Code42 - Experts & Thought Leaders

Mimecast, a pioneering global Human Risk Management platform, announced the acquisition of Code42, a pioneer in insider threat management and data loss prevention.  Expanding on the success of their existing technology partnership, this acquisition marks a critical step in Mimecast’s strategy to revolutionise how organisations manage and mitigate human-centered security risks. The financial terms of the deal were not disclosed. Risk management capabilities “Mimecast’s platform stands out in our crowded industry by focusing specifically on the critical moment of risk—a person opening their laptop,” said Mimecast Chief Executive Officer, Marc van Zadelhoff. “Unlike fragmented point solutions, Mimecast provides a connected approach that is engineered to offer complete visibility and strategic insight across customers’ ecosystems, enabling intervention that helps them prevent costly incidents caused by insider risk and data exfiltration. Integrating pioneering solutions like Code42 broadens and deepens our proven security and human risk management capabilities.”  Visibility and strategic insight Code42 feeds market-pioneering insider threat and data leak protection abilities native to the cloud Code42 provides market-pioneering insider threat management and data loss prevention capabilities native to the cloud, enabling companies to seamlessly protect critical data from exposure, loss, leak and theft, while accelerating incident response times. This acquisition will enable businesses to gain comprehensive visibility and strategic insight across the expanding attack surface. “Employee collaboration is at the heart of successful organisations today,” said Joe Payne, President & CEO of Code42. “Protecting organisations from data exfiltration requires enhanced visibility into risky user activities across email, collaboration platforms, web, cloud, and more. By joining forces with Mimecast, we can help customers quickly detect and respond to threats across their expansive digital environments.” Mimecast’s tenacious strategy This acquisition reinforces Mimecast’s tenacious strategy to solve for human risk through a recently unveiled connected HRM platform, and Mimecast Engage™ human risk awareness & training offering – the result of the integration of Elevate Security technology, acquired in December 2023. Mimecast will continue to maintain and support the existing Code42 customer base. Code42’s Incydr™ product is now available for sale to Mimecast customers and these capabilities will be integrated into the Mimecast platform over the coming months. Code42 was advised in its sale to Mimecast by Piper Sandler & Co.

Exabeam, the Smarter SIEM™ company, and Code42, the provider in insider risk detection and response, announced a strategic partnership to help security and insider threat teams quickly detect, investigate and respond to data exfiltration, and reduce risks caused by compromised, negligent or malicious insiders. Customers using the joint solution will benefit from having a full picture of their environment, even in distributed workforce conditions, with automated incident response to obstruct insider threats before data loss occurs. Insider threats are now among the most serious security risks and are becoming increasingly difficult to manage using conventional security technologies. The huge shift to remote working in 2020 has increased the use of personal devices, and at the same time, reduced the effectiveness of existing enterprise security solutions. Remote workers Remote workers have also become the targets of social engineering attacks as cybercriminals attempt to exploit them When devices aren’t accessing assets directly through the corporate network or a VPN and instead going straight to the cloud, on-premise network data loss prevention (DLP) techniques and network firewalls have blind spots. Remote workers have also become the targets of social engineering attacks as cybercriminals attempt to exploit them to access corporate networks. “The unprecedented growth in distributed work presents novel and complex insider threats -- even when compared to just months ago,” commented Grant McCormick, CIO, Exabeam. “As a result, organisations should attach greater urgency to monitoring risky activities that may impact the security of their vital data. Failure to do so creates a potentially catastrophic blind spot in the protection and integrity of enterprise infrastructure.” Technology integration The partnership enhances security across a variety of exfiltration vectors — across endpoint to cloud, through a technology integration, which uses the Exabeam Cloud Connector solution to ingest data that indicates risk from the Code42 IncydrTM product into Exabeam Data Lake and Exabeam Advanced Analytics. Organisations using the Exabeam and Code42 integration will gain the ability to establish or more easily build insider threat programs and processes. These organisations’ security operations centre (SOC) and insider threat teams can: Provide real-time analysis and reporting on security alerts and data exfiltration attempts across their environment Accelerate investigations related to insider threats with detailed incident context across exfiltration vectors, file types, and user attributes and behaviour Resolve insider risk incidents faster through a combined solution that delivers high-fidelity alerts and actionable insights, along with the ability to correlate alert information and triage incidents Protection to systems We can offer organisations the ability to protect their systems and data" Ananth Appathurai, strategic partnerships and ecosystem SVP at Code42, said, “Together, we can offer organisations the ability to protect their systems and data from the malicious and accidental consequences of insider threats. This is vital as the recent changes in workplace culture evolve into permanent distributed strategies that legacy data protection solutions aren’t designed to address.” To further support their cooperation, Exabeam is joining Code42 as a founding partner of the inaugural Insider Risk Summit, where the security community will connect to address the growing data risks from insider threats. Detecting and responding to threats Presented as a virtual event on September 17, 2020, it is the premier gathering for security leaders and professionals to gain knowledge, share insights and advance strategies on detecting and responding to one of the biggest security challenges: the growing risk to IP and data presented by cloud-based collaboration and decentralised work. “This technology collaboration between Exabeam and Code42 will allow employees to use the tools they need to work in distributed environments, while giving security teams visibility into how files are moving across endpoints and cloud applications,” said Chris Stewart, senior director, business development & global alliances at Exabeam. “It’s an important collaborative step, and by joining forces for events such as the Insider Risk Summit, we aim to maximise awareness of the risks of data loss from insider threats.”