Code42 Named a Representative Vendor in the Gartner Market Guide for Insider Risk Management Solutions

·5 min read

Global shift to remote work drives demand for assessing and managing insider risk through solutions like Code42 Incydr

Code42, the Insider Risk Management leader, today announced that it has been identified as a Representative Vendor in the Gartner 2021 Market Guide for Insider Risk Management Solutions report. Code42 was included in this inaugural report – click here to access it now to learn why.

The global shift to remote work caused by the COVID-19 pandemic has created new challenges for security teams tasked with effectively monitoring employee activity while keeping company data and IP safe. The Code42 Incydr™ SaaS data risk detection and response solution helps solve this dilemma by enabling security teams to mitigate data exposure and file exfiltration without disrupting legitimate collaboration and work. Incydr wraps a layer of security around collaboration technologies, effectively monitors all file movement across the organization’s virtual ecosystem and alerts security teams of potential Insider Risks that can lead to data leaks or breaches. In its recent research report, Code42 substantiated just how significantly data leaks are growing with the shift to remote work during the past year – employees today are 85% more likely to leak files than they were pre-COVID, and 59% of IT security leaders expect Insider Risks to increase in the next two years.

"We’re living in a time where fundamental cultural changes have significantly reshaped workplaces. The stigma around remote work has dissipated, people are job hopping within the same industry and collaborative tools have allowed data to be highly portable. At the same time, business leaders want data to be fluid, yet they need to protect IP and trade secrets. The challenge is that security believes the only way to protect data on the move is to block collaboration and file sharing," said Code42 president and CEO, Joe Payne. "To resolve this impasse, organizations need to adopt a new data security approach – Insider Risk Management – which wraps a layer of security around collaboration tech while allowing employees to share files more freely."

Gartner notes, "While at first glance the insider threat challenge may seem like a subset of traditional attack detection and mitigation, one of the important differentiators is that insiders are in a position of trust. Frequently, insider threat challenges are due not to the use of hacking tools and techniques, but threat actors making use of privileges granted to them to perform their role." In defining the three core mitigation goals for insider threats, Gartner says they are, "... intended to: deter the individuals from wanting to do it in the first place; detect the activity, and; disrupt the effort." Notably, Gartner omitted "blocking" as a mitigation goal, which signals a significant sea change in data security.

"While the threat of malicious actors outside of the organization is well covered, our cloud-based, distributed work environments have made the risk of unintentional, insider risks more prevalent. In fact, our recent research validates that malicious insiders and careless employees are the two leading causes of data breaches, ahead of external threats and hackers," added Mark Wojtasiak, VP and head of security product research for Code42. "We believe the publication of this Gartner report as well as being included as a Representative Vendor reinforce the increasing importance for organizations to look inward, as well as outward, when protecting data."

Download Now: A complimentary copy of the Gartner "Market Guide for Insider Risk Management Solutions" report can be downloaded now.

Additional Resources

Gartner disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Code42

Code42 is the Insider Risk Management leader. Native to the cloud, Code42 Incydr rapidly detects data loss, leak, theft and sabotage as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. With Code42, security professionals can protect corporate data and reduce insider threats while fostering an open and collaborative culture for employees. Backed by security best practices and control requirements, Code42’s insider risk solution can be configured for GDPR, HIPAA, PCI and other regulatory frameworks.

More than 50,000 organizations worldwide, including the most recognized brands in business and education, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity and Split Rock Partners. Code42 was recognized by Inc. magazine as one of America’s best workplaces in 2020. For more information, visit code42.com.

© 2021 Code42 Software, Inc. All rights reserved. Code42, the Code42 logo and Incydr are registered trademarks or trademarks of Code42 Software, Inc. in the United States and/or other countries. All other marks are properties of their respective owners.

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Contacts

Kristin McKenzie
Public Relations Principal, Code42
kristin.mckenzie@code42.com
844-333-4242