Thrive | May 20, 2022
Thrive, one of the leading Managed Security Services Providers (MSSPs) in the world, has made a significant investment to upgrade their 24x7x365 eyes-on-glass Security Operation Center (SOC) by integrating a Security Orchestration, Automation, and Response (SOAR) engine. The SOAR capabilities will enable the Thrive global security team to better navigate today's complex, risk-laden environment for clients via tool aggregation and coordinated response, unified operations, reduced alert fatigue, and Artificial Intelligence (AI). This will result in a significant reduction of incident response times for client threats and provide higher quality information for the Thrive SOC to combat intricate cyber risks in real time.
By 2025, the amount lost to cyber theft is expected to reach $10.5 trillion annually, which is the single greatest transfer of wealth in history, according to a report from AT&T. These glaring statistics indicate why cybersecurity has become imperative in the world of commerce.
"Cybersecurity threats and vulnerabilities are constantly multiplying, due to not only more sophisticated social engineering but also a rise in micro-ransomware incidents, That means vigilance against attacks of all kinds must also evolve. Incorporating a SOAR into our robust global security operations unit will allow Thrive clients to have a stronger defense system in place against cybersecurity attacks and enable our team to respond more expeditiously to any issues should they arise."
Mike Gray, CTO of Thrive
Thrive's integrated managed cybersecurity solutions provide a proactive and expert approach to security management for identifying and remediating security issues. Powered by next-gen technology, proven frameworks and service-driven experts, Thrive's unified cybersecurity platform enables Thrive's 24x7x365 SOC to automatically address critical security issues without client intervention. By creating a stress-free experience that solves for the technical complexity and talent shortage mid-market enterprises face, Thrive's cybersecurity solutions fortify the digital transformation initiatives that propel business growth.
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company's Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application achieves peak performance, scale, uptime, and the highest level of security.
SecurityScorecard | December 21, 2021
SecurityScorecard, the global leader in cybersecurity ratings, today released a new report on the U.S. shipping industry, "Proactive Security Measures for Global Maritime Shipping." The research found that high severity cyber vulnerabilities pose a big risk to U.S. maritime security, especially ahead of a busy holiday season.
In December 2021, SecurityScorecard conducted an analysis of the cybersecurity health of 100 global shipping container companies compared to the Forbes Global 2000 companies, finding that:
Overall, the cybersecurity risk posture of the shipping industry was better than the Forbes Global 2000, but the shipping industry did not perform higher in every risk group factor
The largest risks to the sector include vulnerabilities in application security, irregular patching cadence, and network security
Data breach percentages for shipping container companies increased from 2018 through 2021, indicating that the industry may be an increasingly attractive target for malicious cyber actors during the 2021 winter holiday season
Shipping container companies initially did better than the Forbes Global 2000 until April 2020, when high-profile attacks sank the industry average. Since mid-2020, shipping container companies have continued to struggle to build resilience in their cybersecurity and have not yet returned to their pre-2020 breach scores.
Global supply shortages and shipping disruptions brought on by the COVID-19 pandemic pose a threat to U.S maritime security and threaten to disrupt the holiday gift-giving season. The maritime shipping network, which is responsible for 90% of the global trade, has gone from being a fast and cost-effective system to one plagued by delays, clogged shipping lanes, and exorbitant prices.
"The shipping and maritime industry is already strained and taxed by the pandemic and resulting supply chain backlog,A potential cyber incident in the shipping industry could have catastrophic effects on people and businesses all across the world. This research is a key indicator that the industry should continue to keep a focus on cyber resilience through continuous monitoring."
Aleksandr Yampolskiy, CEO and co-founder of SecurityScorecard
SecurityScorecard continuously monitors millions of entities world-wide, and non-intrusively assesses their security posture across ten risk categories, including DNS health, IP reputation, web application security, network security, leaked information, hacker chatter, endpoint security, and patching cadence. This instantly delivers an easy-to-understand "A" through "F" security rating.
Funded by world-class investors including Silver Lake Partners, 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 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. 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. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.
Contrast Security | May 13, 2022
Contrast Security (Contrast), the leader in code security that empowers developers to secure-as-they code, announced today that it has achieved Amazon Web Services (AWS) DevOps Competency for development, security, and operations (DevSecOps) garnered by demonstrating technical proficiency and proven customer success specializing in DevSecOps. Contrast was selected as one of the official launch partners of the DevSecOps Competency by AWS, which is an extension of the DevOps category.
Achieving the AWS DevOps Competency for DevSecOps differentiates Contrast Security as an AWS Partner with deep domain expertise in delivering software products that integrate security across every stage of the development and delivery cycles, including pre-, during, and post-deployment. Contrast Security is part of a small group of innovative security technologies to achieve the AWS DevSecOps Competency in its inaugural year.
"We're honored to achieve AWS DevSecOps Competency status on top of the DevOps Competency status that we received last year. It is a true testament to our efforts in helping large enterprises ensure security and compliance across the entire lifecycle of their web applications and APIs running on AWS. We're looking forward to expanding our AWS capabilities so that organizations garner continuous visibility and centralized point-of-control for software risk through a single platform."
Surag Patel, Chief Strategy Officer at Contrast Security
By using instrumentation technology, Contrast Security is embedding self-assessment and self-protection capabilities directly into AWS applications during run-time. This enables DevSecOps teams to detect accurate code-level vulnerabilities (both custom code and open source libraries) in development and quality assurance (QA) environments, and monitor and block production applications from threats and attacks in real-time.
Envestnet | Yodlee, the leading data aggregation and data analytics platform, helps consumers live better financial lives through innovative products and services created for more than 1,400 financial institutions and financial technology (FinTech) companies. The company revolutionizes financial services with its intelligent APIs, innovative applications, and advanced analytics products. With the help of Contrast Security and AWS, the company was able to seamlessly integrate new applications and accelerate its time-to-market. The AWS offerings have helped Envestnet | Yodlee launch products to market quickly and effectively. By implementing Contrast as part of their DevSecOps initiatives, Envestnet | Yodlee further secured its financial software solutions and by adopting a DevSecOps methodology, security and development teams are jointly responsible for bolstering security by essentially bringing development and operations together.
"Envestnet | Yodlee requires an application security framework that is repeatable, scalable, and can find and remediate vulnerabilities by using the best software security solutions," said Saran Makam, Director of Application Security at Envestnet | Yodlee. "My team chose Contrast Security because their solution was well received by our development and security teams and because it works continuously and in real-time."
About Contrast Security
Contrast Security secures the code that global business relies on. It is the industry's most modern and comprehensive Code Security Platform, removing security roadblock inefficiencies and empowering enterprise developers to write and release secure application code faster. Embedding code analysis and attack prevention directly into software with instrumentation, the Contrast platform automatically detects vulnerabilities while developers write code, eliminates false positives, and provides context-specific how-to-fix guidance for easy and fast vulnerability remediation. Doing so enables application and development teams to collaborate more effectively and to innovate faster while accelerating digital transformation initiatives. This is why a growing number of the world's largest private and public sector organizations rely on Contrast to secure their applications in development and extend protection to cloud and on-premise applications in production.
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.