JumpCloud acquires Stack Identity paving the way for identity-first security
Data security concerns hold back growth for UK financial services firms
CISO news
JumpCloud acquires Stack Identity paving the way for identity-first security
umpCloud is continuing its identity-first momentum by
J acquiring Stack Identity – a nextgeneration identity security and access visibility platform .
This acquisition strengthens JumpCloud ’ s identity-first access management solution .
Stack Identity offers cutting-edge data analytics technology helping reduce key risks in securing workforce access – especially in remote or hybrid work . The technology deepens JumpCloud ’ s existing and planned capabilities in :
• Identity Governance and Administration ( IGA )
• Privilege Access Management ( PAM )
• Identity Security Posture Management ( ISPM )
• Identity Threat Detection and Response ( ITDR )
• Cloud Infrastructure Entitlement Management ( CIEM )
Greg Keller , Co-founder and CTO officer , JumpCloud , said : “ Stack Identity ’ s world-class team and advanced data analytics technology will accelerate our ability to productise the billions of data signals our platform generates each month . This will enable new forms of access control , improved identity visibility , and assurance that the right people have the correct access and entitlements every time .”
JumpCloud will leverage Stack Identity ’ s expertise in :
• Enhanced visibility and control over access across IT , cloud infrastructure and SaaS applications .
• Streamlined deployment of least privilege access across the organisation .
• Assurance that only the right individuals access the necessary resources .
• Accelerated delivery of just-in-time access to cloud , SaaS , and on-premises resources .
• Tools that enable IT admins to provide just-enough access to prevent over-entitlement .
• Advanced detection capabilities to identify and mitigate access anomalies .
Sanjay Kale , Co-founder , Stack Identity , said : “ Together , we are creating a unified way to protect organisations in today ’ s complex security landscape .”
Data security concerns hold back growth for UK financial services firms
R esearch from Optalysys has found that growth is being held back at UK financial services firms due to concerns over data security .
A survey of over 250 IT decision-makers ( ITDMs ) working in the financial services sector , revealed that 70 % of ITDMs believe their firm ’ s growth is being stifled by mounting data security concerns .
The findings also revealed that over a third ( 39 %) are unable to collaborate with external organisations due to data security constraints , while nearly half ( 45 %) reported challenges managing or accessing sensitive data within their own organisation .
Dr Nick New , CEO of Optalysys , said : “ The financial services sector is the lifeblood of the UK economy , yet businesses are being limited by outdated approaches to data security . Simply put , businesses harness the real power of AI or can ’ t unlock the full value of their data because they are too busy trying to keep it safe . This is a massive missed opportunity and it ’ s holding the entire sector back .
“ With economic growth at the top of the government ’ s agenda , the UK has the opportunity to take a leading position by adopting technology to drive growth across vital sectors like financial services . Our findings highlight the need for emerging privacy-enhancing technologies like Fully Homomorphic Encryption to address the challenges ITDMS within financial services firms are facing .”
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