $12 million in venture capital funding, according to Crunchbase. Investors include Merlin International, SixThirty, Talis Capital and Swarth Group.
Gloss