DATA SECURITY

With $15 Million Series A Funding, Symmetry Systems to Ramp Up Hybrid-Cloud Data Security

Symmetry Systems | June 24, 2021

A well-known provider of cutting-edge Data Store and Object Security (DSOS), Symmetry Systems, has announced a $15 million Series A funding round. ForgePoint Capital and Prefix Capital lead it. They are two premier venture funds, who are investing in transformative and foundational technologies. The investment will back the rapid growth of the company in customers, revenue, and employees.

This newest funding round also highlighted participation from Symmetry Systems and Accenture Ventures is now part of their Project Spotlight, its engagement, and investment program that attaches developing technology software startups with the Global 2000 to fill planned modernization gaps. Moreover, this round comprises leading practitioners, such as Omkhar Arasarathnam, Engineering Director at Google Cloud; Sameer Sait, Chief Information Security Officer at Amazon-Whole Foods; David Tsao, VP of Security Engineering at Marqeta; Tom Gonser, Founder of DocuSign; and Bob Gleichauf, EVP at InQTel and ex-CTO at Cisco.

Today, data spans across object stores, databases, and data lakes in today's hybrid cloud environment. As a result, developers, users, contractors, and supply-chain vendors all get information via a web of applications and roles. Flagship solution, DataGuard,  of Symmetry Systems provides combined discernibility into data objects across all data stores,

About Symmetry Systems

Symmetry Systems delivers purpose-built Object Security (DSOS) and Data Store to provide complete visibility and combined access control. Born from the award-winning Spark Lab at UT Austin, Symmetry Systems DataGuard upholds power over data when all else fails, be it exploited insider identifications, malicious applications, or false positives in safety operations tools. Backed by foremost security investors Prefix Capital, DataGuard,  and ForgePoint Capital was built with and for the most challenging security teams in healthcare, finance, and the US government.

Spotlight

With constantly changing threat landscape and evolving technologies, it is difficult for organizations to keep pace with a sheer volume of sophisticated threats. Outdated software, lack of security solutions, and unmanaged devices can make the organization vulnerable to cyber-attacks. As new security threats continue to increase and evolve, it’s imperative for the organization to ensure security and compliance posture. Moreover, the operational activities take away the focus from IT teams to core business and strategy functions within the organization.


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SOFTWARE SECURITY

Whistic Announces Support of Google’s Minimum Viable Secure Product Framework

Whistic | May 23, 2022

Today, Whistic, the proactive vendor security network for both buyers and sellers, announced support for the Minimum Viable Secure Product (MVSP) framework, a security baseline developed by Google in a collaborative effort with Okta, Slack, and Salesforce. Until the introduction of MVSP, there was no commonly accepted baseline available among security professionals that indicated the importance of security controls. With MVSP, vendors can demonstrate to their customers that they are meeting, at a minimum, the baseline of security as outlined by some of the industry’s top security professionals. “We believe a vendor-neutral security baseline is an important step in establishing minimum acceptable security requirements for enterprise software and services. “By assuring enterprise solutions include the core security building blocks, we can work to reduce third-party risk, and promote security as a key part of the product development lifecycle.” Chris John Riley, Senior Security Engineer at Google Vendors that utilize Whistic to share security documentation via the MVSP help streamline and accelerate the security review process for their customers, helping them to rapidly understand the vendor’s security posture. “Enabling companies to showcase their security posture using the MVSP and other industry frameworks is a key step toward ensuring transparent relationships between vendors and their customers,” stated Nick Sorensen, Whistic CEO. “In addition to announcing support of MVSP, we recently launched Whistic Basic Profile that enables any business regardless of size to proactively share their security posture with customers and publish it to the Whistic Vendor Security Network for free.” Basic Profile allows vendors to self-assess against industry standard frameworks, including MVSP. It also includes a limited number of Profile shares, and the ability to publish to the Whistic Trust Catalog, enabling Whistic customers to conduct Zero-Touch Assessments of the vendor’s security posture. “Okta has already added MVSP to our Whistic Profile and we look forward to seeing more and more of our vendors adopt this baseline in their Profiles,” said Gen Buckley, Director, Customer Assurance Customer Trust at Okta Security and founding committee member of MVSP. “We are always looking for ways to streamline our vendor security reviews and drive a more secure ecosystem, and MVSP helps accomplish that while also promoting transparency and collaboration between vendors and customers.” Marat Vyshegorodtsev, Enterprise Security JAPAC representative at Salesforce adds, “Organizations of all sizes often purchase dozens of software products managed by third parties. The onboarding process alone can take weeks or months, especially when it comes to vetting the security posture for each. MVSP helps solve this—it standardizes this process and eliminates overhead, complexity, and confusion for both parties while ensuring the minimum-security requirements.” About Whistic Located in the heart of the Silicon Slopes in Utah, Whistic is the network for assessing, publishing, and sharing vendor security information. The Whistic Vendor Security Network accelerates the vendor assessment process by enabling businesses to access and evaluate a vendor’s Whistic Profile and create trusted connections that last well beyond the initial assessment. Make security your competitive advantage and join businesses like Airbnb, Okta, Betterment, and Atlassian who are leveraging Whistic to modernize their vendor security programs.

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DATA SECURITY

Futurex Named a Leader in Hardware Security Modules by ABI Research

Futurex | February 25, 2022

Futurex receives top scores for cloud HSM service and strong cloud integration, extensive payment HSM platform, richest features, customer flexibility BULVERDE, Texas, February 24, 2022 — ABI Research, global technology intelligence firm, today named Futurex a leader in hardware security modules (HSMs). In its latest Hardware Security Module: OEM competitive assessment report, ABI Research gave Futurex, a leader in enterprise-class data security solutions, high scores for its cryptography-as-a-service options, extensive payment HSM offerings, rich features, hybrid deployment options, and customer flexibility. “The HSM market is changing rapidly. This is propelling highly flexible HSM offerings that can scale easily and adapt quickly to emerging demands,” the report by ABI Research reads. “Futurex showcases an extensive payment HSM platform with strong cloud integration and service availability, enabling it to carve itself a particularly successful niche in the HSM market which it is actively expanding.” “We are honored to be recognized by ABI Research as a leader in the HSM space,” said Ryan Smith, vice president, global business development, at Futurex. “Our four decades of HSM R&D, in-depth knowledge of enterprise security needs, and being the first in industry to offer cryptography-as-a-service, have made us the trusted HSM partner for the world’s largest enterprises.” Putting Innovation and Customers First ABI Research’s report highlights Futurex’s commitment to innovation by recognizing the operational flexibility and application versatility its HSMs have to offer. The report also noted that Futurex is the only company offering the same suite of features with its cloud HSM as with its on-premises hardware. With multiple payment HSM vendors currently going through end-of-life processes with their HSMs, organizations are looking for options including migrating their infrastructures to the cloud without changing any application code. As organizations look for robust security while optimizing costs with OPEX models, many turn to Futurex’s VirtuCrypt Cloud Payment HSM for their cryptographic needs. About Futurex For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit futurex.com.

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SOFTWARE SECURITY

Guidepost Solutions Acquires Significant Equity Interest in Cybersecurity Solutions Firm Truvantis, Inc.

Guidepost Solutions LLC | March 29, 2022

Guidepost Solutions LLC, a global leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting, announced that it has acquired a significant equity stake in Truvantis, Inc., a cybersecurity company formed in 2010. Truvantis provides best-in-class cyber and privacy services to secure infrastructure, data, operations, and products. This strategic partnership allows both Guidepost and Truvantis to offer a wide-ranging suite of cybersecurity solutions and consulting services, at a time when cybersecurity risks are evolving and affecting all business operations. Truvantis is led by its founder and CEO, Andy Cottrell. With more than 25 years of experience in IT and cybersecurity, Cottrell has designed and implemented security solutions, launched innovative security products to market, and helped countless small and large companies improve their security posture. “I am pleased to announce this partnership with Truvantis, as part of our firm’s continued efforts to grow its capabilities and footprint in the cybersecurity arena. We are committed to providing our clients with unique solutions to defend against one of the greatest risks facing their companies – cyber threats. This partnership significantly expands our ability to fulfill that commitment.” Julie Myers Wood, Guidepost Solutions CEO This new alliance enables clients to leverage comprehensive threat, risk, vulnerability management, privacy, and assessment services to protect against a full spectrum of cyber and physical security issues and address a variety of regulatory and business-critical requirements. Today’s companies are faced with an increasing number of requests for independent verification of their cybersecurity and privacy policies and practices. Whether it’s an assessment against a security framework like the NIST CSF, ISO 27001, or CIS Controls, addressing compliance with privacy laws and requirements like the PCI DSS, or preparing for a SOC2 or HITRUST audit, companies are seeking help from highly qualified, credentialed consultants who can help address these complex cybersecurity and privacy challenges. The Guidepost/Truvantis team will afford clients a depth of expertise as well as a breadth of services to address a broad range of risk mitigation needs. “Guidepost Solutions is a leader in investigations, compliance, and physical security consulting and we’re excited to bring these capabilities to our clients to provide comprehensive risk management solutions,” said Andy Cottrell, CEO, Truvantis. “As the market continues to evolve toward consolidated physical, personnel, and cybersecurity management, this partnership enables us to provide the most comprehensive solutions in the market.” Through this investment and partnership, Guidepost Solutions and Truvantis are positioned to enhance cyber and physical security defenses for clients and provide resiliency for their critical systems. Specific security services include risk assessments, security testing, cyber investigations, cybersecurity governance, data protection, privacy consulting, operational security design and project management, vCISO, and remediation services. About Guidepost Solutions LLC Guidepost Solutions is a leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting. We work wherever your needs take us – whether on the ground around the globe – or from one of our offices located in Bogotá, Boston, Chicago, Dallas, Honolulu, London, Los Angeles, Miami, New York, Palm Beach, Philadelphia, Phoenix, San Francisco, Seattle, Singapore, Walnut Creek, and Washington, DC. About Truvantis Inc. Truvantis® is a cybersecurity consulting organization providing best-in-class privacy and cybersecurity services to secure your organization’s infrastructure, data, operations, and products. We specialize in helping our customers improve their cybersecurity posture by implementing, testing, auditing, and operating information security programs.

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ENTERPRISE SECURITY

SecurityScorecard and Marsh McLennan Collaborate to Elevate Cybersecurity in Challenging Risk Landscape

SecurityScorecard | January 28, 2022

SecurityScorecard, the global leader in cybersecurity ratings, today announced a collaboration with Marsh McLennan, the world's leading professional services firm in the areas of risk, strategy and people, to enable organizations around the world to improve their cyber resilience. As part of the collaboration, Marsh McLennan's Cyber Risk Analytics Center will leverage SecurityScorecard's data and analytics to gain real-time cyber risk insights and define risk mitigation strategies for the Company's global client base. The companies will also collaborate on joint research aimed at increasing awareness of cyber risk and educating the market on risk management strategies. "We are excited to work with Marsh McLennan, which understands that to stay competitive, you must stay innovative," said Prashant Pai, Senior Vice President and General Manager of Strategic Initiatives at SecurityScorecard. "Given how fast the cyber risk landscape evolves, it's essential that business leaders have access to the most up-to-date and complete view of a client's cybersecurity posture." "Cyber risk evolves minute-to-minute, making it challenging to build data-driven risk management strategies,SecurityScorecard's data and analytics are a valuable addition to our proprietary insights, furthering our ability to help our clients stay on top of emerging vulnerabilities and threats that may impact their businesses." Scott Stransky, Managing Director, Marsh McLennan Cyber Risk Analytics Center SecurityScorecard continuously monitors millions of entities worldwide and non-intrusively assesses their security posture across 10 risk categories including DNS health, IP reputation, web application security, network security, leaked information, hacker chatter, endpoint security and patching cadence. About SecurityScorecard Funded by world-class investors including Evolution Equity Partners, 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, cyber insurance underwriting, and regulatory oversight. 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.

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Spotlight

With constantly changing threat landscape and evolving technologies, it is difficult for organizations to keep pace with a sheer volume of sophisticated threats. Outdated software, lack of security solutions, and unmanaged devices can make the organization vulnerable to cyber-attacks. As new security threats continue to increase and evolve, it’s imperative for the organization to ensure security and compliance posture. Moreover, the operational activities take away the focus from IT teams to core business and strategy functions within the organization.

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