Highlights:

  • The collaboration of services between the two companies aims to assist organizations struggling to reduce their exposure to risks effectively.
  • The partnership between these two companies incorporates sophisticated internal data from Cipher, including vulnerabilities and essential security controls, into DeNexus solutions.

Recently, a company specializing in cyber risk modeling for industrial networks, DeNexus Inc., collaborated with Cipher Security LLC, a cybersecurity firm. Together, they aim to address cyber risks associated with operational technology and industrial control systems within the domain of industrial and physical critical infrastructure.

The partnership between these two firms integrates sophisticated internal data from Cipher, which includes vulnerabilities and crucial security controls, into DeNexus solutions. The security insights offered by Cipher empower DeNexus to provide enhanced models for cyber risk assessment, projections of potential losses, recommendations for mitigating risks, and a prioritization framework for mitigation projects based on return on investment.

DeNexus provides solutions for quantifying and managing cyber risks, facilitating collaboration between chief information security officers and chief financial officers to prioritize mitigation strategies specially tailored for industrial and physical critical infrastructure. Cipher’s range of managed cybersecurity services offers comprehensive coverage across all possible attack vectors, placing special emphasis on operational technology (OT).

The partnership between the two companies aims to assist organizations struggling to reduce their exposure to risks effectively. DeNexus contends that the lack of comprehensive cyber risk quantification leaves CFOs and CISOs without the essential groundwork needed to make informed decisions regarding cybersecurity investments.

Jose Seara, DeNexus Founder and Chief Executive, said, “The insights and services provided by Cipher are instrumental in refining our cyber risk quantification models. This collaboration strengthens cyber resilience through integrated cybersecurity and risk management solutions, ensuring organizations navigate evolving threats with efficiency and effectiveness, safeguarding critical infrastructure.”

DeNexus, a startup backed by venture capital, has secured a total of USD 8.61 million across three funding rounds, as reported by Tracxn. Key investors in DeNexus comprise VentureOut Ventures Inc., This is Water Co. Ltd., HCS Capital Partners LLC., and InsureTech Directory LLC.

Since 2018, Cipher, a provider of managed security services and security consulting to enterprises, has been predominantly owned by Prosegur Compañía de Seguridad S.A., a Spanish security firm.