Zscaler Buys Canonic Security to Thwart Supply Chain Attacks
Bank Info Security – Michael Novinson
The San Jose, California-based cloud security vendor says its proposed acquisition of Tel Aviv, Israel-based Canonic Security will help customers streamline SaaS application governance and enforcement. Connecting third-party applications and browser extensions to SaaS platforms means critical data assets are being held in third-party drives, email clients and chatbots, adding risk to the supply chain.

Terms of the acquisition, which is expected to close in the current fiscal quarter, weren’t disclosed. Zscaler’s stock was up $1.14 – or 0.85% – to $135.01 in trading Tuesday afternoon (see: Zscaler CEO: ‘Uncertainty Can Act as a Catalyst for Change’).

Integrating Canonic’s supply chain security capabilities into Zscaler’s data protection services will allow customers to consolidate point products, reduce costs and simplify management, according to Zscaler. Specifically, Canonic can automate the monitoring of misconfigurations and compliance violations in SaaS platforms such as Atlassian Suite, Google Workspace, Microsoft 365, Salesforce and Slack.
Link: https://www.bankinfosecurity.com/zscaler-buys-canonic-security-to-thwart-supply-chain-attacks-a-21198