DefenseStorm Carries on Robust Expansion and Small business Momentum Through 2020 | Enterprise & Finance

ALPHARETTA, Ga.–(Organization WIRE)–Feb 16, 2021–

DefenseStorm, a foremost cloud-centered cybersecurity and cybercompliance management company to regional and community financial institutions and credit unions, today announced it accomplished file development in 2020 with a 42% improve in shopper count and a 95% shopper retention rate, continuing its ahead momentum in a calendar year disrupted by a world-wide health and fitness disaster that brought about an remarkable array of cybersecurity difficulties.

“Last yr brought unparalleled challenges for economic establishments, from adapting to a much more remote workforce, to embracing new cloud technologies and dealing with the mounting danger of specific attacks on the banking sector,” mentioned Steve Soukup, chief govt officer at DefenseStorm. “DefenseStorm stays targeted on partnering with banking institutions, credit score unions and fintechs to provide authentic-time cyber protection and soundness. This aim, merged with continued expenditure in our platform and individuals, will propel us jointly with our shoppers by 2021 and over and above.”

DefenseStorm’s achievement correlates with escalating board-level problems all-around safety, accelerated digital transformation and the subsequent require for money establishments to have deeper visibility into their protection techniques. In 2020, DefenseStorm met that require by providing quite a few items from its solution roadmap, including a second-generation model of Lively Compliance and a new Endpoint Detection and Response (EDR) answer. To support continued progress of its product or service and provider offerings, the company hired for various critical Product Administration roles centered on compliance, artificial intelligence and equipment learning as very well as fraud. And to even more accelerate general abilities, DefenseStorm raised a $12M Series B round led by Georgian, bringing its overall funding to day to $47M.

Transferring into its seventh yr of operation, consumer pleasure continues to be a precedence for DefenseStorm. And that stage of devotion showed as almost a single-fourth of shoppers up for agreement renewal in 2020 opted for an extended contract time period of 5 a long time as opposed to the typical, minimum amount dedication. One of these renewals was Arrow Fiscal Corporation, a DefenseStorm customer for 3 many years.

“Between taking care of a hybrid workforce and furnishing community users with the necessary resources to preserve their businesses working in the course of COVID, the amplified draw on IT and Security is larger than ever,” stated Danielle Burch, Protection Analyst Engineer at Arrow Fiscal Company. “Having a proactive method to protection is critical and DefenseStorm serves as an extended member of our cybersecurity staff, doing work all over the clock to help us control our exposure. DefenseStorm was the correct selection for our financial institution just about three many years in the past and stays the right decision for us these days.”

Extra 2020 achievements contain eight awards across marketplace, regional and national levels. Most notably, DefenseStorm rated 1450 on the Inc. 5000 list of the fastest-escalating personal businesses in The united states, principally because of to an outstanding 305% expansion level from 2016 to 2019. DefenseStorm also held its second yearly shopper meeting in 2020 with more than 50 % of their clientele attending a digital wine tasting which sent a deliberate mix of organization and pleasure.

“2020 was a pivotal calendar year for DefenseStorm as we proceed to set up our leadership as the premier provider of cyber protection and soundness for financial institutions, credit unions and fintechs,” said Soukup. “2021 will provide its personal one of a kind worries for sure, but our group remains centered on restricted partnership with our clientele – giving value to them everyday and guaranteeing total and proactive cyber publicity readiness to continue to keep our consumers cyber safe and audio.”

DefenseStorm gives cybersecurity and cybercompliance alternatives especially crafted for banking to achieve and preserve Cyber Safety & Soundness. The DefenseStorm GRID™ is the only co-managed, cloud-dependent and compliance-automated alternative of its sort, working as a technological innovation procedure and as a services supported by gurus in FI safety and compliance. It watches almost everything on a financial institution or credit union’s network and matches it to outlined policies for actual time, comprehensive and proactive cyber publicity readiness, maintaining safety teams wise and executives accountable. FFIEC CAT and ACET specifications are created-in and automated, as can be other frameworks and an FI’s personal insurance policies, to attain Active Compliance™. A Danger Ready Active Compliance (TRAC) Team™ augments a lender or credit score union’s interior workforce to safeguard enterprise continuity and expertise availability while also making sure charge-productive coverage and administration. DefenseStorm is a NAFCU Solutions Most popular Partner for cloud-centered cybersecurity.

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PUB: 02/16/2021 09:15 AM/DISC: 02/16/2021 09:15 AM

Copyright Enterprise Wire 2021.