UST Global Announces Strategic Investment in Israel-Based XM Cyber
Thiruvananthapuram: UST Global, a leading digital transformation solutions company, has announced an investment in Israel-based XM Cyber. XM Cyber is a multi-award-winning provider of the first fully automated APT simulation and remediation platform. UST Global participated in the latest funding round of XM Cyber, amongst other investors. XM Cyber provides a fully automated APT Simulation Platform to continuously expose attack vectors, above and below the surface, from breach point to any organisational critical asset. XM Cyber was founded by executives from the elite Israeli intelligence sector. Together they bring a proven track record in both the offensive and defensive cyber security domain. XM Cyber's customers include leading financial institutions and critical infrastructure organisations across North America, Europe, Israel and Australia. CyberProof, UST Global’s cyber security company, and XM Cyber will work on an integrated solution to enable the first cyber risk-managed service for global clients. CyberProof dramatically changes the way managed security services are delivered, and together with XM Cyber, ensures an organisation’s risk posture is clearer than ever. Commenting on the investment, Sajan Pillai, CEO, UST Global, said, “Investing in XM Cyber is our strategic move towards building an integrated managed security service. Our vision is to enable our global clients to manage their cyber risk with a measurable outcome, by understanding and measuring the highest risks. XM Cyber’s APT simulation platform HaXM integrated with the CyberProof Defense Center (CDC) platform is the first managed security service to do this. We look forward to collaborating on our joint efforts.” “We are proud to be part of this round of funding, coming at a critical juncture in XM Cyber's rapid expansion,” said Yuval Wollman, Chief Cyber Officer, UST Global. “This investment includes a strategic sales and integration agreement with CyberProof to manage cyber risk as a measured outcome. The joint solution will appeal to many of our clients who are seeking to cost-effectively reduce their cyber risk exposure.” "We are thrilled to have earned UST’s trust and support, and look forward to a successful and lasting partnership," said Noam Erez, CEO and Co-founder, XM Cyber.