RiskSense - Tech Startup of the Year
Company: RiskSense, Sunnyvale, CA
Company Description: RiskSense, Inc., is the pioneer and market leader in pro-active cyber risk management solutions that allow enterprises and governments to contextualize internal security intelligence, external threat data feeds, and business criticality to identify imminent cyber risks and prioritize remediation actions.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Tech Startup of the Year- Software
Nomination Title: RiskSense, Inc.
Tell the story about what this nominated organization has achieved since January 1, 2016 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Begin this section with the date since January 1, 2016 on which this organization began operations.
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.
RiskSense offers a unique value proposition as it serves both as a force-multiplier for increasingly scarce cyber security operations talent, as well as providing cyber risk management visibility and best practices for the C-Suite. By leveraging RiskSense’s cyber security risk management solution, organizations can significantly reduce risk, reduce costs, improve response readiness, and increase risk-posture visibility.
The RiskSense Platform uses patented technology and leverages existing technology investments to contextualize internal security intelligence (e.g., from SIEM systems, vulnerability scanners, configuration management systems), external threat data feeds (e.g., exploits, malware, threat actors, reputational intelligence), and business criticality to identify imminent cyber risks and prioritize remediation actions for physical and virtual assets within an organization’s infrastructure. In turn, organizations are offered a risk-based prioritization of the gaps that need to be mitigated first based on their business impact.
Ultimately, RiskSense empowers enterprises and governments to apply proper cyber hygiene, strengthen their cyber security programs, lower remediation costs, dramatically shorten time-to-remediation, and overall lower the risk of the impact of cyber-attacks on the business.
RiskSense’s innovation in the market has been validated and affirmed by the company’s winning Fortune 100 customers in large-scale deals against many public and private competitors. For example, RiskSense was selected over its competition by the third largest telecommunications company in the United States to transform their cyber risk management practices and build the foundation for delivering advanced managed security services to their client base. Proof of concepts showed RiskSense’s modern technology was 20 to 30 times better in scalability and performance, and with a return of investment rate deemed best-in-industry. The company’s success is reflected in 100 percent year-over-year growth and rapid expansion of its employee base. For instance, RiskSense opened a new hub in Silicon Valley, which complements its 18,000 square foot office in Albuquerque, New Mexico.
Based on the company’s innovation in the cyber risk management space, Gartner named RiskSense as one of the leading vendors in their report on Security Operations, Analysis, and Reporting. Furthermore, the company and its cyber risk management platform have received close to three dozen industry accolades in 2016 alone, including 2016 SINET 16 Innovator, 2016 Security Products New Product of the Year, Best Risk Management Solution of 2016 by Cyber Defense Magazine, 2016 Gold Awards Winner for Information Security and Risk Management Innovations by the Golden Bridge Awards, and Gold Awards Winner in the 2016 IT World Awards for Information Security and Risk Management.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2016 (up to 150 words).
-100 percent year-over-year growth.
-Geographic expansion by opening a new office in Silicon Valley.
-Exception vertical scale, serving organizations across the government; banking, financial services, and insurance; healthcare; telecommunications; retail; higher education; new media; and utilities markets.
-RiskSense has invested heavily in research, leading to a variety of patents that are part of the DNA of the RiskSense Platform.
-To stay ahead of cyber adversaries, RiskSense employs a deep bench of security researchers and collaborates via its Fellowship Program with leading IT and cyber security programs at New Mexico Tech, UC Riverside, and Carnegie Mellon University, among others.
-RiskSense’s founder and chief executive officer has been published in over 120 peer-reviewed publications in the areas of information assurance, malware analytics, digital forensics, data mining, and bioinformatics.
-Gartner named RiskSense as one of the leading vendors in Security Operations, Analysis, and Reporting.
Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2016?