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Enterprise Security Magazine | Tuesday, May 30, 2023
Action1 will expand its patch management capabilities to include vulnerability identification and prioritization, allowing companies to find, prioritize, and repair security issues before they are exploited.
FREMONT, CA: "Organizations need to move beyond security to cyber resiliency with a focus on risk assessments," said Mike Walters, VP of Vulnerability and Threat Research and co-founder of Action1. "As attackers start exploiting known vulnerabilities shortly after patches are released, proactive solutions are needed to help IT teams identify and mitigate potential risks to their organization."
One of the leading providers of risk-based patch management platforms designed for work-from-anywhere enterprises, Action1, revealed a new product strategy to enhance cyber security resilience in organizations. Toward this goal, the company is expanding its patch management capabilities to include vulnerability discovery and prioritization based on the value of IT assets so that organizations can proactively manage security risks.
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With the increasing number of security vulnerabilities and rapid exploitation of these vulnerabilities by ransomware gangs, organizations face significant challenges in mitigating threats. Additionally, hybrid IT environments are becoming increasingly complex, making it difficult to prioritize vulnerabilities, leading to significant delays in remediation. According to Statista, corporations spend between 290 and 180 days patching vulnerabilities, allowing attackers additional time to infiltrate corporate networks. With an estimated cost of cybercrime of $8 trillion in 2023, defenders are looking for solutions for enhancing their proactive capabilities in their cybersecurity operations to limit the threats posed by more aggressive threat actors.
Defenders can manage resources more efficiently and build a complete strategy for vulnerability repair based on risk and IT asset value with a single platform that combines vulnerability identification, prioritization, and automated remediation.
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