ThreatConnect Acquires Cyber Risk Quantification Pioneer Nehemiah Security

 

ThreatConnect Acquires Cyber Risk Quantification Pioneer Nehemiah Security

Creates the world’s only cybersecurity platform aligning the

entire security lifecycle to the goal of reducing risk.

Combination of Cyber Risk Quantification, Intelligence,

Orchestration, Automation and Response continually

informs and improves security operations and risk management.

 ThreatConnect Inc.®, the leader in reducing complexity

and enabling better decision making in cybersecurity, today

announces the acquisition of Nehemiah Security, Inc,

(“Nehemiah”) a pioneer in the rapidly growing Cyber Risk

Quantification (CRQ) space. On August 18, 2020,

ThreatConnect through its purchaser entity, NS Holdings

LLC, acquired substantially all of the assets and assumed

selected liabilities of Nehemiah. The acquisition adds Cyber

Risk Quantification to ThreatConnect’s existing Threat

Intelligence Platform (TIP) and Security Orchestration,

Automation and Response (SOAR) capabilities, creating the

world’s only cybersecurity platform aligning the entire

security lifecycle to the goal of reducing risk.

ThreatConnect Risk Quantifier (RQ – formerly Nehemiah

Risk Quantifier) enables the identification of the risks that

matter most to the organization by quantifying them based

on potential financial or operational impact, unifying

security and the business to a common goal. This

quantification relies on generally accepted risk models such

as the popular Factor Analysis of Information Risk (FAIR)

model, among others. It is also established in part by, and

continuously informed by, threat intelligence, vulnerability

management, operations and response data found within

ThreatConnect and other integrations. Using this risk-led

approach to cybersecurity makes prioritization easy for

security teams, enabling them to filter out noise and focus

on what matters most. With CRQ, TIP and SOAR

capabilities combined, ThreatConnect unifies the actions of

the security team around the most critical risks, supports

their response with streamlined and automated workflows

and strengthens the entire security ecosystem through

powerful technology integrations.

With the acquisition, ThreatConnect further delivers on its

mission of revolutionizing the way organizations protect

themselves by turning intelligence into action. Adding CRQ

to the ThreatConnect Platform creates the most powerful

decision and operational support system in cybersecurity.

For security executives, their teams and the stakeholders

they support across the organization, ThreatConnect

becomes a single source to support their mission of

identifying and efficiently mitigating cyber risk.

“For a decade now, we’ve been focused on making the job

of security easier, to be the place where security comes to

be effective,” said Adam Vincent, Chief Executive Officer at

ThreatConnect. “We began our journey focused on making

threat intelligence actionable with our TIP solution,

providing a platform to collect, enrich and prioritize

intelligence. We evolved our capabilities to deliver an

award winning SOAR platform to market, helping

orchestrate and automate security actions with an

intelligence-led approach. But we never lost sight of the

belief we articulated in 2015 that risk mitigation should

drive all action in security. We’ve watched with interest as

the cyber risk quantification movement has taken off,

keeping an eye on evolving approaches and listening to the

experiences of our clients. The decision to acquire

Nehemiah was an easy one as they are ahead of the market

in terms of their ability to automate cyber risk

quantification. They help overcome much of the pain felt by

early CRQ adopters where manual data collection and

lengthy professional services engagements are the norm.

Their vision to harness the power of the security ecosystem

by integrating technologies and ingesting data fits perfectly

with our vision for reducing complexity. With this

acquisition, we believe ThreatConnect stands alone in

cybersecurity as the only partner that can deliver a true

decision and operational support platform for cyber risk

management.”

Nehemiah’s approach to CRQ has won the confidence of

some of the largest organizations in the world and

recognition by leading industry analyst firm, Gartner. In

May of this year, Gartner named Nehemiah Security to its

list of “Cool Vendors” in the area of Integrated Risk

Management. In 2018 Gartner recognized the growing

trend towards Cyber Risk Quantification and helped fuel

interest by adding it to its list of core pillars required for

effective Integrated Risk Management.

“ThreatConnect has a vision for security that encompasses

the most critical elements – risk, threat and response,” said

DJ Goldsworthy, Director of Security Operations and Threat

Management at Aflac. “This acquisition strengthens their

offering and increases alignment to our core strategic

objectives with one platform to assess our risk and

automate and orchestrate our response to it.”

“Organizations are seeking to quantify their cyber risk in

order to better align security to the business, drive

remediation and response activities, support investment

decisions and demonstrate return on security investment,”

said Wade Baker, Partner at Cyentia Institute and Member

of the Board of Advisors at the FAIR Institute. “The

movement behind CRQ has grown rapidly, as evidenced by

the thousands that are now FAIR Institute members. But

the pain among early adopters is pronounced and loudly

vocalized. Current approaches require too much manual

data collection, too much training and professional services

support, too much time to realize outputs which means that

assessments are often old before the ink dries.

ThreatConnect is in a tremendous position to help

overcome that pain given the breadth of their Platform,

their knowledge on technology integration and the

foundation built by Nehemiah. I, for one, am very excited

about the prospect of a stronger connection between the

cyber threat and risk management spheres.”

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