Balbix | August 04, 2021
Balbix, provider of the world's leading platform for cybersecurity posture automation, announced today the launch of its Automated Cyber Risk Quantification (CRQ) solution. Balbix's new offering allows organizations to produce a single, comprehensive view of their cyber risk in dollars (or other currencies) so they can prioritize and fix security vulnerabilities faster and reduce breach risk by 95% or more. For example, to protect itself against ransomware attacks, an organization could use Balbix to identify the assets that would be most costly if held to ransom and quickly act to reduce these risks.
Automated cyber risk quantification
Calculating breach risk in monetary terms provides a common language that organizations - from security engineers and IT admins to the CISO, CFO and CIO - can use to prioritize projects and spending, and track the effectiveness of their overall cybersecurity program. However, most organizations have struggled with measuring cyber risk due to their reliance on complicated manual processes and dozens of isolated IT, security and business tools.
The Balbix Automated CRQ solution uses machine learning and automation to quantify both the likelihood and the impact of a potential breach, and remove complex and error-prone tasks. As a result, organizations can:
Build a unified cybersecurity asset management program
Prioritize enterprise vulnerabilities
Quantify cyber risk in monetary terms
Customize security analytics and board-level reporting
"Balbix is an industry-leading platform that consolidates cyber risks into a single reportable model," said Rhonda Gass, Chief Information Officer at Stanley Black & Decker. "This technology is enabling us to scorecard our risk remediation performance and gain continuous visibility into open security issues."
"The Infosec industry has struggled for a long time to quantify the security posture of their organizations in clear cyber risk terms denominated in Dollars (or Euros, Pounds, Yen, etc.),'' said Jon Oltsik, Senior Principal Analyst and Fellow at ESG. "As a result, the right decisions don't get made, leaving the enterprise vulnerable to attack and compromise. Balbix's innovative offering has the promise of changing this equation."
Seamless data collection
Balbix also released new streaming and snapshot connectors. Streaming connectors are agentless and connect via API to the data source and pull in data on a specified schedule and thus are easy to deploy and manage. Snapshot connectors are used to ingest data using .csv or other formats. Organizations can use these connectors to ingest data from dozens of data sources including vulnerability assessment tools, CMDB, EDR, firewalls, SIEM, MDM systems, AppSec systems, OT/IoT management systems, Active Directory, DNS/DHCP and cloud infrastructure APIs. Moreover, the connectors are highly scalable. For example, Balbix typically ingests several 100s of terabytes per day from customers with environments containing 250,000 assets.
"We are very pleased to introduce our new cyber risk quantification offering," said Gaurav Banga, Founder and CEO of Balbix. "Cybersecurity tools generate mountains of data. Traditionally, infosec teams have had to sift through massive vulnerability scans, attack simulation reports and app vulnerability results to prioritize issues that should be addressed first. Then they had to explain their actions to non-cyber stakeholders in business risk terms. This has been an impossible job. The new Balbix Automated CRQ solution makes easy work of this task by automating much of the workflow."
Balbix provides the world's leading platform for cybersecurity posture automation. Using Balbix, organizations can discover, prioritize and mitigate unseen risks and vulnerabilities at high velocity. With seamless data collection and petabyte-scale analysis capabilities, Balbix is deployed and operational within hours, and helps to decrease breach risk immediately. Balbix counts many global 1000 companies among its rapidly growing customer base and was named a "Cool Vendor" by Gartner in 2018.
AIONCLOUD | July 14, 2020
It's not uncommon to hear about huge companies having security breaches losing not only valuable personal information of their customers but also damaging them financially. This might lead one to think that cyberattacks are geared towards big fortune 500 companies but that's simply not true. Almost half of the cyberattacks are aimed at small businesses and only about 10% are equipped to defend against them.The consequences of these attacks are devastating. A cyberattack incident costs an average of $200,000 in damages. This figure does not just apply to a big enterprise but businesses of all sizes. More than half of the businesses that have been attacked close their business within six months after a security incident."With COVID-19 and changes in the work environment created a lot of gap in cybersecurity and cyber attackers are exploiting this opportunity," says Kyle Lee, the CEO of the cybersecurity company, AIONCLOUD. "Oftentimes, small businesses can't afford to have a security expert on their team."People are well aware that a cybersecurity incident can bring a devastating blow to their company but some are hesitant due to the cost of cybersecurity. This is not an uncommon worry amongst business owners and this used to be a correct sentiment but not anymore. Traditional web firewalls would only cost a fortune to install but it would require an expert to configure and monitor the security equipment once installed, causing a recurring cost to the business.
prnewswire | November 05, 2020
Cowbell Cyber, the business' first AI-controlled digital protection supplier for little to moderate sized organizations (SMBs), today declared it has cooperated with Mylo – the advanced specialist dispatched by the world's biggest free merchant, Lockton – to empower expanded dispersion of Cowbell's independent digital protection to the private company market, a territory customarily underserved by digital protection.
Organizations of all sizes are getting more dependent on an advanced climate given the present far off setting, regularly leaving them presented to expanded online protection weaknesses including information penetrates, ransomware assaults, digital wrongdoing, and then some. Along these lines, the interest in digital inclusion has definitely expanded as organizations acknowledge digital protection is currently a need, not an extravagance.
Mylo chose Cowbell Cyber in light of the fact that Cowbell Prime – Cowbell's independent, conceded digital protection programs – addresses the difficulties looked by private companies while considering protection including:
Lucidity of the arrangement terms: entrepreneurs can now quickly comprehend the insurance they will get
Importance: Quote and strategies are adjustable in a couple of snaps for higher significance for the policyholder
Conceded program: Ensures that everything has been altogether verified by state level offices
Prevalent danger the board apparatuses: Free danger appraisal and moderation devices increase the value of private venture on the very first moment of the strategy
"We are excited to partner with Mylo to deliver on the promise of customized cyber coverage and easy-to-use risk management tools for their expanding client base," said Dan Law, Head of National Accounts at Cowbell Cyber. "Partnering with Mylo will allow us to better distribute cyber insurance to the currently underserved markets, ultimately helping customers with their cyber resilience."
"As an advocate for small business owners, we care about helping them prepare for a cyberattack that could threaten everything they've worked so hard to build," said Mylo COO, Belen Tokarski. "Mylo and Cowbell Cyber are a great fit because we both focus on using technology to give businesses the protection they need to anticipate and recover from serious risks."
The association carries critical efficiencies to Mylo's operators including:
Speed: Cowbell Prime empowers operators to set up different, tweaked cites in a couple of snaps
Usability and straightforwardness: Selling of digital protection is rearranged with inclusions that are introduced to policyholders in a straightforward way, alongside Cowbell Factors to recognize hazard deviation from the business normal
No coupling delays: Every statement gave by Cowbell Prime can be momentarily bound
About Cowbell Cyber
Cowbell Cyber is dedicated to providing standalone, admitted, individualized and easy-to-understand cyber insurance for small and mid-size businesses. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 34 U.S. states and provides SMBs with admitted cyber insurance on AM Best "A" rated paper with up to $15 Million in coverage.
Mylo is a digital one-stop-shop that makes it easy for businesses and individuals to compare and purchase top-rated insurance products from multiple carriers, including business, small group benefits, home, auto, life and individual health. Launched in 2015 by Lockton, the world's largest privately held independent insurance broker, Mylo offers expert insurance recommendations online or on the phone with licensed agents. Mylo can be easily integrated into a partner's customer experience, providing a proven boost in customer engagement.