How to stop data leaks in Slack and SaaS apps, Metomic raises $20M

The hybrid work era has brought with it a new data security nightmare: the collaboration of data across SaaS apps and other collaboration tools. With the ever-increasing availability of sensitive data, it’s become increasingly important for companies to secure their data assets from malicious actors. Enter Metomic, a new breed of data security provider that specializes in using AI to detect data leakage in SaaS apps. In this blog post, we’ll take a look at how Metomic is helping to protect organizations from data leakage, the cost of collaboration, and the SaaS security market.

The Cost of Collaboration
The risk of data leakage has been highlighted in a number of high-profile data breaches, such as those impacting Rockstar Games and Uber. Cybercriminals have been able to exploit SaaS apps to gain access to internal Slack channels and other confidential information. With the growth of remote work, the volumes of sensitive data being shared via these apps continues to rise, leaving behind huge data risks.

Metomic’s solution uses AI to identify data leakage risks in real time with no-code workflows that security teams can use to automate data policies across SaaS applications. This “human firewall” approach means that if a user exposes a sensitive file, Metomic will generate a real-time notification to notify the compliance team about potential violations. The tool also enables security teams to create custom classifiers for what constitutes PII, so that the tool can automatically identify sensitive data shared within the app, assign an AI-driven risk score, and redact it if it’s protected.

A Look at the SaaS Security Market
Metomic’s solution sits within the SaaS security market, which researchers valued at $8.2 billion in 2021 and estimate will reach $21 billion by 2028. Key competitors in the market include Wing Security and AppOmni. Metomic’s main differentiator is its use of AI to identify the risks that actually matter, and its ability to involve the workforce in quickly remediating and preventing sensitive data risks through real-time Slack notifications.

The importance of data security is only going to increase as organizations look to secure their attack surface against threat actors. With Metomic’s solution, companies can rest assured that their data is safe and secure.

Categorized as AI

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