A Year in Review: SecurityScorecard in 2019

By Phoebe Fasulo

Posted on Dec 27, 2019

As we come to the end of another year, SecurityScorecard is excited by the momentum in our market. When founders Alex Yampolskiy and Sam Kassoumeh started SecurityScorecard (SSC), it was out of frustration. As a former Chief Information Security Officer (CISO) and security practitioner (at companies like Goldman Sachs, Oracle, Gilt Groupe) respectively, they felt the methods for assessing vendor risk were inefficient, incomplete, and simply check-the-box compliance. Moreover, they never knew the true ROI of their security efforts and how it benchmarked against similar organizations or competitors. Founding SSC was done as a commitment to an audacious vision: make the online world safer, through security ratings.

As we look back at 2019, it’s clear that cybersecurity risk ratings became mainstream and SecurityScorecard was delighted to lead that charge. With our security ratings, customers can now see what their adversaries see - from the outside looking in. As companies continue to incorporate scorecards into their operations, they’re saving time, improving the efficiency of their vendor risk management programs and adding new capabilities to their own continuous self monitoring. In addition, CISO’s and their teams now possess a toolbox and framework for effectively communicating risk to their C-suite and Board of Directors.

SecurityScorecard is taking our leadership in this market seriously. With the additional $50 million in capital raised this year, we are investing extensively in innovation and growth - with our customers and the greater ecosystem reaping the benefits. Here is a short list of some of our accomplishments and fun facts from the past year:

Growth and accolades

  • Significant customer growth with over 400+ new logos in 2019, joining our ranks, of over 1000+ customers worldwide
  • SecurityScorecard customers currently span across 42 countries, with sales in Asia Pacific growing 720% YoY. In Japan alone, there was over 700% customer growth
  • Significant growth in Professional Services usage by over 600%, 127% in Financial Services, and 151% in Manufacturing
  • 7 of the top 10 pharmaceutical companies are our customers
  • 5 of the 6 top payment processors chose SecurityScorecard
  • We are thrilled that 97% of customers recommend SecurityScorecard, according to Gartner Peer Insights - and recognize our commitment to Customer Service
  • Customers have rated SecurityScorecard a 4.6 out of 5 stars on G2 with a rating of 9.7 out of 10 for ease of setup and 9.9 out of 10 for quality of customer support
  • SecurityScorecard was awarded the 2019 Cyber Defense Awards for Best Product: Risk Management, Most Innovative: Risk Ratings Platform and nominated for SC Magazine’s 2020 award for Best Customer Service - winner to be announced in February

Innovation

  • Over 1.1 million companies are monitored and rated by SecurityScorecard daily; we identify over 10 billion vulnerabilities per week, leading to the most complete and accurate ratings in the market
  • We’re the only security risk ratings company committed to transparency by publicly exposing our methodology and publishing accuracy KPIs on our Trust Portal
  • Our malware sinkhole is now capturing 800 million malware callbacks per day resulting in identification of over 6 million unique infected IPs per day. This is roughly 6x larger than at the start of 2019!
  • Our new Custom Scorecard feature enables users to divide and score segments of their company (or a partner’s organization), including business lines, subsidiaries and organizational departments
  • We introduced ‘Platform Globalization,’ which allows large, global organizations to communicate security risk across multiple languages, including Japanese, German and French
  • According to Forrester’s Total Economic Impact, SecurityScorecard accelerates the vendor risk assessment process by 75%

Through a combination of funding from elite investors, a wave of industry change-makers joining our executive team and some fantastic new logos added to our roster, it’s been thrilling to watch SecurityScorecard take flight as the global market leader in security ratings.

SecurityScorecard is honored to have a team of 250+ dedicated, highly intelligent and creative people who strive to make the online world a safer place for everyone. We look forward to delighting our customers in 2020 by offering additional products and best-in-class services to make SecurityScorecard an invaluable part of their business.

Cheers to a new year!

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