SUNNYVALE, Calif., June 30, 2020 (GLOBE NEWSWIRE) -- Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced a new, cloud-based ObserveIT Insider Threat Management (ITM) platform to provide insider risk detection, accelerated incident response, and broader unified visibility across user activity, data interaction, and threat context. Generally available today, the innovations featured in this new ITM cloud-based platform introduce a new people-centric user risk analysis paradigm that reduces risk, delivers greater ROI, and offers a truly scalable approach for modern cybersecurity teams.

“More than 30 percent of all data breaches are related to insiders – whether they be acting negligently, maliciously, or compromised by an outside actor,” said Mike McKee, executive vice president and general manager of Insider Threat Management for Proofpoint. “To help organizations combat this distinct and complicated threat, we have built on ObserveIT’s heritage as a purpose-built insider threat management solution within a modern, highly scalable and extensible cloud-native architecture. We are thrilled our insider threat customers can now leverage the full capability of Proofpoint’s world-class people-centric cybersecurity platform.”

According to the Ponemon Institute, the average global cost of insider threats rose by 31 percent in two years to $11.45 million and the frequency of incidents spiked by 47 percent in the same time period. As the way people work and interact with information rapidly evolves, the notion of traditional security perimeters subsides, leaving people as the new perimeter. It’s vital that organizations have visibility into where their critical data resides, who has access to it, and verify that those people aren’t abusing that access.

Proofpoint’s integrated people-centric security approach is a powerful solution to the challenges associated with protecting people and the critical data they work with. This integration, which is fundamental to holistically managing insider risk, combines unique real-time threat visibility, cloud app security broker (CASB) information protection, and security awareness training with the ObserveIT endpoint-based ITM platform.

The new cloud-based ObserveIT ITM innovations include:

• Enhanced insider threat detection capabilities that reduce the mean time to detect (MTTD) insider incidents. These advancements lower the frequency and severity of incidents – ultimately decreasing the financial and brand damage associated with insider-led breaches.
   
• Integrated incident response workflow streamlines and accelerates cross-functional coordination to reduce the mean time to respond (MTTR). This integration also more effectively mitigates adverse impacts related to insider incidents.
   
• Simplified and highly scalable cloud deployment that delivers organizational agility and minimized time to value for resource-constrained cybersecurity teams.

For more information on the new Proofpoint ObserveIT Insider Threat Management (ITM) cloud-based platform and how to proactively stop insider threats, please visit https://www.proofpoint.com/us/products/information-protection/insider-threat-management.

About Proofpoint, Inc.
Proofpoint, Inc. (NASDAQ: PFPT) is a leading cybersecurity company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint 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 more than half of the Fortune 1000, 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. More information is available at www.proofpoint.com.

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Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.

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