XM Cyber, has announced the acquisition of Cyber Observer, a Continuous Controls Monitoring (CCM) and Cloud Security Posture Management (CSPM) company.
This marks the latest growth milestone for XM Cyber in a year that has found the company increasing its position in the cybersecurity industry.
By combining XM Cyber’s 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.
“Even as awareness of cybersecurity risk continues to grow, attackers are thriving and routinely exploiting attack paths that can be used to move laterally through an enterprise network,” said Noam Erez, co-founder and CEO, XM Cyber. “Our goal is to give security teams the ability to easily understand and correct their security posture on a continuous basis, including weaknesses, exposures and compensating security controls across the full internal and external attack surface covering on-prem, cloud and SaaS systems. This acquisition is not an isolated event, but just the latest step in our strategy to provide the most comprehensive and proactive security posture management platform on the market.”
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.
“Cyber Observer’s patented continuous control monitoring capabilities are a perfect complement to XM Cyber’s award-winning hybrid cloud security platform,” said Shimon Becker, co-founder and CEO, Cyber Observer. “We are excited about this opportunity and look forward to working with the XM Cyber team to deliver the first end-to-end continuous cyber security posture management solution supporting both cloud and on-premises coverage.”
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