Arceo.ai Adds CJ Pruzinsky to Its Team of Cyber Insurance Experts, Strengthens Cyber Security Risk Capabilities

Arceo.ai | July 17, 2020

Arceo.ai, a cyber risk analytics company that empowers enterprises to better identify, respond to, and recover from cyber risks, continues to grow its team of senior cyber insurance experts to enhance the services and solutions it delivers to the cyber insurance industry. Charles J. "CJ" Pruzinsky, an experienced cyber underwriting executive, has joined Arceo as Executive Vice President and Chief Underwriting Officer for its U.S. operations. Before joining Arceo, Pruzinsky was responsible for managing the Northeastern operations at Beazley Group, based in New York. Prior to Beazley, he held senior underwriting positions at American International Group, where his responsibilities included building out AIG's Midwestern U.S. regional capabilities.

Spotlight

Phishing is the most highly effective cybercrime according to most all data analysis.  While Phishing has been around for years, there are more advanced technologies and tools in the hands of Cyber Criminals, and the overall impact and costs related to Phishing are becoming an epidemic. With that said, some industries represent a more attractive target for criminals. Toward the top of that list, we find the Financial Services Industry. Banks, Insurance Companies, online payments services, and other financial services sectors have been impacted by phishing in the past few years.

Spotlight

Phishing is the most highly effective cybercrime according to most all data analysis.  While Phishing has been around for years, there are more advanced technologies and tools in the hands of Cyber Criminals, and the overall impact and costs related to Phishing are becoming an epidemic. With that said, some industries represent a more attractive target for criminals. Toward the top of that list, we find the Financial Services Industry. Banks, Insurance Companies, online payments services, and other financial services sectors have been impacted by phishing in the past few years.

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DATA SECURITY

PAGO Selects Open XDR Security Platform of Stellar Cyber to Unify Standalone Tools and Speed up Detection and Response

PAGO | February 08, 2022

PAGO, a South Korean MDR provider and value-added reseller, has embraced Stellar Cyber's Open XDR Platform to expand PAGO's security-as-a-service program for organizations across the country. Stellar Cyber is the leading security operations platform for MSSPs and the creator of Open XDR. PAGO has thoroughly integrated stand-alone EDR, SIEM, UEBA, NTA, AD Security, TI Interworking, Cloud Security, and Sandbox products for its MDR service but found it nearly hard to correlate inputs from various tools to acquire a holistic view of its clients ' total security manually. PAGO is now automatically analyzing and connecting data from multiple devices to enable faster intrusion responses for its clients, thanks to the Stellar Cyber Open XDR Platform. “We needed an MDR service system that processed multiple tools’ threat data with an integrated, AI-powered, Big Data system,” said Paul Kwon, CEO at PAGO. “The Stellar Cyber Open XDR platform is the first we’ve seen that unifies and correlates data from our various security tools and responds automatically to significantly improve our customers’ security while enabling us to manage our in-house resources better.” The Open XDR Platform from Stellar Cyber combines data from all existing security tools (as well as data from its sensors), analyses it for anomalies, displays and prioritizes contextual security incidents in an intuitive dashboard, and responds automatically through those tools to provide near-real-time protection. As a result, MDR security specialists like PAGO can use Stellar Cyber's platform to monitor customers' comprehensive security profiles and take swift action when risks are detected from a single console. “MDRs and MSSPs love our platform because it allows them to leverage investments in existing security tools and deliver high-margin detection and response services without scaling analyst staffs,” “We built AI and Big Data into our platform from the beginning to enable this scalability through automation.” Brian Stoner, VP of the MSSP business unit at Stellar Cyber

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DATA SECURITY

BitSight and Glass Lewis Partner to Expand Investor Understanding of Cybersecurity

BitSight | September 28, 2021

BitSight, the standard in security ratings, and Glass Lewis, the leading provider of independent global governance solutions, today announced a strategic partnership to include critical cybersecurity information – comprised of BitSight Security Ratings, data, and insights – with Glass Lewis' Proxy Paper research reports. Information on 20,000+ companies will be included in an effort to help investors better understand how cybersecurity issues may affect their investments. Investor concerns around environmental, social, and governance issues continue to rise, leading to closer examinations of management and board effectiveness in addressing these challenges. Failure to adequately manage cyber risk can materially impact a company's revenue and financial performance. BitSight's Security Ratings and data will supply Glass Lewis clients with data-driven, evidence-based cybersecurity intelligence, which, in turn, will provide new visibility into a dimension of company performance and governance. Investors are mostly in the dark when it comes to the cybersecurity of their investments.Providing Glass Lewis clients with BitSight ratings and data alongside its proxy research reports will deliver the insights necessary to have an enhanced understanding of the efficacy of a company's oversight of cybersecurity risks and outcomes. It's a new era in informing investors about cyber risks. Steve Harvey, BitSight's chief executive officer. "The BitSight Security Rating and insights will allow our clients to identify cyber risk exposure, potentially minimizing both reputational risk and long-term financial losses," said Dan Concannon, Glass Lewis Chief Commercial Officer. "We are excited to include the industry's most respected and widely leveraged Security Rating in our Proxy Paper research reports allowing our clients to address this rapidly expanding risk." The landscape of governance, especially as it pertains to cyber controls, is changing rapidly and institutions from the United Nations to the Securities and Exchange Commission (SEC) are increasingly focused on market transparency for global investors. Beginning in 2011 with its landmark cybersecurity guidance, the SEC has signaled that cybersecurity is a material business risk requiring consistent, adequate disclosure. The SEC created a cyber enforcement unit in 2017, updated guidance in 2018, and recently levied a series of fines at companies over inadequate disclosures of cybersecurity issues. Over 1,300 clients, including most of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets, use Glass Lewis' research and technology solutions to inform and facilitate their corporate governance activities. About BitSight BitSight is transforming the way that the global marketplace addresses cyber risk with cybersecurity ratings and analytics. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and improve national security. With 2,300 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. About Glass Lewis: Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform.

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SOFTWARE SECURITY

Talon Launches First Corporate Secure Browser for the Hybrid Work Era Backed by Renowned Cyber Security Industry Leaders

Talon | October 08, 2021

Talon Cyber Security, the leader in browser-based security solutions for the distributed workforce, launched TalonWork, a first-of-its-kind browser-based endpoint solution created to address the unique threats imposed by the hybrid workforce and designed with employee experience in mind. Talon also announced investment from top cyber security global leaders: George Kurtz, CEO of CrowdStrike, John Thompson, until recently Microsoft's Chairman of the Board and former CEO of Symantec, and Mark Anderson, CEO of Alteryx and previously the President of Palo Alto Networks. "Today's work from anywhere world demands a flexible and secure working environment, and as a result, modern security must be frictionless by design," said George Kurtz, co-founder and CEO of CrowdStrike. "Talon's browser-based security solution takes a fresh approach, putting the user experience front and center while extending the security of the enterprise." Talon is working with some of the largest employers in the US to protect their evolving global hybrid workforce via its unique patent-pending technology. Talon's corporate browser can be deployed across the organization in less than an hour, empowering security leaders to make the browser their first line of defense with minimum complexity, cost and without additional hardware. With hassle-free operation, Talon allows organizations to better secure and control access to sensitive data and resources, accelerates onboarding in multiple work scenarios and enables rapid and efficient endpoint disaster recovery. "With the shift towards a hybrid workforce, more known and unknown devices are accessing the organization's most sensitive data on premise and in the cloud. Therefore, we must ensure frictionless and secure access to the data, no matter the device or the employee location. Talon provides exactly that," explained John Thompson, recent former Microsoft Chairman. "It is equally important that the next generation of cyber solutions are designed for ease of use, and optimized for a remote work environment," explained Mark Anderson, former President of Palo Alto Networks. "In this regard, Talon's solution is spot on." The workforce revolution and increasing reliance on SaaS services, accelerated by the pandemic, made the browser a main gateway to the organization. The browser is also the most vulnerable application according to CVE; and the industry has witnessed info-stealers extracting credentials stored in browsers, malicious extensions stealing corporate data and browser zero-days exploited in the wild. Earlier this month, Google issued a critical fix for 2 billion Chrome users, Chrome's 11th 'zero day' exploit reported this year. On top of it all, malicious downloads and phishing attacks, which are the means for ransomware, are most likely to occur in the browser, where the user is more susceptible to these attacks. Talon's multi-layered approach provides enterprise-grade security regardless of the endpoint: resilience against malware on the device, browser hardening against zero-day exploits and data leakage prevention mechanisms integrated in the browser. With Talon, security leaders gain full context-aware visibility into all work-related activity in the browser, gaining better control and governance across sanctioned and unsanctioned SaaS services as well as internal web applications. To enable this instant shift to distributed workforce, many organizations were forced to quickly patch security gaps using their current IT stack. Talon offers a new and first to market approach and a strategic alternative that is practical and more sustainable,We are honored to have the leaders who shaped the face of cybersecurity on board with us, sharing our vision and mission. Ofer Ben Noon, Talon's Co-founder and CEO About Talon Cyber Security Talon Cyber Security is the pioneer in cyber security solutions for the hybrid workforce. Talon's browser-centric security approach is redefining enterprise cyber security by making the browser the organization's first-line of defense and leveraging it to enable and secure the distributed workforce. Deployed in less than one-hour, Talon provides security leaders with unprecedented visibility into all employee corporate activity across locations, devices and SaaS services. Talon's technology is built with employee-experience and privacy in mind, providing a native and frictionless experience, on top of superior enterprise-grade security. Talon's founders include proven entrepreneurs and former leaders of Unit 8200, Israel's elite military technology and intelligence unit.

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