Tel Aviv Israel & Sao Paulo Brazil, October 15, 2012
WCK , a leading cyber risk and compliance software vendor, and Cipher Security, a leading information security company headquartered in Brazil, announced today a strategic partnership for delivering WCK’s risk management solutions to the Brazilian market.
The agreement, valued at $1.5 million dollars, will enable Cipher to offer WCK’s state-of-the-art Governance, Risk and Compliance – GRC software as part of their security managed service offering in Brazil and the rest of South America.
The Fleury Group, one of Brazil’s leading healthcare providers, is the first customer of the joint risk and compliance offering. Cipher will perform security audits and consulting on the WCK software, and will provide Fleury executives with management insight into their risk and compliance status, and ongoing security improvement process.
According to a recent survey published by Global Industry Analysts, cyber-crime and cyber-warfare costs society more than $1.0 trillion, with billions of dollars being stolen from small, medium and large-sized enterprises, and repeated cyber-attacks on governments and critical infrastructure across the globe.
“There are no shortcuts. Proactive IT and security and cyber risk management is the best overall strategy for protection from cyber attacks,” said Eduardo Boucas, Managing Director at CIPHER Security. “After more than 12 years performing GRC projects, we were looking for the right product which would help our customers understand their overall risk and compliance posture clearly, in simple business terms. WCK provided the best and most innovative solution in the market.”
“We are excited about the opportunity of partnering with Cipher to provide our IT and cyber risk management solution to the expanding Brazilian marketplace,” explained Eyal Adar, WCK’s CEO. “We were impressed with the depth of Cipher’s security and risk management knowhow, and their strong presence in Brazil and we’re sure that Fleury Healthcare is the first of many mutual customers”.
Cipher Security is a multinational, specialist Information Security and Risk Management company, that understands the business challenges to ensure protection of information and systems, prevent financial losses caused by fraud or errors, and comply with evolving regulations. Cipher has over 300 employees dedicated to Information Security, who are committed to delivering excellence and innovation, through highly specialized products and services, including Consulting, System Integration and Managed Security Service Provider (MSSP). Cipher has state of the art 24×7 Security Operation Centers (SOCs), monitoring 1,000,000 security events per day, on over 300,000 assets in 35 countries. In addition, CIPHER has deep technical skills within risk management, linking PCI DSS, ISO standards and regulation requirements to automated information security controls.
WCK develops and markets bSRM, a business-driven, risk management and compliance software solution for IT, cyber security and critical infrastructure protection. For more information visit www.wck-grc.com