RSAC Fireside Chat: Start-up Anetac rolls out a solution to rising ‘service accounts’ exposures

By Byron V. Acohido

From MFA to biometrics, a lot has been done to reinforce user ID and password authentication — for human users.

Related: How weak service accounts factored into SolarWinds hack

By comparison, almost nothing has been done to strengthen service accounts – the user IDs and passwords set up to authenticate all the backend, machine-to-machine connections of our digital world.

Service accounts have multiplied exponentially in recent years and become a prime target of threat actors, since little has been done to beef up protection.

A just-out-of-stealth start-up, Anetac, has secured $16 million in funding to address this gaping blind spot. At RSAC 2024, I sat down with Baber Amin, Head of Product at Anetac, Diana Nicholas, co-founder of Anetac, to learn more.

Identity vulnerability is a dynamic problem, and Anetac’s platform dynamically provides real-time streaming visibility and monitoring of human and non-human accounts, service accounts, APIs, tokens and access keys. This approach contrasts with static scanning tools that have come along from the big name IAM solution providers, like Okta and CyberArk, Amin and Nicholas told me.

The idea for Anetac derived from asking companies about their pain points. “We spoke to major banks, insurance companies, and even small businesses,” Nicholas says. “The overwhelming response was that service account management is one of the biggest problems they face.”

Anetac’s platform can identify dormant accounts, map out weak protocol usage and even stop identity attacks in progress, Amin noted. For a full drill down on how Anetac aims to raise the bar, please give the accompanying podcast a listen. I’ll keep watch and keep reporting.

Acohido

Pulitzer Prize-winning business journalist Byron V. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be.


(LW provides consulting services to the vendors we cover.)

 

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