RedSeal CEO Survey

CEOs Reveal Cyber Naiveté as Incidents Rise and Losses Mount

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Study Commissioned by RedSeal Exposes Significant Disconnect Between CEOs’ Confidence in Defense Strategies and Actual Results, Points to Requirement for Real-Time Measures of Network Security

Download our Executive Summary.


SUNNYVALE, Calif.  – RedSeal (www.redseal.net), a leader in the cybersecurity analytics market, today released the results of a CEO study, which surveyed perceptions of – and confidence in –  their cybersecurity posture.

The study found that more than 80 percent of CEOs are very confident in their firm’s cybersecurity strategies, despite the fact that security incidents have surged 66 percent year-over-year since 2009 according to PricewaterhouseCoopers’ 2017 Global State of Information Security Survey.

“CEOs are underestimating their companies’ cyber vulnerabilities,” said Ray Rothrock, chairman and CEO of RedSeal. “Their confidence does not square with what we observe. Cyber-attacks are up and financial losses associated with these attacks are increasing dramatically.” Specifically, PricewaterhouseCoopers’ 2015 Global State of Information Security Survey projected that financial losses from cyber-attacks will jump from $500 billion in 2014 to more than $2 trillion in 2018.

Cyber Confidence Based on Out-of-Date Strategies

While CEOs remain confident that their cyber strategies are well equipped to handle the risks facing their company networks, there is a disconnect between their perception and reality. In Oct. 2014, FBI director James B. Comey said that no company is immune from attack. “There are two kinds of big companies in the United States,” he told 60 Minutes. “There are those who’ve been hacked…and those who don’t know they’ve been hacked.”

Yet two years later, the RedSeal study found that half of the CEOs still prioritize keeping hackers out of the network, versus just 24 percent who were concerned with building capabilities to deal with hackers who have successfully breached their network’s perimeter defenses.

“The new cyber battleground is inside the network, not at the perimeter,” said Rothrock. “Firewalls, virus detectors, and malware scans are required to keep out 99 percent of the bad guys, but the one percent who get in can cripple a firm, critical infrastructure or a government agency.”

CEOs Struggle to Assess Their Massive – and Growing – Cybersecurity Investments

The study found that, while 87 percent of CEOs agree that they need a better way to measure the effectiveness of their cybersecurity investments, 84 percent still plan to increase their spending in the next year. A trend reiterated by IDC’s Oct. 2016 prediction that organizations will spend $101.6 billion on cybersecurity software, services, and hardware in 2020, a 38 percent increase from its 2016 spend projections.

“We’ve reached an inflection point where cyber security strategies and investments have underperformed for an extended period of time. Analysts estimate that cyber losses are now growing more than twice as fast as the spend on security,” continued Rothrock. “To stem this tide, CEOs and boards need more effective metrics to understand the real-time health and function of their network, and to more clearly manage and measure their cyber strategies and investments.”

Even though security budgets are at an unprecedented high, nearly three out of four CEOs report the metrics they receive lack meaning or context. Most (79 percent) agree their reports are too difficult to understand, and 87 percent need a better way to measure whether cybersecurity investments are effective. In addition, they cite a lack of timeliness (51 percent) as well as only receiving reports in times of crisis (50 percent) as significant challenges.

Nearly 90 percent of CEOs say they want information – on a daily basis – about their cybersecurity posture and network’s overall health, external threat level, and the resilience of the network.

And while 79 percent of CEOs surveyed strongly agree that cybersecurity is a strategic function that starts with executive leadership versus being a responsibility passed on to the IT team, 89 percent of these same CEOs report reliance on their IT team to make the budget decisions on cybersecurity.

“CEOs project a great level of confidence when asked about their cybersecurity strategies, however their perceptions aren’t in line with reality,” said James Kaplan, partner at McKinsey & Company and co-author of Beyond Cybersecurity: Protecting Your Digital Business. “For years, the IT security industry has operated with the understanding that every organization will suffer a security incident. Given this inevitability, CEOs should be much more focused on building resilience into their businesses so they can maintain operations when the breach occurs.”

Methodology

This RedSeal study was conducted online via independent data collection firm, 72 Point, in September 2016. 200 chief executive officers in the U.S. were randomly sampled, at organizations with 250 or more employees. 42% of respondents were CEOs of companies with greater than 1,000 employees. The survey reached CEOs across a host of major industries, including technology, finance, manufacturing, government and retail. Respondents were invited to the survey from an invitation-only panel of CEOs. The survey and methodology is MRS compliant. To review an executive summary of the results, visit our website.

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About RedSeal

RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

RedSeal Selected as a 2016 Red Herring Top 100 Global

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Cybersecurity and Analytic Software Platform Provider Honored for Second Consecutive Year

SUNNYVALE, Calif.— RedSeal (redseal.net), a leader in the cybersecurity analytics market, today announced that Red Herring selected it as one of its Top 100 Global companies for the second year in a row. This prestigious award recognizes private companies from North America, Europe, and Asia for their innovations and market-leading technologies in their respective industries.

“We’re honored to be recognized by Red Herring for our work helping organizations maximize their digital resilience against potentially crippling cyber events,” said Ray Rothrock, chairman and CEO of RedSeal. “Cyber attacks are an increasingly public and material issue for businesses, government agencies and critical infrastructure operations. In fact, it’s becoming a primary concern of the C-suite, as they recognize there is no such thing as perfect perimeter protection. As a result, we’re seeing massive demand for RedSeal’s ability to measure the resilience of networks, and map cyber investments to results.”

Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“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 puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

Julie Parrish Joins RedSeal as Chief Marketing Officer

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Industry Veteran to Further Capture Global Interest in Cybersecurity and Digital Resilience

SUNNYVALE, Calif.— RedSeal (redseal.net), a leader in the cybersecurity analytics market, today announced that Julie Parrish recently joined the company as Chief Marketing Officer. Parrish will lead the company’s global marketing effort to position RedSeal as the thought leader in digital resilience, increase overall awareness for RedSeal, and drive demand for RedSeal’s cybersecurity analytics platform.

“Julie rounds out our leadership bench with perspective and deep cyber industry expertise, and she understands the C-Suite’s quest for ROI across all budget line items,” said Ray Rothrock, chairman and CEO of RedSeal. “We’re thrilled to have her further extend RedSeal’s value proposition – of enabling digital resilience, measuring cybersecurity effectiveness, and mapping cyber investments to results  – to the C-Suite and executives across organizations.”

Before joining RedSeal, Parrish was CMO for both Check Point and NetApp, where she also served as senior vice president of worldwide channel sales. She has held a number of senior leadership positions in marketing and channel sales at Fortune 1000 companies including Symantec, Veritas, Nokia and 3Com (now part of HP).

“I’m thrilled to join RedSeal – their vision of enabling digital resilience is inspiring – and more importantly, achievable,” said Parrish.  “RedSeal has a tremendous leadership team, a significant technology advantage and a real opportunity to help customers close the gaps they still have in their overall security strategy. “

RedSeal reported record revenues, positive cash flow and profitability in its latest quarter.  The company saw growth across all segments, including 100 percent quarter-over-quarter sequential growth in commercial business, and 300 percent year-over-year organic growth from customers expanding their adoption of RedSeal technology.

Parrish will be based in the company’s headquarters in Sunnyvale, Calif.

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About RedSeal

RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

RedSeal Reports Positive Cash Flow and Profitability in its Strongest Quarter to Date

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Record Revenue and Gross Margins Propel Cyber Analytics Company’s Q3 Momentum

SUNNYVALE, Calif.— Nov. 7, 2016 — RedSeal (redseal.net), a leader in the cybersecurity analytics market, today announced it closed its third quarter with record revenue, boosted by the close of the company’s largest single contract to-date. The company ended the quarter cash flow positive and profitable on a GAAP basis, as year-to-date revenue increased 38 percent over the same period last year and 57 percent over the previous quarter.  Year-to-date net income in 2016 was 150 percent above the same period in 2015.

“Our record-breaking quarter shows that digital resilience and cyberattack preparedness is a priority for many global enterprises and government agencies,” said Ray Rothrock, chairman and CEO of RedSeal. “The large majority of executives we speak with want real-time information about external threats and the overall health and resilience of their network. Our proven network resilience technology delivers comprehensive and measurable results to the C-Suite and beyond. Measuring cybersecurity effectiveness, mapping visibility and investments to results, and reeling in out-of-control cybersecurity spending are critical to business success, and why we believe the growth RedSeal is experiencing today is just the tip of the iceberg.”

RedSeal reported gross margins hit an all-time high and its commercial business grew 100 percent over the previous quarter. In addition to closing the biggest deal in company history, RedSeal achieved a 300 percent increase in growth with existing customers over Q3 2015. This included RedSeal’s second largest expansion contract to-date, with one of the world’s top consumer electronics companies. Overall, growth came from across government agencies and commercial segments, including a range of technology, professional services, retail, and financial services companies.

To date, RedSeal’s network resilience technology is implemented in more than 40 government agencies and hundreds of commercial enterprises, including three new customers from the company’s recently opened office in Japan.

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 About RedSeal

RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, Calif. and serves customers globally through a direct sales and channel partner network.

 

RedSeal to Attend the Premier Technical Security Conference Black Hat USA

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WHAT: Black Hat is a technical and global information security event series that began in 1997. The event series are held annually in the United States, Europe and Asia, and offer attendees the very latest in information security research, development and trends. This will be the 19th annual Black Hat USA, taking place in Las Vegas, Nevada.

 WHY: Security professionals are tasked with building and monitoring networks that can withstand cyberattacks and quickly bounce back once their network is compromised. RedSeal executives can talk more about the overall move to “resilience” in the industry, which ensures organizations continue to operate effectively throughout cyberattacks/incidents to their resolution. They can also share insights on their recent 1H-2016 momentum – including 19 new customers in the first half of 2016 across government and commercial sectors. Today, digital resilience is an operational and strategic imperative.

 WHEN: Wednesday, August 3, 2016 – Thursday, August 4, 2016

WHERE: Booth #774, Mandalay Bay Convention Center, Las Vegas, Nevada

 

media inqueries: Alison Busse, Finn Partners, +1 (415) 348-2722, alison.busse@finnpartners.com

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About RedSeal: RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.

About Black Hat: Black Hat is a technical and global information security event series. For more than 18 years, Black Hat has provided attendees with the very latest in information security research, development, and trends in a strictly vendor-neutral environment. These high-profile global events and Trainings are driven by the needs of the security community, striving to bring together the best minds in the industry. Black Hat inspires professionals at all career levels, encouraging growth and collaboration among academia, world-class researchers, and leaders in the public and private sectors.

RedSeal Records Strong Growth, New Clients and International Expansion in First Half of 2016

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Cyber Analytics Company Expects to Reach Profitability in Second Half of Year

SUNNYVALE, Calif.— July 27, 2016 — RedSeal (redseal.net), the cybersecurity analytics company, today announced it reached break-even in the first half of 2016 and projects profitability in the second half of the year. Demand for RedSeal’s analytics platform is steadily growing as digital resilience and cyberattack preparedness become a strategic priority in the C-suites of global 2000 companies and government agencies.

“The C-Suite is asking for more comprehensive and measurable results from their security and network organizations. This requires new thinking—and new behavior to support that thinking—not just better prevention,” said Ray Rothrock, chairman and CEO of RedSeal. “RedSeal’s proven network resilience technology has been implemented by over 40 government agencies and hundreds of commercial enterprises. Digital resilience is the new watchword in cybersecurity and RedSeal provides an essential element of resilience.”

Highlights of the company’s first-half performance include a 70 percent increase in bookings and a 110 percent increase in revenue over the first half of 2015. RedSeal acquired 19 new customers in the first half of 2016 from across government and commercial sectors, including several multinational technology companies and media conglomerates, an international consumer packaged goods manufacturer, a national health insurance plan provider, and a branch of the U.S. Armed Forces.

RedSeal’s second half has begun on a strong note. The company just closed a $6.3 million contract—the largest in its history—with an existing customer that was using RedSeal in just one part of its organization. The results demonstrated so much value, in the form of insights and the ability to prioritize its cybersecurity initiatives, that the customer is expanding use of RedSeal across its entire $65 billion enterprise.

RedSeal grew its international presence in the first half of the year, opening new offices in Japan and Canada, and accelerating its international traction in government and commercial segments across the globe. Overall, the company has increased headcount by 30 percent since the beginning of 2016 and has doubled its headcount in EMEA. This global momentum demonstrates an increasing demand from the people who run networks for more complete information of their infrastructures, which helps them prioritize their security activities and thus remain resilient against evolving threats.

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About RedSeal
RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.

 

Contact:
Alexandra Laurelli
Finn Partners
+1 (303) 862-9530
alex.laurelli@finnpartners.com

RedSeal Cybersecurity Analytics Platform Achieves Rapid Success in Japan

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RedSeal Announces Japan Subsidiary, Country Manager and Fujitsu Systems East Reseller Partnership

Sunnyvale, Calif. – July 21, 2016 –  RedSeal (redseal.net), the cybersecurity analytics company, today announced it has established a Japanese subsidiary, RedSeal KK. Led by newly appointed country manager, Hiroki Inoue, RedSeal KK will provide sales, marketing and technical support to its growing customer and distribution base. The RedSeal cybersecurity analytics platform has achieved fast traction in Japan through a strong distribution network, which has now been further enhanced with the addition of Fujitsu Systems East Ltd. (FEAST).

The network resilience and cybersecurity preparedness that RedSeal provides is resonating well in the Japan market as attention and investment in cybersecurity across corporate and government agencies grows. IDC Japan predicts 19 percent growth in the Japanese Cyber Security Market in 2016, reaching $2.7 billion.

“Our customers expect us to provide the most advanced cybersecurity solutions,” noted Keiichi Yamamura, corporate executive officer of Fujitsu Systems East Ltd. “With the addition of RedSeal to our cybersecurity offering, we can now deliver network security consulting, digital resilience monitoring, and verification services to our customers, helping them build highly resilient digital networks and businesses.”

This growth in Japan has, in part, been spurred by a series of high profile attacks, awareness of increased exposure around the Tokyo 2020 Summer Olympics, and government initiatives including the Basic Act on Cybersecurity in 2013, and the recent creation of the National Center of Incident Readiness and Strategy for Cybersecurity (NISC) to coordinate government responses on cybersecurity-related issues.

“There is heightened awareness at the CEO level, and across government agencies in Japan, that measuring and maintaining digital resilience is a priority. RedSeal delivers exactly to this priority,” noted Ray Rothrock, chairman and CEO of RedSeal. “By providing organizations the tools to build digital resilience into their networks before attacks, we enable them to get ahead of the ongoing, automated, and ever more sophisticated attacks.”

The RedSeal cybersecurity analytics platform helps customers understand the state of their networks, measure resilience, verify compliance and accelerate incident response. It analyzes customers’ networks and automatically builds a virtual network model to provide continuous monitoring and visibility into potential vulnerabilities. The platform also delivers the RedSeal Digital Resilience Score, to measure, benchmark, and set targets to actively manage the digital resilience of a customer’s network and security infrastructure.

“We have built success on offering the best and most efficient network and security solutions available,” said Takao Tsubuki, president of Terilogy. “Partnering with RedSeal, we are now able to extend our solutions to include cybersecurity analysis solutions for network infrastructure.”

In addition, Susumu Watanabe, president of NVC (Network Value Components) commented, “NVC brings an unparalleled breadth and depth of world class network and security solutions to the Japan market. The RedSeal cybersecurity analytics platform is a valuable addition to our security portfolio.”

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About RedSeal
RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.

 

Contact:
Alexandra Laurelli
Finn Partners
+1 (303) 862-9530
alex.laurelli@finnpartners.com

RedSeal CEO to Present to Israel’s Leading Cybersecurity Leaders and Innovators

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Ray Rothrock Outlines the Path to Digital and Network Resilience at Cyber Together

WHAT:  State of the Cyber Union and Digital Resilience

The Cyber Together event will bring together 50 to 75 C-level executives from Israel’s most innovative cybersecurity vendors for an open lecture on the market needs, trends and challenges in cybersecurity.

Past Cyber Together speakers have included former NYC mayor Rudy Giuliani, the CSO of Hertz, the CTO of Netflix and the CSOs of both the World Bank and Citibank. This event supports the mission of Cyber Together to accelerate the growth of Israeli cybersecurity innovation.

Cyber Together, a not-for-profit cybersecurity organization, fosters strategic initiatives in global cybersecurity.

 WHY: Israel has led the cybersecurity industry in prevention and detection innovation, but the landscape for cyber defense has shifted. Digital and network resilience – the ability to respond and rebound quickly once a network is compromised – is now critical for organizations. Cybersecurity innovators, regulators and leaders alike must evolve – and fast.

WHO: Ray Rothrock, CEO of RedSeal

WHEN: Sunday, June 19, 2016, 1:00 p.m.

WHERE: GKH law office, Azrieli Center, Round Building, Floor 40th, Tel Aviv

 For on-site media invitation, contact: Alon Refaeli, Cyber Together, Alon@CyberTogether.org

U.S. media inqueries: Alison Busse, Finn Partners, +1 (415) 348-2722, Alison.Busse@FinnPartners.com

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About RedSeal
RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.

About Cyber Together: Established in 2014, Cyber Together is an independent organization formed to advance cybersecurity in a wide range of IT sectors.  The organization’s purpose is to provide the glue between security providers (OEMs, service companies), distributors (VARs, Integrators), key decision makers (CISOs, CxOs) and security staff workers. In addition, Cyber Together serves as an information source to the industry.

RedSeal CEO Ray Rothrock to Deliver Keynote Speech at Canadian Chamber of Commerce’s Annual International Trade Day Event

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Learn Why Companies Need to Expand Beyond Cyber Protection to Building Resilient Networks While “Trading at the Speed of Light”

WHAT:  Trading at the Speed of Light: International Trade Day 2016: Every year, the Canadian Chamber of Commerce brings over 100 senior executives, thought leaders and public officials to Ottawa for a frank discussion on what Canadian businesses need to win in a rapidly changing global economy. This year’s focus is on the transition in trade done in an increasingly digital format. How can Canadian business harness digital to its full potential?

WHY: Cyber security and building resilient digital infrastructures have become more than just the concern of an individual organization; they are now national and international issues.

 As networks expand and become more complex, it becomes almost impossible to protect them from all incidents. Business leaders and policy makers with an interest in the digital economy need to learn why digital resilience – the ability to respond and rebound quickly – is critical.

 WHO: Ray Rothrock, CEO of RedSeal

WHEN: Thursday, May 19, 2016, 12:30 p.m. – 2:00 p.m. EDT

WHERE: Shaw Centre, Ottawa, ON, Canada

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About RedSeal
RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.

RedSeal CEO Ray Rothrock Joins Industry-Leading Panel on Cyber Resilience at Milken Institute Global Conference

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WHAT:  The Milken Institute Global Conference convenes 3500 participants who will hear more than 700 speakers in more than 170 sessions over four days — to explore solutions to today’s most pressing challenges in financial markets, industry sectors, health, government and education.

WHY: As the Internet of Things expands and our world becomes more and more connected, the most critical issue facing global businesses is cybersecurity. Breaches are inevitable. An estimated 50 percent of U.S. adults have had their personal information hacked. Over the past year, there has been an increase in attacks against major banking, health care, utility and consumer retail companies. And hackers are finding new opportunities as more consumers use mobile payment platforms. The governments of the U.S. and other nations have been targets.

In this panel entitled “Cyber Resilience: New Line of Defense for Business”, cybersecurity experts will explore ways of safeguarding consumers and better protecting businesses and national security, including the increasingly popular idea of “cyber resilience” — the ability to recover from attacks more quickly and keep losses, both reputational and financial, to a minimum.

WHO:  Moderator: James Kaplan, Partner, McKinsey & Co.

Panelists:

  • Ray Rothrock, CEO, RedSeal
  • Catherine Allen, Chairman and CEO, Santa Fe Group
  • Jonathan Kaltwasser, Deputy Director, Defensive Cyber Operations, Fleet Cyber Command, U.S. Navy
  • Tim Rains, Director, Security, Microsoft Corp.
  • Andrew Rubin, CEO and Co-Founder, Illumio

WHEN: Monday, May 2, 2016, 9:30 a.m. – 10:30 a.m. PT

WHERE: Beverly Hilton, Los Angeles

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About RedSeal
RedSeal puts power in decision makers’ hands with the essential cybersecurity analytics platform for building digitally resilient organizations. RedSeal’s Digital Resilience Score, modeled after a creditworthiness score, measures how prepared an organization is to respond to an incident and quickly rebound. The company’s platform adds value to existing network devices by working with them and building a network model. With this, customers can understand the state of their networks, measure resilience, verify compliance, and accelerate incident response. RedSeal’s customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers globally through a direct sales and channel partner network.