UpGuard introduces enhanced scanning capabilities and appoints
new executives to bolster its cybersecurity platform, featuring
Detected Products and Exploit Prediction Scoring System (EPSS)
capabilities, while adding Mary
Fifita as VP of Corporate Development and Vincent Chuang as General Counsel to drive
strategic growth.
MOUNTAIN
VIEW, Calif., May 21, 2024
/PRNewswire-PRWeb/ -- UpGuard, esteemed for its innovative
Third-Party and Supplier Risk Management solutions and ranked #1 by
G2 for seven consecutive quarters, recently introduced two new
product enhancements to expand its scanning and predictive scoring
capabilities. With the average data breach costing $4.45 million in 2023 (IBM Cost of a Data Breach
Report), these enhancements help security teams further protect
their organizations from devastating operational, reputational, and
financial consequences.
"2024 continues to be a pivotal year of
investment for UpGuard," declared Mike Baukes, CEO and co-founder
of UpGuard. "We take great pride in expanding our product
capabilities, and the expertise of Fifita and Chuang has been vital
as we've embarked on our next phase of growth."
UpGuard's Detected Products and Exploit Prediction Scoring
System (EPSS) capabilities have been rolled out to all 1,000 plus
customers, expanding upon UpGuard's industry-leading platform that
monitors over 10 million companies daily. UpGuard helps
organizations, like iDeals, a provider of virtual data rooms,
drastically improve their security posture by "detecting 10% more
security vulnerabilities and efficiently providing detailed
information to streamline remediation."
- Detected Products expands UpGuard's scanning engine to
automatically identify over 23,000 technologies and provides a 23%
improvement in scanning year over year. The technologies this
feature identifies include network devices, Javascript plugins, and
hosting providers–all of which can pose significant security
concerns that need to be addressed by an organization's TPRM
program.
- EPSS is a public quantitative vulnerability score that uses
data on actual vulnerability exploitations to derive risk and
likelihood scores for known vulnerabilities. Compared to a common
vulnerability scoring system (CVSS), a qualitative scoring system,
EPSS is 10 times more efficient, harnessing the predictive power of
its quantitative scoring method.
By augmenting its suite of offerings with these cutting-edge
enhancements, UpGuard reaffirms its unwavering commitment to
alleviate the complexities of cybersecurity for security teams
worldwide, tackling emerging challenges such as the prevalence of
Shadow IT. As UpGuard forges ahead in its mission, it has also
continued to appoint esteemed leaders to its executive team,
ensuring the company is perpetually poised to drive innovation and
resilience across the ever-evolving cybersecurity landscape.
- Mary Fifita joined UpGuard as
Vice President of Corporate Development, harnessing her vast
experience in corporate strategy, mergers and acquisitions, and
business development. Fifita has already spearheaded strategic
initiatives in her new role to accelerate growth, cultivate
critical partnerships, and shape UpGuard's vision to expand its
global presence.
- Vincent Chuang assumed the role
of General Counsel, offering a wealth of legal experience and
knowledge from his prior roles at Coursera and Latham & Watkins
LLP. In his new role, Chuang has leveraged his deep understanding
of legal intricacies to craft innovative strategies to safeguard
UpGuard as it pursues strategic expansion globally.
"2024 continues to be a pivotal year of investment for UpGuard,"
declared Mike Baukes, CEO and co-founder of UpGuard. "We take great
pride in expanding our product capabilities, and the expertise of
Fifita and Chuang has been vital as we've embarked on our next
phase of growth, steadfast in our commitment to equip security
professionals with the tools to navigate today's dynamic security
challenges."
As UpGuard continues to invest in the success of global security
teams, the company is gathering customer feedback and hosting a
Customer Advisor Board meeting in London, underscoring the company's position as
a luminary in the field of cyber risk and reinforcing its promise
to protect the world's data.
To discover more about UpGuard's latest innovations, register
for the UpGuard Summit, a virtual conference that unites global
security leaders to explore the future of cyber risk.
Media Contact
Ratika
Sadana, UpGuard, 1 888-882-3223, press@upguard.com,
https://www.upguard.com/
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SOURCE UpGuard