Company builds largest repository of SaaS breach data in the world

PALO ALTO, Calif.: Obsidian Security, the pioneer of SaaS security, announces the appointment of Sunil Seshadri to its Board of Directors. Sunil joins the board at a time when the Obsidian platform has become essential to Incident Response providers around the world as they respond to a 300 percent rise in SaaS breaches over the last 12 months.

Partners like Crowdstrike, Kroll, Guidepoint, Wipro, and GroupIB use Obsidian to significantly shorten the time needed to normalize identities and activities in SaaS, and map out the kill-chain events that led to a SaaS breach. Obsidian’s understanding of SaaS breaches has allowed it to develop the most efficacious AI models that proactively prevent and detect advanced threats to SaaS and PaaS applications.

“We started our incident response engagements by partnering with CrowdStrike in mid-2022, and in less than two years, we’ve accumulated the largest collection of SaaS breach data, giving us deep insights into the SaaS threat landscape,” says Hasan Imam, CEO at Obsidian Security. “It is also immensely gratifying to have someone like Sunil Seshadri on our team. His extensive experience at leading global security organizations, coupled with his unique insights into security challenges faced by enterprises and an unparalleled network of peers, significantly strengthens our ability to deliver robust, innovative solutions that safeguard our customers' expanding SaaS environments.”

Mr. Seshadri joins the Obsidian board, bringing over 28 years of expertise in technology and information security leadership. His distinguished experience includes roles as Chief Information Security Officer (CISO) at major financial institutions, including Wells Fargo, NYSE, Visa, and Intercontinental Exchange.

“I'm thrilled to join the Obsidian journey,” states Sunil Seshadri. “Throughout my tenure as a CISO, I've encountered numerous threats and breaches. The one constant truth is that threat actors invariably target data. As data increasingly migrates to SaaS platforms, these become the new frontline. Addressing these threats effectively requires a combination of technological innovation, real-world breach insights, and a desire to partner with customers to develop the right solutions. That is what has separated the best from the rest. And SaaS security will be no different.”

Obsidian Security was founded with the goal to tackle the unaddressed blind spot in SaaS security. Trusted by leading Fortune 1000 and Global 2000 enterprises, Obsidian shields SaaS applications from advanced identity threats, 3rd- and 4th-party integrations and data movement risks, and automates SaaS security posture management and compliance.

About Obsidian

Obsidian Security is the premier security solution designed to drastically reduce the attack surface area of SaaS applications by 80% on average. With contextual user activity data, configuration posture, and a rich understanding of 3rd party integrations in SaaS, the Obsidian platform reduces incident response times by 10x and streamlines compliance with internal policies and industry regulations. Notable Fortune 500 companies trust Obsidian Security to secure SaaS applications, such as Salesforce, GitHub, ServiceNow, Workday, and Atlassian. Headquartered in Southern California, Obsidian Security is a privately held company backed by Menlo Ventures, Norwest Venture Partners, Greylock Partners, IVP, GV, and Wing. For more information, visit www.obsidiansecurity.com.

Fonte: Business Wire