Varonis Systems, Inc. · NASDAQ:VRNS
Varonis Systems — William Blair 44th Annual Growth Stock Conference 2024
27 slides from Varonis Systems's conference presentation, Jun 4, 2024
Slide 1: Varonis Overview
Varonis Overview Continuously discover critical data, eliminate exposure, and stop threats without manual effort. 2024 William Blair Growth Stock Conference
Slide 2: Cybersecurity is inherently a data problem
Cybersecurity is inherently a data problem — the more data that enterprises can process, the more events they can detect and address. - Jensen Huang, founder and CEO of NVIDIA
Slide 3: It's all about the data.
Phishing R ED Supply chain It’s all about SAS E B/ the data. APTs S CA L AL EW For most companies, data is IR Ransomware /F their most valuable and NA LP ZT vulnerable asset. D Insiders Y Data is always the target. IT NT IDE Data
Slide 4: The blast radius is growing relentlessly.
The blast radius is growing relentlessly. Annual data growth rate 23% Unique permissions to manage Data 40M Files open to every employee 17M
Slide 5: Fully automated data security
Fully automated data security Real-time visibility Understand your true data security posture in real-time. Automated prevention Varonis is a top choice for Continuously reduce your blast radius, apply labels, and enforce policies. organizations prioritizing deep data visibility, classification capa
Slide 6: Real-time visibility
Real-time visibility Sensitivity Complete Full scans on huge data stores. No blind spots. Permissions Contextual & Configs Is sensitive data exposed, labeled, or under attack? Current Activity We know what’s changed and created, so visibility is always up-to-date.
Slide 7: Automation
Automation aw _
Slide 8: Automated prevention
Automated prevention Auto-enforce policies: Revoke excessive access Fix misconfigurations Fix labels Disable third-party apps Data lifecycle Data residency
Slide 9: Customer quote: folder clean-up and remediation
Varonis has, in magnitudes of a hundred times or more, simplified how fast we can get through folder clean-up and remediation… In a matter of months, it completed remediation tasks that would take us over three years to do manually. Security Engineer Regional Healthcare System
Slide 10: Security for Generative AI
Security for Generative AI
Slide 11: Security and privacy concerns are the primary issue to Copilot adoption
All [Microsoft] partners noted that security and privacy concerns continue to be the primary issue to [Copilot] adoption - Karl Keirstead, UBS Research
Slide 12: What's new? Microsoft Copilot
What's new? What's the latest from person , organized by emails, chats, and files? Q) How to How do | write a request for proposal? Copilot For Microsoft 365 Get the gist Give me a bullet list of key points from file ZY Generate ideas List ideas for a fun remote team building event OK, what can | he
Slide 13: Microsoft's Cloud Permissions Report
Microsoft’s Cloud Permissions Report + Most identities are greatly over permissioned + More than half of permissions are high risk + 99% of user permissions are unused
Slide 14: Microsoft partner quote on Varonis integration
+ “Varonis' integration gives customers the added security and compliance controls necessary to quickly and confidently adopt Microsoft Copilot for M365.” Anat Gil, Partners Lead, Microsoft Europe
Slide 15: Detection
Detection
Slide 16: Varonis Threat Detection Evolution
Varonis Threat Proactive Detection Evolution IR SaaS Varonis Threat Labs Incident Response Recognized leadership UEBA Real- Team Audit Time Trail Alerts INNOVATION 2006 2013 2016 2018 2021 2022 2023
Slide 17: Proactive detection
Proactive detection Insider threats Auto-response Lateral movement APT activity Privilege escalation Varonis IR team Ransomware 24x7x365 MDDR Email compromise Data exfiltration Your SOC
Slide 18: Varonis MDDR: stop data breaches 24x7x365
Varonis MDDR: stop data breaches 24x7x365 Data-Centric Telemetry AI-Powered Threat Detection 24x7x365 MDDR Unique, hard-to-get ingredients We understand normal and abnormal Our experts monitor and to uncover threats to data data access for each user and device. respond to alerts so you others miss.
Slide 19: Customer quote: Varonis team monitoring alerts
The Varonis team can look at alerts, identify what attacks are currently active out in the world, and know which ones might impact us. Having Varonis’ eyes on our infrastructure to ensure we’re not missing anything has been huge. Director of IT, Financial Service Company
Slide 20: Where do we start?
Where do we start?
Slide 21: How we start: Free data risk assessment
How we start: Free data risk assessment + Enable full platform access Map key + Analyze permissions, identities, configurations data stores + Discover & classify data + Exposed sensitive data, shared links, rogue admins Prioritize + Active Directory & SaaS attack paths risks + Compliance gaps + Enab
Slide 22: One platform for multi-cloud, SaaS, on-premises
One platform for multi-cloud, SaaS, on-premises File storage SaaS & Email IaaS & Databases Windows Azure Files NetApp Salesforce Google Drive Box AWS Azure Snowflake Nasuni Nutanix UNIX/Linux Microsoft 365 Teams GitHub Databricks MySQL MS SQL Identity Endpoints Network Third-party apps APIs View all
Slide 23: What's the Outcome?
What’s the Outcome?
Slide 24: Results from a new Varonis customer
Results from a new Varonis customer (one of thousands) Automated outcomes you can share with your board. + Classified and labeled 3 PBs of data + Ransomware: abnormal data access by a service account + Remediated external and org-wide data exposure + Insider: abnormal activity on sensitive and idle
Slide 25: Copilot Readiness in 10 days
Copilot Readiness in 10 days Varonis reduced a financial institution’s Copilot exposure by 99.8% in 10 days. Zero impact on the business using 20 automation policies to lock down ~1 million files. 992K 57K 99.8% 0 exposed exposure tickets files files reduction complaints Starting point Identifying 1
Slide 26: Real life MDDR example
Real life MDDR example Abnormal Service Behavior: Response and recovery Live Exfiltration to mega[.]nz Access to Atypical Folders Case Resolved 20 Minutes Later Immediately After Sunday Night 10 Minutes Later On the Same Day Dec 3rd 2023 Abnormal Service Behavior: Customer Engaged by Access to Atypi
Slide 27: Thank you.
Thank you.
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