@RISK Technologies

big data analyticsregtechauthentication and fraud preventionartificial intelligence/machine learning

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 08/09/2020

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About

If you are like most small or medium financial institutes you don't have a large staff protecting your valuable data files and keeping an eye on cyber crime tactics. That's why we built @RISK. We've designed a comprehensive assessment tool to help banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. We let you know where your weaknesses lie and who may be trying to get inside your defenses. One scorecard tells you what you need to fix and lets you know how you stack up compared to other banks. Our team of professionals give customers $300,000 worth of top-to-bottom cyber evaluation for a fraction of the cost. A comprehensive report, on-line analytics, and cyber experts augment small IT departments and help CEOs assure customers and regulators that sensitive information is locked down as tight as the cash in the vault.

MEDICI Analysis

atRisk Technologies is a cyber-network consensus SaaS company that provides automated digital forensic investigation for enterprises. The company leverages advanced machine learning and sources data both externally and internally to perform a security penetration test.

Focus

PRODUCTS & SERVICES

atRisk offers assessment tools and forecasting solutions for financial institutions in the cyberspace. It offers InVictus Cognitive Cyber Defense Platform that leverages machine learning and big data to forecasts cyberthreats for organizations and businesses. The platform helps banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. atRisk enables automation of cyber maturity levels, compliance scoring and enterprise risk management which are delivered via an electronic strategic roadmap.

REVENUE MODEL

SaaS - different level of plans for threat protection, Data Privacy Officer, CISO in a box

EXISTING PARTNERSHIPS

Partnered with IBM technology firm to help organizations measure and assess their current cyber security posture.

PRIMARY PROBLEM SOLVED

Small or medium financial institutes you don't have a large staff protecting your valuable data files and keeping an eye on cyber crime tactics. That's why we built @RISK. We've designed a comprehensive assessment tool to help banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. We let you know where your weaknesses lie and who may be trying to get inside your defenses. One scorecard tells you what you need to fix and lets you know how you stack up compared to other banks. Our team of professionals give customers $300,000 worth of top-to-bottom cyber evaluation for a fraction of the cost. A comprehensive report, on-line analytics, and cyber experts augment small IT departments and help CEOs assure customers and regulators that sensitive information is locked down as tight as the cash in the vault. http://atrisktech-3023549.hs-sites.com/blog

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

We are focusing on 12 focus group customers and want to get to 12 new a month putting us to approximately 3.7M in year one.

NUMBER OF TRANSACTIONS:

7.00

TRANSACTIONS VALUE:

30 K

TRANSACTIONS COMMENT:

The company has built 3 loyal focus group customers in March 2017. We recently are aligning in strategic Pilots with T-Mobile & Arrow Inc.

ACTIVE USERS:

30

ACTIVE USERS COMMENT:

Product went live in Feb 2017 we have added some marquis pilots that are internationally known. We have signed major US Corporations.

People

FOUNDERS

Stan Blanton

Darren Morris

BOARD MEMBERS AND ADVISORS

Rick Santorum

MIke Lohner

Darin Brannan

MG Dave Scott

Brad Cook

Sean OBrien

Darren Morris

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Darin Brannan

KEY EMPLOYEES:

Sean O'Brien

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Oct 2017

LISTED

NO

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@RISK Technologies

About

If you are like most small or medium financial institutes you don't have a large staff protecting your valuable data files and keeping an eye on cyber crime tactics. That's why we built @RISK. We've designed a comprehensive assessment tool to help banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. We let you know where your weaknesses lie and who may be trying to get inside your defenses. One scorecard tells you what you need to fix and lets you know how you stack up compared to other banks. Our team of professionals give customers $300,000 worth of top-to-bottom cyber evaluation for a fraction of the cost. A comprehensive report, on-line analytics, and cyber experts augment small IT departments and help CEOs assure customers and regulators that sensitive information is locked down as tight as the cash in the vault.

Focus

PRODUCTS & SERVICES

If you are like most small or medium financial institutions you don't have a large staff protecting your valuable data files and keeping an eye on cybercrime tactics. That's why we built @RISK. We've designed a comprehensive assessment tool to help banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. We let you know where your weaknesses lie and who may be trying to get inside your defenses. One scorecard tells you what you need to fix and lets you know how you stack up compared to other banks. Cyber Situational Awareness is achieved by measuring the Cyber Attack Surface. It’s better to detect sinister intentions early then to respond to compromised networks and conduct cyber forensics actions late! @RISK Technologies employs and emphasizes the network-saving importance of cyber situational awareness. Left of Bang, is a reference to the cyber attack timeline of a cyber incident. “Bang” is when malware is deposited, the attack begins, or damage is done. On a timeline moving from left to right, “right of bang”” is what happens after the incursion begins. In the worst-case scenario, you’re a casualty when you are to the right of bang. Therefore, you need to stay to the Left of Bang! In that area you need to be alert, ready, prepared, and able to respond before the bad stuff happens. Getting Left of Bang and achieving situational awareness is possible by recognizing certain revealing characteristics that will enable one to detect potential attackers in time to avoid or upset their nefarious intent. A WIN - WIN: The complexity in threat, solution provider offerings, and the types of insurance policies are increasing. Regardless if you are a Cyber Defender or looking to be Cyber Insured, the added stress of finding the right coverage or technology is becoming increasingly difficult to discern, add to the fact that the economic impact of cyber risk is increasing by the day, finding the right solution is tough. Regardless of what a company decides, one thing is glaringly obvious to even the most casual observer: The cost of inaction and miscalculation could deliver to an organization a terminal business proposition. Forget the reputational damage, the MME has seen Companies cease to exist. The cyber marketplace for security and insurance have to evolve with the evolving threats. Both Cyber Security Professionals and Cyber Risk managers are looking for better ways to fuse new products in order to better address emerging risk and exposure. In parallel to technical advancement, insurers are evolving to accommodate exclusions in conventional property and casualty forms. There is no shortage in providing help to those companies that need it. New Cyber Companies are constantly being funded and insurance policy creation is sitting at over $800m in total capacity now available to insureds looking for protection. The selection is improving monthly with policy forms and their coverage features varying considerably. @RISK Technologies is partnering with the Insurance Industry. We want to reduce the complexity and bridge gaps in the limitations of traditional cyber insurance underwriting by providing those who underwrite risk with a detailed Cyber Attack Surface Measurement. We further ensure that risk is kept low by delivering product options that include daily, weekly, monthly, and quarterly automated insight and remediation. @RISK has developed InVictus, our "Left of Bang" product that leverages machine learning and is an attack surface measurement platform. We have partnered with IBM to augment our cognitive computing expertise on a stable and industry accepted technology. Our focus is to reduce the impact of the challenges that arise in business and measuring risk and exposure. @RISK is helping industries evolve away from practices of applying a legacy, event-based methodology to a more sophisticated and timely approach. InVictus is able to assess complex and sophisticated threats in a constantly changing cyber landscape by providing a Crayola crayon simple interface that enables Companies to manages their cyber landscape: Left of Bang, or before the incident. In other words, beyond just a cyber risk assessment for management purposes, or a limited summary of a company’s cyber security practices for risk transfer purposes, @RISK Technologies is contributing to industry-wide security through its machine learning analytics. Leveraging a Cognitive Computing platform our customers will bolster their company’s security posture and cyber situational awareness. @RISK enables executives to get ahead of the threat (Left of Bang) and assists them to measure their security posture against the very best practices from a composite of domestic and global security standards and scored against peer companies in identical verticals. DUE DILIGENCE REDEFINED: Cyber threats are ubiquitous and complex, mandating more than traditional endpoint fortifications such as firewalls or antivirus solutions. As a result, the process for quantifying cyber risk is changing to cyber situational awareness. @RISK Technologies delivers a unique "Left of Bang" approach that amplifies a traditional due diligence and for our insurance channel partners, it literally embeds the application phase of insurance while providing a quick turnaround for an organization's security profile prior to submitting an application. Its monthly support is less than the cost of a full-time employee Its monthly roadmap is based on international and national industry standards, @RISK "Network Consensus" technology provides a holistic posture and overall maturity of security practices by automating post-incident forensics into pre-incident discovery. It all starts with gathering intelligence from a NO RISK Left of Bang" in-depth Cyber Attack Surface Measurement. This situational awareness generating strategy becomes a critical part of the underwriting process and instrumental in the premium setting. @RISK partners no longer need to rely on predominantly insufficient pre-binding checklists that focus on IT sensors, standard controls and previous security incidents in the decision-making process. @RISK Technologies evolves both the insurance professional and the insured away from the traditional methodology, as these past approaches are fundamentally flawed and insufficiently examine the impact of all of the organization’s investments, nor do the assist in telling companies how to reduce the most significant risks. @RISK and its partners are able to go beyond today's status quo because: Past checklists are often completed by non-security personnel and are static. They rely on self-reporting and are rarely considered as security measures beyond traditional data security controls, nor the consider the critical role of human behavior in defense of cyber security. @RISK's Cyber Attack Surface Measurement and Cyber Situational Awareness follows the age old principle of: "measure twice, cut once." During our risk measurements and situational awareness shaping phase, our team works with customers to present holistic threat assessments, deterrent capabilities, and existing gaps to our customer during two separate reporting cycles. This means prior to any submission, our experts jump in to assist our customer. @RISK provides our customers and our insurance partners with situational awareness of: People/Staff Processes Technology Data Privacy By Design Enterprise Risk As the ecosystem is the new attack vector, @RISK's cyber situational awareness goes beyond even today's emerging standards for a holistic cyber risk assessment because it measures all aspects of our customers' business ecosystem. @RISK incorporates all the polymorphic intricacies to include external business dependencies, such as the vulnerabilities introduced by every supplier, sub-supplier, and vendor into the applicant’s corporate ecosystem. This is not a checklist, @RISK references global checklists and provides a holistic examination of subsystems that may or may not be contributing properly to deter a cyber loss event. Finally, a win-win for the market: Costly post-incident forensic engagements are automated and done on a daily, weekly, monthly or quarterly review depending on the customer's prescribed risk tolerance.

REVENUE MODEL

SaaS - different level of plans for threat protection, Data Privacy Officer, CISO in a box

TOP PROBLEM SOLVED

Small or medium financial institutes you don't have a large staff protecting your valuable data files and keeping an eye on cyber crime tactics. That's why we built @RISK. We've designed a comprehensive assessment tool to help banks measure risk and exposure in their workforce, policies and procedures, data files, and equipment racks. We let you know where your weaknesses lie and who may be trying to get inside your defenses. One scorecard tells you what you need to fix and lets you know how you stack up compared to other banks. Our team of professionals give customers $300,000 worth of top-to-bottom cyber evaluation for a fraction of the cost. A comprehensive report, on-line analytics, and cyber experts augment small IT departments and help CEOs assure customers and regulators that sensitive information is locked down as tight as the cash in the vault. http://atrisktech-3023549.hs-sites.com/blog

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

We have developed the platform as a Hybrid Cloud Strategy - our onsite edge collectors pass analytic summaries to the core where we run advanced machine learning beyond what happens at the edge. We have built a cognitive library where human rules are correlated with naturally occurring rules from on site. @RISK Privacy by Design is fundamentally different. @RISK follows highly methodical and automated approaches to the fusion of system engineering by integration with systems theory. This approach ensures accounting at the system and sub system level of the data life cycle while also embedding accountability for both the role of the actual data holder and the system designer. Additionally, @RISK technology has a separate Risk Module that incorporates the Privacy by Design Module into areas of Cyber Insurance, key legal agreements within the traditional Business Ecosystem and Critical Infrastructure. @RISK implements Privacy by Design through a multi-phased approach that is embedded within a “whole-of-effort” analytic and engineering process. We refer to this as a “Network Consensus” approach to CyberSecurity. Network Consensus is a Cyber implementation of agreement dynamics, an intersection between system engineering, systems theory and graph theory. Cyber Security is characterized by the fact that a Network is composed of multi -agent systems that contain processes. The problem today is that the collections of interacting agents are built competitively, and are not designed to achieve a common goal of network defense. This in turn forces organizations to engage in an expensive and timely process called Digital Forensic Investigation. @RISK’s Network Consensus eliminates typical DFI cost and expense. It applies advanced proprietary machine learning technologies together with Digital Forensic Investigation trade craft and best practices to cognitively arrange the digital assets in a manner that enables secure, privacy-protected and efficient information flow. This tradecraft and statecraft drives @RISK analytics and has led to a new kind approach which we refer to as “Left of Bang” Cyber Situational awareness. This new form of Situational Awareness transforms post incident digital forensic investigation using machine learning to enable an organization to reach a consensus or agreement and achieve pre-incident discovery. Operating like an edge or distributed constraint reasoning approach, Network Consensus is a novel, innovative, disruptive and bonafide system science approach to Cyber. The technology behind Network Consensus is governed by the interconnected analytic summaries that are hyper indexed to tomographic libraries. The results include: • a holistic view of cyber risk • a singular view of interaction between network elements, systems and subsystems and their embedded environment, and the ability to detect the previously undetectable.

KEY DIFFERENTIATORS

Cognitive computing Statistical Inferencing that addresses traditional problems with Brewers Cap Theorem Scalable and advanced machine learning calculates a higher probability of bad and reduces false positives. We are opening channels very early on in our sales cycle

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

On-premises

STRATEGIC CLIENTS AND PARTNERSHIP

Citizens and Northern Bank : Focus group customer

Traditions Bank : Focus group customer

Cullman Savings Bank : Focus Group customer

T-Mobile : Pilot Customer

Traction

ANNUAL REVENUE:

$0 - $99k

REVENUE COMMENT:

We are focusing on 12 focus group customers and want to get to 12 new a month putting us to approximately 3.7M in year one.

NUMBER OF TRANSACTIONS:

7.00

TRANSACTIONS VALUE:

30 K

TRANSACTIONS COMMENT:

The company has built 3 loyal focus group customers in March 2017. We recently are aligning in strategic Pilots with T-Mobile & Arrow Inc.

ACTIVE USERS/ACCOUNTS:

30 Million

ACTIVE USERS COMMENT:

Product went live in Feb 2017 we have added some marquis pilots that are internationally known. We have signed major US Corporations.

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Aggressive sales strategy and leveraging IBM partner ecoystem

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

5

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

We have done this before,sold our first company,are dedicated to have more fun this time.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

YES

FUNDING SERIES
Seed
Feb 2017
USD1.5 M
at a USD10 Mvaluation
Comment on Seed
Friends and family round raised 1.5 Million USD. We are focusing on sales and proving out our customer base.

Comment on Valuation

Post money