DATA SECURITY

New CyberCube Scenarios Aid the Cyber Planning of Lloyd's Syndicates

businesswire | January 21, 2021

CyberCube has refreshed its information driven insightful programming to flawlessly empower guarantors to evaluate misfortunes to situations that Lloyd's has given to partners for the forthcoming March information assortment cutoff time.

These situations are utilized to answer to Lloyd's on how their arrangement of business would be influenced by major digital occasions.

CyberCube has presented the three situations for practical digital fiascos as a component of its Portfolio Manager item, which is utilized by hazard transporters.

The three situations, which CyberCube planned related to Lloyd's Underwriting group, Lloyd's market specialists and Guy Carpenter, are:

- a cloud blackout

- a force or foundation blackout

- a significant malware assault

The Lloyd's Market Association's Cyber Risk Strategy Group has additionally been vigorously engaged with building up the situations in the course of recent months.

By dissecting how their arrangement of protection chances are influenced by these situations, the Lloyd's market can survey each coordinate's monetary flexibility and that of the market in general. The situations additionally uncover the most cutting-edge danger scene and related digital dangers that cause critical gatherings of misfortunes.

The three digital situations, which will in future be remembered for Lloyd's formal Realistic Disaster Scenario (RDS) structure, will assume a significant part in organizations' business arranging measures. They mark the market's most complex digital examination exercise to date.
Pascal Millaire, CyberCube’s CEO, said: “Lloyd’s syndicates have long been leaders in the global cyber insurance market and so it is no surprise that the Lloyd’s market is also taking a leadership role amongst regulators in thoughtfully measuring cyber exposure accumulation. We’re thrilled to be able to help Lloyd’s syndicates with this exercise using our platform.”

Kirsten Mitchell-Wallace, Lloyd’s Head of Portfolio Risk Management, said: “The Lloyd’s market is a global leader in cyber insurance so understanding and controlling exposure to this class of business is critical. Cyber is a rapidly evolving risk that demands scrutiny at both syndicate and market level: the use of scenarios helps Lloyd’s to achieve this.”

Siobhan O’Brien, Managing Director and Head of Guy Carpenter’s International Cyber Centre of Excellence, commented: “This is a very important piece of work for the broader RDS framework. The findings of the study will prove valuable not only for Lloyd’s syndicates but also for the wider insurance industry in helping to address some of the most challenging aspects of cyber risk that impact multiple lines of insurance.”

CyberCube's Portfolio Manager is a digital danger fiasco model that permits guarantors to see how their book of business would be influenced by a progression of digital dangers. The model has not been closed down by Lloyd's yet is broadly utilized on the lookout.

Deviations should be accounted for to Lloyd's and any inquiries with respect to the assortment time frame (January 8 to March 31) ought to be tended to in the main example to Lloyd's.

About CyberCube

CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of points of technology failure.

The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners and backing from ForgePoint Capital, HSCM Bermuda, MTech Capital and individuals from Stone Point Capital.

Spotlight

The number of affected patient records almost tripled from Q1 2018 to Q2 2018. Why Is It Happening? High value healthcare records - Personally Identifiable Information (PII) at 408$ per record - Highest Across Industries! 78% of healthcare staff lacked proper data privacy and security awareness. High Value of Intellectual Property.


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DATA SECURITY, NETWORK THREAT DETECTION, PLATFORM SECURITY

AwareGO Launches Employee Cybersecurity Risk Audit for Organizations

AwareGO | October 17, 2022

Human cyber risk management and awareness company AwareGO announced today that during the National Cybersecurity Awareness Month, the company launches its long-awaited full Employee Cybersecurity Risk Audit and consultation. “Today, around 90% of all successful cybersecurity attacks involve employees enabling the break-in. It is therefore critical for anyone responsible for an organization's cybersecurity to have a clear picture of what employees know and how they behave in the face of potential threats. Only then is it possible to effectively respond with training or other risk-reducing approaches.” said AwareGO Chief Executive Officer Ari Jonsson, Ph.D. “AwareGO's Human Risk Assessment software is the first of its kind when it comes to measuring both the knowledge and the behavior of employees for a broad range of cybersecurity threats, going far beyond just phishing. This capability is allowing us to now launch our full-service Employee Cybersecurity Risk Audit for organizations. In this audit, our cybersecurity experts work directly with individual organizations to set up the appropriate assessment, execute it, evaluate the outcome and map that to effective risk-reducing decisions.” AwareGO is renowned for its industry-leading Human Risk Assessment and its uniquely effective approach to security awareness training. Created by cybersecurity experts, behavioral scientists and interaction designers, the Human Risk Assessment uses interactive scenarios to assess employees across a wide range of threat areas and key behaviors. The resulting dashboards and reports help identify vulnerable departments and roles, and offer actionable insights to create informed security strategies to improve any organization’s overall cyber defense and reduce cybersecurity risks. The Employee Cybersecurity Risk Audit is designed to apply the capability of the Human Risk Assessment as effectively and as efficiently as is possible for client organizations, so that they may quickly identify vulnerabilities among their employees and address them right away. The audit is conducted by AwareGO experts who will work with clients through the entire process. The first step is to work with the client to determine the scope and priorities for the audit, based on company structure, risk profile, security stance and more. Then, the employees will be assessed across six different threat areas: phishing; passwords; sensitive data handling; device handling; physical security; and remote work. When that has been completed, our experts deliver a detailed report on the results and consult with the client to identify potential next steps to reduce vulnerabilities, as well as to develop an informed cybersecurity strategy for the future — backed up by data. Organizations interested in the Employee Cybersecurity Risk Audit can schedule a 15-30 minute call with AwareGO through this web page to learn more about the process and to get a price quote based on the expected scope of the project for their case. About AwareGO AwareGO is a global provider of human cyber risk and awareness solutions that help enterprises, and SMEs identify, quantify and remediate the human risk factor when it comes to cybersecurity. To date, AwareGO has successfully trained more than 8 million employees worldwide. Based in Iceland, the company has locations in the United States, Czech Republic, and Croatia.

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DATA SECURITY, ENTERPRISE IDENTITY

Cybeats Announces Partnership with Veracode, an Industry-Leading Application Security Firm

Cybeats | September 29, 2022

Cybeats Technologies Inc., a leading software supply chain risk and security technology provider announces a strategic partnership with Veracode, a leading global provider of application security testing solutions. The partnership will leverage complementary expertise to ensure customers receive the highest standard of cybersecurity solutions. Cybeats' software supply chain security product, SBOM Studio, will be available to customers through Veracode Partners, and the companies will explore joint commercial opportunities. Once generated within the Veracode Continuous Software Security Platform, a Software Bill of Materials (SBOM) can enable greater software security by offering a full inventory of the third-party components used within an application. Cybeats SBOM Studio is an enterprise-class solution that helps companies understand and track third-party components that are an integral part of their own software. Veracode will provide advice and guidance around the commercial deployment of SBOM Studio within its existing customer base. The partnership aims to enable both companies to continue to expand their existing presence in the global cybersecurity market. Through this alliance, the companies' joint customers will be able to maximize their technology investments and procure, develop, and deploy secure software, while reducing the risk of a security breach resulting from weak links in their software supply chain. "As a Veracode Elite Technology Alliance Partner, Cybeats brings additional expert solutions to the frictionless developer experience already offered by our Continuous Software Security Platform," said Laurie Haley, Vice President of Strategic Alliances at Veracode. "By complementing our existing software composition analysis capability, Cybeats' integrated solutions will allow customers to maximize SBOM (Software Bill of Materials) utility and simplify their workflow for greater ROI." "We are honoured to partner with Veracode to expand each other's presence in the global cybersecurity market. As the cyber risk related to software supply chain attacks continues to mount, deep visibility and universal transparency using SBOMS is necessary for resilient cybersecurity defense." Yoav Raiter, CEO, Cybeats "In this modern era of rapid development, the importance of time to market and automation is paramount. Together, Veracode and Cybeats offer a substantial contribution to enabling our customers to align with the SBOM market needs and seamlessly support practices mentioned in SSDF NIST 800-218 framework without increasing the overhead on their development and product security teams," said Dmitry Raidman, CTO, Cybeats Through a single, centralized platform offering comprehensive visibility into vulnerabilities using all software security testing types, Veracode delivers one of the industry's only cloud-native solutions that allows partners to onboard quickly and seamlessly, so companies can securely move AppSec to the cloud. As a result of this partnership, Veracode can easily integrate the full breadth of Cybeats' software solutions into their customers' environments. The partner program provides market-leading solutions and services to get partners up and running straight away, with minimal impact to their existing business. Cybeats SBOM Studio SBOM Studio provides organizations with the capability to efficiently manage SBOM and software vulnerabilities, and provides proactive mitigation of risks to their software supply chain. Key product features include robust software supply chain intelligence, universal SBOM document management and repository, continuous vulnerability, threat insights, precise risk management, open source software license infringement and utilization, and secure SBOM exchange with regulatory authorities, customers and vendors, at reduced cost. About Cybeats Cybeats is a leading software supply chain intelligence technology provider, helping organizations manage risk, meet compliance and secure software from procurement, development through operation. Our platform provides customers with deep visibility and universal transparency into their software supply chain, as a result enables them to increase operational efficiencies and revenue. Cybeats. Software Made Certain.

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DATA SECURITY, SOFTWARE SECURITY

Accenture Named a Leader in European Managed Security Service Providers by Independent Analyst Firm

Accenture | September 13, 2022

Accenture has been named a Leader in the latest Forrester Research report on European managed security service (MSS) providers, which notes that Accenture sets itself apart from the rest of the market by the way in which it develops assets that are embedded in its services for the benefit of clients. The report — "The Forrester Wave™: European Managed Security Service Providers, Q3 2022" — includes a comprehensive 39-criteria assessment of the top 10 cybersecurity consulting providers across three high-level categories: “Current Offering”; “Strategy”; and “Market Presence.” Client references and buyer feedback were also factored into each criterion evaluated in the report. Accenture received the highest score in the Current Offering category among competitors evaluated, with the highest possible score in twelve criteria, including: data sovereignty and European service delivery; managed application security; business and technical value; product vision; execution roadmap; innovation roadmap; and partner ecosystem. The report says that: Accenture stands out for its vision roadmap, with several planned items focusing on emerging CISO [chief information service officer] needs for managed services providers. Accenture also continues to set the standard for strong partnerships to drive unique technology and services IP. When noting how Accenture sets itself apart by developing assets that are embedded in services for clients, the report said that one particularly strong example of this was its Intelligent Application Security Platform (IASP), which delivers significant value for developers within its application security services. Reference customers praise the flexible personnel, highly competent technical staff, and strong partnership approach. Accenture is a good match for customers who want end-to-end security capabilities that deliver a wide array of managed services. “We’re on a mission to make cybersecurity a priority for business leaders in Europe, and our managed security services team can help clients navigate the challenges. “It’s an honor to be recognized for our work helping clients build better defenses and strengthen their cybersecurity capabilities. Because cyber risk is a constantly moving target, we help our clients identify not only existing threats but also emerging threats to their enterprises.” Jacky Fox, who leads Accenture Security in Europe In addition to being named a Leader among European MSS providers by Forrester, Accenture was recently named the No. 1 cybersecurity service provider by HFS Research and positioned as a Leader in the latest IDC MarketScape analysis of managed security services (MSS) providers in Europe. In 2021, Accenture was positioned as a Leader in two Forrester reports on cybersecurity: The Forrester Wave™: Global Cybersecurity Consulting Providers, Q4 2021 and The Forrester Wave™: European Cybersecurity Consulting Providers, Q3 2021. More information on Accenture in “The Forrester Wave™: European Managed Security Service Providers, Q3 2022” report can be found here. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Noname Security Announces Ambitious EMEA Channel Strategy to Capitalise on Accelerating Demand for API Security

Noname Security | November 02, 2022

Noname Security, the leading API security company, today shared its EMEA channel strategy, which builds on significant momentum achieved in the past six months and is led by Ides Vanneuville, recently appointed EMEA Channels & Alliances Director. Vanneuville is an experienced leader in the cybersecurity market with a strong track record in cybersecurity and solutions engineering, having held a number of senior positions at organisations such as Palo Alto Networks, Nutanix, and Aviatrix. Demand for API security solutions is accelerating throughout EMEA as businesses continue to transition to public cloud and are increasingly adopting cloud-native development strategies. High-profile API breaches have underlined the critical nature of API security and the need for advanced solutions such as the Noname API Security Platform that accelerate digital transformation while addressing API security risks and vulnerabilities. This offers a new and growing market for established cybersecurity resellers and new entrants alike. "I am excited to join Noname Security at a time when the channel is transforming to meet growing demand for the powerful yet easy-to-use API security that our platform delivers," comments Vanneuville. "We are building productive partnerships with traditional cybersecurity companies seeking to expand their offering into the DevSecOps market, along with the innovative application-centric resellers that are carving out opportunities in this space." Noname Security operates a 100% indirect sales model, and its channel strategy focuses on building out presence across EMEA by securing key partnerships with a range of cybersecurity resellers, consultancies, systems integrators, and distributors. Since March 2022, Noname Security has signed new partnerships with Oblivion, part of Xebia (Netherlands, Denmark & Germany), NewGens Pte (Singapore, Malaysia, Indonesia and Thailand), CyberGate Defense (UAE), Evanssion (Middle East & Africa), Aditinet (Italy), iSOC24 (Benelux) and HighPoint (UK & NL) . These partners join a diverse group of existing partners across Europe, the Middle East, and Africa. These partners will be supported by Noname Security's global partner program, which provides the resources they need to address key customer pain points in their region and build sizable revenue opportunities in the API security market. The program is tailored to reflect the variations in maturity and background of the API security market in each geographic area. "API security is a rapidly evolving area that wraps around the ways APIs are being used in different territories," adds Vanneuville. "For example, the increase in open banking in emerging regions like Turkey is driving demand for API security in that region, and we have new Noname Security partners in place to meet that need. Similarly, the booming m-commerce market in Africa is a valuable target for our partners to focus on. Our program helps partners target these key vertical markets and build a reputation for excellence." API Security Workshops Provide Essential Partner and Market Education Noname Security is running a series of workshops to educate the market and channel partners about the importance of protecting APIs against attacks and how to go about it. These are currently available, both virtually and in-person in a variety of worldwide cities, and will help Noname's channel partners as well as their end-users to understand: The underlying security risks when deploying APIs Emerging threats facing applications and APIs Techniques used to exploit vulnerable APIs How Noname Security monitors API traffic for anomalies. "These educational workshops form an important part of Noname's go-to-market strategy," concludes Vanneuville. "An educated market is a receptive market, and with these workshops we aim to ensure that customers and partners fully understand the urgency of securing APIs in order to protect core revenue streams against disruptive attackers. This is a relatively new area, but one that is of critical importance for the success and stability of modern enterprises as the cloud transition continues and born-in-the-cloud businesses ramp up innovation and expansion." About Noname Security Noname Security is the only company taking a complete, proactive approach to API security. Noname works with 20% of the Fortune 500 and covers the entire API security scope across three pillars: posture management, runtime security and API security testing. Noname Security is privately held, remote-first with headquarters in Palo Alto, California, and offices in Tel Aviv and Amsterdam.

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Spotlight

The number of affected patient records almost tripled from Q1 2018 to Q2 2018. Why Is It Happening? High value healthcare records - Personally Identifiable Information (PII) at 408$ per record - Highest Across Industries! 78% of healthcare staff lacked proper data privacy and security awareness. High Value of Intellectual Property.

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