PHILADELPHIA & ATLANTA, February 18, 2014 – NetDiligence®, and CloudeAssurance, Inc., a division of eFortresses, Inc., today announced a strategic alliance to address the issue of increased risk and liability inherent in the use of third-party cloud service providers (CSPs).
As part of the agreement, NetDiligence will begin including CloudeAssurance’s cloud security scores as a value-added component of its enterprise-wide cyber risk assessment services which serve the risk management needs of cyber liability insurers and their policyholders.
“A major concern for cyber liability insurers and insured organizations that rely on cloud computing is whether the cloud service provider has appropriate data security and privacy practices in place, both locally and throughout their supply chain,” explained Mark Greisiger, president of NetDiligence®. “NetDiligence and CloudeAssurance have each been actively working to identify and quantify cloud risk. It makes sense for us to join forces to elevate the issue and promote awareness of the risks associated with cloud computing.”
“The high adoption rate of cloud computing services has created a real need for an industry-wide standard of due-diligence management of security, compliance, cloud governance and cloud risk management on the part of cloud service providers, cloud customers, cloud auditors and cloud brokers,” noted Taiye Lambo, founder of CloudeAssurance. “This, in turn, has created a need for cloud assessment and certification, so that cloud service providers can prove they adhere to appropriate and reasonable standards of data security and privacy. We’re delighted that NetDiligence has chosen to include data from our Cloud Security Benchmark Study in the hundreds of cyber risk assessments they conduct each year.”
The inclusion of CloudeAssurance cloud security scores in NetDiligence’s popular cyber risk assessments is the first of several joint initiatives being planned by the two companies. On April 2, 2014, Mark Greisiger will be participating with Taiye Lambo in CloudeAssurance’s next webinar Cloud Security Benchmark: Top 10 Cloud Service Providers Q1 2014 scheduled for April 2, 2014 at 11:00am EDT.
NetDiligence® is a cyber risk assessment and data breach services company. Since 2001, NetDiligence has conducted thousands of enterprise-level cyber risk assessments for a broad variety of organizations, including public entities, financial services, retailers, online auctions, B2B service providers, software developers, medical providers and universities. NetDiligence services are used by leading cyber liability insurers in the U.S. and U.K. to support both loss-control and education objectives. As a complement to its assessment services, NetDiligence hosts a biannual Cyber Risk & Privacy Liability Forum that is attended by risk managers, privacy attorneys and cyber liability insurance leaders from all over the world. NetDiligence is also an acknowledged leader in data and privacy breach prevention and recovery. Its eRisk Hub® portal (www.eriskhub.com) is licensed by a great majority of cyber liability insurers to provide ongoing education and breach recovery services to their policyholders. NetDiligence technical experts assist many of these insurers with cyber liability claims investigations. To learn more about NetDiligence’s cyber risk assessment and data breach services, please visit www.NetDiligence.com.
About CloudeAssurance Inc.
CloudeAssurance, Inc. is the software division of eFortresses, Inc. focused on Cloud Security Scoring through a Software-as-a-Service (SaaS) subscription model. eFortresses, Inc. is a 12-year old Cyber Security & Governance, Risk Management, and Compliance Solutions company and a 2013 Gartner Cool Vendor in the Risk Management and Compliance category with a focus on cloud computing security. CloudeAssurance’s Rating System is based on a proven “holistic approach” to Security & GRC management field tested over 10 years by eFortresses, Inc. CloudeAssurance platform facilitates a 3-step self-assessment and independent validation process producing a validation score and seal approved by the Cloud Assurance Assessor Program (CAAP) oversight board under the Holistic Information Security Practitioner Institute (HISPI), an independent professional certification body. To learn more about CloudeAssurance and CAAP, please visit www.CloudeAssurance.com.
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