SAN JOSE, Calif.--(BUSINESS WIRE)--Balbix Inc., provider of the industry’s first system for cybersecurity posture transformation, announced today that it has been selected as the winner of the “Vulnerability Assessment Solution of the Year” award from CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market today.
Balbix enables CISOs and IT security teams to automate a continuous understanding of security posture, ultimately helping to efficiently and effectively reduce breach risk. It is the industry’s first system to leverage predictive analytics and artificial intelligence (AI) to quantify and prioritize risk across the entire enterprise attack surface, resulting in breach risk reduction by 95% or more and 10x more efficient security teams.
“Enterprises today are faced with several challenges when it comes to developing a security strategy that enables them to efficiently and effectively improve their security posture,” said Gaurav Banga, Founder and CEO of Balbix. “We are honored to be recognized as the top vulnerability assessment solution and to see our platform continue to gain traction. This recognition is proof that Balbix understands these challenges and is making significant progress in helping customers become more proactive in reducing their risk of a breach.”
“We are proud to name Balbix as the winner of CyberSecurity Breakthrough’s Vulnerability Assessment of the Year award,” said James Johnson, managing director of CyberSecurity Breakthrough. “With over 3,700 nominations from all over the world, the 2020 awards are highly competitive, and all winners truly reflect the very best in today’s cybersecurity industry.”
This award, among other industry recognition, further validates Balbix as a leader in the industry. The company was named as a Silver Stevie Award Winner in the 2020 American Business Awards. Balbix also won AI Tech Trailblazer for the 2019 Tech Trailblazers Awards, and the platform was awarded Gold for Hot Security Technology of the Year in Artificial Intelligence in the Info Security Products Guide Awards.
Balbix is the world’s first cybersecurity platform to leverage specialized AI to provide real-time visibility into an organization’s breach risk. The Balbix system predicts where and how breaches are likely to happen, prescribes prioritized mitigating actions, and enables workflows to address the underlying security issues. By using Balbix, CISOs and CIOs can transform their organization’s cybersecurity posture, reducing cyber risk by 95% or more, while making security teams 10 times more efficient. Balbix counts many global 1000 companies among its rapidly growing customer base and was named a “Cool Vendor” by Gartner in 2018. For more information, visit our website www.balbix.com and blog https://blogs.balbix.com/, follow us on Twitter https://twitter.com/balbixinc/ and LinkedIn https://www.linkedin.com/company/balbix/.
About CyberSecurity Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit CyberSecurityBreakthrough.com.