DATA SECURITY

Booz Allen Invests in Tracepoint, the industry's leading digital forensics and incident response company

businesswire | January 08, 2021

Booz Allen Hamilton reported today that it had made an essential interest in Tracepoint, a quickly developing advanced criminology and episode reaction organization serving driving customers in general society and private areas. The organization, helped to establish by Baton Rouge-based Plexos Group and a few industry specialists, has some expertise in supporting digital protection transporters, legal counselors, intermediaries, and their customers through emergencies. The speculation declared today upgrades the capacity of both Tracepoint and Booz Allen to safeguard customers against a developing number of incapacitating digital dangers.

“This past year has been dominated by increasingly sophisticated cyber attacks, from the evolution of ransomware business models to a surge in attacks related to remote work,” said Bill Phelps, executive vice president and leader of the firm’s global commercial business. “Organizations must be able to detect, respond, and remediate the most consequential cyber threats to fully capitalize on the benefits of digital transformation. This investment in Tracepoint is part of our broader commitment to delivering comprehensive cyber services and solutions to ensure business resiliency for our global client base.”

This speculation supplements Booz Allen's current network safety portfolio, which underpins numerous Fortune 100 and Global 2000 customers, just as essentially every U.S. protection and government office. Booz Allen's administration in online protection keeps on developing. The association's training was as of late positioned by Frost and Sullivan as having the biggest piece of the pie in Managed and Professional Security Services in the Americas. The association's business conveys progressed digital administrations for customers across various enterprises, including monetary administrations, wellbeing and life sciences, energy, transportation, and assembling.

“Both of our organizations, Tracepoint and Booz Allen, are dedicated to helping clients defend against and respond to some of today’s most sophisticated and determined cyber actors,” said Chris Salsberry, Tracepoint’s chief executive officer. “We're excited to have Booz Allen, a recognized cybersecurity leader, as an investor and partner. Their support helps elevate and grow our incident response capabilities. As we’ve seen across client engagements, organizations must relentlessly prepare for a cyber incident to reduce their risk.”

This venture follows the new expansion of Andrew Turner, the previous boss security official for Fidelity National Information Systems, as a Booz Allen chief VP and market methodology pioneer in the company's worldwide business and imprints a significant advance in Booz Allen's continuous procedure to extend the company's worldwide business. The profound skill of Booz Allen professionals is procured through continuous digital activities, driving edge specialized developments, basic huge scope occurrence reactions, and progressed digital danger insight.

“Cybersecurity is a business-enabling function that directly affects an organization’s potential to deliver to the bottom line,” said Jerry Bessette, a Booz Allen senior vice president and leader of the firm’s commercial strategic readiness and incident response team. “Tracepoint has a proven track record of helping clients respond to attacks with resiliency and we’re proud to invest and enhance these incident response capabilities. A growing array of domestic and international cyber threats means that having tested plans in place to mitigate threats will only become more of a business imperative.”

Regarding the exchange, Booz Allen held Goldman Sachs and Co LLC as monetary consultant and King and Spalding LLP as legitimate guide. Tracepoint held Raymond James and Associates, Inc. as monetary counselor and Holland and Knight, LLP as lawful guide. Terms of the venture were not uncovered.

About Booz Allen
For more than 100 years, military, government and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital, engineering and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder to shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.

With global headquarters in McLean, Virginia, our firm employs about 27,600 people globally as of September 30, 2020 and had revenue of $7.5 billion for the 12 months ended March 31, 2020.

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Other News
DATA SECURITY

ContraForce Announces $2M Seed Investment from DataTribe

ContraForce | December 28, 2021

DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today a $2M seed investment in ContraForce, a leader in no-code security automation for small and medium-sized businesses. ContraForce delivers a no-code security automation platform that makes cyber security accessible for small and medium-sized businesses that lack the resources and expertise to defend themselves. In addition, ContraForce also brings this facility to security compliance; a critical feature, as customers, regulators and insurance companies are putting increasing pressure on small and mid-sized organizations to not only be secure, but also to prove it. No longer is it acceptable for smaller organizations to be a step behind in their security and compliance. Hackers are increasingly targeting them for ransomware or as an entry point into a supply chain. Because small businesses typically have limited resources to cope with a cyber attack, cyber attacks can represent an existential risk for them. ContraForce enables small and mid-sized businesses to manage this risk with their easy-to-use, self-service platform to automate threat detection, response, and compliance. “We are thrilled to announce DataTribe's most recent investment in ContraForce on the heels of the company winning the fourth annual DataTribe Challenge,” said John Funge, Managing Director at DataTribe. “By providing a sort of security and compliance ‘easy button’, ContraForce is filling a really significant gap. Just because an organization is small does not mean that it does not possess vital data, IP, or access to strategic networks. It is paramount that smaller organizations overcome the resource barriers to robust security. ContraForce’s unique approach dramatically lowers these barriers.” “I am looking forward to working with DataTribe as we build on the ContraForce team's passion for simple and effective cybersecurity solutions designed for the needs of small and medium-sized businesses,” Stan Golubchik, CEO and co-founder of ContraForce ContraForce’s security and compliance solutions map security vulnerabilities to the industry standard MITRE ATT&CK framework. They create and adapt security detection and response capabilities in real-time, ensuring the environment is secured in hours across the cloud, network, endpoint, and users. By using ContraForce, an organization without dedicated security personnel can respond to threats without having to learn or write complex security detection code and response workflows. About DataTribe DataTribe is a startup foundry that invests in and co-builds world-class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, startup veterans, and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area, in Fulton, Maryland. About ContraForce ContraForce is the new no-code security automation company. We focus on securing the small and medium-sized businesses by helping their security and IT teams work smarter, allowing them to implement automated operations that are effective in combating cyberattacks and demonstrating compliance. ContraForce is headquartered in McKinney, Texas and was founded and built by industry security and cloud experts from Armor, McAfee, and Intel. ContraForce's mission is to empower IT and Security teams and enable them to be more efficient.

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DATA SECURITY

Axonius Unveils SaaS Management Solution to Combat Complexity, Cost, and Risk

Axonius | January 20, 2022

Axonius, the leader in cybersecurity asset management, today unveiled Axonius SaaS Management, a new comprehensive solution that helps security, IT, finance, and risk teams control the complexity, cost, and risk of software as a service (SaaS) with a single source of truth into their SaaS application landscape. As businesses rapidly increase consumption of SaaS applications, they face acute IT, security, and business challenges. The rate of SaaS adoption makes manual approaches to gaining a credible SaaS asset inventory woefully inadequate and exposes extremely difficult visibility challenges into both known and unknown SaaS applications. Compounding these visibility challenges, companies struggle to identify how data flows between apps, manage a myriad of configurations, and close security gaps, as well as track licensing and spend, across hundreds sometimes thousands of SaaS applications. Axonius SaaS Management lets customers address the operational and financial challenges of SaaS asset management, as well as the security and risk gaps, all via a seamless, nonintrusive deployment that delivers actionable insights from day one. This is the first product delivered by AxoniusX, the company’s innovation-focused business unit that launched in June 2021. “Over the past few years, we’ve seen tools emerge that address some aspects of SaaS management from either the business side or SaaS security posture management, but these approaches still leave companies with gaps in visibility and siloed information,We’ve built on our unique approach to cybersecurity asset management to deliver the same results for SaaS applications. With our rich history in building and maintaining API integrations with SaaS solutions, Axonius has the expertise and market traction to bring massive value to organizations struggling with the complexity of modern apps and infrastructure.” Amir Ofek, CEO and co-founder of AxoniusX Axonius SaaS Management uses adapters (API connections to data sources) and proprietary SaaS discovery tools to create a detailed inventory of all SaaS applications, permissions, and data flows. By connecting to all layers of the SaaS application stack, the solution discovers both the SaaS applications known to and sanctioned by organizations as well as shadow and unmanaged apps. This approach provides comprehensive visibility into all data types and interconnectivity flows, identifies misconfigurations and data security risks, and delivers actionable insights for better IT management and cost optimization. Axonius SaaS Management integrates with Axonius Cybersecurity Asset Management to provide a comprehensive platform that unifies all digital assets from SaaS apps to devices, user accounts, cloud assets, and more so customers can easily and effectively control complexity across the entire IT environment. About Axonius Axonius gives customers the confidence to control complexity by mitigating threats, navigating risk, automating response actions, and informing business-level strategy. With solutions for both cyber asset attack surface management (CAASM) and SaaS management, Axonius is deployed in minutes and integrates with hundreds of data sources to provide a comprehensive asset inventory, uncover gaps, and automatically validate and enforce policies. Cited as one of the fastest-growing cybersecurity startups, with accolades from CNBC, Forbes, and Fortune, Axonius covers millions of assets, including devices and cloud assets, user accounts, and SaaS applications, for customers around the world.

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PLATFORM SECURITY

Trend Micro Unites Industry With Most Powerful and Complete Security Platform

Trend Micro | April 26, 2022

Trend Micro Incorporated , a global cybersecurity leader, announced the launch of Trend Micro One, a unified cybersecurity platform with a growing list of ecosystem technology partners that enables customers to better understand, communicate, and lower their cyber risk. Organizations are battling on all fronts to face mounting cyber risks from their complex and growing attack surface with stretched teams and siloed security products. The unified security platform approach delivers a continuous lifecycle of risk and threat assessment with attack surface discovery, cyber risk analysis, and threat mitigation and response. Inaugural partners of the Trend Micro One technology ecosystem include: Bit Discovery, Google Cloud, Microsoft, Okta, Palo Alto Networks, ServiceNow, Slack, Qualys, Rapid7, Splunk, and Tenable. "We are so proud that ecosystem partners value integrating into our platform. Collectively we help enterprises fight the bad guys known as cybercriminals. Alone we are strong, but together our industry is unstoppable in helping customers eliminate security gaps anywhere, identify internal and external enterprise assets, and take critical steps to mitigate them. Kevin Simzer, COO of Trend Micro According to Gartner®, "vendors are increasingly acquiring or developing these adjacent technologies and integrating them into a single platform. The benefits are best realized when this integration minimizes consoles and configuration planes and reuses components (e.g., endpoint agents) and information.1" "We all know that digital transformation is table stakes for the post-pandemic enterprise. But this comes with additional risks: a bigger target for threat actors to aim at and more visibility and security coverage gaps for them to hide in," said Jeremiah Grossman, CEO of Bit Discovery. "Trend Micro's approach stands out from the crowd — notably with its blend of multiple sources of asset and risk visibility, including external attack surface visibility powered by Bit Discovery. Trend Micro's platform helps customers quickly get a prioritized and comprehensive understanding of their attack surface." As a unified platform, Trend Micro One delivers powerful risk assessment capabilities, but the ecosystem partners extend that to make it the most complete in the industry. Joint customers benefit from truly connected visibility, better detection and response capabilities, and comprehensive protection across security layers and systems. Trend Micro One supports this approach by enabling customers to: Discover the attack surface: Identify, monitor, and profile cyber assets in customers' environments. Understand and continuously assess risk: Analyze risk exposure, the status of vulnerabilities, the configuration of security controls, and types of threat activity. Effectively mitigate risk: Ensure the right preventative controls and take swift action to mitigate risk and remediate attacks across the enterprise by leveraging Trend Micro's threat and risk intelligence. About Trend Micro Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response.

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DATA SECURITY

ITC Secure and Cassava Technologies Announce Joint Venture to Expand Industry Leading Security Operations and Microsoft Cloud Security Expertise

ITC Secure | December 16, 2021

ITC Secure (ITC), a leading advisory-led cyber security services company and a Microsoft Gold cyber security partner, and Cassava Technologies, the pan-African technology leader, announced today that they have entered into a Joint Venture (JV) to build and launch an extensive portfolio of cyber security services, powered by Microsoft Azure cloud technologies in Africa. Hardy Pemhiwa, the CEO of Cassava Technologies said: “Digital transformation in Africa is accelerating the adoption of cloud services which is creating an urgent need to better protect users and business-critical data. Cassava Technologies footprint covering more than 15 countries in Africa, we are well-positioned to meet the growing needs of businesses and individuals and expand access to cybersecurity and other digital services. We look forward to bringing ITC’s world-class cyber expertise, coupled with Microsoft’s industry-leading technology, to build Africa’s digital future.” “The strategic partnership between ITC Secure and Cassava Technologies, as a pan-African technology leader, will bring Microsoft’s cutting-edge cloud security solutions to the African market to drive the growth of the technology sector and innovation across Africa.” Andre Pienaar, the Chairman of ITC Secure Admiral Mike Mullen, the Chairman of ITC Secure USA said: “The combination of ITC Secure and Cassava Technologies will help guide us to the future while addressing the growing needs of individuals and organisations in the African market for a secure digital world, built on the best solutions and delivered by the best experts.” Replicating best practice of a leading UK SOC to build a cutting-edge SOC in Africa ITC’s 24/7 Operations Centre, based in London, is at the forefront of delivering managed security services. As part of the JV, ITC and Cassava Technologies will build a state-of-the-art SOC in Africa. The centre will leverage Cassava Technologies’ in-depth knowledge of the African continent and ITC’s extensive experience in cybersecurity, to enable the rapid delivery of cyber services and operations on the continent. Steering the future ITC’s mission to ‘make the digital world a safer place to do business’ echoes Cassava Technologies’ vision of a digitally connected future that leaves no African behind. This JV addresses the growing need to ensure that individuals and organisations are safe and secure online and will further demonstrate how cyber security can be a business enabler, helping to drive growth and create jobs across Africa. Facilitating knowledge transfer locally The skills gap in the cyber security industry continues, with recruitment and retention an ongoing challenge. The JV will facilitate access to experts globally and close collaboration and knowledge transfer locally. This will enable faster on the ground response, the sharing of cyber security best practice and streamlined sharing of internal resource. Extended portfolio of cyber security services ITC’s integrated delivery model provides access to the best cyber security skills, technology, and governance. Encompassing a unified suite of solutions that start with an advisory-led approach, including Identity and Access Management capabilities and managed security services like Managed Detection and Response. At the heart of ITC’s integrated delivery model is PULSE, an extended detection and response platform powered by Microsoft Sentinel, that integrates specialist knowledge and expertise. ITC is a Microsoft Gold partner in Security and Cloud and a member of the Microsoft Intelligent Security Association. Organisations will gain access to a level of expertise recognised by Microsoft as the “highest, most consistent capability” – underpinned by a cohesive set of services that scale. About ITC Secure ITC Secure is an advisory-led cyber security services company. We have a 25+ year track record of delivering business-critical services to over 300 blue-chip organisations - bringing together the best minds in security, a relentless focus on customer service and advanced technological expertise to help businesses succeed. With our integrated delivery model, proprietary platform and customer-first mindset, we work as an extension of your team throughout your cyber journey and always think not only about you, but also your customers and the reputation of your brand. ITC Secure a certified Great Place to Work® and is headquartered in London, UK. With a dynamic balance of the best in people, technology, and governance, we make cyber resilience your competitive advantage. About Cassava Technologies Cassava Technologies is a pan-African technology leader providing a vertically integrated ecosystem of digital solutions, designed to significantly accelerate connectivity and drive digital transformation across the African continent. Cassava Technologies creates the enabling digital infrastructure with cross-border fibre, renewable energy solutions, and a state-of-the-art network of data centres that provides access for millions to complementary digital services of Wi-Fi, Cloud, cybersecurity and fintech solutions. This ecosystem aims to transform the lives of individuals and businesses across the continent by enabling social mobility and economic prosperity.

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Spotlight

"Near Field Communication (NFC) is a short-range technology used in smartphones that enables users to make payments, share information, download tickets and more. HID ActivlD Tap Authentication leverages NFC technology to provide a better access experience for mobile device users while keeping organizations secure."

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