RiskSense - Most Innovative Tech Company of the Year
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: Company / Organization Categories
Nomination Sub Category: Most Innovative Tech Company of the Year - Up to 100 Employees
Nomination Title: RiskSense
Tell the story about what this nominated organization has achieved since 1 January 2016 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
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.
One of the challenges of today’s dynamic threat landscape is that most traditional security tools are silo-based and require legions of staff to comb through the huge amount of data to connect the dots and find the needle in the haystack. These efforts can take months, during which time attackers can exploit vulnerabilities and extract data. Matter of fact, research studies show that 94 percent of data breaches are preventable by applying proper cyber hygiene and pro-active risk management. Breaking down silos and automating security operations tasks is therefore essential for implementing a new enterprise security model.
To meet these demands, RiskSense has pioneered a new, pro-active approach to cyber risk management that identifies, visualizes, prioritizes, and orchestrates the remediation of cyber risks across a growing attack surface. In turn, the RiskSense Platform transforms cyber risk management into a more pro-active, collaborative, and real-time discipline. The platform embodies the expertise and deep knowledge RiskSense has gained from defending critical networks against the world’s most dangerous cyber adversaries. As part of a team that collaborated with the U.S. Department of Defense and U.S. Intelligence Community, RiskSense founders developed Computational Analysis of Cyber Terrorism against the U.S., Support Vectors Intrusion Detection, Behavior Risk Analysis of Vicious Executables, and the Strike Team Program.
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 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 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, and 2016 Deloitte Technology Fast 500 Honoree.
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).
-Introduced first cyber risk management platform that spans network, application, and database layers.
-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?