Immuta and ServiceNow team up to address cloud data visibility crisis

“Where is my organization’s critical data?” is CISO’s million dollar question. Today, security leaders need to be able to pinpoint exactly what data content exists and where, so they can deploy access controls to protect it.

Unfortunately, there is a crisis of data visibility in the cloud, with organizations Report 55% of their data is dark and unidentifiable. Not only does this make it difficult to generate insights, but it also leaves valuable data exposed and vulnerable to external threat actors.

Cloud Security Provider immortal aims to solve this problem by automatically detecting and classifying data content in the cloud. Today the company received a strategic investment of an undisclosed amount from service nowa $100 million Series E extension expense round last year.

With cloud adoption Increasingly, the ability to detect and classify data assets wherever they exist in mixture And many clouds environments are now the foundation, not only for enterprise security, but also to enable decision makers to derive insights from their data in the right way.

Solving the data visibility crisis in the cloud

A core challenge for security leaders addressing a data visibility crisis is the need to be able to identify sensitive data in the cloud while implementing access controls. to prevent unauthorized users from accessing that data.

Implementing access control is an area where many organizations are lacking. An Immuta survey out of 600 data professionals find that 97% face challenges in the field, with 54% reporting that securing data with the right permissions is one of the biggest obstacles their.

“The fundamental problem is that securing data in the cloud is too complicated,” said Matthew Carroll, CEO of Immuta. “Today organizations are managing huge amounts of data across many different databases. They also have a significant increase in the number of users who need access to that data.”

He added, “At the heart of it is the exponential explosion of data policies to manage who can access what data. However, the data is difficult to categorize and tag. Thousands of data policies must be created and managed. And it’s almost impossible to monitor how the data is being used.”

from one Follow point of view, if it cannot be monitored then it cannot be used. Nowhere does this illustrate this more clearly than the fact that one of the clients of Immuta, one of the largest banks in the United States, had to close a data lake after only two years of operation because security and compliance teams cannot know the data contained therein.

Immuta aims to avoid these situations through a trio of security solutions: Discover, scan, classify and tag sensitive data; Secure, able to design and enforce data access controls; and Detect, continuously monitor data usage and analyze risk of leaks.

The idea is to equip CISOs and security leaders with a single tool they can use to identify and protect data assets in the cloud.

Data security market

Immuta’s solution is in the big data security market where ally Market Study valued at $13.7 billion in 2019 and is expected to grow to $54.2 billion by 2027 as organizations move to data analysis to enhance their decision-making capabilities regarding the protection of their data assets.

One of Immuta’s main competitors is okrause machines learn to automatically classify and tag sensitive data in the cloud, with the option to de-identify, mask, encrypt, encrypt or anonymize user data.

Okera is now valued at $29.6 million after $15 million expense round led by ClearSky Security in December 2021.

Another competitor is privatea data security and access control provider that provides a platform to automate data discovery and automate data governance processes to support compliance with SOX, PII, PCI, CCPA, HIPAA, FISMA and GDPR.

Privacera most recently raised $50 million in expense with a Series B funding round in 2021.

According to Carroll, the main difference between Immuta and its competitors is the use of attribute-based access control.

“Immuta leverages attribute-based access control (ABAC), instead of traditional role-based access control (RBAC), according to a recent report. GigaOm report reduces the policy burden 93 times and can save organizations about $500,000 in time and opportunity costs,” said Carroll.