180m Series 290msawersventurebeat
To learn about the type of Internet and software security risks your business is exposed to, you can subscribe to the Security Scorecard, which offers comprehensive and transparent reports on email and website hacking rates and other indicators. With a database of more than 1 billion records, the company has been assessing companies’ digital risks since 2007. Its assessment is based on real data that comes from sources such as public filings with the US Securities and Exchange Commission and insurance claims from firms such as Allstate and Chubb. The company has raised $180 million in Series E funding, bringing its total since its founding in 2007 to more than $290 million.
Security Scorecard generates a growing number of customers. The staff at the company’s headquarters, located in Washington, D.C., extends beyond internal security professionals to include CIOs, chief risk officers, information security executives and compliance officers, among others. The funding will help Security Scorecard expand its global sales and marketing teams.
“We’ve found that the biggest barrier to security in general is a lack of measurement,” says John Kindervag, vice president and principal analyst at Forrester Research. SecurityScorecard comes close to providing only the three data points you need to understand how you’re doing.”
Kindervag believes that SecurityScorecard’s biggest challenge going forward will be managing its growth. “Not only do you have to grow the company, you have to grow the four legs of that chair—data, engineering, product, and sales and marketing,” he says. “When you’re a private company, you can reach within yourself and find those resources. But when you bring in a lot of money from new investors, it presents different challenges.”
Safety ratings are generated using our own methodology. Company data is made available to customers through its website and through subscription-based messaging. “We provide customers with a complete picture of their security posture,” says Matt Moyer, CEO of SecurityScorecard. “We can tell you how your site stacks up against other sites and how legitimate your email communications are.”
The company was founded in 2007 by David Callisch and Peter Tran, who are still its CEO and COO. The duo worked as security engineers at McAfee. They created SecurityScorecard after seeing a need to provide organizations with a comprehensive metric of their security strengths and weaknesses. “We felt we could provide customers with data that would help them make better cybersecurity decisions—not just one metric, but the big picture of their security posture,” says Callisch.
Since its inception, SecurityScorecard has established itself as a trusted advisor for companies serious about improving their security.
Each year, the company analyzes more than 400 million data records across nine dimensions of digital risk. This includes domains, internal email addresses and websites. Security Scorecard also scores SSL certificates from over 100 providers. The company’s data is obtained from a combination of sources. Including the public domain—such as SEC filings—as well as its own data that it continuously collects.
Security Scorecard has been around for nine years, but has only recently started expanding its business. Moyer joined the company in May 2016 with a mandate to help Security Scorecard grow its business. And accelerate the pace of innovation.
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