How Vanta's Access Review Tool Reduces Security Breaches Through Automation

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Access exams are mandatory for all major standards and compliance regulations. Not to mention, this is a good security practice, essential for determining that users have the appropriate level of access to an organization's applications and systems.

Yet in many companies they have traditionally been done manually, introducing all sorts of security and compliance issues, said Christina Cacioppo, CEO of Vanta.

The automated security and compliance platform today announced a new tool to help businesses solve this problem: "Access Reviews". This allows security teams to automatically review, adjust, monitor and report user access to systems.

"The fact is, companies won't do business with a company that isn't secure, and regulators will crack down on any organization with a weak security posture," Cacioppo said.

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The cloud compliance market is expected to grow from $30 billion in 2022 to over $59 billion by 2027. And the identity and access management (IAM) market is expected to reach 35, $71 billion by the end of 2030. This represents a Compound Annual Growth Rate (CAGR) of approximately 13.5%.

Vanta, which says it created the Continuous Security and Compliance category, competes in the space with Drata, SolarWinds Service Desk, Secureframe, and Sprinto (among others).

Cacioppo called the ongoing security and compliance market a "hot space" that continues to grow, with hundreds of millions of dollars in venture capital funding. their security is essential for doing business,” Cacioppo said.

Cacioppo pointed out that companies have dozens, if not hundreds, of systems and applications that power their business.

And, when manually reviewing access to them, security vulnerabilities can be introduced due to the potential for human error, she said. It also takes time away from more strategic security tasks. Not to mention, it puts organizations at risk of non-compliance.

If reviews are performed incorrectly or are incomplete, threat actors may inappropriately use access and credentials to destroy, alter, or steal sensitive data.

“Threats can come from a range of vectors, including external cyberattacks, malicious insiders and former employees with unrevoked access to company systems,” Cacioppo said. "There are also instances where employees may unwittingly share data with the outside."

Inside threats are of particular concern. According to Ponemon, they have increased by 44% over the past two years, with costs per incident rising by more than a third to $15.38 million.

Cacioppo...