Mimoto is a security compliance startup, founded by Kris Bondi and Doug Coburn, that uses machine learning to match verified profiles to specific individuals and detect anomalies in account usage. It targets the gap between a company's security policies and what employees actually do. Mimoto is an FN Fund portfolio company.
Data breaches and internal threats continue to make headlines. Mimoto offers a security compliance product designed to bridge the gap between security policies and human behavior.
At the heart of Mimoto’s vision is the recognition that traditional security measures often fall short. That’s especially true when it comes to addressing threats originating from within an organization, such as employees who simply ignore their organization’s security protocols. Founded by Kris Bondi and Doug Coburn, the startup is on a mission to reduce the biggest security risk factor, the unknown internal human element.
This post describes what Mimoto does and the problem it addresses.
The Problem
Data breaches continue to pose a significant threat to organizations of all sizes. IBM’s Cybersecurity Intelligence Index has long attributed a large share of these breaches to employee actions, whether unintentional mistakes or deliberate actions.
Verizon’s Data Breach Investigations Report says the most frequent causes of breaches continue to heavily involve the human element, including social engineering, phishing and stolen credentials. That points to a need for tools that address these vulnerabilities at their core.
To punctuate the challenges organizations face in trying to address who is accessing internal systems, Gartner included Identity Proofing and Affirmation as a hot topic at its 2023 Identity Management Summit. The event highlighted the importance of establishing “trust in a user’s real-world identity, while creating minimal friction in the user experience.”
The Solution
Mimoto offers a security compliance product that uses machine learning to match verified profiles with specific individuals. This approach enables the platform to detect and automatically respond to anomalies in account usage and deviations from established policies. The result is a clearer view of who is acting inside the organization. For example, even when a group account, such as an admin account, is used, Mimoto identifies which person within the group is using the admin access, or if someone unauthorized is using it.
Mimoto addresses a critical gap that exists in many organizations. It bridges the divide between the security and compliance policies that companies put in place and the actual behavior of internal stakeholders. By doing so, Mimoto provides insight into employee actions, allowing for swift action when discrepancies or suspicious activities arise.
How Mimoto Supports Security Adherence
Central to Mimoto’s security compliance solution is the ability to match machine learning-generated verified profiles with specific individuals. Unlike traditional approaches that focus on credentials, Mimoto shifts the focus to the individual behind the actions.
This approach enables the platform to identify and mitigate internal threats that might otherwise go unnoticed. By prioritizing human behavior, Mimoto aligns its goals with the priorities of CIOs and CTOs. This includes data extraction, operational continuity, legal and regulatory adherence, and contractual obligations.
The Future of Cybersecurity
Internal threats are one of the harder challenges in cybersecurity. By offering a tool that not only identifies anomalies but also responds to them in real time, Mimoto helps organizations safeguard their sensitive data and maintain compliance with industry regulations.
In conclusion, Mimoto’s approach to internal security centers on who is acting, not only which credential was used. By focusing on the human element and addressing the gap between policies and behavior, Mimoto aims to give organizations clearer insight into internal threats.
Mimoto is an FN Fund portfolio company. Headquartered in San Francisco, FN Fund is a seed-stage venture capital firm affiliated with Founders Network (FN). To learn more about FN Fund, click here.
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Frequently asked questions
What does Mimoto do?
Mimoto offers a security compliance solution that uses machine learning to match verified profiles with specific individuals. It detects and automatically responds to anomalies in account usage and deviations from established policies.
How does Mimoto handle shared admin accounts?
Even when a group account such as an admin account is used, Mimoto identifies which person in the group is using the access, or whether someone unauthorized is using it.
Who founded Mimoto?
Kris Bondi and Doug Coburn founded Mimoto to reduce what they describe as the biggest security risk factor, the unknown internal human element.
What is FN Fund's relationship to Mimoto?
Mimoto is an FN Fund portfolio company. FN Fund is a seed-stage venture capital firm headquartered in San Francisco and affiliated with Founders Network.
