Data Security, Software Security, Web Security Tools

At-Bay Selects Guidewire Cyence to Enhance Cyber Portfolio Accumulation Risk Management and Further Propel Market Growth

At-Bay, Inc.
At-Bay, the insurance provider for the digital age, and Guidewire today announced that At-Bay has chosen Guidewire’s cyber risk modeling and analytics product, Cyence, to further bolster its view, and management of, aggregation risk, within its growing cyber insurance portfolio.

“Cyber risk aggregation is an important area of risk that every insurer should be actively monitoring and managing within their cyber portfolio. Investing in the right data capabilities, tools, and mechanisms for monitoring and sizing aggregation risk exposure is critical to managing cyber insurance risk in today’s fast changing threat landscape,” said Roman Itskovich, At-Bay’s Chief Risk Officer and Co-Founder.

“With At-Bay’s steadfast focus on proactive risk management, Guidewire’s solution will help us to expand our data capabilities and toolkit for proactive risk management, so that we can continue to deliver great loss results,” Itskovich added.

By combining world-class technology with industry-leading insurance expertise, At-Bay aims to provide the clarity and confidence that businesses need to address digital risk head on. Founded in 2016, At-Bay protects tens of thousands of business customers from today’s ever growing cyber threat landscape. With its in-house data collection capabilities aimed at addressing attritional risk in the selection, pricing, and active risk management of its portfolio, At-Bay will now expand its focus to aggregated risk exposures.

“We selected Guidewire because it has a strong reputation for being one of the top cyber risk vendors, especially for transparency, in-house data collection, and market validation. “By applying Cyence’s advanced risk models and detailed aggregated risk scenarios to our own active risk monitoring capabilities and claims experience, we believe that we will be able to further enhance our underwriting and portfolio risk management decisions, and maintain a strong loss performance as our book grows.”

Yoshifumi Yamamoto, Director of Cyber Risk Modeling, At-Bay

Commenting on the news, Charles Clarke, Group Vice President, Analytics Sales & Advisory, Guidewire, said, “We admire At-Bay’s use of Cyence to expand its modeling capabilities to account for aggregated risk. We are pleased by their vote of confidence in our cyber capabilities and look forward to infusing data analytics to help At-Bay’s clients meet digital risk head-on.”

About At-Bay, Inc.
At-Bay is the insurance provider for the digital age. By combining world-class technology with industry-leading insurance expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com

About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. Approximately 520 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.

Spotlight

Other News
Software Security

Cyolo Unveils Key Insights into OT Cybersecurity Threat Landscape from KuppingerCole and Releases Cyolo 4.3 for Enhanced Security

Business Wire | September 27, 2023

Today, Cyolo, provider of the fastest and most secure zero-trust access and connectivity solution for hybrid organizations with IT and OT, in partnership with KuppingerCole, released an industry analysis focused on zero trust and remote access for operational technology (OT) environments. The analysis reveals key insights about the OT cybersecurity threat landscape, outlines high-level security architecture for OT, critical infrastructure systems (CIS) and industrial control systems (ICS), and evaluates key requirements of security regulations and frameworks. OT environments experience the same kinds of threats as enterprise IT – including ransomware, account takeovers, APTs, and Supply Chains as vectors – while experiencing expanded OT-specific threats. While traditional IT security tools may be adapted, developing robust security architectures for OT environments is inherently complex compared to their IT counterparts. Its unique nature, from equipment and software to communication protocols requires dedicated OT security solutions. Cyolo can help organizations with OT infrastructure to define and manage access control to those complex environments, said John Tolbert, Lead Analyst at KuppingerCole. Overall key insights include: OT Threat Landscape. Heightened geopolitical factors have intensified attacks on OT and ICS, posing significant consequences ranging from operational disruptions and service denial to financial repercussions and potential harm to human well-being. Core Cybersecurity Regulations. The risks and consequences of cyber-attacks against critical infrastructure advanced regulations globally mandating secure architectures and technical controls. KRITIS and the follow-on IT Security Act 2.0 are related examples of such regulations, as well as the NIST Cybersecurity Framework. OT Security Architectures and Key Functionalities. There are eight areas of functionality that are central to effective OT security architectures. Cybersecurity architectures for OT must address asset discovery, access control, IT security tool integration, detection and response capabilities, and OT protocol level threats. As the analysis breaks down, within critical infrastructure interruptions and downtime are not an option. To address the increasing need for secure access in OT environments, Cyolo introduced Cyolo 4.3, which expands key capabilities with more layers of security and making the product easier than ever to use for both administrators and end users in the industrial space. With Cyolo 4.3, industrial organizations will be able to extend their multi-factor authentication (MFA) across environments through an integration with Duo Security to support their physical tokens as required. Additionally, the company has implemented another layer of security for file transfer within the OT/ICS environment, through query anti-virus software to scan files before they are delivered to their destination. Cyolo is also adapting for further usability, allowing teams to securely invite external users by generating a secure one-time password; and import groups from existing IdPs, using SCIM. “Ensuring the security of critical infrastructure and industrial processes has become increasingly critical as organizations unite their IT and OT systems. This convergence has expanded the OT threat landscape and introduced significant cybersecurity challenges, as the once-isolated OT networks are now vulnerable to the same threats that have targeted IT networks for years” said Joe O'Donnell, Vice President ICS/OT of Cyolo. “With Cyolo 4.3, industrial entities can confidently navigate the complexities of the modern threat landscape and fortify their defenses against evolving cyber threats.” The announcement of Cyolo 4.3 highlights the company’s commitment to advancing zero-trust capabilities and it comes on the heels of Cyolo being listed as a Representative Vendor in the 2023 Gartner® “Market Guide for Zero Trust Network Access” report for the second consecutive year and recognized by Frost & Sullivan with the 2023 North American New Product Innovation Award for Secure Remote Access to Operational Infrastructure and Industrial Control Systems (OT/ICS). As the threats to critical infrastructure continue to evolve, Cyolo zero-trust access solution continues to provide the utmost protection and ease of use. To learn more about Cyolo 4.3, visit here. Access the report for a full view of the industry here. Register here to attend the joint webinar from Cyolo and KuppingerCole on how to achieve secure remote access for OT environments, to be held on Tuesday, October 10 at 7 a.m. PT. About Cyolo Cyolo helps hybrid organizations in the IT and OT spaces to stay safe, secure and productive in an era of distributed workforces and unprecedented cyberthreats. Cyolo’s next-generation zero-trust access solution enables all users, including employees, third parties as well as remote and on-site workers, to connect to their working environments seamlessly and securely via modern identity-based access. Providing one unified solution that integrates with the existing tech stack and deploys easily in the cloud, on-premises or in a hybrid model, Cyolo empowers the global workforce to securely access anything from anywhere.

Read More

Data Security

Canadian Federal Government Choose Netskope as Preferred Vendor

Netskope | September 11, 2023

Netskope, an industry-leading secure access service edge (SASE) provider, has announced that it has been chosen as the preferred cloud access security broker vendor for the Canadian Federal Government under the cybersecurity procurement vehicle (CSPV) of Shared Services Canada (SSC). The objective of the SSC cloud access security broker CSPV is to provide government users with secure access to cloud-based applications, including all software-as-a-service (SaaS) applications, regardless of their location. The Government of Canada (GC) selected Netskope after a competitive bidding process for a commercially available cloud access security broker service to fulfill its business requirements across various government organizations and agencies. The cloud access security broker service aims to facilitate the continued adoption, utilization, and delivery of SaaS cloud services by GC departments. The cloud access security broker service will improve the security posture of GC applications, services, and data as they are migrated to public cloud environments, permitting complete visibility and monitoring of GC cloud environments to detect, prevent, and respond rapidly to cyber threats; and ensuring the privacy, confidentiality, and protection of GC data in accordance with GC policies. As an integral part of Netskope Intelligent Security Service Edge (SSE), Netskope's market-leading cloud access security broker enables agencies to detect and manage the usage of cloud applications rapidly, irrespective of whether they are managed or unmanaged, and safeguard sensitive data from being stolen by malicious cybercriminals or risky insiders who have compromised the technology environment. A cloud access security broker is a cloud-based or on-premises security policy enforcement point situated between cloud service providers and consumers to combine and insert enterprise security policies when cloud-based resources are accessed. With a cloud access security broker solution, agencies can manage the unintentional or unauthorized transfer of sensitive data between cloud application instances while expediting security workflows with simple policy controls and incident response management. Paul Tanasi, Federal Regional Manager, Netskope, said, With the hybrid workforce becoming the new normal, Canadian government departments and agencies are relying more and more on giving their users direct-to-cloud access to SaaS applications and to web applications in general. [Source – Cision PR Newswire] Paul Tanasi further mentioned that there is a requirement to ensure these users' security and regain some of the visibility and control they were accustomed to when everyone worked from the office. A solution is required to tackle risks associated with cloud services, enforce security policies, and adhere to regulations, mainly when dealing with cloud services that are located outside their network perimeter and beyond their direct control. Netskope's CASB solution would offer the capability to adopt cloud applications and services confidently without compromising security or performance. About Netskope Netskope, an industry leader in SASE, assists organizations in implementing zero trust principles and AI/ML innovations to safeguard data and defend against cyber threats. The company's platform offers optimized access and real-time security for devices, people, and data, regardless of their location. Netskope assists customers in mitigating risk, accelerating application performance, and gaining unparalleled visibility into cloud, web, and private application activity. Thousands of clients rely on Netskope and its robust NewEdge network to combat evolving threats, technology shifts, new risks, organizational and network changes, and others.

Read More

Software Security

Lacework and Snowflake Expand Their Alliance to Secure Cloud Business

Lacework | September 15, 2023

Lacework, a company specializing in data-driven cloud security, and Snowflake, a prominent Data Cloud company, have jointly announced an expanded partnership. This partnership aims to propel the evolution of cloud infrastructure while enhancing cloud security automation at scale. Through this extended collaboration, security teams gain direct access to their Lacework cloud security data using Snowflake's secure data sharing, thus enabling unified visibility and tailored automation. Ulfar Erlingsson, Chief Architect, Lacework, said, Snowflake has been a dedicated platform partner as Lacework has scaled our business to support over 900 customers — ranging from small, early-stage startups to some of the most sophisticated enterprises running in the cloud space today — whose operations result in tremendous volume, variety, and velocity of security-relevant data. [Source – Cision PR Newswire] Erlingsson mentioned that, over the past seven years, Lacework had successfully conducted timely and efficient data processing by utilizing the Snowflake Data Cloud, even among a highly skewed set of customers. He further explained that their extended partnership with Snowflake would enhance their ability to serve joint customers at a cloud scale. This would apply whether customers needed them to handle only a small amount of security data or data processing at rates as high as 10s of gigabytes per second. As generative AI advances and becomes more accessible across various industries, the frequency and severity of cybersecurity threats are on the rise. This trend is driven by businesses accelerating their development processes and increasing cloud data generation. Addressing this new era of cloud security necessitates a fundamentally fresh approach, and Lacework's platform is designed to efficiently manage the substantial volume of data within an organization's cloud ecosystem. This includes data related to code, identities, containers, and multi-cloud infrastructure, with Snowflake serving as a critical platform partner. Through the combined capabilities of Lacework's security platform and Snowflake's Data Cloud, customers gain the ability to extend the value of cloud security data throughout their organization. This enables organizations to thoroughly assess their security and compliance status. Head of Cybersecurity Strategy at Snowflake, Omer Singer, said, Among the many potential advantages of generative AI is the ability for enterprises to deploy new applications faster, which places even more emphasis on the need to have scalable infrastructure and solutions. The combination of Snowflake and Lacework will continue to assist organizations scale their cloud businesses securely in the new era. [Source – Cision PR Newswire] About Lacework Lacework protects organizations in the cloud, enabling them to innovate with greater speed and assurance. Lacework's platform is designed to scale with the variety, volume, and velocity of cloud data across an organization's cloud environment, including code, containers, identities, and multi-cloud infrastructure. Only Lacework provides Security and Development teams with a connected and prioritized end-to-end view that identifies the most significant hazards and security events. About Snowflake The Snowflake enables all organizations to mobilize their data with its Data Cloud. Customers utilize the Data Cloud to integrate disparate data sources, power data applications, discover and securely share data, and implement a variety of AI/ML and analytic workloads. Snowflake provides a singular data experience that transcends multiple clouds and geographies, regardless of where data or users reside. Snowflake Data Cloud is used by thousands of customers across numerous industries, including 639 of the 2023 Forbes Global 2000 as of July 31, 2023.

Read More

API Security

Wallarm Announces Policy Integration with MuleSoft AnyPoint Platform

Wallarm | October 13, 2023

Wallarm has announced the availability of Application and API Security policies seamless integration with the MuleSoft AnyPoint Platform, providing essential protection for apps and APIs in various deployment scenarios. This integration of Wallarm and MuleSoft presents a compelling choice for organizations dedicated to comprehensively safeguarding and managing their API security management, ensuring robust protection for their digital assets. In the digital age, enterprises heavily depend on APIs to facilitate application connections and drive their digital transformation. Wallarm's latest offering seamlessly integrates with the MuleSoft API management and integration platform, bolstering cloud security and compliance to meet the evolving needs of modern businesses. Effective API management is paramount for organizations, and the market offers numerous commercial solutions, each with its unique features. Whether opting for well-known platforms such as MuleSoft, Kong, or Apigee, or exploring external tools like Akamai Edge and Azion Edge, the decision on how to deploy and manage crucial APIs depends on factors such as scalability, performance, and existing infrastructure. Regardless of the chosen approach, the demand for robust API security that effortlessly aligns with these varied deployment methods remains a top priority. CEO and Co-founder of Wallarm, Ivan Novikov, said, Wallarm is keen to unveil a cutting-edge cloud-based security policy that is agile and fully integrated with MuleSoft, a leading integration and API management platform in the market. [Source – Business Wire] About Wallarm Wallarm is a leading provider of robust protection for APIs, microservices, web applications, and serverless workloads in cloud-native environments. Trusted by numerous Security and DevOps teams, Wallarm excels in comprehensive web app and API endpoint discovery, shielding against emerging threats across their API portfolio, and automating incident response for enhanced risk management. The platform is designed to support modern tech stacks, offering a myriad of deployment options in both cloud and Kubernetes-based environments, including a full cloud solution. Based in San Francisco, California, Wallarm is backed by prominent investors like Y Combinator, Toba Capital, Partech, and others.

Read More