DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Globenewswire | May 29, 2023
WinMagic Inc. (the "Company" or "WinMagic") is proud to announce that it is now a member of the Lumen Technologies (NYSE: LUMN) Channel Partner program. WinMagic offers powerfully simple and seamless authentication and encryption solutions that use the endpoint to deliver unbeatable security. This partnership will enable the Company to leverage Lumen’s extensive network and cloud and security solutions to expand capabilities to existing WinMagic customers and enter new markets through access to Lumen’s comprehensive partner program.
As a Lumen Channel Partner, WinMagic can draw on Lumen’s integrated portfolio of global solutions to enable greater product adaptability regarding network services, infrastructure and applications. Lumen’s solutions and infrastructure, combined with WinMagic’s innovative authentication and endpoint encryption products, provide customers with a complete portfolio of cybersecurity solutions.
“This is a game-changer for customers. Paired with WinMagic’s next-gen security, Lumen’s edge compute infrastructure and portfolio of advanced solutions gives customers real power,” said Sara Seegers, regional vice president of indirect channel sales at Lumen. “Customers want to scale their operations as quickly as possible. They know this is the key to increasing their efficiency and growing their business. Together, we can bring results that exceed customer expectations.”
"This partnership with Lumen brings users WinMagic’s most secure authentication technology to date with an incredible user experience," said Rahul Kumar, vice president of sales at WinMagic. "Our MagicEndpoint provides real-time, continuous authentication of the user plus endpoint device without requiring any user action. This strategy delivers the ‘always verify’ element of zero-trust security. We're excited to extend our next-gen security solutions to the Lumen network."
WinMagic’s MagicEndpoint passwordless authentication solution delivers preboot authentication, Windows login and passwordless authentication to online services and applications. The software’s zero-trust security design complements government and commercial environments while delivering an end-to-end secure user experience. SecureDoc endpoint encryption enables organizations to secure all their data at the same time, keeping it safe from cyberattacks without disrupting productivity.
About Lumen Technologies
Lumen connects the world. We are dedicated to furthering human progress through technology by connecting people, data and applications — quickly, securely and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For more information, visit www.lumen.com.
WinMagic is a leading developer of cybersecurity solutions that, for 25 years, has raised the bar for endpoint encryption. Over 2,500 businesses and government agencies trust the company with over 3 million active licenses globally. The WinMagic authentication and encryption suite protects your company's data, on-premises or in the cloud. WinMagic delivers a seamless authentication and encryption experience that increases productivity while protecting users and data. For more information, visit www.winmagic.com.
DATA SECURITY, ENTERPRISE SECURITY, SOFTWARE SECURITY
Businesswire | May 12, 2023
Vanta, a leading trust management platform, announced today that it has expanded its partnership with CrowdStrike, a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, with a new integration that improves compliance and security operations for organizations of all sizes. Vanta also announced three new strategic investors in their previously announced Series B — Atlassian Ventures, HubSpot Ventures and Workday Ventures.
The new integration builds on an existing partnership between Vanta and CrowdStrike. In September 2022, the companies announced that CrowdStrike had made an investment in Vanta via the CrowdStrike Falcon Fund. That investment, along with the newly announced investments today by Atlassian Ventures, HubSpot Ventures and Workday Ventures, not only enable Vanta to continue growing its go-to-market, R&D and global expansion efforts, but provide valuable partnership opportunities via aligned customer and partner bases and industry-leading product innovation.
“As the market’s leading trust management platform, we’re excited to build on our industry-first partnership with CrowdStrike, bringing together our pioneering technologies to automate compliance securely across organizations—from small and midsize businesses to enterprise environments,” said Christina Cacioppo, CEO, Vanta. “As we transform the way companies demonstrate their security, and ultimately, establish and deepen trust, we’re thrilled to welcome new investments by Atlassian Ventures, HubSpot Ventures and Workday Ventures as we work to simplify and centralize security for our 5,000 global customers and beyond."
With cybersecurity threats continuing to increase in volume and complexity, it’s more critical than ever for organizations to prioritize their security posture and build trust with internal and external stakeholders alike. By leveraging the CrowdStrike Falcon® platform, Vanta customers gain visibility into employee agent deployment, allowing them to seamlessly configure and manage cloud monitoring to ensure internal policies are being upheld.
The integration with CrowdStrike increases automation for compliance security operations at scale within Vanta, empowering customers to:
Improve security posture by actively monitoring the status of corporate employee access to the Falcon platform, as well as mitigate potential misuse and insider threats by removing access for offboarded users.
Eliminate security blindspots with additional visibility into CrowdStrike agent installation coverage across relevant endpoints, and workloads for comprehensive protection and control.
Meet compliance standards by certifying CrowdStrike prevention policies by actively performing the relevant checks on the required devices and cloud workloads within the Vanta platform.
"Cybersecurity and compliance are both on similar trajectories of increasing complexity," said Daniel Bernard, Chief Business Officer, CrowdStrike. "Together with Vanta, CrowdStrike is automating continuous security and compliance so organizations of all sizes can elevate protection levels in an efficient manner."
Over the past year, Vanta has nearly doubled its customer base to serve over 5,000 companies across 58 countries, while expanding its global footprint with offices in Australia, Ireland and the U.S. In January, Vanta announced its acquisition of Trustpage to accelerate its enterprise momentum and transform trust into a marketable advantage for companies around the world.
“Developing trust and providing companies with solutions to support them as they grow is essential to our mission to help organizations grow better. Vanta enables companies to strengthen trust with customers by improving security and compliance management, making them a natural partner to HubSpot,” said Eric Richard, CISO and SVP of Engineering Operations, HubSpot. “I’m looking forward to the work Vanta and HubSpot will do together to create more secure digital experiences for companies and their customers.”
To meet demand from its rapidly expanding customer base, in Q1 alone, Vanta added over 50 new integrations, for a total of 125+ across the most essential cloud applications in a company's tech stack. With Vanta’s recently launched Vendor Risk Management (VRM) solution and Questionnaire Automation, customers can evaluate security in the buying process while closing their own deals faster — all in a single platform.
“Teams work in a more connected and collaborative nature than ever before. But with more apps and entry points in every organization’s tech stack, the companies of tomorrow need to ensure they’re secure today,” said Peter Lenke, Head of Atlassian Ventures. “We’re excited to invest in and partner with Vanta as they enable security teams to significantly reduce vendor risk by quickly inventorying vendors, performing security reviews, and remediating issues — all in the same platform they use for security and compliance today. Vanta closes the loop on the security lifecycle from start to finish. With our shared commitment to reimagine and deliver a more secure cloud, we couldn’t be more thrilled to join Vanta in its next phase of growth.”
In addition to its product and partnership acceleration in 2023, Vanta’s innovation has been recognized across a range of rankings and awards including securing the #17 spot in CNBC’s Disruptor 50, Inc’s Best Workplaces and the Fastest Growing Cybersecurity Company by the Cybersecurity Excellence Awards.
“The investment in Vanta reflects our commitment to intelligent automation and sophisticated technology that helps organizations navigate an ever-changing world,” said Michael Magaro, Senior Vice President of Corporate Growth, Workday Ventures. “As the strategic capital arm of Workday, trust and transparency are values that are ingrained in everything we do at Workday Ventures. Vanta is well-positioned to evolve the rapidly changing trust and security industry, and we look forward to partnering with them as they continue their journey to safeguard organizations and consumers everywhere.”
In 2022, Vanta raised $150 million in funding from leading investors Craft Ventures, Sequoia and Y Combinator and security industry pioneers like CrowdStrike, bringing the company’s total amount raised to $203 million at a $1.65 billion valuation.
Vanta is the leading trust management platform that helps simplify and centralize security for organizations of all sizes. Over 5,000 companies including Autodesk, Chili Piper, Flo Health, and Quora rely on Vanta to build, maintain and demonstrate their trust—all in a way that's real-time and transparent. Founded in 2018, Vanta has customers in 58 countries with offices in Dublin, New York, San Francisco and Sydney. For more information, visit www.vanta.com.
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."
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
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.