MINNEAPOLIS--(BUSINESS WIRE)--Sep 15, 2020--

Code42, the insider risk detection and response leader, today announced the Code42 Incydr™ product, a new SaaS offering that protects organizations' intellectual property, source code and trade secrets. The SaaS solution is built to mitigate exposure from data exfiltration and directly addresses the gaps in security solutions for insider threats, the cause of 66% of breaches.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200915005441/en/

“Insider risk is an inescapable, growing problem that has been underestimated, underfunded and under the radar for too long,” said Code42 President and CEO Joe Payne. “The pandemic and its impact on workforce collaboration is a catalyst for security teams to rethink how they address data protection without compromising collaboration. Incydr prioritizes risks to data and provides fast and easy event investigation and response capabilities, while paving a new path for companies to protect their trade secrets.”

The business world has been redefined in 2020 as entire workforces are now widely distributed, and traditional network perimeters have further dissolved. The use of collaboration technologies has exploded to facilitate worker productivity and innovation. These transformative market forces have introduced pervasive and growing risks to corporate IP – the lifeblood of many organizations – with traditional security solutions often unable to prevent it from falling into the wrong hands.

“For me, it’s about actionable intelligence. With the insights that Incydr provides, we are able to quickly and easily determine what is normal behavior and what is an indicator of insider risk,” said Dustin Fritz, senior security architect at UserTesting, a leading provider of on-demand human insights. “We need to be able to trust our employees, but we also need to be able to have visibility into risky data behavior so we can inform, engage and educate, and, where necessary, be able to detect and respond to actual risks before they become an incident.”

End-to-End Insider Protection, From Monitoring to Response

Incydr delivers the detailed intelligence security teams need to identify and act on the greatest risks to their data. Unlike conventional DLP, CASB and UEBA tools that take singular views of risk, Incydr correlates rich context across three dimensions – files, vectors and users – to speed insider threat response.

Incydr features built-in case management functionality so security teams can efficiently compile, document and disseminate investigation details for formal insider risk incidents. With proper context on hand, organizations can remediate incidents through automated action, corrective conversation, additional training or litigation.

Additional features of Incydr:

  • Delivers comprehensive visibility across computers, cloud and email: Is informed by direct integrations with corporate cloud and email services and an endpoint agent that continuously observes all on- and off-network employee file activity taking place on Mac, Windows and Linux endpoint devices, regardless of what is considered acceptable by security policy.
  • Differentiates between trusted and untrusted file activity: Surfaces file events happening across a variety of vectors, such as email, Dropbox, iCloud, USB, browser uploads, Slack and Airdrop. Filters out the noise of file movement to trusted vectors to surface only concerning activity.
  • Delivers high-fidelity risk signal:Prioritizes the file events that represent the most risk to data and warrant deeper investigation by security teams, such as file movement that takes place outside an employee’s normal work hours.
  • Provides efficient workflows to protect vulnerable data: Offers prescriptive workflows to quickly detect and respond when data is most vulnerable to threat, including during employee offboarding or remote work. Delivers company-wide visibility to identify gaps in security awareness, uncover shadow IT, and validate the efficacy of other security technologies.
  • Offers fast time to value: Deploys in as little as 48 hours and positively impacts an organization’s security posture within two weeks.

Surfaces Data Exposure Trends

Telemetry data generated by Incydr between July 1 and August 31 reveals:

  • On average, a typical employee causes 20 file exposure events per day.
  • Nearly half (45%) of all file exposure events detected involve business files or source code, which are the most likely data types to trigger a high-value data leak incident.
  • Data exfiltration is not limited to the traditional work week. More than one-third of weekend file exposure events happened via removable media, a surprising – and suspicious – choice of vector for employees working from home.

Access Incydr for Free

Incydr is available immediately and security teams can choose from two product plans – Incydr Basic and Incydr Advanced. Organizations interested in trying Incydr can sign up now for a 30-day free trial.

Industry Accolades

Code42 has earned a number of industry awards in 2020 for its innovative insider risk capabilities, including a CyberDefense Magazine InfoSec Award for Best Insider Threat Detection and a Cybersecurity Excellence Gold Award for Best Insider Threat Solution. For a complete list of Code42’s industry recognitions, visit the Honors page on the company’s website.

About Code42

Code42 is the leader in insider risk detection and response. Native to the cloud, Code42 rapidly detects data loss, leak, theft and sabotage as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. With Code42, security professionals can protect corporate data and reduce insider risk while fostering an open and collaborative culture for employees. Backed by security best practices and control requirements, Code42’s insider risk solution can be configured for GDPR, HIPAA, PCI and other regulatory frameworks.

More than 50,000 organizations worldwide, including the most recognized brands in business and education, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners. Code42 was recognized by Inc. magazine as one of America’s best workplaces in 2020. For more information, visit code42.com, read Code42’s blog or follow the company on Twitter.

© 2020 Code42 Software, Inc. All rights reserved. Code42, the Code42 logo, and Incydr are registered trademarks or trademarks of Code42 Software, Inc. in the United States and/or other countries. All other marks are properties of their respective owners.

CONTACT: Kristin McKenzie

Public Relations Principal, Code42

844-333-4242

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: SOFTWARE MOBILE/WIRELESS NETWORKS PROFESSIONAL SERVICES INTERNET DATA MANAGEMENT TECHNOLOGY SECURITY LEGAL HUMAN RESOURCES PRACTICE MANAGEMENT HEALTH TELECOMMUNICATIONS

SOURCE: Code42 Software, Inc.

Copyright Business Wire 2020.

PUB: 09/15/2020 09:14 AM/DISC: 09/15/2020 09:14 AM

Copyright Business Wire 2020.