XL Catlin and RedSeal Launch Cyber Insurance Industry’s First Dynamic Measure of Resilience to Gauge Risk, Improve Cybersecurity and Insurance Terms

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Collaboration delivers unprecedented, continual insights to help underwriters evaluate cyber risk at policy issuance and during the policy; Companies can use information to improve network resilience and policy terms

 NEW YORK, March 27, 2018 — XL Catlin and RedSeal today announced a new, dynamic approach to cyber insurance, which uses an objective measurement of a network’s resilience to help underwriters more thoroughly evaluate their clients’ risks over time, helps clients continue to improve their cybersecurity and potentially improve their insurance terms.

Unlike other cyber insurance risk analyses, which rely on surveys and a general understanding of the network at the time of the initial underwriting, XL Catlin’s approach offers its clients a more accurate, dynamic and helpful service.

RedSeal’s patented network modeling and risk scoring platform creates a network model from the inside out, including physical assets, as well as those in public and private cloud environments. With this insight, RedSeal calculates the Digital Resilience Score, a holistic measure of the network’s resilience, similar to a credit worthiness score. The Score evaluates the client’s network to determine:

  • How weaknesses from incorrectly configured devices and third-party software could impact the network;
  • How accessible a company’s valuable assets are to attackers; and
  • The degree to which the network – including all its devices and their connections – is understood.

More resilient networks deliver higher scores, which means they are potentially lower risks. Once an XL Catlin client installs RedSeal and gets their initial Digital Resilience Score, and again during a mid-term evaluation, XL Catlin will determine if the client’s resilience warrants improved terms.

“We see this collaboration as a win-win for all involved,” said John Coletti, chief underwriting officer, cyber and technology, XL Catlin. “We’re giving our clients the option to create a cycle of continuous improvement in their cyber security efforts. Plus, our underwriters have more in-depth information to evaluate their risk and provide the most appropriate policy terms and pricing – and our customers can use the same information to improve their resilience and lower their risk.”

“The cyber insurance industry is evolving quickly, and technology companies are working to provide useful, data-driven solutions that matter,” said Ray Rothrock, CEO and chairman of RedSeal. “RedSeal’s platform of network modeling and scoring provides unique insights and hard to find issues within digital enterprises for both XL Catlin’s underwriters and their clients, which we expect will benefit both. We’re enabling a new, collaborative era in cyber insurance and cybersecurity.”

For more information on the joint offering from XL Catlin and RedSeal visit www.redseal.net/solutions/cyber-insurance/clients-and-brokers.

About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.

About XL Catlin
XL Catlin is the global brand used by XL Group Ltd (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California.

RedSeal Named Infosec Awards 2018 Winner

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Cyber Defense Magazine | April 14, 2018

RedSeal was named an Infosec Awards 2018 winner for Network Security and Management in Cyber Defense Magazine’s annual review of the hottest, most innovative, best, market leaders, next-generation and cutting edge INFOSEC companies offering incredible products and services – from nearly 3,000 companies who create and offer the most respected information security products and services.

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RedSeal Brings Cyber Resilience to The Montgomery Summit

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Selected from 4,000 nominated companies, RedSeal will present the its latest technology and growth trajectory to exclusive audience of innovators, investors and business leaders

LOS ANGELES (March 6, 2018) – RedSeal, the leader in network modeling and cyber risk scoring, has been selected from thousands of nominees to present at the annual Montgomery Summit, the leading business and technology conference taking place in Santa Monica, Calif. on March 7 and 8. RedSeal CMO Julie Parrish will discuss the company’s business strategy, proprietary technology, and market positioning to an invited audience of 1,000 entrepreneurs, corporate executives and venture capitalists.

“C-Suites understand that cyber security is both a fiduciary and ethical responsibility, and are keenly aware that prevention and detection strategies are just not enough.   They know they need to build resilience into their environments” said Julie Parrish, Chief Marketing Officer at RedSeal. “But these  environments are very complex – with layers of physical and virtual devices,  SDN and public clouds – it’s hard to accurately “see” your entire network today.   RedSeal delivers the foundation for digital resilience: the ability to see and model the entire network; the insights needed to accelerate investigation and prioritize activities before and during an attack, and a Digital Resilience Score to continuously measure and improve resilience.”

“This year’s Summit will be an exclusive opportunity for leading emerging private companies to showcase their innovations to a room of entrepreneurs and investors and forge connections to take their businesses to the next level,” said Jamie Montgomery, founder of The Montgomery Summit. “We continue to see the best and brightest presenters nominated from a range of industries, from Enterprise AI to Fin Tech, and look forward to the insight and expertise they will bring to this year’s conference.”

This year, a global committee of senior investors from top venture capital and growth funds, prior Summit attendees, researchers, entrepreneurs and Summit partners and staff selected 140 companies to present from over 4,000 nominations. Nominations were evaluated by each company’s sector, stage, growth and engagement metrics, as well as criteria including management, vision, and more.

In addition to presentations from top private growth company CEOs, the two-day event features industry leaders and top innovators in a series of keynotes, panels and salons. Speakers at this year’s Summit include George Kurtz, CEO & Co-Founder, Crowdstrike, Tom Siebel, CEO of C3 IoT, Sue Siegel, Chief Innovation Officer at GE & CEO of GE Ventures, Sam Walker, Author, The Captain Class: The Hidden Force that Creates the World’s Greatest Teams, and Julie Sweet, CEO of Accenture. Additionally, the Summit will feature The Rise of the Female Entrepreneur program on March 8th, which will highlight the rising role of female entrepreneurs and investors in the technology world. Co-chaired by by Niloo Howe, Chief Strategy Officer at RSA, Meredith Finn, Senior Director at Salesforce Ventures, and Cack Wilhelm, Partner at Accomplice VC, the event will be keynoted by Sallie Krawcheck, founder and CEO of Ellevest and Sukhinder Singh Cassidy, founder and chairman of theBoardlist.

About RedSeal
RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California. Follow RedSeal on Twitter and LinkedIn.

 About The Montgomery Summit
The Montgomery Summit gathers an invited group of entrepreneurs, senior investors and leading executives to discover the most important innovations in business and technology. The event features two days of presentations, keynotes, panels and salons in Santa Monica, Calif.

Previously known as The Montgomery Technology Conference, the Summit has for more than a decade provided unparalleled opportunities to meet a diverse blend of technological visionaries and innovators from all over the world. For more information, visit www.montgomerysummit.com.

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RedSeal Recognized as 2017 Red Herring Top 100 Global Winner

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Provider of Award-Winning Network Modeling and Cyber Risk Scoring Platform Honored for Third Consecutive Year

SUNNYVALE, Calif., March 1, 2018 — RedSeal, the leader in network modeling and cyber risk scoring, today announced that it has been recognized by Red Herring for its strong financial performance and technology innovation, and has again been named to the publication’s Annual Top 100 Global list. The Top 100 Global list celebrates private companies’ innovations and technologies across their respective industries and has become a mark of distinction for identifying promising companies and entrepreneurs.

“We are honored to be recognized by this prestigious publication for the third year in a row,” said RedSeal CEO and chairman, Ray Rothrock. “Globally, we’re seeing significant demand for RedSeal’s platform, which helps organizations increase their resilience to cyber attack. Organizations today need confidence that they can withstand an attack, mitigate damage, and maintain the trust of their constituents.  The RedSeal platform validates and measures security posture before an attack, prioritizes risk areas and speeds investigation and containment – across complex cloud and physical network environments.”

Red Herring editors have an excellent track record of predicting the technologies and companies that will change the way we live and work – Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay are all former Top 100 Global company winners.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe RedSeal embodies the vision, drive and innovation that define a successful entrepreneurial venture. RedSeal should be proud of its accomplishment.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

About RedSeal

RedSeal’s network modeling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California. Follow RedSeal on Twitter and LinkedIn.

Contact:
Dean Fisk, Finn Partners
+1 (707) 292-4201
dean.fisk@finnpartners.com

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Russia behind compromise of seven states’ voter registration systems

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SC Magazine | Feb 28, 2018

During the waning days of his administration after he’d order a probe into election interference, the intelligence community reportedly told former President Barack Obama that Russian hackers had compromised voter registration systems or websites in seven states and, though the states were told of the breaches, the administration didn’t divulge who had orchestrated them.

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“Russia – or any bad actor – only needs to find one open door to get into a state’s network. Considering how complex these networks are – with employees on mobile devices, working remotely, etc. – it’s no wonder they snuck in,” said RedSeal CEO Ray Rothrock, author of the book “Digital Resilience: Is Your Company Ready for the Next Cyber Threat?”

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Cyber Security Incubator & Distributor, Progress Distribution, Adds RedSeal To Its Tier 1 Portfolio

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High margins for VAR’s for net new business

London, UK, 27th February 2018 – Progress Distribution are pleased to announce it has signed a distribution agreement with RedSeal for the UK and Europe and adds network modelling and risk scoring to the list of vendor solutions in their portfolio.

RedSeal’s platform analyses networks across public cloud, private cloud and physical environments. Then, it automatically builds a model, which allows enterprises to understand and continually monitor their whole network. The platform is key to organisations wishing to accelerate investigation of security incidents and network vulnerabilities, verify compliance and have a better understanding of their hybrid network as a whole.

For the security VAR community, there’s finally a serious contender to fit a niche that’s not being filled with any other vendors in the network risk modelling and next generation vulnerability space.  RedSeal has already made an impact in a few short weeks as VARs reach out for new technologies to bolster dwindling margins. With RedSeal it’s easily achievable to attain 30%+ margins for net new business.

Progress Distribution’s CEO, John Quinn said, “When approached by RedSeal, we were extremely eager to help them execute their ambitious plans for growth in the UK & Europe and are jointly investing in a solid go to market plan for major channel recruitment.”

He went on to say, “The RedSeal EMEA Management team really understand the power of Progress’s solid VAR network, coupled with the strong end user business development teams in London who really hit the ground running. They’re a natural fit and complementary to our leading-edge security portfolio”

Nash Kapoor, Regional VP for EMEA at RedSeal, stated, “Getting closer to the cybersecurity reseller community is imperative to our business success, and our relationship with Progress is key to achieving our goals for market growth.  We’re already very impressed at the speed and drive the Progress team are demonstrating — they are already creating new opportunities for us.”

About Progress Distribution

Progress Distribution is a boutique IT incubator and distributor that focuses on fast emerging technologies within Security, Networking, and Storage. RedSeal is the latest vendor to join the company’s strong portfolio of innovative technology brands, which includes vendors such as Attivo Networks, Qualys, TrustedKnight and Osirium. Besides offering resellers proactive sales, business development, commercial and marketing support, Progress also has a dedicated end user demand generation team, which provides new technology vendors with an extremely valuable go to market strategy for the UK and European markets.

Media Contact:

John Quinn, CEO
Email:  john@progressdistribution.uk
Mobile: +44 (0) 7557 131215
www.progressdistribution.com

About RedSeal

RedSeal’s network modelling and risk scoring platform is the foundation for enabling enterprises to be resilient to cyber events across public cloud, private cloud and physical network environments. RedSeal helps customers understand their network from the inside out – providing actionable intelligence, situational awareness and a Digital Resilience Score to help enterprises measure and improve their resilience. Government agencies and Global 2000 companies around the world rely on RedSeal to help them validate their overall security posture, accelerate investigation and improve the productivity of their security and network teams. Founded in 2004, RedSeal is headquartered in Sunnyvale, California.

Media Contact:

Sophie Brown, UK PR Lead
Email:  sophiebcomms@gmail.com
Mobile:  +44 (0) 7919098893
www.redseal.net

Advice for Entrepreneurial Engineers

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ASME | Feb 22, 2018

By Ray Rothrock, Chief Executive Officer

Entrepreneurs are everywhere today—from Silicon Valley to incubators and tech hubs around the world. While many startups are in tech, others involve engineers who use digital tools and 3-D printing to invent new products or reinvent existing ones. So, what should potential entrepreneurs consider before leaping? I don’t have a definitive answer, but after 25 years of funding startups, more than 40 successful investments, and eight initial public offerings, I see some patterns that work.

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Cybersecurity is Complicated, but is AI the Answer?

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Computer Business Review | Feb 21, 2018

By Dr. Mike Lloyd, RedSeal CTO

The cybersecurity industry today is increasingly dominated by artificial intelligence (AI) — or at least, by bold claims of what AI could achieve.

Marketers, analysts and journalists are all queuing up to wax lyrical, while some estimates claim that as many as 30% of large organisations are already using it in their IT departments. IT professionals are even voicing concerns that it’s only a matter of time before the black hats get hold of it. But is it genuinely the saviour of cybersecurity?

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RedSeal Named 2018 Cybersecurity Excellence Awards Bronze Winner for Network Security

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Cybersecurity Excellence Awards | February 8, 2018

The 2018 Cybersecurity Excellence Awards honor individuals and companies that demonstrate excellence, innovation and leadership in information security. Based on the strength of their nomination and the popular vote by members of the Information Security Community, RedSeal was selected as the Bronze winner in the Network Security category.

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Why Cybersecurity Should Be Taught at Business Schools

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TechRepublic | Feb 5, 2018

With Ray Rothrock, Chief Executive Officer

The cybersecurity skills gap might be one of the best ways for a company to become more cyber secure. Often we look at technological solutions but training and education of workers, of employees, remains one of the most effective tactics. RedSeal CEO Ray Rothrock joins TechRepublic Senior Writer Dan Patterson for a conversation about teaching nuanced cyber defense, business strategy, and teaching leadership how to keep up with the fast shifts in security.

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