New Relic Announces General Availability of Vulnerability Management

Rhea-AI Summary

New Relic (NYSE: NEWR) has launched its Vulnerability Management solution, enabling organizations to manage security vulnerabilities as part of their observability practice. This tool provides zero configuration visibility, integrates third-party data, and includes new vulnerability testing capabilities, available at promotional pricing until the end of January. The solution allows teams to identify and triage vulnerabilities seamlessly across their tech stack, helping avoid tool silos. New Relic aims to enhance application security and streamline workflows for development, security, and operations teams. General availability in the EU is projected for February 15, 2023.

Positive

• Launch of Vulnerability Management enhances security capabilities for customers.
• Promotional pricing until January 31 encourages early adoption.
• Seamless integration of third-party data broadens the tool's applicability.
• Zero configuration visibility simplifies vulnerability management for users.

Negative

• Vulnerability Management's effectiveness in a rapidly changing security landscape remains to be seen.
• Promotional pricing may not reflect the long-term value once the offer ends.

Enterprises can now manage security vulnerabilities as an integrated part of their observability practice with zero configuration visibility, open third party data integrations, new vulnerability testing capabilities, and an introductory promotional pricing offer

SAN FRANCISCO--(BUSINESS WIRE)-- New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced the general availability of New Relic Vulnerability Management to provide customers with security monitoring, helping engineering teams identify and triage vulnerabilities across their tech stack, all in one place, now available for purchase until the end of January at a promotional rate. This includes new Interactive Application Security Testing (IAST) capabilities, added to New Relic with the acquisition of K2 Cyber Security, that enable teams to perform vulnerability testing without having to make any code changes or interrupting normal business operations. Vulnerability Management is available out of the box and available without additional configuration.

Vulnerability Management is a natural addition to New Relic’s existing 30+ observability capabilities and aligns with its vision of eliminating data, tool, and team silos. The solution integrates New Relic’s native vulnerability signals and third party security signals into its purpose-built Telemetry Data Platform to monitor and manage all enterprise telemetry data in one place. Development, security, and operations teams can now use one connected experience to manage application security issues and avoid switching between siloed tools. All of this is available as part of New Relic’s industry leading simple and transparent consumption pricing with a promotional offer to democratize observability and security for all engineers.

Today, DevOps teams work separately from security organizations, using different assessment tools and siloed data that can result in an incomplete picture of the vulnerability surface area of the software stack. This leaves many organizations struggling to protect their applications at the source code and runtime level. For example, security teams are still dealing with a critical flaw in the popular open-source logging tool Log4j more than a year after it was announced – of which 30% of instances remained vulnerable to exploitation. These types of vulnerabilities are challenging to locate and identify in the stack and can be so widespread that they can impact mission-critical software through unknown external dependencies. Vulnerability Management solves for this by providing visibility into an organization’s entire tech stack so they can identify vulnerabilities and protect their applications at every stage of the software development lifecycle.

“Maintaining application security is a critical part of the overall software developer workflow.” said New Relic CEO Bill Staples. “As a leader in observability, New Relic’s data-driven approach puts us in a unique position to provide security visibility across the entire enterprise tech stack. Our customers have been rapidly adopting the new Vulnerability Management capability while in preview and we are very excited to begin general availability at a promotional price, and simultaneously introduce new Vulnerability Testing capabilities in limited preview. ”

"Over 220 million Africans rely on our platform for their payment needs. We provide the payment rails to 120 banks and thousands of global and local businesses for their everyday operations, which means that security at scale is paramount to our business,” said Cellulant VP of Software Engineering Michael Muriuki. “New Relic Vulnerability Management has made it very easy for our engineers to gain real-time visibility into our applications at the production level and identify any vulnerabilities, assess their criticality, put them into context, and fix them at the application layer. We are able to do all of this at scale while preserving precious engineering resources and maintaining great customer experience.”

“Our digital marketplace enables thousands of creators. Like any thoughtful business, trust and security are fundamental to providing an excellent customer experience, which is why we rely on New Relic to bring our observability practice into alignment with our security practice,” said Thortful Co-founder and CTO Eric Genet. “Our engineers don’t have to look at multiple systems. They can see all of their alerts and system performance in one place, so we can get in front of potential issues well before they reach the customer.”

Key capabilities include:

• Zero configuration visibility: Instant and actionable security information with no additional configuration that brings continuous runtime software composition analysis (SCA) for risk assessment across the stack.
• New vulnerability testing capabilities in limited preview: Detect signatureless vulnerabilities in pre-production environments using IAST. The new capabilities leverage a patented deterministic technique to identify and provide automated vulnerability validation with proof of exploit.
• Open third party integrations: Unified security view across the stack and software lifecycle by adding security data with New Relic’s open ecosystem using built-in quickstarts, or from any custom source using New Relic’s security APIs.
• Automatic risk prioritization: Evaluate security risks across the software stack correlated with the service catalog.
• Alerting on newly discovered vulnerabilities: Notifications via Slack and Webhooks when new vulnerabilities are introduced in the code base.

Vulnerability Management is now generally available to all New Relic accounts in the US region, with general availability in the EU region planned for Feb 15, 2023. It is included as part of the Data Plus bundle or the Free Tier. Users can also add it to any consumption pricing plan for $0.10/GB on top of their current data ingest price, or at the promotional pricing of an additional +$0.06/GB if they purchase by January 31.

To learn more, read the blog and visit https://newrelic.com/platform/vulnerability-management.

About New Relic

As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New Relic delivers the only unified data platform that empowers engineers to get all telemetry—metrics, events, logs, and traces—paired with powerful full stack analysis tools to help engineers do their best work with data, not opinions. Delivered through the industry’s first usage-based consumption pricing that’s intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, change failure rates, release frequency, and mean time to resolution. This helps the world’s leading brands including adidas Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg, GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf, and World Fuel Services (WFS) improve uptime, reliability, and operational efficiency to deliver exceptional customer experiences that fuel innovation and growth. www.newrelic.com.

Forward-looking statements

This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding New Relic Vulnerability Management, including any anticipated benefits, results and future opportunities related thereto. The achievement or success of the matters covered by such forward-looking statements are based on New Relic’s current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause New Relic’s actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement. Further information on factors that could affect New Relic’s financial and other results and the forward-looking statements in this press release is included in the filings New Relic makes with the SEC from time to time, including in New Relic’s most recent Form 10-Q, particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at http://ir.newrelic.com or the SEC's website at www.sec.gov. New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005510/en/

Media Contact

Elena Keamy

New Relic, Inc.

PR@newrelic.com

Investor Contact

Ingo Friedrichowitz

New Relic, Inc.

IR@newrelic.com

Source: New Relic

FAQ

What is New Relic's Vulnerability Management solution?

New Relic's Vulnerability Management is a security monitoring tool designed to help organizations identify and manage vulnerabilities in their tech stack.

What are the key features of New Relic Vulnerability Management?

Key features include zero configuration visibility, new vulnerability testing capabilities, open third-party integrations, and automatic risk prioritization.

How long is the promotional pricing for New Relic's Vulnerability Management?

The promotional pricing for New Relic's Vulnerability Management is available until January 31.

When will New Relic Vulnerability Management be available in the EU?

General availability of New Relic Vulnerability Management in the EU is planned for February 15, 2023.

What benefits does Vulnerability Management provide to DevOps teams?

It provides a unified experience for DevOps teams to monitor and manage application security issues without switching between siloed tools.