SecurityScorecard has filed a lawsuit against Safe Security, accusing the rival cyber risk management firm and former employee Mary Polyakova of unfair competition and misappropriating trade secrets. SecurityScorecard alleges that Polyakova stole confidential information, including details on 9,300 customers and prospects, before joining Safe Security as a sales vice president. The company claims that this stolen information, which cost them over $40 million to compile, could critically damage their business if used by Safe Security.
The lawsuit also accuses Safe Security of unlawfully accessing SecurityScorecard’s customer platform through fake accounts, using the data to enhance its own cybersecurity offerings and make misleading comparisons on its website. Additionally, SecurityScorecard alleges that Safe Security conducted fake job interviews with its employees to extract confidential business information, further intensifying the rivalry between the two companies.
Safe Security has denied the allegations, with CEO Saket Modi defending the company’s integrity and accusing SecurityScorecard of resorting to litigation due to poor business performance. Despite this, SecurityScorecard seeks monetary damages and a court order to prevent Safe Security from using or disclosing the allegedly stolen information.
SecurityScorecard emphasizes that while they support fair competition, they believe Safe Security’s actions have crossed ethical lines, stifling innovation and threatening the integrity of the market. The case highlights the intense competition in the cyber risk management industry, with both companies vying for dominance in a rapidly evolving market.
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