ALSO partners with CYE: HyverLight helps SMBs to Achieve Cyber Resilience

In recent years, SMBs have seen a drastic increase in cyberattacks, which has accelerated exponentially since the onset of Covid-19 and the explosion of eCommerce companies. Today, 43% of all cyberattacks target small businesses. SMBs lose over $2.2 million USD on average a year due to cybersecurity breaches, and 60% of them go out of business within 6 months of falling victim to cybercrime. “Today’s cyberattacks can destroy the core of any small and medium-sized business, taking many key players out of the market, ultimately having negative repercussions on the larger economy,” said Reuven Aronashvili, Founder and CEO of CYE. “CYE provides SMBs with an accurate cybersecurity approach that will assess real threats to their business and provide needed protection without breaking the bank. We are happy to be partnering with ALSO Holding AG to help as many SMEs as possible in their cyber transformation.”

HyverLight is designed to provide a continuous automated cybersecurity assessment of main threat environments for SMEs by using advanced algorithms and graph modeling that conduct precise cybersecurity assessments covering the entire organization and third-party vendors. The platform offers a single enterprise-level solution enabling companies to prevent attacks before they occur and gain insight on where limited resources should be invested.

The three main components of the platform include:

Attack Surface Tracker - Enables organizations to have full control of their cybersecurity posture by continuously monitoring the attack surface for vulnerabilities and misconfigurations, using non-intrusive methods and a fully automated monthly scan.

Azure Security Tracker - Tracks the accuracy of Azure security in the cloud, which is essential to SMEs, as more and more companies are moving to the cloud.

Internet Perimeter Tracker - Provides a continuous and comprehensive view into the potential entry points that an attacker could take in order to gain access into the organization.

“HyverLight is a unique opportunity for our partners. The tool offers a comprehensive assessment of their cybersecurity risks as well as an optimization and mitigation strategy,” said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN). “Since HyverLight is tailored specifically for SMBs, it enables resellers to expand their as-a-service portfolio and further monetize the digital workplaces.”