SecurityScorecard

SecurityScorecard, Inc.
Privately Held
Industry
Founded 2013
Headquarters New York, New York, United States
Area served
 Worldwide
Website www.securityscorecard.io

SecurityScorecard is an information security company founded in 2013, based in New York City, New York, United States. Focusing on third party management and IT risk management, SecurityScorecard provides a platform designed to rate cybersecurity postures of corporate entities through the scored analysis of cyber threat intelligence signals. The company has received financing rounds from entities such as Sequoia Capital, GV, Nokia, Intel, and Moody's.

History

In 2013, SecurityScorecard was founded by CEO Aleksandr Yampolskiy and COO Sam Kassoumeh upon realizing that the state of enterprise risk management practices oftentimes overlooked critical vulnerabilities introduced by third-party vendors. Joined by CRO Alexander Heid, the team guided the inception of the SecurityScorecard platform which collects, attributes, and scores the overall health of enterprise cybersecurity through the identification of exposed vulnerabilities on corporate digital assets which have been discovered on the public internet.

In January 2017, President Donald Trump cited a SecurityScorecard report during the President's first public press conference.[1] The 2017 SecurityScorecard Government Cybersecurity Report indicated that US Government network systems were at 'the worst' level of risk compared to other industries.[2]

Financial history

In 2014, SecurityScorecard closed an initial US$2.2 million seed round from Evolution Equity Partners, Bold Start Ventures, and Atlas Ventures.[3]

On April 2015, SecurityScorecard closed US$12.5 million Series A funding led by Sequoia Capital.[4]

In June 2016, SecurityScorecard closed a US$20 million Series B funding led by GV, formerly Google Ventures.[5]

During October 2017, SecurityScorecard closed $27.5 million Series C funding led by Moody's, Intel, Nokia, and AXA.[6]

Services

SecurityScorecard is software as a service platform which calculates color-coded letter grades and numerical scores based upon the identification of security vulnerabilities on corporate digital assets for the purposes of third party vendor risk management. Enterprises are scored on multiple categories of risk - such as web application security, network security, public availability of breached data, IP reputation, mentions within underground hacker chatter, and susceptibility to social engineering attacks. The findings are used to identify and mitigate emerging threat vectors that surface throughout the enterprise digital supply chain, as well as for the enforcement of GRC standards.

The SecurityScorecard platform is used in the following markets: financial services, cyber insurance, hospitality, e-commerce, energy, public sector, retail, telecommunications, cloud service providers, and software as a service providers.

See also

References

  1. ↑ "Trump news conference: CNN's Reality Check team vets the claims", CNN.com. https://www.cnn.com/2017/01/11/politics/donald-trump-news-conference-fact-check/index.html
  2. ↑ "All the Ways US Government Cybersecurity Falls Flat", Wired.com. https://www.wired.com/story/us-government-cybersecurity/
  3. ↑ "SecurityScorecard, Inc. - Seed Round", Crunchbase.com. https://www.crunchbase.com/funding_round/security-scorecard-seed--0285c86a
  4. ↑ "SecurityScorecard, Inc. - Series A", Crunchbase.com. https://www.crunchbase.com/funding_round/security-scorecard-series-a--5d7426cb
  5. ↑ "SecurityScorecard, Inc. - Series B", Crunchbase.com. https://www.crunchbase.com/funding_round/security-scorecard-series-b--0f9efa1a
  6. ↑ "SecurityScorecard, Inc. - Series C", Crunchbase.com. https://www.crunchbase.com/funding_round/security-scorecard-series-c--3eca4890
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