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    RPD   US7534221046


Delayed Nasdaq  -  04:00 2022-11-29 pm EST
27.52 USD   -0.94%
11/21Insider Sell: Rapid7
11/17North American Morning Briefing: Muted Start Seen -2-
11/16KeyBanc Downgrades Rapid7 to Sector Weight From Overweight, Cites Caution Around Outlook for Platform Cross Sell, Macro Challenges
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Code42 : and Rapid7 Partner to Deliver Enhanced Detection and Investigation of Insider Threat Events

08/03/2021 | 09:16am EST

Together, Code42 Incydr and Rapid7 InsightIDR Help Security Teams Prioritize Risks and Strengthen Compliance Without Blocking User Productivity

Today, Code42, the Insider Risk Management leader, announced it has integrated the Code42® Incydr™ product with Rapid7 InsightIDR. Security teams using InsightIDR with the Code42 Incydr integration will have the ability to identify, prioritize and triage the most critical insider threat events – data leakage, theft or malicious attempts to conceal file exfiltration. Code42 Incydr is the first data source dedicated to insider threat events to be accessible to InsightIDR users.

This integration will improve SOC analysts’ abilities to detect insider threat events by improving the signal of risky events, reducing the noise from trusted activities, and simplifying investigations, thereby saving security teams hours of time. One-click access to the Code42 Incydr console directly from InsightIDR enables analysts to execute fast, contextualized insider threat investigations and strengthens compliance and file integrity monitoring (FIM). Incydr technology surfaces critical file modification events, contents of exfiltrated files and directly attributes users to suspicious activity in real-time. These combined capabilities inform appropriate triage through the right human and automated response actions.

“Distributed work environments and the increased use of file sharing and collaboration for legitimate work purposes are making it more difficult for security analysts to determine which file activities within their organizations are real threats to the business,” said David Beaver, global director of strategic alliances at Rapid7. “The Code42 Incydr solution is helping InsightIDR further diminish noise with advanced contextualization of data movement by employees and contractors, which will accelerate response times and better support critical investigations.”

Traditional approaches to protecting against insider threats – data loss prevention (DLP) tools – are dependent on classification and policies and are unable to keep pace with the modern-day workforce. As the borderless and hybrid workforce continues to rely on cloud-based, collaborative technologies post-pandemic, organizations must move away from strategies that block employees’ legitimate work and file sharing. Otherwise, their data could be put at risk by employees and users who modify sensitive files in an attempt to circumvent policies, misclassify valuable data or adopt unsanctioned technologies that introduce new vectors for exfiltration.

“Security leaders have indicated in our research that 69% of them have experienced a data breach even when they have had a DLP in place. It is clear that today’s organizations need a better way to identify and respond to data exposure and exfiltration happening from inside their organizations,” said Ananth Appathurai, senior vice president of strategic partnerships and ecosystem at Code42. “Our integration with InsightIDR helps analysts quickly determine what is and isn’t a threat. It combines the granular context and high-fidelity alerts that the Code42 Incydr product is known for with Rapid7’s industry-leading detection and response solution to deliver actionable insights immediately and eliminate blindspots to insider threats.”

Additional Code42 Resources

About Code42

Code42 is the Insider Risk Management leader. Native to the cloud, the Code42® Incydr™ solution rapidly detects data loss, leak and theft as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. With Code42, security professionals can protect corporate data and reduce insider threats while fostering an open and collaborative culture for employees. Backed by security best practices and control requirements, the Code42 Incydr solution is FedRAMP authorized and can be configured for GDPR, HIPAA, PCI and other regulatory frameworks.

More than 50,000 organizations worldwide, including the most recognized brands in business and education, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and is backed by Accel Partners, JMI Equity, NewView Capital and Split Rock Partners. Code42 was recognized by Inc. magazine as one of America’s best workplaces in 2020 and 2021. For more information, visit code42.com or join the conversation on our blog, LinkedIn, Twitter and YouTube.

About Rapid7

Rapid7 (Nasdaq: RPD) is advancing security with visibility, analytics, and automation delivered through our Insight cloud. Our solutions simplify the complex, allowing security teams to work more effectively with IT and development to reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks. Over 8,900 customers rely on Rapid7 technology, services, and research to improve security outcomes and securely advance their organizations. For more information, visit our website, check out our blog, or follow us on LinkedIn.

© 2021 Code42 Software, Inc. All rights reserved. Code42, the Code42 logo and Incydr are registered trademarks or trademarks of Code42 Software, Inc. in the United States and/or other countries. All other marks are properties of their respective owners.

ę Business Wire 2021
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Financials (USD)
Sales 2022 680 M - -
Net income 2022 -137 M - -
Net Debt 2022 495 M - -
P/E ratio 2022 -11,8x
Yield 2022 -
Capitalization 1 630 M 1 630 M -
EV / Sales 2022 3,12x
EV / Sales 2023 2,57x
Nbr of Employees 2 353
Free-Float 97,6%
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 27,52 $
Average target price 46,77 $
Spread / Average Target 69,9%
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Managers and Directors
Corey Eugene Thomas Chairman & Chief Executive Officer
Andrew Frank Burton President & Chief Operating Officer
Timothy M. Adams Chief Financial & Accounting Officer
Tas Giakouminakis Chief Technology Officer
J. Benjamin H. Nye Lead Independent Director
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