TIDMFLX
Falanx Group Limited
13 September 2017
13 September 2017
Falanx Group Limited
("Falanx" or "the Company")
Launch of proprietary MidGARD Platform
Falanx (AIM:FLX), the global intelligence, security, and cyber
provider, is pleased to announce that is has today officially
launched its proprietary Advanced Threat Detection and Response
Platform, known as MidGARD.
https://falanx.com/technology/midgard/
What is MidGARD?
MidGARD replaces core competencies of SOC and SIEM using the
latest data analytics & machine learning.
MidGARD is a leading-edge cyber threat detection and response
platform. MidGARD replaces existing Security Operations Centres
(SOCs) and security information and event management (SIEM)
software with a multi-client cybersecurity ecosystem that processes
the increasing accumulation of event and log data - millions of
events per second - by using mass real-time stream processing. It
uses the latest big data and machine learning tools to review a
maelstrom of potentially informative data to identify the latest
cyber threats.
How does MidGARD work?
MidGARD is a 'Hive Mind' for Security - a bot-net for the good
guys.
MidGARD is designed for rapid deployment inside clients where it
listens to the ever-growing data on customer networks to identify
and react to threats. MidGARD identifies potential threats and
highlights them to our fully manned UK Security Operations Centre
("SOC") for ratification and triage. There are versions for both
large institutions (MidGARD Enterprise) and SME (MicroSOC). Each
MidGARD installation is semi-autonomous, but the real magic happens
where they connect with AsGARD, a unique solution that brings all
MidGARD deployments together. They form a hive mind, sharing
events, learning from each other and recognising threats across
many clients. The more clients, the better because when one client
finds a problem, we can help everybody heal the breach.
MidGARD Disrupts
MidGARD replaces traditional SOCS and SIEMS. This saves
implementation time, significant capital expenditure, staff running
costs, and delivers joint learning to you from every other MidGARD
client.
Organisations face an increasing curve of reputation damage from
breaches. IT departments are challenged by enhanced threat levels
and on how to staff up and retain qualified experienced security
staffers. Basic industry points-based certification is now no
longer enough. For organisations who can afford to build a SOC or
to work with a third party to outsource their own SOC, there is no
guarantee that this is sufficient to deal with a breach in real
time. For many, building a SOC and full back up is simply
unaffordable.
MidGARD brings a full SOC and SIEM service - and a significantly
improved shared learning and cyber response capability - not just
to large enterprise organisations but to SME's alike, with
enterprise-scale functionality safeguarding your estate for a
fraction of what it would cost to have a dedicated or
multi-tenanted SOC. With MidGARD, you pay for what you use and have
the flexibility to grow.
Is MidGARD hardware, software, product, implementation or
managed service?
MidGARD replaces all of these with an integrated ecosystem.
Depending on a client's requirements, they may outsource their
threat detection and response entirely to Falanx or they may use
MidGARD with their own staff. Where client already have a SOC or
staff, they can use MidGARD to access the latest tools; and have
seamless access to Falanx SOC, support, incident response, 24x7
coverage, backup, and recovery facilities. Our unique approach to
development means MidGARD is a toolset and experience built by
security specialists for security specialists. It is not a
monolithic application, developed in isolation. Rather, It is a
complete toolset for managing security incidents, in house, as a
service, as back up and resilience or in any combination you may
need.
How is MidGARD Built:
We use the latest open source technology, together with
proprietary processes and IP.
We built a completely new threat response system in less than a
year, because we built on the shoulders of giants. We use the same
database as Facebook, the same elastic search as Amazon, and
parallel processing from Twitter. The platforms were forged in the
fires of the Open Source community and engineered and tailored by
our security engineering team. Our platform even has, as a small
component, the open source code for a major SIEM. Our task, our
unique IP is to work these together, to design the data and process
flows for MidGARD. The result has been acceleration, scalability,
reduced cost, and access to the latest data tools. Together they
have created the MidGARD hive mind.
Scaling MidGARD quickly:
MidGARD is designed for rapid deployment, scalability, and for
sale direct or through channel partners.
MidGARD can be deployed as fast as we can ship MidGARD sensors.
They have encrypted links to the Hive Mind. Called AsGARD, the hive
mind is highly scalable and hosted in a global datacentre. The
value of MidGARD lies not only in its technology but in its
clients, so we have assembled an impressive set of channel partners
to grow the ecosystem quickly.
The full MidGARD service is being launched from today to 15
September 2017 at the UK's leading Cyber Security Conference, 44CON
2017 [www.44con.com] at the ILEC Conference Centre, Earls Court,
London [www.ilecconferencecentre.co.uk].
Stuart Bladen, Chief Executive Officer of Falanx, commented:
"The launch today of MidGARD service is a huge milestone for
Falanx. We are delighted the platform has been completed on
schedule and we are extremely excited. This disruptive technology
allows Falanx to redefine how cyber threats are detected and dealt
with. It will be crucial in helping a wide range of companies and
SMEs meet the expectations of the General Data Protection
Requirement (GDPR) and their audit and governance needs. And this
week, we are delighted to welcome Richard Morrell to the team from
Gartner to help lead this new era in Falanx Cyber Technologies. We
expect MidGARD to be very well received and to help deliver
substantial additional subscription revenues to the Group."
Jay Abbott, Executive Director of Falanx Cyber Defence,
commented:
"I have been developing the concepts behind MidGARD for a long
time, in response to the costs, issues and difficulties I have
observed in my clients over many years. MidGARD is redefining
hugely important assumptions about how SIEM and monitoring should
be done. MidGARD has been brought to life this year through the
expertise, commitment and excellence of the core team that I have
recruited to support me at Falanx. These experts help to set us
apart from the competition - we are in an industry where the
smartest and the fastest win. Today, I believe, marks a decisive
change Managed Detection and Response."
Enquiries:
Falanx Group Limited www.falanx.com
Stuart Bladen, Chief Executive https://falanx.com/technology/midgard/
Officer
SPARK Advisory Partners
Limited
Nominated Adviser
Matt Davis / James Keeshan +44 (0) 203 368 3551
Turner Pope Investments
(TPI) Ltd
Broker
Ben Turner / James Pope +44 (0) 203 621 4120
IFC Advisory Ltd
Graham Herring
Miles Nolan +44 (0) 203 053 8671
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. The Group
listed on AIM in June 2013 under ticker FLX For more information:
http://www.falanxgroup.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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