From: RegTech Analyst
Theta Lake, the RegTech company, has expanded its security and risk management capabilities to empower organisations to manage safe, secure employee use of collaboration platforms.
The compliance technology business’ update comes as companies around the world have embraced remote working to limit the spread of the coronavirus pandemic.
As part of their efforts, many industries have adopted new collaboration tools like Zoom and Microsoft Teams, the last of which reported a record 75 million daily active users in April. Zoom experienced a jump from 200 to 300 million daily active users in the same period.
However, with the rising popularity of these platforms, the risk of cybersecurity and compliance failures have jumped too.
It’s against this background that Theta Lake has expanded its offering.
“These market movements have brought to light the security value Theta Lake provides,” said Dan Nadir, chief product officer at Theta Lake. “We’re expanding on that security foundation with new capabilities that provide organisations with peace of mind that they have strong risk management for their collaboration usage and that they’re as secure as they can be.”
With the new expansion to its platform, Theta Lake provides organisations with best-practice management of security, data privacy, misconduct, and other risks that empowers organisations across all industries to readily leverage the benefits from collaboration.
For instance, Theta Lake Safety COVER (Configuration Validation and Enforcement Reporting) provides best practice policy recommendations for the platform’s security settings, such as use of meeting passwords and waiting rooms, and then monitors to ensure that these rules are not changed or disabled.
The expanded coverage also helps users detect potential data loss risks, including detecting confidential data.
Theta Lake’s updated coverage also offers protection against misconduct via its hundreds of detections and search filters for acceptable use, privacy, and information security. Using these tools will empower organisations to easily implement policies to identify conduct risks, such as abusive and controversial behaviour, and nip these problems in the bud.
“With organisations in virtually every industry adopting work-from-home-enabling technologies led, first and foremost, by the adoption of collaboration platforms, we are proud to empower our customers to pursue the full ROI of these strategies while remaining confident that they are doing so securely,” said Devin Redmond, CEO at Theta Lake.
“Our latest release addresses both reducing risks to the collaboration platforms, themselves, as well as increasing safety inside of the communications between employees, partners, and customers by adding best-in-class coverage for detecting inappropriate conduct, potential data loss, and security risks in rich collaboration communications.”
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