TYSONS, Va.--(BUSINESS WIRE)--Nehemiah Security, an internationally recognized supplier of cybersecurity software and services to enterprise and government organizations, today announced that the company’s cyber risk platform, RQ, was awarded two Global Excellence Awards® by Info Security Products Guide. RQ was named the Gold winner for Security Products and Solutions for Insurance, and the Bronze winner for Risk Management. By reducing the lengthy time and heavy cost of a traditional cyber risk assessment, Nehemiah’s platform is pioneering a new system of risk management for security in the business.
Going forward, organizations will be increasingly held accountable for knowing their risks, and mitigating them on a continuous, automated basis. To support these evolving requirements, RQ leverages verifiable data to quantify cyber risks in financial terms, providing specific data for the business to act on, and transferring risks intelligently. RQ’s Risk Engine elevates cyber risk to the status of a business risk by aggregating data from business units, IT environments, and threat intelligence to identify an organization’s unique risks, and the exact dollar amount they pose to business operations.
Paul Farrell, co-founder and CEO of Nehemiah Security, says, “We are grateful to be recognized by the ISPG awards for the second year in a row, and especially in two new categories. This year’s awards truly showcase the growth and versatility of RQ – from serving as a tool that insurance underwriters can rely on to define how each unique business defines loss, and establishing the correct model for assessing and quantifying risk, to helping merge business and technical security language that may otherwise inhibit successful communication, we are excited to continue making an impact on the way the industry manages cyber risk.”
Every organization is unique, even within the same industry. When one retail store is hacked, it does not mean another brand down the street has the same risks, or even the same information to lose. RQ enables insurance companies to write more accurate policies, and individual organizations to better understand their risk, by financially quantifying cyber risks with intelligence based on internal and external risk factors facing a business. The quantified losses from RQ can be traced from a business line down to each IT workstation and vulnerability. This changes how each organization views cyber risks, and how insurers quantify potential losses. With automation, traceable data, and quantifying cyber risks in financial terms, RQ helps both businesses and insurers identify the exact business assets at risk in the potential event of a breach and facilitate an effective conversation around buying down those risks.
“RQ views measuring cyber risk similar to how life insurance is sold; based on genetics and family history, geography, weight, heart health, whether you smoke, etc. Every factor considered offers a better understanding of each person, and a more established picture of one’s risk for disease,” adds Jerry Caponera, VP Cyber Risk Strategy, Nehemiah. “Nehemiah wants to help make every company aware of their unique risks and then run regular tests – because like our health, things change over time and it makes treating the problem much easier if we know when things change and why.”
To learn more about Nehemiah Security, or how RQ is helping industry leaders justify cybersecurity spend, schedule a meeting with us during the RSA Conference in San Francisco from April 16-19, 2018.
About Nehemiah Security
Nehemiah Security believes that Security must become a core business function like Accounting, HR, and Sales. Nehemiah’s mission is to empower security leaders to integrate their operations into the suite of functions corporations monitor and invest in every day. Nehemiah Security works with enterprises around the world to elevate the security conversation and answer the question, “How does this impact my business?” For more information on Nehemiah’s cyber risk analytics, please visit nehemiahsecurity.com.