Frustrated security analysts launch ThreatQuotient to deliver relevant threat intel

A Virginia-based cybersecurity software company has unveiled a new product that “allows security teams to be more efficient to defend against attacks.”

ThreatQuotient, which was founded in 2013, says its ThreatQ platform enables companies to “streamline the time-consuming process of ingesting threat intelligence,” allowing them to detect and block adversaries “90% faster than traditional methods.”

Ryan Trost_ThreatQuotient_Stoller
Ryan Trost, ThreatQuotient CIO
Wayne Chiang, ThreatQuotient CEO
Wayne Chiang, ThreatQuotient CEO

ThreatQ is so effective, says ThreatQuotient co-founder Ryan Trost, because he and co-founder Wayne Chiang developed it after managing, and gaining experience at, several small and large security operations centers.

Trost and Chiang formerly worked at the security operations center of one of the largest contractors within the Defense Industrial Base, the worldwide industrial complex for the U.S.military.

They saw “firsthand the need for a tool,” Trost says, “that could streamline threat intelligence from the various

sources and deploy it to the tools that consume it.”

Organizations frequently “get overzealous,” he says, and are “immediately overwhelmed” by numerous intelligence

feeds. ThreatQ allows organizations to better control threat intelligence and “assess what kind, and how much, intelligence is right for their team.”

Time is of the essence

A customer spent 10 1?2 hours per day on threat intelligence before implementing ThreatQ and reducing the time to one hour and 12 minutes, Trost says.

Analysts can make better decisions faster, which is of monumental importance as every second counts,” he says. ‘With ThreatQ, everything needed in the threat intelligence process is now in just one place, which helps build a bigger-picture view on threat intelligence and its benefits.”

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ThreatQ costs an organization a minimum of $100,000. A user manual and video tutorials are provided for cybersecurity personnel.

We have a very passionate UX/UI (User Experience/User Interface) designer, Bob Ricca, who performs frequent usability testing with customers to ensure our front-end designs are intuitive and highlight the necessary information,” Trost says.

ThreatQ allows security officials to automatically “harness threat intelligence” with the flip of a switch and unburdens analysts “from performing due diligence manual efforts revolving around threat data,” he says.

In late April, ThreatQuotient announced it raised $1.5 million in a seed round of funding led by

Blu Venture Investors, the Center for Innovative Technology and the Virginia Tech Investor Network. The funding will be used to “further enhance ThreatQ” and “expand the company’s go-to-market reach through both direct and channel partner activities.”

Chiang, ThreatQuotient’s CEO, said his company is “excited to partner with these leading early-stage investors as we break out of stealth mode and continue delivering on our innovative platform which is fast becoming a core tool for security teams to lean on.”

More on emerging threats
Corporate use of cloud apps spikes risk of breaches
WordPress emerges as a cybercrime hotbed
Malicious ads pose insidious, elusive threat

This article was written by Gary Stoller and also appeared in ThirdCertainty.com.

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