Mimecast, a prominent email security provider, has made strides in enhancing its data loss prevention (DLP) capabilities by investing in human risk management (HRM) tools. The recent acquisition of Code42, a reputable insider risk tool provider, underscores Mimecast’s commitment to bolstering its HRM portfolio. This move comes hot on the heels of Mimecast’s earlier acquisition of Elevate Security, a strategic step that paved the way for the development of Mimecast’s Engage risk management platform.
Industry experts like Fernando Montenegro, a senior principal analyst at Omdia, note that Mimecast is following the lead of its competitors, such as Proofpoint, Sophos, ESET, OpenText, and Barracuda Networks, who have also ventured into HRM. Montenegro emphasizes the importance of aligning cybersecurity measures with business objectives, highlighting the growing trend of integrating messaging security with user training and human factors in cybersecurity solutions.
While Mimecast is playing catch-up to Proofpoint, its main competitor, which rolled out the Proofpoint Nexus People Risk Explorer in 2021, the acquisition of Code42 positions Mimecast as a formidable player in the HRM space. With insider risks accounting for a significant portion of data breaches, the integration of HRM solutions and programs becomes increasingly crucial for organizations seeking to mitigate human-related cybersecurity threats.
The Verizon 2024 Data Breach Investigations Report revealed that insiders were involved in 68% of all breaches in 2023, a figure that Forrester Research projects could climb to 90% in 2024. As organizations grapple with the escalating risks posed by insider threats, the need for robust HRM solutions becomes more apparent. Mimecast’s CEO, Marc van Zadelhoff, acknowledges the importance of addressing human risks and stresses the value of Code42’s capabilities in enhancing Mimecast’s HRM offerings.
By integrating Code42 Incydr’s Watchlists with Mimecast’s Profile Groups, organizations can automate the management and policy enforcement for user groups exhibiting risky behavior. This integration not only streamlines HRM processes but also enables administrators to detect and manage exfiltration activities effectively. Van Zadelhoff emphasizes the synergy between Mimecast and Code42’s products, assuring customers that there will be no overlap, and all products will be rebranded under the Mimecast umbrella.
Looking ahead, Mimecast plans to unveil a common human risk dashboard that consolidates its diverse offerings, providing customers with a comprehensive view of their cybersecurity posture. At the upcoming Black Hat USA Conference in Las Vegas, Mimecast will showcase new AI tools designed to detect exfiltration risks associated with generative AI platforms like Chat GPT. This proactive approach to addressing emerging cybersecurity challenges underscores Mimecast’s commitment to innovation and proactive risk management strategies.
In conclusion, Mimecast’s strategic investments in HRM underscore the evolving nature of cybersecurity, where mitigating human-related risks is increasingly imperative. By integrating cutting-edge technologies and leveraging strategic partnerships, Mimecast is well-positioned to help organizations navigate the complex cybersecurity landscape and secure their digital assets effectively.