DATA SECURITY,SOFTWARE SECURITY,WEB SECURITY TOOLS
At-Bay, Inc. | September 17, 2022
At-Bay, the insurance provider for the digital age, and Guidewire today announced that At-Bay has chosen Guidewire’s cyber risk modeling and analytics product, Cyence, to further bolster its view, and management of, aggregation risk, within its growing cyber insurance portfolio.
“Cyber risk aggregation is an important area of risk that every insurer should be actively monitoring and managing within their cyber portfolio. Investing in the right data capabilities, tools, and mechanisms for monitoring and sizing aggregation risk exposure is critical to managing cyber insurance risk in today’s fast changing threat landscape,” said Roman Itskovich, At-Bay’s Chief Risk Officer and Co-Founder.
“With At-Bay’s steadfast focus on proactive risk management, Guidewire’s solution will help us to expand our data capabilities and toolkit for proactive risk management, so that we can continue to deliver great loss results,” Itskovich added.
By combining world-class technology with industry-leading insurance expertise, At-Bay aims to provide the clarity and confidence that businesses need to address digital risk head on. Founded in 2016, At-Bay protects tens of thousands of business customers from today’s ever growing cyber threat landscape. With its in-house data collection capabilities aimed at addressing attritional risk in the selection, pricing, and active risk management of its portfolio, At-Bay will now expand its focus to aggregated risk exposures.
“We selected Guidewire because it has a strong reputation for being one of the top cyber risk vendors, especially for transparency, in-house data collection, and market validation. “By applying Cyence’s advanced risk models and detailed aggregated risk scenarios to our own active risk monitoring capabilities and claims experience, we believe that we will be able to further enhance our underwriting and portfolio risk management decisions, and maintain a strong loss performance as our book grows.”
Yoshifumi Yamamoto, Director of Cyber Risk Modeling, At-Bay
Commenting on the news, Charles Clarke, Group Vice President, Analytics Sales & Advisory, Guidewire, said, “We admire At-Bay’s use of Cyence to expand its modeling capabilities to account for aggregated risk. We are pleased by their vote of confidence in our cyber capabilities and look forward to infusing data analytics to help At-Bay’s clients meet digital risk head-on.”
About At-Bay, Inc.
At-Bay is the insurance provider for the digital age. By combining world-class technology with industry-leading insurance expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. Approximately 520 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.
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.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
BeyondTrust | September 19, 2022
BeyondTrust, the leader in intelligent identity and access security, announced today a new strategic partnership with NCS Group, a leading technology services firm that provides services and solutions in consulting, digital, technology, cybersecurity and more. A strong player in identity security, NCS will be using the technology provided by BeyondTrust to offer companies best practice solutions in Privileged Access Management (PAM), a core component of enabling Zero Trust security.
Organisations today are evolving as a result of digital transformation, an accelerating shift to cloud, and an expanded remote workforce. However, these changes are also creating an increase in vulnerable endpoints and remote access, as well as a large number of digital identities that pose a significant cybersecurity risk if left unmanaged and unsecured. According to Gartner, unauthorised privileged access is now the primary method that threat attackers use to infiltrate an organisation's systems and network.
"From the rise of ransomware to an increased focus on digital transformation and Zero Trust strategies, it is a critical time for organisations to be equipped with solutions that can secure identities, safeguard access for remote employees, and strengthen endpoint security across hybrid environments. "Through this partnership, BeyondTrust and NCS will enable organisations in Asia Pacific with our Privileged Access Management (PAM) solutions to address these cybersecurity challenges."
Ben Wong, Director of Channel and Alliance for Asia Pacific & Japan at BeyondTrust
"When organisations think of access management, they may only think of traditional password management – and that should not be the case. There is an urgent need for organisations to implement more advanced endpoint security and access management solutions and many are still playing catch up in this area," said Mr. Wong. "This partnership with NCS enables us to provide tailored PAM solutions to customers across a wide range of industries from government to the commercial sectors. Combining the skills and experience of NCS with BeyondTrust's leading portfolio of PAM solutions will help their customers defend against the evolving threat landscape."
BeyondTrust is a leader in the 2022 Gartner Magic Quadrant for PAM for the fourth year running, with a comprehensive PAM portfolio that enables identity and access security that is monitored, managed, secured, and just-in-time, and includes these solutions::
Privileged Password Management
Secure Remote Access
Endpoint Privilege Management
Cloud Security Management
About NCS Group
NCS, a subsidiary of Singtel Group, is a leading technology services firm with presence in Asia Pacific and partners with governments and enterprises to advance communities through technology. Combining the experience and expertise of its 10,000-strong team across 55 specialisations, NCS provides differentiated and end-to-end technology services to clients with its NEXT capabilities in digital, cloud and platforms, as well as core offerings in application, infrastructure, engineering and cybersecurity. NCS also believes in building a strong partner ecosystem with leading technology players, research institutions and start-ups to support open innovation and co-creation. For more information, visit ncs.co.
BeyondTrust is the worldwide leader in intelligent identity and access security, empowering organisations to protect identities, stop threats, and deliver dynamic access to empower and secure a work-from-anywhere world. Our integrated products and platform offer the industry's most advanced privileged access management (PAM) solution, enabling organizations to quickly shrink their attack surface across traditional, cloud and hybrid environments.