Exabeam News Wrap-up – July 6, 2023

Welcome to our latest roundup of Exabeam news coverage, press releases, articles, and awards. Stay up to date with the Exabeam News Wrap-up and visit the Exabeam Newsroom for all things newsworthy.

In this article:

• Exabeam Appoints Adam Geller as CEO
• Exabeam and Google Cloud Partner to Launch Cloud-Native New-Scale SIEM in Qatar
• Exabeam Announces Outcomes Navigator for Threat Detection Coverage Across All Common Security Use Cases
• Increasing Efficiency While Reducing Security Risks for Europe’s Second Largest Port
• 10 Banks Alleged Victims of Ransomware Attacks on File Transfer Software
• Cl0p in Your Network? Here’s How to Find Out
• Artificial Intelligence: An Aid or the Answer?
• Real-World Examples of Insider Threats and Detection Points for Identifying Them
• CIO Spotlight: Grant McCormick, Exabeam
• Exabeam CFO Holly Grey Receives Silicon Valley Business Journal Women of Influence Award
• Securing a Gender-Equal Future with Boldness and Respect
• It’s Not About Money: Why Pay Transparency Is More Than a Price Tag

Exabeam Appoints Adam Geller as CEO

We are pleased to announce the appointment of Adam Geller as Chief Executive Officer. In this role, Geller will lead the company’s strategic initiatives and drive continued growth. Former CEO and President Michael DeCesare will step down from his role to focus on his health and lifestyle, but will continue to serve as a Board advisor.

Geller brings with him a wealth of experience in the information security industry, having built a 25-year career as a respected leader in Silicon Valley. He has led product teams in designing and delivering cutting-edge cybersecurity offerings. As Chief Product Officer at Exabeam for the past three years, Geller successfully rearchitected our products to be cloud-native and launched our New-Scale SIEM^TM product portfolio.

DeCesare expressed confidence in the leadership team at Exabeam and their ability to continue the company’s momentum and accelerated growth. He fully supports Geller’s appointment, recognizing his cloud-native product background as a critical asset for the success of Exabeam.

Exabeam and Google Cloud Partner to Launch Cloud-Native New-Scale SIEM in Qatar

We are excited to announce our partnership with Google Cloud to introduce our cloud-native portfolio of products in Qatar. This collaboration aims to provide businesses with advanced threat detection, investigation, and response (TDIR) capabilities. Richard Orange, VP of EMEA Sales at Exabeam, highlighted the significance of this launch, which follows the recent introduction of Google Cloud’s new region. The partnership demonstrates the trust our business partners have in us and our ability to contribute to Qatar’s digital transformation and cybersecurity goals. Exabeam Fusion, our security product that efficiently solves threat detection, investigation, and response challenges without disrupting an organization’s existing technology stack, will play a vital role in helping security teams achieve their objectives.

Exabeam Announces Outcomes Navigator for Threat Detection Coverage Across All Common Security Use Cases

We are thrilled to announce the general availability of Outcomes Navigator, an advanced visualization feature within our New-Scale SIEM product portfolio. Outcomes Navigator addresses a significant challenge faced by cybersecurity leaders –– having a clear understanding and visualization of continuous detection coverage improvement across key security use cases in their business and IT environments. 

Outcomes Navigator enables companies to gain a comprehensive and accurate score of their true detection coverage. Ash Hunt, Global CISO, Apex Group Ltd., praised the feature, stating that it provides CISOs with a real way to showcase detection coverage to the executive team and the board. The visualizations, which can be exported for tracking and quarterly reports, highlight use case coverage over time, offering valuable insights for decision making.

Increasing Efficiency While Reducing Security Risks for Europe’s Second Largest Port

We are proud to share a video and written case study featuring our customer Port of Antwerp-Bruges, Europe’s second-largest port responsible for 5% of Belgium’s GDP. Recognizing cybersecurity as their number one business risk, the port sought an optimal security solution to protect the E.U.’s supply chain from cyberthreats. Our New-Scale SIEM product portfolio provides the port with unmatched visibility and eliminates manual processes, improving overall security.

In the video, Yannick Herrebaut discusses how Exabeam and Telenet Business partnered with the Port of Antwerp-Bruges to strengthen their security measures. We invite you to watch the full video to learn more about the successful collaboration.

10 Banks Alleged Victims of Ransomware Attacks on File Transfer Software

Recently, there has been a supply chain cyberattack by a ransomware gang that exploited a vulnerability in file transfer software commonly used by enterprises. Financial services, particularly banks and credit unions, have been the most affected sector.

On May 27, ransomware gang Cl0p started exploiting a zero-day vulnerability in Progress Software’s MoveIt product, compromising the data of at least 91 organizations, including state and federal agencies, as well as 10 U.S. banks and credit unions. The stolen data included names, addresses, birthdates, and Social Security numbers.

While Cl0p claimed to have deleted all the data stolen from state and federal agencies, experts advise against trusting such claims, as they are often made to minimize potential liabilities. Steve Povolny, Director of Security Research at Exabeam, emphasized the importance of not trusting, and verifying, claims made by malicious actors.

Cl0p in Your Network? Here’s How to Find Out

The Cl0p ransomware group has gained notoriety through widespread attacks targeting companies and government agencies using a trio of zero-day vulnerabilities in the MOVEit Managed File Transfer platform.

The impact of these attacks has been extensive, with personal data from millions of workers investing in the CalPERS pension fund, employee information from over 100,000 workers at the BBC and British Airways, sensitive data from the U.S. Department of Energy, and personal information of citizens of Nova Scotia being compromised.

According to Povolny, these large threat actors, including ransomware gangs, are well-funded and well-resourced. They carefully plan and execute attacks designed to be quiet initially and then make a significant impact.

Artificial Intelligence: An Aid or the Answer?

Artificial intelligence (AI) and other technological advancements like robotic process automation and large language models (LLMs) have had a transformative effect on various aspects of our daily lives. Organizations are increasingly incorporating these technologies into their operations, expanding their capabilities, and reaping the benefits.

Andrew Skrei, Senior Director of Product Management at Exabeam, highlights that while AI has been widely embraced, concerns about its impact on productivity and job security have been raised. Skrei emphasizes the need for organizations and employees to embrace AI while addressing these concerns.

Real-World Examples of Insider Threats and Detection Points for Identifying Them

Insider threats pose a significant danger to organizations, leading to data breaches and intellectual property theft. Detecting these threats can be challenging, but understanding the common activities associated with insider threats and leveraging data feeds and data science can greatly enhance security.

Jeannie Warner, Director of Product Marketing at Exabeam, provides real-world examples of insider threats and discusses the detection points that can be utilized to identify them. By focusing on these detection points and utilizing data-driven evaluation, organizations can strengthen their security posture.

CIO Spotlight: Grant McCormick, Exabeam

Grant McCormick, CIO of Exabeam, has had an impressive career in enterprise technology spanning nearly three decades. With his experience in leading global IT groups, driving cloud-first application strategies, and establishing large-scale security programs, McCormick shares valuable insights for aspiring IT leaders.

His advice to aspiring IT leaders is to find their passion within IT and become experts in that area. McCormick emphasizes the importance of focusing on a vertical and developing deep expertise to excel in the field.

Exabeam CFO Holly Grey Receives Silicon Valley Business Journal Women of Influence Award

Exabeam CFO Holly Grey has been honored with the Silicon Valley Business Journal’s Women of Influence Award. This is a prestigious recognition that celebrates extraordinary women and companies committed to advancing women’s leadership roles.

Grey’s selection for the award acknowledges her significant contributions to Exabeam’s business operations and processes, team growth, and the creation of a healthy and productive work environment that values and appreciates everyone.

Expressing her gratitude, Grey stated, “Thank you Silicon Valley Business Journal. It is truly an honor to receive this award. This recognition is also a testament to Exabeam’s commitment to establish a fair and equitable workplace for everyone. I believe leaders can and should use their influence to empower others to share diverse ideas openly. I am committed to fostering cultures where everyone feels heard.”

Securing a Gender-Equal Future with Boldness and Respect

Creating a gender-equal future requires the active participation and collaboration of diverse individuals who feel comfortable sharing their ideas. Holly Grey, CFO of Exabeam, urges leaders to demonstrate courage, honesty, and passion in working towards this goal.

Grey emphasizes the importance of celebrating women’s successes in the workplace and encourages leaders to advocate internally for gender equality. By aligning with the right side of history and serving as strong leaders and role models, everyone can contribute to achieving a gender-equal future that benefits all.

It’s Not About Money: Why Pay Transparency Is More Than a Price Tag

Pay transparency goes beyond just compensation; it encompasses pay equality and fairness in the workplace. It is crucial to address these aspects to build an inclusive and equitable environment.

Exabeam Chief Human Resources Officer (CHRO) Gianna Driver highlights the significance of pay transparency and its potential impact on productivity and long-term job security. Organizations should strive to create an open and transparent culture that values and recognizes the contributions of all employees.

By prioritizing pay transparency, organizations can foster a more engaged and motivated workforce, leading to improved overall performance and employee satisfaction.

Stay tuned for our next Exabeam News Wrap-up and browse through past editions!

Live From the Chase Center in San Francisco, It’s Exabeam Spotlight23!

Security is fast-moving and the stakes are high. You must raise your game to beat the adversaries. Attacks are sophisticated and hard-to-detect, legacy SIEM is limited, and security teams are overwhelmed with data, unable to see a complete picture of a threat. Until now.

Join Exabeam at Spotlight23 and raise your security game!

What you’ll experience at Spotlight23:

• Hear from Exabeam executives, security experts, and customers as they share the latest product innovations and use cases 
• Learn the latest strategies to advance security operations, detect threats, defend against cyberattacks, and defeat adversaries 
• Attend optional breakout sessions that deep dive into technology advancements

Registration opens July 25!