Cyber risk modeling for industrial networks company DeNexus Inc. today announced a new partnership with cybersecurity firm Cipher Security LLC to tackle operational technology and industrial control systems cyber risks in the realm of industrial and physical critical infrastructure.

The collaboration between these two companies integrates advanced inside-out data from Cipher, encompassing vulnerabilities and critical security controls into DeNexus solutions. The security insights provided by Cipher allow DeNexus to deliver refined models for cyber risk assessment, potential loss projections, recommendations for risk mitigation, and a return-on-investment-based prioritization framework for mitigation projects.

DeNexus offers cyber risk quantification and management solutions that foster collaboration between chief information security officers and chief financial officers in prioritizing cyber risk mitigation strategies specifically for industrial and physical critical infrastructure. Cipher’s suite of managed cybersecurity services extends coverage to all potential attack surfaces, with a particular emphasis on OT.

The combination of services between the two companies seeks to address organizations finding themselves unable to effectively diminish their risk exposure. DeNexus argues that the absence of thorough cyber risk quantification leaves CFOs and CISOs without the necessary foundation to make well-informed decisions regarding investments in cybersecurity.

“The insights and services provided by Cipher are instrumental in refining our cyber risk quantification models,” said DeNexus founder and Chief Executive Jose Seara. “This collaboration strengthens cyber resilience through integrated cybersecurity and risk management solutions, ensuring organizations navigate evolving threats with efficiency and effectiveness, safeguarding critical infrastructure.”

DeNexus is a venture capital-backed startup that has raised $8.61 million over three rounds, according to Tracxn. Investors include InsureTech Directory LLC, VentureOut Ventures Inc., This is Water Co. Ltd. and HCS Capital Partners LLC.

Cipher, which provides managed security services and security consulting to enterprises, has been majority-owned by Spanish security firm Prosegur Compañía de Seguridad S.A since 2018.

Image: DeNexus