Cohere Cyber Secure and SecurityScorecard Partner to Improve Cybersecurity of Financial Sector

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Cohere Cyber Secure and SecurityScorecard Partner to Improve Cybersecurity of Financial Sector-01

Cohere Cyber Secure today announced a partnership with SecurityScorecard, the global leader in cybersecurity ratings, to deliver cyber ratings to customers and jointly drive market penetration with a single integrated solution. These include the most recognized companies globally across financial services, including various groups surrounding Registered Investment Advisors of Real Estate, Private Equity, Portfolio Managers, Hedge and LBO funds. As part of the partnership, Cohere will embed SecurityScorecard’s monitoring capabilities into our security operations via Cohere’s SIEM technology to continuously monitor and mitigate potential cyber threats, both on-premise and in the cloud.

“Financial organizations are the biggest target for cyber criminals, and security teams need a comprehensive and compliant cybersecurity strategy that provides in-depth intelligence,” says Aleksandr Yampolskiy, CEO at SecurityScorecard. “This partnership provides real actionable insights into the real-time threats facing financial organizations, and ensures that they will maintain the strongest possible security posture and conform to industry compliance standards.”

Also Read: Three Critical Factors for Keeping Enterprises Safe from Cyber Threats

The combined solution from Cohere delivers a 360-degree view and addresses critical security concerns including vulnerability assessment and risk management, threat detection with real-time monitoring, incident response, and regulatory reporting. Partnership customers can review their SecurityScorecard rating and extend this support to their portfolio and vendor firms. This complete solution allows for continuous monitoring that provides an outside-in view into security practices, ensuring that organizations can continue to provide their clients the most secure financial services. Additionally, as a tightly-coupled solution, customers can generate comprehensive monthly or on-demand Cyber health reports for governance boards and regulators.

“Security organizations are often hamstrung by only looking within their cyber borders with an inside-out view into their vulnerabilities, and often have to break up monitoring tools with multiple outside vendors,” says Steven Francesco, Chairman and CEO at Cohere Cyber Secure. “Investors, customers, regulators, CISO’s and compliance officers can rest easier knowing our solution keeps your company safe and secure.

Scoring more than 11 million companies continuously and on a daily basis, SecurityScorecard provides an objective, outside-in view of cyber risk based on publicly-available data. In addition, the company’s technology uses non-intrusive proprietary methods and data feeds continuously monitor covered entities based on 10 risk factors, including endpoint security, patching cadence, and network security, and ultimately delivers an “A” through “F” rating.

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