In preparation for the GDPR, Dublin-based Corvil has launched a new security analytics solution, to help identify malicious behavior.
The upcoming General Data Protection Regulation (GDPR) mandates notification of a data breach within seventy-two hours. Therefore, the ability to quickly detect abnormal user behavior, network access patterns and data exfiltration is imperative.
To combat these challenges, Corvil claims its new solution helps organizations identify malicious behavior from compromised user accounts that increase the risk of data theft and reputational damage. The RegTech now provides unified, granular visibility and insight to activity across users, hosts, applications, and services. By presenting a prioritized list of the most suspicious users in the environment as well as activity across associated devices of all types, security teams can rapidly see, understand and act on evasive threats and protect high-value assets.
“Organizations today face unprecedented risk from cyber-attack and data loss,” said Graham Ahearne, director, security product management. “As the automation and sophistication of attacks increases, all too often compromised user accounts, attacker footholds within the environment, and careless or malicious insiders are the elusive source. Our new user-centric analytics provide security analysts with a unified view of all user activity on the host and on the network combined with automated risk-scoring, and actionable intelligence to accelerate detection, triage and response.”
The Corvil solution captures and analyzes L2-L7 network activity in real-time, detecting patterns of attack. Through streamlined workflows and intelligence sharing with the broader security and network Operations ecosystems, security teams can combat threats. Analysts can triage, forensically investigate and respond to incidents such as insider threats, evasive attack movements and ransomware attacks. Corvil claims that security teams can ‘more quickly and with confidence’, detect, identify the source, and determine the impact of breaches – live and retrospectively.
Its solution is complemented by the machine learning-driven virtual security expert, Cara, released last year and deployed at some of the largest financial institutions in the world, to autonomously identify vulnerabilities and attacks in electronic financial transaction environments.
Cara’s daily cybersecurity intelligence report includes a cyber risk assessment score, with Corvil Security Analytics providing the additional granular, forensic record of user and host activity to help support compliance with emerging cybersecurity and data privacy regulations such as GDPR.
Earlier this month, Corvil launched a new solution that establishes a system of traceability to Coordinated Universal Time (UTC). The solution is used for monitoring, analysing and reliably reporting activity on electronic trading networks, a mandatory requirement for businesses to comply with pending financial regulations such as MiFID II and the Consolidated Audit Trail (CAT).
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
