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SERVICENOW INC.

(NOW)
  Report
Delayed Nyse  -  04:00 2022-09-27 pm EDT
378.95 USD   +2.39%
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Balbix Announces New Integrations with Servicenow to Further Automate and Improve Cyber Risk Quantification

08/08/2022 | 09:00am EDT

Balbix announced new integrations with ServiceNow. As a result of the integrations, customers can automatically augment cyber risk data with business context and integrate remediation efforts with their existing security and IT workflows. CISOs can eliminate thousands of hours from the time required to operationalize cyber risk quantification (CRQ) in dollars and close the gap between cybersecurity and the business.

The integration with ServiceNow's configuration management database (CMDB) allows Balbix customers to automatically ingest business context from their CMBD into the Balbix platform and combine it with asset, vulnerability and risk data from their other IT and security tools, and Balbix sensors to create a unified cyber risk model presented in dollars. Data is automatically deduplicated, correlated and inferenced to drastically reduce the manual labor required for teams to add business context to cyber risks, and prioritize and measure them. For example, with the integration businesses can now: Measure and report on the dollar amount of risk by business unit, business leader, asset type, application, regulatory requirement and geographic location (cities, countries, regions).

Quantify the dollar amount of risk related to externally facing assets, internal assets, assets that the IT department manages, and assets not managed by the IT department. Businesses are struggling to report concrete CRQ results with 62% indicating they cannot calculate their breach risk in monetary terms, according to Balbix's own 2022 State of Security Posture Report. Furthermore, according to the report, 51% of organizations indicated they lack continuous visibility into asset inventories making it difficult to correlate risk with business context, and instead relying on siloed tools, manual workflows, and qualitative analysis to quantify the exposure.

In addition to automating advanced CRQ capabilities, the integration with ServiceNow IT Service Management (ITSM) further eliminates manual effort by enabling security teams to create ServiceNow remediation tickets from within Balbix. This enables security and IT teams to increase productivity by using a familiar and shared system for remediation workflow. Moreover, security analysts can create tickets to remediate a vulnerability for a single impacted asset or for a group of assets to specify remediation tasks more efficiently and reduce the mean time to remediate (MTTR) risk issues.


© S&P Capital IQ 2022
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Financials (USD)
Sales 2022 7 313 M - -
Net income 2022 247 M - -
Net cash 2022 3 027 M - -
P/E ratio 2022 313x
Yield 2022 -
Capitalization 76 402 M 76 402 M -
EV / Sales 2022 10,0x
EV / Sales 2023 7,80x
Nbr of Employees 16 881
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 35
Last Close Price 378,95 $
Average target price 557,69 $
Spread / Average Target 47,2%
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Managers and Directors
William R. McDermott President, Chief Executive Officer & Director
Frederic B. Luddy Chairman
Chris Bedi Chief Information Officer
Chirantan C. J. Desai Chief Operating Officer
Jeffrey Andrew Miller Lead Independent Director
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