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Option3 Appoints Karl P. Kilb III as Chief Strategy Officer for ENIGMA Zero Trust Platform

Posted on December 9, 2024December 9, 2024 By Martin Hinton

Option3, a cybersecurity private equity firm, has named Karl P. Kilb III as Chief Strategy Officer (CSO) for its ENIGMA Zero Trust platform. He brings over 30 years of experience, including 22 years at Bloomberg LP, where he established its global legal department and led enterprise sales.

Kilb emphasized ENIGMA’s role in tackling critical cybersecurity issues, stating, “Option3 is at the forefront of addressing difficult cybersecurity challenges that America must get right – from critical infrastructure to the automotive sector, and more broadly to areas like cyber insurance. My experience establishing new sectors aligns with this mission. I’m eager to accelerate ENIGMA’s success at a time when the adoption of Zero Trust must be a priority for companies and our country.”

“Range of Experiences”

Option3’s Managing Partner, Manish Thakur, praised Kilb’s unique skill set, saying, “Karl brings Option3 a range of experiences essential to introducing new technologies and products in the market. His ability to scale enterprise-wide sales, secure intellectual property, and close major agreements makes him a rare and invaluable addition to our team.”

Karl P. Kilb III, Operating Partner and First Chief Strategy Officer

ENIGMA specializes in protecting Operational Technology (OT) and Internet-of-Things (IoT) networks using Zero Trust principles. Organizations such as NATO and the White House Communications Agency have already deployed its technology. The platform now targets commercial markets, starting with healthcare.

Option3 combines decades of investment expertise with national security insights to build leading cybersecurity platforms. ENIGMA reflects this vision, aligning with President Biden’s executive order mandating the adoption of Zero Trust.

Source: Cyber Investment Firm, Option3, Names Longtime Bloomberg Executive Karl P. Kilb III as Operating Partner, and First Chief Strategy Officer at its Zero Trust Platform.

Other News: Cyber Liability and Risk Management: CISOs Tackle Challenges – Report(Opens in a new browser tab)

Other News: Blue Yonder investigating data theft claims after ransomware gang takes credit for cyberattack.

Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

Cybersecurity, Cybersecurity people Tags:Chief Strategy Officer, cyber liability insurance, cyber security, Cybersecurity, ENIGMA, ENIGMA Zero Trust Platform, Karl Kilb, Karl P. Kilb, Option3, Ransomware, Zero Trust Platform

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

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Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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