Story image

ResponSight’s real-time enterprise risk intelligence thrives in Australia

04 Jun 2018

Australian-based data science company ResponSight is embarking on the next phase of growth after achieving massive success in the local market in the space of just two years.

ResponSight describes itself as a company that provides behavioural analytics software as part of an early warning risk intelligence and business decision-making tool.

That tool enables customers to monitor desktop, laptop and server use, profile user behaviour, and to detect shifts in real-time enterprise risk.

Its unique approach uses statistical metrics for measuring and assessing typical user behaviour. Unlike other technologies, it does not collect or rely on personal or sensitive data.

The company is already working with six customers in Australia, including one of the ‘big four’ banks and says it will continue to have a strong focus in the banking and finance, energy/utilities, government, and professional services sectors.

“Too many Australian businesses don’t have a handle on risk and this needs to change. While boards and business leaders want to understand their organisation’s cyber risk posture, the way that most measure risk is arbitrary and subjectively self-assessed,” comments ResponSight CEO Jeff Paine.

“Our technology uses activity metrics and statistical data to build a profile of how a desktop, laptop or server is typically used. Using advanced analytics, we are able to provide actionable risk insights and intelligence that businesses can use as a decision-making tool.”

The technology has gained significant interest in the industry – recently ResponSight closed a $2 million seed round led by Carthona Capital.

Founded in 2015, ResponSight has opened offices in Sydney and Melbourne, expanded its team to 15 staff including three developers and three data scientists, and there’s much more to come as it plans to commence overseas expansion later this year.

“We are currently focused on growing our customer base and educating the market on using risk as a business decision-making tool. We are hiring Australian development and data science talent as we believe that there is a lot of local talent that we can harness as we grow our business both locally and in the future, globally,” Paine says.

One of the latest additions to the ResponSight team is chief revenue officer Daniel Cran - he came to Responsight after three years as LogMeIn’s managing director for APAC.

ResponSight’s head of marketing Joanne Reeson also comes from more than a decade of heading up marketing at RSA Asia Pacific Japan.

The company also attended RSA Conference 2018 in San Francisco as part of The AustCyber delegation.

ResponSight says its technology is designed to work with organisations’ existing cyber security solutions, playing the ‘detective’ role, while existing ‘blocking’ technology can be better leveraged to set priorities and increase effectiveness.

Boards and executives gain increased visibility of risk at a point in time and over time, across the entire organisation right down to an individual level. 

ResponSight is offering a free 60-day no-risk trial to Australian businesses – click here for more details.

Kinetica launches a new active analytics platform
"With the platform now powered by NVIDIA DGX-2, customers can build smart analytical applications that combine historical data analytics and ML-powered analytics."
Avi Networks: Using visibility to build trust
Visibility, also referred to as observability, is a core tenet of modern application architectures for basic operation, not just for security.
Zoom’s new Rooms and Meetings features
Zoom has released information about the upcoming releases for its Rooms and Meeting offerings for 2019.
Aussie company set to democratise direct-to-orbit IoT access
Adelaide-based Myriota has released a developer toolkit that has been trialled and tested by a smart waste management platform.
Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Inspur announces AI edge computing server with NVIDIA GPUs
“The dynamic nature and rapid expansion of AI workloads require an adaptive and optimised set of hardware, software and services for developers to utilise as they build their own solutions."