Q1. Brian, ReliaQuest's co-management security services, depends to a large extent on your company's ability to recruit highly skilled security staff. What's your strategy for finding and recruiting the expertise you need to deliver your range of enterprise security services?
ReliaQuest has industry-leading growth and retention rates of both customers and RQ team members. The secret to our success is our commitment to developing talent ahead of demand through ReliaQuest University (RQU). From our advanced curriculum that simulates actual environments and scenarios to provide meaningful context that speeds up the learning process, to our investment in ReliaQuest University's Leadership Academy that enables our organization to create technical and team leadership opportunities for our employees, RQU provides a wealth of career growth potential. Our full-time instructional designers work across the ReliaQuest ecosystem of team members, partners, and customers to create a capability where we can take individuals that have all the intangible skills and give them the practical training needed to develop our own talent. We do this at every level of the organization, therefore enabling us to scale without being concerned about our workforce keeping up.
There is a well-documented shortage of trained cyber security professionals to fill jobs worldwide, but there is no shortage of people that have the talent and would love to work in the industry. ReliaQuest has invested millions of dollars and years of time to give that large group of people an opportunity to be a part of a great industry. Our investment in innovation also drives our retention rates by automating the security operations process at every step of the way, creating proprietary technology that removes low value-add, time-consuming work. In turn, this frees up our people to do the more interesting and valuable analysis, development, etc. that keeps them engaged and excited to learn, while delivering best-in-class outcomes for our customers that result in high customer retention rates. This commitment to automation and training and development proves that you can create a great environment for people to work while also growing a business that provides significant value to a talented customer base.
Q2. Joe, talk to us about ReliaQuest's Cyber Simulator and why it matters for your employees and for customers?
The Cyber Simulator is an extremely critical part of our training program. We originally designed it for training our analysts and engineers in a real-world environment that mimicked a typical corporate environment. We included a mix of security technologies such as firewalls, IDS/IPS, WAF and antimalware software as well as the traditional enterprise servers. We also simulated a user environment with a mix of various operating systems and applications. Once we got the actual environment set up, we intentionally made some of the servers and workstations vulnerable so we could run automated attacks created by our Red Team. These attacks would then create logs for the variety of security technologies (SIEM, EDR, UEBA, etc.) and generate alerts that the students could train against, therefore speeding up the time to learn.
Creating an environment that our employees could practice in based on realistic events proved to be a game changer in how prepared they were coming out of training. It drastically shortened the time to get an analyst or engineer ready to work in real customer environments. Since the Simulator contains such a wide variety of offensive and defensive tools and applications, we also use it as a demo environment to show customers how a particular technology should be optimized or holds up against real Red Team exercises. Once we got the Simulator tuned with feedback from our training department, we also started allowing customers to attend some of our training classes free of charge. The reason why we offer the training for free is because it significantly helps our team when working with the customer if everyone is speaking the same language and trained on the same Incident Response procedures.
Q3. Brian, what's driving demand for services such as those that ReliaQuest offers? What impact do you foresee automation and AI having in this space?
The demand for our services is driven by our ability to work with our customer's team to deliver consistent and reliable security outcomes while planning and executing a path to evolve the customer's security capability, ultimately being able to reduce risk and deliver value to the larger organization over and above security. We work with our customers to make sure they are demonstrating the true value of the work they are doing, from the Board of Directors down, in a way that is easy for the organization as a whole to understand.
At ReliaQuest, automation, machine learning, and AI have been developed and deployed successfully, solving problems at scale at the enterprise level. Our success is driven by millions of dollars of investments made to automate and enhance the security operations process in a way that can be individualized for each customer. Our solutions allow the customer to maximize the ROI on the security tools it already owns, tailored to fit the organization's current architecture, all done alongside its internal security team in its own actual environment.
We don't sell the customer a platform, create and forward tickets, or manage point technologies. We work with the customer to make them their own security platform. We have successfully automated: our cyber analysis process, the health and performance management of point technologies in the customer environment, the separation of actionable vs. non-actionable security information improving ROI on security tools, purpose-driven hunting capabilities, etc., all without requiring the customers to send their data offsite.
Q4. Joe, what are ReliaQuest's plans at Black Hat USA 2018? Why is it important for your company to be there at the event?
Black Hat is an extremely important conference for us. It is one of only a few events each year that we get to interact with such a large population of the security community, whether it's prospects, existing customers, or other attendees and researchers interested in the same areas of security we are in. There are many teams from ReliaQuest that attend with different agendas, but the most important aspect of the conference is the opportunity to share, learn and work closer to the industry as a whole. It provides us a chance to get together in person with our existing customers, either for our Customer Advisory Boards or just to socialize with everyone in the relaxing environment that is Las Vegas! Additionally, our presence at the conference allows for our researchers to see what new security projects or issues have been happening over the past year, and what areas we can expect to see gain relevance in the coming months. Black Hat is also very helpful in providing an environment that we can meet with prospective clients where everyone is already in the security mindset.
There are many events every year that ReliaQuest attends, each with their own focus and expected outcomes. Black Hat is one of the major ones that we use as an opportunity to strengthen our existing and prospective customer relationships, as well as gain a ton of knowledge on innovative security projects or research in a wide variety of areas in security.