The GLI Group (GLI®) Acquires SeNet International Corporation, Bringing Expanded Information Technology Security Capabilities to U.S. Clients

LAKEWOOD, N.J., April 16, 2019 /PRNewswire/ -- The GLI Group (GLI®) has acquired SeNet International Corporation ("SeNet"), bringing expanded cybersecurity and other IT capabilities to clients of the GLI Group, Bulletproof a GLI Company, and SeNet. The companies serve a wide range of clients in the casino gaming space and across the business spectrum.

Founded in 1998, SeNet is an information security services company serving government and commercial clients, including the gaming industry, throughout the United States.

As part of the acquisition, the GLI Group will operate SeNet in conjunction with Bulletproof Solutions, ULC ("Bulletproof"), an information security company headquartered in Fredericton, Canada and wholly owned by the GLI Group. SeNet will operate as the U.S. information-security platform for Bulletproof, which will benefit existing SeNet clients by offering the broader information security services of Bulletproof, and Bulletproof's current U.S. client base by delivering services through local information security professionals.

As the U.S. platform for Bulletproof, SeNet will leverage the combined capabilities of both companies to deliver enhanced information security services to clients. The investment further demonstrates the GLI Group's commitment to providing world-class information security services to clients.

The GLI Group announced that, as part of the acquisition, all SeNet employees will continue to operate as a part of SeNet. That includes SeNet co-founder and CEO Ilan Katz and Chief Technology Officer (CTO) Gus Fritschie in leadership roles, and SeNet co-founder and President Toly Kozushin as a senior consultant.

The GLI Group's James Maida, president and CEO of Gaming Laboratories International (GLI), said, "We are very pleased to continue our relationship with the entire SeNet team and look forward to them assisting us in providing world-class security services both inside and outside the gaming industries in the United States and elsewhere around the world."

"SeNet was founded with a core objective to provide best-in-class information security services and continues to demonstrate consistent growth. What influenced me the most about the GLI Group is their unwavering focus on clients and strong track record of both growing and integrating new companies," stated Toly Kozushin.

SeNet's Ilan Katz added, "We are very excited to add to the GLI Group's information security capabilities and help them grow in the U.S. While this acquisition closes a very successful chapter for the founders, it also introduces significantly greater growth prospects for our employees and clients."

"Since joining SeNet approximately 15 years ago, I have personally observed the world-class capabilities of the GLI Group, and I am looking forward to joining the GLI Group team. Together with Bulletproof, we will have the combined capabilities to solve all security challenges for our clients," remarked SeNet's Gus Fritschie.

About The GLI Group
The GLI Group delivers the highest quality assessment, testing, and certification services to our clients. Through Bulletproof Solutions, ULC, the group provides the highest level of service in information security services. Through SLI Global Solutions, LLC, the group provides best-in-class professional services and IT project oversight services to government clients relating to federal, state, and local Health and Human Services programs. SLI uses an ISO 9001:2015 certified quality management methodology that has been proven effective in a wide range of system implementation and business process improvement projects. The GLI Group has offices on six continents and holds U.S. and international accreditations for compliance with ISO/IEC 17025, 17020, and 17065 standards for technical competence in the gaming, wagering and lottery industries. For more information, visit gaminglabs.com, bulletproofsi.com, or sligov.com.

About SeNet International Corporation
SeNet International Corporation was founded in 1998 in response to government and commercial needs for highly technical expertise in networking and, more specifically, network and information security. This has been the company's focus from its inception and it still remains so today. Since its founding, SeNet has provided expert services to over 350 commercial and public-sector clients helping them achieve substantial improvements in their network architectures, security postures, and operating processes. SeNet is an innovative leader in IT services, specializing in networking and information systems security consulting for federal agencies and commercial entities. For more information, visit senet-int.com.

Contact:
Christie Eickelman, Vice President of Global Marketing
+1 (702) 914-2220 or c.eickelman@gaminglabs.com

The Business Case For Cyber Risk Management

Synopsis:

  • Organizations are re-considering their cybersecurity strategy due to several factors;

  • The financial and legal consequences of a breach are increasing.

  • The acceleration of cyber threats, including the growing pace and scale of  attacks mean organizations cannot stand still.

  • The steady growth of the digitally connected enterprise (e.g. IoT), also known as the “Attack Surface” is dramatically increasing cyber risk.

  • Increasing end-point, perimeter security tools, or additional compliance-based activities are often ineffective at reducing cyber risk, and

  • Organizations are looking for business-case rationale to help drive better cybersecurity strategies.

With spending forecasts projecting global cybersecurity spending to exceed $124 Billion in 2019, https://www.gartner.com/en/newsroom/press-releases/2018-08-15-gartner-forecasts-worldwide-information-security-spending-to-exceed-124-billion-in-2019 , the question most often asked is, what should our budget priorities be? Hire or contract with cybersecurity experts, purchase more scanners and cyber security software?

Implementing a cyber risk management program is emerging as the leading investment for a number of important strategic and business reasons. Cyber risk management is a proactive, predictive and preventative approach to managing the growing scope and sophistication of cyberattacks. This does not replace what you are doing now; it makes it more organized and effective. Also called “continuous adaptive risk and trust assessment (“CARTA”) approach by Gartner, Inc., cyber risk management focuses on using data to prioritize your highest risk vulnerabilities and accelerate the remediation process.

Cyber risk management offers significant strategic advantages and represents compelling business case value. From direct savings associated with labor savings, the elimination of separate, often siloed solutions, and other cost savings, the RiskSense platform offers clear business case value. Add to that the indirect savings such as reduced cost of cyber standards compliance, better management of 3rd party supplier cyber risk and potentially a reduction in cyber insurance premiums, among others and the business value of RiskSense presents solid business case value and return on investment considerations.

Using the budget elements of labor savings represented by a Full Time Equivalent/(FTE) cost savings per year, and the elimination of costs associated with software programs and services to support the cybersecurity management process, one can estimate a range of direct savings depending on the size of the organization.

  • For smaller organizations the direct savings can amount to one or several FTEs or up to $100,000 – 150,000 in annual savings.

  • For large, multi-unit enterprises that may comprise divisions and span states or continents, the direct savings can multiply based on the reduction or elimination of labor and end point solutions associated with managing the remediation process across groups. Direct savings can approach the $200,000 – 300,000 range.

Similarly, when organizations consider the in-direct costs of the FTE activities associated with cyber security standards compliance, the screening and cybersecurity management of 3rd party suppliers and partners as well as the value related to reducing the costs of cyber breach insurance or reselling cyber risk management services to customers, the indirect savings and value can add up an additional savings of 4 – 6 FTEs, and savings/new revenue in the $100,000 + range.

Direct Savings Summary:

2 – 6 FTEs/Year + Reduction in Spend for 3rd party tools & services

  • Vulnerability management: Streamline and accelerate the review of scanner and other raw vulnerability data such as pen tests. Replacing a manual process of threat and vulnerability research to establish a priority list (often using paper based spreadsheets and a yellow highlighter), RiskSense ingests, organizes and prioritizes this data. (Savings: up to 1 FTE/Year)

  • Remediation workflow: Ability to tag, assign and manage the end-to-end remediation process, including capabilities to support faster and more effective use of remediation resources. In organizations where remediation actions are assigned to other FTEs across groups or divisions, these savings can scale accordingly. (Savings: up to 1 – 2 FTE/Year)

  • Verification: Ability to track and verify the accurate, complete and successful remediation actions. (Savings: up to 1 - 3 FTE/Year)

  • Reporting: Replacing manual report writing and/or the loading and management of data visualization software to communicate cybersecurity status and activities with the automated RiskSense RS3 score, executive dashboard and configurable report engine. (Savings: up to 1 – 3 FTE/Year)

  • Reduction/Elimination of software programs and services: From data visualization programs and less comprehensive threat intelligence subscriptions to programs to manage internal and external penetration testing and cybersecurity assessment data, the RiskSense platform enables organizations to reduce their IT spend for what are often siloed programs that require constant FTE attention to operate. (Savings: up to 1 – 3 FTE/Year plus the cost savings from eliminating duplicative tools and services)

Indirect Savings Summary:

3 – 6 FTEs/Year + Services Savings & New Revenue Opportunities

Compliance: In addition to the CIO/CISO tasks related to vulnerability and remediation management, many organizations have additional personnel managing cyber and data security compliance reporting. From ISO and NIST to ITIL, PCI and many others (notably the EU GDPR regulations and similar federal and state statues currently being considered), organizations must collect and summarize the details of their cybersecurity actions and results. The RiskSense platform provides a ready source of current date data that can save months of FTE time. In addition to being continual, contextual and threat-adaptive compliance reporting becomes a by-product of the RiskSense platform in action. (Savings: up to 1 – 2 FTE/Year)

Vendors & Partners: One of the main sources of cyber-attack is through 3rd party vendors and partners as evidenced by several nationally reported breaches that were introduced from connecting electronically with a supplier. Trying to lock down these digital connections that are often mission-critical to business and industrial workflows and value streams can be labor intensive. RiskSense can be used to streamline the assessment, prioritization and management of 3rd party cyber risks, often adding value to the 3rd party supplier. (Savings: up to 1 – 2 FTE/Year. Potential opportunity to charge 3rd party suppliers for the cyber risk reduction services.)

Insurance: According to a recent article in the Economist, “the need for robust insurance will only grow as companies become more reliant on computers hackers get more cunning and regulators take an increasingly din view of lax security”. The article goes on to describe other challenges in the cyber risk insurance industry, including the difficulty of pricing cyber risk insurance “At the same, cyber-security risks are inherently tricky to price.” https://www.economist.com/finance-and-economics/2019/01/26/the-market-for-cyber-insurance-is-growing

Many organizations are adding or increasing their insurance for cyber breaches. Most insurance companies use checklists, interviews and audit-type discovery to gather data for setting coverage and premium levels. A fully deployed and actively used RiskSense platform offers organizations a tool to demonstrate their improving cyber risk posture and their ability to streamline and focus the remediation process to minimize cyber risk. (In this case estimated savings may be speculative. However, there are likely cost savings related to reduced staff time managing the cyber risk insurance process and the potential opportunity to lower the cost cyber risk insurance premiums. FTE savings: $50,000 – 150,000 & Insurance Premium savings 10 – 25% or more?)

Reselling Cyber Risk Management Services: Some organizations offer add on services for their customers that may include IT support, and cyber security services. Using the RiskSense platform, these organizations can extend and augment the value of their services by ingesting customer vulnerability data and providing access to their multi-client RiskSense dashboard to help them prioritize their highest risks and gain the advantages of RiskSense. (Potential opportunity to sell additional services to customers. $50,000 – 150,000)

Conclusion

Using the RiskSense platform can decrease the overall attack surface by 50% and security/IT teams greatly reduce the time to identify and analyze vulnerabilities and manage remediation actions by 90%. As the first cyber risk management tool that allows your organization to view the growing attack surface on a single pane of glass, RiskSense drives direct and indirect cost savings and value creation that is measurable and material. From senior management to IT staff managing remediation tasks on a daily basis, the RiskSense platform streamlines and focuses your resources and investments, enabling a proactive and preventative cyber security posture with an attractive return on investment.

Just look at what the experts are recommending; cyber risk management or Threat and Vulnerability Management (“TVM”*) offers compelling rationale for making it the priority for your 2019 cybersecurity budget.

ACWA Fall Conference 2017 - SeNet Security Presentation

SeNet International attended the Association of California Water Agencies (ACWA) conference and exhibition on November 28 through December 1 in Anaheim, CA. Rehan Bashir and Steve Davis presented at the conference on why cyber security is imperative in both information and operation technology segments in water districts.

ACWA 2017 CYBERSECURITY PRESENTATION