
Tel Aviv-based cybersecurity startup LayerX has announced the unveiling of its universal, "user-first" browser security solution that converts any browser into a highly secure workspace, with nearly zero user experience impact.
Along with this, the company declared the securing of a $7.5 million Seed round from Glilot Capital Partners and Kmehin Ventures (the leading Israeli CISO syndicate), alongside FinSec Innovation Lab by Mastercard, Enel X, Int3, GuideStar, and cybersecurity angel investors.
Employees these days make full utilization of browser. Whether it is Google doc, Google sheet, Google forms etc, nothing is left behind. The major issue is that, Software as a service (SaaS), a software distribution model in which a cloud provider hosts applications and makes them available to end users over the internet. In this model, an independent software vendor (ISV) may contract a third-party cloud provider to host the application. This means a company's data is no longer in its possession. On the other side, email use is often at the center of data security instructional sessions – and rightfully so, as hackers tend to take advantage of negligence in these areas the most.
The inflow and outflow of data were easy which is a threat to the organization and violates the organization's policy.
These are the shortfalls in browser security in legacy network solutions. It fails to inspect traffic to the cloud, modern websites, and dynamic web apps, thus leaving the browser prone to hacking. Emerging solutions seeking to overcome these weak spots focus primarily on standalone secure web browsers and sandboxing environments that severely impact the browsing experience or work culture. But it cannot be denied that standalone secure browsers completely disrupt the way employees are used to working with their browsers and asking them to move to working with a new, 'secured' one creates disruptions. It's important to note that security is a mean to an end.
To that end, LayerX uses a different approach to secure the browser by working together with all commercially available browsers. With these operations, workforces can prefer their existing browser while giving security administrators the versatility to transform any browser into a secure, modifiable, and inherent workspace without giving up on user experience and privacy.
With LayerX users will not have to change their browsing experience to alleviate risk. In fact, it is the only first user-first platform among the landscape of emerging solutions that helps in easing the risks without changing the browser experience.
"Chrome and Safari aren't the problems. Web browsers are perfectly built for productivity and security; it's the interaction of the users over the web browsers that pose a threat to the organization," notes Or Eshed, CEO and co-founder of LayerX. "Our technology focuses on deep session analysis, adding that pivotal extra layer of security needed to keep browsers truly safe. Our solution fits into any organization and network, offering more security using fewer resources."
To take the burden off security administrators, LayerXs "Plexus engine" performs high-resolution monitoring of all potential browser threats. It is LayerXs's dual AI engine that works both on the client and the backend. It uses advanced machine learning to gain visibility into the browser and delivers high-resolution monitoring, risk analysis, and browser control mechanisms. In addition to maintaining user privacy and confidentiality, the technology helps organizations embrace secure web browsing.
"The move to the cloud turned the browser into the most central tool for everyone in the workplace. With that, it's clear that a new security layer must be added to protect sessions and provide visibility and control to security teams," explains Kobi Samboursky, Founder and Managing Partner at Glilot Capital Partners. "On the other hand, organizations must grant employees 100% privacy and flexibility to use any tool they desire. This is what's so exciting about the LayerX platform – its ability to deploy the best security and visibility layer to security teams, while providing the utmost flexibility, ease of usage and privacy to employees."
Ira Winkler, industry luminary and former Chief Security Architect at Walmart, concluded: "LayerX chose the approach that seems to make the most sense for browser security. An extension-based approach significantly reduces the technical risk of compatibility across all platforms and the complexity and cost of rollout and maintenance. It also reduces operational risks associated with third parties, diverse equipment, and countless other issues when compared to proprietary browser solutions."
The LayerX company was founded in 2021 to monitor, control, and prevent threats and risks on the web. The LayerX browser security platform transforms existing web browsers into protected and manageable workspaces without negatively affecting the user. The company's platform has been developed by seasoned veterans of the IDF cyber units and the cybersecurity industry. By providing AI-based high-resolution monitoring, risk analysis, and control of all browser activities of enterprise users, LayerX enables enterprise workers to access online resources regardless of their device while protecting against the wide range of risks associated with web-based applications.
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