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Fortanix, a leading provider of data-first cybersecurity solutions, quietly announced last week the general availability of Key Insight, a new product that enables organizations to discover, assess, and remediate data exposure risks across multi-cloud environments. The launch comes as enterprises increasingly struggle to maintain a consistent cryptographic security posture amid the rapid adoption of cloud services and the looming threat of quantum computing.
Key Insight addresses a critical gap in the market by providing visibility into an organization’s encryption assets and their relationships with data services. “Fundamentally, our customers drove us to develop Key Insight,” Anand Kashyap, CEO and Founder of Fortanix, said in an interview with VentureBeat. “Security teams are challenged in governing a consistent cryptographic security posture through a myriad of tools and interfaces. We validated that a discovery-assessment tool would really address their data security needs when it comes to protecting data using encryption.”
The product differentiates itself from other data security posture management (DSPM) and cloud security posture management (CSPM) solutions by focusing on encryption, keys, and their use for protecting data. “What differentiates Fortanix is the focus on encryption, keys, and their use for protecting data. Also, we provide remediation by leveraging our existing platform rather than just visibility which is what CSPM/DSPM tools do,” Kashyap explained.
Preparing for the post-quantum computing era
Key Insight also helps organizations prepare for the post-quantum computing era by creating an inventory of keys, algorithms, applications, and data services utilizing these keys. “The advent of quantum computers will be a Y2K moment for cryptography as commonly used crypto algorithms like RSA and ECDSA will be broken and everyone will have to upgrade to the usage of quantum-safe algorithms, called PQC algorithms,” said Kashyap.
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Early customer feedback has been positive, with one information security head at a large utility company stating, “This is really without a doubt in line with what we’re going to need in the future. And when I say future, just months from now.”
Fortanix will be showcasing Key Insight at the 2024 RSA Conference, which takes place May 6-9 at Moscone Center in San Francisco. Attendees can visit booth No. 1261 in the South Expo Hall to see demonstrations of the product and learn more about how it can help organizations manage their cryptographic security risks. The company will also feature hourly presentations from partners including Nvidia, GuidePoint, BigID, Keyfactor, Veeam, Cohesity, and AppViewX, who will show how they solve customer problems together with Fortanix.
Addressing a critical gap in the market
Fortanix, founded in 2016, has been at the forefront of data-first cybersecurity and Confidential Computing. The company has raised over $90 million in funding from investors such as Intel Capital, Foundation Capital, and Neotribe Ventures. With the launch of Key Insight, Fortanix is well-positioned to capitalize on the growing demand for solutions that help enterprises manage their cryptographic security posture and prepare for the post-quantum computing era.
As organizations continue to grapple with the challenges of securing data across hybrid multicloud environments, products like Key Insight will become increasingly critical. “Our vision of data security is that data should be protected at all times, at all places and should be accessible to only the right user or application,” said Kashyap. “Key Insight fills that gap by scanning the organization’s environment to identify unprotected services, and usage of non-compliant encryption services.”