Technology Cyberhaven releases data detection and response tool to stop...

Cyberhaven releases data detection and response tool to stop insider threats

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The worst threats often come from within. Employees who click on phishing emails, choose weak passwords, or even sell credentials to third parties can cause a data breach costing millions. The problem is that there aren’t many solutions available to prevent negligent and malicious insiders from leaking information.

Therefore today, Cyberhaven announced the launch of the Insider Threat Platform, the industry’s first data detection and response (DDR) platform that can prevent data breaches in real time. The solution can detect data misuse and theft and can automatically intercept an attacker exfiltrating data.

For enterprises, this approach offers the opportunity to reduce the chance that malicious and negligent insiders themselves leak information or allow other threat actors access to the environment. In short, it offers better protection for intellectual property and other valuable data, the company says.

The reality of threats from within

The release comes as insider risks pose a greater threat to corporate data. In reality, threats from within are so common that nearly one in ten employees (9.4%) will exfiltrate data over a six-month period.

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More generally, customer data is the most commonly used type of sensitive data (accounting for 44.6% of incidents), followed by source code (13.8%).

At the same time, employees’ access to critical data becomes a critical risk when they move to another position.

“In recent years, we have witnessed a surge of employees who have changed jobs, in many cases taking their former employer’s intellectual property with them when they join a competitor,” said Howard Ting, CEO of Cyberhaven. “Companies across industries are increasingly dealing with employees and contractors working on behalf of foreign adversaries, stealing product designs and user data.”

In many cases, these insider threats are not due to malicious activity, but users with privileged credentials make genuine mistakes.

“I think we’ve all shared something using a collaboration tool or email and as you type the recipient’s name it autocompletes to the wrong person and you hurriedly hit send,” said Ting.

Cyberhaven’s answer to this problem is to use its data line and graphics engine to extract insights about user behavior and correlate them with insights about what data is classified as sensitive. It’s an approach that can automatically detect and stop internal risks and alert security teams.

Data-centric security and DLP solutions

Cyberhaven’s new solution sits loosely in the data-centric security marketwhich researchers valued at $3.39 billion in 2020 and is estimated to reach $17.12 billion in 2028.

One of Cyberhaven’s main competitors is Power pointwhich offers a Data Loss Prevention (DLP) solution designed to prevent data exfiltration with real-time user behavior auditing, behavior analysis, and unified policy enforcement.

Another competitor is Symantecwith its proprietary DLP solution that can identify data across on-premises and cloud environments to prevent exposure in real-time.

However, Ting argues that the main differentiator between Cyberhaven’s platform and competitors is its preventative capabilities.

“One of the things we hear from customers over and over again is that they don’t just want to be warned about insider threats, they want to stop them, and that’s what our product does,” said Ting. “Previously, security products looked at data and behavior separately, and by analyzing both together, we can detect much more accurately when there is an insider threat.”

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Shreya Christinahttps://ukbusinessupdates.com
Shreya has been with ukbusinessupdates.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider ukbusinessupdates.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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