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Trend Micro, HITRUST Launch New Cyber Risk Management Firm Cysiv

Cybersecurity solutions provider Trend Micro and HITRUST, a non-profit organization that promotes the protection of sensitive data, have joined forces to launch a new company that offers cyber risk management services.

Cybersecurity solutions provider Trend Micro and HITRUST, a non-profit organization that promotes the protection of sensitive data, have joined forces to launch a new company that offers cyber risk management services.

The new company, named Cysiv, will provide risk management services to select enterprises in the United States. Cysiv aims to address several challenges that make it more difficult for organizations to defend themselves against cyberattacks and prevent breaches, including the shortage of skills, alert fatigue, rising costs, and product complexity.Trend Micro and HITRUST launch Cysiv

Cysiv offers experts whose role is to provide in-house security teams a variety of services, including hybrid cloud security, network IPS, user protection, advanced threat detection, and deception technologies.

In support of its monitoring and management offerings, Cysiv also offers product deployment, digital forensics, and incident response services.

Customers will pay for Cysiv services on a monthly basis depending on the services they require.

Cysiv will leverage Trend Micro’s cybersecurity platform, security research, and threat intelligence. HITRUST will provide expertise in threat information sharing, and compliance and risk management. Trend Micro and HITRUST have been partners for several years.

“The AI-powered security operations and analytics platform that’s at the heart of this new service is part of our on-going efforts to enable the SOC with greater visibility, and to add more actionable intelligence and automation to enterprise security,” said Eva Chen, co-founder and CEO of Trend Micro. “We’re excited by its immediate value to Cysiv customers, and more broadly by its longer-term potential for Trend Micro customers and partners.”

“Insights from both our risk management and information sharing service, clearly demonstrate that organizations of all sizes are struggling to effectively implement and operate their cyber defenses in today’s escalating threat environment,” commented Daniel Nutkis, CEO of HITRUST. “This new venture leverages the tremendous experience we’ve gained in conducting assessments, in managing a threat sharing platform and ultimately helping customers manage their cyber risks.”

Related: Cisco, Apple Launch Cyber Risk Offering With Insurance Giant Allianz

Related: Indegy Launches Industrial Security Risk Assessment Service

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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