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Cohere Cyber Secure and SecurityScorecard formed Partnership to Enhance Cybersecurity of Financial Sector

Cohere Cyber Secure announced a partnership to provide cyber ratings for clients and cooperatively push market penetration with a single integrated solution of SecurityScorecard, the worldwide market leader in cyber security ratings. These include the most recognised financial firms worldwide, including different groups of registered investment advisors, private equity, portfolio managers, hedge funds, and LBO funds. As part of this partnership, Cohere will include the monitoring capabilities of SecurityScorecard in our security operations using SIEM technology from Cohere to constantly monitor and mitigate possible cyber threats, both on- and in the cloud.

“Financial organizations are the biggest target for cyber criminals, and security teams need a comprehensive and compliant cybersecurity strategy that provides in-depth intelligence,” says Aleksandr Yampolskiy, CEO at SecurityScorecard. “This partnership provides real actionable insights into the real-time threats facing financial organizations, and ensures that they will maintain the strongest possible security posture and conform to industry compliance standards.”

The combined Cohere solution offers a 360-degree vision and addresses essential safety issues including risk and vulnerability assessment, risk detection, real-time monitoring, response to incidents and regulatory reporting. Partnership clients can check their SecurityScorecard rating and extend that support to their portfolio and selling companies. This complete solution provides on-going monitoring to ensure that organisations are able to maintain the most safe financial services for their customers. Customers can also generate complete monthly or on-demand cyber-based health reports for governance committees and regulators as a tightly interconnected solution.

“Security organizations are often hamstrung by only looking within their cyber borders with an inside-out view into their vulnerabilities, and often have to break up monitoring tools with multiple outside vendors,” says Steven Francesco, Chairman and CEO at Cohere Cyber Secure. “Investors, customers, regulators, CISO’s and compliance officers can rest easier knowing our solution keeps your company safe and secure.

Kovack Securities Has Selected Entreda To Provide Its Financial Advisors And Registered Representatives With An Industry-Leading Cybersecurity Compliance Platform

Kovack Securities, an independent broker-dealer and registered investment adviser that manages $13.45 billion in total client assets, has chosen Entreda to provide its 400 registered representatives and financial advisors with Entreda’s proprietary cybersecurity software and solutions.

Entreda’s selection by Kovack Securities demonstrates the company’s position as the leading cybersecurity provider to successful wealth management organisations. Entreda’s unique Cyber Risk Number, a scoring system that evaluates users’ and organisations’ cybersecurity postures; Entreda’s remediation, training, and education solutions; and its third-party vendor vetting products are all part of the Unify platform.

Sid Yenamandra, CEO and founder of Entreda, a wholly-owned subsidiary of Smarsh, said, “Though the country is emerging from the pandemic and making progress towards returning to normal, wealth management firms still need to be vigilant of cyber threats, which increased in intensity and frequency in the past year-plus as companies shifted to remote operations. Entreda’s platforms and solutions provide deep visibility on the cybersecurity posture of an organization’s users, devices, networks and vendors. This data is necessary for organizations to confidently do business and serve clients in this uncertain environment. We are thrilled to partner with Kovack Securities with their cybersecurity compliance needs.”