ENTERPRISE SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Prnewswire | April 21, 2023
Bitsight, a leader in managing and monitoring cyber risk, today unveiled its expansion into a broader category of integrated cyber risk management. As the category creator and global leader in the cybersecurity ratings industry, Bitsight's enhanced strategy will deliver new capabilities to empower security professionals and business leaders to more effectively and holistically manage cyber risk. The announcement includes large-scale distribution of risk data and insights through Moody's/BVD's Orbis, a new Third-Party Vulnerability Detection & Response solution, and more predictive cyber risk ratings that help mitigate cyber risk and make CISOs and risk professionals' jobs easier.
Bitsight's integrated solutions address the needs of CISOs and risk leaders, whose roles have become more challenging in recent years with digital transformation, supply chain risk, and expanded attack surfaces. "As the cyber threat landscape worsens and the global regulatory landscape demands more nimble and thorough risk management, Bitsight has evolved to stay ahead of our customers' needs. Business leaders, risk leaders and boards are turning to us as an integrated solution to manage risk and build trust across their ecosystem," said Bitsight CEO Steve Harvey.
Furthermore, comprehensive cyber risk management is also essential to good corporate governance, reaffirmed by the recently released White House national cyber strategy, pending SEC regulations on cybersecurity disclosure, and cybersecurity requirements emerging throughout Europe and Asia. Harvey noted, "Our strategic shift to become an integrated cyber risk management leader means we're able to provide customers and governments with the industry's most impactful data, services and tools to confidently navigate the uncertain cyber landscape."
Accelerated Partnership with Moody's Corporation
Newly-added integrations with Moody's will deliver expanded insights for enterprises and assist with holistic cyber risk management. In October 2021, Moody's Corporation invested $250 million in Bitsight, and the two companies announced a landmark partnership agreement. Through this partnership, Bitsight became the primary cyber risk analytics provider across Moody's suite of integrated risk assessment offerings.
Bitsight data is now accessible by nearly 2,000 global credit analysts within Moody's Investors Service. These analysts are leveraging Bitsight to better understand the relative cyber risk of issuers, engage issuers on cybersecurity risk, and publish research on the intersection of cyber risk and credit risk. Additionally, Bitsight ratings data is now also integrated within Moody's Analytics' BVD Orbis platform, enabling non-technical risk managers to easily consider cyber risk factors in counterparty risk analysis.
"The rise of cyberattacks and ransomware has created an imperative for business leaders and boards to assess and quantify their cyber risk," said Moody's Analytics President Stephen Tulenko. "Bitsight is our trusted partner in helping leaders to better understand, measure, and navigate the cyber risk landscape with confidence."
Through these integrations, Bitsight and Moody's insights may be used together in powerful combinations for applications such as Know-Your-Customer, supply chain management, insurance underwriting, and credit risk assessment.
New Third-Party Vulnerability Detection & Response Application
To further its cyber risk management capabilities, Bitsight has enhanced its Third-Party Vulnerability Detection tool to include a Response workflow. Zero-day attacks and other vulnerabilities are increasingly common, and most companies are struggling to properly manage third-party exposure to critical vulnerabilities quickly, effectively, and at scale. With Vulnerability Detection & Response, cybersecurity teams can now access the most important vulnerability data and effectively prioritize vendor outreach with built-in questionnaires while tracking vendor response progress in real time. This release is another innovative application showcasing Bitsight's continued commitment to helping customers better monitor, manage, and mitigate vulnerabilities across their third-party ecosystems.
More Predictive Cyber Risk Ratings – Bitsight's Ratings Algorithm Update
Bitsight has launched a new ratings algorithm, with several key enhancements, most notably modifying the weights of several risk vectors based on independent research and insight into how those risk vectors correlate to real life cyber events. As a part of delivering an integrated cyber risk management solution, Bitsight remains committed to investing in and producing actionable cybersecurity ratings that have the strongest correlation in the industry to the likelihood of a cyber incident. "Cybersecurity ratings remain a critical tool in cybersecurity and risk leaders' arsenals, while the pressures and demands to address cyber risk have significantly expanded," said Harvey.
As attacks on organizations intensify and business leaders demand greater strategic support to address risk, Bitsight's mission to build trust in the digital economy has extended well beyond cyber risk ratings. "Risk leaders globally spend every day working against a relentless and growing problem of cyber risk uncertainty," said Harvey. "And as waves of digital transformation continue to disrupt cybersecurity stability, we are committed to supporting our current and future customers with a broad and unified cyber risk management solution that helps them navigate with greater confidence."
Supporting Resources
Learn more about our partnership with Moody's Corporation here
Learn more about Third-Party Vulnerability Detection & Response her
Learn more about the Rating Algorithm Update here
About Bitsight
Bitsight is a global cyber risk management leader transforming how organizations manage exposure, performance, and risk for themselves and their third parties. Companies rely on Bitsight to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss. Built on over a decade of market-leading innovation, its integrated solutions deliver value across enterprise security performance, digital supply chains, cyber insurance, and data analysis.
Read More
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Globenewswire | May 04, 2023
Axonius, the leader in cybersecurity asset management, today announced the successful completion of the Australian Information Security Registered Assessors Program (IRAP) assessment, giving the Australian public sector confidence in the security of the Axonius Cybersecurity Asset Management solution.
The Australian government recently made changes to the Securing of Critical Infrastructure Act. One of the core focus areas for the Act is Risk Analysis, which is impossible without comprehensive asset visibility. By aggregating and correlating data from all deployed IT tools, Axonius provides a holistic view of each unique asset, and the ability to more accurately assess the Risk associated with that asset.
The Information Security Registered Assessors Program (IRAP) enables Australian government customers to validate that appropriate controls are in place and determine the appropriate responsibility model for addressing the requirements of the Australian government Information Security Manual (ISM) produced by the Australian Cyber Security Centre (ACSC).
“Axonius continually monitors both hardware and software assets, giving government agencies the asset visibility and intelligence they need to accelerate their security programs,” said Vern Fernhout, Country Manager, Australia for Axonius. “With the IRAP assessment complete, Australian government agencies can now confidently adopt Axonius to discover security gaps and enforce security policies – two critical components of complying with new and existing government security requirements.”
Axonius already works with several Australian government agencies on both the state and federal level, and completing the IRAP assessment will accelerate its ability to serve additional customers in the space. In addition to IRAP, Axonius has also been certified by the National Information Assurance Partnership (NIAP)having passed Common Criteria validation in the United States, further emphasising its commitment to the public sector. The completion of both assessments enables Axonius to help government agencies improve their cybersecurity posture and gain more visibility into their IT and security environments.
To learn more about Axonius, visit the website or request a demo.
About Axonius
Axonius gives customers the confidence to control complexity by mitigating threats, navigating risk, automating response actions, and informing business-level strategy. With solutions for both cyber asset attack surface management (CAASM) and SaaS management, Axonius is deployed in minutes and integrates with hundreds of data sources to provide a comprehensive asset inventory, uncover gaps, and automatically validate and enforce policies. Cited as one of the fastest-growing cybersecurity startups, with accolades from CNBC, Forbes, and Fortune, Axonius covers millions of assets, including devices and cloud assets, user accounts, and SaaS applications, for customers around the world. For more, visit Axonius.com.
Read More
DATA SECURITY, SOFTWARE SECURITY, WEB SECURITY TOOLS
Businesswire | April 18, 2023
Imperva, Inc., (@Imperva) the cybersecurity leader that protects critical applications, APIs, and data, anywhere at scale, and Fortanix, Inc. (@Fortanix), the Data Security company powered by Confidential Computing, announce that they have signed a partnership agreement, and have each joined the other’s strategic partner program.
This partnership brings together two of the most innovative and trusted cybersecurity companies focused on multicloud data protection. The joint offerings from Imperva and Fortanix will provide the ability to manage the entire data security workflow for customers ensuring data privacy and compliance.
Imperva now offers Fortanix Data Security Manager (DSM), a highly scalable data security platform that delivers unified cryptographic and privacy services such as encryption, tokenization, dynamic data masking (DDM), secrets management, and enterprise key management. The solution works across multiple cloud service providers (CSPs) and provides an “easy button” to secure over 100 services. Fortanix DSM is simple to deploy and is offered in two editions — on-premises and a cloud-based SaaS solution — providing data security controls with both backed by FIPS 140-2 Level 3 certification.
"We’re thrilled to partner with Imperva and take a best-in-class solution to the market together,” says Anand Kashyap, CEO of Fortanix. “With Imperva’s data discovery and classification capabilities and the Fortanix Data Security Manager SaaS and multicloud offering, customers have an end-to-end solution for securing workloads across the entire Data Lifecycle. This solution will help customers accelerate their data journey to the cloud while meeting the highest level of compliance.”
Imperva Data Security Fabric (DSF) is a robust and scalable hybrid, multicloud platform for data discovery and classification, activity monitoring, access controls, security analytics, threat detection, and compliance reporting. Imperva DSF provides protection for unstructured, semi-, and structured data — both on-premises and in the cloud.
Organizations continue to seek the most efficient and effective data security solutions to address multiple use cases such as sensitive data protection, insider threat detection, and data risk management. They must also meet compliance and privacy requirements while operating diverse ecosystems at scale and consolidating legacy tools, all without impacting the speed and agility of the application development team to achieve the highest level of ROI.
With the combined strength of Imperva DSF and Fortanix DSM, this data security partnership will benefit organizations that find their traditional controls are no longer sufficient as they move data workloads and applications to the cloud. These data security solutions address data security and privacy regulations such as GDPR, CCPA, PCI DSS, and HIPAA by employing methods to help protect and control data confidentiality, data integrity, and data access across the hybrid multicloud environment.
“With the unprecedented explosion of data over recent decades and every day, unknown sensitive data might be anywhere — potentially exposed, and unsecured. But with this new partnership between Imperva and Fortanix, companies can now discover, classify, and secure their data using encryption and tokenization wherever it resides,” says Dan Neault, SVP and GM of Data Security at Imperva. “Using the intelligence and flexibility of Imperva DSF combined with the power of the Fortanix DSM, finding sensitive data and taking the right steps to secure it is now easier than ever.”
Additionally, Imperva is now able to provide customers with Fortanix DSM via the Imperva End-User License Agreement (EULA) providing streamlined procurement via a single vendor for sales, implementation, training, support, and services.
Building a complete cybersecurity technology ecosystem dedicated to data security and compliance
The Imperva Technology Alliance Program (TAP) enables technology companies, security vendors, and cloud service providers to co-market, sell, and integrate their products and platforms with the award-winning Imperva cybersecurity portfolio to create solutions that deliver added value for customers and generate revenue growth for TAP partners.
Imperva DSF continues to deliver more value to customers through these alliances. Additionally, Fortanix also supports the Imperva Web Application Firewall (WAF) by being able to store WAF encryption keys.
Meet with us at RSA Conference
Join Imperva and Fortanix at RSA Conference 2023 on April 24-27 in San Francisco, CA. Imperva will be exhibiting at booth #5180, North Hall, and Fortanix will be exhibiting at booth #449, South Hall. There will be representatives from both companies at both booths throughout the conference including;
Terry Ray, SVP, Data Security GTM and Field CTO at Imperva, will be speaking at the Fortanix booth at 3:00 pm on Tuesday, April 25: “Why organizations need monitoring AND encryption for data security, not monitoring OR encryption.”
Sumanth Kakaraparthi, VP of Data Security Product Management at Imperva, will be speaking at the Fortanix booth at 3:00 pm on Wednesday, April 26: “You can’t protect your sensitive data unless you know where it is and what it is.”
Additional Information
Learn more about the Imperva Data Security Fabric (DSF)
Learn more about the Fortanix Data Security Manager (DSM)
Learn about Imperva joining the Fortanix Partner program here
Learn about Fortanix joining the Imperva Technology Alliance Partner program here
Check out the Imperva Blog for the latest products and solutions news and threat intelligence from Imperva Research Labs
About Imperva
Imperva is the cybersecurity leader that helps organizations protect critical applications, APIs, and data, anywhere, at scale, and with the highest ROI. With an integrated approach combining edge, application security, and data security, Imperva protects companies through all stages of their digital journey. Imperva Research Labs and our global intelligence community enable Imperva to stay ahead of the threat landscape and seamlessly integrate the latest security, privacy, and compliance expertise into our solutions.
About Fortanix
Fortanix secures data, wherever it is. The company’s data-first approach to security powered by Confidential Computing complements traditional infrastructure-centric solutions and allows businesses of all sizes to modernize their data security posture on-premises, in the cloud, or everywhere in between. Rated highly by customers, and with 100-plus tech integrations, the company’s award-winning flagship Data Security Manager (DSM) platform delivers a unified approach to the data security and privacy lifecycle while reducing risk and increasing compliance. Fortanix customers include global banks and financial services institutions, technology companies, retailers, government agencies, healthcare institutions as well as cloud service providers.
Read More