Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SONICWALL CAPTURE SERVICE IS FINDING, STOPPING MORE THAN 1,000 NEW UNIQUE MALWARE VARIANTS EACH DAY — A 524 PERCENT GROWTH IN THE LAST SIX MONTHS

SONICWALL CAPTURE SERVICE IS FINDING, STOPPING MORE THAN 1,000 NEW UNIQUE MALWARE VARIANTS EACH DAY — A 524 PERCENT GROWTH IN THE LAST SIX MONTHS

Cloud-Based, Multi-Engine Capture Sandbox Sees New Customer Signups Surge 55 Percent; Service Activation Up 104 Percent among Existing Customers

SonicWall, the trusted security partner protecting more than 1 million networks worldwide, announced today that its Capture Advanced Threat Protection (ATP) service — a cloud-based, multi-engine network security sandbox — achieved tremendous success in finding and stopping new malware variants and drove dramatic second-quarter customer growth.

These results are driven by the enhanced performance and proven ability of SonicWall Capture to mitigate both known and unknown cyber-attacks in real time. Following two of the most recent high-profile global attacks — WannaCry and NotPetya — SonicWall credits Capture ATP with protecting Capture-enabled customer networks from malicious zero-day attacks.

“Organisations are faced with a complex and ever-evolving threat landscape, including a daily deluge of thousands of new ‘malware cocktails’ that remix ingredients into new and more devastating attacks,” said SonicWall President and CEO Bill Conner. “SonicWall Capture ATP has proven time and again that it not only identifies new variants, but also safely contains and stops zero-day attacks. After seeing the devastating effects of WannaCry and NotPetya — and now breaches at Equifax and Deloitte — customers are increasingly responsive to solutions like Capture, which offers sophisticated and automated threat protection.”

Achieving Strong Double-Digit Attach Rate Growth

In the second quarter (FY18), the SonicWall Capture ATP service:

  • Reported a 77 percent increase in licenses sold over Q1
  • Gained popularity with net-new customers, driving a 55 percent increase in attach rate over the prior quarter
  • Saw a 104 percent increase in existing customer attach rates, as they move to better protect their networks and businesses

Detecting and Protecting Against Never-Before-Seen Malware Variants

In the wake of WannaCry and NotPetya, Capture ATP continues to register an increasing amount of chaotic and suspicious malware activity across its 1 million networks worldwide. Data recorded and analysed indicates that there are as many as 1,000 or more new variants that threaten SonicWall customer networks each business day. Capture ATP is successfully detecting and stopping new malware variants — including evolving WannaCry and NotPetya strands — from penetrating customer networks.

From a second-quarter threat perspective, the SonicWall Capture ATP service:

  • Reported 524 percent growth in the number of unique variants identified in the last six months
  • Experienced a 57 percent increase in the number of malicious files reviewed in daily traffic
  • Protected customer networks from WannaCry and NotPetya

“SonicWall Capture is fundamental to providing our customers with the necessary level of security that they require to protect their businesses and their brands,” said Jason Hill, Security Sales Director at Exertis, a leading SonicWall distributor in the UK.

A June 2017 report from Osterman Research found that about 22 percent of small businesses with less than 1,000 employees experienced a ransomware attack that forced the closure of the business. Further, according to the Ponemon Institute’s 2017 Cost of Data Breach Study, the average cost of a data breach is $3.62 million.

“The hard truth is that survival for all businesses, and especially small businesses, is on the line when the average data security incident costs millions of dollars,” said Conner.

To protect customers against the increasing dangers of zero-day threats, SonicWall Capture Advanced Threat Protection — a cloud-based subscription service available with SonicWall firewalls — detects and blocks advanced threats at the gateway until a verdict is reached.

“SonicWall Capture is an integral part of any security project that we implement with our customers,” said Solved.IT CEO Vinny Booth, a SonicWall Gold Partner in the UK. “Malware isn’t prejudice and attacks organizations of any size with zero remorse. Demonstrating how we defend organisations against these attacks using SonicWall Capture Advanced Threat Protection helps position us as a proactive cyber security partner that’s committed to the safety of our customers.”

Capture is the first advanced threat-detection offering that uses multi-layer sandboxing, including full system emulation and virtualization techniques, to analyse suspicious code behaviour and block until verdict. This powerful combination detects more threats than single-engine sandbox solutions, which are compute-environment specific and susceptible to evasion.

“You don’t have to look that far to see the impact that malware and ransomware attacks have on businesses of all sizes,” said Boughey Distribution network administrator Paul Brough, a SonicWall and Solved.IT customer in the UK. “SonicWall Capture provides us with more peace of mind in this ever-changing threat landscape.”

Capture ATP scans traffic and extracts suspicious code to analyse a broad range of file sizes and types. The SonicWall Capture Labs global threat intelligence infrastructure rapidly deploys remediation signatures for newly identified threats to all SonicWall network security appliances, thus preventing further infiltration.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post