RedOwl Tag

Forcepoint Acquires RedOwl, Extends Global Human-Centric Security Leadership

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PR Newswire | August 28, 2017

 

Integration of RedOwl UEBA with Forcepoint technology delivers holistic view of cyber behaviors to identify and address enterprise risk in real-time

 

AUSTIN, TexasAug. 28, 2017 /PRNewswire/ — Global cybersecurity leader Forcepoint today announced the acquisition of RedOwl, the leader in security analytics focused on helping customers understand and manage human risk. This latest milestone in Forcepoint’s strategy arms customers with cybersecurity systems designed for the reality of today’s threats.

 Forcepoint’s human point strategy views people – rather than technology infrastructure – as the focal point for cybersecurity. Cloud, mobility and ever-changing infrastructure makes the traditional perimeter a fallacy; by focusing on how, when, where and why people interact with critical data and IP, organizations can more effectively identify and address risk.

 

“The world has fundamentally changed and the way we think about security must change, as well. If the cybersecurity industry fails to put people at the center, it is certain to fall short in helping customers protect their most vital assets,” said Matthew P. Moynahan, chief executive officer of Forcepoint. “Forcepoint is absolutely committed to empowering customers with human-centric security systems, and RedOwl fits squarely into this promise.”

 

RedOwl’s user and entity behavior analytics (UEBA) technology is ideally suited for this human-first approach to addressing security and regulatory use cases. Since 2011, the company has focused specifically on delivering capabilities that provide visibility into the holistic activities of people, including cyber, physical and financial. Customers deploy these capabilities to analyze large amounts of complex data, assess high-risk events and behaviors, and enact centralized and supervisory oversight to satisfy both security and regulatory requirements.

 

“As I’ve watched Forcepoint’s story unfold, it is clear we share the view that a human-first approach must be the path to addressing cybersecurity and internal risk,” said Guy Filippelli, chief executive officer at RedOwl. “The opportunity to deliver a holistic solution around proactive human oversight is exciting; joining Forcepoint will accelerate our ability to deliver these important capabilities to our customers. We’re thrilled to become a part of the Forcepoint team.”

 

RedOwl brings a sophisticated analytics platform to Forcepoint’s human-centric cybersecurity system and will be integrated across the company’s portfolio, as well as with customers’ existing technologies (e.g., SIEM). This platform delivers real-time insight into anomalous interactions and access across people, data, devices and applications.  In addition, the combination of RedOwl’s, Forcepoint DLP and Forcepoint Insider Threat will provide the industry’s only comprehensive solution for understanding and responding to the behaviors and intent of people.

 

“Combining the deep collection capabilities of Forcepoint Insider Threat, the powerful analytics of RedOwl’s technology and the risk mitigation of DLP creates a system capable of protecting critical business data and IP like no other,” said Heath Thompson, senior vice president and general manager of the Data and Insider Threat Security business at Forcepoint. “Context is everything and we look forward to helping customers differentiate between carelessness, compromise and malice in the most efficient way possible.”

 

RedOwl technology and employees are joining the Forcepoint team as part of the Data and Insider Threat Security business reporting to Thompson.

 

Find Article Here: www.prnewswire.com

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RedOwl Enters Agreement with immixGroup to Reduce Insider Threat Risks for Government

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New Relationship to Strengthen Agencies’ Risk Management Posture

 

Marketwired | February 21, 2017

 

 

SAN FRANCISCO, CA–(Marketwired – February 21, 2017) – RedOwl, the leading provider of insider risk solutions, today announced an agreement with immixGroup, an Arrow company that helps technology companies do business with the government. Through immixGroup contracts with governments at the federal, state and local levels, agencies will be able to purchase RedOwl’s behavior risk analytics to avoid insider threats to mitigate classified information leaks, intellectual property loss, data theft and employee flight risk. In addition, government organizations can use RedOwl to comply with the Presidential Order for agencies to implement an insider threat program, in addition to meeting compliance standards set by National Industrial Security Program Operating Manual (NISPOM) for government contractors.

“Major cyber espionage and data leaks affecting the U.S. government over the past few years are proof that, more so than ever before, the public sector has the huge responsibility to protect against insider threats within their own organizations, but also the societal imperative to respect the privacy of employees,” said Guy Filippelli, CEO of RedOwl. “With its deep-rooted commitment to providing governments with reliable access to the enterprise software and hardware solutions they need to achieve mission success, our agreement with immixGroup aims to do just that. Only RedOwl can help governments and enterprises monitor and detect precursor behavior in a comprehensive, unbiased, systematic and automated way while ensuring employee privacy.”

RedOwl unlocks the power of existing enterprise data to identify and mitigate unwanted behavior. Only RedOwl ingests and combines structured, unstructured and business data to analyze interactions between employees, contractors, devices, files and applications. Using a combination of statistical pattern matching, machine learning and content analytics to profile user behavior, RedOwl gives risk management professionals the in-depth narratives required to effectively pinpoint and distinguish negligent, compromised and malicious employees.

ABOUT REDOWL
RedOwl helps large enterprise and government organizations mitigate insider threats with technology designed for the modern workplace. Information security and regulatory surveillance teams trust our behavioral analytics platform to provide holistic and actionable visibility of all human risk, ranging from common employee data leaks to malicious insider attacks. With offices in Baltimore, New York City, San Francisco, and London, RedOwl’s investors include the Blackstone Group, Allegis Capital, and Conversion Capital. To learn more about RedOwl, visit: https://redowl.com.

Article found here: marketwired.com

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RedOwl to Deliver Next-Generation Insider Risk Management Platform to BT Customers

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RedOwl Analytics, Inc.

 

January 18, 2017 01:00 ET

 

RedOwl to Deliver Next-Generation Insider Risk Management Platform to BT Customers

 

LONDON, UNITED KINGDOM and BALTIMORE, MD–(Marketwired – January 18, 2017) – RedOwl, the leading provider of insider risk management solutions, today announced a global agreement with BT, one of the world’s leading providers of communications services and solutions. The agreement enables BT to offer its customers the RedOwl analytics platform to uncover insider threats as well as meet compliance requirements for regulatory surveillance.

BT has been at the forefront of providing innovative IT products and services specifically tailored to the financial services market for more than 35 years. Its global customer base includes the world’s largest banks, brokers, insurance companies, mutual societies, investment managers and exchanges.

BT customers will be able to deploy RedOwl in two critical capacities:

  • Information security: Today, BT offers a choice of services that helps customers undertake a range of pre-emptive information security measures, with device management, identity, access management and infrastructure security within the BT Security portfolio. With RedOwl, BT customers will leverage market-leading behavioral analytics to build and optimize insider threat programs and address key issues such as IP and data loss, employee flight risk and compromised employees.
  • Regulatory compliance: With RedOwl, BT customers will have a holistic view of their regulated employees and will be able to incorporate sophisticated analytics to accurately identify insider trading, market manipulation, wall crossing, improper disclosure and flight risk to help detect and prevent potential regulatory violations. 

“Our customers are seeking to extend their information security and regulatory surveillance capabilities,” said Luke Beeson, BT’s vice president security, UK and global banking and financial markets. “RedOwl provides the insight and context that information security and compliance officers need to better identify unwanted behavior. We’re delighted that our customers can now benefit from this advanced analytics solution.”

RedOwl protects enterprises’ internal attack surfaces with better people oversight. Only RedOwl identifies the precursor activities leading to unwanted behaviour, including insider trading, sabotage, data theft, or flight risk by combining content analysis with behavioral analytics, based on their communications content and context, physical activity, digital activity, and transactions.

The RedOwl platform builds an in-depth narrative that identifies and distinguishes among malicious, compromised and negligent employees. By using RedOwl, risk management professionals reduce time to detection, time of investigation, and can evolve from a purely reactive risk management posture to a proactive one by looking for precursors of unwanted behavior. Ultimately, with RedOwl, security and compliance teams leverage technology to positively impact the corporate culture.

“RedOwl is delighted to join forces with BT, one of the world’s leading providers of technology to the financial services industry, to help organizations use analytics to accelerate security and compliance initiatives,” said Guy Filippelli, RedOwl CEO. “Our analytics platform helps financial service customers transform their compliance practices into a proactive and comprehensive discipline. In Information security, RedOwl is the system of record for insider threat programs to help identify and mitigate unwanted employee behavior.”

Together, BT and RedOwl will provide tremendous value to their customers’ compliance and information security ecosystem. The joint solution will be available immediately. BT customers have the freedom to consume the service on premise, in a private cloud or reap the benefits of BT’s Cloud of Clouds portfolio strategy.

  ‘Cloud of clouds’ is BT’s cloud services integration capability, giving customers a practical route into cloud computing that meets their needs for choice and flexibility, total security and someone who knows how to make it work together. More information here: www.bt.com/point-of-view.

About BT

BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.

For the year ended 31 March 2016, BT Group’s reported revenue was £19,042m with reported profit before taxation of £3,029m.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

About RedOwl

The RedOwl insider risk management platform mitigates the threat of insiders for information security and regulatory surveillance teams. Our behavioral analytics platform integrates structured and unstructured data sources — unlike traditional tools — to provide holistic visibility of human risk across the enterprise. With offices in Baltimore, NYC, SF, and London, RedOwl’s investors include the Blackstone Group, Allegis Capital, and Conversion Capital.

Article found here: www.marketwired.com

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