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IBM acquires offensive security startup Randori to bolster its cybersecurity toolkit – TechCrunch

IBM announced the acquisition of Randori, a Boston-based offensive security Startup combining Attack Surface Management (ASM) with Continuous Automated Red Reaming (CART) to help organizations strengthen their cyber defenses.

Financial terms of the deal were not disclosed, but Crunchbase data shows Randori has a valuation in the region of $50 million to $100 million. The hacker-led startup has raised nearly $30 million across two funding rounds, most recently a $20 million Series A investment led by harmony partner in April 2020.

ASM – the continuous discovery, inventory, classification and monitoring of an organization’s IT infrastructure – is becoming a must for organizations of all sizes. The number of potential points of vulnerability in hybrid cloud operating environments is growing exponentially as a result of the pandemic-driven shift to remote and Hybrid workWith IBM data shows that 67% of organizations have expanded their external attack surface over the past two years due to increased use of cloud and third-party services internet of things (IoT) devices. The same data shows that 69% were compromised over the past year via unknown, unmanaged or poorly managed internet-connected assets.

Randori which was founded in 2018 by a former carbon black Executive and former Red Team consultant, aims to help organizations continuously identify outward-facing assets, both on-premises and in the cloud, that are visible to attackers. Randori Recon provides organizations with a continuous assessment of their attack surface from the attacker’s perspective, while that of the startup attack platform gives security teams insights into “hacker logic” – such as B. Understanding how they plan, target, and execute attacks by automating real-world attacks to identify where security programs fail.

“We founded Randori to ensure that every organization has access to the attacker’s perspective,” said Brian Hazzard, co-founder and CEO of Randori. “To stay ahead of today’s threats, you need to know what’s exposed and how attackers see your environment – that’s what Randori provides.”

IBM’s acquisition of Randori is another sign of the company’s ongoing shift away from its legacy business and toward cloud software and AI-powered cybersecurity services, which it recently bolstered with its endpoint security platform acquisition ReaQTA. With its recent acquisition, the company – ranked as the second-largest cybersecurity vendor in the world behind Microsoft – will integrate Randori’s Attack Surface Management software with the advanced detection and response (XDR) capabilities of its IBM Security QRadar suite, enabling security teams to leverage the attack surface in real-time visibility.

Randori’s CART technology, which allows security teams to stress test mitigations, is also being used to bolster the capabilities of IBM’s X Force Red Offensive Security Services team, while Randori’s insights from IBM’s Managed Security Services Used to improve threat detection for thousands of enterprise customers.

“If we want to turn the tables on attackers, we need to start behaving like them and continuously automate their latest techniques. Randori brings us that capability while enhancing the offensive security capabilities we bring to the table with our elite hacking team at X-Force Red,” Kevin Skapinetz, VP of Strategy and Business Development at IBM Security, told TechCrunch. “Randori brings a hacker-led approach to ASM that is truly unique, helping organizations view their exposures the way an attacker would. Their prioritization considers not only the risk level of the vulnerability, but also the attractiveness of an asset to potential attackers, based on real working attacks and popular targets and techniques used by today’s attackers.”

IBM expects the transaction, which marks the company’s fourth acquisition of 2022, to close in the next few months, pending regulatory approval.

IBM acquires offensive security startup Randori to bolster its cybersecurity toolkit – TechCrunch Source link IBM acquires offensive security startup Randori to bolster its cybersecurity toolkit – TechCrunch

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