Oleria Earns Spot As World Economic Forum's 2024 Technology Pioneer In Cybersecurity

Oleria, a provider of adaptive and autonomous identity security, has been selected by the World Economic Forum (WEF) as an official 2024 Technology Pioneer. The WEF Technology Pioneers program recognises 100 leading technology organisations that develop and deploy new technologies and innovations essential for shaping a better future.

This designation places Oleria among a select group of organisations that will contribute to the Forum's global initiatives. They will share insights on cybersecurity with leaders in government, business, and academia. Identity security has become a critical aspect of cybersecurity, with 80% of breaches involving compromised identities, costing enterprises billions annually.

The proliferation of SaaS applications and AI has led to a 71% increase in identity-targeted attacks year over year, according to the 2024 IBM Threat Intelligence Index. For the first time, abusing valid accounts has become cybercriminals’ most common entry point into victim environments. Attackers are now logging in rather than hacking in, exploiting legacy systems and manual processes that cannot keep up with modern cloud and SaaS-centric organisations.

Jim Alkove, founding CEO of Oleria and former Chief Trust Officer at Salesforce, emphasised the importance of identity security. "As I learned from my experience as a founding board member of the World Economic Forum’s Center for Cybersecurity, identity security is a critical challenge for organisations across every continent and industry," Alkove said.

Oleria was created to provide an adaptive and autonomous approach to identity security. Their platform offers detailed access visibility and usage insights at an individual resource level, empowering CISOs to answer essential questions about access and usage.

Phil Quade, Chief Operating Officer with Evolution Equity Partners and former Chief Information Security Officer at Fortinet, highlighted the increasing security risks faced by enterprises and governments. "Oleria's innovative approach to identity security offers a comprehensive solution that addresses the complexities and dynamic nature of modern cyber threats," Quade stated.

Oleria focuses on fine-grained access control and usage visibility, providing security leaders with tools to manage identity security effectively. This collaboration with the WEF aims to advance global cybersecurity standards and protect critical assets.

"Being named one of the World Economic Forum's Technology Pioneers is an incredible honour," added Alkove. "We are eager to share our insights with global leaders and drive the future of identity security."

About Oleria

Oleria provides adaptive and autonomous identity security solutions designed for today’s dynamic enterprises. Built on the Trustfusion platform, Oleria Adaptive Security offers detailed access visibility and usage insights at an individual resource level. This allows CISOs to confidently answer critical questions about access and usage within their organisations.

Founded by cybersecurity veterans with decades of experience, Oleria has received over $40 million in funding from Evolution Equity Partners, Salesforce Ventures, Tapestry VC, Zscaler, and other technology luminaries. For more information, visit www.oleria.com or follow Oleria on LinkedIn and Twitter.