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Press Release

Red Lambda and TurtleBay Advisory Services Partner to Deliver
 Next Generation Cyber Risk Management Solutions


LAKE MARY, Fla. – November 6, 2018– Red Lambda, a provider of cyber risk management software, today announced that it has signed a partnership agreement with TurtleBay Advisory Services (TBAS) to bring Red Lambda’s MetaGridTM solution to its clients nationwide.  Based in New York, TBAS provides strategic business consulting focused on helping financial services, insurance and public sector organizations increase profitability, control operational risk, meet regulatory demands and grow their organizations through a range of expert services and technology transformation engagements.

Through the partnership, Red Lambda’s technology will become part of TBAS’ operational risk management offering, providing next-generation technology that will enable the company’s clients to dramatically reduce digital risk and exposure throughout their organizations.  The system’s patented technology, which leverage advances in artificial intelligence and machine learning, cuts through the noise and false positives of current systems, immediately surfacing and prioritizing high-risk incidents for near-immediate remediation. These risk insights are presented through powerful, interactive visualizations that rapidly show the cause, extent and impact on the organization in a single pane.

“We understand how critical it is for our clients to be able to rapidly mitigate cyber risk,” TBAS Founder and[l1] [AB2] [AB3]  Principal Joseph Rossi said. “This is clearly one of the key challenges they face daily, as unchecked risk can lead to financial loss, reputation damage, even litigation if not acted on immediately.  That’s why we are excited to forge this partnership with Red Lambda.  We look forward to bringing their advanced solution to our clients to enable them to identify and mitigate cyber risk across their enterprise.”

“TBAS is an outstanding fit for Red Lambda, as both of our organizations understand what is at stake and are dedicated to deploying leading-edge technology to solve one of the most pressing challenges of our time—managing and mitigating digital risk to ensure business continuity,” said Red Lambda Executive Chairman Bahram Yusefzadeh.  We are pleased to join forces with the TBAS team to expand their cyber and operational risk portfolio of solutions and services by offering our advanced technology to their clients to empower them to protect their digital assets, their reputations and their brands.”

 About TurtleBay Advisory Services

TBAS is a technology-enabled advisory firm specializing in business and technology transformation. We have Subject Matter Experts that have extensive years of practical and relevant experience in Cybersecurity, Mortgage Origination & Servicing, Unstructured Data Management, Artificial Intelligence, Machine Learning, Robotic Process Automation (RPA), and Test Automation. The strength & depth of the TBAS partner network enables to provide financial services organizations with a full range of services which include Business Transformation and IT Transformation, Cybersecurity, Process Design and Improvement, and Education & Training.

About Red Lambda

Red Lambda is the creator of MetaGridTM, a cyber risk management software platform to identify, assess, prioritize and mitigate the impact of risk on today’s global businesses and government organizations.  Through patented technology that leverage machine learning and artificial intelligence, MetaGrid sees risk across the enterprise as it is occurring, cuts through the noise and false positives of current systems, and immediately surfaces and prioritizes high-risk incidents for near-immediate remediation.  MetaGrid’s proprietary capabilities represent the next evolution in digital risk mitigation technology, empowering organizations to guard their information assets, preserve their reputations, protect their brands and ensure business continuity.