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MSSP Alert 2022 Top 250 MSSPs Company Profile: Anchor Technologies

Risk management and mitigation to reduce exposure for financial investment, projects, engineering, businesses. Concept with manager’s hand turning knob to low level. Reduction strategy.

Anchor Technologies, No. 228 on MSSP Alert’s 2022 Top 250 MSSPs list, was founded in 2002 and is headquartered in Colombia, Maryland. The company has 12 employees who are focused fulltime on cybersecurity.

Peter Dietrich, Anchor Technologies’ president and chief executive officer, explained his company’s business philosophy:

“It’s our passion and we firmly believe that most of today’s breaches could be prevented with a planned, purposeful cybersecurity program. Our team of seasoned cyber experts have spent two decades performing engagements in every industry vertical including breach response, penetration testing, cyber maturity analysis, and security technology integration. We take pride our unique real-world approach to cybersecurity and our prevention first focus. It’s how we’ve helped hundreds of customers improve their security posture over the last 20 years.”

Anchor Makes Gains in 2022

Looking back on 2022, Dietrich said that Anchor Technologies extended its expertise in breach prevention and risk management to develop the “first truly comprehensive risk management platform for all parties.” Known as myCYPR, the platform is a prevention-based solution that provides a new way of assessing and visualizing risk data.

As Dietrich explained:

“It’s flexible, consistent and beneficial to all parties, with views and dashboards for principal organizations and their vendors. We designed myCYPR with the intent to strengthen relations between organizations and vendors, for the duration of the relationship, rather than simply reporting on point-in-time faults. myCYPR was launched and showcased at RSA Conference 2022 with impressive reception.”

In addition, 2022 saw the introduction of Anchor Technologies’ Managed Planning & Prevention (MPP) offerings. MPP represented an evolution of the company’s advisory services into multi-year complete cyber management programs.

MPP is a solution to co-source an organization’s cybersecurity program and provides proactive planning and prevention that aligns with business objectives, ensuring organizations are fully protected by a robust, custom cyber program, Dietrich explained.

Pandemic Impacts Business

The Covid-19 pandemic changed some of Anchor Technologies’ business plans. Explaining the impact on the business, Dietrich said:

“We initially attended the RSA Conference 2020 with our risk management platform, intending for it to be released later that year. Two years later, we officially launched at RSA Conference 2022. But it was absolutely worth the wait. We took that time to build something we are confident the industry is lacking.

“After two decades of cybersecurity consulting and really listening to the struggles of our customers, we know the existing offerings from risk management solutions are falling short. People are done with chaotic spreadsheets and endless requests for self-assessment questionnaires, which are all written and responded to different, by the way. We listened, and I strongly believe we delivered.”

Clients, Partners Propel Business

Among its key alliances, Anchor Technologies is a long-standing partner of eSentire.

“We’ve been a top provider of the solution for seven years and cited by CEO Kerry Bailey as a key player in eSentire’s growth and success,” Dietrich said. “We’re able to provide a well-rounded cybersecurity strategy for our customers by offering and pairing multiple cyber solutions, like our risk management solution, myCYPR, with MDR solutions, like eSentire. The partnership with eSentire has been key for the growth of our business and our service offerings."

Noting two recent client wins, Anchor Technologies added a national non-profit to its complete cyber management program, as well as Los Angeles-based private equity firm to the myCYPR platform.

“This marked the largest deal for our risk management platform, and particularly sparked a lot of interest and recognition moving forward,” Dietrich said.

Looking ahead to 2023, Anchor Technologies plans to advance breach prevention and all-party risk management solutions for its customers.

“We’re only just starting to see the improvements our platform is bringing our customers and our priority for 2023 is getting it in front of cyber professionals who can benefit from it,” Dietrich said.

And there’s more:

“We’re also prioritizing staying up to date with current threats and activity. Some may think it goes without saying, but in an industry that evolves as rapidly as cyber, you must take the initiative to stay on top of what’s coming. At Anchor, we’re making efforts to explore security in the metaverse, blockchain technologies, cloud-based threats, and next-generation application threats. Our priority is to always be ahead of the market, especially now having developed our own platform for risk management. We’re always considering our next updates.”

Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.