Tag: cybersecurity

  • PNB Strengthens Digital Security with Migration to New ‘bank.in’ Domain

    On 19 August, Punjab National Bank said that it has chosen the domain name bank.in and that, instead of using the current www.pnb.co.in, its website will now be www.pnb.bank.in.

    PNB Strengthens Digital Security

    “In accordance with the RBI circular on ‘Migration to ‘.bank.in’ Domain’ dated April 22, 2025, and with the assistance of the Institute for Development and Research in Banking Technology (IDRBT), which is the sole registrar for this domain, the bank has successfully moved its corporate website to the ‘.bank.in’ domain (https://pnb.bank.in),” the bank said in a statement. It further stated that this is a major turning point in the digital transformation of the Indian banking industry.

    PNB Becomes First Public Sector Bank to Move to ‘.bank.in’

    With the recent change, PNB has reaffirmed its dedication to providing its clients with safe and secure digital banking by being the first public sector bank in India to move its corporate website to the secure “.bank.in” domain. Only banks are allowed to use the “.bank.in” domain, which offers better protections against fraud, fortifies the cyber security architecture, and boosts public trust in online banking.

    Why RBI Introduced the ‘.bank.in’ Domain?

    PNB took this action in response to the RBI’s statement that rising rates of digital payment fraud are a serious concern in its development and regulatory policies following the monetary policy committee meeting on February 7 of this year. The RBI is launching the “bank.in” special domain for Indian banks in an effort to counteract this.

    Benefits of the ‘.bank.in’ Domain for Customers

    By streamlining safe financial services and lowering cybersecurity risks and criminal activities like phishing, this programme seeks to increase public confidence in online banking and payment systems.

    Role of IDRBT as the Exclusive Registrar

    The sole registrar will be the Institute for Development and Research in Banking Technology (IDRBT). The real registration process will start in April 2025. Bank-specific instructions will be released separately. According to the RBI, other non-bank organisations in the financial industry will eventually have their own domain, “fin.in”.

    Quick
    Shots

    •Move in line with RBI’s April 22,
    2025 circular on migration to “.bank.in” domains.

    •PNB becomes the first public sector
    bank in India to adopt the “.bank.in” domain.

    •Exclusive to banks, preventing misuse
    by fraudulent sites.

    •Rising cases of digital payment
    frauds flagged in RBI’s Feb 7 MPC meeting prompted the move.

    •Strengthened cyber security
    framework.

  • Cybersecurity Giant CrowdStrike Lays Off 500 Employees

    500 workers will be let go by CrowdStrike. The decision to lay off roughly 5% of its global workforce was made public by the cybersecurity software company on 7 May.

    George Kurtz, the CEO of the company, claims that this choice is consistent with the plan to advance artificial intelligence’s use in business operations. A regulatory filing was used to announce the layoffs. CEO Kurtz clarified that artificial intelligence has become a key component of the business’ operations in a memo that was part of the filing.

    According to him, AI is helping CrowdStrike increase creativity, lessen the need for aggressive hiring, and enhance departmental results. According to Kurtz, AI has always been a key component of the business’s operations.

    AI helps brands innovate from idea to product more quickly and flattens the hiring curve. It increases client results, expedites the go-to-market process, and boosts front and back office productivity. AI is a force multiplier for the entire company.

    CrowdStrike will Continue Hiring

    In spite of the layoffs, CrowdStrike reiterated that it will keep hiring in crucial areas, especially in its go-to-market and customer success teams, in order to achieve its goal of $10 billion in recurring revenue annually.

    Between $36 million and $53 million will be charged as a result of the layoffs, which are anticipated to be finished by the end of the fiscal second quarter.

    According to Kurtz, the business will start holding meetings with impacted workers the next day and will finish these discussions as soon as feasible throughout all regions, in compliance with regional regulations and consultation mandates.

    Additionally, Kurtz presented the layoffs as a targeted attempt to reorganise the company for sustained expansion. He pointed out that CrowdStrike is consciously choosing to grow in a disciplined manner while still providing value to its clients.

    Layoffs Part of Workforce Adjustment

    In recent months, the technology industry has seen a broader trend of labour modifications, which includes the layoffs at CrowdStrike. Numerous businesses, including the tech giants, have recently announced additional layoffs; the majority of these have also been connected to the growing impact of artificial intelligence and general financial instability.

    Meta apparently laid off more than 100 workers in its Reality Labs business, which specialised in wearable technologies and virtual reality, earlier in April. According to reports, this action was taken to streamline collaboration between teams developing VR hardware and experiences.

    In April, Intel also revealed that it would be laying off around 21,000 workers, or over 20% of its staff. The corporation clarified that while it adjusts to changes under its new CEO, the layoffs are a part of a significant restructuring.

     In the meantime, Microsoft has decided to stop outsourcing after-sales assistance and is closing its operations in China, which will affect some 2,000 workers.

    In an effort to streamline its organisational structure, the corporation is apparently considering further layoffs that might take place in May, possibly focusing on middle management and non-coding positions.

  • Exabeam Magnifies Its Cloud-Native Presence in the UK

    With the launch of its New-Scale Security Operations Platform in the UK, Exabeam, the industry leader in intelligence and automation for security operations, has made it the tenth region in which its cloud-native security information and event management (SIEM) solution satisfies in-country data residency requirements. The New-Scale Platform cloud is now available in the UK, Germany, and Switzerland thanks to this expansion, which is based on Google Cloud and gives businesses access to best-in-class analytics, security intelligence, and automation to keep ahead of changing threats. With more than ten years of experience incorporating machine learning (ML) and artificial intelligence (AI) into security systems, Exabeam produces tangible outcomes quickly that surpass industry hype.

    What New-Scale Platform Offers?

    The New-Scale Platform, which is based on Google Cloud’s safe, scalable infrastructure, gives security teams the tools they need to streamline security operations and speed up response times through automated investigations, behavioural analytics, and AI-driven threat identification. Exabeam prioritises client experience, automated efficiency, and AI-powered security operations that have a noticeable impact, in contrast to many vendors who overburden the market with marketing language. Extending the Exabeam cloud footprint into the UK, according to UKI Vice President Kev Eley, provides security teams with the local data residency they want without compromising automation, performance, or scale. AI-driven security intelligence is now fully available to UK organisations, enabling them to improve compliance, expedite investigations, and identify threats more quickly.

    The Expansion Aligns with UK’s AI Opportunities Action Plan

    By highlighting cybersecurity as a key component of AI adoption across industries, the UK’s AI Opportunities Action Plan is directly supported by the New-Scale Platform’s expansion. Securing AI-driven innovation is crucial as the UK government cultivates an ecosystem powered by AI, which is propelling improvements in manufacturing, healthcare, education, financial services, and government operations. Exabeam enables UK businesses and public sector organisations to safeguard sensitive data, lower risk, and uphold compliance while utilising AI to boost productivity, efficiency, and service delivery by facilitating quicker threat detection, investigation, and response (TDIR).

    Ian Thomas, CEO of Sapphire, shared his thoughts on the launch, saying that traditional security systems aren’t keeping up with the unprecedented rate at which cyberthreats are growing. By providing AI-powered automation, the Exabeam New-Scale Platform transforms the game and lets security teams avoid playing catch-up with attackers. For organisations that require quicker and more intelligent threat detection, the fact that it is now accessible in the UK is a major plus.

  • BitSight Technologies: Leading Security Ratings Solution

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by BitSight Technologies.

    While cybersecurity threats and vulnerabilities continue to increase and evolve, companies often don’t understand security performance. Even many of them cannot evaluate their security performance, let alone the risk posed by third or fourth-party vendors. But with the right cybersecurity assessment tool, companies can accurately measure their security posture and vendor ecosystem.

    BitSight Technologies is a renowned US-based company that developed security ratings to measure the enterprises, government agencies, and educational institutions’ security performance and cyber risk. Review the article to learn about BitSight Technologies’ startup story, founders, mission, products, funding, growth, and more.

    BitSight Technologies – Company Highlights

    Company Name BitSight Technologies
    Headquarters Boston, Massachusetts, United States
    Sector Cybersecurity
    Founders Nagarjuna Venna and Stephen Boyer
    Founded 2011
    Valuation $2.4 billion (2021)
    Website Bitsight.com

    About BitSight Technologies
    BitSight Technologies – Industry
    BitSight Technologies – Founders and Team
    BitSight Technologies – Startup Story
    BitSight Technologies – Mission and Vision
    BitSight Technologies – Business Model
    BitSight Technologies – Revenue Model
    BitSight Technologies – Products and Services
    BitSight Technologies – Challenges Faced
    BitSight Technologies – Funding and Investors
    BitSight Technologies – Mergers and Acquisitions
    BitSight Technologies – Growth
    BitSight Technologies – Partners
    BitSight Technologies – Awards and Achievements
    BitSight Technologies – Competitors

    About BitSight Technologies

    BitSight Technologies is transforming how enterprises, government agencies, and educational institutions manage performance, exposure, and cyber risk for themselves and their third parties. Moreover, organizations rely on BitSight Technologies to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss.

    The platform is built over a decade of technological innovation, and its integrated solutions deliver value across enterprise security performance, cyber insurance, digital supply chains, and data analysis. This Boston-based company serves 3000+ global customers, with 180+ government agencies and quasi-governmental authorities relying on it.

    BitSight Technologies – Industry

    BitSight Technologies serves in the cybersecurity industry, with a global market size estimated at $221.72 billion in 2022. And the market is forecasted to grow to $657.02 billion by 2030 with a noteworthy CAGR of 14.59%. The market is witnessing tremendous growth due to increased data breaches, rising digitalization, and advanced cyber intrusions.

    During Covid-19, many organizations shifted to remote working culture and deployed cyber security solutions, resulting in market growth. Some prominent cybersecurity players are McAfee, Inc., Palo Alto Networks, Cisco Systems, Inc., and Trend Micro Incorporated.

    Size of cyber security market worldwide from 2020 to 2030
    Size of cyber security market worldwide from 2020 to 2030

    BitSight Technologies – Founders and Team

    Nagarjuna Venna and Stephen Boyer are the co-founders of BitSight Technologies.

    Nagarjuna Venna

    Nagarjuna Venna - Co-founder, BitSight Technologies
    Nagarjuna Venna – Co-founder, BitSight Technologies

    Nagarjuna Venna has earned a B.Tech in Computer Science & Engineering from the National Institute of Technology Warangal and an M.Sc. in MS, SDM Fellow from Massachusetts Institute of Technology. He worked as Principal Engineer at Brix Networks and Product Manager at EXFO Service Assurance. In addition to co-founding BitSight Technologies, he co-founded Saperix Inc. in 2010, which was acquired by Firemon in 2011.

    Stephen Boyer

    Stephen Boyer - Co-founder and CTO, BitSight Technologies
    Stephen Boyer – Co-founder and CTO, BitSight Technologies

    Stephen Boyer completed B.Sc. in Computer Science from Brigham Young University and System Design and Management from Massachusetts Institute of Technology. He is the ex-Software Engineer at Caldera, and he co-founded Saperix Inc. in 2010, which was acquired by Firemon in 2011. Currently, Stephen is the Co-founder and CTO of BitSight Technologies and a Member of the CNBC Technology Executive Council.

    BitSight Technologies Team

    • Steve Harvey – Chief Executive Officer (CEO)
    • Dave Fachetti – Chief Strategy Officer
    • Mark Desautelle – Chief Customer Officer
    • Alex Laats – Chief Product Officer & GM
    • James Hillier – Chief Financial Officer
    • Catherine Harrell – Chief Marketing Officer
    • Derek Vadala – Chief Risk Officer

    Steve Harvey

    Steve Harvey is the CEO of BitSight Technologies. Previously, he worked at Dow Jones as Managing Director, RiskMetrics Group as Head of Global Account Management, and ISS as Chief Operating Officer.

    BitSight Technologies is a team of 800 employees.

    BitSight Technologies – Startup Story

    Stephen Boyer co-founded BitSight Technologies in 2011 with his friend and grad school classmate, Nagarjuna Venna. They devised the original idea of creating a global cybersecurity ratings system. Stephen had spent years before grad school working in cybersecurity for the United States government, so he knew many of the challenges the companies faced.

    Nagarjuna and Stephen incorporated BitSight Technologies because they focused on improving cybersecurity’s state worldwide. The company introduced Portfolio Thresholds and Analytics in 2016. BitSight Technologies delivered the first objective measurement of national cybersecurity risk after a year in 2017.

    In 2018 the company unveiled the Industry’s first cybersecurity performance planning and in 2019 Analytics Solution and Peer Analytics. It enhanced the third-party risk management platform to help companies respond to significant vulnerabilities in 2022. A year later, in April 2023, the company expanded into a broader integrated cyber risk management category.

    BitSight Technologies – Mission and Vision

    BitSight Technologies aims to change the state of cybersecurity. The company is on a mission to free the global economy from the impact of cyber incidents, empowering organizations to make better cyber risk decisions and grow confidently in the digital economy.

    BitSight Technologies – Business Model

    BitSight Technologies offer the most widely adopted Security Ratings solution helping enterprises understand their vendors, clients, and other third or fourth parties’ security performance. The company’s ratings range from 250 to 900, with higher ratings indicating better cybersecurity performance. Security ratings consider things such as historical security performance and performance change over time.

    BitSight Technologies formulates security ratings by collecting security information from billions of stored data points and online events. This data allows the company to see the indicators of compromise, infected machines, cyber hygiene, harmful user behavior, and cybersecurity controls in the client’s organization, allowing BitSight Technologies to create an overall rating of the organization’s security performance.

    BitSight Technologies – Revenue Model

    BitSight Technologies is a subscription-based model, with annual fees ranging from a few thousand dollars to analyze a single organization to over $1 million to review thousands of suppliers.

    BitSight Technologies – Products and Services

    BitSight Technologies provides three products: Security Performance Management, Third-Party Risk Management, and Cyber Insurance.


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    BitSight Technologies – Challenges Faced

    BitSight Technologies acquired Israeli startup VisibleRisk in September 2021 to set up a local R&D center but shut it down in February 2023 because of the financial crisis in general and high-tech. In addition, 40 employees working in the center were laid off.

    BitSight Technologies – Funding and Investors

    BitSight Technologies raised $401.6 million by undertaking 7 funding rounds. Its latest funding round – Corporate Round, was conducted on September 13, 2021, and raised $250 million. Moreover, the Seed Round was completed on April 15, 2011, by securing $1 million. Some leading investors who back the company are Moody’s Investors Service, Menlo Ventures, GGV Capital, Warburg Pincus, Singtel Innov8, and Globespan Capital Partners.

    Date Round Number of Investors Money Raised Lead Investor
    September 13, 2021 Corporate Round 1 $250 million Moody’s Investors Service
    June 28, 2018 Series D 4 $60 million Warburg Pincus
    September 15, 2016 Series C 8 $40 million GGV Capital
    June 25, 2015 Series B 9 $25.6 million Comcast Ventures
    June 05, 2013 Series A 7 $24 million
    January 17, 2012 Grant 1 $1 million National Science Foundation
    April 15, 2011 Seed Round 3 $1 million

    BitSight Technologies – Mergers and Acquisitions

    BitSight Technologies acquired three companies, including ThirdPartyTrust on August 4, 2022, VisibleRisk on September 13, 2021, and Anubisnetworks on October 21, 2014.

    BitSight Technologies – Growth

    The valuation of BitSight Technologies increased from $155 million in 2018 to $2.4 billion in 2021. In August 2021, the company closed H1 2022, surpassing $100 million ARR (annual recurring revenue). BitSight Technologies’ revenue grew 280% during this period. It witnessed exceptional momentum in the public sector, growing 42% YOY.

    BitSight Technologies – Partners

    BitSight Technologies has partnered with:

    • Glass Lewis
    • Schneider Electric
    • Telefonica
    • ServiceNow
    • Moody’s Corporation

    BitSight Technologies – Awards and Achievements

    BitSight Technologies garnered recognition from industry experts:

    • Ranked among Fastest-Growing Companies in North America on the 2021 Deloitte Technology Fast 500 list
    • Recognized as a 2020 Gartner Peer Insights Customers’ Choice for IT Vendor Risk Management Tools
    • Ranked 246 Fastest Growing Companies in North America on Deloitte’s 2019 Technology Fast 500 list
    • Named as a Leader in The Forrester New Wave: Cybersecurity Risk Rating Solutions, Q4 2018 evaluation in 2018

    Bitsight – Cyber Risk Management as Visionary as You Are

    BitSight Technologies – Competitors

    Some alternatives and competitors of BitSight Technologies are as follows:

    • SecurityScorecard
    • OneTrust
    • UpGuard
    • RiskRecon
    • Prevalent
    • Black Kite
    • ServiceNow

    FAQs

    What does BitSight Technologies do?

    BitSight Technologies is transforming how enterprises, government agencies, and educational institutions manage performance, exposure, and cyber risk for themselves and their third parties.

    Who are the founders of BitSight Technologies?

    Nagarjuna Venna and Stephen Boyer are the co-founders of BitSight Technologies.

    Who are the main competitors of BitSight Technologies?

    The main competitors of BitSight Technologies are SecurityScorecard, OneTrust, UpGuard, RiskRecon, Prevalent, Black Kite, and ServiceNow.

  • Top 10 Best Password Managers You Need to Use In 2023

    In an increasingly interconnected world, where online tools and services play an integral role in both our personal and professional lives, password security has become a critical concern. From social media accounts to financial platforms and email services, passwords serve as the first line of defense for protecting our sensitive information.

    However, with the growing number of online accounts and services, the task of managing passwords has become a daunting challenge for many. In response to this dilemma, password managers have emerged as indispensable tools that simplify and fortify our digital security. A password manager streamline the process by storing all passwords in one secure account. Notable features include generating random passwords, easy access to multiple accounts, convenient autofill, and secure password sharing.

    Studies have shown that the majority of people use very weak passwords and reuse them on different websites. In fact, nearly 35% are using the same password for most of their online logins. The best password managers are the ones which are easy to use and let you manage all your online passwords in a protected and easier way.

    In this blog, we delve into the world of password managers to explore the top solutions available today. Discover how these innovative tools not only generate robust and unique passwords but also streamline access to multiple accounts, offer autofill convenience, and ensure secure password sharing. Our curated list of the best password managers will empower you to take control of your online presence and protect your valuable data with ease.

    Top 10 Reliable Password Managers

    Password Managers are very useful for protecting and managing multiple passwords for different platforms in a unified and centralized place.

    Let’s look at some of the Top password Managers of 2023.

    1. RoboForm
    2. Dashlane
    3. NordPass
    4. LastPass
    5. 1Password
    6. Bitwarden
    7. Keeper
    8. Zoho Vault
    9. LogMeOnce
    10. mSecure

    RoboForm

    Website www.roboform.com
    Rating 4.6/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Families and Team

    Roboform - password manager software
    Roboform | Best Password Managers

    RoboForm is the password safety solution. Its powerful admin panel centralizes the password of employees. Enjoy the benefits of automated password management and secure your system from external and internal threats.

    It not only securely stores your passwords from different sites but also keeps them up-to-date and organized. You only need to create a master password for Roboform to access and manage all the passwords.

    The master password is not stored on the server to ensure security. You can easily create your account within 2 minutes and onboard your employees, assign the desired roles and permission.

    Pros:

    • More than 6 million users and 10 thousand companies are using it
    • Secure, intuitive, and easy-to-use interface
    • AES-256-bit encryption for password creation, storing and sharing

    Cons:

    • The pricing structure for the business plan is messed up
    • Not provide monthly billing

    Pricing Plans

    Personal and Family Plan

    Plan Yearly Price
    Free $0
    Everywhere $1.99/month
    Family $3.98/month

    Team and Business Plan

    Plan Yearly Price
    1 Year Subscription $39.95/user/year
    3 Year Subscription $33.95/user/year
    5 Year Subscription $29.95/user/year


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    Dashlane

    Website www.dashlane.com
    Rating 4.5/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Mid-sized Companies and Online Security

    Dashlane - top password manager
    Dashlane | Best Password Managers

    Dashlane is a robust and powerful password manager that helps to store, share, and use your passwords with full security. An automatic password manager is vital for the security, productivity, and profitability of the business. It eliminates weak, reused, and vulnerable passwords.
    It auto-fills the password whenever you or your employee needs it.

    Security is the most promising feature of this software, it even removes all your databases from their side when you leave Dashlane.

    Its password generator tool generates very strong passwords for you and reminds you to update the vulnerable password for better security.

    Pros:

    • Dark web insights
    • VPN for wifi protection on Team and business plan
    • Implementation of 2FA (2-factor authentication)
    • Easy password-sharing option

    Cons:

    • The free plan is not available in the business category
    • It auto-fills the one credential if you’ve multiple credentials for one site, so you need to delete it and re-enter

    Pricing Plans

    Plan Price
    Starter $2/user/month
    Team $5/user/month
    Business $8/user/month


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    NordPass

    Website www.nordpass.com
    Rating 4.5/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Business and Account Management

    Nordpas - best password manager
    Nordpass | Best Password Managers

    NordPass is a password manager that stores all your sensitive information like passwords, credit card credentials, and other information on its secured server. It uses a zero-knowledge architecture to ensure all the data is stored in an encrypted form in the Nordpass vault.

    To ensure an additional layer of security, it uses multi-factor authentication. So, to login into your account, you also need to prove your identity after entering the master password.

    Easily add members to your account and allow them to use the passwords based on the roles you’ve assigned. You have the power to remove any user from the list at any time. To auto-generate strong passwords, you can play with settings, like you can set the number of characters, digits, special characters, and capital letters. A combination of all these characters will create a much stronger password for you.

    Pros:

    • More than 2.5 million users and 1500 companies worldwide are using it
    • XChaCha20 encryption
    • Monitor your account in real-time to prevent data breaches
    • The auto lock system automatically locks the password manager after a set amount of time

    Cons:

    • You can’t share your password in a free plan
    • The free version is available for only one device

    Pricing Plans

    Plan Price
    Business $3.99/user/month
    Enterprise Contact sales


    Try NordPass Now


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    LastPass

    Website www.lastpass.com
    Rating 4.6/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Families and Small Team

    Lastpass - best password manager software
    LastPass | Best Password Managers

    A password manager is a need for any business to securely save and use its sensitive information, and LastPass helps in this regard. Now you do not need to remember all the passwords, you only need to remember one password, which is the password for LastPass. Generate as much stronger passwords as you can and access them in a single click.

    It significantly removes the burden of remembering complicated passwords for hundreds or thousands of sites. Auto-fill your form and password in a single click with full security.

    Add all other notes securely into your LastPass vault and get access to it anytime, anywhere. Easy accessibility on all major web browsers and mobile devices.

    Pros:

    • Access your Lastpass vault using Lastpass authentication without entering the master password
    • Dark web monitoring
    • Get alerts when there is any risk of a data breach
    • Multi-factor authentication and AES-256-bit encryption

    Cons:

    • For some websites, auto-fill doesn’t work properly
    • Less option to import passwords

    Pricing Plans

    Plan Price (Billed Annually)
    Team $4/user/month
    Business $6/user/month


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    1Password

    Website www.1password.com
    Rating 4.7/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Businesses and Families

    1password - best password manager software
    1password | Best Password Managers

    1Password, As the name suggests, you only need to remember one password and you become eligible to login into different sites. It makes it easy to organize your secure information and autofill the password on the websites.

    Extension for all the major web browsers and mobile apps for iOS and Android makes it easier to use it on any device. Whenever you sign up for a new account, you can generate a strong password using a password generator of 1Password. After the sign-up process, it will automatically save this password in a vault for future login.

    Apart from saving and using the password, you can also save your personal information and credit card information for fast filling out the personal information form and payment form.

    Pros:

    • Checks weak and compromised passwords and suggests changes
    • It regularly removes the password from the clipboard to ensure the safety
    • AES-256-bit encryption
    • The secure remote password helps to authenticate your master password without sending it over the Internet

    Cons:

    • The price is comparatively high
    • Doesn’t allow you to move items from one vault to another directly
    • Headquartered in Canada, a member of the 5 eye alliance

    Pricing Plans

    Plan Price (Billed Annually)
    Individual $2.99/user/month
    Families $4.99/user/month
    Team starter pack $19.95/user/month
    Business $7.99/user/month


    Start Using 1password Now

    Bitwarden

    Website www.bitwarden.com
    Rating 4.7/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Businesses and Individuals

    Bitwarden - top password manager
    Bitwarden | Best Password Managers

    Bitwarden is an open-source password management tool. It is always a better option to conduct a self-assessment of every product before making the final decision. Bitwarden does provide all the essential features of a password manager but there are some security metrics you need to analyze.

    Bitwarden’s AI analyzes the vault and looks for weak, reused, and vulnerable passwords to make them even stronger. Since there are always some ups and downs when we compare different products under the same niche, we need to go through all the features.

    It provides its plan for individuals as well as businesses to improve their privacy and security. It conducts an extensive list of audits which puts it slightly on the upper side of the competition.

    Pros:

    • Open source code is available to view the vulnerability at all times
    • Zero-knowledge architecture
    • Conduct third-party compliance with privacy shield, GDPR, and CCPA

    Cons:

    • Less appealing user interface
    • A limited number of bitwarden users share confidential information
    • Bitwarden’s headquarter is in California, which is a member country of the 5 eyes alliance

    Pricing Plans

    Plan Price
    Team organization $3/user/month
    Enterprise organization $5/user/month


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    Keeper

    Website www.keepersecurity.com
    Rating 4.7/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Online Businesses and Individuals

    Keeper - best password manager
    Keeper | Best Password Managers

    Keeper is a fully cloud-based secret manager. It securely stores all your secret information like API keys, database passwords, certificates, SSH keys, or any other confidential data. Each secret in the vault is encrypted with an AES-256-bit key and each key is further encrypted with AES. It empowers the employee to access the credential, anywhere, anytime.

    One timeshare feature of the keeper helps to share confidential information without account creation. Information is shared via a secured link which automatically expires after the time you set, one can access the files on only one device.

    It is a boon for IT companies to secure their database, programming, and other file passwords and easily use them on the go. Millions of users and thousands of enterprises are already using Keeper to store their passwords and other confidential information.

    Pros:

    • Access Manager to assign role-based access and permission
    • Zero-knowledge and cloud-based infrastructure
    • Integration with all IT slack
    • Dark web monitoring
    • Separate vault for family members
    • Dev-ops secret management

    Cons:

    • The free plan is not available
    • Slow customer support

    Pricing Plans

    Plan Price
    Business Starter $2.99/user/month
    Business starter $3.75/user/month
    Enterprise Custom Quote

    Zoho Vault

    Website www.zoho.com/vault
    Rating 4.6/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Businesses and Enterprises Users

    Zoho Vault - best password manager
    Zoho Vault | Best Password Managers

    Zoho Vault is the software provided by the very popular software solution provider, Zoho. It is a password manager that helps to store your passwords, documents, credit card information, SSH keys, and much more.

    All the sensitive information is stored in the Zoho data center in encrypted form with AES-256-bit encryption. Because of advanced security features, affordable price, and ease of use, Zoho Vault is a winner of Editor choice password manager.

    Whenever the user demands the password, it decrypts the password on the client side. Your master password is only yours, even Zoho doesn’t store it.

    Pros:

    • Host proof hosting security pattern
    • Free forever plan with a comprehensive list of features
    • No storage limitations
    • Availability of innovative browser extensions and app
    • Unknown IP is restricted

    Cons:

    • UnIntuitive mini password generator
    • Form filling on the websites is not allowed

    Pricing Plans

    Plan Price
    Free forever Rs0
    Standard Rs54/user/month
    Professional Rs248/user/month
    Enterprise Rs432/user/month


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    LogMeOnce

    Website www.logmeonce.com
    Rating 4.8/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Password Management and Identity Security

    Logmeonce password manager
    Logmeonce | Best Password Managers

    LogMeOnce is a US-headquartered company that offers password management services. Apart from other software in this industry, it has a patented QR-based login system. While other providers ask for a master password to log into the account, it offers multiple login options like QR, Selfie, Face, fingerprint, Pin, Password, and Azure. Cloud storage encryption is the additional feature provided by this software that encrypts the files and stored content on the cloud storage sites.

    Pros:

    • Identity theft protection
    • Encryption on cloud storage
    • Passwordless multi-factor authentication
    • Passwordless password management
    • Dark web monitoring

    Cons:

    • Unattractive user interface
    • More than one option for login

    Pricing Plans

    Plan Price
    Team and Business $3/user/month
    Enterprise $4/user/month
    Identity $7/user/month


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    mSecure

    Website www.msecure.com
    Rating 4.5/5
    Free Trial Available
    Platform Supported Web, Android, iPhone/iPad
    Best For Individual and Password Tracking

    mSecure password manager
    mSecure | Best Password Managers

    mSecure password manager offers flexibility and security at the same time. Equipped with the bank-level security standard your password and sensitive information are fully secured. You get all the required features you expect from any password manager app, plus some additional features like adding tags to your records and intelligent syncing.

    It provides flexibility to share the data which you want to share by creating a separate vault. You can permit users to view, edit, share, or download the shared data.

    Some sites like Dropbox ask to scan a QR code for verification when 2FA is on. With mSecure, when you scan this code with a one-time password field, then you can use mSecure to authenticate your Dropbox account in the future.

    Pros:

    • Secure cross-account sharing
    • Biometric unlock for all platforms
    • Industry-standard AES-256-bit encryption
    • Intelligent password syncing via mSecure cloud, Dropbox, iCloud, or wifi.
    • Data merge feature while restoring a backup

    Cons:

    • One can share passwords with only other mSecure users
    • Update related issues

    Pricing Plans

    Plan Price
    Essential $1.99/month
    Premium $2.99/month
    Family $5.99/month
    Teams $23.90/month

    Conclusion

    Embracing a reliable password manager is no longer an option but a necessity in today’s digital landscape. As we explored the top contenders in the world of password management, it became evident that these tools offer a seamless and secure way to protect your online presence.

    With the ability to generate and store strong, unique passwords, effortlessly access multiple accounts, and enhance your overall digital security, password managers empower you to take control of your online life. They serve as an invaluable shield against data breaches, identity theft, and other cyber threats that could have severe consequences on both individuals and organizations.

    As you embark on the journey of selecting the best password manager for your needs, consider the unique features, user-friendliness, and compatibility with your devices and platforms. The peace of mind that comes from knowing your digital life is well-guarded is priceless.

    FAQs

    What is password manager?

    Password managers are tools that securely store and manage all your passwords in one place.

    Why do I need password manager?

    Password manager eliminates the need to remember multiple passwords and enhances your digital security by generating strong and unique passwords for each account.

    What are the best password managers?

    The best password managers to protect your passwords are as follows

    • Roboform
    • Dashlane
    • NordPass
    • LastPass
    • 1Password
    • Bitwarden
    • Keeper
    • Zoho Vault
    • LogMeOnce
    • mSecure

    Is a password manager worth it?

    Password managers are the safest way to keep track of your passwords, as they allow you to use stronger passwords without needing to memorize anything.

    What is the best free password manager?

    Bitwarden is one of the best free password managers. It’s available across iOS and Android. It also has native desktop applications on Windows, macOS, and Linux. It also integrates with every major browser including Chrome, Safari, Firefox, and Edge.

    Are password managers safe to use?

    Yes, password managers use advanced encryption and security measures to protect your passwords. Reputable password managers employ industry-standard encryption protocols to safeguard your data from unauthorized access.

    How do password managers generate strong passwords?

    Password managers utilize complex algorithms to create strong, random passwords that are difficult for hackers to crack.

    What should I consider when choosing the right password manager for my needs?

    When selecting a password manager, consider factors such as security features, user-friendliness, cross-platform support, compatibility with your devices, and the reputation of the provider.

  • Aviatrix: A Pioneer of Secure Cloud Networking Software

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Aviatrix.

    Over the past few years, the business world has been shifting towards hybrid infrastructure services, with the massive growth of cloud and industrialized services and the decline in traditional data center outsourcing. Using hybrid cloud networking platforms, enterprises can scale computing resources, avoid investing capital in handling short-term spikes in demand, and improve business agility and performance.

    With the growth in hybrid cloud networking market size, many businesses are looking for intelligent and secure cloud network solutions. It’s when Aviatrix comes to the help. The US-based company is popular for providing cutting-edge hybrid cloud solutions to enterprises worldwide.

    Consider going through the article to learn more about Aviatrix, including its founders, startup story, business model, growth, and future plan.

    Aviatrix – Company Highlights

    Company Name Aviatrix
    Headquarters Santa Clara, California, United States
    Sector Cloud Networking
    Founders Pankaj Manglik and Sherry Wei
    Founded 2014
    Valuation $2 billion (2022)
    Website Aviatrix.com

    Aviatrix – About
    Aviatrix – Industry
    Aviatrix – Founders and Team
    Aviatrix – Startup Story
    Aviatrix – Mission and Vision
    Aviatrix – Business Model
    Aviatrix – Products and Services
    Aviatrix – Funding and Investors
    Aviatrix – Growth
    Aviatrix – Partners
    Aviatrix – Awards and Achievements
    Aviatrix – Competitors
    Aviatrix – Future Plan

    Aviatrix – About

    Aviatrix is a hybrid cloud network startup offering a suite of networking and security services for the company’s cloud environments. The platform is designed to deliver an enterprise-grade secure cloud network to support databases, artificial intelligence, and cybersecurity.

    With 1800+ combined years of networking experience, Aviatrix serves over 500 innovative enterprises worldwide to accelerate innovation, minimize downtime, and control IT costs. The company’s leading customers include VMware, NASA, Netflix, Informatica, DXC Technology, Ivanti, ChargePoint, and Age of Learning.

    Aviatrix – Industry

    Aviatrix operates in the cloud networking industry by offering hybrid cloud networking software. A hybrid cloud can be explained as a cloud computing environment combining private and public cloud services.

    From $129.43 billion in 2023, the global market size of hybrid cloud networking is projected to reach $348.53 billion by 2028, at a CAGR of 21.9% from 2023 to 2031. Rapidly growing digitization due to Covid-19 and the acceptance of global cloud computing are two factors contributing to the growth of hybrid clouding.

    Besides Aviatrix, Citrix Systems Inc., Amazon Web Services, CISCO Systems Inc., Microsoft, Google, and Splunk Inc., are the key players in the industry.

    Aviatrix – Founders and Team

    Pankaj Manglik and Sherry Wei co-founded Aviatrix in 2014.

    Pankaj Manglik

    Pankaj Manglik - Co-founder, Aviatrix
    Pankaj Manglik – Co-founder, Aviatrix

    Pankaj Manglik studied MBA at The Warton School. He is the ex-product Manager of Cisco Systems and ex-Director of Alteon WebSystems. Moreover, Manglik has been the co-founder and CEO at Aruba and Aviatrix. From 2020 to April 2023, he worked as the Chief Executive Officer at Altos Data.

    Sherry Wei

    Sherry Wei - Co-founder and Advisor, Aviatrix
    Sherry Wei – Co-founder and Advisor, Aviatrix

    Sherry Wei went to Purdue University to complete her Ph.D. in Electrical Engineering. She has been a Member of the Technical Staff at Ardent Communications, acquired by Cisco Systems. Additionally, Wei worked as Engineer Manager at Cisco Systems.

    Co-founder of Aviatrix, Wei has held the role of Chief Product Officer and CTO at the company. Currently, she is Aviatrix’s Advisor and Angel Investor at Alchemist Accelerator.

    Aviatrix Team

    • Doug Merritt – Chief Executive Officer
    • John Jendricks – Chief Operating Officer
    • Cyrous Jamé – Chief Financial Officer

    Aviatrix is a team of nearly 400 employees.

    Aviatrix – Startup Story

    Sherry Wei left her job at Cisco in 2014 to create Aviatrix on the premise that cloud networking is entirely different from data center networking from the enterprise customer’s perspective.

    It was in 2019 that Steve Mullaney, ex-CEO of software-defined Nicira, came out of his retirement and joined Wei at Aviatrix when he saw the massive growth in cloud demand from the companies.

    In August 2019, Aviatrix shifted its headquarters to Santa Clara from Palo Alto, Calif, to expand its office space and accommodate rapid staff expansion. Three months later, in November 2019, the company launched the industry’s first and only multi-cloud networking certification, the Aviatrix Certified Engineer (ACE) program.

    It kicked off the multi-cloud seminar series’ Networking Above the Clouds’ across Europe and North America in 2021. In 2023, Aviatrix launched its online community, ‘The Cloud Network,’ and delivered the industry’s first distributed cloud firewall

    Aviatrix – Mission and Vision

    Aviatrix’s mission is to help businesses achieve their digital transformation goals. The company’s mission statement centers around empowering enterprises to navigate and harness the potential of the cloud securely.

    Aviatrix – Business Model

    Aviatrix is a cloud-native networking software that understands the cloud provider’s native constructs. It enables enterprises to leverage and control the native constructs via cloud provider’s APIs that extend their capabilities and integrate them into Aviatrix’s software. The platform further provides organizations with critical solutions to accelerate their cloud journey.

    The company help solves common networking problems that enterprises encounter on their public cloud journey by providing a common control plane offering multi-account or multi-cloud automation, security services, visibility, advanced transit services, and troubleshooting capabilities.

    Aviatrix – Products and Services

    Aviatrix offers several products and services, including Secure Cloud Networking, Embedded Cloud Network Security, Cloud Network and Security Operations, Secure Cloud Networking Edges, and Advanced Technical Services.

    Moreover, its solutions comprise Aviatrix Distributed Cloud Firewall, Secure Cloud Networking for Service Providers, and Secure Cloud Network Backbone.


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    Aviatrix – Funding and Investors

    Aviatrix raised $340.8 million by conducting 7 funding rounds. Its latest funding round – Venture Series Unknown Round, was raised on December 8, 2022. CrossWork.us, TrueBridge Capital Partners, general catalyst, CRV, Meritech Capital Partners, and Ignition Partners are some investors funding the company.

    Date Round Number of Investors Money Raised Lead Investor
    December 8, 2022 Venture Round 1
    September 8, 2021 Series E 11 $200 million TCV
    February 23, 2021 Series D 8 $75 million General Catalyst
    October 28, 2019 Series C 4 $40 million CRV
    January 18, 2017 Series B 3 $15 million CRV
    February 26, 2015 Series A 2 $10 million
    September 30, 2014 Seed Round 1 $800K Monta Vista Capital

    Aviatrix – Growth

    In 2022, Aviatrix experienced three-year revenue growth of approximately 900%, with double sales and customers per year. Besides this, the company was valued at $2 billion in 2022.

    Aviatrix – Partners

    Aviatrix has over 50 business and technology partners. Some leading partners of the company are as follows:

    • Microsoft Azure
    • Amazon Web Services (AWS)
    • Splunk
    • Palo Alto Networks
    • Terraform Labs
    • Oracle Cloud Infrastructure
    • Megaport
    • Datadog
    • Google Cloud Platform
    • AHEAD

    Aviatrix – Awards and Achievements

    Industry leaders have recognized Aviatrix as it’s named to the:

    • Futuriom 50 list of Strongest Private Companies in Cloud and Communications Infrastructure in 2023, consecutively for the 3rd year.
    • 2022 Deloitte Technology Fast 500 list of Fastest Growing Companies in North America.
    • CNBC’s Inaugural Top Startups for the Enterprise list.
    • Listed as the leader in the 2022 Futuriom Secure Multicloud Networking Report.
    • Recognized as one of the 2022 Inc. 5000 Fastest-Growing Private Companies in America.
    • Awarded Gold for the ‘Best IT Company of the Year for IT Cloud/SaaS’ in the 17th Annual 2022 Information Technology Awards.
    Aviatrix Enterprise Multicloud Backbone Overview

    Aviatrix – Competitors

    Aviatrix ranked second among its 194 active competitors. Some of its direct competitors are listed below:

    • Alkira
    • Prosimo
    • VMware
    • Cisco Systems
    • Comarch
    • Cloudflare
    • Rackspace Cloud

    Aviatrix – Future Plan

    Aviatrix is preparing for a trip to the public markets by aiming to list its shares by the end of 2023.

    FAQs

    What does Aviatrix do?

    Aviatrix is a hybrid cloud network startup offering a suite of networking and security services for the company’s cloud environments. The platform is designed to deliver an enterprise-grade secure cloud network to support databases, artificial intelligence, and cybersecurity.

    Who are the founders of Aviatrix?

    Pankaj Manglik and Sherry Wei co-founded Aviatrix in 2014.

    Who are the main competitors of Aviatrix?

    Alkira, Prosimo, VMware, Cisco Systems, Comarch, Cloudflare, and Rackspace Cloud are some of the main competitors of Aviatrix.

  • Beyond Identity: Developer of Passwordless Identity Management System

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Beyond Identity.

    With more and more businesses, individuals, and governments increasingly relying on the internet, bad actors erode trust, steal intellectual properties, and pilfer funds. And to protect systems and networks from cyberattacks or hacking-related breaches, people consider relying on passwords.

    However, passwords are fundamentally insecure authentical models because these ‘shared secrets’ transit networks are stored insecurely in databases, shared among family and friends, and reused across multiple applications. It’s when Beyond Identity came with the passwordless architecture allowing businesses and individuals to run computers and phones securely without having passwords or credentials in the system.

    Let’s dig in to learn more about Beyond Identity, from its startup story and founders to its business model, funding, products, and growth.

    Beyond Identity – Company Highlights

    Company Name Beyond Identity
    Headquarters New York City, New York, United States
    Sector Cybersecurity
    Founders Jim Clark and Thomas Jermoluk
    Founded 2019
    Valuation $1.1 billion (2022)
    Website Beyondidentity.com

    Beyond Identity – About
    Beyond Identity – Industry
    Beyond Identity – Founders and Team
    Beyond Identity – Startup Story
    Beyond Identity – Mission and Vision
    Beyond Identity – Business Model
    Beyond Identity – Revenue Model
    Beyond Identity – Products and Services
    Beyond Identity – Funding and Investors
    Beyond Identity – Growth
    Beyond Identity – Partners
    Beyond Identity – Awards and Achievements
    Beyond Identity – Competitors

    Beyond Identity – About

    Beyond Identity is the developer of the most secure, passwordless authentication platform for tech forward-thinking enterprises. The company breakdown the barriers between cybersecurity, identity, and device management. Beyond Identity does so by changing how the world logs in by eliminating passwords and providing users with a frictionless multi-factor login experience.

    Beyond Identity – Industry

    In 2022, the global cybersecurity market was estimated at $173.5 billion. And the market is projected to reach $266.2 billion by 2027 with a CAGR of 8.9%. The increased number of data breaches, rising digitalization, and advanced cyber intrusions are some cybersecurity market growth driving factors.

    During the pandemic, many companies shifted to remote working culture and, thus, deployed cyber security solutions, resulting in market growth. Moreover, the market is expected to continue growth due to the hybrid working trend that is anticipated to stay in the future.

    Some prominent players capturing the large size of the global cybersecurity market include McAfee, Palo Alto Networks, Cisco Systems Inc., and Trend Micro Incorporated.


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    Beyond Identity – Founders and Team

    Jim Clark and Thomas Jermoluk are the co-founders of Beyond Identity.

    Jim Clark

    Jim Clark is a serial entrepreneur who earned a bachelor’s and master’s degree in physics for the University of New Orleans. He co-founded Silicon Graphics in 1982, Netscape in 1994, and Healtheon in 1995. In addition, he co-founded Beyond Identity in 2019 and working as the company’s Chairman.

    Jim Clark - Co-founder and Chairman, Beyond Identity
    Jim Clark – Co-founder and Chairman, Beyond Identity

    Thomas Jermoluk

    Thomas Jermoluk studied at Virginia Tech. He is a Silicon Valley inventor in leading companies like Netscape, Silicon Graphics, and WebMD. Moreover, he is the Venture Capitalist at Clark Jermoluk Founders Fund and Board Member at Ibotta Inc. Jermoluk co-founded Beyond Identity and now holds the CEO position in the company.

    Thomas Jermoluk - Co-founder and CEO, Beyond Identity
    Thomas Jermoluk – Co-founder and CEO, Beyond Identity

    Beyond Identity Team

    • Jasson Casey – Chief Technological Officer
    • Bill Hogan – Chief Revenue Officer
    • Patrick McBride – Chief Marketing Officer
    • Kurt Johnson – Chief Strategy Officer

    Beyond Identity is a team of 170 employees.

    Beyond Identity – Startup Story

    The co-founders of Beyond Identity – Thomas Jermoluk and Jim Clark, were originally working on a “Smart Home” solution but faced the change of user authentication. However, they wanted to create a system that automatically recognizes the user without a password. Jermoluk considered passwords as one of the ‘original sins’ of the internet as it shared secrets. It was how Jermoluk and Clark started the whole thing of launching Beyond Identity in 2019.

    In 2021, Beyond Identity released a free version of its ‘Passwordless’ technology. A few months later, in 2021, the company announced a new platform upgrade featuring behavioral biometrics. Furthermore, Beyond Identity announced its expansion into Europe in May 2021. It launched Zero Trust Authentication in 2022.

    Beyond Identity – Mission and Vision

    Beyond Identity aims to empower all individuals and businesses to securely, effortlessly, and privately control their digital identities.

    Beyond Identity – Business Model

    Beyond Identity is FIDO2 certified, extending the standard with an organization-ready platform that secures hybrid work environments. The platform prevents credential-based breaches by eliminating passwords and ensuring user and device trust. Moreover, the company’s cloud-native Universal Passkey Architecture delivers secure and frictionless multi-factor authentication to ensure the enterprise’s data is accessed from secure, authorized, and identity-bound devices.

    Beyond Identity – Revenue Model

    Beyond Identity is a cloud, SaaS-based platform with an annual pricing model.

    Beyond Identity – Products and Services

    The products that Beyond Identity offers are Secure Workforce, Secure DevOps, and Secure Customers.

    Beyond Identity – Funding and Investors

    Beyond Identity raised funding worth $205 million over 3 rounds. Its latest funding round – Series C Round, was raised on February 21, 2022, and acquired $100 million. 7 investors fund the company, including New Enterprise Associates (NEA), Koch Disruptive Technologies (KDT), Silicon Valley Venture Capital firm, and Evolution Equity Partners.

    Date Round Number of Investors Money Raised Lead Investor
    February 21, 2022 Series C 6 $100 million Evolution Equity Partners
    December 8, 2020 Series B 3 $75 million
    April 14, 2020 Series A 2 $30 million Koch Disruptive Technologies, New Enterprise Associates

    Beyond Identity – Growth

    Beyond Identity tripled its annual revenue and customer base in 2022 when compared year-over-year (YOY). Moreover, the company’s annual recurring revenue (ARR) rose 330% from 2020 to 2021, and its roster of customers grew 640%. In 2022, Beyond Identity achieved a valuation worth $1.1 billion. And its employee count increased from 70 in 2020 to 200 in 2022.

    Eliminate Credential Based Attacks with Beyond Identity

    Beyond Identity – Partners

    Beyond Identity partners with leading technology vendors, system integrators, distributors, resellers, and managed service providers.

    • Atlas Identity
    • CyberOne
    • Miel
    • Evotek
    • Unicloud
    • Curity
    • GitHub
    • Workspace ONE
    • Microsoft
    • Okta
    • Ping Identity

    Beyond Identity – Awards and Achievements

    Beyond Identity has gained enlisted industry recognitions and awards:

    • Won Gewinnt German Stevie Silver Award in 2022
    • Beyond Identity was listed as a Next Things in Tech winner by FastCompany for finding a way around pesky passwords in 2021
    • SC Magazine named Beyond Identity as Rookie Security Company of the Year in 2021
    • Named as one of the Most Innovative Companies by FastCompany
    • Startup Pill listed Beyond Identity as one of the 101 Best Cybersecurity Startups in 2021
    • Forbes listed Beyond Identity as one of the 20 Best Cybersecurity Startups in 2020

    Beyond Identity – Competitors

    The following listed are the main competitors of Beyond Identity:

    FAQs

    What does Beyond Identity do?

    Beyond Identity is the developer of the most secure, passwordless authentication platform for tech forward-thinking enterprises. The company breakdown the barriers between cybersecurity, identity, and device management.

    Who are the founders of Beyond Identity?

    Jim Clark and Thomas Jermoluk are the co-founders of Beyond Identity.

    Who are the main competitors of Beyond Identity?

    Salesforce Platform, Microsoft Authentication, Ping Identity, Duo Security, and LastPass are a few top competitors of Beyond Identity.

  • At-Bay: The Leading Cyber Insurance Provider for the Digital Age

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by At-Bay.

    In this advanced era, businesses of every size increasingly depend on technology, regardless of the industry. Among all the benefits of innovation, the digitized economy also creates cyber risk at a higher magnitude. These new risks are complex and old ways of managing them don’t work in the digital age.

    Even though cyber insurance is among the fastest-growing markets, the incumbents still rely on standardized checklists and irrelevant actuarial data to model risk. However, AT-Bay is an industry-leading Insuretech company focusing on customized and real-time risk monitoring and reduction for its clients.

    Read further to uncover more about At-Bay, from its founders and startup story to products, business model, funding, acquisition, and a lot more.

    At-Bay – Company Highlights

    Company Name At-Bay
    Headquarters San Francisco, California, United States
    Sector Cybersecurity Insurance
    Founders Rotem Iram, Etai Hochman, and Roman Itskovich
    Founded In 2016
    Valuation $1.4 billion (2022)
    Website At-bay.com

    At-Bay – About
    At-Bay – Industry
    At-Bay – Founders and Team
    At-Bay – Startup Story
    At-Bay – Mission and Vision
    At-Bay – Business Model
    At-Bay – Products and Services
    At-Bay – Funding and Investors
    At-Bay – Mergers and Acquisitions
    At-Bay – Growth
    At-Bay – Partners
    At-Bay – Awards and Achievements
    At-Bay – Competitors

    At-Bay – About

    At-Bay combines advanced technology with industry-leading insurance to help clients meet digital risk heads-on. The company partners with business owners and businesses to provide insurance products and active risk monitoring for small to large organizations in every industry.

    Its hubs are located globally in New York City, Atlanta, Tel Aviv, Mountain View, Chicago, Los Angeles, and San Francisco. Over 30,000 policyholders of At-Bay experience 80% fewer ransomware attacks compared to the industry average.

    At-Bay – Industry

    At-Bay operates in the cyber insurance market. When it comes to cyber insurance, it’s a type of digital insurance plan that protects companies from the costs of Internet-based attacks that could affect information governance, information policies, and IT infrastructure.

    In 2022, the global market size of cyber insurance was estimated at $13.33 billion and was projected to grow to $84.62 billion by 2030 with a CAGR of 26.1%. Cyber insurance demand surged instantly due to remote working amid the pandemic. Now small to large enterprises are using insurance policies to get full cyber coverage to protect themselves against cyber-attacks and data breaches.

    Global cyber insurance market size in 2018 and 2021, with forecast for 2025
    Global cyber insurance market size in 2018 and 2021, with forecast for 2025

    Apart from At-Bay, AIG, Chubb, Hiscox, The Travelers Companies, Beazley, and Zurich Insurance Group are revolutionizing the cyber insurance industry.


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    At-Bay – Founders and Team

    Rotem Iram, Etai Hochman, and Roman Itskovich are the co-founders of At-Bay.

    Rotem Iram

    Rotem Iram completed BSC in Computer Engineering from The Hebrew University of Jerusalem and attended Harvard Business School for an MBA. He is the ex-Software Engineer of RAD data Communication and an ex-Consultant of McKinsey & Company.

    Moreover, Rotem worked as K2 Intelligence’s Chief Operating Officer. He co-founded At-Bay and is working as the company’s CEO.

    Rotem Iram - Co-founder and CEO, At-Bay
    Rotem Iram – Co-founder and CEO, At-Bay

    Etai Hochman

    Etai Hochman graduated from Bar-Ilan University with BSc in Applied Mathematics and completed his MBA from Tel Aviv University. He has worked at Intucell as Software Engineer and Team Lead / Scum Master.

    Etai is the ex-Product Manager of Cisco. Currently, he is the Co-Founder and Board Observer & Advisor of At-Bay. In addition, he also co-founded Mirato and is working as its CTO.

    Etai Hochman - Co-founder, Board Observer & Advisor of At-Bay
    Etai Hochman – Co-founder, Board Observer & Advisor of At-Bay

    Roman Itskovich

    Roman Itskovich went to Tel Aviv University to pursue BA in Economics and Accounting. He has completed his MBA from Harvard Business School. Roman held the role of Consultant at McKinsey & Company and Senior Associate at Bain Capital.

    Additionally, he has been the ex-VP of Financial Products at Ebury. At present, he is the Co-Founder and Chief Risk Officer (CRO) of At-Bay.

    Roman Itskovich - Co-founder and CRO, At-Bay
    Roman Itskovich – Co-founder and CRO, At-Bay

    At-Bay is a team of 280+ analysts, developers, designers, underwriters, and other professionals.

    At-Bay – Startup Story

    At-Bay was founded in 2016 by Etai Hochman, Rotem Iram, and Roman Itskovich to empower businesses to thrive in the digital world. In 2018, the company launched its 2019 cyber insurance policy from across the US.

    It launched its first automatically underwritten tech E&O Policy in 2020. The company expanded its insurance offerings by launching Miscellaneous Professional Liability products in August 2022.

    In January 2023, At-Bay launched its New Admitted Cyber Insurance Product for small businesses, approved in 47 states. Moreover, the same year, the company became a full-stack insurance carrier because it acquired At-Bay Specialty Insurance Company from XL Insurance America.

    At-Bay – Mission and Vision

    At-Bay aims to protect small businesses from cyber risk. The company’s vision is to challenge industry conventions and reimagine ways to assess cyber risk.

    At-Bay – Business Model

    At-Bay monitors the perimeter of its customers’ networks and alerts them to security risks and vulnerabilities. The company’s cyber security research and modeling approach help it predict future risks based on emerging threats. Furthermore, At-Bay enables customers to quickly close security holes by preventing network intrusions and data breaches and avoid loss by scanning for new vulnerabilities.

    At-Bay’s partnership with brokers allows it to deliver security and financial exposure insights to the clients and design a proactive, comprehensive risk management program.

    At-Bay – Products and Services

    At-Bay offers Cyber, Tech E&O, and MPL insurance products.

    At-Bay – Funding and Investors

    At-Bay has undertaken 8 funding rounds to raise a total of $295.7 million. Its latest funding round – Venture Series Unknown, was raised on September 2, 2022, and secured $3.7 million. At-Bay is backed by leading investors, including Glilot Capital, Lightspeed Venture Partners, Acrew Capital, and the HSB fund of Munich Re Ventures, M12.

    Date Round Number of Investors Money Raised Lead Investor
    September 2, 2022 Venture Round $3.7 million
    October 13, 2021 Series D 1 $20 million ION Crossover Partners
    July 27, 2021 Series D 9 $185 million Icon Ventures, Lightspeed Venture Partners
    December 8, 2020 Series C 7 $34 million Qumra Capital
    April 22, 2020 Series B 1
    February 20, 2020 Series B 5 $34 million Acrew Capital, Munich Re Ventures
    May 9, 2018 Series A 4 $13 million Keith Rabois, Yoni Cheifetz
    November 17, 2017 Seed Round 3 $6 million Lightspeed Venture Partners

    At-Bay – Mergers and Acquisitions

    At-Bay acquired Relay Platform on August 22, 2022.

    At-Bay – Growth

    At-Bay surpassed $160 million in annual recurring revenue (ARR) on 800% YOY premium growth in the second quarter of 2021. Later in 2022, the company surpassed $380 million in annual recurring gross written premium (ARGWP). Its estimated revenue in 2022 was $186.9 million, with annual revenue of $40.1 million and $146,917 revenue per employee.

    Moreover, it was valued at $1.4 billion in 2022. Its employee count increased by 44% last year, and monthly web visit growth is 55.6%, with 15,225 monthly visits.

    Rotem Iram, At-Bay | RSAC 2023

    At-Bay – Partners

    At-Bay’s partners include the following listed digital platforms, insurance carriers, and professional associations:

    • Microsoft
    • Munich RE
    • HSB
    • Trisura
    • Cloudflare
    • BTIS
    • Builders & Tradesmen’s Insurance Services

    At-Bay – Awards and Achievements

    At-Bay was named among the Top 50 Insuretech Startups by CB Insights in 2022

    At-Bay – Competitors

    Competitors of At-Bay include the following:

    • Cowbell Cyber
    • Corvus Insurance
    • CyberCube
    • BitSight
    • Slice Labs
    • Trov Inc
    • Kin Insurance Inc
    • Trov Inc

    FAQs

    What does At-Bay do?

    At-Bay combines advanced technology with industry-leading insurance to help clients meet digital risk heads-on. The company partners with business owners and businesses to provide insurance products and active risk monitoring for small to large organizations in every industry.

    Who founded At-Bay?

    Rotem Iram, Etai Hochman, and Roman Itskovich are the co-founders of At-Bay.

    Who are the main competitors of At-Bay?

    Competitors of At-Bay include the following:

    • Cowbell Cyber
    • Corvus Insurance
    • CyberCube
    • BitSight
    • Slice Labs
    • Trov Inc
    • Kin Insurance Inc
    • Trov Inc
  • Top 5 Best Antivirus Software For 2023

    Cybercrime has become a prevalent form of criminal activity in recent times. With the onset of the pandemic, there has been a staggering increase in cybercrime, with some estimates suggesting up to a 600% rise. As a result, it is essential to install reliable antivirus software on all your electronic devices to safeguard your data and valuable information.

    Antivirus programs worldwide are capable of detecting over 350,000 viruses every day. Given the abundance of viruses, selecting appropriate antivirus software is a challenging yet critical task. In this article, we have compiled a list of the top 5 antivirus software options for you. However, before we delve into the specifics, let us first understand what antivirus software is and how it works.

    What is Antivirus Software?

    Antivirus software is a program that helps protect your electronic devices, such as computers, smartphones, and tablets, from malicious software, also known as malware. The primary function of antivirus software is to identify and remove viruses, spyware, worms, Trojan horses, and other malicious programs that can damage your device or compromise your personal information.

    The technology behind antivirus software is advancing day by day eliminating the use of traditional software. The new technology works on modern data security concepts including industry collaboration, human proficient risk analysis, centralized global scanning, alerting assistance, and cloud integration. Modern antivirus software can:

    • Block, detect, or remove ransomware, malware, and viruses.
    • Block fraud and phishing, as well as identity theft.
    • The dark web can be scanned to check for compromises of email addresses.
    • Displays warning messages before the links or websites and prevents you from clicking on such scams.
    • Provides a set of training and instructions on what to do or what not to do while surfing online to protect your data.
    • Password encryption policy to keep the accounts locked and conserved.
    • Ensures computer programming is smooth and without hanging.
    Forecast for the Global Antivirus Software Market
    Forecast for the Global Antivirus Software Market

    People often remain confused about whether they should buy paid antivirus software or whether free software is enough for data security. But our devices, such as phones, tablets, or smartphones, contain everything, including private pictures and official data. It insists we choose paid antivirus software that offers better security options with modern technologies and remains solely responsible for detecting and protesting viruses.

    How Antivirus Software Works?

    Antivirus software works by employing a range of techniques to detect, prevent, and remove malicious software from your electronic devices. Here’s how it typically works:

    1. Scanning – Antivirus software scans your device’s files, emails, and internet traffic to detect any malicious code or suspicious activity.
    2. Signature Detection – The software compares the code in files and programs on your device to a database of known virus signatures to identify any known threats. If a match is found, the antivirus software will either remove the virus or quarantine the infected file to prevent it from causing further damage.
    3. Heuristics – Antivirus software can use heuristics, a technique that identifies suspicious patterns of behavior or code that may indicate a new or unknown virus. This helps to detect previously unknown threats that may not be listed in the antivirus software’s signature database.
    4. Real-time Protection – Antivirus software can also provide real-time protection by monitoring your device’s internet traffic, emails, and file downloads. If it detects any suspicious activity, it will immediately block it and alert you to take action.
    5. Updates – Antivirus software requires regular updates to stay up to date with the latest threats. These updates include new virus definitions, bug fixes, and security patches to ensure your device is protected against the latest threats.
    How Does Antivirus and Antimalware Software Work?

    Top Antivirus Software

    Here is a list of the best antivirus software for data protection:

    McAfee

    Antivirus McAfee
    Rating 4.2 out of 5
    Best For Multi-Device Households

    McAfee - Best Antivirus Software
    McAfee – Best Antivirus Software

    McAfee Internet Security antivirus is one of the best antivirus software that provides comprehensive protection against malware. McAfee even provides access to its software for INR 799 which contains somewhat entry-level features of antivirus software.

    This software contains a two-way firewall and file shredder access to up to 10 devices. It can run on almost every device including iOS, macOS, Windows, and Android. But these entry-level McAfee antivirus software does not include parental controls.

    You have to buy the McAfee LiveSafe or McAfee Total Protection to obtain access to password managers and parental controls. Unlimited VPN access is only available in the McAfee Total Protection Ultimate version.

    Features:

    • Antivirus scanner with real-time malware detection.
    • Contains ransomware rollback and password manager.
    • Firewall, wifi security, and PC optimization.
    • Identity protection service
    • Excellent malware protection with protection of copious machines at an affordable price.

    Pricing:

    Plan Yearly Subscription Price
    Basic Rs 799.00*
    Standard Rs 1,199.00*
    Premium Rs 1,699.00*
    Plus Rs 1,399.00*


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    Bitdefender Antivirus Plus

    Antivirus Bitdefender Antivirus Plus
    Rating 4.5 out of 5
    Best For Overall Antivirus for Windows

    Bitdefender Antivirus Plus - Best Antivirus Software
    Bitdefender Antivirus Plus – Best Antivirus Software

    Bitdefender Antivirus Plus is popularly known for its smooth virus scanning capacity with a light method impact, decent malware protection, and a bunch of extra features.

    Moreover, it also contains a Wifi network detector, virtual keyword in a fixed browser, and endless access to a password manager. You can get software protection access for 10 devices by owning the ₹4,799 per year (first year) version of Bitdefender Antivirus Plus Software.

    Features:

    • Contains ransomware rollback and password manager.
    • Includes a virtual keyboard.
    • Carry hardened browser and game modes.
    • Limited upsell VPN and a wifi scanner.

    Pricing:

    Plan Price
    1-Year Plan ₹959.60
    2-Year Plan ₹2939.30
    3-Year Plan ₹4319.20


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    Norton 360 Deluxe

    Antivirus Norton 360 Deluxe
    Rating 4.4 out of 5
    Best For Single-Desktop Protection

    Norton 360 Deluxe - Best Antivirus Software
    Norton 360 Deluxe – Best Antivirus Software

    Norton is itself a hefty brand delivering copious antivirus software from eternity, but its byproduct Norton 360 Deluxe is on top of them. The traditional Norton antivirus software had heavy system performance, but Norton 360 Deluxe is the ever-refined version with much lighter system performance.

    It provides up to 50 GB of free digital storage space. If you want to own this antivirus software for up to 10 or 20 devices, you can opt for Norton 360 Premium versions.

    You can also ask for up to their bundles of additional online space and changing LifeLock services. Although Norton still lacks the secure web browser, file encryption, and file shredder features. It also gets slowed down in case of full and timely scanning of data.

    Norton Secure VPN is not available in India because of the government’s regulations but one can use its VPN when travelling outside India.

    Features:

    • Contains parental controls and a password manager.
    • Comprises firewall, game modes, and backup software.
    • Provides webcam protection.
    • Decent malware protection and top tiers Lifelock recognition security.

    Pricing:

    Plan Price
    1-Year Rs. 1199.00 for 3 devices
    2-Years Rs. 1499.00 for 3 devices


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    ESET Smart Security Premium

    Antivirus ESET Smart Security Premium
    Rating 4.3 out of 5
    Best For Techies

    ESET Smart Security Premium - Best Antivirus Software
    ESET Smart Security Premium – Best Antivirus Software

    If you are searching for small system performance, fast scanning, and terrific malware protection, ESET Smart Security Premium is a must to consider option while analyzing top antivirus software.

    Although it doesn’t contain backup software, a VPN client, and a file shredder, its premium smart features including a password manager and file encryption fill the gap. ESET is quite affordable for a few devices but if you want control of this exclusive antivirus software on several devices together, ESET can then get expensive.

    Features:

    • Convenient functioning and good malware protection.
    • Webcam protection, a hardened browser, and file encryption.
    • Browser hardening divisions and parental controls.

    Pricing:

    Plan Price
    1-Year $59.99
    2-Years $89.99
    3-Years $119.98


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    Trend Micro Maximum Security

    Antivirus Trend Micro Maximum Security
    Rating 4.2 out of 5
    Best For Single-PC Protection

    Trend Micro - Best Antivirus Software
    Trend Micro – Best Antivirus Software

    The best version of Trend Micro Maximum Security to opt for is its mid-range edition. It contains almost all the required features enough to protect the device along with backup storage and cloud storage.

    Its premium version also has dark web monitoring of private data and an additional VPN. The only problem that Trend Micro Maximum Security software encounters are heavy system loads during hefty scanning.

    Features:

    • Encompasses a hardened browser and parental controls.
    • Conceals game mode, password manager, and VPN.
    • Involves dark web scans and a secure browser for malware protection.

    Pricing:

    Plan Price
    1-Year ₹1799.00 for 3 devices
    2-Years ₹2399.00 for 3 devices

    Conclusion

    This was all about the best antivirus software. However, selecting the best antivirus software is essential to protect your devices and personal information from online threats. With numerous options available, it can be overwhelming to choose the right one. However, by considering factors such as features, performance, ease of use, and cost, you can narrow down your options and find the best antivirus software that fits your needs. Always remember to keep your antivirus software up-to-date to ensure maximum protection against the latest threats. Ultimately, investing in reliable antivirus software is an investment in your cybersecurity and peace of mind.

    FAQs

    What is antivirus software?

    Antivirus software is designed to detect, prevent, and eliminate any malicious software and fights against intimidating codes to protect the computer and practical data.

    Are cybercrimes rising?

    Cybercrimes have been rising massively for some time. It is observed that because of the COVID-19 pandemic, cybercrime has increased by 600%.

    Which is the best antivirus software?

    Some of the best antivirus software include:

    • McAfee
    • Norton 360 Deluxe
    • Bitdefender Antivirus Plus
    • ESET Smart Security Premium
    • Trend Micro Maximum Security

    What factors should I consider when choosing the best antivirus software?

    When choosing the best antivirus software, you should consider factors such as features, performance, ease of use, and cost. It is also important to look for software that is regularly updated to protect against new and emerging threats.

    Do I need antivirus software if I have a Mac?

    Yes, while Macs are generally less vulnerable to malware than Windows computers, they are still susceptible to some types of malware. It is recommended to use antivirus software to protect your Mac.

    Can I use more than one antivirus software on my computer?

    No, it is not recommended to use more than one antivirus software on your computer as they can interfere with each other and cause performance issues.

    Is free antivirus software as good as paid antivirus software?

    While there are some reliable free antivirus software options available, they may not offer the same level of protection and features as paid antivirus software.

  • Mandiant – What Makes This American Cybersecurity Firm So Successful?

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mandiant.

    It was around the 1990s when hacking cases were growing immensely strong, posing a potential threat to all the assets stored in cyberspace.

    In a hyped-up world where everyone is too invested in virtual reality and the internet, shielding cyberspace is something that we don’t usually pay attention to.

    The presence of a solid approach regarding cybersecurity is highly crucial for your organization’s data protection. It can deal with hacking cases and help monitor the entire operation to keep away from any kind of red flags. Early detection of cyberattacks can help save costs and time from further damage. For such prevention, cybersecurity firms exist to provide a defence mechanism against cybercrimes. A cybersecurity consultancy is a key business service that may significantly improve an organization’s data security.

    If there’s any organisation that offers the best regular monitoring and reviewing operations related to cyber security, then it is Mandiant. The company was founded in 2004 by Kevin Mandia, Mandiant is an American cybersecurity firm that deals in providing dedicated strategies for the cybersecurity of private enterprises, government agencies, and law companies.

    Let’s find out more about how Mandiant works, its founders and team, acquisitions, business and revenue model, the number of employees working, and a lot more other relevant information.

    Mandiant – Company Highlights

    Startup Name Mandiant
    Headquarters Reston, Virginia, USA
    Sector Computer and Network Security
    Type Public
    Founder Kevin Mandia
    Founded 2004
    Revenue $483.4 million (2021)
    Owner Google
    Website mandiant.com

    Mandiant – About
    Mandiant – Industry
    Mandiant – Founders
    Mandiant – Startup Story
    Mandiant – Name, Logo, and Tagline
    Mandiant – Mission and Vision
    Mandiant – Business Model
    Mandiant – Revenue Model
    Mandiant – Funding and Investors
    Mandiant – Mergers and Acquisitions
    Mandiant – Challenges Faced
    Mandiant – Social Media Presence
    Mandiant – Advertisements and Campaigns
    Mandiant – Awards and Achievements
    Mandiant – Competitors
    Mandiant – Future Plans

    Mandiant – About

    Mandiant was established in 2004 by a former the United States Air Force officer, Kevin Mandia. The company was previously known as Red Cliff Consulting.

    As a publicly traded company, Mandiant is a cybersecurity firm and is regarded as the industry leader in threat intelligence and knowledge earned on the frontlines of cyber security by corporations, governments, and law enforcement organisations worldwide.

    The company has a strong approach to offering a more assured approach by expanding its knowledge and intelligence through the Mandiant Advantage SaaS platform to offer current intelligence, automation of alarm investigation and prioritisation, and certification of security control solutions from many vendors. It has created the most complete collection of threat activity accessible by integrating machine, breach, adversary, and operational intelligence.

    Mandiant boasts of having a comprehensive insight into global attacker behaviour, which is built into the Mandiant Intel Grid. Mandiant’s products are endorsed to deliver its clients an impressive cybersecurity experience. With a presence in almost 26 countries, Mandiant is located with experts like threat researchers, reverse engineers, intelligence analysts, and incident responders.

    Mandiant’s team consists of specialists who have said to work on the front lines of cybersecurity throughout the world by mapping the threat environment, addressing the most complicated breaches, and actively working with the most recent technology stacks to suit the demands of any customer. As of 2021, Mandiant has a total of 1,000–2,000 people employed in its company.


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    Mandiant – Industry

    It was recorded that during the pandemic in 2020, cybercrime rose to nearly 600%. There were many cybercrime and scams related to Covid-19, that people fell trapped into. Ever since lockdowns, there have been vulnerabilities in cyberspace. This only suggests that it is imperative to have a managed security provider for organisations and governments.

    As a result, to prevent cyber attacks and crimes, there will be a growth of many cybersecurity companies and security operations centre services. It is expected to grow to $1.6 billion by 2025 from $471 million in 2020 at a CAGR of 28.6%.

    Mandiant – Founders

    Mandiant was founded by Kevin Mandia in 2004.

    Kevin Mandia

    Kevin Mandia - Founder and CEO of Mandiant
    Kevin Mandia – Founder and CEO of Mandiant

    Kevin Mandia, the founder of Mandiant, also serves as the company’s Chief Executive Officer (CEO) and Board of Directors. As a former the United States Air force officer, Kevin served as a computer security officer in the 7th Communications Group at the Pentagon and was also a special agent in the Air Force Office of Special Investigations (AFOSI). From an educational perspective, he graduated from Lafayette College with a B.S. in Computer Science and has also earned an M.S. in Forensic Science from George Washington University.

    Kevin Mandiant has 20+ years of experience in information security and has been on the front lines assisting corporations in responding to computer security incidents. Prior to Mandiant, Kevin played important roles in various companies related to information security.

    Mandiant – Startup Story

    Mandiant was initially founded as Red Cliff Consulting in 2004 and rebranded to Mandiant in 2006. It took some years for Mandiant to establish itself in the information security world. It was after receiving funds from Kleiner Perkins Caufield & Byers, an American Venture Capital firm, that Mandiant expanded its operations and started providing cybersecurity consultancy to leading global enterprises, governments, and Fortune 100 companies.

    After making a name in the cybersecurity market, Mandiant released a report in 2013. The report was a study detailing evidence of People’s Liberation Army cyber assaults against at least 141 organisations in the United States and other developing nations dating back to 2006, carried out by Pudong-based PLA Unit 61398.  During the same year, the company was acquired by FireEye (now Trellix) for $1 billion.

    In 2020, Mandiant launched a program called ‘Mandiant Advantage’. It is a subscription-based SaaS tool meant to supplement and automate security response teams by combining Mandiant threat information and data from cyber incident response engagements.

    Recently, Mandiant was acquired by Google for $5.4 billion to boost its in-house cyber security resources by integrating into the Google cloud division.


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    Mandiant – Name, Logo, and Tagline

    Mandiant - Logo and Tagline
    Mandiant – Logo and Tagline

    When the company was founded, it was named Red Cliff Consulting until rebranding to its current name, Mandiant in 2006.

    The tagline of Mandiant goes like this, “Your Cybersecurity Advantage”

    Mandiant – Mission and Vision

    The mission of Mandiant states, “We are on a relentless mission to make every organization secure from cyber threats and confident in their readiness.”

    Mandiant – Business Model

    Mandiant operates on a B2B model by providing various services related to cyberattacks along with security consulting to many organisations and enterprises alike.

    Mandiant services include a lot of cyber threat intelligence solutions, strategies, and other platforms for international businesses and government organisations to deal with cybercrimes and reduce threats of hacking.

    Some of the major areas of services provided by Mandiant are:

    • Incident Response Service
    • Cyber Security Due Diligence
    • Cyber Security Program Assessment
    • Cyber Defense Operations
    • Microsoft Office 365 Assessment
    • Compromise Assessment
    • Cyber Defense Assessment
    • Incident Response Retainer
    • Cyber Defense Center Development
    • Applied Intelligence
    • Cyber Threat Profile
    • Cloud Architecture Assessment: Azure, AWS, GCP
    • Penetration Testing for Mobile
    • Penetration Testing for Wireless

    The above-listed points are some of the services by Mandiant that help establish and implement critical security changes needed to have a proper and effective cyber defence system.

    In addition to these services, Mandiant also offers a multi-vendor XDR platform that provides security teams of all sizes with experience and frontline intelligence. The platform is an automatic format that is powered through the automation of Mandiant expertise that automatically controls its customer’s existing security investments. The Mandiant Advantage Platform also offers flexible delivery of engagement as per customers’ requirements. The platform also constantly monitors its customers’ attack surface and internal controls to drive prioritisation and focus on any kind of threats.

    Mandiant – Revenue Model

    Mandiant Sales/Revenue from 2017 to 2021
    Mandiant Sales/Revenue from 2017 to 2021

    As per Mandiant financial reports, the company derives a majority of its revenue by offering threat intelligence and consulting services. Besides this, the company’s recurring revenue continues to grow at a CAGR of 24%. Mandiant reported revenue of 483.4 million USD for the year 2021 which was nearly a 20% increase from the 399.7 million, revenue recorded in 2020.

    Mandiant – Funding and Investors

    Mandiant has received $70 million in investment across two waves. Their most recent funding came from a Private Equity round on July 22, 2011.

    Date Funding Round Funding Raised
    July 22, 2011 Private Equity Round $70 million
    October 19, 2006 SERIES A

    Mandiant is backed by four investors. The most recent investors are JP Morgan Chase and One Equity Partners. The other two investors are Kleiner Perkins and Jim Ellsworth.


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    Mandiant – Mergers and Acquisitions

    Mandiant has acquired two companies. On August 10, 2021, the company made its most recent purchase of Intrigue Corporation. The other company acquired by Mandiant is Unveillance on September 10, 2012. The amount for both acquisitions is undisclosed.

    Mandiant – Challenges Faced

    In the digital era, cyber crimes go hand in hand, which is why the need for a cyber security strategy is essential. As Mandiant focuses on providing security services to combat threats, one of the biggest challenges for them is to stay updated regarding the various types of cybersecurity challenges like phishing attacks, cloud attacks, cryptocurrency and blockchain-related attacks, etc. The company needs to push its business against data security dangers.

    Mandiant – Social Media Presence

    Mandiant has its presence on almost all major social media channels.

    You can follow the company on Facebook, Twitter, LinkedIn, and YouTube.

    Mandiant – Advertisements and Campaigns

    Mandiant has posted various videos on cyber crimes happening around the world on its YouTube channel. Through its videos, the company highlights the consequences of a cyber attack and how important it is to stay updated and have a strong security strategy.

    Not so long, the company launched a campaign #StayRelentless against cyber threats with Mandiant. The video speaks about how Mandiant has the potential to fight the continuous battle against cyber criminalities in the modern day of digitisation.

    Mandiant Advertisement – StayRelentless Against Cyber Threats

    Mandiant – Awards and Achievements

    Below is the list of awards and achievements won by Mandiant:

    • Mandiant has won SC Europe Awards – 2022.
    • Mandiant won the Top Work Places – in 2022.
    • Mandiant received Global INFOSEC Awards Winner – Cyber Defense Magazine – 2022.
    • Mandiant has won CRN Security 100 – 2022.
    • Mandiant was the winner of the Cyber Security Excellence Awards – 2022.

    Mandiant – Competitors

    Some of the top competitors of Mandiant are:

    • Anomali
    • IBM
    • Digital Shadows
    • Proofpoint
    • ZeroFOX
    • Click Security
    • Broadcom (Symantec)
    • IntSights
    • Recorded Future
    • RiskIQ

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    Mandiant – Future Plans

    The company plans to continue building Mandiant Advantage strategy, automating human tasks and applying machine learning to create a super analyst. Also, the acquisition of Mandiant by Google is proof that the company’s business is only going to upscale. Google’s decision to acquire Mandiant for boosting its cloud security business can only tell that Mandiant’s revenue growth can touch an unexpected height. With this only time can tell what exactly the future holds for Mandiant.

    FAQs

    What is Mandiant used for?

    Mandiant is known for providing threat insights to public and private organizations in the early stage through its unmatched intelligence and response expertise.

    Is Mandiant a US company?

    Yes, Mandiant is a US-based company with its headquarters situated in Reston, Virginia, USA.

    Does Google own Mandiant?

    Google acquired Mandiant on 8th March 2022 for $5.4 billion. Google acquired the company with the aim to establish a stronghold in the cloud market.

    Does FireEye own Mandiant?

    No, FireEye does not own Mandiant anymore as last year in 2021, they announced their split. FireEye acquired Mandiant in 2013. However, it became a standalone business in 2021 when its product business was sold to the private equity firm Symphony Technology Group (STG) for $1.2 billion.

    Who are Mandiant competitors?

    Some of the prominent competitors of Mandiant are:

    • Anomali
    • IBM
    • Digital Shadows
    • Proofpoint
    • ZeroFOX
    • Click Security
    • Broadcom (Symantec)