Companies spend huge sums of money every year to maintain a security perimeter designed to fend off cyber threats. According to Gartner, worldwide spending on information security has reached $92 billion in 2016, and is expected to grow to $116 billion by 2019. However, accelerating security incidents and data breaches of massive scale at companies such as Yahoo!, Anthem, SWIFT, and the US Voter Database are raising doubts about the effectiveness of these investments.
RiskSense pioneered the category of cyber security risk management in response to the increasing challenges of extracting actionable intelligence from the massive volume of data generated by the patchwork of cyber security products, including vulnerability scanners, threat intelligence feeds, and other complex security systems. Enterprises are seeking solutions to unify and contextualize the feeds from these disconnected, siloed tools and then prioritize and remediate those cyber risks that pose the biggest business impact. Rather than adding more tools, organizations are recognizing the need to implement a new, more efficient enterprise security model.
To address these challenges, RiskSense provides a new, pro-active approach to cyber security risk management that enables enterprises and government to reveal cyber risk, quickly orchestrate remediation, and monitor the results. This is done by unifying and contextualizing internal security intelligence, external threat data, and business criticality across a growing attack surface.
Manual approaches can take months, during which time attackers can exploit vulnerabilities, causing damaging cyber breaches and loss of valuable data. RiskSense automates these processes, empowering organizations to reveal imminent cyber risks, increase the productivity of their limited cyber security staff, and minimize attack surface exposure.
Based on the company’s innovation in the cyber security space, Gartner named RiskSense as one of the leading vendors in their report on Security Operations, Analysis, and Reporting.
About this category: Best Cybersecurity Startup
The Cybersecurity Excellence Awards recognize young cybersecurity companies with early proof that their product or service works. There is no limit on age or funding: any company that considers itself a startup can enter.
An independent jury of security practitioners, analysts and CISOs scores each nomination on leadership, innovation and impact. Each nomination competes in its category against organizations of similar size and region. Entry packages, sponsorship and public votes do not affect the jury's scores.
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