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January 8, 2018

Denim’s Response to Recent Cyber Threats

How Denim is positioned to weather cybersecurity issues in stride.

Cybersecurity

These days, announcements about security vulnerabilities are a dime a dozen. That’s why likely no one was surprised to start off 2018 with an announcement about a pair of security flaws present in nearly every device.

Called Meltdown and Spectre, the vulnerabilities could allow a hacker to read sensitive data stored in the device’s memory. This might include passwords stored in a password manager or browser, personal photos, emails, instant messages, and even business-critical documents. The Meltdown flaw mostly affects Intel-powered machines like desktops or MacBooks, while the Spectre flaw affects processors from AMD and ARM. That means smartphones are also likely affected by the processor flaw.

The good news is that, as of this writing, there have been no known cases in which these vulnerabilities have been used maliciously. And there are already patches available to protect devices from the immediate threat while a long-term solution is figured out.

As soon as the Meltdown and Spectre vulnerabilities were announced, Denim began working closely with IBM to ensure our systems are appropriately patched. IBM’s history of cybersecurity innovation and its commitment to proactively keeping information safe is one of the many reasons Denim chose to build our platform on the IBM Cloud.

But Denim’s commitment to cybersecurity doesn’t stop there. We have also intentionally partnered with top-notch cybersecurity, insurance, and financial services experts to lead and advise Denim into the future. Our board members include:

  • J.D. Johnson, Executive Vice President, Corporate Business Process Officer & Chief Information Officer for American National Insurance Company
  • Matthew Hargrove, Investor
  • Frank Wise, Technical Advisor and Co-Founder of Denim
  • Gregory Bailey, CEO and Co-Founder of Denim

“I’m honored to join the board of Denim to help them reimagine marketing and distribution in the insurance and financial services industry,” said Johnson when he joined the board in April 2017. “Information and cybersecurity are critical to the future of the insurance industry, and I look forward to bringing my perspective on these topics to the Denim team.”

It’s clear the pace of new security threats won’t be slowing down in 2018. But with the right team, partners, and technologies in place, companies like Denim will take them all in stride.

If you have any questions about Denim’s approach to security, feel free to contact us or schedule a demo.

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