Go to the full article Byron V. Acohido: The Last Watchdog
There’s a frantic scramble going on among those responsible for network security at organizations across all sectors.
Enterprises have dumped small fortunes into stocking their SOCs (security operations centers) with the best firewalls, anti-malware suites, intrusion detection, data loss prevention and sandbox detonators money can buy. But this hasn’t done the trick.
There is a gaping shortage of analysts talented enough to make sense of the rising tide of data logs inundating their SIEM (security information and event management) systems. In many cases the tedious, first-level correlating of SIEM logs to sift out threats has moved beyond human capability. Some 27 percent of IT professionals who partook in a survey conducted by next-gen firewall supplier Imperva at RSA 2018 reported receiving more than 1 million security alerts daily.
Now toss in the fact that digital transformation is redoubling software development and data handling complexities. This has exponentially expanded the attack surface available to motivated, well-funded threat actors. This, in short, is the multi-headed hydra enterprises must tame in order to mitigate rising cyber risks.
Smart money
Enter SOAR, the acronym for “security operations, analytics and reporting.” SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity. Go to the full article Byron V. Acohido: The Last Watchdog
Read More of Mekhala Roy’s Article on TechTarget
Security professionals are struggling to keep up with today’s dynamic threat landscape as they continue to deal with security alert overload and cybersecurity skills shortage, but several security experts believe deploying security orchestration, automation and response tools can aid security teams with streamlining and improving everyday processes.
Gartner defines SOAR as “technologies that enable organizations to collect security threats data and alerts from different sources, where incident analysis and triage can be performed using a combination of human and machine power to help define, prioritize and drive standardized incident response activities according to a standard workflow.” For companies with five or more security professionals, the research outfit forecasts SOAR adoption rate to rise from 1% to 15% by 2020.
Research from Enterprise Strategy Group (ESG) found even higher adoption rates for SOAR tools. In a survey conducted last year, ESG found that 19% of responding enterprises said they had deployed operations automation and orchestration technology “extensively,” while 39% of respondents said they are deploying the technology on a “limited basis.
Syncurity, a provider of Security Orchestration, Automation and Response (SOAR), recently announced that it has raised $2 million in a seed funding round led by the Maryland Technology Development Corporation (TEDCO) along with other investors Kluz Ventures and SixThirty CYBER.
The US-based company stated that the new investment will be used to expand its technical and channel partnerships and accelerate the company’s growth globally. In addition, Syncurity also announced that it has added Michael Sutton, a former CISO of security firm Zscaler, to its Board of Advisors.
Founded in 2014 by a security analyst JP Bourget, Syncurity claims that it helps enterprises by making their security operations center (SOC) more powerful by its security automation & orchestration platform. The company’s IR-Flow platform strengthens security operations by delivering an analyst-centric incident response platform, that integrates people, process, and technology for better cybersecurity.
“These additional funds — along with the institutional firms behind them — as well as our strong Board of Advisors will enable Syncurity to extend the lead of our IR-Flow platform to new customers and partners around the world,” said Syncurity CEO, John Jolly. “Our unique, visual, “process-first” approach and extensible case management capabilities are increasingly recognized as superior alternatives to first-generation, DIY automation tools that lack strong case management and auditing functionality.”
Speaking on the new investment move, the managing partner of Kluz Ventures, Artur Kluz, said, “Syncurity’s patent-pending product architecture, analyst-driven interface and extensible system integrations were a natural choice for us to extend our cybersecurity portfolio into the fast-growing SOAR market. Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs.”
SixThirty Cyber, a St. Louis-based business development program, participated in a $2 million seed funding round for cybersecurity firm Syncurity.
Bethesda, Maryland-based Syncurity said Monday that the raise was led by the Maryland Technology Development Corp. before closing oversubscribed with the additional participation of SixThirty Cyber and Rockville, Maryland-based Kluz Ventures through its The Next Impact Fund. The amount invested by each was not disclosed.
A seed fund of St. Louis-based global fintech venture fund SixThirty, SixThirty Cyber is a business development program that invests up to $200,000 in cybersecurity-based technology startup companies.
Syncurity officials said the funding would be used to extend the company’s security operation and incident response platform, called IR-Flow, as well as support the company’s global growth and expansion of its partnerships. Syncurity’s IR-Flow platform allows security teams to streamline the incident management process, including from proactively hunting for threats, handling alerts and incident response, according to the company.
“Syncurity’s ability to automate and orchestrate real-world incident response processes is quickly gaining traction with global enterprises and MSSPs/MDRs (managed security service providers/managed detection and response providers),” SixThirty Cyber General Partner Jason Clark said in a statement.
The newly raised funds, along with the institutional firms behind them, will allow Syncurity to extend its platform to new customers and partners around the world, Syncurity CEO John Jolly said in a statement.
Founded in 2014, Syncurity has raised about $2.4 million to date, according to the Baltimore Business Journal.
Syncurity, a market leader in Security Orchestration, Automation and Response (SOAR), announced recently the initial close of a two million dollar institutional investment led by the Maryland Technology Development Corporation (TEDCO). The investment proceeds will be used to expand market reach through existing channel and technology partnerships, while also enhancing Syncurity’s award-winning IR-Flow platform.
“Syncurity now has the resources to accelerate our already impressive growth as the SOAR market transitions from the early adopters of Do-It-Yourself (DIY), code-based tools to complete applications built for the mainstream enterprise and MSSP markets,” said Syncurity CEO, John Jolly. “Customers and partners will be able to conduct security operations in a more efficient and effective manner by responding to threats faster and with greater accuracy to reduce overall cyber risk without writing and maintaining code.”
Syncurity’s new investors bring a wealth of experience and a proven track record of success.
“We are excited about the opportunity to invest in a high growth Maryland-based cybersecurity company with an outstanding leadership team,” said Frank Glover, Lead Director of the TEDCO Seed Fund. Syncurity’s mature product architecture and their focus on enabling enterprise process for security has enabled them to acquire multiple Fortune-500 customers.”
Syncurity’s IR-Flow® platform empowers enterprises to quickly and easily adapt workflow and automation to their unique business processes and security technologies, regardless of team size or maturity. IR-Flow separates alert handling from incident management processes to increase efficiency, incorporates human analysts for more accuracy and generates a detailed security “System of Record,” enabling reporting and measurement, process improvement and compliance demonstration.
To learn more about how Syncurity’s customers are leveraging the IR-Flow platform, please visit https://www.syncurity.net/resource-center/case-studies/
Read TEDCO’s Newsletter The Latest on Innovation & Entrepreneurship in Maryland, December 2018
Syncurity IR-Flow DXL Integration Set
Schedule a meeting with Syncurity at the 2018 MPower Cybersecurity Summit
White Paper: Reduce Phishing in the SOC
Ebook: Stop Drowning In Security Alerts
Addressing Analyst Fatigue In The SOC Whitepaper
Syncurity’s award-winning IR Flow Security Operations and Incident Response Platform
IR Flow Product Overview Datasheet (pdf)
As cybersecurity challenges continue to increase for enterprise organizations, World Wide Technology (WWT) works with partners to address these challenges. Syncurity is one of those valuable partners. In this episode, Matt Berry of WWT returns to the podcast, along with Tom Young from Syncurity. Matt gives an update on the Innovation pod at WWT on Endpoint Security. Then Matt and Tom discuss solutions and outcomes that Syncurity provides, the challenges customers face that WWT and Syncurity solutions can address, how these solutions differ from other alternatives and use case examples for these solutions.
Integrated Security Architect (IESA)
IESA Commercial PDF
Syncurity IR-Flow, Security Operations & Incident Response Platform
World Wide Technology – TEC17
“McAfee has announced the continued growth of the McAfee Security Innovation Alliance (SIA) with the addition of 19 new partners to the programme, and seven newly certified integrated solutions. McAfee SIA helps accelerate the development of open and interoperable security products, simplify integration with complex customer environments, and provide an integrated, connected security ecosystem to maximise the value of existing customer security investments.” View Complete Article
Joey Johnson has a knack for pursuing his passions. Right now, the chief information security officer for Premise Health is most passionate about employing security fundamentals with a hacker’s vision in order to keep the company’s systems safe.
Freelance Writer, Jai Vijayan provides a rundown of some of the hottest security product areas, and vendors helping to shape them; including Syncurity. Read the article Emerging IT Security Technologies: 13 Categories, 26 Vendors, or, learn more about Syncurity’s IR Flow™ Security Operations & Incident Response Platform.
Syncurity CSO JP Bourget discusses the merits of security automation in the context of, where it can make a difference in your security operations, and, how much risk you are willing to take for expected rewards of speed and efficiency.
Syncurity CSO JP Bourget weighs-in on security software comparison: Security Automation and Orchestration (SOA) vs. Security Information and Event Management (SIEM).
Syncurity’s IR-Flow featured in a round-up of security product news from Black Hat 2017.
CSO JP Bourget discusses why cybersecurity experts must work with their leadership to come up with a multi-step plan to effectively monitor, identify and eliminate threats.
CEO John Jolly discusses the human element in the recent NSA leak and the importance of protecting your “crown jewels”
Syncurity CEO John Jolly provides actionable guidance and tips for writing a strong RFP to purchase a SIEM
Syncurity CEO John Jolly discusses the complexity behind a SIEM system’s tools and how to maximize its value
Syncurity CEO John Jolly shares key considerations for choosing a SIEM
Syncurity CEO John Jolly discusses the recent WannaCry ransomware attack and how federal systems administrators can mitigate these type of threats.
Syncurity’s CEO John Jolly and NBC Washington’s Susan Hogan discuss how consumers can protect themselves in the wake of the WannaCry cyber attack.