WHAT: The Milken Institute turns ideas into real-world initiatives that address some of society’s greatest challenges: widening access to capital, creating jobs and improving health. More than 3,500 world leaders, financiers, philanthropists, Fortune 500 executives, scientists and celebrities from 60-plus countries, all senior leaders in their fields, offering significant ideas on how we can address the rapid changes in the finance and business sectors and solve some of the world’s most pressing social issues.

WHY: Cybersecurity: Protecting Companies and Citizens from Assault will cover high-profile cyberattacks of banks, retailers and health care providers, which reveal how vulnerable businesses and their customers are to hackers. The efficiency of electronic data networks is beyond question, but they also create new security concerns. In the business world, companies risk losing sales if consumers aren’t satisfied that confidential information is safe. Cybersecurity also is critical to government efforts to monitor the communications and movements of terror organizations. How can the government and private business work together to protect privacy and keep the nation safe from attack? How can we balance security concerns with the need for data to move freely between businesses and their customers? This panel will discuss the threats that lurk in cyberspace and steps that are being taken to counter them.

WHO:

• Ray Rothrock, Chairman & CEO, RedSeal; Partner Emeritus, Venrock
• Suzanne Spaulding, Under Secretary, National Protection and Programs Directorate, U.S. Department of Homeland Security
• Alex Stamos, Chief Information Security Officer and Vice President, Information Security, Yahoo
• Eli Sugarman, Program Officer, Cyber Initiative, William and Flora Hewlett Foundation (Moderator)

WHEN:

• Tuesday, April 28, 2015
• 02:30 PM – 03:30 PM (PDT)

WHERE:

• The Beverly Hilton, Los Angeles, CA

While most C-level executives say cyberattacks can cause serious disruption to their own operation, many also express concerns about farther-reaching impact on the broader infrastructure at the local, state and national level

See associated RedSeal Domino Effect infographic

SUNNYVALE, Calif. — April 20, 2015 — RedSeal (redseal.co), the cybersecurity certification company, today unveiled its comprehensive survey of high-ranking executives that vividly illustrates widespread concern regarding the potential effects of cyberattacks in corporate America. Most of the C-level professionals surveyed readily acknowledge that a coordinated assault launched by sophisticated cybercriminals would wreak ongoing havoc on business operations, cause considerable harm to a brand, and potentially affect related companies, even entire industries. In addition, many also point out that in the networked economy, containing the problems caused by a sustained network attack will be very difficult. In fact, a major network disruption at a single company or network can easily disrupt or even wreak havoc on a local, state, national and even global level.

“As this research makes clear, securing the network infrastructure to ensure ongoing business operations is not an abstract concern: It’s a vital issue, because a successful attack will have devastating and even far-reaching consequences,” said Ray Rothrock, chairman and CEO of RedSeal. “A coordinated, sophisticated and large-scale assault will not stay within the walls of the company being attacked. It could easily trigger a domino effect and cause widespread disruption, reaching companies in other sectors and even the national grid. I’ve been investing in cybersecurity for 25 years, and I see how the level of sophistication in cyberattacks has increased dramatically in just the past few years.”

The RedSeal study surveyed more than 350 C-level executives (CEOs, CIOs, CISOs and CSOs). All are at organizations with 250 or more employees, and at least 20% lead companies with more than 1,000 employees. The answers offer a clear view into corporate America’s concerns over cybersecurity and the potential fallout from attacks on the network infrastructure.

The vast majority of the executives surveyed, 74%, acknowledge that cyberattacks on networks of U.S. organizations can cause “serious damage or disruption,” and most of the rest, 21%, admit to fears of “significant damage or disruption.” More specifically, almost 80% admit that such attacks can inflict “serious impacts to business profitability and growth,” and bring about “serious brand damage.” A large number, 45%, also related personnel concerns, saying such events will lead to a “big hit on employee productivity.” More than 43% also predict business downtime, while more than 41% fear “internal/organizational disruption or chaos.”

Moreover, many of the respondents are also very aware that in this intricately networked economy, it will be very difficult to contain the problems once an attack begins. Asked what other areas might be affected by the “resulting ripple effects of cyberattacks on one network,” a clear majority, 64%, cited “further business-related security vulnerabilities.” More than half, 56%, went further, citing “national vulnerabilities,” and an even larger number, 59%, agreed with the possibility of a security domino effect.

In fact, the idea of a domino effect—one successful attack on one network leading directly to attacks on different networks in diverse but connected sectors of the economy—clearly resonated strongly with the executives surveyed. More than half the respondents, 52%, singled out “defense systems” as being potentially affected by a cyber-criminal incident or data breach, while 45% cited “border security.” And taking a big picture approach, a significant 59% said such attacks will take their toll on “economic security.”

“What this survey rightly highlights is that in a hyper-networked economy, where most networks are inextricably linked to each other, a major network attack will be very difficult to isolate,” said Richard Stiennon of IT-Harvest. “This isn’t an IT or even a basic operational issue—it has national significance, and should be managed accordingly.”

Company renews focus on strategic technologies to certify network security, accelerate network compliance, and harden next-generation networks

SUNNYVALE, Calif. — April 07, 2015 — RedSeal (redseal.co), the cybersecurity certification company, today announced a major re-launch of the company with $17 million in Series C funding from new and existing investors, the formation of an expanded management team with blue-chip experience, and a slate of new technologies and services. The new RedSeal security analytics platform provides intelligence to protect critical network assets, and accommodates emerging Cloud and mobile technologies.

“RedSeal has built its reputation in the market through innovation and customer results. Now we have the ability to build on that momentum and pursue new opportunities in new markets,” said Chairman and CEO Ray Rothrock. “This additional funding enables us to increase our engineering capabilities and expand our footprint both domestically and overseas. We’re privileged that these investors share our vision of enhanced security through visibility that provides insight into all possible network paths, and helps executives easily understand how disparate solutions are working together—or not—to protect digital assets and infrastructure.”

New Funding

Strategic Security

Many companies now face network complexity that far exceeds their ability to effectively understand and manage. Moreover, most organizations have operating siloes that create security gaps as disconnected groups handle different aspects of networking and security. At the same time, disparate point products don’t work together, different devices don’t talk to one another, and different monitoring and reporting products don’t communicate at all.

The new RedSeal security platform provides intelligence that protects critical data, accommodates emerging cloud and mobile technologies, and limits damage not only within a targeted network but also within connected infrastructures such as the Cloud. RedSeal’s advanced analytics engine creates a functioning model of your network, tests your network to identify security risks, prioritizes needed actions, and gives you critical information to quickly remediate issues. The result: reduced cybersecurity risk and lower maintenance and incident response costs. Specific customer benefits include the ability to see their networks “as-built” (rather than as “wishing it was built”), fix their most critical security issues first, accelerate incident response, and understand the security impact of changes to the network. RedSeal evaluates the largest networks in the world.

Today, more than 200 corporations and government agencies worldwide have ‘RedSealed’ their networks. RedSeal is used in many large US federal agencies, including the Department of Defense, civilian and intelligence communities. The company’s commercial customers span the finance, utilities, service provider, technology and retail sectors.

Technology Innovation

RedSeal’s newly expanded platform incorporates a transformational and innovative architecture designed to address not only existing threat vectors but also emerging cloud and mobile technologies. Organizations can have a unified view of their entire network– from the cloud to on-premise devices — and visibility from the application to the network layer.

Visionary Management

Additional management bios are available at https://www.redseal.net/content/leadership

Customer Viewpoint

Cisco’s Chief Security and Trust Officer, John Stewart, said, “The network is the lifeblood between IT systems and the key security layer in IT. It should come as no surprise that our adversaries won’t hesitate to attack the network itself to siphon data, disrupt services, or change the configuration for their own gain. Central to effective cybersecurity is knowing that network infrastructure, and having a deep understanding of how it works, how safely configured it is, and what changes are made day to day.”

Pricing and Availability

RedSeal is available immediately and is priced based on the number of customer network devices, with discounts offered for larger networks.