Neon Cyber Emerges from Stealth with Workforce Cybersecurity Platform

Strategic Insights -

Neon Cyber, a startup founded by cybersecurity veterans Cody Pierce and Mark St. John, has emerged from stealth mode with its Workforce Cybersecurity Platform (WCP). The platform is designed to protect employees from threats like phishing, credential abuse, and SaaS sprawl, which are common causes of data breaches. According to the company, 60% of breaches involve a human element, with stolen or misused credentials driving 22% of initial access and phishing close behind at 16%. Neon's WCP aims to provide a missing enforcement layer between identity providers, anti-phishing email security tools, and the user.

Key Takeaways:

  • The Workforce Cybersecurity Platform (WCP) is the first security solution to protect employees across browsers, SaaS applications, and enterprise systems in every department.
  • Neon's founders, Cody Pierce and Mark St. John, have decades of experience in cybersecurity and successfully built and exited their first venture, AlphaWave, in 2021.
  • Pierce serves as CEO, bringing experience from roles at ZeroFox, LookingGlass, Rapid7, and Endgame, while St. John serves as COO, with more than 20 years of defensive expertise at enterprises such as Verizon, LookingGlass, and ZeroFox.
  • The company has already established partnerships with organizations in various industries, including healthcare, energy, and state and local government.
  • Neon's WCP includes AI-powered phishing protection, comprehensive shadow SaaS risk visibility, and behavior-based authentication governance and compliance in the browser.

Statistics:

  • 60% of breaches involve a human element (Source: Neon Cyber)
  • Stolen or misused credentials drive 22% of initial access (Source: Neon Cyber)
  • Phishing is the second leading cause of breaches at 16% (Source: Neon Cyber)
  • 62% of companies say that customs and user errors are significant causes of security breaches (Source: SANS Institute)
  • 71% of organizations report that identity and access management is a top security priority (Source: SANS Institute)

Sources:

  • Neon Cyber press release
  • SANS Institute (SANS Institute)
  • ZeroFox Website