SECURITY AUDIT AND COMPLIANCE

Balbix Announces New Integrations with ServiceNow to Further Automate and Improve Cyber Risk Quantification

Balbix | August 09, 2022 | Read time : 03:35 min

Balbix Announces news
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.

About Balbix
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.

Spotlight

Cyberkriminalität boomt und verursacht jedes Jahr bei unzähligen Unternehmen erheblichen Schaden. Im Jahr 2021 stiegen die Kosten durch Datenschutzverletzungen von 3,86 Millionen auf 4,24 Millionen US-Dollar – der höchste Durchschnittswert seit 17 Jahren. Cyber-Angriffe sind eine kostenintensive Angelegenheit, denn sie verursach


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Stellar Cyber Integrates with Netskope to Deliver World-Class User Context, Speeding Investigations and Improving Security Outcomes

Stellar Cyber | December 20, 2022

Stellar Cyber, the innovator of Open XDR, today announced a new integration with Netskope, a global leader in secure access service edge (SASE). This powerful integration makes it easy for enterprise and MSSP users of the Stellar Cyber Open XDR platform to improve visibility of risks and threats by incorporating the rich user-centric data generated by Netskope in every investigation conducted by their security analysts. Under this integration, Netskope maintains visibility and control across five lanes of user traffic, including web, managed SaaS, unmanaged SaaS, cloud service providers, and public-facing custom apps in one single-pass cloud architecture. At the same time, Stellar Cyber ingests, normalizes, and analyzes Netskope data and all other collected data to identify potential threats creating prioritized, investigation-ready incidents. As security analysts complete incident investigations, Stellar Cyber automatically initiates response actions to third-party products integrated into the solution, including Netskope. “Making it easy for our customers that use Stellar Cyber to incorporate Netskope’s valuable user insights into their investigations is another way for us to bring them new levels of security visibility. “Making security analysts more productive means attacker dwell time decreases, reducing the risk of breach across our customer's environment.” Andy Horwitz, VP of Business Development at Netskope “Automatically incorporating Netskope’s rich user data into every investigation in the Stellar Cyber platform adds critical context that previously required significant manual effort, which should be especially important to customers with lean security teams focused on reducing the workload on their SOC analysts,” said Andrew Homer, VP, Technology Alliances at Stellar Cyber. “With this integration, we continue to deliver what our customers, and the market, expect.” About Stellar Cyber Stellar Cyber’s Open XDR platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill to secure their environments successfully. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR. The company is based in Silicon Valley.

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Spotlight

Cyberkriminalität boomt und verursacht jedes Jahr bei unzähligen Unternehmen erheblichen Schaden. Im Jahr 2021 stiegen die Kosten durch Datenschutzverletzungen von 3,86 Millionen auf 4,24 Millionen US-Dollar – der höchste Durchschnittswert seit 17 Jahren. Cyber-Angriffe sind eine kostenintensive Angelegenheit, denn sie verursach

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