XM Cyber ​​acquires Cyber ​​Observer to help organizations improve their security posture

XM Cyber ​​acquires Cyber ​​Observer to help organizations improve their security posture

XM Cyber ​​announced the acquisition of Cyber ​​Observer, an innovator in continuous controls monitoring (CCM) and cloud security posture management (CSPM).

This marks the latest growth milestone for XM Cyber ​​in a year in which the company has significantly increased its leadership position in the cybersecurity industry.

Organizations are evolving faster than ever, influenced by increased regulation, competition, and customer expectations. Traditional risk management approaches are no longer cost effective and cannot provide the coverage or speed required in a dynamic digital environment. By combining XM Cyber’s attack path management with Cyber ​​Observer’s continuous control monitoring, security teams will be able to see their cyber exposures and how their existing security controls and detection and response tools can react to these threats at any given time, reflecting the true risk to the business.

The Cyber ​​Observer platform will be integrated into XM Cyber, enabling a universal and continuous view of exposures and weaknesses that put critical assets at risk, as well as security control gaps that fail to prevent attacks. It will also automate compliance validation and reporting for key standards such as ISO, NIST, GDPR, SWIFT, and PCI, among others.

“Even as cybersecurity risk awareness continues to grow, attackers thrive and routinely exploit attack paths that can be used to move laterally through an enterprise network,” said Noam Erez, co-founder and CEO of XM Cyber. “Our goal is to give security teams the ability to easily understand and remediate their security posture on an ongoing basis, including weaknesses, exposures, and compensating security controls across the entire internal and external attack surface that covers systems. local, cloud and SaaS. This acquisition is not an isolated event, but the latest step in our strategy to provide the most comprehensive and proactive security posture management platform in the market.”

Schwarz Group is the fourth largest retailer in the world and a growing force in cloud computing. The company has grown rapidly in the digital space in recent years with the creation of a European cloud. In November 2021, Schwarz acquired XM Cyber ​​as its cyber arm. Since then, XM Cyber ​​has expanded its solutions portfolio, expanded its workforce globally, and grown its customer base. Schwarz’s strong financial stability and broad digital vision are a force multiplier for growth and innovation.

“Cyber ​​Observer’s patented 24×7 monitoring capabilities are a perfect complement to XM Cyber’s award-winning hybrid cloud security platform,” said Shimon Becker, co-founder and CEO of Cyber ​​Observer. “We are excited about this opportunity and look forward to working with the XM Cyber ​​team to deliver the first continuous end-to-end cybersecurity posture management solution that supports both cloud and on-premises coverage.”

Features of the combined solution will include:

  • The ability to identify and fix security control gaps that attackers can exploit to compromise critical assets.
  • Continuous validation of control for cybersecurity tools (in the cloud and on premises) that are well configured and working
  • Expanded attack path prioritization with automated remediation of security control gaps and misconfigurations
  • Continuous validation of compliance with standards such as ISO, NIST, PCI, SWIFT, GDPR and others
  • Automated compliance reports for multiple domains and devices
  • Security Operations Center (SOC) efficiency that flags and prioritizes key alerts that are correlated across multiple security products, along with ongoing analytics that provide alerts on deviation from normal behavior

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