SOFTWARE SECURITY
prnewswire | October 28, 2020
HGC Global Communications Limited (HGC), a fully-fledged fixed-line operator and ICT service provider with extensive local and international network coverage, services and infrastructure, today announced the signing of a Memorandum of Understanding (MoU) with CyberSecurity Malaysia, the national cybersecurity specialist and technical agency under the Ministry of Communications and Multimedia Malaysia (KKMM).
The MoU provides a framework under which HGC will facilitate its portfolio of critical cybersecurity skillsets to the telecommunications industry whilst fostering increased cybersecurity innovation by enabling CyberSecurity Malaysia to achieve its purpose of overcoming national cyber security challenges and deliver greater ICT benefits to internet users.
The MoU will at first benefit large to medium enterprises, the financial services industry (FSI), government and semi-government bodies. The cooperation's impact will be felt beyond Malaysia's borders by reaching HGC's customers overseas, in particularly across the Asia community, and within a wide range of industry verticals such as e-health, e-commerce, e-education initiatives.
HGC provides broad range of connectivity and cybersecurity services to keep safe
Given the increase in the number of internet users has a direct implication on the increase in potential threat on information systems, it is essential to take necessary precautionary measures.
According to CyberSecurity Malaysia, between January and September 2020, Malaysia has recorded 8,366 cybersecurity incidents, including fraud, intrusion, and malicious code -- an increase of nearly 10% over compared to 2019.
Under the collaboration, HGC with its international exposure is tasked with provisioning its cybersecurity expertise including consulting, managed security services, engineering, risk management, cloud security and advisory services. This will in turn enable CyberSecurity Malaysia to boost its range of cyber security innovation-led services, programmes, and initiatives to reduce the vulnerability of digital systems, and at the same time strengthen Malaysia's self-reliance in cyberspace.
The MoU will cover cybersecurity cooperation in key areas including telecom security, IoT security and threats intelligence. The exchange of information on telecommunication networks, ICT solutions and cybersecurity can further improve cyberattack readiness and prevention measures.
Ravindran Mahalingam, HGC's SVP of International Business, said: "Cybersecurity is a paramount asset, key to HGC's vision of a connected world. As a global telecommunications service provider, we are committed to promoting sustainable development of technological innovations, keeping cybersecurity at the centre of business solutions. More, cybersecurity is important in a smart city as the infrastructure can be vulnerable and needs to avoid any breaches. HGC is dedicated to support cybersecurity for ICT and network initiatives, ensuring a secure and reliable digital business environment."
Dato' Ts. Dr. Haji Amirudin Bin Abdul Wahab, CyberSecurity Malaysia's Chief Executive Officer, said: "Today, cyber security is a major concern for most industries and the vulnerabilities are rising at an alarming rate; hence IT professionals are in high demand to analyse and overcome these threats. Moreover, these attacks could have been dealt with if those businesses have better cyber resilience. Organizations today are beginning to complement their cybersecurity strategies with cyber resilience. CyberSecurity Malaysia, a national cyber security specialist and technical center under the purview of the Ministry of Communications and Multimedia Malaysia, identifies collaboration as one way to strengthen the cybersecurity ecosystem in Malaysia. CyberSecurity Malaysia is pleased with the collaboration between global companies such as HGC to develop sustainable relationships between government and industry as well as raising the level of readiness and resilience of national cyber security and its contribution to national economic growth."
About HGC Global Communications Limited
HGC Global Communications Limited (HGC) is a leading Hong Kong and international fixed-line operator. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong's largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.
About CyberSecurity Malaysia
CyberSecurity Malaysia is the national cybersecurity specialist and technical agency under the purview of the Ministry of Communications and Multimedia Malaysia (KKMM). In essence, CyberSecurity Malaysia is committed to provide a broad range of cybersecurity innovation-led services, programmes and initiatives to help reduce the vulnerability of digital systems, and at the same time strengthen Malaysia's self-reliance in cyberspace. Among specialized cyber security services provided are Cyber Security Responsive Services; Cyber Security Proactive Services; Outreach and Capacity Building; Strategic Study and Engagement, and Industry and Research Development.
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DATA SECURITY
IBM | November 03, 2021
IBM Security today announced an expansion of its cybersecurity threat detection and response capabilities with its plans to acquire ReaQta. ReaQta's endpoint security solutions are designed to leverage AI to automatically identify and manage threats, while remaining undetectable to adversaries. This move will expand IBM's capabilities in the extended detection and response (XDR) market, aligning with IBM's strategy to deliver security with an open approach that extends across disparate tools, data and hybrid cloud environments.
As part of today's announcement, IBM also detailed a new suite of XDR offerings under the QRadar brand. IBM QRadar XDR helps security analysts break down the silos between the proliferation of point products in the industry – providing comprehensive visibility across security tools and data sources, whether in the cloud or on-premises, and equipping security teams with the insights and automation they need to act quickly. Upon closing, ReaQta's offerings will become part of this portfolio, adding expanded native XDR capabilities to IBM's security portfolio aimed at helping clients adopt continuous monitoring and rapid response as part of a zero trust approach.
Companies today are struggling to secure increasingly dispersed IT environments, with the proliferation of devices, users, and technologies spreading across clouds and on-premises infrastructure. As a result, security events are becoming more difficult and costly to detect and contain, with data breaches costing over $4 million per incident and taking an average of 212 days to identify, according to the 2021 Cost of a Data Breach Report from IBM and Ponemon Institute.
"Complexity has created a cloak that attackers are operating under, furthering their ability to circumvent defenders,The future of security is open, using technologies that can connect the security insights that are buried across disparate tools and advanced AI to identify and automatically respond to threats more quickly across their entire infrastructure, from endpoint to cloud. With our expanded capabilities via QRadar XDR and the planned addition of ReaQta, IBM is helping clients get ahead of attackers with the first XDR solution that reduces vendor lock-in via the use of open standards."
Mary O'Brien, General Manager, IBM Security
IBM Announces Intent to Acquire ReaQta
IBM's planned acquisition of ReaQta further differentiates the company's portfolio of connected, open security tools to unify and speed response to security threats. ReaQta, whose primary business office is located in the Netherlands with headquarters in Singapore, will join the IBM Security business unit upon closing. ReaQta was built by an elite group of cybersecurity experts and researchers with AI and machine learning expertise and extensive backgrounds in security operations. Financial terms were not disclosed. The transaction is expected to close later this year, subject to customary closing conditions and required regulatory reviews.
ReaQta's behavioral-based platform helps stop known and unknown threats in real-time and can be deployed in a hybrid model – on premise or in the cloud as well as air gapped environments. Through deep learning done natively on the endpoint the platform constantly improves on defining threat behavior tailored to each business per endpoint, allowing it to block any abnormal behavior. ReaQta's platform also leverages a unique 'Nano OS' that monitors the operating systems from the outside, helping to prevent interference by adversaries.
"Our mission at ReaQta has been to better equip the defenders, who are tirelessly striving to stay ahead of cyber threats, with advanced technology to quickly identify and block new attacks," said Alberto Pelliccione, CEO at ReaQta. "Joining forces with IBM will enable us to enhance and scale our unique AI capabilities across all types of environments via a proven platform for threat detection and response."
QRadar XDR Suite: Open, Connected Approach to XDR
An evolution of the IBM QRadar security intelligence portfolio, IBM QRadar XDR is a suite of security software built on IBM's open, cloud-native security platform, Cloud Pak for Security. IBM QRadar XDR spans the core foundational capabilities of threat detection, investigation, and response to help organizations modernize their existing IT and security infrastructure.
IBM is implementing an open connected approach to XDR, leveraging its commitment to open security and the Open Cybersecurity Alliance, as well as alliances and integrations with 200 plus cloud and security vendors, creating the industry's largest XDR ecosystem. The QRadar XDR suite also includes IBM native security technologies that customers can choose to leverage for Security Information and Event Management (SIEM), Network Detection and Response (NDR), and Security Orchestration Automation and Response (SOAR).
Now with the addition of ReaQta, the QRadar XDR suite will also include an option for Endpoint Detection and Response (EDR), allowing IBM to provide native capabilities for all core XDR functions, while also providing clients the option to leverage existing investments and third-party tools across IBM's broad partner ecosystem. IBM QRadar XDR will also be designed to deliver more accurate alerts while helping reduce manual processes via pre-built detection and response automations.
IBM QRadar XDR is also designed to be deployed by managed security service providers, including IBM and others.
Connecting Existing Investments
Building further on IBM's open approach to XDR, the company also introduced XDR Connect, which helps companies connect and automate threat detection and response across existing toolsets. Part of the QRadar XDR suite, XDR Connect provides a unified streamlined workflow for alert triage, investigation and threat hunting, automated root cause analysis, and response, by connecting to organizations' existing tools or IBM's own XDR technologies.
XDR Connect offers a centralized management of security incidents with pre-defined detection and response rules via more than 30 open source, pre-built integrations, and data connectors. It also provides access to the latest threat intelligence insights and data from IBM and third parties. This unique approach allows companies to better capitalize on existing security investments, modernize with new security tools and data sources, and simplify their overall security operations with unified, AI-driven workflows designed for faster, streamlined response.
About ReaQta
ReaQta is a top-tiered AI Autonomous Detection & Response platform, built by an elite group of cyber security experts and AI/ML researchers. Built with advanced automated threat-hunting features, ReaQta allows organizations to eliminate the most advanced threats in real-time. As experts in AI and behavioral analysis, ReaQta's proprietary dual-AI engines provide organizations across all industries with autonomous, real-time and fully customizable endpoint security, minus the complexity. As a result of automation coupled with intuitive design, ReaQta's customers and partners benefit from performance improvements and are now able to manage and secure more endpoints without the need for highly skilled staff.
About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide.
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SOFTWARE SECURITY
prnewswire | November 04, 2020
Vulcan Cyber, the weakness remediation organization, today declared Vulcan Remedy Cloud, a free assistance based on the world's biggest information base of curated solutions for a huge number of security weaknesses. By sharing the Remedy Cloud library of fixes with the worldwide weakness the board network, Vulcan Cyber gives an amazing asset that smoothes out crafted by remediation by helping security and IT groups all the more viably organize remediation crusades.
In related news, Vulcan Cyber today reported Vulcan remediation examination, which adds ground-breaking business insight abilities to its remediation arrangement stage.
"Vulnerability management should be a means to an end, but due to process breakdowns there's never an end -- just a growing backlog of vulnerabilities that require remediation," says Yaniv Bar-Dayan, Vulcan Cyber co-founder and CEO. "We've identified a critical breakdown in the process when security teams hand off vulnerability remediation tasks to IT operations teams. Vulcan Remedy Cloud streamlines this workflow by providing both teams with remediation playbooks. This one function is extraordinarily effective at creating cross-team alignment and cooperation. We're proud to offer Remedy Cloud as a free service to our community to help enterprise organizations get fix done."
Cure Cloud is an independent, free form of the Vulcan remediation knowledge abilities previously offered through the Vulcan remediation coordination stage. This remediation knowledge is the missing connection for any "found-to-fixed" remediation work process. Vulcan cures incorporate the correct patches, the best design contents, and even workarounds and repaying controls to support security and IT tasks groups rapidly tackle the most troublesome weaknesses. Vulcan remediation knowledge adds endeavor scale remediation arrangements intended to encourage more synergistic and productive remediation by coordinating cures with weakness filter, prioritization, fix and design the executives instruments.
Security groups frequently distinguish and organize weaknesses yet the genuine work of remediation is finished by IT tasks, DevOps, and site dependability designing groups. Cure Cloud enables these groups to distinguish and adjust on the most ideally equipped solutions for the work, sparing time and exertion. This Vulcan Cyber freemium offering is important for a more extensive activity to help weakness the board programs become more compelling at driving remediation results. With Remedy Cloud, Vulcan Cyber opens a significant asset to whole infosec and IT people group to advance a "complete fix" outlook.
Vulcan Cyber is assisting with quickening the business' move from uninvolved weakness the board to dynamic weakness remediation and robotized digital cleanliness.
About Vulcan Cyber
Vulcan Cyber has developed the industry's first vulnerability remediation orchestration platform, built to help cybersecurity and IT operations teams to collaborate and "get fix done." The Vulcan platform orchestrates the remediation lifecycle from found to fix by prioritizing vulnerabilities, curating and delivering the best remedies, and automating processes and fixes through the last mile of remediation. Vulcan transforms vulnerability management from find to fix by making it possible to remediate vulnerabilities at scale. The unique capability of the Vulcan Cyber platform has garnered Vulcan Cyber recognition as a 2019 Gartner Cool Vendor and as a 2020 RSA Conference Innovation Sandbox finalist.
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