Identity Management and Information Security News for the Week of February 16; Vectra AI, DirectDefense, BigID, and More

Keeping tabs on all the most relevant identity management and information security news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last month, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy identity management and information security news items.

Identity Management and Information Security News for the Week of February 16

Vectra AI Launches “Industry First” Global, 24×7 Open MXDR Service

Vectra AI, Inc., a leader in detection and response solutions, announced this week the launch of Vectra MXDR (Managed Extended Detection and Response) services, the industry’s “first global, 24×7 open MXDR service built to defend against hybrid attacks.” This comprehensive offering eliminates silos to provide hybrid attack surface visibility across identity, public cloud, SaaS, data center and cloud networks and endpoints via integrations with leading EDR vendors, including CrowdStrike, SentinelOne and Microsoft Defender.

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DirectDefense Launches New Partner Program to Expand its Cybersecurity Ecosystem

DirectDefense, a leading information security services company, this week announced it is launching a new partner program to “drive growth of its cybersecurity ecosystem and empower partners to expand and differentiate their business offerings.” The DirectDefense program enables partners to add new revenue streams by providing managed security services, OT/connected systems security services and professional services from DirectDefense to their current offerings “I understand the power of an effective, innovative channel organization and how partnerships can create new revenue opportunities while helping customers solve their cybersecurity challenges,” said Jared Ballou, Vice President of Business Development and Strategic Alliances. He continued, “That’s why our new partner program is designed to enable partners to provide flexible, customized security services to their customers, helping to protect more businesses from the volatile threat landscape. We are committed to working with our partners to make it easy and profitable for them to do business with us.”

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Object First Announces 200 Percent Growth Since Launching Last Year

Object First, a ransomware and backup storage solutions provider, announced its rapid bookings growth and strong business momentum on the first anniversary of the company launch in February 2023.  Since the launch of Ootbi in February 2023, Object First has deployed over 80 Ootbi installations — six of which were valued over $100,000 USD — and achieved bookings growth of over 200 percent from the first half of the year to the second half. Interest in the solution continues to build, with an over 400 percent increase in inbound sales inquiries in the same period.

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BigID Announces New Access Governance Controls

BigID, a data security and compliance vendor, announced new access governance controls that enable organizations to “easily improve” security posture, mitigate insider risk, achieve zero trust security, and accelerate AI compliance. With BigID, organizations can automatically identify and surface unwanted access exposure across sensitive structured and unstructured data, cloud and on-prem. Organizations can proactively reduce the risk of overexposed data and overprivileged users, monitor potential exposure for insider risk, and manage external user and group access to sensitive data.

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