DATA SECURITY

CloudCover Continues to Move Into a New Era of CyberSafety with the Launch of CloudCover’s Cyber Liability

CloudCover | December 27, 2021

The cybersecurity insurance market is in trouble, fueled by a rapid increase in cyber attacks – up 486% from the beginning of 2018 through the end of 2021, according to Aon. As a result, insurers have little choice but to raise rates and scrutinize policy terms and conditions, as there’s no historical data to set policies and premiums like traditional insurance products.

CloudCover, the company Reimagining CyberSecurity, is making strides to improve cyber safety by creating the first end-to-end cyber security technology and insurance platform. Today, the company announces the continued rollout of its suite of CloudCover insurance products with the launch of a new insurance offering: CloudCover Cyber Liability (CCCL) and Information Systems Business Interruption (ISBI) insurance. The release of the cybersecurity insurance coverage brings forward an entirely new market category: cybersecurity network and data insurance cover that utilizes the CC/B1 PlatformTM to obtain the data analytic set required to efficiently underwrite and set accurate premiums. CloudCover’s $1 Million Ransomware Warranty was launched in September 2021.

Through its CCCL insurance, CloudCover will issue a $1 million cover per occurrence and a $10 million aggregate policy. This insurance option covers:
  • First-party response costs, including any costs associated with the investigation and remediation of cybersecurity breaches, as well as payment for costs associated with notifying affected parties of the breach,
  • Third-party liability and regulatory costs, including any costs associated with the defense of lawsuits, regulatory fines, and penalties in addition to the costs associated with any judgements rendered from those activities, and
  • Cover for any ransom demanded by cyber criminals who have locked the insured company’s network or computer systems.

Similar to the CCCL coverage, CloudCover will also issue $1 million coverage per occurrence and a $10 million aggregate policy for its ISBI coverage. The insurance policy provides payment for lost revenue in the event that a Distributed Denial of Service (DDoS) attack disrupts or compromises the insured party’s network.

Both insurance covers are powered by CloudCover’s CC/B1 Platform, an advanced Intelligent Threat ManagementTM security solution. The CC/B1 relies on a patented AI/ML (automated intelligence/machine learning), X-NDR (extended network detection and response), SOAR (security, orchestration, automation and response) technology that empowers risk awareness, risk control, and risk transfer in near real time. The platform operates as a Firewall EverywhereTM, collecting data from all corners of an organization’s network, streamlining and utilizing machine learning to detect, analyze, and stop suspicious activity – all while using the collected network patterns with risk scoring and building actuarial models for incremental cybersecurity network insurance.

“This marriage of cybersecurity technology and cyber insurance represents the creation of a new market,No other security vendor is able to provide cybersecurity risk scoring, risk event mitigation and mediation, accurate identification and threat stopping, and cyber risk insurance underwriting and auto-adjudication for claims in one platform. Using cybersecurity technology to learn about a company’s network and utilizing that data to create more accurate premiums and better coverage gives our industry the opportunity to better control cybersecurity insurance losses in the future, as we’ll be able to detect threats and issue micro-policies in a fraction of a second.”

Stephen Cardot, founder and CEO of CloudCover

In the months ahead, CloudCover plans to debut the final product in its initial CyberSafety Insurance Coverage portfolio: Cybersecurity Network Data Insurance, which will be the first insurance policy to insure data in motion with both first- and third-party liability coverage. This insurance, which will launch in February 2022, makes it possible for organizations to insure and thereby value their intangible assets, i.e., data, just as they would other company assets – something that’s been long seen as impossible in the FASB/GAAP industry.

In order to purchase CloudCover’s insurance offerings, a company will need to have the CC/B1 Platform installed on its network in addition to completing CloudCover’s CyberSafety Registry.

About CloudCover
CloudCover is an AI-driven, virtual machine-learning cybersecurity platform. CloudCover has reimagined cybersecurity as a risk-predictive CyberSafety Platform – delivering real-time extended network detection and response through a patented, math-based security orchestration automated response risk aware/control solution. The CloudCover SOAR capability accumulates data between an organization’s diverse security technologies and environments and streamlines them into holistic actions on potential risks. The CC/B1 Platform provides an ever-evolving, protective security layer to your existing cybersecurity tech stack – meaning network threats are detected in near zero-second speed with near zero-threat accuracy. With CloudCover, the elusive “single pane of orchestration” capability of an organization’s network security isn’t a myth – it’s reality.

Spotlight

Too many enterprises still focus on edge and core security, and underinvest in data security. That’s the wrong approach. Databases hold most of your company’s most sensitive data, and remain the corporate asset most likely to be breached. Learn how modern data security such as data activity monitoring (DAM), analytics, and data


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PLATFORM SECURITY

TAC Security Launches the ESOF Vulnerability Prediction Feature

TAC Security | June 13, 2022

TAC Security, a Silicon Valley-based Cybersecurity company, announced the launch of their ESOF Prediction Feature. The Prediction feature allows the organizations to forecast the quantity of new vulnerabilities in an asset for the coming month. The results will be based on the vulnerability specifics from anyone’s most recent scan results for each Asset type. The feature anticipates the ESOF cyber scores of various Asset types present in one’s infrastructure and based on the number, the predicted vulnerabilities are generated. The count of predicted vulnerabilities gets further divided based on severity levels for e.g., Critical, High, Medium and Low. ESOF predicts the number of vulnerabilities in the coming months and generates a cyber score based on that for the coming months. The platform will predict the following - Monthly Prediction of Vulnerabilities. Prediction of ESOF Cyber Score Prediction of Vulnerabilities that can be patched Prediction of Type of Vulnerability(s) ESOF also allows the count of predicted vulnerabilities to be compared to the number of actual vulnerabilities. The representational graphs will contain both the actual count and predictive count of the vulnerabilities for the coming months. “The prediction feature allows security teams to foresee threats and prepare for them. If the security team needs training or resources, knowing in advance allows them to invest time and resources to improve their security processes. ESOF plays an essential role in allowing teams to discover, prioritize and remediate before situation demands, rather than mass efforts like other tools,” said, Trishneet Arora, Founder and Chief Executive Officer, TAC Security. “We are thrilled to take the next step to ensure ESOF becomes Cybersecurity's Future. The Prediction feature is a revolutionary contribution by TAC Security to the ever-evolving Risk and Vulnerability Management market. The ability to foresee threats allows not only the security teams and leaders to be prepared. And gives them the chance to communicate with the whole organization, including the Board Members, so they know what to expect. It allows the organization to be well prepared and plan their resources to strengthen their security processes and reduce the chances of a breach remarkably.” Chris Fisher – CMO, TAC Security This announcement closely follows TAC Security’s recent launch of another new product, ESOF Product CyberScore. The product provides ability to generate risk scores for each product installed in the system. In addition to an individual product risk score for the product on a single asset, there is also a group score that will be based upon all the assets that have the product installed. With the overall product score, they can easily identify the most vulnerable products present in all the assets and prioritize the top 10 most vulnerable products present in the organization. The prediction model is a major stepping stone in TAC Security’s mission of ensuring a cyberscore becomes the next credit score system for organizations to be considered compliant. The ability to forecast upcoming vulnerabilities gives organizations an edge over the adversaries and continues to strengthen the risk posture of their overall IT infrastructure. About TAC Security TAC Security, headquartered in San Francisco, is a global leader in Vulnerability Management that protects Fortune 500 companies, leading enterprises, and governments around the world. TAC Security manages 5+ Million vulnerabilities through its Artificial Intelligence (AI) based Vulnerability Management Platform ESOF (Enterprise Security in One Framework). TAC Security has established strategic partnerships with leading cloud providers and managed service providers and consulting organizations including Tech Mahindra, IBM, KDDI Japan, and distributors including Dataguard Technologies LLC and Ingram Micro.

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SOFTWARE SECURITY

JFrog Integrates with ServiceNow to Improve Software Security Vulnerability Response Times with “ServiceOps”

JFrog | May 27, 2022

JFrog Ltd. , the Liquid Software company and creators of the JFrog DevOps Platform, today unveiled new integrations for JFrog Xray with ServiceNow’s Lightstep Incident Response and Spoke products for IT Service Management. Available immediately, the JFrog Xray integrations with ServiceNow (NYSE: NOW) provide IT leaders with real-time insights on security vulnerabilities and compliance issues to quickly engage necessary team members from across the organization for more immediate response and remediation. “Successfully securing the software supply chain at the speed of business is a team sport, requiring efficient, cross-team collaboration for timely security incident remediation. Our integration with ServiceNow aims to change the relationship between developers and the rest of the business, so they can maintain the speed and frequency of releases, while avoiding downtime and loss of trust from end customers." Shlomi Ben Haim, Co-Founder and CEO, JFrog The new integration enables IT teams to proactively address security issues before they become major concerns. The combination of JFrog Xray and ServiceNow delivers a robust software composition analysis (SCA) tool that can quickly scan binaries for vulnerabilities and license compliance issues, then share those insights with the appropriate parties across the organization. The JFrog Xray-ServiceNow solution is unique in that it helps DevOps engineers, site reliability engineers (SREs), IT system administrators, and others, more securely build, deploy, run, and monitor applications effortlessly, in a single view. It also enables real-time security alerts and insights with assigned actions across all the tools, people, and processes needed for timely resolution. JFrog Xray & ServiceNow: Delivering Incident Response & Enterprise-wide Workflow Design for Security Incidents Identifying and effectively responding to malicious attacks must transcend business units and operational functions. By improving real-time insight, collaboration, and communication amongst and between enterprise security and IT teams, the JFrog Xray-ServiceNow integrations ensure swift responses to emerging security threats. The JFrog Xray integration with Lightstep Incident Response enables developers, SREs, and Security Administrators to: Monitor, collect and respond to license compliance and security vulnerabilities impacting the software supply chain across all stages of the software development and release lifecycle. Streamline vulnerability response by pulling-in the right team members across the organization for faster remediation. The JFrog Xray Spoke for ServiceNow allows IT operations staff to: Generate violation reports, create ‘ignore rules’, re-scan builds, add custom item properties, and more. Automate workflows that meet audit demands and avoid penalties for improper use of code segments obtained from the open-source community. Identify problems earlier in the application development pipeline and incorporate change management solutions. For more information on the new JFrog Xray integrations for ServiceNow Lightstep Incident Response, read this blog or solution sheet. Further details on the JFrog Xray integration with Spoke can be found in this blog. You can also connect with JFrog and ServiceNow solution experts during swampUP 2022 taking place in San Diego, May 25 - 26, 2022. For more information and to register, visit https://swampup.jfrog.com/. About JFrog JFrog Ltd. , is on a mission to power all the world’s software updates, driven by a “Liquid Software” vision to allow the seamless, secure flow of binaries from developers to the edge. The JFrog Platform enables software creators to power their entire software supply chain throughout the full binary lifecycle, so they can build, secure, distribute, and connect any source with any production environment. JFrog’s hybrid, universal, multi-cloud DevOps platform is available as both self-managed and SaaS services across major cloud service providers. Millions of users and thousands of customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely manage their mission-critical software supply chain. Once you leap forward, you won’t go back.

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SOFTWARE SECURITY

GTT Launches Secure Connect to Enhance Enterprise Cloud Security

GTT | March 23, 2022

GTT Communications, Inc., a leading global cloud networking provider to multinational clients, has announced its new Secure Connect offering to extend and strengthen the protection of the enterprise network connecting to the internet and accessed by users from any location. The new service is based on the SASE framework and integrates with GTT Managed SD-WAN. GTT Secure Connect leverages a single cloud platform for agile and ubiquitous delivery of network security, offering a range of features that include CASB (Cloud Access Security Broker), SWG (Secure Web Gateway), ZTNA (Zero Trust Network Access) and FWaaS (Firewall as a Service) capabilities. GTT Secure Connect addresses the growing requirement for secure access to enterprise resources in an environment characterized by the widespread use of digital technologies, broad adoption of cloud applications and a remote workforce. GTT Secure Connect utilizes a cloud delivery model that provides centralized policy control at a site and user level for improved scalability and extends the security perimeter to any network endpoint. Additionally, the integration of security with the functionality of GTT Managed SD-WAN improves performance and simplifies network management. The comprehensive SASE-based feature set can be tailored to meet individual enterprise requirements for anti-virus, firewall and anti-malware protections, more effective blocking of malicious sites, augmented cloud security monitoring, and prevention of unauthorized access to network resources in a work-from-anywhere model. With GTT Secure Connect, network access is based on user, device and application identity — rather than the physical location or IP address — enabling seamless and secure networking between users, private, SaaS and public clouds, and the enterprise data center. “In an enterprise environment where digital business and the use of cloud applications has become more critical, coupled with the challenge of supporting a hybrid workforce and an intensifying cyber-threat landscape, customers are demanding network integrated security solutions that are comprehensive with an improved user experience. GTT Secure Connect has been designed to meet these customer requirements, leveraging our industry-leading SD-WAN capability combined with state-of-the-art, cloud-based security technologies, delivering a more effective and efficient solution that provides next-generation connectivity and protection managed all in one place.” Don MacNeil, GTT COO According to industry research firm Omdia, only 15 percent of enterprises globally have a fully developed approach to cybersecurity and digital risk. Further research by the firm shows that when SD-WAN is combined with security, enterprises report an extra boost in perceived value over just SD-WAN. “Omdia finds securing networks a consistent area of enterprise concern and investment. Enterprise network transformation needs to address the complexity of securing internet VPNs, cloud applications and a remote workforce,” said Cindy Whelan, practice leader, enterprise network services at Omdia. “GTT’s new Secure Connect brings together network and security, supported by professional services, to help enterprises with their security and performance needs in a period of rapid digital transformation and an intensifying cyber-threat landscape.” The underlying technology platform of GTT Secure Connect is Prisma® Access provided by Palo Alto Networks, an industry leader in global cybersecurity. GTT Secure Connect integrates Prisma Access with GTT’s software-defined networking solutions and global Tier 1 IP network. GTT Secure Connect is complemented by GTT Professional Services, which offers the technical expertise and operational experience to support the complete solution from initial design to installation and ongoing service management. This includes project management, technical management and incident management support. Through EtherVision, GTT’s unified customer management portal, GTT Secure Connect provides customers with the insights and control they need to operate their network and manage their security environment. About GTT GTT provides secure global connectivity, improving network performance and agility for your people, places, applications and clouds. We operate a global Tier 1 internet network and provide a comprehensive suite of cloud networking and managed solutions that utilize advanced software-defined networking and security technologies. We serve thousands of businesses with a portfolio that includes SD-WAN and other WAN services, internet, security and voice services. Our customers benefit from a customer-first service experience underpinned by our commitment to operational excellence.

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PLATFORM SECURITY

SecurityScorecard Joins Snowflake Partner Network

SecurityScorecard | June 23, 2022

SecurityScorecard, the global leader in cybersecurity ratings announced today that it has joined Snowflake's Partner Network, enabling mutual customers to gain instant visibility into their own security posture and that of their third and fourth party software vendors. Catching Third-Party Risks Early Snowflake customers now have access to "call" security data within Snowflake, gaining direct access to SecurityScorecard Ratings data that can be correlated with various systems and processes including third party risk, identity and access and IT asset management to catch potential security risks early and create a unified view. "CISOs need to know the scale and scope of their cyber environment and that includes third and fourth-party vendors that can pose substantial risks to their organization," said Alex Rich, Vice President of Alliances at SecurityScorecard. "The insights gleaned from continuous monitoring with SecurityScorecard ratings data helps Snowflake data cloud customers get a broad view into their Third Party Risk Management, supply chain management, and business intelligence applications with continuous cybersecurity data." SecurityScorecard collects and analyzes global threat signals that give organizations instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating. The Snowflake Partner Network unlocks the potential of the Data Cloud with a broad array of tools and partners. Certified partnerships and integrations enable customers to leverage Snowflake's flexibility, performance, and ease of use to deliver more meaningful data insights. "With SecurityScorecard on the Snowflake Data Marketplace - organizations can now access and use robust vendor risk data directly in their Snowflake account. "Joint customers of Snowflake and SecurityScorecard can now easily combine, enrich, and contextualize vendor risk data with procurement, legal, IT, compliance, and security data, systems, and processes, accelerating the modern CIO and CISO's priority of data-driven, risk-based, and automated security and compliance." Joshua McKibben, Director Security Compliance & Risk Management at Snowflake "Our partnership with SecurityScorecard is delivering customers the detailed cybersecurity ratings data they need to refine and enrich data around numerous different use cases," said Tarik Dwiek, Head of Technology Alliances at Snowflake. "From third party risk and M&A due diligence, to cyber insurance, SecurityScorecard and Snowflake are helping global enterprises better manage their third-party risk management programs." About SecurityScorecard Funded by world-class investors including Evolution Equity Partners, Silver Lake Waterman, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 30,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight.

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Spotlight

Too many enterprises still focus on edge and core security, and underinvest in data security. That’s the wrong approach. Databases hold most of your company’s most sensitive data, and remain the corporate asset most likely to be breached. Learn how modern data security such as data activity monitoring (DAM), analytics, and data

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