Top executives have some of the most confidential information of their company—these include intellectual property and business strategy, as well as financial, customer, employee, and partner data—and also have toptier access to its IT systems. This makes them a lucrative target for cybercriminals. The CISOs can protect these executives when they are in the office using corporate devices, but when they conduct business from the comfort of their homes, the threat map expands, exponentially putting them and the organization at risk. In other words, homes of the corporate executives have become the new cybersecurity battleground. CEOs and CISOs can’t afford to be complacent because hackers continue to innovate. Besides, because of privacy and legal reasons, CISOs cannot just extend the cloak of corporate security to executives and their families.
It is time for businesses to shed the traditional approach of using endpoint detection and response as a protective measure and extend the defense perimeter to secure the entire digital lives of corporate executives without invading their privacy via a concierge fashion. This is precisely what BlackCloak’s namesake concierge cybersecurity and privacy protection platform brings to bear.
It extends beyond individual protection of an executive to include the family, the home network, and the smart devices they interact with. The software protects individuals, families, corporate executives, and board members using a unique blend of technologies, services, and education to provide privacy, cybersecurity, and assurance in a personal digital world. Dr. Chris Pierson, founder, and CEO, BlackCloak, says, “Our platform combines privacy and cybersecurity together and leverages cutting-edge technology to protect the identity, reputation, family, and finances of corporate executives from cyber risks. We give CISOs, who already have a lot on their plates, the peace of mind that their executives’ digital lives are secure and protected.” To put simply, via its innovative offering, BlackCloak is addressing a rapidly emerging need to protect the digital lives of high-value cybercriminal targets.
Protection Beyond Office
“Companies and CISOs depend on us to protect their executives’ personal lives and to answer all of their questions regarding email hacking, personal phishing, and scam phone calls, among other risks, through a radically-different concierge approach,” states Dr. Pierson. Merging enterprise-grade technology with expert advice, guidance, and education, the firm delivers concierge-style plans that match the unique threats clients face.
Companies And Cisos Depend On Us To Protect Their Executives’ Personal Lives And To Answer All Of Their Questions Regarding Email Hacking, Personal Phishing, And Scam Phone Calls, Among Other Risks, Through A Radically-Different Concierge Approach
The BlackCloak SaaS platform is designed for digital executive protection and is a first-of-its-kind solution that primarily does four things. First, it helps protect an executive’s privacy by removing personal information from Internet Data Brokers, performing dark web searches for exposed personal credentials, and implementing privacy settings to protect against data leakage and identity theft. Second, BlackCloak protects all of their devices, including cell phones, tablets, and computers. “It monitors these devices and gives executives an intuitive, easy-to-understand representation of how safe they are. And then, our team can spring into action when last, serving as a concierge, the platform gives executives control over managing their cybersecurity and privacy. “And we’ll always be just a call, tap, or text away if they have issues or questions,” adds Dr. Pierson.
BlackCloak takes things a notch higher by offering education and training services to executives on the importance and the strength of cybersecurity. The team provides them with webinars, newsletters, and other materials to educate them on cyber and privacy risks. In a nutshell, merging advanced technology and 24/7 monitoring with concierge-level support, BlackCloak ensures that every aspect of an executive’s digital life is covered.
A Holistic and Proactive Strategy A testament to the expertise and efficacy of BlackCloak’s solution and services is its client success story with a large financial firm and the managing partners of that organization. The executives had many different risks in their personal lives, including potential kidnapping and physical threats to their family and loved ones. Consequently, they had high-end home cameras installed in and around their residence to ensure protection at all times.
“However, it turns out the company that had installed the cameras had left the access wide open on the Internet.
In another instance, the firm helped a large life sciences company whose executive was previously affected by a breach. “The executives’ personal social media account was compromised and messages requesting money were sent from the account to different employees and executives, including the CEO,” mentions Dr. Pierson. Consequently, it not only caused a problem for the CISO but also the general counsel and other HR professionals on the inside, because that account was hijacked for untoward purpose and financial gain and motivation. BlackCloak stepped in and secured not just that executive’s social media account but the entire executive team’s social media profiles.
Staying a Step
Ahead Always With many more success stories being made every day, BlackCloak wants to keep helping executives address threats posed by cybercriminals in their homes and offices. In that quest, more recently, the firm rolled out an enhanced desktop cybersecurity experience for its members. “What we have done is provide real-time updates and reporting across all of the different digital devices and their homes back to the members so they can easily glance at the app on their phone or on their tablet and have a seamless experience. So, it really is a single pane of glass into their digital life,” asserts Dr. Pierson.
In addition, to further strengthen BlackCloak’s digital defense system, the SaaS product team—at the beginning of Q2—released a deception technology in the desktop application. “We took the defense systems used by banks and national intelligence agencies and codified them into our applications running on our members’ desktops and laptops to provide that 99th percentile of certainty,” remarks Dr. Pierson. Thus, no malicious actor will have access to the materials on those devices, once again extending the layer of protection beyond the metaphorical four walls and into the homes and personal lives of these individuals and their companies without invading privacy.
Knowing is half the battle but knowing what to do is the other half. The lines between cyberattacks and physical attacks have become blurrier than ever, and security teams need to work together to detect risks online and develop clear plans of action to address them. Digital executive protection is a must for both the company and its key personnel to both supplement personal security and also corporate cybersecurity. With a partner like BlackCloak, CISOs and corporate executives can spend less time worrying and more time focusing on what they do best
BlackCloak Announces $11 Million Series A Funding To Expand Digital Executive Protection Platform
Orlando, FL - BlackCloak, the cybersecurity industry’s first Digital Executive Protection platform for Executives and High-Profile Individuals, announced today the company’s $11 Million Series A funding from lead investor TDF Ventures with participation from both TechOperators and DataTribe.
“This investment in BlackCloak highlights where the cybersecurity market is heading,” said Jim Pastoriza, Managing Partner, TDF Ventures. “Attackers are keenly focused on Board members, senior executives, and other key personnel in companies across every industry. They realize that if they can penetrate this inner circle through their personal accounts and devices, they can hit the jackpot in terms of a corporate breach, intellectual property, or other sensitive data.”
In 2020 BlackCloak published original research from hundreds of individuals on the State of Personal Cybersecurity. That research showed 40% of executives were already compromised on their devices or home networks. Furthermore, 70% had exposed passwords on the deep/dark web, and 87% had no security installed on their personal devices.
“It is a known issue that our online activities and devices have been at risk for some time, but what is new is the idea that personal digital lives can have a direct impact on the company,” said Dr. Chris Pierson, CEO & Founder, BlackCloak. “From unemployment fraud impacting entire executive teams to the exposure of corporate information through personal email, the risks and consequences are very real. BlackCloak is exclusively solving this issue.”
“High-profile individuals often find themselves outside the umbrella of protection provided by their companies and are forced to rely on weak, consumer grade-products,” said Tom Noonan, General Partner, TechOperators. “BlackCloak gives security teams, and the executives they support, security and peace of mind.“
BlackCloak has been honored with multiple awards including being named a SC Media 2021 Trust Award Finalist and being awarded the 2021 Global InfoSec Award for Digital Executive Protection.
With this Series A raise, BlackCloak is expanding its proprietary technology offering in both the cybersecurity and privacy space, deepening its relationship with members, and expanding its team and sale operations.
Jim Pastoriza will be joining John Funge from DataTribe on BlackCloak’s Board of Directors.