XM Cyber Reports Strong 2021 Momentum Marked by Remarkable Growth and Key Leadership Appointments

XM Cyber Reports Strong 2021 Momentum Marked by Remarkable Growth and Key Leadership Appointments

PR Newswire

HERZLIYA, Israel, Feb. 17, 2021

Market leader in the Risk-Based Vulnerability Management space, Israeli company more than doubled the number of clients despite pandemic challenges

HERZLIYA, Israel, Feb. 17, 2021 /PRNewswire/ -- XM Cyber, the multi-award-winning leader in Attack-Centric Risk Exposure Prioritization, today announced a successful 2020, achieving over 160% growth in bookings. In addition, the company more than doubled its number of clients worldwide and beefed up its staff over the last 12 months.

XM Cyber Logo

This growth was driven by significant upgrades to the XM Cyber platform, massive growth in new channel partnerships, and an expansion of the company's leadership team.

XM Cyber was recognized as a "Cool Vendor" in Gartner's "Cool Vendors in Security Operations and Threat Intelligence" report, the analyst firm's research designed to highlight interesting, new and innovative vendors, products and services. XM Cyber also received several prestigious industry awards, including the Black Unicorn Award, granted to cybersecurity companies with the potential to reach a $1 billion dollar market value.

"XM Cyber Platform helps companies address the pinnacle of all cyber security investments, knowing precisely whether mission-critical business assets are secure, and provides contextual prioritization and remediation to quickly close any security gaps," said Noam Erez, CEO and co-founder, XM Cyber. "This promise has struck a chord with companies of all sizes and industries, as evidenced by our year-over-year growth even in the face of a devastating global health crisis."

Erez says new cyber risks are threatening business-sensitive systems across hybrid-cloud environments, and hackers are increasingly leveraging vulnerabilities, misconfigurations, undermanaged credentials, and legitimate user activities that can be exploited.

"The XM Cyber Platform gives me the peace of mind to know, anytime, whether HPA's business-critical IT assets are at risk. Our Security and IT Operations process for patching vulnerable assets became clear and predictable, making it possible to prioritize the risks to our most critical assets based on attack graphs. This allows us to run tests with no risk of disruption to production -- a critical attribute in port operations," said Jens Meier, CEO, Hamburg Port Authority.

New Product Capabilities Beyond Breach and Attack Simulation

The latest release of the XM Cyber Platform gives customers the ability to identify where their hybrid-cloud network is exposed to attacks, providing additional context to aid in prioritization. The continuous attack simulation goes beyond security control validation by combining all potential attack paths with other relevant security risk data such as CVEs, misconfigurations and credentials misuse. 

Through integrations with endpoint protection platforms, SOAR and cloud vendor solutions, XM Cyber adds even more context to existing alerts creating a full attack-centric exposure prioritization platform.  By continuously running risk-free in an organization's on-premise, cloud or hybrid production environment, the XM Cyber Platform exposes attack paths that go unnoticed by other security controls. The accompanying, detailed remediation advice directs security and network teams and prioritizes their actions based on the criticality of the assets, the associated attack vectors and choke points.

XM Cyber released several major product updates to its Attack-Centric Exposure Prioritization platform in 2020, including:

New Leadership Team Members

The company is also growing its leadership bench for 2021 with five key appointments:

About XM Cyber

XM Cyber is the global leader in Attack-Centric Risk Prioritization, which is also known as Risk-Based Vulnerability Management (RBVM). The XM Cyber platform enables companies to rapidly respond to cyber risks affecting their business-sensitive systems by continuously finding new exposures, including exploitable vulnerabilities and credentials, misconfigurations, and user activities. XM Cyber constantly simulates and prioritizes the attack paths putting mission-critical systems at risk, providing context-sensitive remediation options. XM Cyber helps to eliminate 99% of the risk by allowing IT and Security Operations to focus on the 1% of the exposures before they get exploited to breach the organization's "crown jewels" – its critical assets. XM Cyber was founded by top executives from the Israeli cyber intelligence community and has offices in North America, Europe, and Israel.

For more information: www.xmcyber.com
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Fusion PR (for XM Cyber)
Brian Janson
E: brian.janson@fusionpr.com
T: +1(646)-452-7111

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