Monday 27 June 2022

Israel-based hybrid cloud security company XM Cyber has acquired Continuous Controls Monitoring and Cloud Security Posture Management specialist Cyber Observer, the company said.

This marks the latest growth milestone for XM Cyber in a year that has found the company significantly increasing its leadership position in the cybersecurity industry.

Organizations are evolving more quickly than ever before, influenced by increased regulation, competition, and customer expectations.

Traditional risk management approaches are no longer cost-effective and cannot provide the coverage or speed required in a dynamic digital environment.

By combining XM Cyber's market-leading attack path management with Cyber Observer's continuous control monitoring, security teams will be able to see both their cyber exposures along with how their existing security controls and detection and response tools can react to these threats at any given moment, reflecting the true risk to the business.

Cyber Observer's platform will be integrated into XM Cyber's, enabling a universal, continuous view of the exposures and weaknesses that put critical assets at risk, as well as the security control gaps that fail to prevent attacks.

It will also automate compliance validation and reporting for key standards like ISO, NIST, GDPR, SWIFT and PCI, amongst others.

Schwarz Group is the fourth largest retailer in the world and a growing force in cloud computing. The company has grown rapidly in the digital space in recent years with its creation of a European cloud.

In November 2021, Schwarz acquired XM Cyber as its cyber arm.

Since then, XM Cyber has extended its portfolio of solutions, expanded its workforce globally, and increased its customer base. Schwarz's strong financial stability and broad digital vision are a force multiplier for growth and innovation.

XM Cyber is a hybrid cloud security company that is changing the way innovative organizations approach cyber risk.

Its attack path management platform continuously uncovers hidden attack paths to businesses' critical assets across cloud and on-prem environments, enabling security teams to cut them off at key junctures and eradicate risk with a fraction of the effort.

Many of the world's largest, most complex organizations choose XM Cyber to help eradicate risk.

Founded by top executives from the Israeli cyber intelligence community, XM Cyber has offices in North America, Europe, and Israel.