IBM Invests in Cyolo, Accelerating Zero Trust Adoption

More than eight out of 10 organizations experienced identity-based cyberattacks, according the “2022 Trends in Securing Digital Identities” report by the Identity Defined Security Alliance. That should raise red flags and push organizations to evolve their access and connectivity security. Organizations must move from granting employees universal access to a network to granting access and connectivity on an individual basis.

Zero trust addresses the modern challenges businesses face, including securing remote workers, hybrid cloud environments and ransomware threats. To that end, zero trust identity-based access solution creator Cyolo revealed new investment from IBM as the two plan to collaborate and help modernize authentication for digital businesses.

IBM will provide cybersecurity expertise and technical resources in support of Cyolo’s Zero Trust Secure Access platform. Cyolo’s Zero Trust platform is built for easy deployment and scales with minimal effort, supporting a wide range of business needs, growth and expansion.

“As we see the demand for identity-based access solutions continue to grow, we’re excited to partner with such an industry leader like IBM to accelerate our growth and provide even greater cyber resilience to our already extensive market reach,” said Cyolo CEO and Co-Founder Almog Apirion.

The platform grants access to the authorized asset to allow the businesses to achieve security objectives without compromising business needs or user experience. The platform also enhances visibility and control by enabling real-time supervised access and session recording.

“With IBM’s investment in Cyolo, we’ll continue our focus to make sure clients can break down silos and quickly provide secure access across the distributed environments,” said Ben Daniels, IBM partner.

Additionally, the IBM and Cyolo will collaborate on go-to-market initiatives ranging from partner engagements to panel sessions in support of Cyolo’s mission to connect users to the assets they need to do their job simply, safely and efficiently.

IBM’s investment in Cyolo further showed the need for cybersecurity solutions that reduce complexity and work across distributed workforces and environments. This investment follows IBM’s prior participation in Cyolo’s Series B earlier this year, contributing to the company’s total raise of $60 million.