Castlight Financial Selects Versive’s AI-powered Cybersecurity Solution to Protect its CaaS Platform

SEATTLE – May 10, 2018 – Versive, an AI-based cybersecurity solution, today announced that Castlight Financial is using its award-winning technology to boost network security. The Versive Security Engine will automatically detect advanced, persistent cyber threats across Castlight’s network, protecting sensitive customer data.

Cybersecurity has never been a more critical issue for businesses than it is today. Fifty-five percent of respondents in Cisco’s recent report said their organizations had to manage public scrutiny of a breach in the last year. Organizations are in critical need of robust and effective solutions that can prevent breaches. This is particularly important for fintech companies like Castlight, who protect sensitive financial data. By using the latest technology, Versive operates with greater accuracy when identifying bad actors, delivering automated ThreatCases to help security teams detect, defeat, and predict threats.  

This latest announcement follows the recent opening of Versive’s new office in London. The company’s international expansion preempts the forthcoming GDPR and NIS Directive regulations that will penalize European companies who aren’t adequately protecting users from privacy and data breaches. As of May 25th, companies are at risk of receiving steep fines of up to 24 million dollars or 4 percent of the company’s global annual turnover, whichever is higher, therefore it’s critical to have security measures like Versive in place.

“Versive’s selective approach prevents us from getting distracted by disparate and inaccurate alerts, instead allowing Castlight to focus on delivering first class service to our customers in the knowledge that the risk of a data breach is being well managed,” said Phil Grady, CEO of Castlight Financial. “Like any fintech company, customers entrusting us with their information is at the core of what we do, so a proven and reliable security solution is a must-have to ensure our data is safe.”

Castlight Financial is the first CaaS (Categorization-as-a-Service) platform that enables financial retailers to quickly and accurately determine if a customer can afford a product. Since this involves accessing consumers’ income, expenditure and credit exposure in real time, the implementation of an automated security engine like Versive’s is a necessity. Using its AI-based, software-only solution, Versive acts as the last line of defense against bad actors, stopping them before they can successfully exfiltrate sensitive data.

“Castlight Financial has established themselves as an innovative company in the finance industry and we’re thrilled that they’ve chosen us to guard their most sensitive information against adversaries,” said Joe Polverari, CEO of Versive. “Our AI-driven approach flags the most dangerous threats that need immediate attention, therefore enabling enterprises to concentrate on growth and scaling without the annoyance of superfluous security alerts.”

For more information about Versive, please visit www.versive.com.

About Versive

Versive helps organizations focus on the cybersecurity threats that really matter. The Versive Security Engine discovers and makes sense of ongoing adversary campaigns inside corporate networks, instead of filling dashboards with hundreds of alerts. Our less-is-more approach generates about 5 high-fidelity ThreatCases per week by automating security expertise and understanding normal network behavior through machine learning.

Versive has been recognized on CB Insights’ prestigious AI 100 list of the most promising, privately-held artificial intelligence companies for the past two years, and as a 2017 SINET 16 Innovator, a designation given to innovative and compelling emerging cybersecurity companies. To learn more, please visit www.versive.com.

Contact Information

Kayla Abbassi

Account Manager

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kayla@vscpr.com