RA'ANANA, Israel, January 29, 2018 /PRNewswire/ --
Cyberbit Ltd., provider of
cybersecurity products for detection, response and training across
IT and OT systems, announced today it will supply the Bank of
Jerusalem with Cyberbit Endpoint
Detection and Response (EDR) in order to protect the organization's
endpoints from advanced threats. The selection criteria focused on
detecting unknown, targeted, and file-less attacks and on
ransomware prevention capabilities.
"We evaluated the major endpoint security solutions and Cyberbit
achieved the highest detection rates for our testing criteria.
Unlike other solutions, Cyberbit EDR operates in an entirely
self-contained mode, without relying on indicators of compromise,
threat intelligence or Internet connectivity, so sensitive data is
never sent outside our secure network," said Sharon Buller, IT Infrastructure Manager at Bank
of Jerusalem.
"Financial institutions require advanced endpoint security
solutions, while keeping their sensitive data safe and under
control," said Adi Dar, CEO of
Cyberbit. "This requires self-sufficient detection, based on
machine learning, which detects unknown, evasive threats, without
relying on web-based feeds and external analysis that may risk
customer data," added Dar.
Notes to Editors:
These days, financial institutions face formidable cyber threats
every hour, even minute of the day. The cost of cyber breach for
this industry is especially high and includes not only lost funds,
but also cost of remediation, cost of notification of affected
customers and loss of customers. Since security is a key trait
which customers require in the financial institution, any news of
cyber breach can lead to costly reputation damage and customer
churn.
The 2017 Cost of Data Breach Study by the Ponemon Institute
found that failure to quickly identify the data breach increases
costs:
"If the MTTI (mean time to identify) was under 100 days, the
estimated average total cost of data breach was $2.80 million. If it was over 100 days, the
estimated cost was $3.83 million. The
significant cost difference between these two subsamples suggests
that the failure to quickly identify the data breach leads to
higher costs. Having tools that heighten detective or forensic
capabilities can significantly reduce data breach cost."
Cyberbit's Endpoint Detection and Response detects unknown
threats, including ransomware, in seconds, and provides advanced
forensics and threat hunting. By combining machine learning,
graph-based malware analysis, behavioral analytics and big-data,
Cyberbit EDR is faster to detect threats that outsmart conventional
systems and automates the threat hunt saving days to weeks of
analyst time.
Additional resources
- Learn more about Cyberbit EDR and request a demo.
- Learn how Cyberbit EDR uses graph-based malware analysis in
this use case video.
- Subscribe to Cyberbit's blog.
- Follow Cyberbit on Facebook, LinkedIn and Twitter
(@CYBERBITHQ).
About Cyberbit
Created to protect the most high-risk organizations in the
world, Cyberbit secures enterprises and critical infrastructure
against advanced cyber threats. The company's battle-hardened
cybersecurity solutions detect, analyze and respond to the most
advanced, complex and targeted threats across IT and OT
(operational technology) networks. Cyberbit employs a diverse team
from both the public and private sector, including researchers,
mathematicians, former CISOs and SOC managers, as well as seasoned
veterans of the intelligence and military communities. With offices
in Texas, Singapore, Munich and Israel, and presence worldwide, Cyberbit is a
subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT). To
learn more about how Cyberbit maximizes protection against today's
signature-less threats, visit https://www.cyberbit.com.
Cyberbit Contacts:
Sharon Rosenman
VP Marketing, Cyberbit
Tel: 972-54-4211804
sharon.rosenman@cyberbit.com
Dana Tal-Noyman
Manager Corporate Communications & Digital
Tel: 972-077-2948809
dana.noyman@elbitsystems.com
SOURCE Cyberbit Ltd.