SAN FRANCISCO--(BUSINESS WIRE)--Bay Dynamics®, the market leader in cyber risk predictive analytics, today announced a strategic technology alliance with Dtex Systems, a global insider threat protection company. The two companies will work together to streamline interoperability between their industry-leading solutions with the aim of solving broader enterprise security problems.
“Enterprise CISOs can no longer rely on large, monolithic security vendors to provide a ‘one stop shop’. Frankly, they are not agile enough to respond quickly and effectively within the rapidly evolving enterprise security threat landscape. We need best-of-class solutions to integrate and work together in a seamless manner, and vendors must have a truly collaborative and unselfish mindset in order to deliver and address wide-scale enterprise security requirements,” said Robert Rodriguez, Chairman and Founder of the Security Innovation Network (SINET). “Bay Dynamics and Dtex are a great example of how effective this collaboration can be. Their alliance not only underscores the opportunity for behavioral and predictive analytics, content aggregation, and endpoint monitoring to solve the biggest problems for enterprise security today but more importantly the vision and fortitude to do so.”
Bay Dynamics’ Risk Fabric® Platform is a purpose-built cyber risk predictive analytics solution. The platform assembles and correlates relevant data in a novel patented way to provide actionable visibility into cybersecurity blind spots, before it is too late. Bay Dynamics enables some of the world’s largest organizations to understand the state of their business environment, including contextual awareness of how their insiders, vendors and bad actors are interacting with their data, systems, and applications. This drives effective cyber risk management and establishes a healthy cybersecurity posture. The Risk Fabric Platform supports security and non-security data sources out of the box to power four solutions – insider threat, outsider threat, attack surface threat, and high privilege access threat.
“Bay Dynamics provides organizations with comprehensive and actionable visibility into their cyber risks,” said Feris Rifai, CEO and Co-Founder of Bay Dynamics. “Companies today are looking for innovative cybersecurity solutions that allow them to continuously monitor and proactively identify cyber risks and threats. The partnership with Dtex enriches the Risk Fabric Platform with additional end point insights. Together we are providing the market with best-of-breed cybersecurity solutions.”
Having spent 15 years developing the most advanced, lightweight and privacy-compliant endpoint security micro-agent on the market, Dtex’s solution can be quickly deployed across many thousands of company endpoints without hindering device or network performance. The solution captures metadata while masking user information, giving enterprises a non-invasive, privacy-compliant line of sight into organizational activities to quickly and effectively mitigate risks tied to the insider threat.
“Dtex is tackling a very important security challenge via endpoint visibility,” said Mohan Koo, CEO and founder of Dtex Systems. “Our collaboration with Bay Dynamics enables our customers to extend that visibility by cross-correlating endpoint user activities with a wider data set.”
“'Bad guys' are evading most enterprise controls that rely on perimeter-focused security monitoring, identity access controls and various types of threat protection,” wrote Avivah Litan, Vice President and Distinguished Analyst at Gartner. “Enterprise security teams are inundated with alerts, in some cases millions a day, which are not prioritized so that important ones indicating breaches are buried within the lot. Most legacy security applications used to investigate alerts are cumbersome and time consuming to use. Security managers should use User Behavior Analytics to rapidly detect bad actors and behavior, prioritize security alerts, reduce alert volume, and streamline alert investigations.”1
In the Gartner, Market Guide for User Behavior Analytics, Avivah Litan and Mark Nicolett recognized Bay Dynamics as a Representative Vendor for its security capabilities in User Behavior Analytics “Gartner clients that have successfully implemented UBA on the security side have also reported ROI better than 5-to-1.” 2
Both companies have recently risen to the top of their respective classes with significant funding raised from some of the world’s leading venture capital and private equity firms. Bay Dynamics is backed by Comcast Ventures, while Dtex is backed by Norwest Venture Partners and Wing Venture Capital.
“Insider threat is a vast problem that calls for defense on multiple fronts. We’re very excited to see these two firms putting their heads together to formulate the most effective way for businesses to combat it,” said Gaurav Garg, Founding Partner at Wing Venture Capital. “We also see this as setting the stage for other cutting-edge security vendors to explore how their technologies might complement one another.”
Bay Dynamics and Dtex will be at Black Hat USA to talk about how these best-of-breed solutions will work together to solve enterprise security problems. Visit us at the Bay Dynamics Booth #666 to learn more.
1 Gartner, Best Practices and Success Stories for User Behavior Analytics, Avivah Litan, March 4, 2015
2 Gartner, Market Guide for User Behavior Analytics, Avivah Litan, Mark Nicolett, August 25, 2014
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About Dtex Systems
Dtex Systems is a global insider threat protection company that prevents cyber security breaches originating within an organization while protecting employee privacy. Dtex gives enterprises unmatched visibility across all endpoints to stop intellectual property theft, malicious insider attacks and the accidental disclosure of sensitive materials. Its flagship micro-agent is the first truly lightweight, enterprise scalable and privacy-compliant solution that can be quickly deployed across thousands of company endpoints with no noticeable system or network impact. Dtex Systems is headquartered in San Jose, California, with offices around the world. To learn more, please visit www.dtexsystems.com.
About Bay Dynamics
Bay Dynamics® is the market leader in cyber risk predictive analytics providing actionable visibility into organizations’ cybersecurity blind spots, complete with business risks and threats. The company’s purpose-built Risk Fabric® platform assembles and correlates relevant data from existing tools in a novel patented way to provide actionable cyber risk insights, before it’s too late. Bay Dynamics enables some of the world’s largest organizations to understand the state of their cybersecurity posture, including contextual awareness of what their insiders, vendors and bad actors are doing, which is key to effective cyber risk management. For more information, please visit www.baydynamics.com.