The Illusive team (Illusive Networks)
Illusive Networks, an Israeli cyber defense startup, has been acquired by Proofpoint Inc., an American cybersecurity and compliance company. Terms of the acquisition have not been revealed.
Founded in 2014, lllusive says that the company’s system continuously discovers and automatically remediates privileged identity risks that are exploited in all ransomware and other cyberattacks. Despite best-practice investments to protect identities, including deployment of PAM and MFA, 1 in 6 enterprise endpoints holds exploitable identity risks.
“It’s currently far too easy for an attacker to turn one compromised identity into an organization-wide ransomware incident or data breach,” said Ryan Kalember, executive vice president, cybersecurity strategy, Proofpoint. “The acquisition of Illusive reinforces Proofpoint’s commitment to innovation and growth, bringing market-defining technology to make threat actors’ jobs as difficult as possible.”
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Illusive’s solutions are trusted by leading multinational corporations, protecting some of the world’s best-known brands by taking away what attackers need to complete their crime: privileged account access.
“Illusive is solving a problem that others cannot by focusing on protecting identity security vulnerabilities and stopping the menace of ransomware, which has galvanized worldwide demand for our solution,” said Ofer Israeli, founder and CEO, Illusive. “We are thrilled to join Proofpoint and add our unique approach to ITDR to its people-centric security vision, helping organizations remediate privileged identity risks and understand potential ramifications of compromise, such as access to critical data and intellectual property.”
Proofpoint, Inc. is a cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint says it helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 75 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web.
