CISO Tribune

Vendor comparison · 2 companies

Coalfire vs Third Wave Innovations

Coalfire sells advisory, audit and assessment services. Third Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong. CISO Tribune files both under MDR and managed SOC. This page sets the two records side by side: what each sells, where it is based, who owns and funds it, the customers it names and its recent news, each fact numbered to its source.

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Up to four companies side by side.

  • Coalfire
  • Third Wave Innovations
Coalfire vs Third Wave Innovations: Products, Customers and Funding Compared
CoalfireCoalfire sells advisory, audit and assessment services.coalfire.comThird Wave InnovationsThird Wave Innovations helps growing businesses understand cyber risk, reduce exposure, stay insurable, and recover when something goes wrong.3rdwave.io
What it sells
  • Compliance Essentials[3]A SaaS platform that enterprises use to manage complex compliance programs and audit cycles.
  • Hexeon[3]A platform combining high-frequency offensive pen testing with strategic defensive risk management.
  • DivisionHex[3]A team of offensive, defensive and managed cybersecurity experts.
  • Advisory, Audit, and Assessment services[3]Services that cover the professional services layer of Coalfire.
  • AI Security and Trust Engineering[4]Services that help companies design, build and operate AI systems that meet compliance targets.
  • Security Awareness Training[1][5]Training that builds employee cyber knowledge and meets compliance training requirements.
Categories
Headquarters
Chicago, United States[2]Not stated on its pages
Founded
Not stated on its pagesNot stated on its pages
Ownership and funding
Not stated on its pagesNot stated on its pages
Named customers
Not stated on its pagesNot stated on its pages
Recent news
Not stated on its pagesNot stated on its pages
G2 and Gartner Peer Insights
  • G2: listed, seen November 10, 2026[7]
  • Gartner Peer Insights: Not stated on its pages
  • G2: Not stated on its pages
  • Gartner Peer Insights: Not stated on its pages
Who it fits
Coalfire states that it helps boards and C-level executives identify their critical assets, potential vulnerabilities and which risks to address. Coalfire offers responsible AI governance for healthcare and regulated organizations. Coalfire provides independent audit support for CMS-regulated entities. Coalfire's AI Security and Trust Engineering services are aimed at companies that design, build and operate AI systems.From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team. The pages describe customers such as a mid-sized technology company operating in the healthcare space, a services-based organization, and a manufacturing company. Third Wave Innovations aligns security controls with what insurers expect, so organizations that want to maintain cyber insurance coverage and pass underwriting are part of its audience. Security Awareness Training addresses the training requirements of compliance standards including SOC2, PCI DSS, and HIPAA. Automated Detection & Response works with existing tools for network, identity, cloud, endpoint, and office productivity.
Last verified
November 2, 2026October 19, 2026

Where they overlap

  • Coalfire and Third Wave Innovations are both filed under MDR and managed SOC.

Where they differ, field by field

  • Coalfire's primary category is Security consulting and advisory; Third Wave Innovations's is MDR and managed SOC.
  • Coalfire is also filed under Penetration testing and red team services and Compliance automation. Third Wave Innovations is also filed under Security awareness training, Vulnerability management and Third-party risk and security ratings.
  • Coalfire lists Compliance Essentials, Hexeon, DivisionHex, Advisory, Audit, and Assessment services and AI Security and Trust Engineering. Third Wave Innovations lists Security Awareness Training.
  • Coalfire is headquartered in Chicago, United States.

What it sells: Coalfire

What Compliance Essentials does[3]
Compliance Essentials supports coordinated assessments for over 75 frameworks using Coalfire's proprietary controls mapping. Data is provided to Compliance Essentials by the organization's assessment users. Compliance Essentials carries the certifications ISO 27001:2022, ISO 27701 and SOC 2 Type 2.
What Hexeon does[3]
The Hexeon platform combines high-frequency offensive pen testing with strategic defensive risk management. Hexeon uses data collected by Coalfire offensive security teams, such as penetration testing findings, vulnerability data and other data concerning technical risk.
What Advisory, Audit, and Assessment services does[3]
Coalfire's Advisory, Audit, and Assessment services cover the professional services layer of the company. Coalfire's Advisory expertise specializes in GRC, AI cloud engineering, healthcare risk and FedRAMP. Coalfire assesses, simplifies and provides guidance across PCI DSS, HITRUST, ISO, FedRAMP and 85+ frameworks.
What AI Security and Trust Engineering does[4]
Coalfire's AI Security and Trust Engineering services help companies design, build and operate AI systems that meet compliance targets. The services deploy AI agents to enhance security and compliance operations. Coalfire has a framework to secure AI systems end-to-end for compliance and risk mitigation.

What it sells: Third Wave Innovations

What Security Awareness Training does[1][5]
Security Awareness Training offers a library of over 200 short videos available in multiple languages. It includes customizable phishing simulations and pre-designed courses with dashboards and reports for tracking employee progress. It addresses training requirements of compliance standards including SOC2, PCI DSS, and HIPAA.

Questions about Coalfire and Third Wave Innovations

What do Coalfire and Third Wave Innovations sell?
Coalfire sells Compliance Essentials, Hexeon, DivisionHex, Advisory, Audit, and Assessment services and AI Security and Trust Engineering. Third Wave Innovations sells Security Awareness Training.
Are Coalfire and Third Wave Innovations in the same category?
They share MDR and managed SOC. Coalfire's primary category is Security consulting and advisory and Third Wave Innovations's is MDR and managed SOC.
Where are Coalfire and Third Wave Innovations headquartered?
Coalfire is headquartered in Chicago, United States.
Who are Coalfire and Third Wave Innovations sold to?
Coalfire states that it helps boards and C-level executives identify their critical assets, potential vulnerabilities and which risks to address. From its own pages, Third Wave Innovations sells mainly to growing businesses, including small and midsized organizations without a full security team.

About Coalfire

Coalfire sells advisory, audit and assessment services.[1][3]

Coalfire's Advisory, Audit, and Assessment services cover the professional services layer of the company. Coalfire's Advisory expertise specializes in GRC, AI cloud engineering, healthcare risk and FedRAMP. Coalfire assesses, simplifies and provides guidance across PCI DSS, HITRUST, ISO, FedRAMP and 85+ frameworks.[3]

Compliance Essentials supports coordinated assessments for over 75 frameworks using Coalfire's proprietary controls mapping. Data is provided to Compliance Essentials by the organization's assessment users. Compliance Essentials carries the certifications ISO 27001:2022, ISO 27701 and SOC 2 Type 2.[3]

The Hexeon platform combines high-frequency offensive pen testing with strategic defensive risk management. Hexeon uses data collected by Coalfire offensive security teams, such as penetration testing findings, vulnerability data and other data concerning technical risk.[3]

Coalfire's AI Security and Trust Engineering services help companies design, build and operate AI systems that meet compliance targets. Coalfire's AI Security and Trust Engineering services deploy AI agents to enhance security and compliance operations. Coalfire has a framework to secure AI systems end-to-end for compliance and risk mitigation. Coalfire's Secure Agent Construct maps to AWS services to implement proper isolation, permissions, and feedback loops.[1][4]

For healthcare and federal programs, Coalfire offers end-to-end advisory for entities within the CMS environment, including readiness assessments and System Security and Privacy Plan development. Coalfire provides independent audit support for CMS-regulated entities, helping organizations demonstrate compliance with ARC-AMPE-AE and related federal security and privacy requirements. Coalfire conducts Privacy Impact Analyses for CMS entities and their contractors. Coalfire delivers automated and manual accessibility testing that meets federal standards. Coalfire provides HITRUST support across the full lifecycle, including gap assessments, policy development, remediation guidance, interim assessments and recertification. Coalfire delivers a workshop-based vendor risk program design built on three pillars: vendor criticality categorization, policy and procedure enhancement, and an SCRM tabletop exercise.[5]

Coalfire offers a unified approach to AI compliance across HITRUST and ISO 42001. The unified AI compliance offering combines readiness assessments, documentation development, remediation support, coordinated assessments, and continuous AI compliance monitoring. Coalfire provides responsible AI governance for healthcare and regulated organizations. Coalfire vCISO services provide program oversight, roadmap development, executive and board reporting, risk leadership, and incident readiness support. Coalfire advisors lead executive tabletop exercises, conduct business impact analysis, and build downtime continuity plans. Coalfire training offerings include incident response training, compliance and privacy training, and executive and board tabletop exercises.[5]

Coalfire helps boards and C-level executives identify their critical assets, potential vulnerabilities, and what risks to address based on business objectives. Dr. Adrian Mayers, Global CISO at Premera, is a Coalfire client. Coalfire released a SOC2 Type 2 report covering the examination period of 3/1/2025 to 2/28/2026. The Coalfire Cybersecurity team and DivHex are finalizing certification to the CyberEssentials Plus standards.[1][3][5][6]

Coalfire on the record

Sources

Coalfire full record

  1. [1]coalfire.comCoalfire · coalfire.com · undated page, accessed November 2, 2026 · Tier A
  2. [2]Coalfires managed and transformation services will deliver security at scaleCoalfire · coalfire.com · published August 4, 2026 · Tier A
  3. [3]Coalfire Trust Center | Powered by ConveyorCoalfire · undated page, accessed November 10, 2026 · Tier A
  4. [4]Coalfire AI Security and Trust Engineering™ | CoalfireCoalfire · undated page, accessed November 10, 2026 · Tier A
  5. [5]Healthcare Advisory Services | CoalfireCoalfire · undated page, accessed November 10, 2026 · Tier A
  6. [6]Cybersecurity and Compliance Services | CoalfireCoalfire · undated page, accessed November 10, 2026 · Tier A
  7. [7]Coalfire Reviews 2026: Details, Pricing, & FeaturesG2 · undated page, accessed November 10, 2026 · Tier C

Third Wave Innovations full record

  1. [1]3rdwave.ioThird Wave Innovations · 3rdwave.io · undated page, accessed October 19, 2026 · Tier A
  2. [2]About Us | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  3. [3]Home | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  4. [4]Case Studies | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A
  5. [5]Security Awareness Training | Third Wave InnovationsThird Wave Innovations · undated page, accessed November 10, 2026 · Tier A

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