DATA SECURITY

Years of Growth Lead to Covail Acquisition by Cybersecurity Firm GoSecure

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.

About Covail
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.

About GoSecure
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.

Spotlight

It is essential to promote innovation and competition to drive the introduction of new mobile payments products and services in Canada. It is equally important to maintain the integrity of the Canadian payments infrastructure. The following white paper was developed by six of Canada’s largest financial institutions: BMO Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank Group.


Other News
DATA SECURITY

Dataprise Expands its DRaaS and Data Protection Offerings with Acquisition of Industry Leader Global Data Vault

Dataprise | January 18, 2022

Dataprise, a leading strategic IT managed service provider, today announced the acquisition of Global Data Vault, a leader in Disaster-Recovery-as-a-Service (DRaaS), Backup-as-a-Service (BaaS) and modern data protection solutions. The addition of Global Data Vault creates one of the industry's broadest portfolios of integrated data protection and cybersecurity offerings to solve client's toughest business resilience, risk mitigation and compliance challenges. "Clients turn to Dataprise to be their one strategic IT partner, which requires we bring the broadest portfolio of services powered by the best technology and deepest expertise. Today, the mandate for a holistic cybersecurity and data protection strategy is a top priority for our clients, Global Data Vault is a powerful addition as they bring industry leading cloud-based data protection solutions that bolster our premier cybersecurity portfolio, top-notch employees, a strong Veeam partnership, and relentless focus on client success." Steve Lewis, CEO of Dataprise Founded in 2004, Global Data Vault is a recognized leader in the BaaS and DRaaS industry and holds the distinction of being a Platinum Veeam Cloud & Service Provider. Global Data Vault's mission is to protect organizations' critical data with modern data protection strategies to ensure business continuity and eliminate downtime. Headquartered in Dallas, TX, Global Data Vault protects hundreds of clients across the United States, Canada, and the United Kingdom. "Our clients are facing new challenges driven by dramatic changes in the cybersecurity threat landscape and evolution of IT strategies including cloud adoption," said Anthony Galley, Chairman of Global Data Vault. "Dataprise has an enviable portfolio of cybersecurity, managed IT services, and cloud services that enhance the value of our modern data protection and DRaaS offerings. Together with Dataprise we are perfectly positioned to provide our clients even greater value." "We're excited for the opportunity that joining Dataprise presents for our clients, employees and partners. We now have a much broader set of services, capabilities and resources all aimed at protecting client data and ensuring business continuity," said Will Baccich, CEO of Global Data Vault. This marks Dataprise's second acquisition as the company executes on its strategy to build the broadest managed services portfolio and give clients one strategic IT partner to solve it all. The recent acquisition of Wireless Watchdogs added a comprehensive Mobility Managed Services (MMS) and Mobile Device Management (MDM) portfolio aimed at solving mobile device, Internet of Things (IoT) and endpoint management challenges. About Dataprise Founded in 1995, Dataprise believes that technology should enable our clients to be the absolute best at what they do. This commitment to client success is why Dataprise is recognized as the premier strategic managed service and security partner to strategic CIOs and IT leaders across the United States. Dataprise delivers best-in-class managed cybersecurity, disaster recovery as a service (DRaaS), managed infrastructure and managed end-user services that transform business, enhance user experiences, and eliminate risks.

Read More

SOFTWARE SECURITY

LeanIX Announces Cloud Security Alliance Membership

LeanIX | March 11, 2022

LeanIX , the platform to plan and manage continuous transformation across the enterprise, today announced its membership in the Cloud Security Alliance (CSA), the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. LeanIX is published on CSA's Security, Trust, Assurance, and Risk (STAR) Registry, a publicly accessible registry that documents the security and privacy controls provided by popular cloud computing offerings. The company has maintained STAR Level ONE status on the registry since September 2020 and is now a registered SaaS Solution Provider with CSA. LeanIX builds information technology tools that promote a culture capable of navigating all types of change, both planned and unexpected. Its enterprise-ready, secure, and trusted SaaS platform supports the needs of leading companies around the world by providing the data, insights and common language needed to master software complexity. Whether rationalizing IT landscapes, preparing for a major technology migration, enabling flexible approaches to SaaS management, or mapping value streams from code to customer, LeanIX is the trusted partner for turning change into a competitive advantage. "SaaS depends on trust. We believe transparency around the protection of customer data and everything we do to ensure compliance and system availability helps build that trust. As proud CSA members, we share the organization's commitment to ensuring a trusted and secure cloud computing environment." LeanIX Co-founder and CEO André Christ "Publishing and maintaining Level ONE status on the STAR Registry is a testament to LeanIX's relentless commitment to information security, and we're thrilled to have the company as a member of the CSA," said Jim Reavis, CSA co-founder and CEO. "As a newly registered SaaS Solution Provider, our continued work with LeanIX will help promote excellent security practices and build on the foundation of trust for customers and the greater marketplace." About the Cloud Security Alliance The Cloud Security Alliance (CSA) is the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA's activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provide a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem. About LeanIX LeanIX's Continuous Transformation Platform® is trusted by Corporate IT and Product IT to achieve comprehensive visibility and superior governance. Global customers organize, plan and manage IT landscapes with LeanIX's automated and data-driven approach. Offering SaaS for Enterprise Architecture Management, SaaS Management, and Value Stream Management, LeanIX helps organizations make sound decisions and accelerate transformation journeys. LeanIX has hundreds of customers globally, including Adidas, Atlassian, Bosch, Dropbox, Santander or Workday. The company is headquartered in Bonn, Germany, with offices in Boston, Hyderabad and around the world.

Read More

DATA SECURITY

Rubrik Launches Rubrik Security Cloud to Secure Data, Wherever it Lives, Across Enterprise, Cloud, and SaaS

Rubrik | May 18, 2022

Rubrik, the Zero Trust Data Security™ Company, today announced Rubrik Security Cloud to secure customers’ data, wherever it lives, across enterprise, cloud, and SaaS. Ransomware is on the rise and cyberattacks are getting more sophisticated. Despite investments in infrastructure security tools, cybercriminals are still getting through to the data. And when they take the data down, they take down the entire business. It’s time for a new approach. The next frontier in cybersecurity pairs the investments in infrastructure security with data security giving companies security from the point of data. Rubrik is a pioneer in data security and the Rubrik Security Cloud delivers three unique capabilities: Data Resilience: Safeguards data by providing immutable, logically air-gapped data protection with multi-factor authentication-based access control. Data Observability: Continuously monitors risks and investigates threats to data including Ransomware Monitoring and Investigation powered by machine learning to detect data anomalies, encryptions, deletions, and modifications; Sensitive Data Monitoring to find and classify the most sensitive data, and assess exfiltration risk; and Threat Monitoring and Hunting to identify indicators of compromise and find the last known clean copy of data. Data Recovery: Quickly contains threats and recovers data, whether it’s a file, application data or a mass recovery for the entire organization. Rubrik’s new Threat Containment capability quarantines malware and restricts user access to infected data to support safer recovery. As organizations continue to struggle with cyberattacks that compromise data, Rubrik also launched the Data Security Command Center to easily assess whether data is safe and capable of being recovered from a cyberattack. Now, customers can see which data is at risk and get recommendations to make their data more secure. “Every company in the world is vulnerable as cybercriminals get more savvy every day. With Rubrik Security Cloud, we are strengthening customers' defenses so they can secure their business across enterprise, cloud, and SaaS workloads. Our data security platform enables our customers to defend their data, recover quickly, and prevail in this new cyber landscape.” Bipul Sinha, Rubrik CEO and co-founder “INTEGRIS Health is proud to be the largest not-for-profit health care system in Oklahoma, with eighteen hospitals in our network and more than a million patients that rely on us every year for their health care needs. With the expansive network we support, it’s paramount that our data is resilient, and we maintain a strong data security posture to keep our hospital moving. As a CIO, I believe Rubrik is an important service and helps us provide excellent patient care. As a Rubrik customer, we’re thrilled to see the continued innovation with Rubrik Security Cloud and the company’s ongoing focus on keeping customer data safe and making it easy to recover in the face of cyber-attacks, like ransomware,” said Bill Hudson, CIO of INTEGRIS Health. "NJ TRANSIT delivered more than a quarter of a billion annual passenger trips before the pandemic and is responsible for our riders’ safety, mobility, and livelihoods every day. It’s imperative that nothing interrupts our business, so we’ve prioritized a strong data security strategy in partnership with Rubrik. We’re committed to the ongoing and necessary work that gives our data resilience and helps us reduce our risk as we face ever evolving, and inevitable, cyber threats,” said Rafi Khan, CISO of NJ TRANSIT. Research and Development Fuels Additional Capabilities As part of Data Observability, Sensitive Data Discovery for Microsoft 365 discovers and classifies sensitive data within Microsoft 365 to better assess risk and help maintain compliance with regulations. These latest integrations build on the joint collaboration between Rubrik and Microsoft. Last year, Rubrik Cloud Vault built on Microsoft Azure was launched to help customers better defend against cyberattacks using a fully managed, secure and isolated cloud vault service. Since launch, Rubrik has seen strong demand for Rubrik Cloud Vault across key industries including Healthcare and Life Sciences, Manufacturing, State and Local Government, and Financial Services as customers build Zero Trust solutions to defend against and recover from ransomware. “Businesses need a data resiliency strategy to keep their data secure in the face of escalating cyber threats,” said Jurgen Willis, Vice President Microsoft Azure. “Rubrik's Security Cloud, which builds on integrations with Rubrik Cloud Vault and Microsoft Azure, will help customers accelerate their Zero Trust journey.” Rubrik Security Cloud is available now and new enhancements will be available in the months ahead. About Rubrik Rubrik, the Zero Trust Data Security™ Company delivers data resilience, data observability, and data recovery for organizations. Rubrik keeps your data safe and easy to recover in the face of cyber attacks and operational failures. Now you can recover the data you need, however and whenever you need it to keep your business running.

Read More

PLATFORM SECURITY

Cybersecurity Startup ActZero Partners with Measured Analytics and Insurance

ACTZERO | December 15, 2021

ActZero, a cybersecurity startup whose AI-driven platform makes best-in-class security accessible for businesses of all sizes, today announced a strategic partnership with Measured Analytics and Insurance, the data and analytics-driven cyber insurance company. The partnership will enable businesses to protect themselves against emerging security threats with an integrated risk management approach. Recent reports by lead researchers have found that a majority of organizations have experienced incidents of ransomware or phishing in the last 12 months, while other cybersecurity threats are also on the rise. This trend means that more and more businesses need to level up their cybersecurity posture, while also preparing for the ramifications of potential attacks with cybersecurity-specific insurance. The partnership between ActZero and Measured is among the first to holistically address a business's cybersecurity needs by combining sophisticated managed detection and response services designed to stop attacks and extortion with insurance services that position companies to mitigate potential losses. "We're pleased to be working with Measured, which will serve as the foundation of our integrated risk management distribution channel,Pairing our solution with insurance coverage to better protect customers represents another leap forward in our pursuit of making cybersecurity more effective and affordable for small and mid-sized enterprises." Chris Finan, ActZero's Chief Operating Officer The ActZero platform combines next-generation antivirus protection, endpoint detection and response, extended detection and response technologies, and 24/7 automated and managed threat hunting capabilities to detect and prevent all types of cybersecurity threats, from commodity malware to sophisticated, headline attacks across endpoints, network and cloud. The combined offering with Measured means that ActZero clients can now take advantage of streamlined access to cyber insurance at better rates. Measured Analytics and Insurance sells industry-leading comprehensive cyber insurance backed by the most reputable reinsurance companies in the world. Measured tackles the challenge of underwriting cyber insurance by combining proprietary data and machine learning algorithms to assess and price cyber insurance for small- and mid-sized businesses. In partnering with ActZero, Measured's clients gain access to a robust suite of cybersecurity technologies at preferred rates. "In this era of growing concerns and evolving threats, it's critical to complement our cyber insurance offering with innovative detection and response capabilities to stop problems before they start," said Jack Vines, CEO of Measured Insurance. "ActZero is the ideal partner to deliver on this promise, enabling our customers to implement sophisticated risk management strategies, thereby best positioning themselves against today's current threat climate." ABOUT ACTZERO ActZero is a cybersecurity startup that makes small- and mid-size businesses more secure by empowering teams to cover more ground with fewer internal resources. Our intelligent managed detection and response service provides 24/7 monitoring, protection and response support that goes well beyond other third-party software solutions. Our teams of data scientists leverage cutting-edge technologies like AI and ML to scale resources, identify vulnerabilities and eliminate more threats in less time. We actively partner with our customers to drive security engineering, increase internal efficiencies and effectiveness and, ultimately, build a mature cybersecurity posture. Whether shoring up an existing security strategy or serving as the primary line of defense, ActZero enables business growth by empowering customers to cover more ground. ABOUT MEASURED ANALYTICS AND INSURANCE Measured Insurance offers an analytics-based approach to cyber insurance, specifically quantifying specific exposure to ransomware attacks. Measured Insurance is bridging the gap between technology and insurance by using AI-powered analytics that tracks individual exposure in real-time to create smarter insurance products. Every policy is tailored to fit the individual client–clearly identifying pre-event exposure in seven fundamental areas and customizing post-event loss mitigation services with real experts, real people, and real help if ever needed.

Read More

Spotlight

It is essential to promote innovation and competition to drive the introduction of new mobile payments products and services in Canada. It is equally important to maintain the integrity of the Canadian payments infrastructure. The following white paper was developed by six of Canada’s largest financial institutions: BMO Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank Group.

Resources