Press Release - NetSPI https://www.netspi.com/news/press-release/ Trusted by nine of the top 10 U.S. Banks Mon, 01 Apr 2024 16:22:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5 NetSPI Achieves Prestigious CBEST Accreditation, Solidifying Its Position as a Trusted Leader in Financial Services Security Testing https://www.netspi.com/news/press-release/cbest-accreditation/ Tue, 02 Apr 2024 08:00:00 +0000 https://www.netspi.com/?p=32205 NetSPI earns CBEST accreditation, a top financial security standard, equipping it to provide elite penetration testing and red teaming services.

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The accreditation solidifies NetSPI’s position as a trusted proactive security partner for the UK’s financial ecosystem helping them navigate the complexity of security testing regulations

2 April, 2024 – NetSPI, the proactive security solution, has announced its achievement of CBEST accreditation, marking a significant milestone in its commitment to delivering high-value penetration testing and red teaming services. CBEST, set by the Bank of England, represents one of the most rigorous security standards in the financial services industry. NetSPI’s accreditation places it among the top echelons of security testing organisations across the globe. 

To obtain CBEST accreditation, organisations must undergo a series of intensive evaluations, including  proven capability in delivering red teaming exercises that simulate real-world cyber attacks for the world’s leading financial institutions. NetSPI’s success in this accreditation underscores its dedication to maintaining the highest standards of security testing and validation. 

“Securing CBEST accreditation is a testament to NetSPI’s unwavering commitment to excellence in cybersecurity,” says Nick Walker, Regional Leader of EMEA at NetSPI.  “CBEST accreditation is not just a badge of honour; our team has demonstrated exceptional skill, expertise, and professionalism throughout this rigorous process, reinforcing our position as a trusted partner for organisations seeking to safeguard their critical assets proactively,” 

“From conducting mainframe testing, which is rare yet vital for financial organisations, to addressing supply chain vulnerabilities, NetSPI’s comprehensive approach to cybersecurity ensures that financial institutions – and their customers, partners, suppliers and the whole ecosystem – are equipped to navigate the evolving threat landscape with resilience and confidence,” says Giles Inkson, Director of Services EMEA at NetSPI. 

NetSPI’s accreditation further strengthens its position as a preferred security partner for the world’s most trusted brands, including top international banks, leading cloud providers, healthcare companies, and Fortune 500 organisations. With a unique blend of dedicated security experts, intelligent processes, and advanced technology, NetSPI empowers businesses to proactively discover, prioritise, and remediate security vulnerabilities, ensuring they can operate with confidence in an increasingly complex threat landscape. 

The accreditation puts NetSPI in good stead, as many other countries and industries have adopted similar approaches based on CBEST’s principles, such as the CSP (SWIFT’s Customer Security Programme). Additionally, NetSPI is already TIBER framework (Threat Intelligence-Based Ethical Red Teaming) and DORA framework (Detection of Operational Risks and Assets) ready, demonstrating NetSPI’s alignment with global cybersecurity standards and best practices. 

Genuine cyber resilience requires a comprehensive and ongoing commitment from organisations and is being reinforced by regulators to promote operational resilience of the financial market infrastructure. Firms that have taken part in the latest CBEST cycle will have the necessary robust remediation plans in place to address cyber resilience issues.

About NetSPI 

NetSPI is the proactive security solution used to discover, prioritise, and remediate security vulnerabilities of the highest importance, so businesses can protect what matters most. 

Leveraging a unique combination of dedicated security experts, intelligent process, and advanced technology, NetSPI helps security teams take a proactive approach to cybersecurity with more clarity, speed, and scale than ever before.

NetSPI goes beyond the noise to deliver high impact results and recommendations based on business needs, so customers can protect their priorities, perform better, and innovate with confidence. In other words, NetSPI goes beyond for its customers, so they can go beyond for theirs.

NetSPI secures the most trusted brands on Earth, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500.

NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. Follow NetSPI on LinkedIn and X.

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NetSPI Recognized as a Top USA Workplace for 2024 https://www.netspi.com/news/press-release/top-workplace-usa-2024/ Tue, 19 Mar 2024 13:00:00 +0000 https://www.netspi.com/?p=32132 Celebrate with NetSPI as Energage honors them as a top workplace for the third consecutive year, recognizing their commitment to innovation and employee satisfaction.

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Energage celebrates the proactive security leader for esteemed management and innovation for a third consecutive year

Minneapolis, MinnesotaMarch 19, 2024 – NetSPI, the proactive security solution, today announced that it has been named a top workplace in the U.S. by Energage, a leading provider of technology-based employee engagement tools. Winners are selected based on an anonymous third-party employee survey that measures several aspects of workplace culture, including alignment, execution, and connection.  

“Culture is something we take very seriously at NetSPI. To be recognized by Energage for a third consecutive year is a true testament to our people and their dedication not only to innovation and customers, but our workplace overall,” said Aaron Shilts, CEO of NetSPI. “Organizations are challenged to do more with less, especially when it comes to cybersecurity – creating an increased need for technology that is proactive, efficient, and effective. Our team quickly rose to the occasion, helping NetSPI customers identify more than 17,000 critical issues in the last year alone, while bolstering their overall security posture.” 

This recognition comes on the heels of NetSPI achieving 42% organic growth and increasing its internal headcount by 26% in 2023. Prompted by continuous hiring and the need for an office that fosters collaboration and innovation, NetSPI also moved its headquarters to The Steelman Exchange building in North Loop, Minneapolis.  

“Culture is vital to long-term success, and what we’ve built over the last few years is worth celebrating,” said Heather Crosley, Vice President of People Operations at NetSPI. “As we scale, our employees continue to see value in our organization’s execution and ability to openly share their creative ideas in a collaborative, inclusive environment.” 

Top Workplaces USA celebrates organizations with 150 or more employees that have built great cultures. While more than 42,000 organizations were invited to participate, only 1,100 organizations have been honored with the award this year. 

For more information about NetSPI, please visit www.netspi.com.

About NetSPI 

NetSPI is the proactive security solution used to discover, prioritize, and remediate security vulnerabilities of the highest importance, so businesses can protect what matters most to them. Leveraging a unique combination of advanced technology, intelligent process, and dedicated consultants, NetSPI helps security teams take a proactive approach to cybersecurity with more clarity, speed, and scale than ever before. 

NetSPI goes beyond the noise to deliver high impact results and recommendations based on business needs, so customers can protect their priorities, perform better, and innovate with confidence. 

NetSPI secures the most trusted brands on Earth, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500.  

NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. Follow NetSPI on Facebook, X, and LinkedIn

About Energage

Making the world a better place to work together.TM 

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 14 years of culture research and the results from 23 million employees surveyed across more than 70, 000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance,Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit Energage or Workplaces. 

NetSPI Media Contacts: 

Tori Norris, NetSPI
victoria.norris@netspi.com
(630) 258-0277 

Jessica Bettencourt, Inkhouse for NetSPI 
netspi@inkhouse.com  
(774) 451-5142 

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NetSPI Named a Leader in 2024 GigaOm Radar Report for Attack Surface Management  https://www.netspi.com/news/press-release/2024-gigaom-radar-report-attack-surface-management/ Wed, 13 Mar 2024 13:00:00 +0000 https://www.netspi.com/?p=32107 Discover why NetSPI has been acknowledged as a Leader and Fast Mover in the 2024 GigaOm Radar Report for ASM. Schedule a demo to see NetSPI’s exceptional capabilities in asset discovery and vulnerability assessment in action!

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GigaOm recognizes NetSPI’s ASM solution for its exceptional capabilities in asset discovery and vulnerability assessment.

Minneapolis, MinnesotaMarch 13, 2024NetSPI, the proactive security solution, announced it has been named a Leader and Fast Mover in the 2024 GigaOm Radar Report for Attack Surface Management (ASM). NetSPI’s ASM solution received exceptional ratings for its asset discovery, vulnerability assessment, and ability to offer granular findings and comprehensive results that go above and beyond for its customers. 

The digital landscape is continuously evolving resulting in a rapidly expanding attack surface. It has never been more critical for businesses to have visibility into their exposures, making ASM solutions necessary to mitigate risks and proactively improve security posture. The GigaOm report examines 22 of the top ASM vendors and compares their offerings against capabilities (table stakes, key features, and emerging features) and non-functional requirements (business criteria) to help decision-makers determine the solutions that best meet their needs.

“As the attack surface continues to expand, our ability to discover, prioritize, and remediate security vulnerabilities and exposures of the highest importance allows our customers to protect what matters most to them and their customers,” said Vinay Anand, Chief Product Officer at NetSPI. “GigaOm’s recognition of NetSPI as a Leader in this year’s ASM Radar Report validates our proactive approach to cybersecurity and further supports our commitment to developing solutions that are powered by innovative technology and triaged by our security experts.” 

The report states, “NetSPI stands out for its sophisticated approach to asset discovery and vulnerability assessment” and reinforces its “commitment to innovation with its comprehensive and sophisticated approach to ASM.” Additionally, NetSPI’s unique blend of technology and its security experts were highlighted as a key advantage in accurate risk assessment. The analysts write, “The platform’s active assessment of vulnerabilities is bolstered by powerful automations, complemented by the human creativity of consultants, resulting in a nuanced identification of true risk.” 

Learn more about NetSPI’s ranking in the GigaOm Radar Report here, or schedule a demo to see NetSPI ASM in action today. 

About NetSPI

NetSPI is the proactive security solution used to discover, prioritize, and remediate security vulnerabilities of the highest importance, so businesses can protect what matters most to them. Leveraging a unique combination of advanced technology, intelligent process, and dedicated consultants, NetSPI helps security teams take a proactive approach to cybersecurity with more clarity, speed, and scale than ever before. 

NetSPI goes beyond the noise to deliver high impact results and recommendations based on business needs, so customers can protect their priorities, perform better, and innovate with confidence. In other words, NetSPI goes beyond for its customers, so they can go beyond for theirs. 

NetSPI secures the most trusted brands on Earth, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500.  

NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. Follow NetSPI on Facebook, X, and LinkedIn.

Media Contacts:  
Tori Norris, NetSPI 
victoria.norris@netspi.com 
(630) 258-0277 

Jessica Bettencourt, Inkhouse for NetSPI 
netspi@inkhouse.com 
(774) 451-5142 

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NetSPI Hires EVP of Global Sales to Support Demand for its Proactive Security Solutions https://www.netspi.com/news/press-release/jim-pickering/ Wed, 14 Feb 2024 16:00:00 +0000 https://www.netspi.com/?p=31876 As EVP of Global Sales, Jim Pickering will bring his experience leading high-growth cybersecurity companies to lead, grow, and develop NetSPI’s sales team.

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Jim Pickering brings decades of experience leading cybersecurity companies through high-growth milestones to grow and develop NetSPI’s sales team.

Minneapolis, MN – February 14, 2024 – NetSPI, the proactive security solution, today welcomes Jim Pickering as EVP of Global Sales to further scale its sales team and accelerate the company’s product growth. NetSPI saw exponential growth in product sales in 2023 and is well poised to exceed its strategic growth goals moving forward. 

Jim has decades of experience building and leading enterprise sales teams in the cybersecurity industry. As a global business leader, he has earned an impressive track record for leading several companies through acquisitions, IPO, and funding rounds, including Swimlane, Infoblox, Fortinet, Netscreen/Juniper, Verisign, and Savvis. At these companies, Jim catapulted ARR and achieved double- and triple-digit annual revenue growth. 

“NetSPI exists to secure the most trusted brands on Earth. With Jim spearheading go-to-market efforts, we have an opportunity to make an even greater impact by delivering our proven proactive security solutions to more organizations across the globe.” shared Alex Jones, Chief Revenue Officer at NetSPI. “Jim has already embraced our customer-first mindset, and we cannot wait to see the impact he will make on our sales team.” 

“NetSPI is an absolute unicorn. The fact that the team was able to grow revenue 42% and win over 400 new logos in 2023’s down economy is beyond impressive,” said Jim. “But what truly compelled me to join NetSPI is the strong culture and its commitment to deliver real solutions to real problems in the industry. Proactive security products that help defend today’s enterprises are paramount for the future.” 

Connect with Jim on LinkedIn. Learn more about NetSPI’s achievements and momentum in its latest press release, NetSPI Achieves 42% Growth in 2023, Increasing Efficiency and Effectiveness of Customer Security Programs.  

About NetSPI 

NetSPI is the proactive security solution used to identify, protect, detect, and respond to security vulnerabilities of the highest importance, so businesses can protect what matters most. Leveraging a unique combination of advanced technology, intelligent process, and dedicated security experts, NetSPI helps security teams take a proactive approach to cybersecurity with more clarity, speed, and scale than ever before.  

NetSPI goes beyond the noise to deliver high impact results and recommendations based on business needs, so customers can protect their priorities, perform better, and innovate with confidence. In other words, NetSPI goes beyond for its customers, so they can go beyond for theirs.  

NetSPI secures the most trusted brands on Earth, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500.   

NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. Follow NetSPI on LinkedIn and X.

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NetSPI Achieves 42% Growth in 2023,  Increasing Efficiency and Effectiveness of Customer Security Programs https://www.netspi.com/news/press-release/netspi-achieves-growth-2023/ Wed, 31 Jan 2024 14:00:00 +0000 https://www.netspi.com/?p=31829 NetSPI celebrates 42% growth in 2023 allowing customer to innovate with confidence by bringing efficiency and efficacy to their security programs.

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Proactive security leader continues discovering and prioritizing security vulnerabilities of the highest importance to its customers, allowing them to innovate with confidence.

Minneapolis, MN – January 31, 2024 NetSPI, the proactive security solution, today announced another monumental fiscal year, achieving 42% year-over-year growth in 2023. This growth is attributed to the company’s unique ability to integrate its advanced technology, intelligent processes, and dedicated consultants, which together, contextualize the security vulnerabilities that matter most to customers. Powered by these capabilities, NetSPI identified 8,500 vulnerable entry points and more than 17,000 critical issues for its customers in 2023 alone. 

Through continued innovation and dedication to its customers, NetSPI added more than 400 new logos to its roster in 2023, a more than 30% year-over-year increase. The company also increased its internal team by 26%, which included strategically expanding in the Europe, the Middle East, and Africa (EMEA) market. 

“In today’s turbulent market, organizations are being asked to do more with less, and as a result, cybersecurity is often sacrificed. But it doesn’t have to be this way,” said Aaron Shilts, CEO of NetSPI. “Through our proactive security solutions, we’re delivering greater operational efficiency and security program effectiveness to our customers, prioritizing the vulnerabilities that truly impact the business and scaling alongside them. This allows our customers to innovate with confidence and protect the trust they’ve built with their customers.” 

Throughout the year, NetSPI unveiled strategic partnerships and innovations that further cemented the company as a leader in proactive security. Notable milestones include: 

Introducing a First-of-its-Kind AI/ML Penetration Testing Offering 

As artificial intelligence (AI) became more ingrained in business operations over the past year, NetSPI listened to customer needs and launched a first-of-its-kind AI/ML Pentesting solution. It focuses on two core components: Identifying, analyzing, and remediating vulnerabilities on machine learning (ML) systems such as Large Language Models (LLMs), and providing advice and real-world guidance to ensure security is considered from ideation to implementation.  

Launching a Cyber Protection Partnership with Chubb 

NetSPI strategically partnered with Chubb, a leading publicly traded property and casualty insurance company, to strengthen customer cyber-risk profiles via advanced attack surface management and penetration testing solutions. The collaboration provides Chubb customers with peace of mind, enabling them to identify vulnerabilities, security issues, and exposure to risk before it escalates into a claim. 

Embracing the Power of BAS and ASM 

NetSPI’s Breach and Attack Simulation (BAS) and Attack Surface Management (ASM) experienced significant momentum in 2023, with increased customer adoption and continuous development of both solutions. By leveraging insights based on intelligence gathered from thousands of pentests, combined with the company’s deep-rooted understanding of tactics, techniques and procedures (TTPs) used in the wild, NetSPI BAS and ASM are continuously updated, complimenting PTaaS to ensure full proactive security coverage.  

In 2023, the BAS platform was recognized as the “Breach and Attack Simulation Solution of the Year” by the Cybersecurity Breakthrough Awards and as the “Cutting Edge Breach & Attack Simulation” by Cyber Defense Magazine’s Top InfoSec Innovators Awards. These recognitions further prove the value of in-depth detective control validation, as well as the impact continuous testing can have on organization and the industry overall. 

Scaling the NetSPI Partner Program to New Heights 

In 2023, NetSPI achieved a 31% year-over-year increase in partner-sourced revenue and more than doubled the number of partners in its program. To meet the increased interest and nurture existing relationships, NetSPI has added four new channel experts to help lead the Partner Program, including Steve Baral, Vice President of Strategic Alliances and MSSP.  

Moving to New HQ to Accommodate Growth 

Prompted by increasing employee headcount and the need for a more collaborative workplace as the company continues to experience rapid adoption, NetSPI moved its headquarters to the Steelman Exchange building in North Loop, Minneapolis. The larger, dynamic space will support NetSPI’s growth as it enters a momentous year. 

For more information about NetSPI’s proactive security solutions, visit www.netspi.com.   

About NetSPI 

NetSPI is the proactive security solution used to discover, prioritize, and remediate security vulnerabilities of the highest importance, so businesses can protect what matters most to them. Leveraging a unique combination of advanced technology, intelligent process, and dedicated consultants, NetSPI helps security teams take a proactive approach to cybersecurity with more clarity, speed, and scale than ever before. 

NetSPI goes beyond the noise to deliver high impact results and recommendations based on business needs, so customers can protect their priorities, perform better, and innovate with confidence. In other words, NetSPI goes beyond for its customers, so they can go beyond for theirs. 

NetSPI secures the most trusted brands on Earth, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500.  

NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. Follow NetSPI on Facebook, X, and LinkedIn.  

NetSPI Media Contacts:
Tori Norris, NetSPI
victoria.norris@netspi.com
(630) 258-0277

Jessica Bettencourt, Inkhouse for NetSPI
netspi@inkhouse.com
(774) 451-5142

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NetSPI Celebrates Momentous Year for its Partner Program, Achieves 30% Growth in 2023  https://www.netspi.com/news/press-release/partner-program-growth-2023/ Thu, 21 Dec 2023 15:09:27 +0000 https://www.netspi.com/?p=31650 NetSPI celebrates a year of achievements and growth with their partner community

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NetSPI’s Partner Program heads into 2024 poised for another record-breaking year.

Minneapolis, MN – December 21, 2023NetSPI, the global leader in proactive security, today celebrates the achievements of its Partner Program in 2023, which experienced double-digit growth. This year, the company achieved a 30 percent year-over-year increase in partner-sourced revenue and doubled the number of opportunities. New partners have also more than doubled in 2023, with over 70 percent of NetSPI’s active partners having joined since the launch of the new Partner Program. In 2023 NetSPI gained 86 new partners, including Optum, Defy Security, and BMC. 

To fulfill the interest and momentum and nurture existing relationships, the internal partner team at NetSPI added four new team members, including Steve Baral, VP of Strategic Alliances and MSSP. Partner co-marketing and thought leadership opportunities have also increased significantly, with more than 5x joint or partner-facing activity over the past 12 months. Activity included events in US and EMEA, Webinars, Blog collaborations, and Podcasts.  

As 2023 draws to a close, NetSPI reflects on the strategic collaborations and synergies that have propelled its Partner Program to new heights. It is an exciting time to partner with NetSPI, as the program is positioned for another record-breaking year ahead. 

Empowering More Partners 

To continue this growth, the partner team at NetSPI is focused on empowering more partners in 2024. Lauren Gimmillaro, VP of Business Development and Strategic Alliances, is preparing to launch a new partner portal in January that will represent NetSPI’s deepening commitment to a partner-centric business model, providing growth opportunities for partners of all sizes, worldwide.  

“The performance we’ve seen from our partner community this year has been encouraging,” said Lauren. “It represents an opportunity for scale as we move into a more automated deal registration process for our partners, more on-demand enablement, and customizable resources for more strategic outreach.”  

The NetSPI Partner Program is also expanding to support more partner types, including MSSPs and Cyber Insurance Partners. “We recently announced a partnership with Chubb, one of the leading publicly traded property and casualty insurance companies,” Steve Baral, VP Strategic Alliances & MSSP, shared. “Through this partnership, Chubb customers gain access to NetSPI’s proactive security solutions, including complimentary access to our Attack Surface Management (ASM) platform.” This ASM offer is part of Chubb’s Cyber Services Program, designed to enable Chubb’s customers to proactively strengthen their security posture and mitigate risk of a claim. To read more about the partnership with Chubb, please visit https://www.netspi.com/news/press-release/chubb-cyber-insurance-partnership/.  

Celebrating Partner of the Year Awards 

In addition to its growth achievement, NetSPI today announced its Partner of the Year Award recipients. The awards recognize the invaluable contributions of the company’s growing partner network. Honorees include, CompuNet as US Partner of the Year, Softcat as EMEA Partner of the Year, Enduir as New Partner of the Year, and ReliaQuest as Tech Partner of the Year. To read the full Partner of the Year announcement, please visit https://www.netspi.com/blog/executive/partners/partner-awards-2023

To learn more about the NetSPI Partner Program, or inquire about becoming a partner, visit https://www.netspi.com/partners/.

About NetSPI

NetSPI is the global leader in proactive security, delivering the most comprehensive suite of penetration testing, attack surface management, and breach and attack simulation solutions. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. Its global cybersecurity experts secure the world’s most prominent organizations, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500. NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India.

Media Contacts: 
Tori Norris, NetSPI 
victoria.norris@netspi.com
(630) 258-0277  

Jessica Bettencourt, Inkhouse for NetSPI 
netspi@inkhouse.com
(774) 451-5142

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Chubb and NetSPI Launch Cyber Protection Partnership https://www.netspi.com/news/press-release/chubb-cyber-insurance-partnership/ Tue, 05 Dec 2023 13:30:00 +0000 https://www.netspi.com/?p=31567 Chubb has announced an innovative collaboration with NetSPI to strengthen clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions.

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Chubb leverages NetSPI’s technology to help policyholders go on the offensive against cyber threats.

WHITEHOUSE STATION, N.J. – December 5, 2023 – Chubb, the world’s largest publicly traded property & casualty insurance company, has announced an innovative collaboration with NetSPI, a global leader in proactive security, to strengthen clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions.  

Chubb policyholders in the U.S. and Canada can take advantage of NetSPI’s full portfolio of proactive security solutions, including Breach and Attack Simulation (BAS), Attack Surface Management (ASM), as well as a suite of comprehensive penetration testing offerings, at preferred pricing, subject to applicable insurance laws.  NetSPI’s suite of solutions can be tailored to support any size business across all industries. 

“This collaboration with NetSPI provides clients with peace of mind, enabling them to identify vulnerabilities, security issues, and exposure to risk before it escalates into a claim,” said Craig Guiliano, Vice President of Cybersecurity Threat Intelligence at Chubb. “This value-added solution is part of Chubb’s efforts to proactively identify cyber exposures that are difficult to detect using common scanning tools and to more broadly strengthen our policyholders’ security posture.” 

“We’re thrilled to empower Chubb clients to proactively confront cyber threats,” said Aaron Shilts, President and CEO of NetSPI. “Too often we see companies forced to react after incurring losses from cyberattacks that can severely impact their finances and reputation. Chubb understands the value of ensuring clients enhance their security apparatus and minimize their susceptibility to risk.” 

An advantage to the Chubb policyholder stemming from this partnership is the access to NetSPI’s industry-leading proactive security technology and expertise allowing Chubb policyholders to keep pace with an ever-evolving risk environment. 

As part of this collaboration, select Chubb clients are eligible to access NetSPI’s Attack Surface Management (ASM) platform at no cost. This solution continuously evaluates client attack surfaces for exposures and vulnerabilities. It utilizes its penetration testing expertise to decrease the probability and impact of a costly cyberattack, provide actionable insights for attack surface reduction, and decrease false positives to help teams prioritize remediation.  

Chubb offers insurance coverage for data breaches, network security, and other cyber risks, for over 20 years. With these new policyholder offerings, Chubb Cyber Insurance further provides more value-added benefits at a time when organizations are playing defense against the threats of data breaches, business interruption and reputational risk following a cyber incident. 

Chubb policyholders interested in learning more about NetSPI’s offerings and rates can submit a request via Chubb Cyber Services page here. For further information about Chubb Cyber Insurance, please visit here.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

About NetSPI

NetSPI is the global leader in proactive security, delivering the most comprehensive suite of penetration testing, attack surface management, and breach and attack simulation solutions. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. Its global cybersecurity experts secure the world’s most prominent organizations, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500. NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India.

Media Contacts: 
Ben Tanner, Chubb
ben.tanner@chubb.com
(212) 827-4454

Tori Norris, NetSPI 
victoria.norris@netspi.com
(630) 258-0277  

Jessica Bettencourt, Inkhouse for NetSPI 
netspi@inkhouse.com
(774) 451-5142

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NetSPI Enhances Social Engineering Penetration Testing Solutions During Cybersecurity Awareness Month https://www.netspi.com/news/press-release/social-engineering-pentesting-updates/ Thu, 19 Oct 2023 14:00:00 +0000 https://www.netspi.com/?p=31292 Read how NetSPI’s enhanced social engineering penetration testing can help organizations better protect themselves against the sophisticated techniques behind modern-day phishing attacks.

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Latest updates from offensive security leader address how organizations can better protect themselves against the sophisticated techniques behind modern-day phishing attacks.

Minneapolis, MN – October 19, 2023NetSPI, the global leader in offensive security, today announced enhancements to its social engineering penetration testing solutions to help organizations build resilience to modern-day phishing attacks. The updates bring a customized, contextual approach to social engineering testing and go beyond basic phishing campaigns to simulate advanced techniques such as device code and OAuth application phishing and capturing multi-factor authentication tokens. 

NetSPI has identified opportunities to update its processes and tooling to create efficiencies, cost savings, and scalability. The phishing tests follow NetSPI’s platform driven, human delivered methodology, leveraging a combination of technology and manual testing to customize engagements and more accurately simulate adversaries based on business context. All tests are managed and delivered in NetSPI’s Pentesting as a Service (PTaaS) platform, to provide a streamlined program management experience. 

Social engineering remains one of the top ways adversaries gain access to environments and sensitive information. Phishing attempts are becoming more sophisticated and less recognizable. The use of emerging technologies such as artificial intelligence (AI) has redefined and reimagined traditional phishing attacks, creating widespread impact. 

“Phishing remains a persistent threat to any organization. It is imperative for organizations to continuously evaluate their resiliency to phishing as adversaries continue to evolve and develop new, advanced techniques,” says Patrick Sayler, Director of Social Engineering at NetSPI. “To better reflect the challenges our clients are facing today, we’ve updated our social engineering testing capabilities to deploy modern, advanced techniques that more accurately evaluate an organization’s defense against these attacks at a larger scale.” 

In tandem with the increased risk and sophistication, this news comes during Cybersecurity Awareness Month, which is led by the National Cybersecurity Alliance and the Cybersecurity and Infrastructure Agency (CISA). NetSPI has signed on to be a Champion of the initiative which brings organizations together to promote cybersecurity awareness and best practices for data protection.  

This year, the organizations are bringing awareness to four critical steps to stay safe online, one of which is to “recognize and report phishing.” NetSPI’s enhancements align with their mission and aim to not only help organizations evaluate their security awareness programs and policies, but also demonstrate the potential impact of a successful phish and provide clear, actionable recommendations for program improvement. 

To learn more about NetSPI’s social engineering penetration testing solutions, visit: https://www.netspi.com/security-testing/social-engineering

About NetSPI

NetSPI is the global leader in offensive security, delivering the most comprehensive suite of penetration testing, attack surface management, and breach and attack simulation solutions. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. Its global cybersecurity experts are committed to securing the world’s most prominent organizations, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500. NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. 

Media Contacts: 
Tori Norris, NetSPI 
victoria.norris@netspi.com
(630) 258-0277  

Jessica Bettencourt, Inkhouse for NetSPI 
netspi@inkhouse.com
(774) 451-5142

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Niloo Razi Howe Joins NetSPI Board of Directors https://www.netspi.com/news/press-release/niloo-razi-howe/ Thu, 28 Sep 2023 13:00:00 +0000 https://www.netspi.com/?p=31144 Learn how Niloo will leverage her experience leading corporate and product strategies across the cybersecurity industry to support NetSPI’s future growth.

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Niloo will leverage her experience leading corporate and product strategies across the cybersecurity industry to support NetSPI’s future growth.

Minneapolis, MN – September 27, 2023 – NetSPI, the global leader in offensive security, today announced the appointment of Niloo Razi Howe to its Board of Directors. Niloo brings an incredible track record of supporting companies equipped for major market disruption and will support NetSPI at a pivotal moment as the company revamps its product strategy. 

“The attack surface is expanding as new technologies are implemented at a breakneck pace. If you’re not continuously validating your security posture, you’re leaving your business wide open to evolving threats,” shared Niloo. “Having an offensive, adversarial mindset is critical to figuring out how to secure your business and build resiliency. I’m thrilled to support the NetSPI team as they continue to build solutions to these real, table stakes issues and help organizations get proactive with their security.” 

Niloo has been an investor, executive and entrepreneur in the technology industry for the past 25 years, with a focus on cybersecurity for the past 15. She currently serves on the Board of Directors of Pondurance, Tenable, Composecure, Recorded Future, Swimlane, among other notable cybersecurity companies. Prior to these appointments, Niloo was the Chief Strategy Officer for global cybersecurity companies RSA and Endgame where she led corporate strategy, development, and planning. Niloo also serves on several US government advisory boards including the Cybersecurity Infrastructure Security Agency’s (CISA) Advisory Council. 

“Niloo’s experience advising and leading high-growth, innovative cybersecurity companies is unmatched,” said Aaron Shilts, CEO at NetSPI. “She is exceptional at looking to the future and determining how organizations must adapt and evolve to succeed – and we couldn’t be more excited to have her join NetSPI during this period of evolution and disruption in offensive security.” 

This appointment follows consecutive years of high growth for NetSPI. In 2022, the offensive security company achieved 58 percent organic revenue growth, driven by continuous adoption of its Penetration Testing as a Service (PTaaS), Attack Surface Management (ASM), and Breach and Attack Simulation (BAS) platforms. Niloo will be instrumental in advising NetSPI’s product roadmap and vision.  

Learn more about NetSPI, its leadership team, and Board of Directors at https://www.netspi.com/about-us/.  

About NetSPI 

NetSPI is the global leader in offensive security, delivering the most comprehensive suite of penetration testing, attack surface management, and breach and attack simulation solutions. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. Its global cybersecurity experts are committed to securing the world’s most prominent organizations, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500. NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. 

Media Contacts:
Tori Norris, NetSPI
victoria.norris@netspi.com
(630) 258-0277

Jessica Bettencourt, Inkhouse for NetSPI
netspi@inkhouse.com
(774) 451-5142

The post Niloo Razi Howe Joins NetSPI Board of Directors appeared first on NetSPI.

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NetSPI Moves to New Minneapolis Headquarters to Accommodate Growth https://www.netspi.com/news/press-release/new-netspi-headquarters/ Tue, 29 Aug 2023 12:00:00 +0000 https://www.netspi.com/?p=30884 Read about NetSPI’s move to a new Minneapolis headquarters to accommodate continued growth and innovation in the offensive security industry.

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The new, collaborative office space signals accelerated innovation and growth for the offensive security company.

Minneapolis, MN – August 29, 2023NetSPI, the global leader in offensive security, today announced its new headquarters location in the Steelman Exchange building in Minneapolis, Minnesota. The decision to move was prompted by the increasing employee headcount and the need for a more collaborative workplace as the company continues to experience rapid adoption. In 2023 to date, NetSPI has hired 150+ employees, completed 2,733 offensive security assessments, and welcomed 238 new customers. 

“The Steelman Exchange is the perfect fit for our team as we enter a momentous and pivotal year for NetSPI,” shared Aaron Shilts, CEO at NetSPI. “This investment in our workplace will nurture our continued growth, promote collaboration and innovation in offensive security, and ensure we maintain the unique culture that makes NetSPI so special.” 

There are several initiatives driving the offensive security company’s growth in 2023, including: 

  • Emphasis on defining NetSPI’s offensive security product roadmap and vision, driven by continuous adoption of the company’s Penetration Testing as a Service (PTaaS), Attack Surface Management (ASM), and Breach and Attack Simulation (BAS) platforms. 
  • Numerous innovations from the NetSPI Labs research and development team, including the launch of the Software as a Service (SaaS) Security Assessment and AI/ML Penetration Testing solutions. Along with ongoing industry research and responsible disclosures, including two Azure vulnerability disclosures from the NetSPI cloud penetration testing team. 
  • Recognition for its Attack Surface Management (ASM) solution by Gartner, Forrester, and the Global Infosec Awards. 
  • Expansion of the EMEA pentesting team and formalization of CREST and CHECK accreditations to perform mandated pentests in the region. 
  • Strategic leadership and Board of Directors appointments, including Vinay Anand as Chief Product Officer, Jay Golonka as Chief Financial Officer, Nick Walker as Director of EMEA, and Scott Lundgren and John Spiliotis as members of the Board of Directors. 
  • Exponential NetSPI Partner Program growth, with the introduction of 29 new partnerships in 2023 to date, including BMC Software, Optum, and Chubb. 
  • The release of NetSPI’s inaugural Offensive Security Vision Report, with valuable insights on the top vulnerabilities by attack surface, the state of remediation, and cybersecurity hiring trends. 
  • The acquisition of nVisium which continues to support scalability and delivery of its offensive security solutions.

NetSPI has been honored as a Top Workplaces USA winner for the past two years and as one of the best places to work in the state of Minnesota for three consecutive years. This year, the company ranked #12 on the midsize companies list, with special recognition for its innovation, employee appreciation, work-life flexibility, compensation and benefits, leadership, and purpose and values. 

“We will continue to prioritize flexible and remote work options as a company,” explained Heather Crosley, VP of People Operations. “At the same time, we recognize that an intentional space to connect in-person can make an incredible impact on our ability to collaborate, innovate, and deliver the best offensive security solutions globally. And that’s exactly what this new space is designed to do.” 

The move will take place in January 2024 and NetSPI will remain at its current headquarters at 800 N Washington Ave #670 in Minneapolis until then.  

Michael Anderstrom at Colliers represented NetSPI in the transaction.  

Visit www.netspi.com/careers to explore open roles in Minneapolis and its other US, India, Canada, and UK locations.

About NetSPI

NetSPI is the global leader in offensive security, delivering the most comprehensive suite of penetration testing, attack surface management, and breach and attack simulation solutions. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. Its global cybersecurity experts are committed to securing the world’s most prominent organizations, including nine of the top 10 U.S. banks, four of the top five leading cloud providers, four of the five largest healthcare companies, three FAANG companies, seven of the top 10 U.S. retailers & e-commerce companies, and many of the Fortune 500. NetSPI is headquartered in Minneapolis, MN, with offices across the U.S., Canada, the UK, and India. 

Media Contacts:
Tori Norris, NetSPI
victoria.norris@netspi.com
(630) 258-0277

Jessica Bettencourt, Inkhouse for NetSPI
netspi@inkhouse.com
(774) 451-5142

The post NetSPI Moves to New Minneapolis Headquarters to Accommodate Growth appeared first on NetSPI.

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