Founded by Darren Craig, RiskXchange is a leading information security technology company, which helps companies of all sizes fight cyber threats by providing instant risk ratings. RiskXchange provides a powerful AI-assisted, yet simple automated, and centralized unique 360-degree security risk rating management approach. It generates objective, quantitative reporting on a company’s security risk and performance, enabling organizations with evolving requirements to conduct business securely in today’s open, collaborative, digital world.
Establishing RiskXchange
Darren has amassed over 27 years of experience in Cyber Security, tracing back to his early days as an apprentice in electronics. Following the completion of his training, Darren had the privilege of honing his skills with renowned organizations like Philips, Motorola and Natwest Banking Group. It was during his tenure as a network security engineer in Natwest Banking Group that he began delving deeper into the intricate realm of security.
As his knowledge expanded and confidence soared, Darren embraced a bold opportunity to embark on an entrepreneurial path. Joined by a group of trusted colleagues, he ventured into the world of entrepreneurship and established a security-focused startup. The venture surpassed all expectations, culminating in a remarkably profitable exit a mere five years later.
Following his successful stint at the security start-up, Darren’s desire to broaden his business acumen and collaborate with major banking corporations motivated him to join IBM. Within IBM, he held various influential roles in global business and sales. However, he soon recognized a pressing need for a groundbreaking solution within the cybersecurity industry. This realization ultimately led him to make the pivotal decision to leave IBM behind and establish RiskXchange in 2017.
“My journey has been long and arduous, but it has been worth it. It has equipped me with a unique perspective on the industry and allowed me to bring innovative solutions to the market. I am proud of my journey and its impact on the cybersecurity industry,”- remembers Darren.
About RiskXchange
RiskXchange understands the overwhelming nature of cybersecurity threats and compliance issues that businesses face, regardless of their size. In response, this cyber security firm has meticulously crafted its service to be refreshingly straightforward. With RiskXchange, clients do not need to possess specialized cybersecurity expertise to navigate the complexities of protecting their businesses. The company’s comprehensive range of user-friendly and simple services empowers clients to confidently utilize their solutions without unnecessary complications.
RiskXchange’s commitment extends beyond monitoring clients’ cybersecurity posture and compliance. The firm also diligently monitors their supply chain, ensuring that all vendors and partners adhere to best practices. This capability provides significant relief for companies relying on extensive networks of suppliers and partners, as it can be challenging to keep track of everyone’s compliance status.
In the event of any issues, RiskXchange offers expert guidance on resolving them, eliminating the need to hire expensive cybersecurity professionals. Moreover, with their 24/7 monitoring, RiskXchange maintains constant vigilance for potential threats or compliance issues. This proactive approach enables the prevention of problems before they even arise, granting clients peace of mind and enabling them to focus on the smooth operation of their businesses.
Solving Primary Challenges of the Industry
As an Information Security technology Company, RiskXchange can help solve several challenges facing the cyber security industry, such as:
- Evolving Threat Landscape: RiskXchange offers 24/7 monitoring and threat detection services that can help organizations stay on top of the latest threats. Our service is designed to be adaptable and can keep up with the changing threat landscape, so you don’t have to.
- Shortage of Skilled Professionals: With RiskXchange, organizations don’t need to hire teams of expensive cybersecurity professionals. Our service provides expert advice and monitoring, which can help fill the skills gap and give organizations the support they need to protect their networks and systems.
- The Complexity of Networks and Systems: RiskXchange offers a comprehensive service that can monitor networks and systems and applications across both cloud-based and on-premises internet-facing environments. Our service is designed to be scalable and adaptable, so it can handle even the most complex systems.
- Lack of Cybersecurity Awareness: RiskXchange can help raise cybersecurity awareness by providing easy-to-use services that don’t require deep technical knowledge. Our service can help organizations understand their security posture and identify areas for improvement.
- Compliance and Regulatory Issues: RiskXchange offers compliance monitoring services that can help organizations stay on top of regulatory requirements. Our service is designed to be flexible and can be customized to meet the specific compliance needs of each organization.
In a nutshell, RiskXchange offers organizations a comprehensive solution to overcome the challenges prevalent in the cybersecurity industry. With its range of services, RiskXchange provides comprehensive, scalable, and adaptable solutions that enable organizations to stay ahead of the ever-evolving threat landscape. It also assists in bridging the skills gap by offering expertise and support, helping organizations navigate complex networks and systems. Additionally, RiskXchange contributes to raising cybersecurity awareness within organizations and ensures compliance with regulatory requirements. Overall, RiskXchange equips organizations with the tools and knowledge needed to effectively address the multifaceted challenges of the cybersecurity landscape.
Disrupting the Industry
Under Darren’s leadership, RiskXchange is disrupting the cybersecurity industry by providing innovative, more effective, and efficient solutions than traditional approaches. The company’s technological prowess is built upon a distinctive platform that harnesses the power of machine learning and artificial intelligence. This cutting-edge technology enables RiskXchange to analyze massive volumes of data and swiftly identify potential threats in real-time. By leveraging these advanced capabilities, RiskXchange sets itself apart as a trailblazer in the cybersecurity domain, providing organizations with unparalleled protection and peace of mind.
One of the main key ways that RiskXchange is disrupting the industry is by providing a more comprehensive approach to cybersecurity and associated compliance requirements, which cover the new evolving Digital Operational Resilience Act as well as existing security frameworks including IOS 27001, NIST 800-53, and many others. Rather than focusing solely on network security or application security, RiskXchange provides a holistic view of an organization’s entire cybersecurity posture including compliance. This includes assessing vulnerabilities and compliance in third-party and fourth-party vendors, evaluating the risks associated with cloud-based services, and monitoring social media, the Dark web, and other online hacker forms for potential threats.
The organization is also disrupting the cybersecurity industry by making cybersecurity more accessible and affordable for businesses of all sizes. By leveraging cloud-based technology, RiskXchange provides its services at a fraction of the cost of traditional security solutions. This makes it easier for small and mid-sized businesses to implement effective cybersecurity measures and protect themselves against potential threats.
Another area where RiskXchange disrupts the cybersecurity industry is through its commitment to providing a user-friendly interface and experience. Recognizing the importance of accessibility and ease of use, RiskXchange has developed an intuitive platform that simplifies the management of cybersecurity risks for businesses. By offering a user-friendly interface, the company enables organizations to navigate and utilize their services with ease, even for users without extensive technical expertise.
Lastly, RiskXchange is disrupting the industry by taking a proactive approach to cybersecurity. Instead of adopting a reactive stance where incidents are addressed after they occur, RiskXchange’s technology is specifically designed to proactively identify and mitigate potential threats before they have a chance to cause harm. This helps businesses stay ahead of the curve and prevent cybersecurity incidents from occurring in the first place.
Looking at the Future
As a leading provider of innovative cybersecurity solutions, RiskXchange has set its priorities for 2023. With a focus on growth, the cybersecurity company now plans to expand its reach and increase its customer base through targeted marketing efforts and strategic partnerships. This includes investing in new technologies and hiring additional sales and marketing staff to increase visibility and drive revenue growth.
In order to achieve these goals, RiskXchange will heavily invest in its workforce by prioritizing employee training and development to enhance their skills and enable them to deliver the best possible service to customers. In addition, the company is committed to fostering a positive workplace culture that values diversity, equity, and inclusion.
On the other hand, RiskXchange is continuously developing new products and services that meet the evolving needs of its customers. This includes investing in research and development to create cutting-edge cybersecurity solutions that provide greater protection against emerging threats.
Customer satisfaction remains a top priority for RiskXchange. The company understands that every organization has unique requirements, and it is committed to delivering the highest level of customer service and support. RiskXchange actively engages with its customers, seeking to understand their specific needs and challenges. This customer-centric approach enables the company to tailor its solutions and provide personalized cybersecurity strategies that align with the unique requirements of each customer.
Overall, RiskXchange’s priorities for 2023 demonstrate its commitment to growth and customer satisfaction while investing in its workforce and developing cutting-edge products and services to meet its customers’ evolving cybersecurity and compliance needs.