BullWall, a global leader in ransomware protection for critical infrastructure based in Vejle, Denmark and Wilmington, Delaware US, has appointed Steen Lomholt-Thomsen as Chief Executive Officer and Kerry Grimes as EVP and Chief Partner Officer.
The Company also recognized several 2023 benchmarks and growth indicators, marking the company’s most aggressive growth year since its launch in 2017, including the North America launch of its ransomware kill switch to North America, the launch of BullWall Server Intrusion Protection (SIP), 50% Growth in ARR, as well as new customers, channel partners and hires.
Steen most recently served as BullWall Chairman of the Board and Chief Revenue Officer of Clarivate, a frontrunner in advanced analytics software, and was previously Chief Revenue Officer of Aveva, a global leader in industrial software. His robust track record in commercial scaling, business growth, sales transformation, and M&A demonstrates his ability to drive success and commercially scale companies across various sectors of the technology industry.
“BullWall Ransomware Containment, the first and only ransomware kill switch, entered the North American market this year, having shut down ransomware attacks within seconds at several of Europe’s top companies and organizations. In the earliest phases of one of the first U.S. installs, BullWall Ransomware Containment identified a ransomware attack in progress, a discovery that became one of the top public sector stories of 2023,” he he said.
“The world’s policy makers are, at long last, awakening to the realization that ransomware attacks are conducted by highly sophisticated and extremely well-funded syndicates,” said Steen. “The question now has become: is it time to mandate that organizations implement ransomware last-line-of-defense safeguards, knowing that an attack is a case of when, not if?”
Newly appointed BullWall Chief Partner Officer Kerry Grimes, noted: “Zero day attacks are doubling every few months, and unfortunately, most organizations rely solely on endpoint detection and response (EDRs) as their primary prevention strategy against ransomware, unaware that these are unable to prevent or thwart zero day attacks. Only BullWall can do so.”
Kerry was most recently Global Head of Partners for Aveva, where he managed relationships with over 5,000 partners, and aided customers of all sizes in achieving effective, profitable digital transformations. He was previously Divisional Vice President of Global Partners for PTC Inc. and drove a highly partner-driven market and operations expansion.
“On behalf of Axcel, I am thrilled that we have been able to attract two very experienced and proven software senior executives to BullWall. It’s a testament to the incredible strength and potential of BullWall’s suite of cybersecurity software products on a global scale. With these two appointments, we have finalized the build-out of the leadership team, and we are looking forward to working with Steen, Kerry and the rest of the team to fulfill the growth potential of BullWall in the coming years,” says Axcel Partner Christian Bamberger Bro.
In addition to the North American launch of its award-winning ransomware containment solution, Steen noted other major product benchmarks BullWall achieved in 2023, including the global launch of BullWall Server Intrusion Protection (SIP), which brings multi-factor authentication (MFA) behind the firewall to protect servers and thwart breach attempts. SIP protects RDP sessions – the entry point for 50 percent of all ransomware deployments — with MFA that detects and entraps unauthorized users, preventing their ability to install ransomware or perform other nefarious actions while also identifying and isolating any compromised device or credentials. SIP’s MFA approach to MFA does not require a second device, resulting in a user experience so frictionless that users are happy to fully deploy it for every server login, a requirement most are unaware is mandatory to be compliant with most cybersecurity insurance policies.
Recent research conducted by market researchers at Cybersecurity Insiders underscores the need for BullWall: 79 percent of cybersecurity professionals surveyed believe their organization is likely to be targeted by a malware/ransomware attack in the next 12 months, and 77 percent incorrectly believe their endpoint security solution (EDR) can sufficiently protect their servers against malware attacks. Moreover, only 35 percent were confident in the organization’s current ability to remediate ransomware after it locks or encrypts data within their systems, and 35 percent mistakenly believe they can recover from an attack in a few days, despite research showing that recovery averages months.
For more information, visit BullWall: https://bullwall.com/
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