ServiceNow expands security portfolio with acquisition of Veza

"ServiceNow confirms earlier reports in the media that it wanted to acquire Veza. Veza is an American specialist in identity security. ServiceNow has announced the proposed deal without disclosing any financial details. American media report that, according to sources, the value could exceed $1 billion. With this acquisition, ServiceNow is focusing explicitly on identity security, an area that cybersecurity experts say is playing an increasingly central role in data breaches."

"Veza was founded in 2020 and developed a platform that maps access relationships within organizations. At its core is the Access Graph, a metadata-driven model that brings together identities and permissions from a variety of systems. The platform supports both cloud environments and traditional IT and offers functionality for identity governance, including access assessments, permission management, and lifecycle management. The technology is designed to quickly identify overly broad permissions, inactive accounts, and incorrect configurations."

"According to ServiceNow, Veza's platform is part of a broader trend in which both companies and attackers are using AI to automate processes. This makes accurate control of access rights more important. ServiceNow states that Veza's technology will be integrated into its existing Security and Risk products. This will give ServiceNow's AI Control Tower additional context, enabling it to better determine which actions AI agents are allowed to perform within an organization."

ServiceNow announced plans to acquire Veza, a US identity-security specialist, with reported value possibly exceeding $1 billion. Veza’s platform maps access relationships across human accounts, machine identities, SaaS, cloud, and traditional IT using an Access Graph that consolidates identity and permission metadata. The platform provides identity governance, access assessments, permission and lifecycle management, and identifies overly broad permissions, inactive accounts, and misconfigurations. Integration into ServiceNow’s Security and Risk products will feed identity context into an AI Control Tower and affect Vulnerability Response, Incident Response, and Integrated Risk Management by linking identity data to vulnerabilities and incidents. Accurate access control becomes more critical as AI automates processes.

Read at Techzine Global