DefenseStorm: How This Company Helps Banks And Credit Unions WIth Cyber Exposure Readiness

By Dan Anderson ● Jul 17, 2019
  • Leading cloud-based cybersecurity and cybercompliance management company DefenseStorm announced it has raised $15 million in Series A funding

DefenseStorm — a leading cloud-based cybersecurity and cybercompliance management provider for regional and community banks and credit unions — recently announced that it raised $15 million in Series A financing round led by Georgian Partners. In conjunction with this round of funding, Georgian Partners managing partner Justin LaFayette is joining the DefenseStorm board of directors.

Along with the investment, DefenseStorm is going to be engaging with the Georgian Impact team for accelerating the adoption of applied artificial intelligence and trust. The Georgian Impact team is comprised of experienced technology practitioners with expertise in areas such as deep learning, software engineering, natural language processing, and privacy.

“DefenseStorm is growing rapidly, and our primary goal is not only to ensure that we take care of both our current and potential customers, but also that we invest in our employees and the innovation they continue to bring to the table,” said DefenseStorm CEO Harold Brewer in a statement. “We are thrilled to have the support of the Georgian Impact team and look forward to a lasting partnership benefitting the entire cybersecurity community.”

DefenseStorm is also going to be leveraging the expertise of the Georgian Impact team to further develop its current cybersecurity and cybercompliance capabilities of its GRID platform and TRAC services offerings. Plus DefenseStorm is planning to invest in the growth of the teams that sell, implement, and support these offerings.

“We are very excited to be partnering with DefenseStorm through this new investment and our R&D collaboration.” added Georgian Partners partner and CTO Madalin Mihailescu. “The combination of DefenseStorm’s deep domain expertise and our own expertise in trust and artificial intelligence has already identified a number of opportunities to further accelerate new product capabilities.”

Essentially, DefenseStorm provides cybersecurity and cybercompliance solutions specifically built for banking to achieve and maintain Cyber Safety & Soundness. And the DefenseStorm GRID is the only co-managed, cloud-based, and compliance-automated solution of its kind as it operates as a technology system and as a service supported by experts in FI security and compliance.

DefenseStorm watches everything on a bank or credit union’s network and matches it to defined policies for real-time and complete and proactive cyber exposure readiness thus keeping security teams smart and executives accountable.

FFIEC CAT and ACET are built-in and automated as can be other frameworks and an FI’s own policies to achieve Active Compliance. A Threat Ready Active Compliance (TRAC) Team augments a bank or credit union’s internal team to protect business continuity and skills availability while also ensuring cost-effective coverage and management.