DATA SECURITY

Cybersecurity Startup BitTrap Develops Groundbreaking Detection Technology to Address Surge in Cyberattacks

BitTrap | October 05, 2021

Startup company BitTrap has announced a blockchain-based cybersecurity solution that leverages attackers' motivations to provide singular detection capabilities. This approach differs from cybersecurity paradigms that focus on trying to keep attackers from breaking in. Instead, it assumes some have already made their way inside a network, undetected, and is designed to identify them and reduce hacker dwell time in the compromised system.

The system works by deploying a vast network of wallets in every endpoint or cloud instance. Each wallet contains a risk-adjusted bounty of cryptocurrency assets calibrated, based on research from the BitTrap Attacker Behavioral Labs, to ensure it will capture an attacker's attention. Collecting the bounty triggers an incident-response operation that alerts the organization of the breach, effectively causing the hacker to reveal their presence. The vulnerability can be quickly assessed and patched while avoiding ransomware and data exfiltration altogether.

BitTrap began operations in 2020 after cyberattacks multiplied during the global pandemic. The company's founders, who combine decades of industry experience in cybersecurity and expertise in attacker behavior, developed the groundbreaking technology to help companies actually benefit from cyberattacks. "It is very important to capitalize on security incidents, using each opportunity to learn and prioritize efforts," said BitTrap CTO Ariel Futoransky. "We need to understand our adversaries' main motivation and use it to overcome our challenges and reduce the impact of attacks. With our unique approach, we can tackle both issues at the same time. We go a long way beyond intrusion detection or deception."

The company is particularly proud of the new solution. Through the company's Attacker Behavioral Labs, Altszul said, "We intend to keep investing and developing the most sophisticated capacity in the industry to understand attacker behavior. After our initial success, we are getting ready to raise a new round of financing to fuel our expansion in the market.

BitTrap CEO Jonatan Altszul

About BitTrap
BitTrap is a cybersecurity solution company with a groundbreaking crypto approach, changing how companies face and resolve attacks while saving money along the way. BitTrap triggers immediate alarms using risk-adjusted economic incentives to reveal vulnerabilities without compromising performance. We go far beyond deception technology.

Spotlight

Understanding the risks for children. The Issue. If your child streams illegal content online, it can expose them to cyber threats, disturbing pop-ups and harmful content. It’s no longer just dodgy websites that pose these dangers, these risks can also take place on streaming devices, mobile apps and connected TVs. The Risks. Exposure to inappropriate material.

Spotlight

Understanding the risks for children. The Issue. If your child streams illegal content online, it can expose them to cyber threats, disturbing pop-ups and harmful content. It’s no longer just dodgy websites that pose these dangers, these risks can also take place on streaming devices, mobile apps and connected TVs. The Risks. Exposure to inappropriate material.

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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Synack Joins the Microsoft Intelligent Security Association, Bringing the Power of Continuous and on Demand Security to Microsoft Azure

Synack | September 13, 2022

Synack, a premier platform for on-demand security expertise, announced that it has joined the Microsoft Intelligent Security Association (MISA) and is available through integration with Microsoft Sentinel, giving enterprises globally seamless access to a worldwide network of top security researchers working around the clock to protect their cloud assets. Becoming part of MISA, an ecosystem of independent software vendors and managed security service providers, builds on a growing collaboration between Synack and Microsoft and is a testament to both organizations' commitment to providing easier, more flexible and scalable cybersecurity solutions. Microsoft Sentinel is a cloud-native, security information event management (SIEM) and security orchestration automated response (SOAR) solution designed to reduce unnecessary friction in the vulnerability remediation process. It also provides early threat detection and rapid response to sophisticated attacks to facilitate shorter resolution times and lower the number of security incidents. "Our integration with Microsoft Sentinel couldn't be more timely and important today as organizations everywhere are scrambling to find enough skilled practitioners to protect them against punishing cyberattacks. We help solve that talent gap with our platform that combines a powerful network of ethical hackers with the most advanced technology. "We look forward to building on this important relationship with Microsoft." Jay Kaplan, Synack's CEO Cyberattacks on cloud environments are expected to increase, putting enterprises and critical infrastructure providers at greater risk of supply chain, ransomware and nation-state attacks. As a result of these threats, the Biden administration has called on organizations to deploy third-party testing "to test the security of your systems and your ability to defend against a sophisticated attack. Many ransomware criminals are aggressive and sophisticated and will find the equivalent of unlocked doors." The Synack integration with Microsoft Sentinel enables customers to respond to this challenge. "Members of MISA integrate their security solutions with Microsoft's security technology to gain more signal, increase visibility and better protect against threats. By extending Microsoft's security capabilities across the ecosystem, we help our shared customers to succeed," said Maria Thomson, Microsoft Intelligent Security Association Lead. "This vibrant security ecosystem is valuable to our shared customer base because it reduces the cost and complexity of integrating disparate security tools." Synack will deliver insights through its Microsoft Sentinel integration, enabling security teams to correlate these findings with Microsoft Sentinel data to gain end-to-end visibility, comprehensively investigate and take action on threats. In addition to the Microsoft Sentinel integration and MISA membership, Synack also recently announced another integration with Microsoft's Security and Compliance for Cloud Infrastructure solution that will further enhance Microsoft Azure protections. ABOUT SYNACK: Synack's premier on-demand security testing platform harnesses a talented, vetted community of security researchers and smart technology to deliver continuous penetration testing and vulnerability management, with actionable results. We are committed to making the world more secure by closing the cybersecurity skills gap, giving organizations on-demand access to the most-trusted security researchers in the world. Headquartered in Silicon Valley with regional teams around the world, Synack protects global banks, federal agencies, DoD classified assets and more than $6 trillion in Fortune 500 and Global 2000 revenue.

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DATA SECURITY, NETWORK THREAT DETECTION, PLATFORM SECURITY

Exabeam Introduces New-Scale SIEM™

Exabeam | October 17, 2022

Exabeam, a global cybersecurity leader and creator of New-Scale SIEM for advancing security operations, today announced a groundbreaking cloud-native portfolio of products that enables security teams everywhere to Detect the Undetectable™. New-Scale SIEM is a powerful combination of cloud-scale security log management, industry-leading behavioral analytics, and an automated investigation experience. Built on the cloud-native Exabeam Security Operations Platform, the New-Scale SIEM product portfolio gives worldwide security teams the greatest fighting chance at defeating adversaries with advanced threat detection, investigation, and response (TDIR). The new product portfolio is generally available (GA) today. “Security operations teams have faced difficulty defending against complex threats and evolving adversarial behavior because technology innovation has not kept up in the realm where big data meets cybersecurity. “Exabeam is known for having the best behavioral analytics product on the market — it’s why so many of the world’s largest organizations count on Exabeam every day to help stop adversaries, including the majority now utilizing valid credentials. We are marrying behavior analytics with the world's most modern, hyperscale, cloud-native data lake to ingest, parse, store, and search data in real time from anywhere. The SIEM industry has been ripe for evolution for some time and New-Scale SIEM represents that evolution.” Michael DeCesare, CEO and President Exabeam Unmatched Performance Significantly more affordable than competitive offerings, the new Exabeam cloud-native product portfolio is built on an open platform that integrates with more than 500 different third-party products and includes nearly 8,000 pre-built parsers, greatly reducing onboarding, deployment, and run times. An industry-first, security teams can now search query responses across petabytes of hot, warm, and cold data in seconds. Organizations can now also process logs at sustained speeds of over one million events per second. “The Exabeam Security Operations Platform and portfolio of products are designed like no other on the market. We deliver the single solution security operations analysts can count on to conduct accelerated, thorough threat detection, investigation, and response (TDIR) with the most consistent and successful outcomes,” said Adam Geller, Chief Product Officer, Exabeam. “We provide security teams with a holistic picture of their environment –– data from core security products, IT infrastructure, and business applications joined with critical user and device context and timely threat intelligence data –– to detect what competitive SIEMs simply can’t. In addition to our industry-leading behavioral analytics, we’re proud to deliver world-class security log management and new modular SIEM solutions for organizations at all stages of their data growth and security journey.” Understanding Normal Behavior to Detect and Prioritize Anomalies Organizations can use Exabeam to defend against the rising threat of external and internal attacks that in today’s world are more often than not leveraging compromised credentials. More than 750 behavioral models power 1,200 anomaly detection rules in Exabeam to baseline normal behavior for every user and device. This is beyond anything a legacy SIEM can possibly create with correlation rules. For example, for an organization with basic logging, 20,000 users, and 50,000 assets, Exabeam can dynamically build and update 50 million unique detection rules. According to the 2022 Verizon DBIR, over 90% of breaches are rooted in compromised credentials. Whether it’s phishing, ransomware, malware, or other external threats, valid credentials have emerged as the adversaries’ primary target. This combined with explosive amounts of data demands a shift in investment from legacy on-premises, rule-based detections to cloud-native SIEM platforms that uniquely understand normal behavior, even as normal keeps changing. “It’s all about the credentials. Today’s announcement takes Exabeam, our customers, partners, and the SIEM market into an entirely new stratosphere,” said Ralph Pisani, President, Exabeam. “Detecting stolen or misused credentials –– and the abnormal behavior that follows –– is not possible without understanding normal behavior. If you don’t know normal behavior for every single user and device in your environment, understanding abnormal behavior in your organization is a near impossible undertaking –– this is a fundamental capability that only Exabeam can deliver on at scale.” Whether replacing a legacy product with New-Scale SIEM, or complementing an ineffective third-party SIEM solution by adding the industry’s most powerful behavioral analytics and automation to it, Exabeam can help organizations achieve security operations success. Exabeam customers are moving to and experiencing the benefits of New-Scale SIEM. “Exabeam is our holistic security operations platform that provides and coordinates automated visibility, detection, analytics, investigation, and response across our key operating environments,” said Jerry Larsen, IT Security Manager, Patrick Industries. “We have several ERP systems that all need to be protected and Exabeam does the job better than any legacy SIEM we looked at –– we’re excited to be an Exabeam customer and part of their innovation machine.” “At NEC Australia, securing our data, users, devices and infrastructure are paramount to how we operate as a technology company. Having broad and accurate visibility of our IT environment as well as the ability to recognise what’s normal behavior for our users and entities is key,” said Peter Fröchtenicht, National Service Manager – Security and Compliance, NEC Australia. “Deploying Exabeam’s SIEM has enabled our team to effectively prioritize security alerts, which has freed up time for our analysts to focus on other security tasks, whilst also having a greater understanding of our attack surface and how all our employees interact with our resources.” New Exabeam products include: Exabeam Security Log Management - Cloud-scale security log management to ingest, parse, store, and search log data with powerful dashboarding and correlation. Exabeam SIEM - Cloud-native SIEM at hyperscale with fast, modern search, and powerful correlation, reporting, dashboarding, and case management. Exabeam Fusion - New-Scale SIEM™, powered by modern, scalable security log management, powerful behavioral analytics, and automated TDIR. Exabeam Security Analytics - Automated threat detection powered by user and entity behavior analytics with correlation and threat intelligence. Exabeam Security Investigation - TDIR powered by user and entity behavior analytics, correlation rules, and threat intelligence, supported by alerting, incident management, automated triage, and response workflows. Exabeam architected its new security operations platform and New-Scale SIEM product portfolio on Google Cloud (NASDAQ: GOOGL). “We are delighted that Exabeam has built its platform and portfolio of products on Google Cloud to help more companies securely leverage their data at cloud scale,” said Gerrit Kazmaier, Vice President and General Manager, Data Analytics and Business Intelligence at Google Cloud. “The combination of Exabeam cybersecurity products with Google's Data Cloud capabilities removes limits on security team productivity, storage, and speed to fully optimize security operations.” About Exabeam Exabeam is a global cybersecurity leader that created New-Scale SIEMTM for advancing security operations. Built for security people by security people, we reduce business risk and elevate human performance. The powerful combination of our cloud-scale security log management, behavioral analytics, and automated investigation experience gives security operations an unprecedented advantage over adversaries including insider threats, nation states, and other cyber criminals. We Detect the UndetectableTM by understanding normal behavior, even as normal keeps changing – giving security operations teams a holistic view of incidents for faster, more complete response.

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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

Radware Launches New Cloud Security Center in Taiwan

Radware | August 30, 2022

Radware® , a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security center in Taiwan. The facility will enable customers in Taiwan to secure their datacenters, networks, web and mobile applications, and their APIs with minimal latency, as well as mitigate compliance processes involved in offshore routing. The new security center will protect customers against denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. This includes the OWASP Top 10 Web Application Security Risks for 2021, OWASP Top 21 Automated Threats to Web Applications, OWASP API Security Top 10, as well as volumetric distributed denial-of-service (DDoS) and application-level DDoS attacks. According to Radware’s First Half 2022 Global Threat Analysis Report, during the first six months of 2022: The number of malicious DDoS attacks climbed 203% compared to the first six months of 2021. The average number of DDoS events per month, per customer was almost 1.5 times higher in the first half of 2022, compared to 2021 and 2020. The number of malicious web application transactions grew by 38%, compared to the first six months of 2021, surpassing the total number of malicious transactions recorded in 2020. “As the size and speed of cyberattacks continue to rise, the launch of the new cloud security center in Taiwan enables us to deliver faster mitigation response times in the region along with the highest levels of security protection,” said Haim Zelikovsky, vice president of Radware’s cloud security services business. “The center also meets a growing demand for local security that complies with data sovereignty requirements.” The new security center in Taiwan is the latest addition to Radware’s cloud security network. Today, the network includes over 10Tbps of mitigation capacity across more than 50 security centers located around the globe. “Radware continues to make investments in protecting businesses and governments alike from the growing threat of cyberattacks. "Taiwan is located within an influential hub in the Asia-Pacific region. Information security is regarded as a national security issue. Setting up a cloud security center in Taiwan will help improve information security standards and increase regional cyber defenses.” Alan Lee, regional director for Radware in Taiwan and Hong Kong About Radware Radware® is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity, and achieve maximum productivity while keeping costs down. For more information, please visit the Radware website.

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