RedSeal Formalizes Channel Partner Program to Address Growing Global Demand to Model, Measure and Manage Hybrid Data Centers  

Authorized Resellers Addressing Commercial and Federal Markets Will Benefit from Competitive Differentiation and Service Revenues

SUNNYVALE, Calif. – April 3, 2018RedSeal, the leader in network modeling and cyber risk scoring, today announced enhancements to its RedSeal Partner Program – providing partners with additional support, enablement and profit opportunities. RedSeal partners will benefit from a strong combination of product and service revenue streams when selling RedSeal’s platform. They will also have the opportunity to deliver increased value to their end users by helping them to validate and enhance the resilience of their network infrastructure, accelerate response to cyber incidents and improve the productivity of their network and security teams.

“Channel partners are an integral part of RedSeal’s go-to-market strategy,” said Ray Rothrock, chairman and CEO of RedSeal. “They expand our reach and add important value to our customers. We have made significant investments in the channel this year – bringing sales, development and marketing resources to the table to support our partners’ short- and long-term success.”

  • Convenient, on-demand training modules so partners can stay up-to-date with the latest technology upgrades and product enhancements.
  • Pre-packaged sales playbooks for specific customer uses to help partners successfully sell, market and support customers.
  • Access to deal registration and market development funds for qualified partners.

The company is inviting solution providers and managed service providers with a significant presence in specific verticals and geographies, across both commercial and federal markets, to apply for membership to RedSeal’s Partner Program through the company’s website.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

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XL Catlin and RedSeal Launch Cyber Insurance Industry’s First Dynamic Measure of Resilience to Gauge Risk, Improve Cybersecurity and Insurance Terms

Collaboration delivers unprecedented, continual insights to help underwriters evaluate cyber risk at policy issuance and during the policy; Companies can use information to improve network resilience and policy terms

 NEW YORK, March 27, 2018 XL Catlin and RedSeal today announced a new, dynamic approach to cyber insurance, which uses an objective measurement of a network’s resilience to help underwriters more thoroughly evaluate their clients’ risks over time, helps clients continue to improve their cybersecurity and potentially improve their insurance terms.

Unlike other cyber insurance risk analyses, which rely on surveys and a general understanding of the network at the time of the initial underwriting, XL Catlin’s approach offers its clients a more accurate, dynamic and helpful service.

RedSeal’s patented network modeling and risk scoring platform creates a network model from the inside out, including physical assets, as well as those in public and private cloud environments. With this insight, RedSeal calculates the Digital Resilience Score, a holistic measure of the network’s resilience, similar to a credit worthiness score. The Score evaluates the client’s network to determine:

  • How weaknesses from incorrectly configured devices and third-party software could impact the network;
  • How accessible a company’s valuable assets are to attackers; and
  • The degree to which the network – including all its devices and their connections – is understood.

More resilient networks deliver higher scores, which means they are potentially lower risks. Once an XL Catlin client installs RedSeal and gets their initial Digital Resilience Score, and again during a mid-term evaluation, XL Catlin will determine if the client’s resilience warrants improved terms.

“We see this collaboration as a win-win for all involved,” said John Coletti, chief underwriting officer, cyber and technology, XL Catlin. “We’re giving our clients the option to create a cycle of continuous improvement in their cyber security efforts. Plus, our underwriters have more in-depth information to evaluate their risk and provide the most appropriate policy terms and pricing – and our customers can use the same information to improve their resilience and lower their risk.”

“The cyber insurance industry is evolving quickly, and technology companies are working to provide useful, data-driven solutions that matter,” said Ray Rothrock, CEO and chairman of RedSeal. “RedSeal’s platform of network modeling and scoring provides unique insights and hard to find issues within digital enterprises for both XL Catlin’s underwriters and their clients, which we expect will benefit both. We’re enabling a new, collaborative era in cyber insurance and cybersecurity.”

For more information on the joint offering from XL Catlin and RedSeal visit www.redseal.net/solutions/cyber-insurance/clients-and-brokers.

About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.

About XL Catlin
XL Catlin is the global brand used by XL Group Ltd (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California.

RedSeal Brings Cyber Resilience to The Montgomery Summit

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Selected from 4,000 nominated companies, RedSeal will present the its latest technology and growth trajectory to exclusive audience of innovators, investors and business leaders

LOS ANGELES (March 6, 2018) – RedSeal, the leader in network modeling and cyber risk scoring, has been selected from thousands of nominees to present at the annual Montgomery Summit, the leading business and technology conference taking place in Santa Monica, Calif. on March 7 and 8. RedSeal CMO Julie Parrish will discuss the company’s business strategy, proprietary technology, and market positioning to an invited audience of 1,000 entrepreneurs, corporate executives and venture capitalists.

“C-Suites understand that cyber security is both a fiduciary and ethical responsibility, and are keenly aware that prevention and detection strategies are just not enough.   They know they need to build resilience into their environments” said Julie Parrish, Chief Marketing Officer at RedSeal. “But these  environments are very complex – with layers of physical and virtual devices,  SDN and public clouds – it’s hard to accurately “see” your entire network today.   RedSeal delivers the foundation for digital resilience: the ability to see and model the entire network; the insights needed to accelerate investigation and prioritize activities before and during an attack, and a Digital Resilience Score to continuously measure and improve resilience.”

“This year’s Summit will be an exclusive opportunity for leading emerging private companies to showcase their innovations to a room of entrepreneurs and investors and forge connections to take their businesses to the next level,” said Jamie Montgomery, founder of The Montgomery Summit. “We continue to see the best and brightest presenters nominated from a range of industries, from Enterprise AI to Fin Tech, and look forward to the insight and expertise they will bring to this year’s conference.”

This year, a global committee of senior investors from top venture capital and growth funds, prior Summit attendees, researchers, entrepreneurs and Summit partners and staff selected 140 companies to present from over 4,000 nominations. Nominations were evaluated by each company’s sector, stage, growth and engagement metrics, as well as criteria including management, vision, and more.

In addition to presentations from top private growth company CEOs, the two-day event features industry leaders and top innovators in a series of keynotes, panels and salons. Speakers at this year’s Summit include George Kurtz, CEO & Co-Founder, Crowdstrike, Tom Siebel, CEO of C3 IoT, Sue Siegel, Chief Innovation Officer at GE & CEO of GE Ventures, Sam Walker, Author, The Captain Class: The Hidden Force that Creates the World’s Greatest Teams, and Julie Sweet, CEO of Accenture. Additionally, the Summit will feature The Rise of the Female Entrepreneur program on March 8th, which will highlight the rising role of female entrepreneurs and investors in the technology world. Co-chaired by by Niloo Howe, Chief Strategy Officer at RSA, Meredith Finn, Senior Director at Salesforce Ventures, and Cack Wilhelm, Partner at Accomplice VC, the event will be keynoted by Sallie Krawcheck, founder and CEO of Ellevest and Sukhinder Singh Cassidy, founder and chairman of theBoardlist.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California. Follow RedSeal on Twitter and LinkedIn.

 About The Montgomery Summit
The Montgomery Summit gathers an invited group of entrepreneurs, senior investors and leading executives to discover the most important innovations in business and technology. The event features two days of presentations, keynotes, panels and salons in Santa Monica, Calif.

Previously known as The Montgomery Technology Conference, the Summit has for more than a decade provided unparalleled opportunities to meet a diverse blend of technological visionaries and innovators from all over the world. For more information, visit www.montgomerysummit.com.

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RedSeal Recognized as 2017 Red Herring Top 100 Global Winner

Provider of Award-Winning Network Modeling and Cyber Risk Scoring Platform Honored for Third Consecutive Year

SUNNYVALE, Calif., March 1, 2018 — RedSeal, the leader in network modeling and cyber risk scoring, today announced that it has been recognized by Red Herring for its strong financial performance and technology innovation, and has again been named to the publication’s Annual Top 100 Global list. The Top 100 Global list celebrates private companies’ innovations and technologies across their respective industries and has become a mark of distinction for identifying promising companies and entrepreneurs.

“We are honored to be recognized by this prestigious publication for the third year in a row,” said RedSeal CEO and chairman, Ray Rothrock. “Globally, we’re seeing significant demand for RedSeal’s platform, which helps organizations increase their resilience to cyber attack. Organizations today need confidence that they can withstand an attack, mitigate damage, and maintain the trust of their constituents.  The RedSeal platform validates and measures security posture before an attack, prioritizes risk areas and speeds investigation and containment – across complex cloud and physical network environments.”

Red Herring editors have an excellent track record of predicting the technologies and companies that will change the way we live and work – Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay are all former Top 100 Global company winners.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe RedSeal embodies the vision, drive and innovation that define a successful entrepreneurial venture. RedSeal should be proud of its accomplishment.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

About RedSeal

RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California. Follow RedSeal on Twitter and LinkedIn.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

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Cyber Security Incubator & Distributor, Progress Distribution, Adds RedSeal To Its Tier 1 Portfolio

High margins for VAR’s for net new business

London, UK, 27th February 2018 – Progress Distribution are pleased to announce it has signed a distribution agreement with RedSeal for the UK and Europe and adds network modelling and risk scoring to the list of vendor solutions in their portfolio.

RedSeal’s platform analyses networks across public cloud, private cloud and physical environments. Then, it automatically builds a model, which allows enterprises to understand and continually monitor their whole network. The platform is key to organisations wishing to accelerate investigation of security incidents and network vulnerabilities, verify compliance and have a better understanding of their hybrid network as a whole.

For the security VAR community, there’s finally a serious contender to fit a niche that’s not being filled with any other vendors in the network risk modelling and next generation vulnerability space.  RedSeal has already made an impact in a few short weeks as VARs reach out for new technologies to bolster dwindling margins. With RedSeal it’s easily achievable to attain 30%+ margins for net new business.

Progress Distribution’s CEO, John Quinn said, “When approached by RedSeal, we were extremely eager to help them execute their ambitious plans for growth in the UK & Europe and are jointly investing in a solid go to market plan for major channel recruitment.”

He went on to say, “The RedSeal EMEA Management team really understand the power of Progress’s solid VAR network, coupled with the strong end user business development teams in London who really hit the ground running. They’re a natural fit and complementary to our leading-edge security portfolio”

Nash Kapoor, Regional VP for EMEA at RedSeal, stated, “Getting closer to the cybersecurity reseller community is imperative to our business success, and our relationship with Progress is key to achieving our goals for market growth.  We’re already very impressed at the speed and drive the Progress team are demonstrating — they are already creating new opportunities for us.”

About Progress Distribution

Progress Distribution is a boutique IT incubator and distributor that focuses on fast emerging technologies within Security, Networking, and Storage. RedSeal is the latest vendor to join the company’s strong portfolio of innovative technology brands, which includes vendors such as Attivo Networks, Qualys, TrustedKnight and Osirium. Besides offering resellers proactive sales, business development, commercial and marketing support, Progress also has a dedicated end user demand generation team, which provides new technology vendors with an extremely valuable go to market strategy for the UK and European markets.

Media Contact:

John Quinn, CEO
Email:  john@progressdistribution.uk
Mobile: +44 (0) 7557 131215
www.progressdistribution.com

About RedSeal

RedSeal’s network modelling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California.

Media Contact:

Sophie Brown, UK PR Lead
Email:  sophiebcomms@gmail.com
Mobile:  +44 (0) 7919098893
www.redseal.net

RedSeal Awarded CIS Benchmark Certification

SUNNYVALE, Calif. – December 12, 2017 – RedSeal announced today that its market leading network modeling and risk scoring platform has been certified by CIS to compare the configuration status of network devices against the consensus-based best practice standards contained in the Cisco IOS 15 CIS Benchmark. Organizations that leverage RedSeal can now ensure that the configurations of their critical assets align with the associated CIS Benchmarks consensus-based practice standards.

“RedSeal customers using Cisco network devices can combat the evolving cybersecurity challenges they face by following CIS’s proven guidelines,” said Kurt Van Etten, vice president of product management at RedSeal. “Adhering to standards, industry best practices and organizational policies is critical as organizations strive to become digitally resilient. RedSeal customers can now compare the configurations of their Cisco network devices with the CIS Benchmarks and verify compliance.”

RedSeal’s network modeling and risk scoring platform builds an accurate, up-to-date model of an organization’s entire, as-built network to visualize access paths, prioritize what to fix, and target existing cybersecurity resources to protect their most valuable assets. With RedSeal’s Digital Resilience Score, decision makers can see the security status and benchmark progress toward digital resilience.

“Cybersecurity challenges are mounting daily, which makes the need for standard configurations imperative. By certifying its product with CIS, RedSeal has demonstrated its commitment to actively solve the foundational problem of ensuring standard configurations are used throughout a given enterprise,” said Curtis Dukes, Executive V.P. & G.M., CIS Security Best Practices & Automation.

In order for a product to receive the CIS Benchmark Certification, a CIS SecureSuite Product Vendor member must adapt its product to accurately check/score/report as compared to the security recommendations in the associated CIS Benchmarks profile. CIS Benchmark Certified Products demonstrate a strong commitment by the vendors to provide their customers with the ability to ensure their assets are secured according to consensus-based best practice standards.

The CIS Benchmarks program is recognized as a trusted, independent authority that facilitates the collaboration of public and private industry experts to achieve consensus on practical and actionable solutions. CIS Benchmarks are recommended as industry-accepted system hardening standards and are used by organizations in meeting compliance requirements for Federal Information Security Management Act, PCI, Health Insurance Portability Accountability Act and other security requirements.

About the CIS

CIS is a forward-thinking nonprofit entity that harnesses the power of a global IT community to safeguard private and public organizations against cyber threats. Our CIS Controls and CIS Benchmarks are the global standard and recognized best practices for securing IT systems and data against the most pervasive attacks. These proven guidelines are continually refined and verified by a volunteer global community of experienced IT professionals. CIS is home to the Multi-State Information Sharing & Analysis Center (MS-ISAC®), the go-to resource for cyber threat prevention, protection, response, and recovery for state, local, tribal, and territorial government entities.

About RedSeal

RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprise networks to be resilient to cyber events and network interruptions in an increasingly digital world. RedSeal helps customers understand their network from the inside, out – and provides rich context, situational awareness and a Digital Resilience Score to help enterprises measure and ultimately build greater resilience into their infrastructure. Government agencies and Global 2000 companies around the world rely on RedSeal to help them improve their overall security posture, accelerate incident response and increase the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct and channel partner network. Follow RedSeal on Twitter at @redseal_co and on LinkedIn.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

RedSeal Enhances Digital Resilience Platform, Dramatically Reducing Network Analysis Time and Boosting Security Team Productivity

Expanded coverage of hybrid datacenters creates more complete and accurate network models
New integration apps accelerate incident investigations and bring live traffic into RedSeal platform

SUNNYVALE, Calif. – November 14, 2017 – RedSeal today announced new enhancements and integrations for its market leading network modeling and risk scoring platform, used by more than 40 U.S. government agencies and many Global 2000 companies worldwide.

More Holistic View Across Hybrid Datacenters

Nearly all large enterprises today include on-premise, cloud and virtualized networks, which results in network systems that are large, complex, and constantly changing. This makes it very difficult to have a complete and detailed understanding of the current state of a network. To address this, RedSeal is expanding its Software Defined Networks (SDN) and public cloud capabilities with the addition of Microsoft Azure ARM (Azure Resource Manager) modeling, and support for RedSeal’s virtual appliance to run on Microsoft Hypervisor, Hyper-V. This builds on its existing ability to model networks on Amazon Web Services Virtual Private Clouds (VPCs), and software-defined networks (SDNs) in VMWare NSX, and Cisco ACI.

CIS Benchmarks

RedSeal also announces support for CIS Benchmarks for Cisco, enabling customers to conduct secure configuration checks of their network devices against the CIS standard.

New Integrations for Improved Productivity

To improve security team productivity, RedSeal is adding new integration apps with IBM’s QRadar SIEM and Micro Focus ArcSight’s Enterprise Security Management (ESM) software. RedSeal customers can also bring live traffic information from Gigamon’s Visibility Platform directly into their RedSeal queries. Specifically:

  • Gigamon Visibility Platform customers can now call Gigamon from the RedSeal user interface to see if live traffic is occurring in any detailed path query in RedSeal.
  • Apps for IBM’s QRadar SIEM and Micro Focus ArcSight’s ESM dramatically reduce incident investigation times for users by giving them unprecedented network context and actionable intelligence. By integrating RedSeal’s network modeling platform into their current interface, they will be able to quickly kick off an incident investigation phase by cross launching the RedSeal IR query directly from the console of the product they use.

These add to RedSeal’s existing suite of integration apps with Splunk’s Enterprise Security SIEM, Rapid7’s Insight VM vulnerability management software, and ForeScout’s CounterACT, announced earlier this year.

“Bad actors continue to unleash advanced attacks targeting vulnerabilities enterprises don’t know exist,” Kurt Van Etten, vice president of product management at RedSeal. “The first step to improving digital resilience is to prepare for these unknown and unavoidable attacks by having a complete understanding of access across hybrid datacenters. These new enhancements bring our customers a holistic view of their network, whether on-premise, virtual or in the cloud, while accelerating incident containment times through increased power and deep integrations with current security solutions.”

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprise networks to be resilient to cyber events and network interruptions in an increasingly digital world. RedSeal helps customers understand their network from the inside, out – and provides rich context, situational awareness and a Digital Resilience Score to help enterprises measure and ultimately build greater resilience into their infrastructure. Government agencies and Global 2000 companies around the world rely on RedSeal to help them improve their overall security posture, accelerate incident response and increase the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct and channel partner network. Follow RedSeal on Twitter at @redseal_co and on LinkedIn.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

RedSeal Honored with CRN 2017 Tech Innovator Award in Network Security

RedSeal’s Network Modeling and Cyber Risk Scoring Platform Takes Top Honors in the 2017 Network Security Category

Sunnyvale, Calif. November 13, 2017RedSeal announced today that, CRN®, a brand of The Channel Company, selected its network modeling and risk scoring platform as the winner of its 2017 CRN Tech Innovator Award in the Network Security category. These annual awards honor standout hardware, software or services that have helped to move the IT industry forward.

RedSeal analyzes large enterprises’ complex networks to create one holistic, and easy-to-update model of hybrid datacenters for its customers. RedSeal’s network modeling and risk scoring platform gives customers a unified network view, including devices on-premise, virtualized and/or in a public cloud, in a single, simple to understand model. This accurate and up-to-date insight helps security teams understand their security posture, as well as accelerate incident investigation and containment.

“Winning this award reflects the hard work and continued growth the RedSeal team puts forth every day,” said Julie Parrish, RedSeal CMO. “In an environment where cyber risks are growing exponentially, the breadth and integrations offered by our platform give large enterprises and government agencies the ability to understand their networks. They can proactively build their digital resilience, continue to optimize their existing security investments, and improve their overall security posture.”

To compile the 2017 Tech Innovator Award list, CRN editors evaluated 216 products across 32 technology categories using several criteria, including technological advancements, uniqueness of features and potential to help solution providers solve end users’ IT challenges.

“The vendors and products on CRN’s Tech Innovator list represent some of the most creative and forward-thinking achievements yet seen in the IT channel,” said Robert Faletra, CEO of The Channel Company. “We are honored to celebrate their ingenuity and the growth they are driving across the industry, from increased worker productivity and sales to expanded solutions for complex problems and trailblazing innovation.”

The Tech Innovator Awards will be featured in the December issue of CRN and can be viewed online at crn.com/techinnovators.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprise networks to be resilient to cyber events and network interruptions in an increasingly digital world. RedSeal helps customers understand their network from the inside, out – and provides rich context, situational awareness and a Digital Resilience Score to help enterprises measure and ultimately build greater resilience into their infrastructure. Government agencies and Global 2000 companies around the world rely on RedSeal to help them improve their overall security posture, accelerate incident response and increase the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct and channel partner network.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

RedSeal Resilience Report: Cyber Pros Point to “Perfect Storm” as Security Fundamentals Face Crisis

New research from RedSeal indicates four critical areas are in distress:

  • The threat landscape is growing faster than teams can respond
  • Lack of preparation is pervasive
  • Huge gap between perceived and true detection times
  • Compliance– not company strategy – drives cyber planning

Sunnyvale, Calif. – November 3, 2017 – RedSeal, the leader in network modeling and cyber risk scoring, today released the results of its second annual Resilience Report, which found IT Security teams are on the verge of a huge crisis.

The 2017 Resilience Report asked 600 U.S. and UK CISOs and senior IT decision makers about the biggest challenges they face. Across the board, the majority report four areas central to cybersecurity are all at risk –  resources, preparation, detection and overarching strategy – exposing their organizations to significant cyber threats.

Download the full infographic

1. A sophisticated threat landscape, evolving faster than teams can respond

The burgeoning threat volume and complexity is outpacing security teams’ capabilities. More than half (54 percent) of senior cybersecurity professionals think the threat landscape is evolving far faster than their organization can respond. Specifically:

  • 54 percent report they don’t have the tools and resources they need
  • 55 percent can’t react quickly enough to limit damage in the event of a major security incident
  • 79 percent say their organization can’t access insights to prioritize their response to an incident
  • Only one in five (20 percent) are extremely confident their organization will continue running as usual upon discovery of a cyberattack or breach

2. Lack of preparation is pervasive

The 2017 RedSeal Resilience Report found that only 25 percent of respondents’ organizations test their cybersecurity response to a major incident annually, if at all.  It also found a strong correlation: as time since the last test increases, executives’ confidence in the plan decreases.

  • On average, it has been nine months since organizations created a complete blueprint, model or map of their entire network. This means pathways through their constantly changing network – and access to their most valuable assets – are neither confirmed to be secure nor clearly known at all.
  • 55 percent concede they don’t test their strategies frequently enough because it is resource intensive (29 percent), outside their budget (27 percent), or takes too much time (26 percent)

3. There’s a dangerous gap between perceived and true detection times

Once a network is compromised, a cyberattack festers until it’s detected and resolved. Alarmingly, the RedSeal Resilience report reveals an industry-wide discrepancy between how long it takes from when an organization’s network is compromised to when they become aware of the event.

  • Perception:  When ranking their capabilities, cyber pros voted “detection” as their strongest area (40 percent), with respondents reporting it takes an average of six hours to discover an incident
  • Reality: Other studies of the same “time to detect” report drastically different times:

This infers that – despite detection being considered the security teams’ greatest strength – companies are struggling and not fully informed. Take for example, Sonic, which didn’t know they were hacked until their credit card processor informed them of unusual activity. They acknowledged the breach – which compromised more than five million credit cards – 11 days after the first batch of cards were uploaded for sale.

4. Compliance – not strategy – drives security planning

Given the massive financial impact of breaches, cyber strategy should be the C-Suite’s priority. However, 97 percent of respondents report that external regulations play a major role in their cybersecurity and resilience planning and implementation.

  • 92 percent of organizations have had to adapt the way that they meet regulatory requirements due to the use of public cloud platforms such as AWS and Microsoft Azure
    • 12 percent of respondents’ organizations had to do a total rethink
    • 49 percent had to make significant changes
  • Only 27 percent are completely confident their IT systems can support these regulations
    • Therefore, 73 percent of companies which might not meet the requirements for using public clouds – such as AWS, where Deloitte faltered, and Azure, the source of hacks for Dow Jones, Verizon, and RNC to name a few –may be more exposed to attacks and breaches.

“Having any one of these four areas – resources, preparation, detection and overarching strategy –  in crisis is dangerous. Combined, they’re the harbinger of security disaster for any organization,” noted Ray Rothrock, CEO and chairman of RedSeal. “This report underscores the urgency for the leaders of cyber strategy to pivot and aggressively pursue resilience, the ability to maintain business as usual while navigating an attack, as the new gold standard.  Being prepared is the best defense.”

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The RedSeal Resilience Report 2017

The RedSeal Resilience Report 2017, an inside view into the state of the IT security industry, provides insights into strategies and challenges across the complex cybersecurity landscape.

Each of the 600 CISOs, CIOs and senior IT decision makers (400 U.S. and 200 UK) who participated had sole or majority responsibility for network cybersecurity within their organizations, 25 percent of which have more than 5,000 employees. They bring perspective from across a number of industry sectors including: retail and distribution; healthcare; technology; financial services; energy – oil and gas; manufacturing and production. Global market research firm, Vanson Bourne, conducted the research in the summer of 2017.

The 2016 RedSeal Resilience Report explored the, “Rise of Cyber-Overconfidence in the C-Suite,” and found more than 80 percent of CEOs display “cyber naiveté,” making their global organizations exposed to massive cyber-attacks.

Download the Executive Summary
Download the full infographic

About RedSeal

RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprise networks to be resilient to cyber events and network interruptions in an increasingly digital world. RedSeal helps customers understand their network from the inside, out – and provides rich context, situational awareness and a Digital Resilience Score to help enterprises measure and ultimately build greater resilience into their infrastructure. Government agencies and Global 2000 companies around the world rely on RedSeal to help them improve their overall security posture, accelerate incident response and increase the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct and channel partner network.

Media contacts

US:
Amy Farrell
Finn Partners
Amy.Farrell@finnpartners.com
617-366-7149

RedSeal Receives 2017 Cloud Computing Security Excellence Award

SUNNYVALE, CALIFORNIA RedSeal, the leader in network modeling and cyber risk scoring, announced today that TMC, a global, integrated media company, has named RedSeal’s network modeling and risk scoring platform as a 2017 Cloud Computing Security Excellence Award winner.

The Cloud Computing Security Excellence Award, presented by Cloud Computing magazine, recognizes companies in two distinct categories that have most effectively leveraged cloud computing in their efforts to bring new, differentiated offerings to market.

Cloud-Delivered Security

With the ever-increasing number of hacks and intrusions, ensuring security of our applications, services, data, and devices has never been more critical.  Exemplary security solutions leveraging the cloud as the delivery model have been recognized.

Cloud Security

For years, one of the chief causes of delay or even rejection of cloud migration has been security. Select products and services keeping cloud infrastructure and applications secure have also been presented with Cloud Security Excellence Awards.

The network modeling and risk scoring platform has been recognized in the cloud security category.

“It’s truly an honor to be recognized as a leader in cloud computing security by TMC,” said Ray Rothrock, CEO and chairman of RedSeal. “We are continuously expanding our product to address the significant challenges organizations face in managing security across their hybrid datacenters. RedSeal models cloud-based networks alone or as part of a complete network – in combination with virtual and on-premise networks. The information we provide is a foundation for enterprises to become more resilient to cyber events, which means they can quickly navigate through cyber incidents and rapidly rebound, minimizing impact on business performance.”

RedSeal’s security analytics platform builds an accurate, up-to-date model of an organization’s entire, as-built network to visualize access paths, prioritize what to fix, and target existing cybersecurity resources to protect your most valuable assets. With RedSeal’s Digital Resilience Score, decision makers can see the security status and benchmark progress toward digital resilience.

“Recognizing leaders in the advancement of cloud computing, TMC and Cloud Computing magazine are proud to announce RedSeal’s network modeling and risk scoring platform as a recipient of the Cloud Computing Security Excellence Award,” said Rich Tehrani, CEO, TMC. “RedSeal is being honored for their achievement in bringing innovation and excellence to the market, while leveraging the latest technology trends.”

About RedSeal

RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprise networks to be resilient to cyber events and network interruptions in an increasingly digital world. RedSeal helps customers understand their network from the inside, out – and provides rich context, situational awareness and a Digital Resilience Score to help enterprises measure and ultimately build greater resilience into their infrastructure. Government agencies and Global 2000 companies around the world rely on RedSeal to help them improve their overall security posture, accelerate incident response and increase the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct and channel partner network.

About TMC
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