SINGAPORE, May 21, 2024
/PRNewswire/ -- SquareX, with its innovative browser native
security solution, was awarded the "Most Promising Startup for Best
Overall Performance" at the Cyber Entrepreneurship Summit held at
Nasdaq Entrepreneurial Center in San
Francisco on the same day as the
start of RSA. This prestigious event was attended by more
than 100 CISOs of NASDAQ-listed companies, including
representatives from Marriott, Nordstrom, Notion, Socure, Verily
LifeSciences, OpenDoor, Grail, Flex, Elastic, Human Interest,
CoreLight, Booking.com, and more.
The full-day in-person master class style event covered various
domains of cyber entrepreneurship, including ideating, raising
funding, building, marketing, and selling, providing a
comprehensive guide for aspiring cyber entrepreneurs. The cyber
security community gathered here to not only encourage the next
generation security companies that are being built but also to
discuss the challenges their organisations were facing in the
current threat landscape.
The afternoon session featured a Cyber Startup Showcase,
allowing founders in Silicon Valley and beyond to pitch their
startups and products to a panel of distinguished judges: Aaanchal
Gupta (CVP at Microsoft), Coleen
Coolidge (prev. CISO at Twilio, Segment), and Lakshmi
Hanspal (prev. CISO at Amazon, Box, SAP). The competition was
intense, with both judges and audience asking thought-provoking and
challenging questions after each presentation. These questions
aimed to gauge the presenter's understanding of the market,
evaluate the efficacy of the product being pitched, understand the
pain-point the startup is addressing and learn more about the
credentials of the founder and the founding team.
SquareX's founder and CEO, Vivek
Ramachandran, began his presentation by discussing how
attackers have become more sophisticated, employing multi-channel
attacks to target multiple employees through various mediums like
social media, email, and Slack, often for ransomware attacks. He
highlighted the struggles enterprises face, even those equipped
with the best Endpoint Security and Secure Web Gateway solutions,
in attributing attacks due to zero visibility in the browser and
the lack of application context and understanding of user actions
at the time of the attack. Vivek further explained that SquareX's
enterprise solution is designed to address these challenges by
running in the browser. This allows it to detect multi-layer
attacks with a full understanding of browser DOM changes and user
interactions by running detection models in the browser, enabling
zero-lag detection and mitigation. This approach contains threats
upstream before they reach the endpoint device itself.
After the pitch, the judges asked interesting questions to
understand the market size, such as, "Since SquareX is focusing
only on web-based attacks, what percentage of attacks happening
today are web-based?" They also asked multiple questions about how
SquareX's attack attribution and graphs work in real time, the
technology behind the immediate mitigation and threat hunting tools
provided to enterprises, and other aspects to further understand
the product's efficacy. The audience resonated with the problem
presented and the questions asked by the panel. Following the
presentation, many CISOs approached Vivek
Ramachandran, the founder, to discuss how their enterprises
face similar challenges and expressed interest in exploring
SquareX's enterprise solution for their companies.
"We are honored to receive this award and be recognized among
such esteemed peers, especially by a panel of judges who have had
distinguished careers as CISOs," said Vivek
Ramachandran, founder and CEO of SquareX. "The browser is
the most used application today in the enterprise and,
unfortunately, also the gateway for most attacks. Our product
allows enterprises to detect, mitigate, and threat-hunt web attacks
happening to enterprise users in real time," added Vivek Ramachandran.
SquareX's recognition as the "Most Promising Startup for Best
Overall Performance" underscores its exceptional performance and
rapid growth the company has been seeing since its inception just a
year back. With over 200,000 users globally, the company unveiled
its Enterprise solution at RSA the
same day as Entrepreneurship summit and is humbled by the response
received for its one of kind attack vectors and threat detection
graphs that are a part of its enterprise solution.
For more details on SquareX's participation at the summit, read
their blog post here.
About SquareX: SquareX helps organisations
detect, mitigate and threat-hunt web attacks happening against
their users in real time. With our innovative browser-native
security product, SquareX safeguards enterprise users from a
spectrum of web-based threats, encompassing malicious files,
websites, scripts, and compromised networks.
Available on the Chrome and Edge stores, the SquareX browser
extension has not only been awarded as "featured extension" by
Chrome store but has also earned over 200,000 users globally in
less than a year.
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SOURCE SquareX