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LTI Partners with Securonix & Snowflake to Strengthen Cybersecurity Offerings

Larsen & Toubro Infotech, an international technology consulting and digital solutions firm, has partnered with Securonix, a leader in next-gen Security Information and Event Management (SIEM), and Snowflake, a leader in secure cloud computing.

LTI’s Active eXtended Detection & Response platform (Active XDR) will be used to detect internal and external risks early, contextualise and defeat threats with enhanced intelligence-led hunting operations, and automate incident response time thanks to the partnership. LTI Active XDR secures billions of critical alerts and records by storing them in a safe data lake.

“Guarding against cyber threats has become a top priority for every enterprise. LTI Active XDR, backed by the latest technologies from Securonix and Snowflake will strengthen our ability to combat ever-growing threats, responding to increasing ransomware attacks and phishing campaigns on critical infrastructure, large enterprises, and federal sector,” said Sanjay Jalona, CEO & Managing Director, LTI.

“‘Bring your own Snowflake’ is an ideal managed service program, significantly reducing the costs and complexity of scaling advanced threat detection and response services across multiple customer environments. We look forward to bringing additional solutions to market with LTI that more effectively secure today’s cloud and complex enterprise environment,” said Sachin Nayyar, CEO, Securonix.

“Chief Information Security Officers (CISO) are looking for alignment with the CIO to gain richer insights, improve scalability and drive savings. LTI is a strategic partner for Snowflake that has been recognized for its innovation and ability to help customers migrate from legacy solutions. We look forward to extending our partnership into cybersecurity together with industry-leader Securonix and its cloud-native ‘Bring your own Snowflake’ SIEM solution,” Said Christian Kleinerman, SVP of Product at Snowflake.

LTI’s cybersecurity strategy is built on assuring business continuity, brand equity, and managing external compliance. LTI is addressing to the need of the hour by scaling its advanced cyber security managed services to its enterprise customers around the world, equipped with state-of-the-art Cyber Defence Resiliency Centres (CDRCs), a centre-of-excellence (CoE) for cyber security.

Microland And Securonix Formed Partneship To Deliver State-Of-The-Art Managed SOC Solutions

Microland, a worldwide leading firm in digital transformation services, announced a strategic partnership with Securonix, a provider of Next-Gen SIEM platforms to enhance its managed Security Operations Center offering. The collaboration would enable businesses to gain from advanced artificial intelligence-based solutions to detect and eliminate threats in a world where data theft is on the rise and data protection is becoming increasingly difficult due to a highly complex security landscape.

“Microland advocates a Cyber Resiliency First approach to defend enterprise critical assets and a strategic partnership with Securonix, a Gartner Magic Quadrant leader, is a significant milestone. It reiterates our commitment to providing a Modern Managed SOC with behavior analytics, powered by the elastic Securonix cloud, with ADR – true open XDR Architecture,” said Robert Wysocki, SVP & Global Client Solutions Leader, Cybersecurity, Microland.

Microland provides a 24 x 7 SOC-as-a-Service solution that tracks and records the organization’s expanding digital footprint, contextualises the value of data assets, inspects the IT estate for cyber threats, and protects it by taking real-time necessary actions. Microland would enhance its cyber security services by adding functionality to trace advanced threats and provide artificial intelligence-based security incident response, leveraging Securonix capabilities in UEBA, online monitoring, and log management.

“We are thrilled to be working with Microland to help customers thwart the advanced attacks that modern organizations experience daily. Our modern, proactive approach to enterprise defense, coupled with Microland’s global presence, is sure to deliver unmatched value to organizations looking for a managed SOC offering. The early traction we have experienced together has been incredible, and we look forward to building on that momentum throughout the balance of the year and beyond,” said David Wagner, Vice President, Global MSSPs & Systems Integrators, Securonix

Anti-Money Laundering (AML) challenges | Intelligent Automation, AI and Machine Learning

Intelligent Automation, Artificial Intelligence (AI), and Machine Learning (ML) are increasingly being incorporated into AML Technologies:

Financial outlook is experiencing a revolutionary transformation, tech-savvy customers expect banks to deliver smoother and swifter experiences. As a result, financial enterprises are embracing new technology innovations and integrating intelligent automation with AI and ML into their AML compliance solutions which is the future banking. Intelligent automation, AI and ML are crucial as it empowers banks to manage large volume data-sets, combat and prevent frauds quickly thereby optimizing operational efficiencies, by reducing costs and maximizing profits.

AI and ML identify patterns and supports the systems in acquiring configuration rules based on the patterns and information detected. Furthermore, ML aids in detecting suspicious financial transactions and money-laundering activities thereby flagging suspicious activities and helps in reducing false positives. Hence, it is crucial for banks to adapt to intelligent automation, AI, and ML and incorporate them into AML solutions.

AML Key Drivers_Intelligent Automation, AI and Machine Learning

The AML software, when coupled with intelligent automation, Al and ML can offer a lot of benefits like reduction in compliance costs, enhanced transaction monitoring process thereby providing an enhanced and effective solution.