UST Global announces a strategic investment in XM Cyber
UST has announced an investment in Israel-based XM Cyber. XM Cyber is a multi-award-winning provider of the first fully automated APT simulation and remediation platform.
UST Global participated in the latest funding round of XM Cyber, amongst other investors. XM Cyber provides the first fully automated APT Simulation Platform to continuously expose attack vectors, above and below the surface, from breach point to any organizational critical asset. This continuous loop of automated red teaming is completed by ongoing and prioritized actionable remediation of security gaps. XM Cyber's customers include leading financial institutions and critical infrastructure organizations across North America, Europe, Israel and Australia.
CyberProof, UST Global’s cybersecurity company, and XM Cyber will work on an integrated solution to enable the first cyber risk managed service for global clients. CyberProof dramatically changes the way managed security services are delivered, and together with XM Cyber, ensures an organization’s risk posture is clearer than ever.
Sajan Pillai, CEO, UST Global, says, “Investing in XM Cyber is our strategic move towards building an integrated managed security service. Our vision is to enable our global clients to manage their cyber risk with a measurable outcome, by understanding and measuring the highest risks. XM Cyber’s APT simulation platform HaXM integrated with the CyberProof Defense Center (CDC) platform is the first managed security service to do this. We look forward to supporting and collaborating on our joint efforts.”
Noam Erez, XM Cyber CEO and Co-Founder, says, "We are thrilled to have earned UST’s trust and support, and look forward to a successful and lasting partnership. The integration of APT simulation platform HaXM and CyberProof is an inspired one that will help UST’s clients to significantly reduce their exposure to cyber risk.
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