Vertek Launches Turnkey RansomMDR Service Powered by The Halcyon Anti-Ransomware Platform
Partnership brings a low-cost, high-value managed security platform and service to customers of all shapes and sizes
COLCHESTER, Vt., Sept. 27, 2023 /PRNewswire/ -- Vertek Corporation, a leading provider of end-to-end Managed Security Service Provider (MSSP) and Telecom Operations Services, and Halcyon, the world's first cyber resilience platform designed from day one to defeat ransomware, have forged a strategic threat-targeted partnership designed to better protect customers.
"We remain steadfast in our mission to ensure our customers have the right mix of security products and services to strengthen their cybersecurity defenses. Our partnership with Halcyon empowers our customers to confidently embrace the latest technologies, knowing their digital assets are protected," said Ron Hruby, Vertek's Chief Operations Officer.
The state of ransomware threat actor groups is constantly evolving, but there are a few trends that have emerged in recent years.
The number of active ransomware providers and their criminal affiliate partners continues to grow each year. According to a report by the Cybersecurity and Infrastructure Security Agency (CISA), there were twenty-three known ransomware groups operating in 2020. There are currently at least 50 ransomware providers in 2023 with hundreds or even thousands of active affiliates that target organizations worldwide. This increase is due to the lucrative nature of ransomware attacks. Ransomware groups can easily hold crucial data hostage while demanding millions of dollars in payments, and many victims are willing to pay in order to keep their businesses operational.
Ransomware by the numbers:
Ransomware groups are becoming more sophisticated. In the past, they would simply encrypt a victim's data and demand a ransom payment. However, now they are using more sophisticated techniques, such as stealing data and threatening to release it if the ransom is not paid. This can cause brand damage, invoke regulatory actions and lead to lawsuits against the victim organization.
Ransomware groups are targeting a wider range of victims. In the past, ransomware groups would primarily target large organizations. However, now they are targeting a wider range of victims, including small businesses, individuals, government offices, and even schools. This is because ransomware groups can easily find and exploit vulnerabilities in a wide range of systems.
Traditional Endpoint Detection and Response (EDR) products can be a valuable tool for detecting and responding to ransomware attacks, but like any broadly developed tool, EDR products have typical limitations:
Ransomware protection requires multiple layers of defense. The isk of letting ransomware run rampant through an organization is too large to leave to a single, broad endpoint protection solution.
Halcyon Anti-Ransomware Platform
Halcyon uses multiple unique layers of prevention to stop the process of ransomware from completing its task. If a single layer fails, Halcyon responds accordingly. A persistent actor may breach any defense, which is why Halcyon designed an autonomous resilience and recovery layer as a last resort to prevent the spread of ransomware across your company.
Halcyon defends along multiple layers through each phase of an attack: (See Figure 1)
Halcyon Anti-Ransomware is an AI-powered solution that uses a variety of techniques to detect and prevent ransomware, including:
"Many technology leaders report they have inherited security products and technologies that aren't integrated, monitored or being staffed appropriately. It's a fact that leaders are at increased risk during these types of business transformation activities," says George Rhodes, Vertek Sr. Security Analyst, "It's important to call that out- Halcyon brings targeted ransomware protection to customers that need to feel confident as they evolve."
Like any security product, Halcyon needs to be properly deployed, managed, and monitored by a modern SOC that can provide additional oversight, data enrichment and triage expertise to make decisions to adequately respond to identified threats.
Vertek RansomMDR Service
Using a combination of Halcyon's Anti-Ransomware Platform, D3 Security's Smart SOAR™ (Security Orchestration Automation Response) Platform, Vertek proprietary custom security operations, threat hunting and threat intel; Vertek has developed a custom fully managed Anti-Ransomware Managed Detection Response (MDR) cybersecurity service which is designed to actively monitor for possible compromises and intrusions on endpoints- providing alarm triage, threat analysis and taking incident response actions.
Key service features:
Key service benefits:
Packaging Vertek MDR, SOAR and SOC capabilities with the Halcyon Anti-Ransomware platform, organizations get a comprehensive Anti-Ransomware MDR solution for protecting against cyber threats, including ransomware.
"In the realm of cybersecurity, the adversaries are relentless, and the landscape is perpetually shifting. Our alliance with Vertek is not just strategic; it's essential. By melding Halcyon's state-of-the-art anti-ransomware capabilities with Vertek's profound expertise in managed detection and response, we're not merely addressing the threats of today. We're anticipating the challenges of tomorrow, ensuring that businesses have a proactive, agile, and resilient defense in an era where cyber risks are omnipresent." Said Tommy Perniciaro, Halcyon's Head of Solution Architecture
Halcyon is the world's first cyber resilience platform designed from day one to defeat ransomware. Global 2000 companies rely on Halcyon to augment existing XDR/EDR platforms and undo attacks in minutes with bypass and evasion protection, key capture and automated decryption, and exfiltration and extortion prevention. For more information, visit https://www.halcyon.ai/
About Vertek Corporation
Vertek Corporation is a leading end-to-end Managed Security Service Provider (MSSP) and Telecom Operations Provider that accelerates speed to market with customer-centric, process-driven technology solutions. As a trusted partner for over 30 years, Vertek's portfolio provides clients a competitive edge with comprehensive managed cybersecurity solutions and turnkey telecom operation services. For more information, visit www.vertek.com.
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