Cloud data security company Dig, an Israeli startup, emerged from stealth with an $11 million round of seed funding led by Team8, with cybersecurity firms CrowdStrike, through their Falcon Fund, and CyberArk joining as strategic investors. Dig says that it offers the first cloud Data Detection and Response (DDR) solution.
Israel is at the center of cyber security and new technologies to protect people from hackers. And everything is going into the cloud these days. Soon everything you do will be done online. For example, Microsoft Office is already being offered as an online software as a service (SaaS). This is what is meant by cloud computing.
Whenever you use any programs, like Google Docs, that are not downloaded to your own computer but used online you are using the cloud. And more and more firms are switching over to cloud services for their backups, instead of storing information in their own offices.
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No, this does not mean that the information is spread out over numerous locations. It gets stored in a specific server somewhere. But it does mean that the stored information is vulnerable to hackers.
Dig was founded by Dan Benjamin, Ido Azran and Gad Akuka, three veteran entrepreneurs who’ve previously founded successful companies that were acquired by major firms. They also gained experience at tech giants including Google and Microsoft. Since it was founded, Dig has grown extremely quickly; the company already has a large data security research team and paying customers.
Dig gives organizations complete control over their cloud data, providing real-time Data Detection and Response (DDR). Using one of the industry’s most comprehensive threat models for cloud data attacks, Dig detects, analyzes and responds instantly to threats to cloud data, triggering alerts on suspicious or anomalous activity, stopping attacks, exfiltrations and employee data misuse.
“I’ve spoken to more than a hundred CISOs and hear the same complaints over and over”, said Dan Benjamin, CEO and co-founder of Dig. “Companies don’t know what data they hold in the cloud, where it is, or — most importantly — how to protect it. They have tools to protect endpoints, networks, APIs… but nothing to actively secure their data in public clouds”.