Today: Jul 23, 2024

Mimecast elevates security by acquiring human risk management solutions startup.

7 months ago

TLDR:

  • Email security provider Mimecast has acquired human risk management solutions startup Elevate Security for an undisclosed amount.
  • Elevate Security offers a human risk platform to proactively identify and safeguard an organization’s riskiest users, with tailored solutions for security awareness, security operations, and identity and user risk authentication professionals.
  • Mimecast plans to integrate Elevate Security’s technology into its products in the future.

Email security provider Mimecast has acquired human risk management solutions startup Elevate Security for an undisclosed amount. Elevate Security, founded in 2017, offers a human risk platform designed to help enterprises proactively identify and safeguard their riskiest users. The platform offers risk intelligence and risk intervention, allowing security teams to understand and categorize who is most at risk. Elevate Security addresses the problem by identifying those employees to automate response and controls. Mimecast intends to continue to maintain and support existing Elevate Security customers, but the longer-term plan is to integrate Elevate’s technology into Mimecast products in upcoming quarters.

“People, communications and data are core to every organization and artificial intelligence has accelerated cyber criminals’ ability to exploit these essential elements for their own gain,” said David Raissipour, chief technology and product officer at Mimecast. “People are historically the largest vulnerability in an organization but can also be the strongest line of defense if given the right tools and education. That’s our goal with this acquisition and core to our work – manage risk by understanding human behavior in the context of a complex environment and then acting on it.”

Elevate Security offers tailored solutions for security awareness, security operations, and identity and user risk authentication professionals. For security awareness, it engages employees as defenders by understanding individual behaviors, aiding in better organizational protection, and fostering a culture of security accountability. For SecOps, the platform eases Security Operations Center loads by integrating individual risk data into SecOps policies, tooling, and controls automation, enhancing response efficiency and strengthening workforce safeguards. For IAM and IGA professionals, Elevate Security mitigates cybersecurity risks by incorporating each user’s unique risk profile into authentication and access governance processes.

Before the acquisition, Elevate Security had raised $18.3 million in funding from investors including Cisco Investments, CrowdStrike Holdings, and Salesforce Ventures.