NEOSEC


Associated tags: Intelligence, API, Software as a service, Fraud, PALO, Fine chemical, Risk management, RSA, Web API security

Locations: CALIFORNIA, SAN FRANCISCO, ISRAEL, ALTO, TEL AVIV

Akamai Technologies To Acquire API Security Company Neosec

Retrieved on: 
Wednesday, April 19, 2023

CAMBRIDGE, Mass., April 19, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has entered into a definitive agreement to acquire Neosec, an API detection and response platform based on data and behavioral analytics.

Key Points: 
  • CAMBRIDGE, Mass., April 19, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has entered into a definitive agreement to acquire Neosec , an API detection and response platform based on data and behavioral analytics.
  • Neosec's API security solution will complement Akamai's market leading application and API security portfolio by dramatically extending Akamai's visibility into the rapidly growing API threat landscape.
  • The combined API solutions are expected to put Akamai at the forefront of a critical emerging category of API security for which customers are actively seeking support.
  • "What sets Neosec apart from other API security providers is the complete visibility into all API activity and the use of behavioral analytics that detect threats others miss," said Giora Engel, co-founder and chief executive officer, Neosec.

New EMA Study Shows "Remarkable Disconnect Between Perception and Reality" of API Security

Retrieved on: 
Tuesday, March 28, 2023

PALO ALTO, Calif., March 28, 2023 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics with its API Detection and Response solution, today announced insights into a report it co-sponsored with Enterprise Management Associates (EMA) entitled, API Security: Debunking the Myths. The report indicates that there is a "remarkable disconnect between perception and reality" in today's API security practices versus the reality of security challenges. In particular, most organizations lack the ability to discover and document all APIs they currently have in use, leaving them with no way to protect them. In addition, organizations are focused on external, consumer, internet-facing APIs and leave internal, authenticated B2B APIs unaddressed. The gap has created a false sense of security in what an organization believes about their API security posture.

Key Points: 
  • The report indicates that there is a "remarkable disconnect between perception and reality" in today's API security practices versus the reality of security challenges.
  • In addition, organizations are focused on external, consumer, internet-facing APIs and leave internal, authenticated B2B APIs unaddressed.
  • The gap has created a false sense of security in what an organization believes about their API security posture.
  • The study by EMA confirms that every organization (98.7% of respondents) exposes applications to the internet via APIs and 98.3% see an increase in API usage.

Neosec Wins Cybersecurity Excellence Awards in Three Categories, Including "Most Innovative Cybersecurity Company"

Retrieved on: 
Wednesday, March 22, 2023

PALO ALTO, Calif., March 22, 2023 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics with its API Detection and Response solution, today announced that it has won in three different categories of the 2023 Cybersecurity Excellence Awards, including being selected as the Silver winner of "Most Innovative Cybersecurity Company."

Key Points: 
  • "We congratulate Neosec for the recognition as an award winner in three categories, including API Security, Threat Hunting and Most Innovative Cybersecurity Company," said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 8th annual Cybersecurity Excellence Awards.
  • Neosec was awarded the Gold winner for "Threat Hunting" and the Silver winner for the category of "API Security."
  • "We are rapidly gaining growth and recognition, as organizations discover that the traditional approach to API security is woefully insufficient.
  • The Cybersecurity Excellence Awards honor individuals and companies that demonstrate excellence, innovation, and leadership in information security.

Neosec Integrates Advanced API Security and Monitoring with Cortex XSOAR Platform from Palo Alto Networks

Retrieved on: 
Tuesday, January 24, 2023

PALO ALTO, Calif., Jan. 24, 2023 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics with its API Detection and Response solution, today announced the availability of a Neosec content pack for API Security to integrate findings and alerts of API vulnerabilities, misuse and fraud with the Cortex™ XSOAR platform from Palo Alto Networks. The integration enables security teams to have a faster, more efficient response to API threats and abuse using XSOAR automated playbooks and providing alerts on dashboards. Cortex XSOAR is a comprehensive security orchestration, automation and response (SOAR) platform that unifies case management, automation, real-time collaboration and threat intelligence management to serve security teams across the incident lifecycle.

Key Points: 
  • PALO ALTO, Calif., Jan. 24, 2023 /PRNewswire/ -- Neosec , the pioneer in discovering and identifying API threats using behavioral analytics with its API Detection and Response solution, today announced the availability of a Neosec content pack for API Security to integrate findings and alerts of API vulnerabilities, misuse and fraud with the Cortex™ XSOAR platform from Palo Alto Networks.
  • Cortex XSOAR is a comprehensive security orchestration, automation and response (SOAR) platform that unifies case management, automation, real-time collaboration and threat intelligence management to serve security teams across the incident lifecycle.
  • "With the Neosec content pack for the Cortex XSOAR platform, security teams can efficiently gain awareness and intelligence of API threats and respond to them quickly."
  • With the Neosec content pack, Cortex XSOAR customers can rely on the automated expertise of the Neosec API security solution to uncover meaningful anomalies within APIs and utilize the Cortex XSOAR automated playbooks for response and remediation.

Neosec Recognized as Leader in GigaOM Radar for API Security

Retrieved on: 
Tuesday, December 6, 2022

PALO ALTO, Calif., Dec. 6, 2022 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics, today announced that it has been recognized as a fast-moving leader in the 2022 GigaOM Radar for API Security. Neosec combines automated, comprehensive and continual API discovery with automated behavioral analytics to uncover potential fraud, abuse or misuse being conducted through business APIs. Neosec also provides an API investigation and threat hunting capability or service.

Key Points: 
  • PALO ALTO, Calif., Dec. 6, 2022 /PRNewswire/ -- Neosec , the pioneer in discovering and identifying API threats using behavioral analytics,today announced that it has been recognized as a fast-moving leader in the 2022 GigaOM Radar for API Security.
  • Neosec combines automated, comprehensive and continual API discovery with automated behavioral analytics to uncover potential fraud, abuse or misuse being conducted through business APIs.
  • "We are pleased to be recognized as a leader in the GigaOM Radar and to see continually growing momentum for our unique approach."
  • The 2022 GigaOM Radar on API Security can be obtained directly from GigaOM.

Neosec Introduces Automated Tokenization to Enable Full API Visibility Without Exposure of Sensitive Data

Retrieved on: 
Tuesday, November 15, 2022

PALO ALTO, Calif., Nov. 15, 2022 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics, today announced that it now tokenizes API activity data to enable organizations to fully see and store API data, removing the possibility of keeping sensitive data at-rest.

Key Points: 
  • API Discovery and Threat Monitoring Solution Tokenizes API Data at its Source for Secure Behavioral Analytics, Storage, Compliance and Investigations
    PALO ALTO, Calif., Nov. 15, 2022 /PRNewswire/ -- Neosec , the pioneer in discovering and identifying API threats using behavioral analytics, today announced that it now tokenizes API activity data to enable organizations to fully see and store API data, removing the possibility of keeping sensitive data at-rest.
  • Neosec successfully retains all API activity data, in the highest fidelity, and ensures it meets data privacy standards."
  • Neosec also enables proactive API threat hunting and investigations without storing any sensitive data.
  • The automated API data tokenization is now a capability of the Neosec platform and is fully available.

Neosec Integrates with Google Cloud Apigee API Management to Prevent Business API Fraud and Abuse

Retrieved on: 
Wednesday, September 7, 2022

PALO ALTO, Calif., Sept. 7, 2022 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics, today announced a seamless, fast integration solution with Apigee, which enables customers to design, secure, analyze, and scale APIs anywhere with visibility and control. The Neosec API security solution leverages the  capabilities of Apigee by fully discovering and maintaining an up-to-date inventory of all APIs in use by an organization, whether managed through Apigee or elsewhere, providing information and risk assessments of each. Neosec uses machine learning and behavioral analytics to find fraud and abuse by third parties and attackers.

Key Points: 
  • Neosec uses machine learning and behavioral analytics to find fraud and abuse by third parties and attackers.
  • The Apigee integration from Neosoc supports both Apigee Edge and Apigee X, enabling both communities of users to direct API traffic activity to the Neosec platform to secure their APIs.
  • The Apigee integration is part of an ongoing Neosec initiative to increase the number of user-friendly integrations with leading technology platforms.
  • API Management products like Google's Apigee deliver crucial API activity data to the Neosec platform", said Giora Engel, co-founder and chief executive officer, Neosec.

Neosec Enhances API Security Platform, is Named a Gartner Cool Vendor, Wins Numerous Awards and Expands Management Team with Key Hire

Retrieved on: 
Tuesday, June 28, 2022

PALO ALTO, Calif., June 28, 2022 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics, today announced additions to its platform for discovering and assessing all APIs in use by an organization and preventing fraud and abuse of business assets and processes through them. The features reflect rapidly growing market demand and recognition as companies grapple with potential loss of money, data, trust and resources through the use of business APIs.

Key Points: 
  • This centralized view is particularly important when an organization has a large number of APIs and services in place.
  • Detailed risk scoring, risk posture and a quick way to see risk changes makes it easy to manage large sets of APIs.
  • A new automated service and endpoint risk scoring shows risk values and risk changes for each API and endpoint.
  • For more information about the Neosec platform:
    Neosec is re-inventing application security with a powerful platform that unifies security and development teams to protect modern applications from threats.

Neosec Introduces Industry First Expert Managed Threat Hunting Service for Detecting and Investigating API Abuse and Vulnerabilities

Retrieved on: 
Thursday, June 2, 2022

PALO ALTO, Calif., June 2, 2022 /PRNewswire/ -- Neosec, the pioneer in discovering and identifying API threats using behavioral analytics, today announced the availability of ShadowHunt, an expert-staffed managed threat hunting service to augment its platform with human oversight from active threat hunters to identify the most clandestine and obfuscated API abuse. Borrowing from threat hunting capabilities in EDR and XDR, Neosec brings similar techniques to API security. ShadowHunt gives security teams peace of mind that API security experts are examining abnormal behavior on their API estate.

Key Points: 
  • Borrowing from threat hunting capabilities in EDR and XDR, Neosec brings similar techniques to API security.
  • ShadowHunt gives security teams peace of mind that API security experts are examining abnormal behavior on their API estate.
  • "The new ShadowHunt service augments our platform with an expert team to monitor API usage and hunt for fraud, abuse or critical vulnerabilities without any drain on an organization's existing security team."
  • Neosec has pioneered the use of behavioral analytics to understand normal versus abnormal API usage and delivers powerful threat hunting capabilities together with a team of expert threat hunters.

Neosec Selected as SC Media Excellence Award Finalist

Retrieved on: 
Wednesday, May 25, 2022

PALO ALTO, Calif., May 25, 2022 /PRNewswire/ -- Neosec today announced that its cloud-based platform for managing API use and abuse has been recognized as an Excellence Award finalist in the Best Emerging Technology category for the 2022 SC Awards. Rather than simply identify potential API structural vulnerabilities, the Neosec platform continually discovers all APIs in use and applies behavioral analytics and machine learning to identify fraud and abuse in APIs that connect valuable company resources to third parties. Recently, Neosec was named a 2022 Gartner Cool Vendor in Application Security: Protection of Cloud-Native Application and was selected as a finalist in the RSA Innovation Sandbox to take place June 6 at the RSA conference in San Francisco.

Key Points: 
  • PALO ALTO, Calif., May 25, 2022 /PRNewswire/ -- Neosec today announced that its cloud-based platform for managing API use and abuse has been recognized as an Excellence Award finalist in the Best Emerging Technology category for the 2022 SC Awards.
  • Recently, Neosec was named a 2022 Gartner Cool Vendor in Application Security: Protection of Cloud-Native Application and was selected as a finalist in the RSA Innovation Sandbox to take place June 6 at the RSA conference in San Francisco.
  • Now in its 25th year, the SC Awards are cybersecurity's most prestigious and competitive program.
  • A complete list of the finalists in the Best Emerging Technology Excellence Award category is now on the SC Media website.