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Bitdefender and ThreatQuotient have teamed up to improve Threat Detection capabilities through Shared Intelligence

Bitdefender, a leading cybersecurity company, announced a strategic partnership agreement with ThreatQuotient, a leading security operations platform innovation, to integrate Bitdefender Advanced Threat Intelligence with the ThreatQ™ Platform. ThreatQuotient customers, such as enterprises with a security operation centre (SOC), managed security service providers (MSSPs), and managed detection and response (MDR) providers, will benefit from the partnership because it will give them greater visibility across the global threat landscape, allowing for more accurate detection and faster response to threats.

“The proprietary real-time threat intelligence provided by Bitdefender strengthens our clients’ ability to accurately detect, assess and validate emerging threats so they can take faster actions to eliminate them from environments. Bitdefender is recognized globally for having best-in-class threat intelligence and threat detection capabilities validated by MITRE and other leading independent testing organizations. ThreatQ customers will have contextualized insights on advanced persistent threats (APTs), malicious email campaigns and other dangers under one centralized view to quickly assess, validate and respond. Our collaboration has proved invaluable to our customers by increasing visibility into malicious campaigns as threat frequency and sophistication continues to rise,” said Jonathan Couch, senior vice president, strategy at ThreatQuotient.

Bitdefender’s threat intelligence feeds, such as file hashes, IP addresses, and domains connected with advanced persistent threats (APTs); malware domains; IP addresses associated with attacker command and control (C&C) servers and phishing campaigns, all are integrated with ThreatQuotient’s ThreatQ™  Platform. These feeds are incorporated into the ThreatQ platform by security teams based on unique threat detection needs, thanks to easy-to-use and  integration. All of the newest threat updates are delivered to SOCs and internal security teams without the need to modify configurations or build new software code.

“Our collaboration with ThreatQuotient helps organizations become more cyber resilient as methods for evading detection become increasingly advanced. Threat intelligence platforms like ThreatQ greatly improves detection capabilities and situational awareness across the entire operation while prioritizing SOC activities based on threat risk and potential impact,” said Andrei Florescu, vice president of product management, Bitdefender Business Solutions Group

Corero’s latest software release improves DDoS protection at the network edge and for 5G

Corero Network Security plc (AIM: CNS.L), a leading provider of real-time, high-performance, automated Distributed Denial of Service (DDoS) cyber defense solutions, has released the latest version of its award-winning SmartWall Threat Defense Director product. These new features make it easier than ever for Corero and Juniper clients to keep their businesses running by providing a cutting-edge, an automatic DDoS Protection solution and deploy it as a value-added service to their downstream customers.

Traditional blackholing, out-of-band scrubbing centres, on-demand cloud services, and human intervention are no longer viable business practises as DDoS attacks continue to expand in scale, frequency, and sophistication. Juniper Networks and Corero Network Security are continuing their long-standing and successful partnership to create a groundbreaking new solution against DDoS attacks using Juniper NetworksTM MX Series Universal Routing Platforms and Corero Network Security’s SmartWall software intelligence. This integrated DDoS solution provides automatic, real-time detection and line-rate mitigation, scaling from 100 Gbps to 40 Tbps as a customer’s needs develop. Across the network edge, it uses always-on packet-level monitoring, automated machine analysis, and high-performance infrastructure-based enforcement.

Today, we are highlighting some of the enhancements made to our SmartWall Threat Defense Director (TDD):

  • Visibility into 5G mobile traffic for subscriber-side DDoS protection with GTP payload inspection;
  • Attack source Geolocation and Autonomous System awareness IP intelligence Plug-in;
  • DDoS protection as a service with multi-tenant Service Portal and Tenant-Awareness Plug-in;
  • Flexible upstream Traffic Control with BGP policy for saturation prevention and multi-vendor support.

“The newest enhancements to SmartWall TDD now make it easier than ever for customers to deliver automatic, real-time DDoS protection. Our partnership with Juniper allows both Corero and Juniper to deploy an industry leading DDoS protection solution, leveraging their SDN-enabled MX Series routers and Corero’s software intelligence. These software enhancements enable us to deliver leading protection against the growing threat of DDoS.” said Corero CTO, Ashley Stephenson.

Drata Raises $25M in Series A Funding to Accelerate Growth of its Cybersecurity and Compliance Automation Platform

GGV Capital led a $25 million Series A round of funding for Drata, next-generation cybersecurity and compliance automation startup. The fresh funding comes six months after the company raised funds in its first seed round and launch out of stealth. Through automated security control monitoring and evidence gathering, Drata’s platform assists businesses in achieving and maintaining ongoing compliance. Along with many strategic investors and security practitioners, the round included new investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund.

“Comprehensive proof of a company’s security and compliance posture has quickly become a requirement for doing business. Drata’s technology allows a company to streamline the audit preparation process, get immediate visibility into real-time security performance, and understand exactly how their controls map to various compliance frameworks. The company has proven to be a true industry disruptor with their continuous approach to compliance, and GGV looks forward to supporting the team as they rapidly scale.” says Oren Yunger of GGV Capital.

SVCI is an angel syndicate comprised of some of the world’s top CISOs, all of whom have firsthand experience with compliance difficulties. The organisation decided to back Drata as the category leader after seeing the new approach Drata brings to the table and reviewing available solutions in the industry.

Clearco, SmartRecruiters, The Good Face Project, 360 Insights, and Trust & Will are among Drata’s current customers, which span a wide range of industries. The funds will be used to hire for important go-to-market functions and to expand the Drata platform beyond SOC 2 to include ISO 27001, the European compliance counterpart, and other security frameworks.

“In a matter of minutes, we had Drata integrated with our environment and continuously monitoring our controls,” says Christine Smoley, Security Engineering Lead at Clearco. “We’re now able to see our audit-readiness in real time and receive tailored insights outlining exactly what needs to be done to remediate gaps. The Drata team has removed the headache from the compliance experience and allowed us to engage our people in the process of establishing a ‘security-first’ mindset.”

Drata stands apart in an increasingly competitive field by taking an automation-driven approach to ongoing compliance. Users can get immediate visibility into their security program and automate the compliance process from start to finish, including employee onboarding, policy generation, vendor management, risk assessment, and more. The company aims to give consumers the quickest time-to-value while minimising the number of additional tools needed. Drata is the first compliance automation solution based on a single-tenant database design, ensuring that no customer’s data ever comes into contact with another’s.

“We knew that there had to be a better way,” says Adam Markowitz, Drata’s CEO and Co-Founder. “We launched Drata to help customers automate compliance and build trust. We also developed our platform with customization and flexibility top-of-mind, allowing for the seamless addition of new security frameworks and use by companies from startup level to enterprise. The market response has been astounding. We onboarded our 100th customer 60 days after the initial launch and are growing at an average month-over-month rate of 100%. With the addition of ISO 27001 and more to come, we’re looking forward to helping more companies achieve and maintain continuous compliance.”

Enterprise Fraud Management – An Overview

Enterprise Fraud Management (EFM) is a centralized framework for risk management, providing comprehensive risk analysis and application of controls for identifying internal and external frauds across all users, accounts, and channels in the organizations by transaction monitoring and customer profiling. Furthermore, it helps in identifying malicious behaviour and corruption in real-time thereby combating risks, minimizing losses, ensuring regulatory compliance, and optimizing operational efficiencies across the organization and entities.
EFM platform gives higher visibility in identifying threats and mitigating these threats. EFM solutions also offer a unified dashboard, enabling real-time monitoring of transactions and raising alerts for anomalies if required.

Some Noteworthy Features of EFMs are –

  • Centralized Data Repository – Businesses are developing centralized data repositories for clients’ accounts and transactions data for various products and services across multiple channels. EFM solutions process large quantities of data in real-time to create detailed profiles of clients and employees using high-performance computing technology based on machine learning, which can be used to detect and investigate money laundering and fraud.
  • Fraud Risk Assessment – A fraud risk assessment is a vigorous and continuously improving process. Organizations do thorough fraud risk assessments to identify individual fraud schemes and risks, assess their probability and magnitude, check existing fraud control actions. They introduce new rules and regulations to improve fraud detection. EFM solutions use risk scores to assess fraud based on guidelines provided by enterprise firm and analysed historical information. The new cloud-based EFM solutions are flexible enough to adapt these new rules and risk assessment tasks.
  • Real-Time Detection using Analytics – Since fraudsters are becoming more advanced, EFMs must evolve at a faster rate. EFM solutions allow for in-depth analysis of internal and external data collected from all resources for real-time fraud detection. In addition to rule-based fraud detection, sophisticated predictive fraud models fuelled by analytics on massive quantities of data are being developed. Risk is assessed in real-time for each transaction using a combination of parameters, algorithms, and cumulative statistics by comparing the characteristics of each customer’s or employee’s conduct with the fraud models and recorded patterns of behaviour. Techniques like graph visualization are used to identify underlying patterns and irregularities in data. EFM’s have forensic tools for e-fraud investigation. The aim is to use all available data to detect illegal activity before it happens and to avoid it before a customer’s account is compromised.
  • Scalability and Performance – EFM solutions are cloud-based, so there are no data storage and processing limitations. Financial institutions like banks with millions of customers and billions of transactions can be monitored with EFMs while retaining the fast detection needed in real-time environments. These organizations can leverage EFM’s cross-channel fraud management, user-centric fraud detection based on advanced AI. EFM solutions can easily correlate fraud events across the organization.
  • Enterprise Case Management – Enterprise Case Management uncovers hidden relationships in financial transactions. It is created primarily for financial fraud detection and investigations in the EFM solutions, it is built on previous fraud cases. These prebuilt and streamlined cases include key areas of fraud, which ease the process of fraud detection.

In the digital era, with evolving technologies, fraud attacks are also increasing at an alarming rate, indicating organizations to include Enterprise Fraud Management solutions to mitigate threats and frauds in the risk landscape.