WEBINAR
GigaOm Radar Report for PTaaS: How to Make a Smarter Investment in Pentesting
WEBINAR
GigaOm Radar Report for PTaaS: How to Make a Smarter Investment in Pentesting

It’s a Three-Peat! Cobalt Named “Outperformer” for the Third Year Running in GigaOm’s Radar Report for PTaaS

What is it about winning something three years in a row that is so difficult? Almost all of the teams and individuals that have achieved a three-peat in their respective area of expertise are referred to as “The GOAT” (greatest of all time) or collectively “The Greats.” 

This honor is well deserved, but what do they all have in common? What have they done to separate themselves from the competition and accomplish something few have ever done? These great champions have shown that winning over a long period of time takes hard work, consistency, commitment, determination, expertise, and the drive to continually find ways to improve.

When most Americans hear the term “three-peat”, they think of Basketball, Michael Jordan, and the Chicago Bulls who did it twice; first in 1991-93, and then again in 1996-1998. The LA Lakers and Boston Celtics are the only other NBA teams to accomplish this.

Here are some other champions that have won three-peats: 

  • In European football, Real Madrid became the first team to win three consecutive UEFA Champions League titles in 2016–2018.
  • Did you know that the three-peat has never been accomplished in the NFL? (Though the Kansas City Chiefs have a chance to do it this year after starting 9-0.)
  • Professional tennis players with a three-peat include Martina Navratilova, Steffi Graf, Serena Williams, and Chris Evert for the women, and Rafael Nadal, Roger Federer, and Novak Djokovic for the men. All of these players are considered icons in the sport.
  • For the non-sportsing folks, Magnus Carlsen, the Norwegian grandmaster, was the World Chess Champion every year from 2013 to 2021.
  • The most recent DEF CON Capture the Flag (CTF) winners Maple Mallard Magistrates accomplished the three-peat in 2024, taking home the prestigious hacking award for the third consecutive time.

Given this list of who’s who, we think it’s a big deal that Cobalt is the only vendor to three-peat as an Outperformer in the 2024 GigaOm Radar Report for Penetration Testing as a Service (PTaaS).

Whoa, are you making the leap from the Chicago Bulls winning six NBA championships with one of the greatest basketball players of all time, to a security testing vendor winning top billing in three straight industry awards? 

Simply put, yes. 

We’re proud of this three-peat. Since 2013 we’ve been striving to deliver better security outcomes with unmatched quality and speed, empowering our customers to innovate in a continuously changing cyber landscape. Backed by our dedicated community of expert pentesters, and the leading Offensive Security Testing platform, we’re committed to continual learning and growth, while working to meet the demands of an evolving market. As the only vendor to claim the coveted Outperformer title three years in a row, we’ve proven we’re the team to beat in PTaaS, and we’re in it for the long haul.

What is the GigaOm Radar report? 

GigaOm, a leading independent industry research firm, provides technical, operational, and business advice for IT’s strategic digital enterprise and business initiatives. This year's Radar Report for PTaaS examines 13 of the top Pentesting as a Service solutions, comparing different offerings against critical capabilities and key business criteria. The report provides an overview of the PTaaS market along with an in-depth look at each solution, with the ultimate goal of helping companies evaluate PTaaS offerings to make more informed investment decisions.

The key business criteria measured in the report includes attributes like:
Flexibility: Ability to adapt testing methodologies, schedules, and scopes to meet diverse organizational needs and changing security landscapes. 
Scalability: Ability to efficiently handle increasing volumes of testing across growing and evolving IT infrastructures.
Speed: The rapidity with which security tests can be initiated, executed, and reported, as well as the timeliness of vulnerability detection and remediation.
Risk Reduction: Effectiveness in identifying, prioritizing, and mitigating security vulnerabilities, thereby lowering an organization's overall cybersecurity risk.
Cost: The total financial investment required for implementation, operation, and maintenance of the service, including both direct and indirect expenses.

Why do we need a report outlining the pentesting market?

If you need a pentest, there is an almost infinite list of service providers who can help. While some of these vendors specialize in different types of pentesting, the majority can deliver external third-party penetration tests for your applications, networks, and APIs that meet basic security and compliance requirements. In addition to the number of vendors, there are numerous different delivery methods. 

The GigaOm Radar report clearly articulates the value and benefits of the PTaaS model, in addition to outlining the important criteria for selecting the best provider based on your needs. According to the GigaOm Radar Report, “From a CxO perspective, PTaaS addresses several critical business imperatives. First and foremost, it provides continuous visibility into security vulnerabilities, enabling proactive risk management and reducing the likelihood of costly data breaches. By automating and streamlining security testing processes, PTaaS can significantly reduce the costs associated with traditional penetration testing methods. It also helps organizations maintain ongoing compliance with various regulatory requirements by providing regular, comprehensive security assessments and detailed reporting.

Three reasons why being a three-time champion is a big deal

While Cobalt is not a professional sports team, we are honored to be recognized by GigaOm for the third year in a row for our hard work, consistency, determination, and expertise as a leader in PTaaS. 

1. Setting the pace for PTaaS. Cobalt pioneered the PTaaS delivery model back in 2013. More nimble, scalable, and continuous testing methods are crucial in today's rapidly evolving threat landscape, where traditional point-in-time security assessments are no longer sufficient.

“Cobalt was classified as an Outperformer, due to its aggressive roadmaps and success executing them to yield very strong scores across multiple key features and emerging features. The vendor also has a track record of providing frequent releases and updates.”

2. Culture of Innovation: As the report outlines, we continue to focus on innovation and building out a world class offensive security platform. GigaOm applauds our strengths including expert pentesters, a streamlined testing experience, automation including ASM and DAST, and integrations with SDLC technologies, along with easy retesting of findings.

“Cobalt is positioned as a Leader and Outperformer in the Innovation/Platform Play quadrant of the PTaaS Radar chart.” 

3. Delivering for our customers year after year: We strive to deliver quality pentesting for our 1300+ customers week in and week out. Backed by the Cobalt Core of 450+ expert pentesters, we’ll deliver more than 4000 pentests in 2024 alone. In fact, we’re on pace to shatter our own record as we enter our end of year compliance and security testing crunch. With Cobalt you can launch a pentest in as little as 24 hours, start remediating in real time as vulnerabilities are discovered, and have the report in hand in just 18 days.

“Cobalt's PTaaS solution demonstrates particular strength in scenarios requiring rapid deployment and testing, making it well-suited for organizations with fast-paced development cycles or those responding to urgent security concerns.”

 

Elevate your security game to championship levels

Ok, so maybe we’re not on the same level as sports or pop culture icons like MJ, Serena, or Taylor Swift, who is the only artist ever to three-peat for “Video of the Year” with a win at this year's 2024 MTV VMAs. But when it comes to security testing and compliance, Cobalt is separating ourselves from the competition. Download the report now to learn how Cobalt is leading the pack in PTaaS.

Pentesting is just one part of Offensive Security. In addition to the GigaOm Radar Report for PTaaS, check out the GigaOm CxO Solution Brief with a broader look at Cobalt’s Offensive Security Testing solution including ASM, DAST, Red Teaming, Social Engineering, and other services to help you build a holistic offensive security solution to identify and remediate exploits before someone else does. 

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About Kevin Miller
Kevin Miller is a Senior Staff Product Marketing Manager at Cobalt. You can usually find Kevin chatting with customers, researching competitors, performing market analysis, and collaborating with internal stakeholders on product and messaging enhancements. With over a decade of experience in Attack Surface Management, Application Security, Pentesting, and DevSecOps, Kevin has a knack for simplifying technical concepts and communicating them to the market. More By Kevin Miller