Fortress Information Security receives $125M to find the answer to supply chain attacks

At the moment, provide chain cybersecurity platform supplier Fortress Information Security introduced that it had raised $125 million as a part of a strategic funding managed by the Non-public Fairness enterprise inside Goldman Sachs Asset Administration. 

To this point, Fortress’ platform features a vary of instruments and options to assist enterprises automate provide chain administration together with threat assessments, workflow, analytics steady monitoring and regulatory reporting. 

Its flagship platform supplies enterprises with an answer for mitigating dangers all through the information provide chain, and extra successfully managing the compliance challenges of the cloud period. 

This newest funding will allow the supplier to innovate new options and increase its present Fortress Asset to Vendor (A2V) library, a central repository of over 40,000 firms’ info, the place asset house owners and suppliers can course of and assess the affect of recent cyberthreats. 

Waging battle on provide chain assaults 

The announcement comes as considerations over provide chain assaults have elevated ever for the reason that SolarWinds breach that befell on the finish of 2020, with organizations just like the Cyber Safety and Infrastructure Safety Company (CISA) issuing pointers up to now 12 months.

Nonetheless, regardless of consciousness of provide chain assaults rising considerably, many organizations are woefully unprepared to defend towards them. 

Simply final 12 months, ENISA discovered that attackers focused provider’s code in 66% of reported incidents, however in 66% of provide chain assaults, suppliers didn’t know or didn’t report on how they had been compromised.

“This more and more flattened world supplies financial and manufacturing advantages, however it additionally leads to a troubling lack of visibility for organizations as they lose whole management of the software program and bodily elements for the merchandise they supply,” stated Alex Santos, Fortress Info Safety’s cofounder and CEO. 

“The resultant final result is an elevated vulnerability to community intrusions, hacks, and extra subtle cyberattacks — placing info, crucial infrastructure and world provide chains in danger,” Santos stated. 

Fortress goals to extend this visibility by offering enterprises with a platform they’ll use to get a holistic view of the cyber dangers that exist all through all the software program provide chain, giving them potential to determine vulnerabilities with the help of real-time threat intelligence, alongside automated remediation capabilities. 

Fixing the provision chain 

Fortress Info Safety is certainly one of many organizations competing within the global supply chain security market, which researchers pegged at $903 million in 2021 and anticipate will attain $1,227 million by 2026 as organizations flip to threat prediction and mitigation applied sciences to become familiar with the rise in ransomware and provide chain assaults. 

One of many group’s opponents is Synopsys, which raised $4.204 billion in revenue final 12 months, and gives an Utility Safety answer, to assist organizations determine and handle end-to-end provide chain dangers by detecting open supply vulnerabilities in growth and manufacturing.

One other new entrant to the market is Palo Alto Networks, who generated over $5.275 billion final 12 months and not too long ago launched a brand new provide chain safety platform referred to as Prisma Cloud, designed to combine with CI/CD workflows to safe cloud infrastructure and purposes with a mixture of container safety, risk detection, and API safety. 

Nonetheless, Santos argues that Fortress stands out as the one holistic provide chain safety supplier in the marketplace as we speak. “Between the information repository and the software program choices, no different firm available in the market supplies this kind of seamless integration,”