Zscaler to thwart SaaS attacks with the acquisition of Canonic Security
By MYBRANDBOOK
Amidst concerns about the security of data in SaaS applications, Zscaler has announced an agreement to acquire a startup Canonic Security that is focused on protecting against attacks targeting software-as-a-service.
Zscaler said it will integrate Canonic’s capabilities into its recently announced data protection offering by enhancing its cloud access security broker (CASB) solution as well as its SaaS security posture management (SSPM) tool.
While the terms of the acquisition deal were not disclosed, Canonic Security had announced raising just $6 million in funding. The startup, , had exited stealth a year ago with technology that allows organizations to assess the security of applications and integrations that are connected to a certain SaaS app, before granting access to their own business applications.
The startup’s technology aims to “prevent organizations’ growing risks of SaaS supply chain attacks,” Zscaler said in a news release.
“Many organizations have adopted hundreds of SaaS apps at this point, and their users are connecting thousands of third-party applications and browser extensions to their critical SaaS platforms like Atlassian Suite, Microsoft 365, Salesforce, Google Workspace, and Slack without IT’s permission,” the company said. “Canonic’s solution allows cybersecurity and IT teams to quickly gain visibility to this ungoverned surface area and streamline SaaS application governance and enforcement.”
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