CYE, the industry leader in cybersecurity optimization platforms, announced the launch of its new cloud-based cybersecurity optimization platform, HyverLight. This offering makes enterprise-level protection available for small and medium-sized businesses. Through ALSO’s Cloud Marketplace (ACMP) HyverLight will be available in 90 countries worldwide.
In recent years, SMBs have seen a drastic increase in cyberattacks, which has accelerated exponentially since the onset of Covid-19 and the explosion of eCommerce companies. Today, 43% of all cyberattacks target small businesses. SMBs lose over $2.2 million USD on average a year due to cybersecurity breaches, and 60% of them go out of business within 6 months of falling victim to cybercrime. “Today’s cyberattacks can destroy the core of any small and medium-sized business, taking many key players out of the market, ultimately having negative repercussions on the larger economy,” said Reuven Aronashvili, Founder and CEO of CYE. “CYE provides SMBs with an accurate cybersecurity approach that will assess real threats to their business and provide needed protection without breaking the bank. We are happy to be partnering with ALSO Holding AG to help as many SMEs as possible in their cyber transformation.”
HyverLight is designed to provide a continuous automated cybersecurity assessment of main threat environments for SMEs by using advanced algorithms and graph modeling that conduct precise cybersecurity assessments covering the entire organization and third-party vendors. The platform offers a single enterprise-level solution enabling companies to prevent attacks before they occur and gain insight on where limited resources should be invested.
The three main components of the platform include:
Attack Surface Tracker – Enables organizations to have full control of their cybersecurity posture by continuously monitoring the attack surface for vulnerabilities and misconfigurations, using non-intrusive methods and a fully automated monthly scan.
Azure Security Tracker – Tracks the accuracy of Azure security in the cloud, which is essential to SMEs, as more and more companies are moving to the cloud.
Internet Perimeter Tracker – Provides a continuous and comprehensive view into the potential entry points that an attacker could take in order to gain access into the organization.
“HyverLight is a unique opportunity for our partners. The tool offers SMEs a comprehensive assessment of their cybersecurity risks as well as an optimization and mitigation strategy,” said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN). “Since HyverLight is tailored specifically for SMBs, it enables resellers to expand their as-a-service portfolio and further monetize the digital workplaces.”
ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is one of the leading technology providers for the ICT industry, currently active in 24 countries in Europe and in a total of 90 countries worldwide via PaaS partners. The ALSO ecosystem offers around 110 000 resellers hardware, software and IT services from more than 700 vendors in over 1340 product categories. In the spirit of the circular economy, the company provides all services from provision to refurbishment from a single source. The Supply division comprises the transactional range of hardware and software. The Solutions division supports customers in the development of customized IT solutions. Subscription-based cloud offerings as well as platforms for cybersecurity, virtualization and AI are the focus of the Service area. For more information, visit: https://also.com. The main shareholder is the Droege Group, Düsseldorf, Germany.
About Droege Group
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a familyequity business model. The group invests its own equity in “special opportunities” with a focus on mediumsized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle “execution – following the rules of art”, the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. For more information, visit: https://droege-group.com.