PLATFORM SECURITY

OpenText Security Cloud Powers and Protects Businesses

OpenText | June 03, 2022

OpenText
OpenText™ , a global leader in information management, today announced an expanded suite of security solutions to address the heightened state of cyber security in today's vulnerable world. With OpenText, organizations of every size can protect their data and systems against evolving threats. OpenText is showcasing new and enhanced security offerings that strengthen cyber resilience for SMBs, government agencies, and enterprises at this year's RSA Conference in San Francisco at booths #4214, #4221 and #1535.

Real-time threat intelligence is an essential component of a business's cyber resilience strategy. Further to the findings from the 2022 BrightCloud Threat Report, new quarterly findings released today from BrightCloud® Threat Intelligence show:

1122% increase in phishing in the first quarter of 2022 compared to 2021 Q1 phishing numbers, indicating a buck in the trend of hackers taking holiday in Q1;
For the first time, Instagram broke into the top five most impersonated brands for phishing, demonstrating increased targeting of younger users; and
36.1% reduction in malware encounters for customers using both endpoint and DNS protection versus only endpoint protection, reinforcing the added efficacy benefit of securing DNS and using layered security.

To ensure cyber resilience, organizations must deploy strong, multi-layered security and data protection policies to prevent, respond, and quickly recover from threats. OpenText has expanded its security offerings with new technology and increased capabilities that enable businesses to confidently power and protect information continuously at the data, application, infrastructure, and edge layers with intelligence and insights across the perimeter and endpoints.

"With security risks escalating worldwide and a persistent state of evolving threats, compromises are inevitable, security remains job number one," said Mark J. Barrenechea, OpenText CEO and CTO. "Through our breadth of OpenText Security Cloud, we make it easier for businesses to increase their cyber resilience posture and protect themselves against threats. And if a vulnerability unfortunately leads to a breech, our solutions enable quick detection, response, and recovery to minimize disruption."

"Texas Tech University Health Sciences Center, (TTUHSC), a large medical school serving more than 100 counties in the western portion of Texas, needed a trusted partner to help us protect our operations from cyberattacks. OpenText MxDR has been responding to our needs effectively and because it is a 24X7X365 service, our experience has been seamless," said TTUHSC, ISO, Lane Timmons.

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions.

Spotlight

As cloud adoption accelerates, organizations are increasingly placing their trust
in third-party cloud service providers (CSPs).

Spotlight

As cloud adoption accelerates, organizations are increasingly placing their trust
in third-party cloud service providers (CSPs).

Related News

PLATFORM SECURITY

Thrive Acquires Edge Technology Group

Thrive | July 04, 2022

Thrive, a prominent supplier of cybersecurity and digital transformation managed services, announced today the acquisition of Edge Technology Group, a leading worldwide technology consulting and fully managed IT service provider for alternate investment managers located in Connecticut. Edge Technology Group's purchase adds new worldwide offices and data centers in the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, bolstering Thrive's international footprint for all clients. Edge clients throughout the world, including hedge funds, private equity companies, family offices, and asset managers, will now have access to Thrive's next-generation managed cybersecurity, collaboration, and cloud services. Edge, founded in 2007, is a worldwide technology advisory and fully managed financial services IT service company that offers alternative investment manager advisory services and cloud computing solutions. Edge services over 300 hedge fund, asset manager, private equity, REIT, and wealth management clients, offering public cloud configurations tailored to each client's specific business needs. Edge Technology Group employs 265 people, including a team of client-focused IT strategists and engineers. "Edge Technology Group is the leading Financial Industry MSP in the world. Their talented engineering and account management teams will now have access to the Thrive Automation Platform and our 24x7x365 comprehensive suite of Cybersecurity SOC services to enhance the Edge client experience." Rob Stephenson, Thrive's CEO "As a founder-owned managed services provider, we are fully immersed in advancing clients' alternative investment practices via our IT advisory services and cloud computing solutions. Edge is thrilled to join the Thrive family as their client-first commitment is perfectly aligned with ours and their advanced cybersecurity, automation, collaboration and managed services platform will expedite our customers' Digital Transformation journey," said Jim Nekos, CEO, Edge Technology Group. Thrive will have over 1,000 people servicing customers all around the globe as a result of this purchase, consolidating its position as the premier technology outsourcing service for the financial industry. Edge Technology Group is Thrive's fourth acquisition in 2022, solidifying the company's worldwide position as a premier technology supplier offering end-to-end managed services and unrivaled experience to achieve secure digital transformation.

Read More

PLATFORM SECURITY

SilverSky and NRTC Announce Cybersecurity Partnership

SilverSky | June 03, 2022

SilverSky, a cybersecurity innovation that provides advanced managed detection and response (MDR) services, and NRTC, a member-driven and technology-focused organization located in Herndon, Virginia, announced today an agreement to provide cybersecurity services to NRTC members. NRTC, which already offers a wide range of managed services to its energy and telecom members will now add SilverSky's award-winning MDR services to its portfolio, allowing the cooperative to offer its members the most up-to-date managed cybersecurity services. Managed endpoint protection, multi-factor authentication, and security awareness training are among the services provided, as are vulnerability assessments, penetration testing, and email security. "Accompanying our ongoing emphasis on serving frequently underserved healthcare organizations and educational institutions, this partnership with NRTC helps expand that effort with a distinct focus on the needs of our nation's rural communities. SilverSky's MDR services are powerful, yet easy to deploy and affordable – offering an appealing mix for NRTC's members. We look forward to working with the NRTC Managed Services team to provide these valuable services." Jason McGinnis, President and COO at SilverSky Jon Bartleson, President of NRTC's Managed Services division said that "Our members provide essential electric and telecommunications services to rural America and thus are obvious targets for hackers. It is vital we arm them with comprehensive cybersecurity tools and resources. Cybersecurity is a top priority for our members and staffing for these types of roles is a major challenge. We chose to partner with SilverSky to make sure we could offer comprehensive, affordable managed cybersecurity to our members." On June 7 at 2 p.m. Eastern, SilverSky and NRTC will offer a webinar for NRTC members. On the NRTC website, members can subscribe for Managed Cybersecurity Made Simple, Affordable, and Accessible for Telcos and Electric Cooperatives.

Read More

PLATFORM SECURITY

Sophos Announces Sophos X-Ops

Sophos | July 21, 2022

Sophos, a global leader in next-generation cybersecurity, today announced Sophos X-Ops, a new cross-operational unit linking SophosLabs, Sophos SecOps and Sophos AI, three established teams of cybersecurity experts at Sophos, to help organizations better defend against constantly changing and increasingly complex cyberattacks. Sophos X-Ops leverages the predictive, real-time, real-world, and deeply researched threat intelligence from each group, which, in turn, collaborate to deliver stronger, more innovative protection, detection and response capabilities. Sophos today is also issuing “OODA: Sophos X-Ops Takes on Burgeoning SQL Server Attacks,” research about increased attacks against unpatched Microsoft SQL servers and how attackers used a fake downloading site and grey-market remote access tools to distribute multiple ransomware families. Sophos X-Ops identified and thwarted the attacks because the Sophos X-Ops teams combined their respective knowledge of the incidents, jointly analyzed them, and took action to quickly contain and neutralize the adversaries. “Modern cybersecurity is becoming a highly interactive team sport, and as the industry has matured, necessary analysis, engineering and investigative specializations have emerged. Scalable end-to-end operations now need to include software developers, automation engineers, malware analysts, reverse engineers, cloud infrastructure engineers, incident responders, data engineers and scientists, and numerous other experts, and they need an organizational structure that avoids silos,” said Joe Levy, chief technology and product officer, Sophos. “We’ve unified three globally recognized and mature teams within Sophos to provide this breadth of critical, subject matter and process expertise. Joined together as Sophos X-Ops, they can leverage the strengths of each other, including analysis of worldwide telemetry from more than 500,000 customers, industry-leading threat hunting, response and remediation capabilities, and rigorous artificial intelligence to measurably improve threat detection and response. Attackers are often too organized and too advanced to combat without the unique combined expertise and operational efficiency of a joint task force like Sophos X-Ops.” Speaking in March 2022 to the Detroit Economic Club about the FBI partnering with the private sector to counter the cyber threat, FBI Director Christopher Wray said, “What partnership lets us do is hit our adversaries at every point, from the victims’ networks back all the way to the hackers’ own computers, because when it comes to the FBI’s cyber strategy, we know trying to stand in the goal and block shots isn’t going to get the job done. “We’re disrupting three things: the threat actors, their infrastructure and their money. And we have the most durable impact when we work with all of our partners to disrupt all three together.” Sophos X-Ops is taking a similar approach: gathering and operating on threat intelligence from its own multidisciplinary groups to help stop attackers earlier, preventing or minimizing the harms of ransomware, espionage or other cybercrimes that can befall organizations of all types and sizes, and working with law enforcement to neutralize attacker infrastructure. While Sophos’ internal teams already share information as a matter of course, the formal creation of Sophos X-Ops drives forward a faster, more streamlined process necessary to counter equally fast-moving adversaries. “Effective cybersecurity requires robust collaboration at all levels, both internally and externally; it is the only way to discover, analyze and counter malicious cyber actors at speed at scale. Combining these separate teams into Sophos X-Ops shows that Sophos understands this principle and is acting on it.” Michael Daniel, president and CEO, Cyber Threat Alliance Sophos X-Ops also provides a stronger cross-operational foundation for innovation, an essential component of cybersecurity due to the aggressive advancements in organized cybercrime. By intertwining the expertise of each group, Sophos is pioneering the concept of an artificial intelligence (AI) assisted Security Operations Center (SOC), which anticipates the intentions of security analysts and provides relevant defensive actions. In the SOC of the future, Sophos believes this approach will dramatically accelerate security workflows and the ability to more quickly detect and respond to novel and priority indicators of compromise. “The adversary community has figured out how to work together to commoditize certain parts of attacks while simultaneously creating new ways to evade detection and taking advantage of weaknesses in any software to mass exploit it. The Sophos X-Ops umbrella is a noted example of stealing a page from the cyber miscreants’ tactics by allowing cross-collaboration amongst different internal threat intelligence groups,” said Craig Robinson, IDC research vice president, Security Services. “Combining the ability to cut across a wide breadth of threat intelligence expertise with AI assisted features in the SOC allows organizations to better predict and prepare for imminent and future attacks.” About Sophos Sophos is a worldwide leader in next-generation cybersecurity, protecting more than 500,000 organizations and millions of consumers in more than 150 countries from today’s most advanced cyberthreats. Powered by threat intelligence, AI and machine learning from SophosLabs and SophosAI, Sophos delivers a broad portfolio of advanced products and services to secure users, networks and endpoints against ransomware, malware, exploits, phishing and the wide range of other cyberattacks. Sophos provides a single integrated cloud-based management console, Sophos Central – the centerpiece of an adaptive cybersecurity ecosystem that features a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity vendors. Sophos sells its products and services through reseller partners and managed service providers (MSPs) worldwide.

Read More