Coro | July 28, 2022
Coro, the all-in-one cyber security platform for mid-market organizations, growing businesses, and lean IT teams, today announced the launch of its unique Incubiz program. This program is designed to help entrepreneurs build and grow a successful business in one of the hottest markets today - cyber security - with zero risk, upfront costs, or experience needed.
Incubiz will debut in Chicago, Illinois, the location of Coro’s newest U.S. office. Small businesses account for 99.6% of Illinois' private enterprise, making them a vital part of the state's economy. Additionally, Illinois is the 7th largest tech employer in the country, employing over 318 thousand people. According to Zoominfo, Chicago and the surrounding suburbs are home to about 219,000 small to mid sized businesses and more than 4,000 mid-market companies. It is also one of the hottest startup markets in the U.S. With more than six thousand technology companies and 378 startups founded in the city in the past five years, these companies are all vying for cybersecurity help, making Chicago the perfect hub for the next step in Coro’s growth.
Driven by a robust talent pipeline, the state of Illinois is on the way to achieving Tier-1 tech hub status. In 2021, it had the fourth largest increase in technology job postings, and only three states added more tech jobs than Illinois over the past decade. But with the state’s employment opportunities shifting away from manufacturing and toward service- and knowledge-based work, many medium-wage jobs have been eliminated and many workers do not have the skills or education to attain higher-wage employment. A recent Illinois Future of Work report found that there is a need to create “stronger on-ramps for high wage jobs” in the state, citing that not having a bachelor’s degree is holding many back from being considered for higher-earning positions. This is further polarizing the job market, given that only 35.5% of Illinois adults have a bachelor’s degree.
In support of the state’s drive to make higher-earning jobs available for more workers, to build off Chicago’s tech momentum, and to close the cyber security skills gap our nation is facing, Coro has created an innovative, one-of-a-kind program to provide job opportunities in one of the hottest markets today, without any prior cyber security experience or college education.
The Incubiz program is open to entrepreneurs looking to start a cyber security business, buy into a franchise, or start a managed service provider/managed security service provider (MSP/MSSP) that provides outsourced security monitoring and management. Incubiz provides the potential for employees to achieve higher earnings without the prerequisite of many similar job openings. Individuals accepted into Coro’s 18-month Incubiz program will be provided with the training, support, and infrastructure needed to build a valuable skill set and ultimately launch their own cyber security business. Not only are there no costs to participants, they will be paid a competitive salary as a Coro Authorized Security Consultant. Upon completion of the program, participants will be able to operate independently, but with access to continued support and residual income from any customers brought in during the incubation period.
“Coro’s mission is to continually innovate and develop the best cyber security tools possible. We’re excited to offer our expertise and resources to help the next generation of cyber entrepreneurs through our new Incubiz program. “The Illinois job market is at a crossroad, and this program is a great opportunity for workers to attain a higher-paying job without needing a predefined skillset or degree. Chicago is the perfect market to launch IncuBiz, and we are eager to add to the city’s flourishing tech scene and offer more equitable employment opportunities within the state.”
Jim Tarantino, Chief Revenue Officer at Coro
Coro developed its powerful cyber security platform to address the noticeable cyber security gaps in the mid-market and SMB segments, making enterprise-grade security accessible to any business at a fraction of the cost of other solutions. Coro is one of the fastest growing cyber security companies today and has seen significant momentum with 300% year-over-year growth for each of the past three years and into 2022. Earlier this year, Coro announced $80M in funding and a rapid expansion in the Chicago market.
Coro is one of the fastest growing security solutions for the mid-market, providing all-in-one protection that empowers organizations to defend against malware, ransomware, phishing, and bots across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for holistic security protection, unrivaled ease of use, and unmatched affordability. Built on the principle of non-disruptive security, the Coro platform employs innovative AI technology to identify and remediate the many security threats that today's distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. Investors in Coro include Balderton Capital, JVP, MizMaa Ventures, and Ashton Kutcher’s Sound Ventures.
Sternum | June 21, 2022
Sternum, a pioneer in autonomous IoT security and observability, has joined NXP Semiconductors' software partner community, one of the world's top makers of embedded controllers and largest marketplaces. As a result, IoT manufacturers that rely on NXP for their controller supply will be able to effortlessly integrate Sternum's proprietary security and visibility capabilities into their products as a result of this agreement.
With a CPU overhead of less than 3% during the DD process, Sternum's Embedded Integrity Verification was able to disarm the threats evaluated by NXP researchers. The sternum is a great addition to NXP products since it successfully handles increased remote runtime assaults against linked devices.
According to P&S Intelligence, the embedded security business will be worth more than $10 billion by the end of the decade. The graph depicts a growing need to secure more ubiquitous linked gadgets and cyber-physical systems, which are expanding in both consumer and corporate sectors, against exploitation.
IoT devices, which are frequently weak in both security and visibility, are transforming whole industries—and have surfaced as a critical security breach in enterprises' security perimeters. Without proactive security measures, businesses are forced to rely on costly and time-consuming vulnerability patching, prompting them to look for other options.
"NXP's microcontrollers power devices that will work as the mission-critical backbone of entire industries and cities. We are thrilled to be collaborating with NXP to secure the future of digital transformation and ensure zero-trust from device to cloud. Our products offer companies a unique degree of protection against the most dangerous attack types, and significantly reduce the cost of security-related maintenance, and we are excited to see them used to promote innovation on a global scale."
Natali Tshuva, CEO and Co-Founder of Sternum
Sternum's universal IoT platform ushers in a new era in which whole fleets of connected devices may be fully secure and viewable at the edge in a simple, seamless, and self-contained manner. The patented technology is designed to detect the general fingerprints of different attack exploitations, including command injection and buffer overflow attacks, and neutralize them in real-time, preserving the device's runtime integrity against zero-day and one-day attacks. This method provides total protection against a wide range of CWEs (Common Weakness Enumeration) and promotes a proactive IoT security paradigm that eliminates the need to play catch-up with hackers through expensive reactive patching.
SecurityScorecard | August 10, 2022
SecurityScorecard, the global leader in cybersecurity ratings, today announced the integration of its Professional Services offering with its ratings platform to provide a single point of orchestration to manage cybersecurity risks. SecurityScorecard’s Professional Services team can help any customer manage cybersecurity risk in concert with the industry’s largest and most comprehensive global, cyber risk data set, setting the industry standard for how cyber risk is quantified, measured and reduced.
SecurityScorecard delivers strategic, proactive and acute-scenario services paired with its industry-leading ratings platform that together provide end-to-end cyber risk management from monitoring to remediation.
“CISOs are under pressure to protect their organizations, and are now accountable to the Board of Directors, but they lack a single-point of orchestration for cybersecurity workflow and to define success. “Our services and software platform provides CISOs with peace of mind that they have the broad visibility to take action quickly, hold their vendors accountable and communicate those actions promptly.”
Aleksandr Yampolskiy, co-founder and CEO, SecurityScorecard
SecurityScorecard’s Professional Services team utilizes the combined data and dynamic risk intelligence from the SecurityScorecard platform together with customized data derived from dark web mining to give each customer a holistic, full-spectrum view of their risk posture that is continuously assessed and triaged.
SecurityScorecard’s suite of Professional Services is supported by a team of 24/7 Digital Forensic Incident Response (DFIR) experts and include:
Cyber Risk Intelligence-as-a-Service provides organizations with tailored, actionable intelligence via SecurityScorecard’s threat intelligence team.
Third-Party Risk Management (TPRM) Program includes workshops and customized roadmaps to help organizations mature their programs.
Tabletop Exercises help test teams’ cyber readiness against a real-world cyber incident by practicing incident response scenarios.
Penetration Testing and Red Team Exercises engage covert teams of ethical hackers to identify weaknesses.
Digital Forensics & Incident Response (DFIR) support helps to collect, preserve and analyze digital evidence when responding to an incident, whether that be an insider threat situation or a nation state attack. SecurityScorecard’s team of experts regularly testify in court and collaborate with law enforcement. Incident Response support is also available 24/7 and onsite during a crisis, such as a ransomware incident, to help contain attacks, identify the threat actors and safely progress to the eradication phase.
SecurityScorecard’s Professional Services team also helps prevent churn across internal security and TPRM teams by giving them the expertise to maintain program integrity and business uptime, particularly for under-resourced teams, regardless of cyber or third-party risk maturity.
Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.