Cycode, a prominent player in the application security space, has introduced a groundbreaking technology known as Change Impact Analysis (CIA) as part of its Complete Automated Software Protection Management (ASPM) platform. This new solution is designed to empower organizations to proactively assess the security impact of every code change, allowing them to swiftly identify, prioritize, and address vulnerabilities in a more efficient manner. By gaining a deeper understanding of how code modifications influence risk and compliance, development teams can expedite secure innovation without compromising on security measures.
The unveiling of Cycode’s CIA technology comes at a time when the company is experiencing significant momentum, having recently secured three of the largest ASPM deals in its history with major Fortune 100 companies operating in the financial services and telecommunications sectors. These high-profile wins, fueled by Cycode’s unwavering dedication to innovation and customer satisfaction, have contributed to an impressive year-over-year growth rate of over 400%. The company’s ongoing commitment to platform enhancement and its ability to cater to the evolving needs of modern application security have firmly established its position as a leader in the ASPM market.
Lior Levy, the CEO of Cycode, emphasized the challenges faced by security teams in keeping pace with the rapid pace of modern software development. He highlighted the importance of Cycode’s Change Impact Analysis technology in streamlining security efforts and enabling automation of risk identification, prioritization, and workflows. Levy further emphasized that the trust placed in Cycode by multiple Fortune 100 customers serves as a validation of the company’s leadership in the ASPM space and underscores the demand for more intelligent and efficient software security solutions on a larger scale.
With the rise of DevSecOps practices and the increasing speed of software delivery, organizations are grappling with the complexities introduced by a high volume and frequency of changes. Any alteration in the software environment, be it code modifications, infrastructure updates, or configuration shifts, has the potential to introduce new vulnerabilities, misconfigurations, or flaws in business logic. The current security approach is plagued by inefficiencies, with developers spending valuable time sorting through alerts and security teams struggling to keep up with manual reviews and assessments.
Cycode’s CIA technology aims to address these challenges by automatically detecting material changes and their impact on security posture, thereby enabling security teams to prioritize high-risk modifications and reduce the need for costly manual processes like penetration testing. Additionally, the system automates manual risk assessment workflows, streamlining compliance assurance processes and enhancing overall efficiency. By correlating risks with business impact and providing a comprehensive view of the software ecosystem through the Risk Intelligence Graph (RIG), Cycode’s CIA technology enables developers to identify and address security issues more effectively, while empowering security teams to prioritize and triage high-risk issues resulting from changes.
Cycode’s continued success and growth have been further bolstered by strategic alliances with prominent technology vendors and expanding channel partnerships. By forming alliances with key industry players such as Traceable, Wiz, Secure Code Warrior, ServiceNow, and Sysdig, in addition to existing partners Invicti and Nucleus Security, Cycode is able to offer deeper integration and seamless workflows to its customers. The company is also expanding its reach through a network of channel partners, including GuidePoint Security, WWT, and Trace3, who play a crucial role in bringing Cycode’s ASPM platform to global markets.
Todd Hathaway, Global Practice Manager for AppSec Security Solutions at WWT, highlighted the growing complexity of securing the software supply chain as organizations embrace modern development practices. He noted that partnering with Cycode enables WWT to provide customers with comprehensive visibility and control over their application security posture while enhancing developer productivity. The alignment of Cycode’s holistic ASPM approach with its advanced AI capabilities perfectly complements WWT’s mission to deliver scalable and effective AppSec solutions on a global scale.
In conclusion, Cycode’s introduction of the Change Impact Analysis technology represents a significant stride in the realm of application security, offering organizations a smarter and more efficient approach to securing software in an increasingly dynamic and fast-paced environment. The company’s continued innovation, strategic partnerships, and commitment to meeting the evolving needs of the industry position it as a frontrunner in the ASPM market, poised to lead the way in safeguarding software assets against emerging threats and vulnerabilities.