CyberCube | July 14, 2022
CyberCube, the provider of the world’s leading cyber risk analytics for the insurance industry, today announces that McGill and Partners, the specialist (re)insurance broker, is using its Portfolio Manager and Broking Manager cyber risk analytics platforms.
Launched in 2019 by insurance veteran Steve McGill, McGill and Partners is rapidly growing to become a major force in the insurance and reinsurance market, quickly developing its offering in both cyber reinsurance and insurance. Today the firm has over 430 staff and offices in the UK, US, Bermuda and Ireland. The deal with CyberCube is part of McGill and Partners’ continued development of its cyber (re)insurance strategy.
CyberCube’s Portfolio Manager is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. Portfolio Manager stress tests portfolios of insurance and reinsurance risks against a range of systemic cyber-related scenarios including data breaches, cloud outages, global ransomware attacks and financial fraud.
Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broking community. It offers a streamlined approach to analyzing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.
“We are excited to be working with the team at McGill and Partners and be part of the company’s cyber (re)insurance growth strategy on both the direct insurance side via Broking Manager and on its reinsurance side via Portfolio Manager.”
Alejandra Donoso, CyberCube’s Principal Client Account Manager
Neil Sharma, Partner – Reinsurance at McGill and Partner, said: “We are looking to bring all stakeholders in the cyber value chain together; collaborating between our insurance and reinsurance teams and partnering with CyberCube’s platforms which help deepen our understanding of the risks allowing us to provide best-in-class solutions to our clients.”
CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Archive360 | August 29, 2022
Archive360™, the archiving and information management leader trusted by enterprises and government agencies worldwide, today announced its Archive360 Extend developer program, giving customers and partners access to the company’s unique APIs (application programming interfaces) so they can leverage the market-leading information governance capabilities of the Archive360 Open Archiving Platform, extending capabilities of customer in-house developed applications as well as third party applications. As the only true Platform-as-a-Service (PaaS) solution provider, Archive360 enables organizations to migrate and onboard massive volumes of data to the cloud, with full control over data security, privacy, access, and compliance. With Archive360 Extend, users can now benefit from one search to directly access, manage and extract relevant data from the Archive360 archive in the comfort and familiarity of their preferred applications, while professionals in the legal, IT and compliance units are assured that all data is being appropriately managed.
“Companies offering vital services such as eDiscovery, internal and external audits and core business applications are not in the business of archiving and managing information - that’s our specialty,” said Robert DeSteno, co-founder and CEO of Archive360. “In today’s operating environment, skilled professionals prioritize working from the applications they access daily. Archive360 now makes it possible for these users to access and leverage data in Archive360’s repository from those apps with one search - in most cases, they won’t even know where the data is, only that their access is fully authorized and secure. More than a dozen partners have already joined this program, and over the next few weeks we’ll be announcing key partnerships with specific companies. Archive360 Extend represents a new advance in archiving and information management, and we’re just getting started.”
The new program enables a seamless, secure and compliant connection between two complementary forces: the Archive360 information management platform’s ability to onboard, manage and store massive volumes of business data - including files, videos, audio, CRM, ERP, emails/electronic communication, social media and more - and companies specializing in complex disciplines such as eDiscovery and data analytics, serving business users who need immediate, authorized, and secure access to all relevant data resources without having to switch between applications.
Archive360 enables participating companies to promote their offerings to a much broader market, including large and heavily regulated enterprises with massive amounts of data that need to be retained and managed securely in compliance with internal and external mandates.
One Search User Access
Archive360 APIs enable end users, with one search, to quickly, easily, and cost-effectively access, review and act on data from any system across their organization. And while the company leads the market with a unified platform - massive data volumes offering enhanced flexibility for easy and secure access - its APIs also come with major advantages.
The collective benefits include:
One Search: Greater visibility into any data source connected to the Archive360 archive, and greater control over that data: how it’s processed, stored, protected and managed, with performance tailored to meet specific business needs
Scalability: Process and manage petabytes of data, rapidly, cost-effectively and dynamically scale horizontally and vertically to meet any workload
Security: True Zero Trust data security with unparalleled PII protection - even system administrators can’t access the data without explicit approval
Defensible Compliance: Ensuring data accuracy, compliance and reliability through immutable storage, data localization, and an audit trail to capture the complete chain of custody. Separate micro-APIs run in the right place across on-premises, in-country or overseas cloud infrastructures ensuring compliance with data localization requirements
Risk Management: eliminating redundant, obsolete and trivial (ROT) information; replacing legacy systems; and optimizing storage
Comprehensive Functionality: There’s one front-end API for ingestion, operations, monitoring, admin, records, discovery, machine learning and analytics, along with micro-APIs
Open Framework: The APIs are extensible - for example, Archive360’s archive functionality can be seamlessly embedded into independent software vendors’ applications and customer portals
Archive360 APIs are managed with a Zero-Trust framework that encompasses data threat surfaces, lifecycles, governance and more - a critical advantage in today’s operating environment. The company also adheres to an API-first philosophy: The APIs are consistent and reusable across the Archive360 platform and applications or portals accessing the data.
Customers and partners can learn more about the Archive360 Extend developer program by speaking with their account representative or registering to become an Archive360 partner.
Archive360 is the enterprise information archiving company that businesses and government agencies worldwide trust to securely migrate their digital data to the cloud, and responsibly manage it for today’s regulatory, legal and business intelligence obligations. This is accomplished by applying context around the search, classification, security, retention, disposition and indexing of data including files, videos, and emails—all while allowing organizations to maintain full control over privacy, access, and compliance. Archive360 is a global organization that delivers its solutions both directly and through a worldwide network of partners. Archive360 is a Microsoft Cloud Solution Provider, and the Archive2AzureTM solution is Microsoft Azure Certified.
Lumu | August 08, 2022
Lumu, creators of the Continuous Compromise Assessment cybersecurity model that empowers organizations to measure compromise in real time, today announced it has closed an $8 million investment round, bringing total funding to $15.5 million. Led by Panoramic Ventures, the investment will serve as growth capital for sales and marketing initiatives to further Lumu's mission of helping organizations operate cybersecurity proficiently. Other investors include KnowBe4 Ventures, Lane Bess, former Zscaler and Palo Alto Networks executive, and Tom Noonan, former CEO at Internet Security Systems and the SoftBank Group's SB Opportunity Fund.
"We are excited to continue to support Lumu through this phase of hypergrowth, as organizations across all verticals are realizing the value of measuring compromise within their networks and acting on this factual data immediately," said Paul Judge, Managing Partner of Panoramic Ventures. "The innovation Lumu is bringing to the market is evident and a true game-changer for cybersecurity operations."
Lumu's Continuous Compromise Assessment model enables any organization to measure and understand compromise to close the breach detection gap from months to minutes continuously and intentionally. Teams receive actionable information about who was impacted, when the incident took place and how best to respond before it escalates to a bigger problem. The company has experienced hyper-growth in 2021 and 2022 and now has more than 3,100 organizations using its technology. The Lumu platform has analyzed more than 1 trillion metadata and detected more than 345 million adversarial contacts.
"With today's economy, hiring constraints and the non-stop cyber threats, companies need tools that enable an accurate understanding of, and swift response to, potential attacks. "Our platform provides context at the granular level to understand each and every incident and the specific techniques used by attackers so that cybersecurity operators can mitigate malicious incidents and overall improve their cybersecurity stack. With cybercriminals quick to take advantage of economic downturns, this funding round emphasizes just how critical of a time it is for enterprises to prioritize protection and defense mechanisms."
Ricardo Villadiego, Founder and CEO of Lumu
The capital will also be used to scale the company's initiative to consistently attract exceptional talent to amplify the reach of Lumu's cyber industry-leading resilience message and to build credibility with target audiences to help companies of all sizes and verticals proficiently operate cybersecurity functions.
KnowBe4 is one of the key investors joining Lumu's funding round. The companies will join forces to further their missions of enabling employees and security teams to make smarter security decisions every day.
Miami-based Lumu is founded and led by Ricardo Villadiego, a successful second-time founder who is part of the SB Opportunity Fund's community of visionary Black, Latinx, and Native American entrepreneurs.
Headquartered in Miami, Florida, Lumu is a cybersecurity company focused on helping enterprise organizations illuminate threats and isolate confirmed instances of compromise. Applying principles of Continuous Compromise Assessment, Lumu has built a powerful closed-loop, self-learning solution that helps security teams accelerate compromise detection, gain real-time visibility across their infrastructure, and close the breach detection gap from months to minutes.