Cytegic

End-to-end Cyber-risk Management Solution

Cyber Security
Acquired (Inactive) by Mastercard on May 2020 - closed due to acquisition

Company Overview

Snapshot

Founded in February 2012 by Elon Kaplan and Gerard Sabbah, Cytegic operated with 1-10 employees. The company was acquired by Mastercard in May 2020, marking a significant exit in the cybersecurity landscape.

Business overview

Cytegic developed an end-to-end cyber-risk management solution, focusing on quantifying cyber risk at scale. Its patented Rapid Cyber Risk Quantification Platform, including the Automated Cyber Risk Officer (ACRO), enabled businesses to assess and manage cyber risk and compliance, optimize security spending, and gain actionable insights into financial risk exposure. The company served various industries, including manufacturing facilities, healthcare providers, financial institutions, oil and gas companies, and insurance companies, operating within the Cyber Security sector with a focus on GRC & Vulnerability.

Strategic signal

In September 2019, Cytegic announced a strategic partnership with S-RM Intelligence and Risk Consulting to enhance rapid cyber risk quantification. This collaboration aimed to push the capabilities of cyber risk assessment to a new level, indicating Cytegic's strategic focus on expanding its market reach and validating its technology through key industry alliances prior to its acquisition.

Company Intelligence Q&A

What is Cytegic's primary offering?
Cytegic provides an end-to-end cyber-risk management solution, featuring its patented Rapid Cyber Risk Quantification Platform and the Automated Cyber Risk Officer (ACRO), designed to quantify cyber risk at scale and optimize security spend.
When was Cytegic acquired and by whom?
Cytegic was acquired by Mastercard in May 2020.
What was a key strategic partnership for Cytegic?
In September 2019, Cytegic announced a strategic partnership with S-RM Intelligence and Risk Consulting to advance rapid cyber risk quantification.
Did Cytegic receive any industry recognition?
In September 2019, Cytegic was named a 2020 TAG Cyber Distinguished Vendor.
When did Cytegic launch its insurance group?
Cytegic launched its insurance group in September 2019, focusing on cyber risk quantification for the insurance sector.

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