For National Preparedness Month in September, Keeper Security, a leading provider of zero-trust and zero-knowledge cybersecurity software, urges businesses to prepare for the rising tide of cyber threats by prioritizing fundamental cybersecurity practices. With more sensitive data being stored online, the risk of breaches and exploitation is at an all-time high. In a recent survey conducted by Keeper Security, 82% of U.S. IT and security professionals reported a year-over-year increase in cyber attacks targeting their organizations. To defend against the most common cyber threats, as well as emerging threat vectors, fundamental, yet often neglected, cybersecurity best practices must be prioritized.

A recent report from the Identity Theft Resource Center reveals there were 1,571 data compromises in the U.S., just in the first half of 2024. Strengthening data security processes is a crucial step to mitigate organizational risk in today’s evolving threat landscape. Key practices such as implementing robust data encryption, regularly updating and patching systems, and implementing strong access controls can help protect sensitive information from unauthorized access.

Keeper advises organizations of all sizes to implement the following fundamental protections:

• Establish regular employee training on cybersecurity best practices and phishing awareness.
• Implement strong access controls and conduct regular security audits to mitigate the risk of insider threats.
• Strengthen account protection by adopting a password management solution and enforcing the use of MFA.

Conduct Regular Cybersecurity Training for Employees

Just as preparedness is key to mitigating the risk and potential damage associated with natural disasters, it’s also essential in cybersecurity. Regular employee training and education on cybersecurity best practices are crucial for protecting an organization from evolving cyber threats. Verizon’s 2024 Data Breach Investigations Report reveals 68% of breaches involved a non-malicious human element, such as a person falling victim to a social engineering attack or making an error. This can lead to devastating consequences.

A significant majority of respondents to Keeper’s recent survey – 67% – identified phishing as one of the most common cyber threats facing their organizations, with more than half (53%) reporting a significant increase in the frequency of these attacks. The human element is often the most vulnerable link in the attack chain, underscoring the criticality of educating users and conducting phishing simulations to enhance overall security awareness.

By training employees to recognize and respond to simulated phishing attacks, organizations can effectively prepare their frontline defenders to question unexpected notifications, report suspicious activity promptly and foster a culture of vigilance – ultimately strengthening their cybersecurity posture.

Beware of Insider Threats, Both Malicious and Unintentional

Preparedness extends to understanding and mitigating insider threats, whether malicious or unintentional, which pose significant risks to organizations. Keeper’s survey found that 28% of respondents experienced a cyber attack originating from an employee. To mitigate these risks, organizations should implement strong access controls and offboarding processes, provide comprehensive employee training and conduct regular security audits. Deploying a Privileged Access Management (PAM) solution can further enhance security by centralizing and controlling access to sensitive systems and data, reducing the risk of unauthorized access and data breaches.

Implement Processes and Technologies To Prevent and Thwart Attacks

In a world where data breaches have become increasingly common, preparedness is essential. Creating strong, unique passwords for each account remains a critical first line of defense against unauthorized access, yet many organizations and individuals fail to follow password best practices. Keeper’s survey found that nearly 40% of respondents identified password reuse as their most common password-related error. A password manager creates and stores high-strength, random passwords for every website, application and system, helping prevent the domino effect in which the compromise of one account leads to further unauthorized access.

In addition, password managers can help avoid incidents of stolen passwords, which impact 43% of IT and security leaders. These tools also support strong forms of Multi-Factor Authentication (MFA), such as an authenticator app, to add additional layers of protection to accounts, making unauthorized access significantly more difficult. When selecting a password manager, it’s important to prioritize providers that offer transparent security architecture, zero-knowledge and zero-trust infrastructure, and certifications like SOC 2, ISO 27001, 27017 and 27018, as well as FedRAMP Authorization, to ensure the highest level of protection.

“During National Preparedness Month, it’s vital for organizations to prioritize fundamental security best practices,” said Darren Guccione, CEO and Co-Founder of Keeper Security. “By being prepared with strong password management, enabling multi-factor authentication and staying vigilant against phishing scams, we can significantly reduce our vulnerability to cyber threats and protect our sensitive information.”

As National Preparedness Month highlights the importance of being ready for all types of emergencies, now is the time for organizations to assess their cybersecurity preparedness. By taking proactive measures and following fundamental cybersecurity practices, they can significantly reduce their vulnerability to cyber threats and protect valuable information.

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Business Transformation and IT Deployment risks necessitate more in-depth internal audit skillsets in cybersecurity, data analytics, IT audit, and Generative AI, which are the most challenging to train and retain. Consequently, 37% of organizations are planning to increase staff to meet the heightened demand for these technology skills – the first significant increase in internal audit departments planning to expand their teams since 2020.

“Technology and cybersecurity are more critical than ever as organizations navigate a rapidly evolving risk landscape,” said Tim Lietz, National Practice Leader for Risk & Compliance at Jefferson Wells. “Our survey highlights the urgent need for Internal Audit functions to adapt to advancements in AI and cybersecurity. To effectively address these challenges, Internal Audit departments must expand their capabilities and leverage external expertise for skill gaps.”  

Explore Jefferson Wells’ 2024 Internal Audit Priorities survey at: www.jeffersonwells.com/en/internal-audit-report-2024.

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FANUC, a global industrial automation leader, is set to unveil its latest lineup of robots, cobots, factory automation offerings and machining solutions, while introducing two new controller technologies at the International Manufacturing Technology Show (IMTS) 2024 in Chicago.

“Whether you’re a small shop or a high-volume producer, we have the automated manufacturing solutions to help you grow and sustain your business into the future,” says Mike Cicco, CEO, FANUC America. “At IMTS 2024, we’re excited to showcase two new controllers powering that evolution—the R-50iA Robot Controller and 500i-A CNC—both offering powerful performance, optimized efficiency and more security than ever before.”

Showcasing the company’s cutting-edge automation solutions, the FANUC America booth will include a wide range of collaborative robots, allowing manufacturers reimagined flexibility in shared workspaces. From collaborative machine tending and heavy payload handling robots, to arc and friction stir welding demonstrations, brand-new demonstrations will also be available—including several powered by the all-new R-50iA Controller—designed to maximize performance and ease of use while offering enhanced cyber security.

FANUC America will also introduce North American audiences to the FANUC Series 500i-A CNC. This new control series advances machining performance with its 5-axis integrated technology and faster processing speeds. The control’s new features are designed to support both machine tool builders and CNC users with their evolving needs for easier operations, more security and optimized efficiency.

On display in Booth #338919, IMTS attendees can view the following new technologies in action:

• Collaborative Robot Zone
  With an extensive line up of industrial collaborative robots that are helping to solve once-complicated issues inside plants and warehouses, FANUC America’s technologies are safe, flexible, quick to implement and easy to program. A diverse range of CRX cobots—offering payloads up to 50kg and reach up to 1,889mm—will be on display, including the world’s first explosion-proof paint cobot: the new CRX-10iA/L Paint. Hands-on demonstrations will allow attendees to experience the CRX-10iA/L Paint cobot’s smooth and easy path generation, and ease of setup, programming and use, even with little to no robotic experience in the painting, powder and/or gel coating with fiberglass reinforcement industries.
  
• Innovations in Materials Joining
  Debuting at IMTS, the new M-950iA/500 heavyweight robot features a wider range of motion, offering an impressive 500 kg payload capacity and 2,830 mm reach, showcased in a new friction stir welding demonstration featuring StirRob Friction Stir Welding Head by FPT Industrie.
  
  Also being shown for the first time in the U.S., the new M800/60-20B with High-Speed Laser Cutting, FANUC’s next-gen, high-accuracy industrial robot connected to a TRUFiber 4001 P and Lasermech FiberCUT STa to showcase high speed laser cutting. Cut holes are generated with Shape Gen software for easy single point teaching. Innovative welding applications, including arc and spot welding, will also be on display.
  
• New Controllers Deliver Powerful Performance
  Offering enhanced performance, optimized efficiency and more security, FANUC America debuts two new controllers in North America—the R-50iA robot controller and the 500i-A CNC advancing machine performance. Built on 50 years of automation expertise, both systems offer industry-leading ease of use and energy savings.
  
  The world’s* first robot controller to offer cyber security, the R-50iA is an intelligent and compact solution delivering higher precision for exceptional robot path control, built-in vision enhancements and third-party certification for international cyber security: IEC62443-4-1 and 4-2, offering multiple layers of defense to secure data exchange. The new R-50iA controller is available in three sizes including the R-50iA Mate, R-50iA A-Cabinet, and the R-50iA B-Cabinet. Additionally, the FANUC Series 500i-A CNC advances machine performance with 5-axis integrated technology and supports both machine tool builders and CNC users through easier operations, energy savings, and increased processing power. This higher performance helps deliver lower cycle times with faster speeds and improved productivity.

• High-Performing Machining Solutions
  FANUC’s Factory Automation demonstrations will show how our new CNC products are taking the machining world to the next level. Showcasing the new FANUC Series 500i-A CNC, FANUC’s “Ghost Machine” demo will display the cutting simulation of the FANUC Hero, a figure comprised of all FANUC products – CNCs, robots and ROBODRILLs. Each side will show a different POV simulation of the cutting. FANUC’s Smart Digital Twin will also be on display, demonstrating how our software is used to digitize and innovate the machining process.
  
• Vertical Machining Centers
  FANUC will unveil the latest addition to FANUC’s ROBODRILL vertical machining center (VMC) lineup, the new α-D28LiB5ADV Plus Y500. A series of demos will show how this new VMC offers more advantages to any production machine shop by featuring a larger table, shorter drilling and tapping cycles as well as an increased tool storage capacity coupled with faster tool changes.
  
• Connected Technologies
  FANUC’s IoT offerings, ZDT and MT-Linki, allow both robotics and machine tool users the ability to use advanced analytics to drive smarter, faster business decisions for industrial companies. We’ll be showing how these products connect all the FANUC equipment and the insights they provide in our own booth.

As a part of its commitment to transform the world through automation, FANUC recently announced the establishment of the $1 million FANUC Automation Endowed Scholarship Fund in collaboration with the SME Education Foundation. As the largest automation scholarship in SME Education Foundation history, this initiative will foster the next generation of skilled professionals in advanced manufacturing and automation.

“We’re excited to return to the IMTS Smartforce Student Summit this year and continue our work to advance the education of future automation technicians and engineers,” says Paul Aiello, Director of Education for FANUC America. “Our industry is facing critical labor challenges, but by helping to fund automation training and certification for students, we’re creating a win-win scenario for today’s students and employers.”

Learn more about FANUC at IMTS 2024.

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This 3 million USD project, running from July 2024 to December 2026, aims to drive the global expansion of South Korea’s leading cybersecurity companies. Genians, renowned for its expertise in NAC, ZTNA, and EDR, will spearhead the project by forming a consortium with SecuLayer (specializing in SIEM and SOAR), Tatum Security (experts in Cloud-native Application Protection Platform (CNAPP)), and Kangwon National University (noted for AI, Big Data, and Cybersecurity Compliance & Regulation research). Additionally, UAE-based cybersecurity firm RAS Infotech will collaborate on the project, with large government, healthcare, and financial institutions in the UAE, Saudi Arabia, and other Gulf countries.

The collaborative effort aims to develop a robust cybersecurity mesh and managed cybersecurity system tailored to the Middle Eastern market. Key objectives include leveraging NAC, ZTNA, and EDR solutions to establish a scalable and composable cybersecurity mesh. Initially, the integration will focus on SIEM, SOAR, and CNAPP, along with intelligence platforms that correlate devices, users, and applications, with threat data.

As the Gulf Cooperation Council (GCC) cybersecurity industry continues to expand – with Frost & Sullivan projecting its value to triple by 2030 to reach 13.4 billion USD – countries like the UAE and Saudi Arabia are investing heavily in digital transformation to reduce their dependence on oil exports.

“The comprehensive economic partnership agreement (CEPA) between the UAE and South Korea has unlocked numerous business opportunities across various sectors. Additionally, Saudi Arabia’s $1.5 trillion NEOM project is poised to generate significant demand for next-gen cybersecurity solutions. This collaborative project will be a crucial part of that success,” said Genians CEO, Dong-Bum Lee.

“With over 3,000 customers across 28 countries and more than 40 customers in the Middle East, we are confident in leading this national project to solidify our position in the GCC countries. This marks a new milestone in addressing global cybersecurity challenges, and the success of this project will be replicated in other regions,” said Genians CTO, Kye-Yeon Kim.

RAS Infotech CEO, Akram Khazi, added, “This project’s tailored cybersecurity solutions will be a game changer in the Middle East and will position us as a leading global cybersecurity provider.”

This initiative is set to significantly enhance cybersecurity capabilities in the Middle East, paving the way for Genians and its partners to lead in the global market.

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SlashNext, the leader in next-gen AI cloud email and communications security, today announced the launch of its Executive Protection Service. This comprehensive solution offers 360-degree workspace protection across email, mobile/SMS, and web communication apps for highly targceted employees. Designed to safeguard organizations’ most critical members, the AI-native protection service blocks advanced phishing, social engineering, ransomware, fraud, and reputation scams in business and personal communication apps. Ideal for CXOs, executive officers, and other high-value targets, this offering delivers complete protection in minutes while providing 24/7/365 concierge help desk and SOC-as-a-service.

“AI-generated phishing and social engineering attacks targeting executives and high value employees has grown exponentially since the release of ChatGPT,” said Patrick Harr, CEO of SlashNext. “Our Executive Protection Service fights AI with AI and ensures organizations of any size can protect their most targeted individuals against advanced phishing, social engineering and cybercrime threats responsible for the vast majority of successful ransomware, financial fraud and data breaches.”

SlashNext’s Executive Protection Service offers unparalleled security for designated employees, including Board Directors, Executive Officers (e.g., Section 16 Officers defined in The Securities Exchange Act of 1934), Accounts Payable, HR, and other business leaders. The service provides complete protection against sophisticated attacks in:

• Email: Blocks executive impersonation attempts, account takeovers, supply chain attacks, business email compromise (BEC), and targeted spear-phishing campaigns designed to steal credentials and personal information or induce fraudulent wire transfers.
• Mobile Apps: Secures against SMS phishing (smishing) and mobile web phishing threats in text, WhatsApp, LinkedIn Messenger, Telegram, Outlook and more that highly-targeted individuals may encounter no matter their location. This service eliminates the risk of Executive Impersonation, Credential Phishing, Malware Exploits, Investment/Bitcoin/Financial Fraud, and more.
• Web-based Communication Apps: Blocks sophisticated phishing in browsers and collaboration platforms such as Teams, Slack, Zoom, SharePoint and others. Protects against emerging threats like Midnight Blizzard attacks and novel vectors targeting high-value individuals.

The Executive Protection Service integrates directly into corporate and personal email, messaging and communication apps used by executives and high value targets and is backed by a 100% guaranteed privacy policy ensuring that communication is strictly secure and private.

“With the launch of its Executive Protection Service, SlashNext is addressing a critical need in the cybersecurity landscape,” said Ken Buckler, Research Director, Security and Risk Management, at Enterprise Management Associates (EMA). “High-value employees are prime targets for cybercriminals, and this innovative solution offers them robust, multi-channel protection. Integrating email, mobile, and browser security as a service that is both simple and fast to deploy keeps organizations and their most valuable assets safe.”

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SnapLogic, the leader in generative integration, today announced that Spirent Communications plc (LSE:SPT), the leading provider of test and assurance solutions for next-generation devices and networks, is leveraging the SnapLogic Platform to put Generative AI to work, modernizing its platform and accelerating GenAI-powered transformation.

Spirent helps customers innovate faster and reduce costs by addressing the test, assurance, and automation challenges of emerging network, cloud and cybersecurity technologies. The company was looking for a solution to replace its two separate on-prem data and application integration solutions that were difficult to use and costly to maintain. They were also looking to accelerate GenAI-powered business processes. One of the first use cases was to transform a manual time intensive process that forced business intelligence and sales teams to spend several hours per day on manual go-to-market tasks. Spirent turned to SnapLogic to dramatically improve their integration efficiency and the pace of GenAI application development.

“Spirent is committed to helping employees and customers innovate faster by addressing the challenges of new and emerging technologies and required a modern integration tool to streamline our increasingly sprawling systems,” said Matt Bostrom, VP of Enterprise Technology, Spirent. “After comparing all available platforms on the market, SnapLogic proved to be the highest performing solution for data and application integration and GenAI application development eliminating the need for multiple tools, licenses, and vendors, ultimately reducing platform maintenance costs by 90%. With the ability to seamlessly build GenAI applications in-house using SnapLogic’s GenAI App Builder in just a matter of days, SnapLogic has been essential in automating processes, eliminating costly resources, streamlining business operations, and presenting the internal teams with relevant AI powered information within applications they are already familiar with.”

In just a few short months since the launch earlier this year, SnapLogic’s GenAI App Builder is seeing immediate traction in the market. It remains the first ever no-code, click-and-configure application development platform that enables customers to create LLM-powered applications and workflows in minutes. Spirent utilized GenAI App Builder to create an internal sales intelligence tool that delivered pre-synthesized, summarized customer and competitive information for sales and support teams, a process that previously took team members more than eight hours per week to complete manually. In the first ninety days after deployment, Spirent saw a 25% increase in business intelligence worker productivity and is expecting a 5% increase in Sales productivity.

“Despite the noise about GenAI not delivering value, Spirent and other leading companies are demonstrating that with the right use case and architecture, tremendous value can be unlocked,” said Jeremiah Stone, CTO of SnapLogic. “Spirent recognized the transformative power of GenAI for their business and had the courage to drive their vision into production, utilizing our best-in-class solutions to orchestrate AI technology to streamline their customer intelligence operations and deliver to its teams. This is just the tip of the iceberg.”

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RISCPoint Advisory Group, a leader in custom-tailored security and compliance services, today announced the launch of RADAR, an innovative all-in-one cybersecurity platform. Combining continuous threat discovery with expert-led Penetration Testing as a Service (PTaaS), RADAR represents a significant leap forward in proactive security and risk management.

Launched at Blackhat, during one of the cybersecurity industry’s most exciting weeks, RADAR has made an instant impact, leveraging artificial intelligence to provide real-time vulnerability detection across multiple attack surfaces. The platform offers continuous scanning and on-demand penetration testing by certified ethical hackers, ensuring comprehensive security assessments and compliance reporting.

“With the ever-evolving threat landscape and continued focus on return on investment, organizations need a proactive and intelligent approach to cybersecurity,” said Jake Nix, Founder and CEO of RISCPoint. “RADAR empowers security teams to stay ahead of emerging threats, streamline vulnerability management, and maintain robust compliance postures.”

Key features of RADAR include:

• AI-powered continuous threat discovery and alerting
• Expert-led, on-demand penetration testing
• Real-time vulnerability detection for cloud assets and environments
• AI-driven remediation pathways for faster issue resolution
• Comprehensive compliance reporting and management

RADAR is designed to benefit various stakeholders within an organization, from Governance, Risk, and Compliance (GRC) teams to Chief Information Security Officers (CISOs) and development teams. The platform’s intuitive interface and actionable insights enable faster, more effective security decision-making and vulnerability remediation pathways.

“RADAR provides continuous, comprehensive protection that complements our expert-led penetration testing services perfectly,” added Matt Wiese, VP of Product & Engineering at RISCPoint. “It extends the value of our pentests throughout the year, providing ongoing protection against evolving threats.”

The platform offers clients:

• Real-time threat detection and response
• Continuous compliance monitoring
• Protection against external threats like data leaks and phishing
• Streamlined security operations and development workflows
• AI-powered insights combined with expert human analysis
• Comprehensive attack surface management

By combining RADAR with traditional penetration testing services, RISCPoint is offering a holistic, year-round security solution that addresses the crucial gap between annual pentests. This approach ensures clients maintain a strong security posture every single day, setting RISCPoint apart in the competitive cybersecurity landscape.

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After the successful addition of SentinelOne to their portfolio in early 2024, Sherweb is now the first cloud solutions provider (CSP) to offer SentinelOne’s Purple AI to the MSP community.

As the threat landscape continues to evolve, so must the security solutions MSPs use to defend their clients’ environments. By leveraging generative AI, Purple AI enhances threat hunting, investigation, and response capabilities with the goal of accelerating incident response and improving overall security operations. With an intuitive interface and automated workflows, Purple AI makes it easy for MSPs of all sizes to leverage AI-driven insights.

“At Sherweb, we’re committed to providing MSPs with cutting-edge security solutions to meet the changing needs of their clients. Being first to market with SentinelOne’s Purple AI demonstrates that commitment and gives our partners access to a solution that allows them to protect clients more efficiently than ever,” said Benji Germain, Vice President, Product at Sherweb.

“With Purple AI, MSPs can use AI to combat skill shortages, uplevel their analysts and save time by translating natural language into complex threat hunting queries. This is essential for faster detection and response, reducing downtime and protecting critical assets,” continued Germain.

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Diligent, a leading GRC SaaS company, today announced the launch of its Network and Information Security Directive (NIS2) Compliance Toolkit, designed to help organizations navigate the complexities of the European Union (EU) NIS2 Directive and bolster their cybersecurity resilience. The toolkit maps cybersecurity risk management obligations mandated by NIS2 against Cyber Risk Management Group’s (CRMG) leading controls library, which is based on international standards and best practices. This helps organizations demonstrate a clear commitment to NIS2 compliance requirements to drive trust with customers, partners, and investors.

“Regulatory compliance has become increasingly complex, and only very large or highly regulated multinationals are coping effectively. We see a growing divide between organizations that are cyber resilient and those that are not,” said Keith Fenner, SVP and GM for EMEA at Diligent. “With the rise of supply chain due diligence and audits, organizations must elevate their risk management and compliance efforts. The NIS2 Compliance Toolkit from Diligent helps organizations of all sizes enhance their cyber resilience and demonstrate to customers, regulators and investors that they have the right practices in place to mitigate cyber risks.”

Powered by CRMG’s leading controls library, Diligent’s NIS2 Compliance Toolkit aligns mandated NIS2 cybersecurity measures with international standards, and provides tailored content to help organizations implement new boardroom accountability, mandatory cybersecurity measures, and incident reporting requirements. Results are presented in a user-friendly dashboard, enabling boards, executives, and practitioners to easily understand and demonstrate their compliance status.

Key features of the NIS2 Compliance Toolkit include:

• A leading controls library backed by CRMG’s deep cybersecurity expertise, mapped against the cybersecurity risk-management measures and obligations mandated by NIS2 for essential and important entities and their supply chains.
• A summary dashboard that is easy to digest for both internal and external stakeholders, making it simple to assess and demonstrate maturity levels and compliance. The dashboard is updated whenever control testing is conducted, meaning that continual improvement of an IT compliance program has never been easier.
• Integration with Diligent’s applications covering internal controls, enterprise, and third-party risk and compliance, through the Diligent One Platform.

Risk practitioners can also gain access to the Diligent One Platform, the only AI-driven unified solution to centralize GRC and board management activities, giving them a single source of truth for risk management and decision making, and to act decisively when a significant cybersecurity incident takes place.

“The cybersecurity regulatory landscape is evolving rapidly, making it challenging for companies to avoid incidents that can lead to financial loss, reputational damage, and regulatory penalties,” said Nick Frost, Co-founder & Chief Product Officer at CRMG. “Our interconnected world relies on a secure supply chain, yet many companies are exposed to risks due to less mature cybersecurity programs among their suppliers. This can lead to cascading cyber incidents. Partnering with Diligent, we aim to help teams understand and comply with NIS2 requirements, ensuring better risk management and assurance for stakeholders.”

The NIS2 Directive took effect in January 2023 and requires EU member states to incorporate its measures into national law by October 17, 2024. NIS2 mandates security risk-management measures for applicable organizations and their supply chains to protect network and information systems, aiming to increase collective cybersecurity resilience for 18 critical sectors across the European Union.

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 Bugcrowd, the leader in crowdsourced security, today announced the hiring of Braden Russell as Chief Product Officer. Russell joins Bugcrowd from Crowdstrike, where he was the Chief Technology Officer of the Falcon Platform and Next-Gen Security Information and Event Management (SIEM) solution. Russell also oversaw the vision and strategy for CrowdStrike’s first Security Cloud. This addition comes in the midst of significant momentum for Bugcrowd, including continued product innovations in pen testing and attack surface management.

“I am thrilled to join the Bugcrowd team at such an exciting time in the company’s growth,” said Braden Russell, Chief Product Officer, Bugcrowd. “Bugcrowd’s mission to harness the power of the global hacker community aligns perfectly with my passion for innovation and cybersecurity, and I’m eager to work alongside such a talented group of individuals as we continue to scale, innovate, and deliver cutting-edge security solutions that make a real impact. Together, we’ll push the boundaries of what’s possible in crowdsourced security and drive forward Bugcrowd’s vision for making the internet safer.”

Prior to CrowdStrike, Russell held leadership positions at Foundstone, McAfee, Intel Security, and Cylance. In his new role leading Bugcrowd’s fast growing product portfolio, Russell will assume responsibility for all R&D groups within the company, including Product, Engineering, Infrastructure, and Data Science, reporting directly to Chief Executive Officer Dave Gerry.

Russell is joining Bugcrowd as the company is experiencing a wave of product and channel momentum in the first half of 2024, beginning with its major $102 million funding round. Since then, over 130 new customers joined the Bugcrowd Platform, including Google, New Relic, OpenSea, KuCoin, bringing the total number of customers to over 1,200. The company also saw unprecedented growth in the channel, including the launch of its CrowdConnect program in January with over 100% growth in channel-led business.

“As we continue to rapidly accelerate, drive innovation on our platform, and plan additional acquisitions, it became clear that we needed a leader with the experience of scaling large SaaS platforms to hundreds of millions in revenue,” said Dave Gerry, CEO of Bugcrowd. “Braden is a cybersecurity leader with 20 years of both strategic and technical experience. I’m eager to work closely with him as we continue our rapid momentum alongside customers, hackers, and partners.”

The company’s product portfolio saw significant innovations in 2024. Some top milestones includean acquisition of UK-based attack surface management provider Informer in May, resulting in the subsequent launch of Bugcrowd’sContinuous Attack Surface Penetration Testing solution on its AI-powered crowdsourced platform. Along with many new product launches and collaborations with global partners and resellers, Bugcrowd launched its AI Bias Assessment for Large Language Models and its AI Powered Pentesting, both within the first half of 2024. In addition,Google selected Bugcrowd as its new payment platform as the tech behemoth sought to improve the scale and speed of payments to its bug hunters. 

Read blog to learn more about Braden Russell and his vision for Bugcrowd’s growth. To learn more about how the Bugcrowd platform can help your organization fight against today’s evolving cyberattacks, visit here.

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