SANTA CLARA, California and RED BANK, NJ, July 14, 2021 / PRNewswire / – Entreda, an award-winning developer of integrated cybersecurity software and solutions for the wealth management and insurance industries, today announced that Red Bank, New JerseyGarden State Securities, Inc., an independent SEC-based securities broker, and its SEC-registered investment advisor Garden State Investment Advisory Services LLC, who collectively oversee $ 750 million in client assets, have selected Entreda to provide their 75 advisers and employees with access to Entreda’s leading IT platform, Unify.
The selection of Entreda by Garden State is further proof of Entreda’s position as the premier cybersecurity provider for successful wealth management companies, in an environment in which cyber threats are increasingly frequent and sophisticated. As part of the new deal, Garden State is leveraging Unify’s network vulnerability assessment, auto-remediation and penetration testing solutions, with plans to leverage additional features going forward.
Sid yenamandra, CEO and Founder of Entreda, a wholly owned subsidiary of Smarsh, said: “Even as wealth management companies – and the country as a whole – emerge from the pandemic, they should not relax their vigilance. cybersecurity. The pandemic has widened the opportunities for cyber thieves to launch their attacks, and this trend is likely to continue. Entreda’s end-to-end platforms and solutions continuously monitor corporate networks for vulnerabilities and provide visibility into the cybersecurity posture of anyone accessing their data. This is necessary for organizations to do business with confidence and to serve customers in this uncertain environment. We are excited to partner with Garden State for their cybersecurity needs. “
The Unify platform provides clients of wealth management and insurance companies with continuous network and endpoint monitoring for all network computers and other devices; The Cyber Risk Number proprietary of Entreda, a rating system that assesses the cybersecurity postures of users and organizations; Entreda’s leading self-healing; real-time network vulnerability analysis; Cybercrime awareness and anti-phishing training and third party cyber diligence.
According to the T3 Inside Information Advisor Software survey of 2021, Entreda is the market leader in cybersecurity resources, with almost 14% of the market share.
The Garden State management team first found out about Entreda’s capabilities through FINRA, which lists Entreda as a provider of its preferential pricing program.
Louis Lucky Perrotto Jr., Partner and CEO of Garden State, said, “As a company doing business over the past 40 years, we have seen how the threat of cyber attacks has grown from science fiction to everyday reality for businesses in the world. our industry. Entreda’s Unify platform gives us the tools and support we need to face this new reality with confidence and effectively protect our customers. “
Steven trigili, Garden State’s chief compliance officer, said, “When we decided to look for a new cybersecurity service provider, we wanted the best. So we researched Entreda and only heard rave reviews from other companies that have used the Unify platform. We look forward to leveraging Entreda’s technology and expertise on behalf of our advisors and their clients. “
About Entreda, a 100% subsidiary of Smarsh
Entreda is the leading provider of comprehensive cybersecurity software, systems and training for the independent financial advisory industry. Its Unify platform monitors endpoints on customer networks and automatically fixes vulnerabilities. Unify also offers advanced network vulnerability scanning and penetration testing capabilities. Entreda’s proprietary cyber risk number protects customer data by assessing users’ cybersecurity posture and limiting access to those who meet standards, and its third-party risk management program extends the same level of control to external suppliers. The company also offers security awareness training for users, as well as phishing simulation exercises. Entreda won the Wealth Management Industry Award for Best Cybersecurity Provider in 2019 and 2020 and was named in the T3 Inside Information Advisor Software 2021 survey as a market leader in cybersecurity resources. For more information visit www.entreda.com.
Entreda was acquired by Smarsh in May 2020. Smarsh is the recognized global leader in electronic communications archiving solutions for regulated organizations. Smarsh provides innovative capture, archiving, e-discovery and monitoring solutions over the broadest range of communication channels in the industry. For more information visit www.smarsh.com.
About Garden State Securities
Garden State Securities, Inc. is a full-service independent broker / dealer and Garden State Investment Advisory Services, LLC is its SEC registered investment advisor (RIA). Founded in 1980, GSS provides investment banking services and investment solutions to small businesses, corporate executives and individual investors around the world.
Entreda and Smarsh
Mitch manning / Andrew Wang
Haven Tower Group
424 317 4858 and 424 317 4859
Garden State Securities