Study Looks at DDoS Mitigation Market
Revenues for distributed denial of service mitigation products reached $517 million last year, according to new data from IHS (News - Alert) Markit. Arbor was the market place leader in terms of DDoS prevention appliance revenue in 2015. Radware held the No. 2 position. Worldwide revenue was flat quarter-over-quarter in first quarter of 2016, totaling $147 million, the research firm said. However, year-over-year revenue growth in the DDoS mitigation product market was strong, at more than 30 percent, in the first quarter of this year.
Behavioral Attack Detection Company Raises $20M
LightCyber has received $20 million in funding in a round that was led by U.S.-based Access Industries through its Israeli technology investments entity, Claltech, and Shlomo Kramer, who joined the LightCyber board of directors last year, and whose prior investment was included in this financing round. Existing investors Battery Ventures, Glilot Capital Partners and Amplify Partners also participated. “LightCyber has clearly proven that the Magna Behavioral Attack Detection platform can provide organizations with an unprecedented level of security visibility that can pinpoint active network attackers quickly and accurately and curtail a potential data breach,” said Kramer. “The market need and opportunity for the Magna platform is extraordinarily high, so it is important to facilitate rapid global expansion.”
Breach & Outage Prevention Firm Garners $8.2M
Veriflow has raised $8.2 million in Series A funding round. Menlo Ventures led the round along with current investor New Enterprise Associates. The company will use the funding to build its sales force, hire new engineering talent, and increase marketing efforts. “Our use of mathematical network verification, grounded in data-plane information, gives customers a proactive approach to identifying vulnerabilities before they are exposed to catastrophic problems,” said James Brear, president and CEO of Veriflow.
Botnet Leverages IoT for DDoS Attacks
The LizardStresser IoT botnet has been used to launch DDoS attacks against a variety of Brazilian targets including banks, government agencies, telecom companies, and three large U.S. gaming companies, according to a recent blog by Arbor’s Security Engineering & Response Team. It targeted IoT devices using default passwords, and in the process was able to grown large enough to launch a 400gbps attack without amplification.
Netsurion Names New Partner
POS Solutions has become a Gold Partner of Netsurion and, as such will resell Netsurion’s Brand Guard services bundled with its own point of sale packages. “Nothing is more important to a business than keeping its customers’ payment card data secure. But becoming and staying PCI (News - Alert) compliant is difficult and time consuming. Netsurion has been helping merchants since the inception of the standard through our affordable systems and services,” said Mark Cline, vice president of Channel Sales, Netsurion. “Plus, our managed firewall network allows control over outbound network traffic, preventing data from being sent to malicious sites and countries, as well as denying traffic requests containing other potential vulnerabilities. By partnering with POS Solutions, we have the opportunity to protect even more companies from the constant barrage of both internal and external cyberthreats.”
Analytics Apps Address Fraud
Accenture (News - Alert) is launching seven new advanced analytics applications to help organizations more effectively detect and remediate fraud. The solutions address the needs of banks, government agencies, manufacturers, and telecommunications companies. For example, Accenture’s solutions for banks include an Early Warnings offer that analyzes data coming from internal and external sources, monitors credits such as loans and mortgages to identify the potential non-payers, and provides an early warning on potentially risky customer credit activity; and Trade Surveillance, which strengthens in-house surveillance and risk detection capabilities by leveraging big data technologies, advanced analytics, and text mining algorithms on data – from internal text and voice data to social media data – to identify unusual and potentially risky or illicit trading patterns.
New Release Offers Greater Visibility
SolarWinds (News - Alert) has introduced new features to help network administrators gain greater visibility into the performance of their networks and their cloud and service providers’ networks. That includes NetPath, a feature of SolarWinds NPM 12 that can visually map hybrid network paths, and Network Insight, which provides comprehensive monitoring of load balancing environments.
BICS Leverages Crowdsourcing for Fraud Prevention
Wholesale carrier BICS has a new crowdsourcing fraud prevention platform called FraudGuard. It enables wireless operators to protect against fraud on their network by crowdsourcing details of suspicious network activity across BICS’ global customer base and then identify and block activity to known fraud destinations. The fraud database contains more than 400,000 numbers associated with criminal activity.
Guardtime, Lewis Rhodes Labs, and ObserveIT have all been named as IDC Innovators in the behavioral analytics and identity awareness market for 2016. "Traditional enterprise security mechanisms tend to ignore indicators of compromise when associated with a particular user or device. This is especially true when attackers with compromised credentials take care to move cautiously throughout the enterprise," said Sean Pike, program director, eDiscovery and Information Governance. "Singular alerts are easily buried within the mountains of data that fly across security operation's monitors, creating a unique challenge. This IDC Innovator document highlights three vendors, each with distinct products that may be able to help organizations solve their identity problem."
Edited by Alicia Young