Coro | July 28, 2022
Coro, the all-in-one cyber security platform for mid-market organizations, growing businesses, and lean IT teams, today announced the launch of its unique Incubiz program. This program is designed to help entrepreneurs build and grow a successful business in one of the hottest markets today - cyber security - with zero risk, upfront costs, or experience needed.
Incubiz will debut in Chicago, Illinois, the location of Coro’s newest U.S. office. Small businesses account for 99.6% of Illinois' private enterprise, making them a vital part of the state's economy. Additionally, Illinois is the 7th largest tech employer in the country, employing over 318 thousand people. According to Zoominfo, Chicago and the surrounding suburbs are home to about 219,000 small to mid sized businesses and more than 4,000 mid-market companies. It is also one of the hottest startup markets in the U.S. With more than six thousand technology companies and 378 startups founded in the city in the past five years, these companies are all vying for cybersecurity help, making Chicago the perfect hub for the next step in Coro’s growth.
Driven by a robust talent pipeline, the state of Illinois is on the way to achieving Tier-1 tech hub status. In 2021, it had the fourth largest increase in technology job postings, and only three states added more tech jobs than Illinois over the past decade. But with the state’s employment opportunities shifting away from manufacturing and toward service- and knowledge-based work, many medium-wage jobs have been eliminated and many workers do not have the skills or education to attain higher-wage employment. A recent Illinois Future of Work report found that there is a need to create “stronger on-ramps for high wage jobs” in the state, citing that not having a bachelor’s degree is holding many back from being considered for higher-earning positions. This is further polarizing the job market, given that only 35.5% of Illinois adults have a bachelor’s degree.
In support of the state’s drive to make higher-earning jobs available for more workers, to build off Chicago’s tech momentum, and to close the cyber security skills gap our nation is facing, Coro has created an innovative, one-of-a-kind program to provide job opportunities in one of the hottest markets today, without any prior cyber security experience or college education.
The Incubiz program is open to entrepreneurs looking to start a cyber security business, buy into a franchise, or start a managed service provider/managed security service provider (MSP/MSSP) that provides outsourced security monitoring and management. Incubiz provides the potential for employees to achieve higher earnings without the prerequisite of many similar job openings. Individuals accepted into Coro’s 18-month Incubiz program will be provided with the training, support, and infrastructure needed to build a valuable skill set and ultimately launch their own cyber security business. Not only are there no costs to participants, they will be paid a competitive salary as a Coro Authorized Security Consultant. Upon completion of the program, participants will be able to operate independently, but with access to continued support and residual income from any customers brought in during the incubation period.
“Coro’s mission is to continually innovate and develop the best cyber security tools possible. We’re excited to offer our expertise and resources to help the next generation of cyber entrepreneurs through our new Incubiz program. “The Illinois job market is at a crossroad, and this program is a great opportunity for workers to attain a higher-paying job without needing a predefined skillset or degree. Chicago is the perfect market to launch IncuBiz, and we are eager to add to the city’s flourishing tech scene and offer more equitable employment opportunities within the state.”
Jim Tarantino, Chief Revenue Officer at Coro
Coro developed its powerful cyber security platform to address the noticeable cyber security gaps in the mid-market and SMB segments, making enterprise-grade security accessible to any business at a fraction of the cost of other solutions. Coro is one of the fastest growing cyber security companies today and has seen significant momentum with 300% year-over-year growth for each of the past three years and into 2022. Earlier this year, Coro announced $80M in funding and a rapid expansion in the Chicago market.
Coro is one of the fastest growing security solutions for the mid-market, providing all-in-one protection that empowers organizations to defend against malware, ransomware, phishing, and bots across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for holistic security protection, unrivaled ease of use, and unmatched affordability. Built on the principle of non-disruptive security, the Coro platform employs innovative AI technology to identify and remediate the many security threats that today's distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. Investors in Coro include Balderton Capital, JVP, MizMaa Ventures, and Ashton Kutcher’s Sound Ventures.
SECURITY AUDIT AND COMPLIANCE
Balbix | August 09, 2022
Balbix, the leader in cybersecurity posture automation, announced today new integrations with ServiceNow (NYSE: NOW), the leading digital workflow company. As a result of the integrations, customers can automatically augment cyber risk data with business context and integrate remediation efforts with their existing security and IT workflows. CISOs can eliminate thousands of hours from the time required to operationalize cyber risk quantification (CRQ) in dollars and close the gap between cybersecurity and the business.
The integration with ServiceNow's configuration management database (CMDB) allows Balbix customers to automatically ingest business context from their CMBD into the Balbix platform and combine it with asset, vulnerability and risk data from their other IT and security tools, and Balbix sensors to create a unified cyber risk model presented in dollars. Data is automatically deduplicated, correlated and inferenced to drastically reduce the manual labor required for teams to add business context to cyber risks, and prioritize and measure them. For example, with the integration businesses can now:
Measure and report on the dollar amount of risk by business unit, business leader, asset type, application, regulatory requirement and geographic location (cities, countries, regions).
Quantify the dollar amount of risk related to externally facing assets, internal assets, assets that the IT department manages, and assets not managed by the IT department.
"Historically, Fortune 500 companies would spend thousands of hours of manual labor mapping business context to their risk data for board reporting, risk analysis and cybersecurity decision making, Our integration with the ServiceNow CMDB, has enabled us to sharply reduce the time needed to quantify cyber risk. With Balbix, CISOs can continuously and automatically map risk to their business hierarchy and prioritize their highest-risk issues for response."
Chris Griffith, chief product officer at Balbix.
Businesses are struggling to report concrete CRQ results with 62% indicating they cannot calculate their breach risk in monetary terms, according to Balbix's own 2022 State of Security Posture Report. Furthermore, according to the report, 51% of organizations indicated they lack continuous visibility into asset inventories making it difficult to correlate risk with business context, and instead relying on siloed tools, manual workflows, and qualitative analysis to quantify the exposure.
"Cyber risk has become a frustrating business risk to manage as leadership teams struggle to accurately quantify their risk and prioritize initiatives to mitigate it, These integrations address the growing needs CISOs have to report on cyber risk in a way that their business leaders can clearly understand, to make the right investments and to remediate their riskiest vulnerabilities faster."
Ed Amoroso, Founder and CEO of research and advisory firm TAG Cyber.
In addition to automating advanced CRQ capabilities, the integration with ServiceNow IT Service Management (ITSM) further eliminates manual effort by enabling security teams to create ServiceNow remediation tickets from within Balbix. This enables security and IT teams to increase productivity by using a familiar and shared system for remediation workflow. Moreover, security analysts can create tickets to remediate a vulnerability for a single impacted asset or for a group of assets to specify remediation tasks more efficiently and reduce the mean time to remediate (MTTR) risk issues.
Balbix enables organizations to reduce cyber risk by identifying and mitigating their riskiest cybersecurity issues faster. The Balbix Security Cloud™ platform ingests data from organizations' security and IT tools to understand every aspect of their cybersecurity posture, build a unified cyber risk model and then provide actionable insights for risk reduction. With Balbix, enterprises can automate inventory of their cloud and on-premise assets, conduct continuous risk-based vulnerability management and quantify cyber risk in dollars. Executives and operational teams can make cybersecurity decisions based on data not opinions.
A rapidly growing set of Fortune 500 companies trust Balbix as the "brain" of their infosec programs and are realizing the benefits of maximally automated workflows and measurably lower cyber risk. Balbix was ranked #32 on the 2021 Deloitte Fast 500 North America, and has been recognized for innovation by Gartner.
iboss, Inc. | July 29, 2022
iboss, the leading Zero Trust Edge cloud security provider, announces that it has obtained Federal Risk and Authorization Management Program (FedRAMP) Authorization. The achievement is reflective of the company’s commitment to work alongside federal agencies to protect government entities and civilians from growing and increasingly sophisticated cyberthreats.
Earlier this year, the United States Office of Management and Budget unveiled a strategy designed to prevent damaging hacks and breaches by moving federal agencies toward a zero trust cybersecurity approach. The announcement followed a 2021 Biden Administration executive order aimed at protecting federal networks by modernizing government cybersecurity, including through the implementation of zero trust security
architecture as defined in the National Institute of Standards and Technology (NIST).
The iboss platform is a purpose-built, patented, cloud delivered security solution that has been trusted by organizations worldwide to implement Zero Trust architecture as laid out specifically in the NIST 800-207 Special Publication. The company’s containerized cloud architecture makes it the only platform that can control what NIST refers to as the “Implicit Trust Zone” to ensure that all data and resources are completely private. The FedRAMP authorization now extends iboss’s leading platform to all U.S. government customers.
“Our Zero Trust Edge platform prevents breaches by making applications and data inaccessible to attackers while allowing trusted users to securely and directly connect to resources from anywhere. “In today’s work-from-anywhere world, protecting sensitive information, regardless of who is accessing it or where, is critical. We look forward to continuing to extend our platform and expertise to U.S. government agencies.”
iboss CEO Paul Martini
A Zero Trust Architecture built on iboss consolidates network security technologies (SWG, CASB, DLP, IPS, malware defense, browser isolation, firewall) into a single unified cloud platform and eliminates the need for a VPN while securing any device, regardless of location. By making all applications private, iboss eliminates the top three initial ransomware infection vectors as identified by the Cybersecurity and Infrastructure Security Agency (CISA). With applications, data and services made accessible only through the iboss Zero Trust Edge, cyber risk is greatly reduced, breaches and data loss are prevented, and visibility and security are delivered consistently throughout an organization.
FedRAMP is a US government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.
About iboss, Inc.
iboss is a cloud security company that enables organizations to reduce cyber risk by delivering a Zero Trust service designed to protect resources and users in the modern distributed world. Applications, data and services have moved to the cloud and are located everywhere while users needing access to those resources are working from anywhere. Built on a containerized cloud architecture, iboss delivers security capabilities such as SWG, malware defense, browser isolation, CASB and data loss prevention to protect all resources, via the cloud, instantaneously and at scale. This shifts the focus from protecting buildings to protecting people and resources wherever they are located. Leveraging a purpose-built cloud architecture backed by 230+ issued and pending patents and more than 100 points of presence globally, iboss processes over 150 billion transactions daily, blocking 4 billion threats per day. More than 4,000 global enterprises trust the iboss Cloud Platform to support their modern workforces, including a large number of Fortune 50 companies. iboss was named one of the Top 25 Cybersecurity Companies by The Software Report, one of the 25 highest-rated Private Cloud Computing Companies to work for by Battery Ventures, and CRN’s Top 20 Coolest Cloud Security Companies of 2022.