Varonis expands data security to Databricks, enhancing risk detection and management for enterprise data solutions.
Quiver AI Summary
Varonis Systems, Inc. has announced an expansion of its data security capabilities to include the Databricks Data Intelligence Platform. This integration allows Varonis to enhance its data security services for global enterprises, including 60% of the Fortune 500, by continuously discovering and classifying critical data, mitigating exposure, and detecting threats within Databricks. As organizations increasingly rely on cloud platforms like Databricks, they face heightened security risks, making a proactive data-centric approach essential. Varonis provides tools to automatically identify at-risk data, remediate vulnerabilities, and detect threats to improve cloud data security. The solution supports cloud environments on AWS, Azure, and Google Cloud, helping organizations manage and protect their data effectively.
Potential Positives
- Varonis has successfully expanded its data security coverage to the increasingly popular Databricks platform, enhancing its scope in a key area of cloud data security.
- This integration allows Varonis to better serve a significant market, considering 60% of the Fortune 500 rely on Databricks for their data and analytics needs.
- Varonis provides comprehensive capabilities for identifying and remediating data risks, positioning itself as a proactive solution provider in mitigating cloud data security threats.
- The press release emphasizes Varonis' commitment to continuous improvement in cloud data security posture, appealing to enterprises looking to bolster their security measures in a rapidly evolving digital landscape.
Potential Negatives
- The press release emphasizes the increasing risks associated with data security in cloud environments, which may indicate that previous measures were insufficient.
- The urgent tone regarding the need for proactive remediation suggests potential vulnerabilities within Varonis' existing offerings or past performance that were not adequately addressed.
- Highlighting the shared responsibility model implies that organizations may be at risk if their IT and security teams are not fully equipped, reflecting a potential gap in customer preparedness that could lead to security incidents.
FAQ
What is Varonis' new integration with Databricks?
Varonis has expanded its data security coverage to include Databricks, enhancing its ability to discover, classify, and protect critical data.
How does Varonis improve cloud data security?
Varonis continuously discovers sensitive data, remediates risks proactively, and provides comprehensive threat detection across cloud platforms like Databricks.
Which cloud platforms does Varonis support?
Varonis supports Databricks on AWS, Azure, and Google Cloud, ensuring broad coverage for cloud data security.
Why is data security important for enterprises using Databricks?
As data grows in cloud platforms like Databricks, there is increased risk, necessitating a proactive approach to securing sensitive data.
What benefits does Varonis offer to organizations?
Varonis helps organizations improve their cloud data security posture, automate security outcomes, and protect critical enterprise data effectively.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VRNS Insider Trading Activity
$VRNS insiders have traded $VRNS stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $VRNS stock by insiders over the last 6 months:
- GUY MELAMED (CFO and COO) has traded it 2 times. They made 0 purchases and 2 sales, selling 91,345 shares.
- JAMES O'BOYLE (Vice Chairman - Sales) has traded it 3 times. They made 0 purchases and 3 sales, selling 125,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VRNS Hedge Fund Activity
We have seen 170 institutional investors add shares of $VRNS stock to their portfolio, and 177 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CADIAN CAPITAL MANAGEMENT, LP removed 3,801,242 shares (-100.0%) from their portfolio in Q3 2024
- GREENVALE CAPITAL LLP added 1,400,000 shares (+inf%) to their portfolio in Q3 2024
- DRIEHAUS CAPITAL MANAGEMENT LLC added 1,349,464 shares (+inf%) to their portfolio in Q3 2024
- FMR LLC removed 1,160,952 shares (-37.5%) from their portfolio in Q3 2024
- LORD, ABBETT & CO. LLC added 859,025 shares (+67.7%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 634,163 shares (+52.9%) to their portfolio in Q3 2024
- PHOENIX HOLDINGS LTD. added 628,570 shares (+293.9%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), today announced it expanded its data security coverage to Databricks. The latest integration broadens Varonis' extensive coverage to continuously discover and classify critical data, remove exposures, and detect threats to the Databricks Data Intelligence Platform.
Global enterprises, including 60% of the Fortune 500, rely on Databricks for building, deploying, sharing, and maintaining enterprise-grade data, analytics, and AI solutions at scale. While cloud platforms like Databricks provide power and flexibility, they also increase risk as data grows — requiring a proactive, data-centric approach to discovering where sensitive data lives and remediating risk at scale.
With Varonis, organizations can continuously improve their cloud data security posture. Varonis for Databricks provides a robust feature set for securing data:
- Identify at-risk data automatically: Varonis discovers and classifies sensitive data across your data lakehouse — in workspaces, databases, schemas, and more. Varonis provides a clear view of user and group access permissions and identities in Databricks.
- Remediate issues proactively: Identifying data risks is only part of the puzzle; you must also quickly fix issues and close vulnerabilities before they can be exploited. Varonis helps organizations proactively remediate issues and reduce risk.
-
Comprehensive threat detection:
Active threat detection is crucial for cloud data security, especially when attackers break in using legitimate credentials. Varonis offers comprehensive coverage across the kill chain so that you can detect and address threats on your data faster.
“The shared responsibility model places the responsibility for protecting enterprise data squarely on IT and security teams,” says Brian Vecci, Field CTO, Varonis. “Visibility and automation are essential to address and manage escalating risks and ongoing challenges associated with securing massive cloud data warehouses and lakehouses, where attackers are more likely to gain access with user credentials than they are to hack in.”
Varonis supports Databricks on AWS, Azure, and Google Cloud. Learn more about Varonis for Databricks and request your demo today.
Additional Resources
- Learn more on the Varonis blog .
- Read more about Varonis for Databricks .
- Check out these Varonis integrations .
- See Varonis in action: schedule a 30-minute demo.
- For more information on Varonis' solution portfolio, please visit https://www.varonis.com .
- Visit our blog and join the conversation on X (Twitter) , LinkedIn , and YouTube .
About Varonis
Varonis
(Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.
Varonis protects data first, not last. Learn more at www.varonis.com .
Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
[email protected]
News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
[email protected]