FireEye [NASDAQ:FEYE]: Battling Today's Advanced Cyber Attacks

FireEye [NASDAQ:FEYE]: Battling Today's Advanced Cyber Attacks

CIO VendorDavid DeWalt, Chairman & CEO
The financial industry has emerged as one of the most attractive targets for cybercriminals. The frequency and intensity of cyber attacks on financial institutions has increased exponentially in the past few years. In addition, the financial losses from cyber attacks have reached into the billions. To counter today’s threats, financial institutions need to increase and accelerate their efforts to protect their data and systems. California based FireEye is reimagining cyber security. “Organizations are looking for a strategic defense partner to protect them over the long haul. This partner must be able to innovate as fast as attackers—and adapt as customers’ needs grow,” says David DeWalt, Chairman of the Board and CEO of FireEye. “It isn’t about ‘outsourcing’ security. It’s about investing in the knowledge and expertise of a company that is 100 percent focused on detecting, analyzing, and resolving today’s threats.” FireEye goes beyond signature based security, helping financial organizations detect advanced and never-before-seen cyber attacks.

The company is transforming detection and incident investigation with their cloud-based Threat Analytics Platform (TAP). Built ‘by security practitioners for security practitioners’, TAP provides enterprise-wide visibility, codified detection expertise and guided investigation workflows to amplify the defense against today’s most sophisticated cyber-attacks. TAP applies threat intelligence, expert rules and advanced security data analytics to boisterous event data streams. By revealing suspicious behavior patterns and generating alerts that matter, security teams can prioritize and optimize their response efforts.

TAP enables security teams to identify and effectively respond to cyber threats by layering enterprise-generated event data with real-time threat intelligence.

Deployed as either hardware or software, TAP collectors passively watch network traffic and construct events to describe the activity it sees.Event data is compressed, encrypted and sent to the cloud for centralized log retention, real-time threat analysis and incident investigation– ensuring your team remains vigilant–enterprise wide. And because the network sensors are centrally managed from the cloud, there’s no need for additional management consoles. The platform enables clients to quickly search through billions of events, typically within seconds, and correlates event logs with FireEye threat intelligence to discover the presence and impact of a threat.

In addition, FireEye’s iSIGHT Intelligence provides organizations with nation-grade level tactical, operational and strategic intelligence. It collects and correlates information on the motivations, intentions, and methods of attackers to help organizations proactively assess the risks that they face, detect and prevent attacks and build the attack context for the alerts that they face. On the other hand, FireEye Network Security (NX) solutions protect against known and unknown advanced attacks with the signature-less Multi-Vector Virtual Execution (MVX) engine, conventional intrusion prevention system (IPS) and intelligence-driven detection. This enables faster detection, more accurate alerts and reduced noise. Meanwhile, with FireEye as a Service, the company focuses on threat validation and proactive analyst-driven hunting for signs of compromise in an organization. Using FireEye investigation technologies like Enterprise Forensics, Threat Analytics Platform and Endpoint Security, FireEye team retrieves and analyzes data from a firm’s network traffic recordings, security device logs, and every endpoint in their environment.

The cyber security market is estimated to grow more than 170 Bn dollars by 2020, at a Compound Annual Growth Rate (CAGR) of 9.8 percent from 2015 to 2020, according to a report from Markets and Markets. FireEye sees the growing adversaries in the capital markets and wants to continue identifying connections between alerts prioritizing them and getting actionable contextual intelligence for rapid remediation.

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Top 10 Cybersecurity Solution Providers for Capital Markets 2016

Company
FireEye

Headquarters
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Management
David DeWalt, Chairman & CEO

Description
Offers a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments