SOFTWARE SECURITY
RangeForce | June 29, 2022
RangeForce, a provider of team cyber defense readiness at scale, announced that it has improved its platform for team threat exercises with new features that make it simpler for organizations to hasten the development of their security teams' skills through multi-user detection and response drills involving simulated attacks.
Through the use of RangeForce team threat exercises, security teams can set up the security stack to be defended, select an attack scenario, carry out the threat exercise, analyze the post-exercise data, and create a customized training program.
RangeForce threat exercises produce realistic digital artifacts of both signal and noise that demand teams to demonstrate their cyber preparedness. They use high-intensity, real-world assault scenarios that call security experts to work in teams to discover and neutralize cyber threats.
"RangeForce threat exercises are based on years of running hundreds of live cyber events and deliver the most realistic experience for teams using headline making attack scenarios and the same security tools they use every day. They provide participants the opportunity to acquire hands-on skills so they build the muscle memory to meet threat actors head on."
Ben Langrill, Senior Director of Product Engineering for RangeForce
RangeForce exercises take place in a cyber-environment that goes beyond the standard tabletop exercise, forcing participants to use well-known security tools like Splunk and Fortigate to identify and address threats. Instead, events follow the NIST cybersecurity architecture and combine threat intelligence, threat hunting, digital forensics, and system hardening expertise to reduce threats depending on current malware patterns.
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DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Cymulate | September 07, 2022
Cymulate, the market leader in Extended Security Posture Management (XSPM), today announced a $70 million Series D investment led by existing investors One Peak, together with Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital. Cymulate has raised $141M to date.
The latest investment, which is among the largest for continuous security testing vendors, doubles Cymulate's funding raised to date and accelerates the Company's global expansion and pace of innovation.
In a recent report on Continuous Threat Exposure Management (CTEM) GartnerⓇ analysts observed, "Previous approaches to managing the attack surface are no longer keeping up with digital velocity — in an age where organizations can't fix everything, nor can they be completely sure what vulnerability remediation can be safely postponed. CTEM is a pragmatic and effective systemic approach to continuously refine priorities, walking the tightrope between those two impossible extremes."* The global shortage of 2.72 million cybersecurity professionals, and overstretched in-house security resources further exacerbates the need for Cymulate's real-world solutions which closes security gaps quickly and efficiently, rationalizes technology, helps upskill staff and improves processes.
"We are thrilled to lead this round of investment in Cymulate," said David Klein, Managing Partner of One Peak. "Cyber posture management and continuous security validation have dramatically increased in popularity in response to the onslaught of ransomware and cyber warfare for businesses across all size ranges. Cymulate is the clear leader in the sector, and we look forward to continuing to support the Company in further accelerating its already strong growth trajectory."
Cymulate sets the industry standard for organizations to use automation to continuously validate their threat exposure and cyber posture, by testing their cloud and on-premise networks against the latest threats in the wild. The Company's Extended Security Posture Management platform leverages its native offensive security technology and capabilities to widely support customers' security and business needs. XSPM incorporates four fundamental pillars tied together with analytics to provide actionable security posture insights: Attack Surface Management, Continuous Automated Red Teaming, Breach & Attack Simulation, and Advanced Purple Teaming. Cymulate's customers see their cyber risk reduced by nearly 50% during the first three months of use. Running daily risk assessments, the cyber risk of Cymulate's customers continues to decrease in the first year without any security drift.
The Series D funding will be used to extend Cymulate's technological capabilities and further accelerate its global growth. The Company more than doubled its ARR in 2021 and grew more than 200% in North America alone. Cymulate has more than 500 customers globally, including Fortune 500 companies and strategic partners such as Optiv and Wipro. By the end of this year, Cymulate plans to further expand its staff by 75% to continue supporting its go-to-market efforts.
"In a market where every business must be prepared to fight advanced threats, I am proud of our team's ability to innovate and respond quickly to the constant turbulence of cybersecurity. "Our funding from existing investors is a further testament to their confidence in our company, direction, and continued vision. We look forward to reaching our next innovation milestones and expanding into new markets across the globe."
Eyal Wachsman, CEO and Co-Founder of Cymulate
Alongside their Series D funding, Cymulate also recently announced two C-level executive appointments to bolster the company's leadership, namely the appointment of Maria Mastakas as Chief Operating Officer and Carolyn Crandall as Chief Marketing Officer and Chief Security Advocate of Cymulate.
*Gartner, Implement a Continuous Threat Exposure Management (CTEM) Program, July 2022.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About Cymulate
Cymulate's SaaS-based Extended Security Posture Management (XSPM) provides security professionals with the ability to continuously challenge, validate and optimize their on-premises and cloud cyber-security posture with visualization end-to-end across the MITRE ATT&CK® framework. The platform provides automated, expert and threat intelligence led risk assessments that are simple to deploy and use for organizations of all cybersecurity maturity levels. It also provides an open framework to create and automate red and purple teaming by generating penetration scenarios and advanced attack campaigns tailored to their unique environments and security policies.
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PLATFORM SECURITY
Cerberus Sentinel | July 07, 2022
Cerberus Cyber Sentinel Corporation (NASDAQ: CISO), a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announced that it has completed the acquisition of CyberViking, a cybersecurity company based in Georgia and Oregon. Upon the closing of the transaction, CyberViking became a wholly owned subsidiary of Cerberus Sentinel.
CyberViking founder and cyber lead for the company is Carric Dooley. CyberViking specializes in application security services, incident response and threat hunting, and the creation and management of security operations centers. They have advised many Fortune 100 companies worldwide.
"With the addition of CyberViking, we take a next step in expanding our international reach as well as broadening our expertise for our cybersecurity healthcare and industrial controls systems customers. "Carric is an innovative thinker who is well respected by customers for solving and preparing for challenging cybersecurity threats. The team is the very embodiment of our commitment to a culture of security."
David Jemmett, founder and CEO, Cerberus Sentinel
"We are looking forward to helping shape a global strategy for incident response, as well as driving new capabilities in application security," said Dooley. "We believe in the development of the cybersecurity community and have actively participated as trainers and presenters at global conferences. Our two organizations share a vision in helping our customers rise above the cybersecurity challenges inherent in threats today and in the future, and to get them to a place where they can concentrate on growing their business."
About Cerberus Sentinel
Cerberus Sentinel is an industry leader in Managed Cybersecurity and Compliance (MCCP) services with its exclusive MCCP+ managed compliance and cybersecurity services plus culture program. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations.
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