Palo Alto Networks has confirmed its intention to acquire cloud security start-up Dig Security, a provider in data security posture management.
As the cloud continues to be the storage solution of choice, almost 70% of organisations have placed their data in the public cloud. This spread has been further broadened with the growing popularity of generative AI, leading to sensitive data being scattered across diverse cloud services. Such dispersion includes distributed databases, PaaS services, vector databases and more.
The need for organisations to identify sensitive data, manage user access proficiently, and establish strong security against both internal and external threats has never been more pressing. Given the continuous rise in cloud data breaches, the pivotal role of DSPM in shaping an all-inclusive cloud security strategy is undeniable.
At its core, Dig’s DSPM solution empowers organisations to pinpoint, categorise, oversee, and safeguard sensitive data across every cloud data store. Such capabilities promise to offer Palo Alto Networks’ clientele unparalleled insight and dominion over their expansive multi-cloud data landscape.
Upon finalising the acquisition, Dig’s offerings will be smoothly incorporated into the Prisma Cloud platform, ensuring instantaneous data security from coding to cloud. Dig was birthed through the entrepreneurial spirits of Dan Benjamin, Ido Azran, and Gad Akuka, who will remain at the helm of their teams, becoming part of the Prisma Cloud group under Palo Alto Networks.
Lee Klarich, chief product officer for Palo Alto Networks, said, “As companies build AI-enabled applications, there will be a substantial increase in the amount of data transferred to the cloud. Dig’s highly innovative DSPM technology helps safely enable this shift, and its dedicated team will complement and help advance Palo Alto Networks’ strengths across cloud security. The announcement of our intent to join forces with Dig reinforces our longstanding commitment to our team in Israel and to continue growing our footprint with its talented and dedicated cybersecurity professionals.”
Ankur Shah, svp products, Prisma Cloud for Palo Alto Networks, said, “Data protection was the top priority for cloud security cited in the 2023 The State of Cloud-Native Security Report. Upwards of 75% of respondents noted that the number of point tools they use creates blind spots. Dig lets security teams see and secure their data across multi-cloud environments. This visibility and security is becoming increasingly important in the age of generative AI. Dig’s innovation, coupled with Prisma Cloud’s leading code-to-cloud intelligence highlighted in the recent Darwin release, will create what CISOs need to drive complete cloud security and data protection with a single, integrated, cloud-native platform.”
Dan Benjamin, co-founder & CEO, Dig Security, said, “Modern cloud applications leverage a broad set of data stores to meet the complex needs of businesses. We developed an award-winning DSPM solution to alleviate this strain by providing a centralized offering to monitor and manage the security of these cloud data stores. Integrating Dig’s technology with Prisma Cloud will enable customers to effectively manage the security of their diverse data stores in modern cloud applications and reduce the risk of data breaches. My co-founders and I look forward to continuing our innovation journey with Palo Alto Networks to make the world safer.”
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Copyright © 2018 RegTech Analyst
