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A cloud-native platform for managing security assets, Sevco Security, announced improvements and new capabilities for the Asset Correlation Engine. The company says they will enable users to track the changing asset inventories across different data silos in real time. The new capabilities also enable security teams to automatically detect security holes in silo tools.
Founded in 2020 and based in Austin, Texas, Sevco is backed by SYN Ventures, 406 Ventures, Accomplice and Bill Wood Ventures. The company focuses on enterprises that need an accurate IT inventory. The goal is to have a unified inventory that is constantly updated to provide asset information and help security and IT teams identify and close security gaps.
The company claims its Asset Correlation Engine automates the aggregation and alignment of IT assets across the enterprise. This allows users to see how changes to their ever-changing asset inventory affect their security posture.
Security and IT Inventory Monitoring
IT inventories are constantly changing and IT and security teams are trying to create comprehensive, real-time awareness of their network’s assets. This is due to the increased number of devices and software apps connected to a company’s network infrastructure.
It is critical to understand that assets have economic value and provide future benefits because they can generate cash flow for any business. This makes inventorying IT resources a must-have in today’s technology landscape. In the forecast period from 2021 to 2028, the inventory management solution market is expected to reach an estimated value of $3.82 billion and grow at a CAGR of 6.12%.
Organizations can find themselves in dangerous security situations if they don’t fully understand all the assets they need to protect. According to JJ Guy, co-founder and CEO of Sevco Security, a comprehensive asset inventory is critical as it is the foundation of any security program.
Attackers spend more time on learn about the networks they attack. In most situations, attackers have a better understanding of a company’s network operations and architecture than many of its IT and security teams. In reality, attackers’ inventories are often more accurate compared to the asset inventories compiled by IT and security teams.
Given the number of technologies used by modern organizations, Guy believes that it is almost too difficult to obtain a completely unified asset perspective.
“Connecting those tools and information silos is not enough. You have to correlate those tools by combining aggregation and reconciliation to get a comprehensive and accurate asset inventory,” Guy said. “This is an undervalued topic that causes a lot of headaches for IT and security organizations.”
Accuracy, Tracking, Correlation
Organizations that a . use configuration management database (CMDB) must establish and maintain their own reconciliation rules. The use of CMDBs is necessary to identify and verify every piece of an organization’s infrastructure in order to better manage and improve it. Sevco’s cloud-native technology is designed to simplify this process by breaking down information silos and ensuring that all IT assets are tracked and correlated. Sevco is responsible for keeping abreast of the information included from each source and for regularly checking the accuracy of the correlation. This gives organizations a more accurate and comprehensive view of their IT asset inventory and how it is changing over time.
Asset tagging processes are critical for businesses that rely largely on their assets to generate revenue. This is designed to allow employees to track physical equipment using tags and labels. Sevco’s new asset tagging features allow users to tag and group critical assets such as Bring Your Own Device (BYOD) equipment owned by employees, office locations/regions, and more.
Major new features and capabilities have been added to the Sevco platform update, including the ability to collect information from all customer data sources, the company says.
With the flexibility to select by area, domain, OS platform and more, Sevco claims to ensure proper distribution of customer assets around the world. It also has the ability to perform more powerful searches with nested searches. The company says users can perform more granular searches using its updated search builder, which allows them to create more complex searches. Nested searches are now fully supported, with the ability to group and nest searches.
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