Security biz to slurp Aussie compliance outfit
Infosec giant Trend Micro is buying Australian compliance biz Cloud Conformity for $70m to help customers check the configuration of their fluffy white services – one of the major causes of cloud security breaches.
Trend Micro CEO Eva Chen said: “As more enterprises move to the cloud, our customers feel they’re operating amid a wild-west approach to cloud implementations that leave them with unmanaged risk.
“Cloud Conformity understands these implementations and the risks,” the exec added.
The complexity of typical multi-cloud environments can make assessing security and risk profiles and checking configurations and permissions much more difficult and time-consuming.
Gartner research from January estimates that 99 per cent of successful hacks on cloud platforms and services are down to customer errors of misconfiguration or mismanagement.
Seemingly, not a month goes by without some large corporate or other falling foul of misconfigured clouds, whether that be storage or something else.
Cloud Conformity is billed as being able to identify and fix cloud configuration problems as well as ensuring compliance with regulatory standards like GDPR in Europe. It currently provides services on AWS with Azure in Beta and ones on Google Cloud Platform coming.
Real-time threat monitoring is sold for $99 per month by the company, CloudFormation Template Scanning starts at $149 per month and the company has also developed cost optimisation and management services for AWS.
Cloud Conformity was founded down under in Sydney in 2016 and launched a year later. The business is headquartered in the US. Financial terms of the buy were not disclosed. ®