Press Release

DeNexus & Forescout Establish Partnership to Improve Cyber Risk Management & Capital Allocation

DeNexus and Forescout Establish Partnership to Improve Cyber Risk Management and Capital Allocation

[Sausalito, CA:]: DeNexus, the leading provider of cyber risk modeling for industrial organizations, global (re)insurers and insurance linked securities (ILS) investors, today announced a new integration partnership with Forescout Technologies, a leader in Enterprise of Things security. With this integration, existing and future customers will be able to leverage the continuous device visibility and vulnerability management capabilities of the Forescout platform, combined with the continuous cyber risk quantification and ROI-based assessment capabilities of the DeNexus DeRISK Platform. Together, Forescout and DeNexus provide the industrial enterprise with the insight required to navigate increasing cyber insurance costs in wake of a changing threat landscape targeting operational technology (OT) and industrial control systems (ICS).

“Partnering with Forescout improves the value that we can jointly bring to our customers. The technology integration feeds more actionable data into the DeRISK Platform. In turn, DeRISK better guides cybersecurity stakeholders with the financial clarity and ROI-based analysis they require when securing their organization and shareholders from cyber risk,” said Jose Seara, CEO, DeNexus, Inc.

The benefits of this new partnership include:

  • ROI-based cybersecurity mitigation guidance
  • Continuous value at risk assessment of all device types and environments
  • More granular insight on risk sources and attack vectors

With increasing loss implications, cyber risk has become a board-level concern and area of focus. The operational gaps between security leaders and the C-suite require a stronger link between cybersecurity tools and cyber risk strategy. The coordination between Forescout and DeNexus will help CISOs, and CFOs converge cybersecurity and financial strategies together.

The average cost of downtime totaled $283,000 in 2021, doubling in one year . Meanwhile, industrial organizations managing critical infrastructure continue to grow as a favored target for cyber threat actors, like the Colonial Pipeline incident. In the United States alone, utilities were attacked 300 times per week on average in late 2021, which is an increase of 50% in less than a year . The stakeholders responsible for managing this critical infrastructure need tangible cyber risk management insights more than ever.

“Continuous cyber risk mitigation and assessment of devices supporting critical infrastructure is only possible when the stakeholders responsible for leading these tasks have all of the risk insights at their fingertips. They need a streamlined and integrated approach, so they do not have to leverage multiple platforms to receive information and insights,” said Robert McNutt, Chief Technology Officer, Forescout. “Forescout is thrilled to integrate with DeNexus to provide organizations with new levels of risk analysis, collaboration, and productivity.”
“The relationship with Forescout marks an exciting step forward for DeNexus and the DeRISK Platform. By integrating with the Forescout Platform , we’re leveraging another industry-leading ICS and OT asset visibility technology to provide executive cyber risk stakeholders with more context behind the financial impact of their cyber risk exposure in real-time."
- Alessandro Nepoti, Chief Technology Officer, DeNexus.

Addressing the cybersecurity challenges of today’s distributed enterprise and the financial implications of cyber risk demands a holistic and consolidated approach to securing all devices. DeNexus and Forescout deliver on this need by providing organizations with agentless device visibility and security in line with their financial strategies and risk underwriting requirements.

About DeNexus:
DeNexus is the leading provider of cyber risk modeling for industrial organizations, global (re)insurers and insurance linked securities (ILS) investors. Our flagship platform, DeRISK, empowers the industrial enterprise and risk underwriters with the ability to quantify and manage cyber risk exposure on a continuous basis. DeRISK is the world’s first self-adaptive, cloud-based technology that predicts where cyber breaches are likely to occur, values their impact on business and guides risk stakeholders towards the best risk mitigation paths for their organization.

For more on Forescout and DeNexus, check out our recent online event and panel discussion here