Cloudflare acquired Vectrix for SaaS Application Security

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Cloudflare, a security, performance and reliability company, has announced that it has acquired Vectrix. Vectrix provides businesses with one-click visibility and control over their SaaS applications.

Vectrix can push Cloudflare’s existing Zero Trust platform, Cloudflare One, by allowing security teams to scan third-party tools – including Google Workspace, GitHub, and AWS. Users can spot and mitigate issues such as inappropriate file sharing and incorrect user permission configurations, according to company officials.

Matthew Prince, co-founder and CEO of Cloudflare, said in a press release that Cloudflare’s global network blocks attempts to compromise data on multiple levels while speeding up Internet traffic.

Vectrix’s API-driven Cloud Access Security Broker (CASB) integration with Cloudflare One gives Zero Trust enterprises control of both data-at-rest and data-in-transit. Vectrix extends Cloudflare’s network security to data stored in SaaS applications, giving customers a control plane for the security of their workforce and resources.

Vectrix’s CASB scans, detects and continuously monitors security issues in IT-managed SaaS apps such as Microsoft 365, ServiceNow, Zoom or Okta.

According to Corey Mahan, co-founder and CEO of Vectrix, CASB solutions help teams with:

  • Data security: ensuring that the wrong file or folder is not shared publicly on Dropbox.
  • User activity: alerting to suspicious user permissions that change on Business Day at 2:00 AM.
  • Incorrect configurations: prevents Zoom Recordings from being publicly accessible.
  • Compliance: tracking and reporting who has changed Bitbucket branch permissions.
  • Shadow IT: detecting users who have signed up for an disapproved app using their work email.

“Everyone uses SaaS applications, from sending emails to HR management, but simply ticking the wrong box can leave a business’s critical data exposed,” he said. said Corey Mahan, co-founder and CEO of Vectrix, in a press release. “By integrating Vectrix’s first API approach with Cloudflare’s Zero Trust platform size, we provide customers with an easy and simple way to control how data is shared from those applications.”

Mahan wrote in a blog post that his teams developed Vectrix to solve a problem that “scared us as security engineers ourselves.” How do we know if the SaaS apps we use have the right controls in place? Is our company data protected? SaaS tools make it easy to work with data and collaborate with organizations of any size, he added, but it also makes them vulnerable.

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