NASDAQ OMX

Leading Insurer Enlists Corvil Security Analytics to Reduce Cyber Risk

Dela

Firm cites superior visibility into user and host activity as well as integration into broader cybersecurity ecosystem among differentiators in selecting Corvil

NEW YORK, April 04, 2018 (GLOBE NEWSWIRE) -- Corvil today announced one of America's most highly rated financial institutions, with more than $80 billion in assets under management, has implemented Corvil Security Analytics to deliver real-time network traffic visibility, user activity analysis and network forensics to provide more comprehensive cyber threat detection and faster incident response.  

For the security team within this financial services firm, ensuring the security and compliance of sensitive data about millions of online customers was a strategic priority.  With more than 80 percent of breaches[1] stemming from inadvertent or malicious insiders, cyber attacks have the potential to wreak financial, reputational and compliance havoc.  According to reports[2], the number of cyber attacks against financial services companies has risen by more than 80 percent in the last year.  

In recognizing risks posed by its increasingly complex digital operations and looking for greater visibility within the network perimeter, the firm sought to fortify its security fabric. Following a competitive selection process, Corvil was enlisted to help mitigate risks associated with evasive threats. Among these threats are those that can often hide deep within normal network communications and seemingly appropriate user behavior, such as that of the firm's workforce and thousands of remote representatives.  Providing granular insights and integrated workflows, Corvil enabled faster and more complete investigations and threat hunting, resulting in more effective and efficient end-to-end security operations.  

Deployed across multiple data centers, Corvil's continuous packet capture, analysis, threat-matching, prioritization, and alerting extended the scope of threat detection across the corporate network.  The security team gained uniquely granular and contextualized insights into user and threat activity which drastically minimized the manual effort required for forensic investigation.

Dan Kennedy, Corvil VP and GM, Americas, said: "Incomplete or shallow information about suspicious activity can often be worse than none at all, owing to the tremendous overhead on security teams who must determine whether a breach has occurred and the impact thereof.  We have seen how empowering security analysts, of all levels, with greater insight can reduce attacker dwell times and improve the productivity of even high caliber security teams such as this customer."  

Corvil delivered intelligent integration with other best-of-breed security tools, extending the firm's protection fabric from the perimeter, across the network, and into endpoints, enabling the firm to:

  • Operationalize the use of threat intelligence for faster breach detection
  • Streamline and unify file extraction, threat analysis, and perimeter response with a leading next generation firewall provider
  • Simplify tracking of attack indicators and processes across the network and within hosts with Carbon Black Cb Response
  • Deliver further correlation of events and faster investigation through bidirectional workflows with a leading machine data analytics SIEM platform

Corvil's combination of unique insight and integration was a key differentiator during the competitive selection process. It enabled faster, more comprehensive response and maximized the value of their security ecosystem.   

"The advanced persistent threat landscape coupled with heightened regulatory oversight and stakeholder demands for utmost assurances from those charged with handling their sensitive data have caused cybersecurity technology budgets to surge [3] ," said  David Murray, Corvil Chief Marketing and Business Development Officer. "However a disparate and siloed set of cybersecurity technologies introduces greater levels of complexity to already overburdened security teams.  Time and time again, customers and analysts tell us that solutions designed to participate in a wider security ecosystem of data collection, analytics and policy enforcement are intrinsically more valuable. This latest win demonstrates that our strategy to design interoperable, best-of-breed solutions addresses this pressing market demand."

About Corvil
Corvil is the industry leader for deriving Security, Operational, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users. The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.

Learn more about Corvil: Corvil.com | Twitter | LinkedIn

Notes to the editor
[1] 81% of hacking-related breaches leveraged either stolen and/or weak passwords - 2017 Verizon DBIR. This means that 81% of attacks will come from hacker controlled machines inside the perimeter.
[2] https://www.professionaladviser.com/professional-adviser/news/3027071/fca-data-sees-financial-services-data-hacks-quadruple-in-2016-17
[3] According to the EY 20th Global Information Security Survey 2017-18, - 59% of respondents this year say their budgets increased over the last 12 months.                   

Contact information: 
Press Office at Corvil
+353 1 859 1040
pressoffice@corvil.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corvil via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Immunicum AB (publ) Announces Appointment of Pawel Kalinski and Inge Marie Svane to Scientific Advisory Board17.9.2018 08:00Pressmeddelande

Press Release 17 September 2018 Immunicum AB (publ) Announces Appointment of Pawel Kalinski and Inge Marie Svane to Scientific Advisory Board Immunicum AB (publ; IMMU.ST) announced today the appointment of leading oncology experts to its Scientific Advisory Board with the addition of Pawel Kalinski, MD, PhD, Vice Chair for Translational Research within the Department of Medicine at Roswell Park Comprehensive Cancer Center, and Inge Marie Svane, MD, PhD, Professor, Head of the Clinical Cancer Research programme, Faculty of Health Sciences, University of Copenhagen, Director, Centre for Cancer Immunotherapy (CCIT), and consultant in Oncology, Herlev University Hospital. Both Scientific Advisory Board members will serve as a strategic resource to Immunicum as the company continues to advance the clinical development of its lead product, ilixadencel. "We are honored to have such highly specialized experts in the field of immuno-oncology and cell therapy join our Scientific Advisory Board a

Immunicum AB (publ) meddelar att Pawel Kalinski och Inge Marie Svane har valts in i det vetenskapliga rådet17.9.2018 08:00Pressmeddelande

Pressmeddelande 17 september 2018 Immunicum AB (publ) meddelar att Pawel Kalinski och Inge Marie Svane har valts in i det vetenskapliga rådet Immunicum AB (publ; IMMU.ST) meddelade i dag att två ledande immun-onkologiska experter har valts in i bolagets vetenskapliga råd för att fungera som strategiska resurser för Immunicum under bolagets fortsatta kliniska utveckling av sin ledande produkt, ilixadencel. Pawel Kalinski, MD, PhD, vice ordförande för translationell forskning vid den medicinska institutionen vid Roswell Park Comprehensive Cancer Center, och Inge Marie Svane, MD, PhD, professor, chef för det kliniska cancerforskningsprogrammet på medicinska fakulteten vid Köpenhamns universitet, chef för Center för cancerimmunterapi (CCIT) samt överläkare inom onkologi, Herlevs universitetssjukhus har valts in i rådet. - Vi är hedrade att ha experter med specialistkompetens inom området immunonkologi och cellterapi i vårt vetenskapliga råd, vilka kan erbjuda ytterligare vägledning när det

Hoylu AB: HOYLU HIRES NEW CTO, SATOSHI NAKAJIMA AND ANNOUNCES EXPANSION INTO JAPAN14.9.2018 08:30Pressmeddelande

Malmo, Sweden, September 14, 2018 - Hoylu, a leading enterprise collaboration company, announced today Satoshi Nakajima will join Hoylu in the newly created position, as Chief Technology Officer and President of Hoylu Japan. Nakajima will guide the strategic technology direction and innovation of Hoylu while also leading the new Hoylu office in Tokyo, Japan. "Satoshi is a visionary and world-class technologist who has substantial experience in delivering world class innovations. He is joining the Company as we are extending our reach and expanding into Japan," said Stein Revelsby, CEO. "Satoshi's extensive experience in strategy and delivering technology that support a great user experience will make an immediate impact on the company." Nakajima will serve as President of Hoylu Japan and will report to Stein Revelsby. His leadership will strengthen customer relations and help develop new business among emerging and established Japanese companies while strengthening the global position

Hoylu AB: HOYLU ANSTÄLLER SATOSHI NAKAJIMA SOM NY CTO OCH EXPANDERAR TILL JAPAN14.9.2018 08:30Pressmeddelande

Malmö, Sverige, 14 september 2018 - Hoylu, ett ledande företag inom samarbetsmjukvara för företagsmarknaden annonserar idag att Satoshi Nakajima tar anställning som CTO (Chief Technology Officer) och President för Hoylu Japan. Nakajima kommer styra den strategiska inriktningen för företagets produkter och leda innovationsarbetet. Han kommer också leda Hoylus nyöppnade kontor i Tokyo, Japan. Satoshi är en visionär teknologiexpert som har stor erfarenhet av att skapa innovativa lösningar. Han kommer till Hoylu samtidigt som vi utökar marknaden till att även täcka in Japan säger Stein Revelsby, VD. "Satoshis långa och gedigna erfarenhet i strategiska frågor och tekniska lösningar med fokus på användarupplevelse kommer få stor betydelse för oss." Nakajima kommer även att bli President för Hoylu Japan och kommer rapportera till Stein Revelsby. Hans ledarskap kommer stärka existerande kundrelationer och utveckla nya affärer på den japanska marknaden och samtidigt bidra till att flytta fram p

LeoVegas AB: LeoVentures invests in esports betting - Pixel.bet13.9.2018 08:45Pressmeddelande

The LeoVegas Group, through its wholly owned investment company LeoVentures Ltd, has acquired 51% of the shares in Pixel Holding Group Ltd, which runs the esports betting operator Pixel.bet. The investment amounts to EUR 1.5 million for 51 percent of the company and is made through a new issue. Pixel.bet's vision is to create the greatest gaming experience in betting on esports www.pixel.bet "Esports is an international and fast-growing area that engages millions of viewers and players every month. With this investment in Pixel.bet we as a Group will gain unique insight into a new and fast-growing segment," comments Gustaf Hagman, LeoVegas' Group CEO and co-founder of LeoVegas Mobile Gaming Group. "In Pixel.bet we have found a passionate team of entrepreneurs who come from the esports community. With its strong technology and mobile-first gaming experience, Pixel.bet is a perfect match for the LeoVegas Mobile Gaming Group. Together we will drive development for the absolute premier exp

LeoVegas AB: LeoVentures investerar i esport betting - Pixel.bet13.9.2018 08:45Pressmeddelande

LeoVegas-koncernen har, genom sitt helägda investmentbolag LeoVentures Ltd förvärvat Pixel Holding Group Ltd, som driver esport betting operatören pixel.bet. Investeringen uppgår till 1,5 miljoner euro för 51 procent av bolaget och görs genom en nyemission. Pixel.bets vision är att skapa den främsta spelupplevelsen inom betting på esport www.pixel.bet "Esport är ett internationellt och snabbt växande område som engagerar miljontals tittare och utövare varje månad. Med investeringen i Pixel.bet får vi som koncern en unik inblick i ett nytt och snabbt växande segment.", säger Gustaf Hagman, Group CEO och co-founder av LeoVegas Mobile Gaming Group. "I Pixel.bet fann vi ett passionerat entreprenörsteam som verkligen kommer inifrån esport communityn. Med en riktigt bra teknik och spelupplevelse utvecklad mobile-first är det en perfekt match med LeoVegas Mobile Gaming Group. Tillsammans ska vi driva utveckling för den absolut främsta upplevelsen inom esport betting.", säger Robin Ramm-Ericso

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum