RiskSense - Governance, Risk & Compliance Solution
Company: RiskSense, Inc., Sunnyvale, CA, USA
Company Description: RiskSense, Inc., is the pioneer and market leader in pro-active cyber risk management. The company enables enterprises and governments to unify and contextualize internal security intelligence and external threat data across the entire computing stack, then correlate the findings with business criticality to identify imminent cyber risks and prioritize remediation actions.
Nomination Category: Products & Product Management Categories
Nomination Sub Category: Best New Product or Service of the Year - Software - Governance, Risk & Compliance Solution
Nomination Title: RiskSense
Tell the story about this nominated product or service (up to 650 words). Describe its function, features, benefits, and performance to date.
In today’s dynamic threat landscape, cyber security has taken center stage for many organizations when it comes to their governance and risk management practices. In the past, cyber security was left to either dedicated security operations experts or members of the IT team. To tackle the threats, companies spend huge sums of money every year to maintain a security perimeter designed to fend off cyber and insider 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.
Thus, more and more board of directors are forcing their businesses to incorporate cyber risk management into their overall governance, risk, and compliance management practices. In this context, RiskSense is re-shaping the risk management industry by automating security intelligence discovery, analytics, and prioritization on an enterprise scale. RiskSense enables true continuous diagnostics and mitigation, reducing manual efforts costing $10ms, and making security risk posture trending possible to report transparently to internal stakeholders and regulators. Some of the largest Global 2000 companies and government agencies rely on RiskSense for real-time, end-to-end security risk warning, prevention, and remediation. With RiskSense organizations are finally able to gain near real time insight into their state of risk and align it with business objectives. 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.
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 more than three dozen industry accolades over the last 12 months, including 2017 American Business Gold Awards Winner for Tech Software Startup of the Year, 2017 American Business Silver Awards Winner for Best Software Company of the Year, 2017 GOVIES Gold Award Winner for Best Security and Risk Intelligence Solution, 2017 Leader in Vulnerability Management by Cyber Defense Magazine, Cyber Defense Magazine’s Editor’s Choice Award for Best Risk Management Solution, 2017 Cybersecurity Excellence Awards Winner for Best Vulnerability Management Solution, 2016 Deloitte Technology Fast 500 Honoree (#178th in Software / #319th Overall), and 2016 SINET 16 Innovators Awards.
In bullet-list form, briefly summarize up to ten (10) of the chief features and benefits of the nominated product or service.
-Delivers external threat data from the RiskSense Cyber Security Research Center, which is continuously monitoring the cyber space for emerging threats. It unifies this data with threat intelligence feeds from other industry sources to provide the most accurate threat assessment available in the industry.
-Ingests data from a variety of security and IT tools as well as external threat data feeds.
-Protects an organization’s existing technology investments and enhances their value by automating the data aggregation, correlation, and normalization process. The result is a contextualized, risk-based view of your organization’s cyber security posture, allowing your security and IT teams to move from detection to remediation in minutes, not months.
-Built-in workflow and remediation support, inclusive of detailed remediation steps for each vulnerability.
-With RiskSense you can identify, visualize, prioritize, and orchestrate remediation of cyber risks across the growing attack surface, not just the network layer.