- The platform from Action1 aims to address the persistent problem where 82% of all cyberattacks face unpatched vulnerabilities.
- The company plans on releasing its zero-knowledge architecture update in the first half of 2024.
Action1 Corp., a risk-based patch management startup, announced raising USD 20 million in new funding for research and development, emphasizing particularly on implementing zero-knowledge architecture into its existing platform.
Commenced in 2018, Action1 bills itself as the top risk-based patch management tool for dispersed networks. With a single solution, the company’s platform helps businesses identify, prioritize, and fix vulnerabilities to stop security breaches and ransomware attacks. In a zero-knowledge architecture, data is encrypted by the user rather than in a vendor’s cloud because the user may confirm information without disclosing it.
The platform from Action1 aims to address the persistent problem where 82% of all cyberattacks face unpatched vulnerabilities. The company says patch management has become a crucial component of a thorough cybersecurity strategy as most businesses operate increasingly distributed networks due to adopting remote work.
According to the company, zero-knowledge protocols are becoming increasingly critical in cybersecurity to ensure system transactions are encrypted and authenticated without disclosing essential information. Doing this adds a key line of defense, significantly lowering the possibility of successful supply chain attacks.
It is alleged that many businesses ignore this crucial security procedure. The complexity of contemporary information technology settings and the absence of automation in patch deployment are some causes. Enterprises typically have 67 apps installed on each device, but 73% do not automate third-party patching, which takes 2.5 times longer on distant endpoints.
Action1 claims to provide a patching engine with a 99% success rate to handle these problems. The company hopes to improve patch management’s resilience by adding zero-knowledge architecture, making it a highly secure, user-friendly solution for the modern, distributed enterprise.
Mike Walters, President, and Co-founder, said, “Action1 provides enterprises with easy-to-use and powerful solutions for continuous patch compliance, all fortified by advanced security measures. These measures ensure the highest level of protection for the product and its underlying infrastructure, effectively addressing the evolving needs of modern distributed enterprises in mitigating the threat of supply chain attacks.”
The company intends to release its zero-knowledge architecture update in the first half of 2024.