CAMBRIDGE, MA — (Marketwired) — 07/23/13 — , the leader in Security Incident Response software, today announced that has selected Co3 to accelerate and streamline its security incident response capabilities. USA Funds can now respond to incidents in real-time; assessing events, assigning responsibilities, correlating activities, and measuring company performance to closure. In the process, USA Funds has also standardized the organization-s overall security posture — based on industry best practices and USA Funds standard operating procedures.
USA Funds is a nonprofit corporation that helps students prepare for, access, and achieve success in post-secondary education through financial and other valued services. During the past 53 years, the organization has supported a total of $247 billion in financial aid for higher education and has served approximately 22.4 million students and parents, as well as thousands of educational and financial institutions. USA Funds manages a significant amount of confidential and personally identifiable information (PII) for its customers, employees and its governing board. Like many organizations today, USA Funds must adhere to a plethora of industry, federal and state regulatory requirements — and every state has its own requirements, making it even more complicated for organizations to keep pace.
Although USA Funds had built a robust technology and process infrastructure to prepare for any contingency, the organization sought to augment its security initiatives with a more comprehensive and agile incident response strategy. The rigorous evaluation process put numerous products through their paces, with the goal of replacing the manual and time consuming incident planning and tracking process, which involved heavy use of Microsoft Word checklists and Excel spreadsheets. The team selected Co3 based on the breadth and depth of the regulatory knowledgebase, and the expertise and best practices-based incident response workflows. Providing multi-faceted incident tracking and real-time coordinated response, Co3 has enabled the team to manage incidents in that it took previously. Additionally, the added time and expertise has given the team increased visibility into the performance of its security infrastructure and assisted in improving the configuration and overall effectiveness of security tools.
“At USA Funds, we pride ourselves on being highly informed and prepared to respond to any incident that represents a threat to our infrastructure and information,” said Milan Tesanovich, director of information risk management at USA Funds. “However, the complexity of security and compliance activities can challenge even the most prepared organization. We already had a strong security and incident response program. Co3 not only validated that fact for us, but also helped drive us to conclusions and decisions that would-ve taken us much longer to achieve before. With Co3, we are responding to incidents in 10% of the time it took us previously. Co3 has been an invaluable tool for my team.”
“With the increasing pace and complexity of security incidents, it-s no surprise that organizations struggle to keep up,” said John Bruce, CEO at Co3 Systems. “By using our system, which automates and streamlines the complete process, USA Funds is achieving dramatic improvements in their incident preparedness and response.”
was the market-s first daily use and preparedness tool for privacy incidents and is considered today as the industry standard. It provides an easy, automated way to ensure consistency and accountability — across teams, organizations and external stakeholders — in managing incidents that concern PII. extends the capability to manage response to security events such as malware infections, phishing-related compromise, Distributed Denial of Service (DDoS) attacks, device or Intellectual Property theft and system intrusions. Together, the Modules provide the most comprehensive solution for end-to-end management of incident response planning, preparedness and execution.
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Headquartered in Cambridge, MA, Co3 Systems is an innovator in Security Incident Response solutions. The company-s SaaS-based offering enables organizations of all sizes to efficiently prepare for and rapidly manage the Incident Response Process for Security incidents or Privacy breach events. Companies using Co3 demonstrably minimize the costs resulting from incidents. With funding from Fairhaven Capital, the company-s executive team and advisors comprise security experts from world-leading security, software and service organizations. On the web at .
Jennifer Torode
CHEN PR for Co3 Systems
(781) 672-3119
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