Illumio | May 06, 2022
Illumio, Inc., the Zero Trust Segmentation company, today announced an expanded relationship with IBM Security and a new integration between the companies’ technologies for advanced end-to-end threat detection and response. The integration combines IBM Security QRadar XDR with Segmentation from Illumio to provide pre-attack protections for accelerated detection and automated containment and remediation capabilities to help defend against the impacts of aggressive cyberattacks, including ransomware.
“In 2021, over half of organizations globally reported suffering a ransomware attack that blocked access to critical systems or data,” said Frank Dickson, Program Vice President at IDC. “As ransomware, and the attackers behind it, continues to plague every industry, organizations must act now to bolster cyber and business resiliency. The best way firms can safeguard their organizations is to address the five core elements of a ransomware attack: initial compromise, lateral movement, privilege escalation, data exfiltration and the encryption. Given the complexity and difficulty of the task, security tools should be adaptable, scalable and emphasize real-time visibility to enable real-time action.”
The integration provides customers with enhanced visibility into network traffic and can help limit the potential spread of attacks by segmenting application networks. When an intrusion takes place, an attacker’s external communication and movement throughout an organization’s network can be quickly detected, denied, and analyzed with the help of Illumio and QRadar SIEM. This centralized visibility and analysis can help with the detection of threats and ransomware that moves, often undetected, throughout organizations. Beyond detection, Illumio’s integration with QRadar SOAR enables incident responders to activate Illumio’s emergency ransomware containment controls in near real time, helping them to reduce the impact of ransomware and accelerate the eradication and recovery process.
“The onslaught of ransomware attacks demands end to end visibility, advanced analytics and automated actions based on an open platform – which are the foundational elements on which QRadar XDR was designed. “By leveraging its open architecture and segmentation platforms like Illumio, QRadar XDR helps customers achieve early detection, orchestration, and rapid, automated response to ransomware and other fast-moving attacks.”
Chris Meenan, VP of Product Management at IBM Security
“In February 2022, the Cybersecurity and Infrastructure Security Agency reported ransomware incidents against 14 of the 16 U.S. critical infrastructure sectors, which signals the urgent business resilience risk it poses,” said John Skinner, VP, Business Development at Illumio. “Not only is ransomware today becoming more sophisticated and targeted, but incident rates are climbing. Successful detection and response depends on segmentation aligned with Zero Trust principles to isolate and stop ransomware before it spreads. Together, Illumio and IBM Security are empowering organizations to minimize the business impact of devastating attacks by combatting known risks at every phase.”
Illumio, the Zero Trust Segmentation company, prevents breaches from spreading and turning into cyber disasters. Illumio protects critical applications and valuable digital assets with proven segmentation technology purpose-built for the Zero Trust security model. Illumio ransomware mitigation and segmentation solutions see risk, isolate attacks, and secure data across cloud-native apps, hybrid and multi-clouds, data centers, and endpoints, enabling the world’s leading organizations to strengthen their cyber resiliency and reduce risk.
Covail | December 23, 2021
Covail, a Columbus-based cybersecurity and digital optimization firm founded by Central Ohio’s largest companies, is being acquired by a leading Managed Detection and Response firm.
Covail announced today that it has agreed to be acquired by cybersecurity and managed detection and response (MDR) services provider GoSecure. The transaction is estimated to close in December 2021. Terms of the acquisition were not disclosed.
“Since our founding six years ago as the Columbus Collaboratory, our goal has been to find ways to leverage collaboration to deliver successful AI, cybersecurity and cloud-based software solutions to our Fortune 500 clients,With this acquisition by GoSecure, our clients will now have access to an even broader set of capabilities and expertise thanks to our ability to leverage GoSecure’s class-leading capabilities and solutions. This will also help to further accelerate market penetration for our leading-edge security products and AI capabilities.”
Covail CEO Matt Wald
Covail, as Columbus Collaboratory, was born out of the aspiration of seven of the largest companies in central Ohio – American Electric Power (AEP), Battelle, Cardinal Health, Huntington Bank, L Brands (now Bath & Body Works), Nationwide, and OhioHealth – in partnership with One Columbus. The goal of the endeavor was to solve common automation, AI, and cybersecurity challenges across multiple industries. “The diversity and maturity of these founding companies made Covail the innovative, value-driven, solutions partner that it is today”, said Michael Krouse, SVP of Strategy and Transformation at Ohio Health and Chairman of the Covail Board. “Covail accelerated the cybersecurity and AI capabilities of the founding companies, upskilled critical tech talent for the region, and built a high-growth company that contributed to our region’s economic growth engine. It’s exciting to be able to leverage this strategic relationship to secure Columbus as the Midwest’s premier cybersecurity hub.”
Through its ecosystem of collaborators and commercial partners, Covail’s technology teams executed over 1,000 engagements and collaboration sessions that solved complex business challenges using machine learning and the latest cyber defense practices. The firm’s work attracted top technology talent to the region, Wald said, and led to the development of software products that enabled advanced cyber threat detection and continuous risk management.
GoSecure is a recognized cybersecurity leader and innovator. The company is the first and only to integrate endpoint, network and email threat detection into a single Managed Detection and Response (MDR) service.
GoSecure plans to leverage Covail’s talent, proprietary technology, and client relationships to build a regional presence in Central Ohio that will help accelerate its momentum in the US market. GoSecure’s access to technology talent and partnerships made Columbus an attractive, economically viable location for a cybersecurity hub, Wald said.
Wald said partnership with the original companies in the Covail firm will continue, along with an expansion to additional businesses with the goal of making Central Ohio a major U.S. cybersecurity operations center.
Covail™ is a trusted solutions partner, enabling organizations to optimize through Intelligent Operations solutions that lower total risk and cost for key business functions, equipping them to transform from a position of strength. Since 2015, Covail’s experts in Cybersecurity, Artificial Intelligence (AI), and Automation have been delivering business results for leading Fortune 500 companies across industries. Trustworthy, Intelligent Operations. Accelerated. Learn more at covail.com.
GoSecure is a recognized cybersecurity leader and innovator, pioneering the integration of endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure TitanTM platform delivers predictive multi-vector detection, prevention, and response to counter modern cyber threats. Titan MDR offers a detection to mitigation speed of less than 15 minutes, delivering rapid response and active mitigation services that directly touch the customers’ network and endpoints. For over 10 years, GoSecure has been helping customers better understand their security gaps and improve their organizational risk and security maturity through MDR and Advisory Services solutions delivered by one of the most trusted, skilled and experienced teams in the industry.
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.
ColorTokens | April 06, 2022
ColorTokens Inc., a leading innovator in autonomous Zero Trust cybersecurity solutions, announced the launch of its new product, Xcloud. Xcloud's agentless, automated, and deep scanning technology finds the most elusive threats across cloud and container environments fast and without disruption. Xcloud combines vulnerability management, malware detection, and compliance monitoring all in one platform, saving time, resources, and cost. Customers worldwide can now gain access to Xcloud directly from AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Today's enterprises are leveraging cloud technologies at a hyper-scale. According to the Gartner® Hype Cycle™ for Cloud Security, 2021, "By 2023, 70% of all enterprise workloads will be deployed in cloud infrastructure and platform services, up from 40% in 2020. By 2025, more than 99% of cloud breaches will have a root cause of preventable misconfigurations or mistakes by end-users."
To address the unique challenges of cloud security — shortages of skilled staff, tools not designed for the cloud, limited or no visibility, and the inability to control cloud security — enterprises need simple, fast, agentless, and autonomous tools to provide the support they need.
"In today's cloud era, it is widely embraced that cloud environments require agentless tools. But current tools for cloud security follow a fragmented approach, and these siloed point security tools cannot deliver end-to-end visibility on the comprehensive security posture of the enterprise business," says Rajesh Khazanchi, chief executive officer of ColorTokens. "ColorTokens now uniquely solves enterprise cloud security challenges, combining Xcloud with our comprehensive platform to bring unparalleled risk visibility, essential insights, and automation into the risks that threaten cloud and container environments."
With nothing to install, deploy, or configure, Xcloud keeps you secure automatically. Xcloud uniquely allows security teams to find and fix the deepest risks in their cloud:
Uncover more critical risks. Xcloud's ShadowScan™ dives deeper into workloads and containers at the OS level to detect vulnerabilities and risky configuration issues that are often missed. ShadowScan™ creates and scans a complete replica of workloads to eliminate disruptions, downtime, and impact to applications.
Prevent supply chain attacks. Xcloud's ChainScan™ uncovers hidden vulnerabilities in critical application libraries and scans container and cloud workloads for all software dependencies. This allows enterprises to identify the risks introduced in third-party packages throughout their entire application software supply chain.
Detect the latest threats. Xcloud automatically tracks the latest vulnerabilities and malware from multiple threat intelligence and vulnerability sources. Every security scan of environments uses a real-time database to find the latest threats so businesses can continuously detect and remediate new threats.
"When compared to the two other leading solutions in the cloud security market, ColorTokens' Xcloud uniquely delivers brilliant ease of use and unmatched deep visibility into the cloud," says Harish Akali, CTO of ColorTokens.
"As a result of Xcloud's automated, agentless, customer-obsessed approach, combined with its availability in AWS Marketplace, Xcloud delivers instantaneous onboarding and results and without any disruption."
Ravi Pattabhi, VP of cloud security at ColorTokens
To access Xcloud today, visit ColorTokens in AWS Marketplace.
ColorTokens Inc. is a leading innovator in SaaS-based Zero Trust cybersecurity solutions that provides global enterprises with a unique set of products and services for securing applications, data, and users across cloud and hybrid environments. Through its award-winning Xtended ZeroTrust™ Platform and context-aware machine learning-powered technologies, ColorTokens helps businesses accurately assess and improve their security posture dynamically.