Phosphorus and Its Enterprise xIoT Security Platform was Named One of Just 16 Standout Companies Worldwide to Address Key Security Challenges
NASHVILLE, Tenn.–(BUSINESS WIRE)–Phosphorus, the leading provider of advanced and full-scope security for the extended Internet of Things (xIoT), today announced it was named a winner of the SINET16 Innovator Award for 2022. The annual SINET16 awards recognize the most innovative and compelling technologies that address cybersecurity threats and vulnerabilities.
Phosphorus was selected from a pool of 194 applications from 18 countries, following two rounds of evaluation by the SINET Judging Committee composed of 117 private and government security professionals that include leading risk executives, experts in government intelligence and defense agencies, venture capitalists, and investment bankers.
“We are honored to receive this prestigious award and we appreciate SINET’s recognition of our efforts to address the widespread security challenges in xIoT,” said Chris Rouland, CEO of Phosphorus. “The rise of xIoT technologies have created a vast new attack surface which has long been overlooked. This award is validation of our team’s hard work and commitment to solving one of the most important security issues facing all organizations today, from Fortune 500s to critical infrastructure and national governments.”
“Congratulations to Phosphorus for being selected as one of this year’s SINET16 Innovators,” said Robert D. Rodriguez, Chairman of SINET. “This year’s class of winners are emerging as leaders in their field, and paving the way for critical security advancements into multiple government agencies and industry sectors.”
Founded in 2017, Phosphorus provides unprecedented xIoT defense solutions for enterprise, industrial, and government customers through a fully automated security platform that discovers, assesses, remediates, hardens, and monitors tens of thousands of unique brands and models of ‘smart’ xIoT devices—ranging from security cameras to PLCs. Phosphorus’s xIoT security platform defends against targeted attacks, malware, out-of-date firmware, vulnerabilities, default passwords, risky configurations, and insider threats.
The company has interrogated millions of xIoT devices in corporate, government, and industrial networks. Through its extensive research and testing, Phosphorus has determined that across today’s enterprises, 50% of xIoT devices have default passwords, 70% have high-risk or critical vulnerabilities (CVSS scores of 8-10) and 25-30% are end-of-life and no longer receiving firmware updates or support. There are about three to five xIoT devices per employee, so a company of just 10,000 employees will have 30,000 to 50,000 of these devices. Nearly 70% of organizations Phosphorus has evaluated have had xIoT breaches in the last five years.
For more information about Phosphorus’s Enterprise xIoT Security Platform, go to www.phosphorus.io or visit Phosphorus and its Mobile xIoT Security Lab at upcoming security conferences, including CircleCityCon, Infosec World 2022 and S4x23.
Phosphorus Cybersecurity® is the leading xTended Security of Things™ platform designed to secure the rapidly growing and often unmonitored Things across the enterprise xIoT landscape. Our Extended Enterprise xIoT Security Platform delivers Attack Surface Management, Hardening & Remediation, and Detection & Response to bring enterprise xIoT security to every cyber-physical Thing in your enterprise environment. With unrivaled xIoT discovery and posture assessment, Phosphorus automates the remediation of the biggest IoT, OT, and Network device vulnerabilities—including unknown and inaccurate asset inventory, out-of-date firmware, default credentials, risky configurations, and out-of-date certificates. Follow Phosphorus on LinkedIn, Twitter, and YouTube, and learn more at www.phosphorus.io.