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Varonis Systems, Inc. develops data and AI security software for organizations managing sensitive information across SaaS, IaaS, and hybrid cloud environments. Company news commonly covers the Varonis Data Security Platform, Atlas AI Security Platform, cloud-native security automation, managed detection and response, and controls for data exposure, access governance, data loss prevention, database activity monitoring, identity protection, email security, and AI usage.
Updates also include quarterly financial results and SaaS annual recurring revenue metrics, product launches, security certifications such as Spain’s ENS High level certification, cybersecurity conference activity, channel recognition, and investor presentations.
Varonis' recent report, The Great SaaS Data Exposure, reveals that businesses face an average of $28 million in data-breach risks due to sensitive cloud data exposure. Analyzing nearly 10 billion cloud objects across 700 companies, findings show that 81% have sensitive data exposed. Furthermore, 157,000 sensitive records are publicly accessible on the internet per company. The report highlights critical vulnerabilities, such as 4,468 user accounts without multi-factor authentication and over half of super admin accounts lacking this security measure.
Varonis Systems (Nasdaq: VRNS) has unveiled enhanced data discovery capabilities to combat data breaches caused by exposed secrets, including private keys and authentication tokens. This solution continually scans various platforms such as Windows, AWS, and Salesforce to identify improperly stored secrets. With the rising risks of data exposure in the cloud and app development, Varonis aims to provide accurate remediation and anomaly detection for organizations. The new features are available now, aiding in strengthening data security measures.
Varonis Systems (Nasdaq: VRNS) has introduced a transformative feature for Salesforce admins, enabling one-click permissions comparison and analysis, which saves significant time and enhances data security. This feature assists in identifying risky configurations and detecting threats to sensitive data. By analyzing user permissions through various methods, Varonis enhances Zero Trust data access. The DatAdvantage Cloud solution offers a quick installation process and provides immediate data security insights, streamlining admin tasks and reducing the risk of data exposure.
Varonis Systems, a leader in data security and analytics, will participate in two upcoming conferences. The first is Citi's 2022 Global Technology Conference, occurring in New York City from September 7-9, with a presentation on September 8 at 9:45 a.m. ET. The second is the Piper Sandler Growth Frontiers Conference in Nashville, Tennessee, from September 12-14, featuring a presentation on September 14 at 10 a.m. ET. Live audio of the presentations will be available on Varonis' Investor Relations website, with archives available for a limited time.
Varonis Systems (Nasdaq: VRNS) will participate in the KeyBanc Capital Markets Technology Leadership Forum from August 7-9, 2022, in Vail, Colorado. The company's presentation is scheduled for August 9 at 1:30 p.m. ET. The audio presentation will be webcast live and accessible via the Investor Relations section on Varonis' website. An archive of the webcast will be available post-conference for a limited time.
For further resources on Varonis solutions, visit their official website and social media platforms.
Varonis Systems (Nasdaq: VRNS) will participate as a Gold Sponsor at Black Hat USA on August 10-11, 2022, in Las Vegas. The company will showcase its Data Security Platform at booth #2934, offering in-person meetings and virtual demos. Varonis aims to help organizations minimize security risks related to cloud collaboration. Highlights include 1:1 demos, presentations on new features of DatAdvantage Cloud, and discussions on mitigating data attack surfaces. Varonis emphasizes its focus on protecting enterprise data from cyber threats.
Varonis Systems, Inc. (Nasdaq: VRNS) reported strong Q2 2022 financial results, with annual recurring revenues (ARR) growing 30% year-over-year to $426.3 million and total revenues increasing 26% to $111.4 million. Subscription revenues surged 44% to $84.4 million, reflecting robust demand for its data security solutions. The company reaffirmed its annual financial guidance while raising expectations for operating income. Varonis also highlighted the completion of significant security assessments and recognized its workplace culture.
Varonis Systems (Nasdaq: VRNS) announced it will release its second quarter 2022 financial results on August 1, 2022, after U.S. markets close. A conference call will follow at 4:30 p.m. ET to discuss these results. Investors can access the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international). A replay will be available through August 8, 2022. Varonis specializes in data security and analytics, focusing on protecting sensitive enterprise data and detecting cyber threats from internal and external sources.
Varonis Systems (Nasdaq: VRNS) has introduced new enhancements to its DatAdvantage Cloud solution, aimed at improving data security in Amazon S3. These features allow organizations to automatically discover and classify sensitive data, prevent unauthorized access, and pinpoint misconfigurations within S3 buckets. The enhancements provide continuous monitoring of sensitive data risks, addressing common data breach issues associated with misconfigured S3 buckets. Varonis emphasizes the importance of proactive measures to secure data stored on AWS.
Varonis Systems (Nasdaq: VRNS) announced that its DatAdvantage Cloud solution has achieved Level 1 certification from the Cloud Security Alliance (CSA) STAR registry, affirming its adherence to strict data security standards. This certification highlights Varonis' commitment to cloud security, enhancing its cloud-hosted solution designed for protecting sensitive data across SaaS and IaaS platforms. Additionally, Varonis has completed a SOC 2 Type 2 audit and holds multiple other certifications, including ISO/IEC standards, reinforcing its reputation in data security.