Stack Identity Announces Compliant-Ready Solutions for REs in Alignment with SEBI’s Cloud Services Framework

Silicon Valley primarily based startup Stack Identity with R&D operations in Pune, India has introduced it has launched the primary “Out-of-the-Box” resolution to assist regulated entities equivalent to inventory exchanges, clearing firms, depositories, stockbrokers, asset administration and KYC registration to be compliant to the Framework for Adoption of Cloud Services established by The Securities and Exchange Board of India (SEBI) for its (REs) in March 2023.

The not too long ago launched Shadow Access Impact Report at Black Hat, in early Aug 2023 exhibits that 96% of identities in cloud environments are non-human or machine identities.Ramanand Kambli, Global Business Head at Stack Identity stated, “Over time, these identities and their entitlements have generated important challenges for cloud operations and safety groups as they create an accumulation of invisible, over-permissive, unmonitored, and ungoverned entry to enterprise purposes and information. These are the sorts of Shadow Access in the cloud that attackers have been utilizing to breach or ransom information. SEBI’s compliance tips assist deal with these dangers and are an vital step to guard India’s rising affect in the worldwide monetary sector. Stack Identity has been working with a number of clients in this regulated market in India to establish and reveal dangers.”

Dr. Prakash Shetty, Director – Worldwide Customer Success and Product Strategy of Cloud Security and Operations at Stack Identity said, “We are the trade’s first Identity Security Data Lake which helps clients to constantly monitor and assess compliance and dangers of id and entry controls throughout their cloud environments. Our resolution can run each as a SAAS or in buyer environments and generate automated proof in 60 minutes for clients, impartial service suppliers or auditors.”

Stack Identity’s Identity Security Data Lake has a patent pending intelligence algorithm built-in to additional present a prioritized listing of entry dangers to buyer’s cloud information and assist them govern it. The SEBI framework mentions SOC-2 compliance in its framework, which Stack Identity helps, in addition to different compliance requirements equivalent to CIS, PCI-DSS, HIPAA and FedRAMP.

About Stack Identity

Stack Identity created the trade’s first id safety information lake for entry governance of identities and entitlements throughout information, apps and cloud. Through its patent-pending algorithm Breach Prediction (BPI), utilized with deep information and utility context, Stack Identity helps clients to automate entry evaluations for compliance, safe information entry in the cloud and monitor and remediate privileged entry.

Visit us at www.stackidentity.com to find out how we provide help to with id and entry dangers to information in the cloud and enroll for a free assessment.