Iain Kerr, CEO
“We are in the midst of a heated cyber war.” While “war” is usually reserved for nation or state sponsored engagements, Iain Kerr, CEO of Red Lambda says that cyberattacks, which are waged against government and business entities threaten individual and national security as much as, or more than, “conventional” wars of the past. A menacing reality, hacking, and cyberattacks are continuously becoming more sophisticated, effective, and numerous; despite increasing investments in security, the truth is that most IT systems remain vulnerable.
A 2016 research conducted by the Ponemon Group found that the mean time to detect a data breach was 201 days, to which another 70 days are added to contain the breach. The average cost of a breach is around $4 million and the longer the time to detect a breach, the costlier it becomes, reports the same study. To that end, Red Lambda recognizes that immediate detection of network anomalies must be the new frontline focus in the war against cyberattacks.
In 2014, Red Lambda set out to reduce threat detection times, while increasing the ability to identify threat induced activity within the network. Kerr explains, “New technologies can enable organizations to mitigate data breaches by rapidly identifying threat behaviors of both known and unknown, zero day, attacks. Using patented technologies that fuse virtual supercomputing, relational stream processing, and machine learning into one unified system, our software, called MetaGrid, enables organizations to quickly detect cyber anomalies and rapidly defeat cyberattacks.” The expedited threat detection process can be attributed to MetaGrid’s agent-less virtual distributed processing g rid-architecture.
The solution provides early detection capabilities along with comprehensive tools that facilitate rapid investigation of high-risk network behaviors.
What traditionally took days, weeks, or more, MetaGrid’s state-of-the-art data processing and data storage capabilities, is now reducing the threat hunting process to minutes
Organizations can initiate timely response activities that mitigate network or data compromises. MetaGrid doesn’t displace the current security and endpoint protection systems; instead, it is designed to act as a “security rebar” in layered security environments, strengthening existing capabilities. Unlike most systems, it analyzes the data in motion and can process massive amounts of data in seconds and identify anomalous threat-induced activity.
Comprehensive analytics and intuitive graphical drill-down capabilities then enable a detailed investigation and forensic analysis of the threat. “In addition to detection, security specialists must also be able to reconstruct and visualize the sequence of threat activities throughout the entire kill chain. What traditionally took days, weeks, or more, MetaGrid’s state-of-the-art data processing and data storage capabilities, is now reducing the threat hunting process to minutes—enabling timely threat response tactics that mitigate threat effects,” continues Kerr. “For government and commercial entities, rapid detection and hunting can make a critical difference.”
Red Lambda’s technology has received recognition from many technology authorities and publications and has recently been selected by one of the leading global business analytics consulting providers as a core detection technology for integration within its solution architecture. This integration is currently near completion, and an official partnership announcement is expected later in 2017, following which, Red Lambda’s solution will be made available to the partner’s client base, located in more than 75 countries.
Kerr concludes, “How can organizations afford not to have the best possible tools to protect against cyberattacks when our most valuable assets are at risk; and the consequences of not having the best tools could be devastating?”