Panaseer bolsters leadership team as it gears for growth

9 August 2019, London and New York:  Panaseer, a UK-headquartered enterprise cyber-security technology company, today announces that it has bolstered its leadership to continue its growth acceleration.

As regulatory pressures, such as GDPR, the SHIELD Act and the California Consumer Privacy Act, start to take effect, Panaseer’s Continuous Controls Monitoring platform is helping organisations solve fundamental cyber challenges by enabling them to substantiate that their security programs are working effectively and that their customer information is staying safe across different systems and geographies.

Panaseer has doubled its staff count to over 50 in the last year, opened and expanded overseas offices in New York and has made a number of senior additions to its leadership team. It has added cyber veterans, Andrew Jaquith and James Doggett, to its Advisory Board, and appointed Sean Goldstein as its Chief Marketing Officer.

Andrew Jaquith is one of the world’s most respected experts in security metrics – his book “Security Metrics: Replacing Fear, Uncertainty and Doubt” is used as a college textbook and is trusted by CISOs across the globe. Experienced in startups, with two successful exits, he has managed a broad spectrum of technology risk areas in Fortune 100 companies, including as Managing Director for Goldman Sachs’ technology risk analytics and measurement program, and as a Managing Director and the global Cyber Risk Officer for JPMorgan Chase & Co.

James Doggett is a renowned leader in cyber security. He previously served as the Chief Technology Risk Officer for AIG, the Chief Security Officer and Chief Technology Risk Officer for Kaiser Permanente and Managing Director of JPMorgan Chase & Co, the division responsible for Security Services IT Risk. He also spent 27 years at Ernst & Young, where he helped build the company’s cyber security practice from the ground up.

Sean Goldstein has headed up the marketing division for a number of successful cyber scale-ups, including SecurityScorecard and EverCompliant. He is renowned in the sector for his ability to deliver explosive growth, powerful brands, and build new categories.   He will be running the Panaseer marketing division and US operations from the company’s recently expanded New York office.

Andrew Jaquith, Advisory Board Member, Panaseer: “Panaseer has brought to market a pioneering Continuous Controls Monitoring product that delivers immediate value by measuring the effectiveness of customers’ key controls every day. Unlike the subjective, labor-intensive, once-a-year “self-assessments” that most companies are forced to do, and which add zero insight, the discipline of Continuous Controls Monitoring results in complete and accurate measurements that CISOs, boards, auditors and regulators can rely on. Moreover, it can massively reduce money spent on endless and low-value-added assessment, monitoring, testing and validation activities, while increasing timeliness, accuracy, and confidence in the security program.”

Nik Whitfield, CEO, Panaseer: “There are currently three key market forces impacting the cyber market – increasing scrutiny by regulators, scarce security personnel and an explosion in security tools and attack surface. As they play out it makes the old, manual, consultant driven way of doing risk assurance unfeasible. Panaseer was created to solve this issue via providing automated assurance through Continuous Controls Monitoring.”

“We have experienced rapid growth in the last few years, but in order to sustain this trajectory and scale successfully, we need to have the best and brightest in the industry that have experience in disrupting at scale. Andrew, Jim and Sean have the market experience and track record in delivery – they are strategic recruits and we are delighted to welcome them to the Panaseer family.”

Panaseer recently scooped the award Europe’s Hottest CyberTech Startup at the Europa’s awards, which is held in partnership with TechCrunch. Its total funding to date is $15.6 million and its backers include Evolution Equity Partners, Notion Capital, Albion Capital, Winton Ventures, Paladin Capital Group and Cisco Investments.

About Panaseer

Panaseer is the first Continuous Controls Monitoring platform to give CISOs visibility of all assets, and the confidence that security controls are working effectively. It provides a trusted, unified view across business lines, regions and technology platforms.

Established in 2014 by Nik Whitfield – a cyber-security thought leader with extensive cyber-security and FinTech experience. Panaseer’s clients include the world’s largest financial institutions and critical infrastructure enterprises. For more information, please visit Panaseer.