CyberRes | March 15, 2022
CyberRes, a Micro Focus line of business, today announced the acquisition of Debricked, a developer-centric open source intelligence company aimed at innovating how organizations secure their software supply chain for today and the future. The addition of the cloud-native software composition analysis platform and AI/ML capabilities further drive CyberRes' strategy in the future of software resilience and DevSecOps. These aligned capabilities, combined with their vision of how developers evaluate, consume, and secure open-source components customized to their organization's need, make Debricked an extremely valuable addition to CyberRes' application security portfolio.
"Nearly 90 percent of companies are developing software using open source components to accelerate their development speed to keep pace with business demands, which comes with accelerated risk," said Tony de la Lama, VP Product Management. "Our aim is to invest in and build solutions that allow organizations to secure their applications while maintaining the speed of development. Debricked is uniquely positioned in the market with their portfolio of solutions to address open source security and adds to an already robust portfolio in CyberRes to secure the software supply chain."
Debricked's SaaS solution enables more intelligent selection of open source while drastically reducing the risks typically associated with it, both core requirements of modern DevSecOps programs. The service runs on state-of-the-art machine learning which enables the data quality to be extremely accurate as well as instantly updated whenever a new vulnerability is discovered. High precision, combined with developer focused UX and unique abilities to customize the service to your company's needs, makes Debricked unique in the world of open source security and positioned for accelerated growth.
"We are excited at becoming a part of Micro Focus and CyberRes. Combining our team with such an industry-leading organization enables us to accelerate Debricked's journey toward our vision of making it easier for companies to use open source securely. We are also excited at the opportunity to present our customers with a full scale, robust security offering."
Debricked CEO and co-founder Daniel Wisenhoff
Key attributes of Debricked technologies include:
Open Source Intelligence: With their latest innovation, Open Source Select, Debricked aims to make searching and comparing open source packages faster. By providing an in-depth analysis of the community health and offering contextualization, developers can make much more informed decisions.
Security Vulnerabilities: Continuously and automatically identify, fix and prevent vulnerabilities in open source dependencies. Scan at every commit and get notified when new vulnerabilities appear.
License Compliance: Ensure and maintain open source compliance with automated and enforceable pipeline rules, along with enabling creation of software bill of materials (SBOMs). Calculate risk levels for your repositories based on intended use.
CyberRes is aimed at building the most complete portfolio that helps enterprises prepare for, respond to, and recover from cyber threats. With this acquisition, Micro Focus continues to show strong commitment and continued investment to Security and the ability to help customers and partners improve their cyber resilience posture. This additional investment includes a series of acquisitions made over the last two years, which strengthen our robust portfolio of security solutions, all focused on delivering business and technical outcomes to support cyber resilience. The latest example of how these investments come together is the recent launch of Galaxy, an immersive cyber threat experience built for CISOs and analysts.
CyberRes is a Micro Focus line of business. We bring the expertise of one of the world's largest security portfolios to help our customers navigate the changing threat landscape by building both cyber and business resiliency within their teams and organizations. CyberRes is part of a larger set of digital transformation solutions that fight adverse conditions so businesses can continue to run today, keep the lights on, and transform to grow and take advantage of tomorrow's opportunities.
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.
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.
Flashpoint | January 13, 2022
Flashpoint, the trusted leader in threat intelligence and risk prevention, today announced it has acquired Risk Based Security (RBS), a Richmond, Virginia-based company specializing in vulnerability and data breach intelligence, as well as vendor risk ratings. The integration of RBS’s collections and technology into the Flashpoint platform offers a wide range of cybersecurity practitioners—including cyber threat intelligence (CTI), vulnerability management, DevSecOps, and vendor risk management teams—the contextual threat intelligence and automation they need to detect, prioritize, and thwart emerging cyber risks rapidly and holistically.
“I am incredibly excited to welcome the RBS team to Flashpoint,This acquisition will enable our clients to rapidly detect critical vulnerabilities before they are widely known, and then automate how they prioritize and remediate these issues. This is a game changer for security teams and represents a vital step towards achieving Flashpoint’s vision of being the single vendor that enterprises can rely on to mitigate all types of security risks and protect critical assets.”
Flashpoint CEO Josh Lefkowitz
Since its founding in 2011, Risk Based Security has partnered with a diverse group of clients, including Microsoft, BlackRock, Northrop Grumman, Swisscom, American Electric Power, Amtrak, and numerous other enterprises across the technology, financial, insurance, and consumer goods sectors. To date, RBS possesses over 90,000 vulnerabilities in its collections that are not assigned CVE IDs and therefore do not exist in the National Vulnerability Database (NVD). RBS’s proprietary technology consistently identifies vulnerabilities before they are commonly known—and maps those vulnerabilities to an enterprise’s software—providing clients with a critical edge and head-start on potential adversaries.
“We’re thrilled to join forces with Flashpoint,” said Jake Kouns, CEO of RBS. “It’s rare to find two organizations so similar in culture with a mutual drive to get things done. Our visions align perfectly, and we are excited to collaborate with them to bring a holistic, risk-based intelligence offering to a broad market.”
AN ASSET-BASED APPROACH TO INTELLIGENCE AND RISK MANAGEMENT
RBS’s extensive vulnerability, data breach, and proprietary vendor risk ratings empower security teams to quickly assess and remediate vulnerabilities based on their unique risk profile—making it the only vulnerability management tool on the market that provides scanless, real-time vulnerability intelligence with vendor and product risk ratings. With this technology, Flashpoint will be able to reveal a customer’s exposure to critical vulnerabilities and supply chain weaknesses, provide contextual awareness into how these vulnerabilities are being exploited by threat actors, and prioritize and automate the actions needed to remediate potential threats.
In light of recent critical vulnerabilities like the highly-publicized disclosure of Log4j, early detection and rapid prioritization of risks is more important than ever. Moving beyond a reactive approach to threats, a combined Flashpoint and RBS solution will drive immediate and differentiated value to all types of security practitioners who are focused on protecting critical assets and infrastructure.
Trusted by governments and the Fortune 500, Flashpoint helps organizations protect their most critical assets, infrastructure, and stakeholders from security risks such as cyber threats, ransomware, fraud, physical threats, and more. Leading security practitioners—including cyber threat intelligence (CTI), vulnerability management, DevSecOps and vendor risk management teams—rely on Flashpoint's intelligence platform to proactively identify and mitigate risk and stay ahead of the evolving threat landscape.
ABOUT RISK BASED SECURITY
Risk Based Security (RBS) provides detailed information and analysis on Vulnerability Intelligence, Vendor Risk Ratings and Data Breaches. Our product, the Risk Based Security Platform, combines VulnDB and Cyber Risk Analytics (CRA), providing organizations access to the most comprehensive security intelligence knowledge bases available, including advanced search capabilities, access to raw data via API, and email alerting to assist organizations in taking the right actions in a timely manner.
NETWORK THREAT DETECTION
SecurityScorecard | April 07, 2022
SecurityScorecard, the global leader in cybersecurity ratings, today announced a Pan-European exclusive distribution agreement with Exclusive Networks, a global cybersecurity specialist for digital infrastructure, to accelerate adoption of security ratings throughout Europe. The partnership, with Exclusive Networks owned specialist value-added distributor Ignition Technology, enables European organisations to instantly rate, analyze and continuously monitor their security risk, to harden their security postures.
"The evolving geopolitical landscape is causing CISOs throughout Europe to reevaluate their cybersecurity postures, requiring them to have greater visibility across their attack surface than ever before. As the threat landscape expands, Exclusive Networks' expertise in helping disruptive cybersecurity solutions like SecurityScorecard breakthrough in EMEA will dramatically scale the number of European organizations that will be able to instantly improve their security postures through much needed data, visibility and insights."
Jan Bau, VP, EMEA Sales, at SecurityScorecard
SecurityScorecard provides comprehensive security ratings, automated assessments, and guidance from industry experts, providing easy-to-understand A-F graded scorecards for improved communication, effective compliance reporting and more informed decision making. The solution allows organisations to automate and accelerate questionnaire exchange with over 20 compliance survey templates and questionnaires at scale.
"Exclusive Networks is focused on meeting customer and partner demand across Europe for the most impactful cybersecurity solutions on the market today," said Sean Remnant, Chief Strategy Officer, Exclusive Networks. "SecurityScorecard provides our network of customers and partners with instant visibility into their security postures and that of their vendors and business partners, to fully understand their true cyber risk."
Exclusive Networks is a global trusted cybersecurity specialist for digital infrastructure driving the transition to a totally trusted digital future for all people and organisations. Located in 43 countries, with the ability to service customers in over 170 countries across five continents, Exclusive Networks has a unique 'local sale, global scale' model, combining the extreme focus and value of local independents with the scale and service delivery of a single worldwide distribution powerhouse.
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. SecurityScorecard is the first cybersecurity ratings company to offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors.