CyCognito Gets $23M to Find Your Cybersecurity Holes

CyCognito says their global botnet operates at nation-state scale using reconnaissance techniques to continuously scan, map and fingerprint billions of global digital assets.

The company says it will help find your shadow-risk by looking at the external attack surface of your organization without setup or configuration.

They just announced a major funding round of $23 million.

In addition, the company has also added the following features:

CyCognito CEO and Co-Founder Rob Gurzeev
  • The ability to automatically discover and associate all of the systems comprising a web application – including web servers, databases, load balancers, etc., which reveals the business purpose of these assets, thereby highlighting the impact a compromise of the assets would have.
  • New workflow integration features, including role-based access control to ensure differentiated access based on a user’s scope of responsibility.
  • An API for integrating into existing workflows. Learn more about the new release in the CyCognito blog.

“I want as much visibility as possible to understand what is going on in my network and systems. The last thing I want is finding out from a customer, law enforcement official, or other external party that we have an attacker. If I understand my risks, then I can manage them. Most of the time, it is the unknown “shadow risks” that kill you. That could be a forgotten server or cloud environment that goes unmanaged. Eliminating the unknowns is critical because that is where most attackers will go first,” said James Christiansen, Vice President, Chief Information Security Officer, Teradata.

Dima Potekhin, CyCognito CTO and Co-Founder

“The rise of shadow IT and the democratization of computing through increasingly flexible cloud computing options too often leave information security professionals in the dark when it comes to understanding their organization’s biggest cyber risks. Conventional risk discovery and assessment tools and practices haven’t kept pace with these changes, nor have they kept up with the changing threat landscape, leaving enterprises unwittingly exposed to attack. Borrowing a page from the darknet’s rent-a-botnet mode of operation allows infosec professionals to see their organization’s digital assets from a cyber criminal’s point of view to better shore up their defenses,” said Paula Musich, Security and Risk Management Research Director at Enterprise Management Associates.

“Security professionals understand all too well that attackers need just a single-blind spot for entry, while defenders have to guard everything, all the time. Unfortunately, the legacy security approaches that are still being used to attempt to detect and pinpoint security risks are completely inadequate for the job,” said CyCognito CEO and Co-Founder Rob Gurzeev. “This is because these legacy solutions were designed 20+ years ago to protect a few servers connected to the internet. Today, these tools either neglect or are completely blind to half of the modern IT ecosystem of the average organization. Our customers inform us that the CyCognito platform quickly surfaced their shadow risk, the open conduits into their organization that their teams hadn’t seen.”

“Most organizations have expanded and broadly diversified their IT resources on-premises and in the cloud, making continuous monitoring and timely mitigation extremely challenging,” said Dima Potekhin, CyCognito CTO and Co-Founder. “The inspiration for the CyCognito platform was the realization that the explosive growth in the numbers of threat actors and the sophistication of their tools has leapfrogged the capabilities of legacy security solutions and most of today’s enterprises, even those who are highly security aware.”

The reality is companies are blind without continuous monitoring of their attack surface. They are frequently unaware of new clouds which have been added – or devices or offices, etc.

This is where CyCognito excels – finding the needles in the haystack which could be breached to gain access to your network.

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