By ET Bureau - May 20, 2021 4 Mins Read
Pathlock, the leading provider of unified access orchestration, today announced the preview availability of version 5.0 of its flagship solution, which enforces 360-degree protection enabling zero trust for more than 140 enterprise applications.
The platform is the first to combine access governance, data loss prevention and user behavior analytics enabling security, finance, IT, and GRC teams to secure critical business applications against insider threats and efficiently meet their ever-growing regulatory compliance obligations.
Aggressive digital transformation initiatives, the exponential growth of cloud computing and a largely remote workforce have made business applications housing sensitive financial, customer and employee data the single biggest source of risk for large enterprises.
Competitive solutions typically focus on a single application or use case, forcing companies to deploy multiple point solutions which drives up cost, reduces visibility and makes it particularly challenging to implement security and compliance policies consistently across multiple disparate systems.
With the launch of their new platform, Pathlock aims to revolutionize the way enterprises secure their most valuable information assets by allowing organizations to continuously monitor for access, data and security risks and create automated incident response plans for all core business applications.
“Today, security teams often overlook business critical applications such as SAP, Oracle, Salesforce, Workday, and NetSuite when it comes to threat protection,” said Larsen Lockwood-Hall, Pathlock’s Chief Product Officer. “With more and more companies moving these applications to the cloud to support today’s remote work environment, the traditional network security perimeter has shifted and it is becoming increasingly difficult to monitor user activity across multiple applications, track key risk indicators and implement proactive response measures. With the launch of this new platform, we are uniquely positioned to help organizations meet this challenge head on.”
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Pathlock boasts unified control of all policies related to information security, governance, risk, and compliance with hundreds of pre-built rules that address the requirements of SOX, GDPR, CCPA, and HIPAA. The latest version ensures complete coverage of key use cases for business critical applications in one package.
This includes user and entity behavior analytics (UEBA), Access Governance, Segregation of Duties, Continuous Controls Monitoring, Emergency Access Management, and Data Loss Prevention (DLP). Users are able to rationalize technology spend with a single platform, saving millions of dollars in annual license and maintenance costs, improving visibility and ensuring that policies are consistently applied across all critical applications.
The list of industry-leading benefits available in the latest version of the platform include:
“At Pathlock, we are enabling secure digital transformation by providing protection to cloud applications and supporting multi-ERP approaches that are prevalent in the current remote-first work culture,” said Anand Adya, Founder and CEO at Pathlock.
“Our recent rebrand, and newly appointed leadership, including board member Rick Howard, supports the product-led strategy to expand coverage and cement Pathlock as the market leader in safeguarding business applications. Our strategy is firmly aligned with customer, prospect, and analyst feedback about the need for a comprehensive and easy to deploy solution to tackle the challenges in today’s complex environment.”
Pathlock continues to build momentum in the access control space with net new bookings in Q1 of 2021 up 158% from Q1 of 2020. Additionally, the company closed strategic deals with three Fortune 100 enterprises in Q1 of 2021 alone.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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