California-based Obsidian Security has landed $90 million from a Series C funding round, which will be allocated toward increasing its workforce and expanding its market, VentureBeat reports.
Through a proprietary "knowledge graph," Obsidian's software-as-a-service Security and Posture Management platform is able to combine various apps' data to achieve a clear view of SaaS environments, according to Obsidian Security CEO Hasan Imam.
Obsidian touts that its SSPM platform could not only identify compromised accounts but also determine insider activity, misconfigurations, excessive privileges, and accidental data exposures.
"We believe that we are just scratching the surface on the set of challenges in front of us, as it relates to SaaS. The differentiation is the graph — because that’s the comprehensive view that allows us to solve for these use cases. But what that also means is that tomorrow, as we see new threat vectors, we have created a model that allows us to quickly solve for a new threat vector that we may not be thinking about today," Imam added.
U.S. critical infrastructure organizations have been noted by the Department of Homeland Security to be at risk of cyberattacks leveraging artificial intelligence, with China and other nation-states exploiting the technology to deploy more advanced malware attacks and influence operations, CyberScoop reports.
Major U.S. consumer product leasing firm Progressive Leasing has disclosed that some of its systems have been impacted by a cyberattack that resulted in the significant compromise of personally identifiable information belonging to its customers and other individuals, according to The Record, a news site by cybersecurity firm Recorded Future.