Acquisition of Inside Agent by Huntress
Huntress has recently acquired Inside Agent, a company renowned for its focus on improving security measures for Microsoft 365 environments. This acquisition is a significant move that enhances Huntress' offerings in identity security, allowing for the development of a robust Identity Security Posture Management (ISPM) solution. This new solution aims to fortify defenses for businesses, regardless of their size, against both insider and external threats.
The Threat Landscape of Identity Security
Identity-based attacks are on the rise and pose a critical risk to organizations. Recent reports indicated that such incidents account for a staggering 40% of all security breaches. Alarmingly, 67% of organizations have noted an uptick in identity-related incidents in recent years, emphasizing the need for proactive security measures. A troubling 68% reported being unable to detect these threats until after they had already taken root.
The Importance of Identity Security
As Todd Thiemann, a cybersecurity industry analyst, pointed out, many cyber incidents hinge on identity-related vulnerabilities. Attackers often find it easier to exploit identities than to breach systems directly. This underlines the necessity for organizations to cultivate an optimal identity security posture that not only minimizes attack surfaces but also enhances their abilities to detect and respond to potential threats.
Features of the New ISPM Solution
The forthcoming Huntress ISPM solution will leverage over 100 assessments across various environments based on recognized industry standards. It will continuously monitor for misconfigurations, stale accounts, and excessive privileges, which are common vulnerabilities that attackers exploit. This proactive stance is designed to thwart threat actors before they have a chance to weaponize credentials or session tokens.
Commitment to Cybersecurity Innovation
The evolution of identity security is crucial, as Prakash Ramamurthy, Huntress' Chief Product Officer, articulated the company's commitment to remain ahead of increasingly sophisticated threats. Huntress has seen phenomenal growth, marked by a 129% year-on-year increase, demonstrating its effectiveness in the industry. This acquisition will enhance Huntress’ strategies for safeguarding identity security.
Expanding the Huntress Ecosystem
With the addition of Inside Agent's capabilities, Huntress will broaden its identity security stack, ultimately delivering accessible full-spectrum identity security solutions to organizations of all sizes. Currently, Huntress powers over 8 million identities globally, ensuring businesses can effectively identify and respond to security threats.
Adding Value to Clients
Scott Riley, former CEO of Inside Agent, expressed enthusiasm about the acquisition, highlighting the strong reputation of Huntress and its commitment to ethical practices. He noted the company's determination to combat threats, aligning well with the mission of Inside Agent, making this transition seamless and impactful.
About Huntress
Huntress is a global cybersecurity firm dedicated to making enterprise-grade security solutions accessible to businesses of all sizes. The company’s technology addresses the varying needs of security teams and IT professionals, ranging from endpoint detection and response to identity threat detection. Their 24/7 AI-assisted security operations center comprises a team of experts devoted to thwarting cyber threats.
Protecting Organizations Globally
Huntress protects more than 4 million endpoints and safeguards 8 million identities for organizations around the world. The company’s commitment to cybersecurity means that as long as hackers are active, Huntress will continue to innovate and hunt for threats. Follow them for updates on ways to protect your business from identity-based threats.
Frequently Asked Questions
What does Huntress do?
Huntress is a cybersecurity company focused on providing enterprise-grade security solutions to businesses, emphasizing identity security and threat detection.
Why did Huntress acquire Inside Agent?
The acquisition aims to enhance Huntress' identity security offerings and develop a robust Identity Security Posture Management solution.
How does identity security relate to cybersecurity threats?
Identity security is critical as most cyber incidents involve exploiting identities to gain unauthorized access to systems.
What is the new ISPM solution?
The ISPM solution by Huntress is designed to improve identity security by monitoring for vulnerabilities and misconfigurations across environments.
How large is Huntress' customer base?
Huntress currently protects over 8 million identities and 4 million endpoints across more than 200,000 organizations globally.
