SOURCE: Co3 Systems

Co3 Systems

Co3 Systems

February 04, 2014 10:02 ET

Co3 Systems Selected as Finalist for RSA® Conference's Annual Innovation Sandbox

Co3 Recognized for Revolutionizing Security Incident Response Management

CAMBRIDGE, MA--(Marketwired - Feb 4, 2014) - Co3 Systems, a pioneer in Incident Response Management Systems (IRMS), today announced that it has been named one of ten finalists for RSA® Conference's 2014 Innovation Sandbox program. On Monday, February 24, Co3 Systems will have the opportunity to demonstrate its security innovation to the Innovation Sandbox panel of judges for a chance to be named "Most Innovative Company at RSA Conference 2014."

Innovation Sandbox promotes new approaches to technology, provides advice and counsel for entrepreneurs and exposes the RSA Conference community to venture capitalists, industry experts, senior level business practitioners and thought leaders.

"Being named to the top ten is an indicator of great things to come for our Innovation Sandbox finalists," said Alex Bender, General Manager of RSA Conference. "Past winners and finalists have validated this honor through growth, acquisitions and funding. We expect similar results for the 2014 group and look forward to watching these organizations continue to succeed for years to come."

For more than two decades, the security industry has innovated significantly on detection and prevention. However, incident response is handled the same way despite continuing incidents with devastating consequences. As a result, when a breach hits, organizations struggle to respond swiftly and decisively. When breaches were less common and the stakes were lower, this may have sufficed. Today, this approach leads to slow response times, botched response attempts, fines and consent decrees, class action lawsuits, customer attrition and sliding share prices.

Co3 has transformed incident response from a chaotic, stressful and manual process to one that is decisive, orderly and automated. By automating these critical procedures and informing them based on incident response best practices, industry frameworks and compliance requirements, Co3 ensures effectiveness, accuracy and compliance, while reducing expense and risk.

"Organizations today not only have to defend against a wide array of constantly evolving cyber threats, but must also be ready for the inevitable security incidents," said John Bruce, CEO at Co3 Systems. "Over the last two months alone, we've seen some of the most recognized brands, like Target, Neiman Marcus and Snapchat get breached, and they're simply the most public. Security is a combination of protection, detection and response, yet incident response has long been neglected by security vendors. We're changing that and excited to present Co3 at this year's Innovation Sandbox."

The "Most Innovative Company at RSA Conference 2014" winner will be determined at the conclusion of Innovation Sandbox, after each finalist gives a short presentation to a panel of judges that includes Asheen Chandna, Partner at Greylock Partners; Gerhard Eschelbeck, Chief Technology Officer and Senior Vice President of Sophos; Alastair Goldfisher, Editor of Venture Capital Journal; George Hoyem, Investment Partner at In-Q-Tel; Paul Kocher, President of Cryptography Research and Katie Moussouris, Senior Security Strategist Lead at Microsoft.

Additional information about the "Most Innovative Company at RSA Conference 2014" contest and Innovation Sandbox program can be found at:
www.rsaconference.com/TheSandbox

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Twitter: @co3sys

About Co3 Systems:
Headquartered in Cambridge, MA, Co3 Systems is an innovator in Incident Response Management solutions. The company's SaaS-based offering enables organizations of all sizes to efficiently prepare for and rapidly manage the response process for Security incidents or Privacy breach events. Companies using Co3 demonstrably minimize the costs resulting from incidents. With funding from Fairhaven Capital, the company's executive team and advisors comprised of security experts from world-leading security, software and service organizations. On the web at www.co3sys.com.

About RSA Conference RSA Conference helps drive the global information security agenda with annual events in the U.S., Europe, and Asia. Since 1991, RSA Conference consistently attracts the best and brightest in the field, creating opportunities to learn about information security's most important issues through face-to-face and online interactions with peers, luminaries and emerging and established companies. As information security professionals work to stay ahead of ever-changing security threats and trends, they turn to RSA Conference for a 360-degree view of the industry. RSA Conference seeks to arm participants with the knowledge they need to remain at the forefront of the information security business. More information on events, online programming and the most up-to-date news pertaining to the information security industry can be found at www.rsaconference.com.

Contact Information

  • Contact:
    Jennifer Torode
    CHEN PR for Co3 Systems
    Email Contact
    (781) 672-3119