Government Business, Cybersecurity
PR Newswire | January 04, 2024
Synack has achieved the Moderate "Authorized" designation from the U.S. Federal Risk and Authorization Management Program (FedRAMP), demonstrating Synack's premier security testing platform meets the cloud compliance framework's rigorous requirements at the Moderate level.
The milestone approval means additional U.S. agencies can deploy Synack's best-in-class penetration testing and vulnerability management solutions – even in systems that process Controlled Unclassified Information and other official or sensitive data.
"This achievement is a gamechanger for our federal clients," said Dr. Mark Kuhr, Synack CTO and co-founder. "It also sends a clear message to all our customers: You can trust Synack to keep your data secure as we deliver pentesting of the highest caliber."
The Government Accountability Office has warned that "malicious actors are becoming more willing and capable of carrying out cyberattacks" on federal targets, with the potential to seriously harm national security. FedRAMP is a cornerstone of the U.S. government's efforts to realize that vision and combat threats as agencies continue to shift critical data to the cloud. Additionally, White House requirements such as Memorandum 22-09 require agencies to adopt a zero trust architecture strategy by September 2024.
Operating dedicated application security testing programs is a critical component of a zero trust strategy, and Synack proudly empowers agencies to conduct such services in a FedRAMP Moderate Authorized environment.
"This FedRAMP designation clears the way for Synack's premier security testing platform to protect more government systems," said Synack vice president for public sector Catherine Bowen. "We are doubling down on our goal to improve the security posture of agencies and companies handling mission-critical government applications, internally and externally."
To qualify as Moderate Authorized from FedRAMP, Synack successfully enforced 325 security controls and underwent extensive third-party vetting of its security infrastructure.
Achieving full authorization reflects Synack's ongoing commitment to making the world more secure by providing on-demand access to the Synack security testing platform and the 1,500-plus vetted security researchers who make up the global Synack Red Team.
The U.S. Department of Health and Human Services (HHS) sponsored Synack's successful bid for FedRAMP authorization. Today's announcement builds on Synack's FedRAMP Moderate "In Process" designation achieved in 2022, when Synack was first listed on the FedRAMP marketplace.
Synack has worked with HHS and dozens of other federal agencies to test internal assets and elevate their security postures. The company participated in the Defense Department's inaugural "Hack the Pentagon" program in 2016, helping find and fix high-impact vulnerabilities in a range of military networks. DoD would go on to host a follow-up initiative featuring Synack, aimed at normalizing a trusted, crowdsourced approach to security testing.
Synack's premier on-demand security testing platform harnesses a talented, vetted community of security researchers and smart technology to deliver continuous penetration testing and vulnerability management, with actionable results. We are committed to making the world more secure by closing the cybersecurity skills gap, giving organizations on-demand access to the most trusted security researchers in the world. Headquartered in Silicon Valley with regional teams around the world, Synack protects federal agencies and a growing list of Global 2000 customers, uncovering over 13,000 vulnerabilities for clients in 2023 alone.
PR Newswire | January 08, 2024
Resecurity (USA), a global cybersecurity solutions provider protecting Fortune 500 and government agencies worldwide, proudly announces the successful completion of its official registration process with the National Cybersecurity Authority (NCA) in Saudi Arabia. This achievement solidifies Resecurity's status as a registered and authorized cybersecurity service provider within the Kingdom. Resecurity has been added to the list of accredited cybersecurity service providers on the official WEB-site of the NCA under number 248. Resecurity's comprehensive portfolio of services is tailored to government and law enforcement organizations, making them a trusted partner in the field of cybersecurity fully compliant with existing regulations and legislation.
On April 25, 2022, the NCA issued a public call to entities providing cybersecurity services, solutions, or products in Saudi Arabia to register their data through the NCA's website. The initiative, which became a mandatory requirement for relevant entities starting August 1, 2022, aims to enhance the overall cybersecurity landscape in the Kingdom and foster a secure and reliable cyberspace conducive to growth. Separately, the NCA indicated that this requirement enhances the efforts made in developing and regulating the cybersecurity market and industry in the Kingdom of Saudi Arabia, and outlined the same precedes the issuance of necessary regulatory licenses to practice some activities related to the sector during the coming period.
Upholding the Best Cybersecurity Standards
Resecurity, in alignment with the NCA's vision, has successfully navigated the registration process, showcasing its commitment to upholding the highest standards of cybersecurity. As a registered service provider, Resecurity is well-poised to contribute to the development of the Kingdom's cybersecurity market.
"Completing the official registration with the National Cybersecurity Authority is a testament to Resecurity's unwavering commitment to cybersecurity excellence and compliance. Our mission has always been to empower organizations with advanced security solutions, and this milestone underscores our dedication to fortifying the digital resilience of Saudi Arabia. We are excited to collaborate with the Kingdom in building a robust and secure cyberspace for its citizens and businesses." - Gene Yoo, CEO of Resecurity shared his perspective on this achievement:
"Our journey in the Kingdom of Saudi Arabia is marked by this significant achievement. We are excited about the opportunity to contribute to the Kingdom's cybersecurity landscape and work collaboratively towards a digitally secure future in scope of Saudi Vision 2030." - said Mohammed Alghamdi, Managing Director of Resecurity in the Kingdom of Saudi Arabia:
NCA's Vision for a Secure Digital Future
The NCA's decision to enforce the registration requirement is rooted in its commitment to creating a safe and reliable Saudi cyberspace. By establishing a mandatory registration process, the NCA aims to ensure that entities providing cybersecurity services contribute to the overall security posture of the Kingdom.
By completing the official registration with the NCA, Resecurity reinforces its commitment to delivering cutting-edge cybersecurity solutions. As a registered service provider, Resecurity is now better equipped to contribute to the advancement of Saudi Arabia's cybersecurity infrastructure and assist businesses in navigating the constantly evolving threat landscape.
Moving Forward Together
Resecurity looks forward to collaborating with the National Cybersecurity Authority and fellow registered entities in creating a secure digital environment that facilitates growth, innovation, and prosperity. Last year, Resecurity announced the appointment of Mohammed Alghamdi as the Managing Director for its operations in the Kingdom of Saudi Arabia (KSA). With a distinguished professional career spanning government relations management and successful collaborations with both private and public sector organizations, Mr. Alghamdi is well-equipped to lead Resecurity's strategic initiatives and business development in the region. Mr. Alghamdi's career includes notable tenures at prestigious global consulting firms, including Booz Allen Hamilton, Oliver Wyman, and Bain & Company. He specializes in addressing clients' most critical issues: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions (M&A), and sustainability across all industries and geographies. As the Managing Director for Resecurity in KSA, Mr. Alghamdi will play a pivotal role in overseeing government affairs and mission-critical operations specifically relevant to the national security, aerospace and defense (A&D) verticals.
Resecurity, Inc. (USA) is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An Official Member and a Gold Sponsor of InfraGard National Members Alliance (INMA), AFCEA, NDIA, SIA, FS-ISAC and the American Chamber of Commerce in Saudi Arabia (AmChamKSA), Singapore (AmChamSG), Korea (AmChamKorea), Mexico (AmChamMX), and UAE (AmChamDubai).
GlobeNewswire | January 09, 2024
On Monday January 8th, Godspeed Capital Management LP (“Godspeed”), a lower middle market Defense & Government services, solutions, and technology-focused private equity firm, announced the acquisition of Cyberspace Solutions, LLC (“CSS” or “the Company”), a provider of all-source intelligence gathering, analysis, and systems development solutions for national security missions, by its intelligence, AI/ML, and Data Analytics platform, Crimson Phoenix. CSS was formerly owned by Illuminate Operations, Inc.
Chertoff Capital, LLC, the investment banking subsidiary of The Chertoff Group, served as the exclusive investment banking advisor to Illuminate Operations, Inc.
CSS is a provider of all-source intelligence gathering, analysis, and systems development solutions, including data and analytical support services for the Intelligence Community and U.S. Special Operations Command. CSS combines decades of intelligence expertise to deliver actionable insights that enable its national security customers to make fast and informed decisions. The Company now joins with Crimson Phoenix to support its intelligence strategy and national security objectives.
Jason Kaufman, Chertoff Capital president said, “CSS is a trusted provider of all-source intelligence data and analytical support services for national security missions. The acquisition of CSS by Crimson Phoenix not only optimizes portfolio value for our client but also propels the Company towards a future marked by innovation and market leadership. We are pleased to have served as the trusted advisor to Illuminate and look forward to Crimson Phoenix’s future success.”
Ryan Hoffman, Chertoff Capital principal said, “CSS aligns perfectly with Crimson Phoenix’s national security objectives. It brings a talented workforce and coveted customer relationships to the platform. This transaction reflects our dedication to delivering strategic value for mission-oriented companies. We are thrilled to have advised Illuminate on the sale and are excited for Crimson Phoenix’s promising future.”
Tameika Hollis, CEO of Illuminate Operations, Inc., said, “Chertoff Capital provided excellent advice throughout the entire transaction process. They were instrumental in crafting a clear description of the value proposition of the business being divested, identifying the relevant set of potential suitors, soliciting interest, shepherding the process of selecting the acquirer, navigating the challenges of bringing the transaction to a successful conclusion, and ultimately finding a great new home for the business. We appreciate their hard work and wise insights.”
About Chertoff Capital
Chertoff Capital is the investment banking subsidiary of The Chertoff Group, a specialized advisory firm that helps organizations achieve their business and security objectives in a complex risk environment. As an industry leading investment bank serving high growth, mission-focused companies in the defense technology, government services and cybersecurity markets, Chertoff Capital provides clients with a highly differentiated advisory offering that brings together transaction expertise and unparalleled business strategy insights. Chertoff Capital professionals have advised on well over 100 transactions over the last 20 years. Chertoff Capital is an SEC registered broker dealer and a member of FINRA.
About Cyberspace Solutions
Cyberspace Solutions, LLC, is a leading provider of all-source intelligence, gathering, analysis, and systems development solutions for Intelligence Community, Defense, and Law Enforcement customers. CSS customizes solutions and provide actionable intelligence for targeting and other vital mission priorities.
About Crimson Phoenix
Crimson Phoenix is a leading digital, data, and intelligence analysis and solutions platform designed to support the critical mission requirements of the U.S. Intelligence Community and U.S. Special Operations Command. Headquartered in the DC/Virginia area, Crimson Phoenix offers a differentiated suite of mission-critical capabilities and solutions in artificial intelligence & machine learning, cybersecurity, digital and data enablement, software development, and intelligence targeting and analysis.
About Godspeed Capital Management
Godspeed Capital is a lower middle-market defense & government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations.
PR Newswire | January 20, 2024
Thentia, a leading innovator in regulatory technology, is pleased to announce that it is now working with Amazon Web Services (AWS) to drive continued innovation in the public sector. Thentia is empowering regulators to seamlessly tap into the company's comprehensive regulatory assurance Software-as-a-Service (SaaS) platform, Thentia Cloud, powered by AWS, fortifying the landscape of regulatory oversight.
"We are thrilled to be working with AWS as we persist in our commitment to deliver an enhanced experience for government agencies and regulatory entities globally." says Julian Cardarelli, CEO, Thentia. "By leveraging the power of AWS, we solidify our position as a clear leader and a versatile multi-cloud provider in our category, affirming our commitment to ongoing excellence."
Cardarelli adds, "With our world-class, fully integrated regulatory assurance platform now accessible on AWS, we strengthen our commitment to empower the public sector with sophisticated tools for unparalleled efficiency in fulfilling their mandate of public protection."
Other key benefits of Thentia's relationship with AWS include working with AWS engineers and architects to optimize Thentia Cloud's performance, security, compliance, and reliability. Partnering with AWS also helps ensure that Thentia Cloud remains at the forefront of the latest advances in cloud computing.
Designed for regulators by regulators, Thentia Cloud digitizes, streamlines, and consolidates all essential regulatory functions within a single and secure cloud-based environment. The platform is designed to empower regulators with a comprehensive 360-degree view of all licensee activities, giving them a much more modern, streamlined, and efficient way to work and ultimately meet their regulatory obligation to safeguard the public.
Trusted by millions of licensed professionals, businesses, and entities globally, Thentia has been recognized by regulators worldwide for its enhanced blend of technological innovation and regulatory proficiency. In addition to AWS, Thentia Cloud is available on other cloud providers including Google Cloud, IBM Cloud, and Microsoft Azure.
Thoughtfully built for regulators, by regulators, Thentia is driving regulatory transformation for hundreds of regulators and regulatory agencies worldwide with a platform that handles all key department functions including licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, data analysis, and more. Thentia Cloud empowers regulators to transcend the constraints of legacy processes, custom-built solutions, and a web of disparate applications with a single unified 360-degree platform, setting new standards in efficiency and effectiveness.
Thentia Cloud is available on all major cloud providers, including Google Cloud, Amazon Web Services (AWS), IBM Cloud, and Microsoft Azure.