Press Release —
Balbix Named a 2018 Cool Vendor in Security and Risk Management Software for Technology and Services Providers by Gartner
Report Says End Users Are Looking for More Advanced Technologies to Continuously Monitor for Threats to Minimize and Mitigate Risk to Stave off Cyberattacks
SAN JOSE, Calif. – Balbix, provider of the security industry’s first breach avoidance platform, today announced that it has been named to the list of Cool Vendors in the Gartner “Cool Vendors in Security and Risk Management Software for Technology and Service Providers, 2018” report1.
“For security and risk management leaders, knowing where the next cyberattack will come from remains challenging. They must manage an ever-increasing number of devices, users and applications spread across infrastructure that includes the Internet of Things (IoT), operational technology (OT), bring your own device (BYOD), on-premises, third-party vendors and connections, and cloud services,” notes Gartner analysts Elizabeth Kim and Matthew Stamper.
The report states that “end users are looking for more advanced technologies to continuously monitor for threats to minimize and mitigate risk to stave off cyberattacks. Products using new and innovative technologies that provide automation and ease of use against new threats are preferred.”
It also notes that “these innovative technologies have the opportunity to disrupt market dynamics and help end users minimize risk by detecting and mitigating cyberattacks.”
“We are both humbled and empowered to be recognized by Gartner as a Cool Vendor in Security and Risk Management Software. We feel this recognition highlights the growing need of CISOs to use breach avoidance to actually get ahead of cyber-risks, versus always looking in the rearview mirror and trying to mitigate the latest breach,” said Gaurav Banga, CEO and founder of Balbix.
Balbix’s value proposition for the Security and Risk Management Software market, and the CISO teams using these tools, is clear – avoid cyber-breaches by predicting and proactively controlling them (aka “breach avoidance”). The Balbix BreachControl™ platform enables security teams to get ahead of breaches by using deep learning and other specialized artificial intelligence (AI) techniques to provide comprehensive and continuous predictive assessment of breach risk. It forecasts critical breach scenarios and prioritizes/recommends fixes by business risk, improving security operations, compliance and cyber-resilience.
To find out more about BreachControl or schedule a demo, please visit: https://www.balbix.com/request-a-demo/.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner “Cool Vendors in Security and Risk Management Software for Technology and Service Providers, 2018” by Deborah Kish, Elizabeth Kim, Avivah Litan, Matthew T. Stamper, May 1, 2018.
The Balbix breach prevention platform, BreachControlô, is the industry’s first system to leverage specialized artificial intelligence (AI) to provide comprehensive and continuous predictive assessment of breach risk. Visualized via a searchable and clickable risk heat-map, it is designed for CISOs, CIOs and IT security teams. BreachControl can forecast critical breach scenarios and prioritize/recommend fixes by business risk, improving security operations, compliance and cyber-resilience. Learn more at www.balbix.com.