IBM Advances Fight against Cyber Threats with Comprehensive Threat Protection System
Armonk, NY - IBM (NYSE: IBM) has introduced comprehensive new security software and services to help organizations protect their critical data in an environment where advanced persistent threats, zero day attacks, breaches, and the financial impact on an organization continue to rise. Through pervasive behavioral analytics and deep research expertise, IBM can help organizations stop attackers from exploiting these vulnerabilities.
According to two IBM-commissioned studies announced from the Ponemon Institute, the average cost of a data breach increased by 15 percent globally, reaching an average of $3.5 million. The majority of companies surveyed say targeted attacks are the greatest threat, costing them on average $9.4 million in brand equity alone.
Today’s introduction of the IBM Threat Protection System and Critical Data Protection Program represent two years of significant investment in organic development and the acquisition of companies, including Q1 Labs, Trusteer, Guardium, Ounce Labs, Watchfire and Fiberlink/MaaS360. Since forming a dedicated cyber security business in late 2011, IBM has risen to become one of the largest players in enterprise security and has achieved six straight quarters of double-digit growth. According to IDC’s Software Tracker, IBM significantly outpaced the overall security software market, and has moved from the 4th largest security vendor to the 3rd for 2013.
IBM’s new Threat Protection System leverages security intelligence and behavioral analytics to go beyond traditional signature-based defenses and firewalls to disrupt attacks across the entire attack chain — from break-in to exfiltrate.
The IBM Threat Protection System includes an end-to-end architecture of analytic and forensics software that helps organizations continuously prevent, detect, and respond to ongoing and sophisticated cyber attacks, and in some cases, eliminate the threat before the damage has occurred.
Clients testing the IBM Threat Protection System have seen quick results. For example, a healthcare provider with thousands of endpoints immediately found dozens of instances of malware present, despite their use of many more traditional security tools. This malicious code could be used to remote control endpoints or exfiltrate data, but instead was instantly disabled. Likewise a large European bank recently tried this capability and was able to disable undetected malware across the enterprise.
The IBM Threat Protection System is supported around the world by IBM’s managed security operations centers (SOC), which can monitor the system once deployed by clients. IBM’s SOC Optimization consultants can also deploy and integrate them into customer SOCs.
“Advanced Persistent Threats have fundamentally changed the way organizations have to approach data security,” said Brendan Hannigan, General Manager, IBM Security Systems. “Today, defending against cyber attacks requires more than a signature-based or perimeter approach. Deep analytic capabilities and forensics are vital and need to include endpoint prevention, perimeter protection, and the ability to guard against attacks before they can do damage.”
The new Critical Data Protection Program helps safeguard critical data — a corporation’s “Crown Jewels.” An organization’s fortune is often driven by less than two percent of its enterprise data, which has major impact on competitive advantage, brand reputation, market value and business growth.
“Concerns over the ability to protect critical data from cyber attacks have moved center stage in the board room,” said Kris Lovejoy, General Manager, IBM Security Services. “Cyber attacks and loss of data have the ability to impact brand reputation, reduce shareholder value and open an organization to litigation. IBM’s new software and services are designed to provide these executives with a unique solution that lets them keep their focus on the day-to-day needs of their customers and driving business revenue.”