Cloud security provider XM Cyber has acquired Cyber Observer in a deal that will expand XM Cyber’s platform to include continuous control monitoring and automated compliance validation and standards reporting.
Terms of the agreement were not disclosed, but the acquisition comes just seven months after XM Cyber itself was acquired by Schwarz Group, the largest retailer in Europe, according to an XM Cyber news release.
“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,” Noam Erez, co-founder and CEO of XM Cyber, said in the news release. “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.”
Integrating Cyber Observer’s platform into XM Cyber’s will enable automated compliance validation and reporting for key standards like ISO, NIST, GDPR, SWIFT and PCI, among others, the company said.
Other expected features include:
- The ability to identify and fix security control gaps.
- Continuous control validation for cybersecurity tools (in the cloud and on-premises).
- Expanded attack path prioritization with automated remediation of security control gaps and misconfigurations.
- Automated compliance reporting for multiple domains and devices.