International IT security software company launching Silicon Valley operations with $10 million in funding
SAN FRANCISCO – April 16, 2015 – Cyber security threat management specialist Huntsman Security today announced its entry into the U.S. market, backed by $10M of funding, making its Cyber Security Platform available where advanced cyber attacks predominate. The company is also announcing the global launch of Huntsman Unified Console™, the world’s first cyber security software product to offer a single view of multiple security information and event management (SIEM) solutions across the enterprise.
Huntsman’s parent — Australia-based Tier-3 — is a cyber security pioneer that developed and patented behavior anomaly detection (BAD) technology that has become the industry standard. Used by top government defense and intelligence organizations in the UK, Australia and Japan, Huntsman also provides security solutions to large corporations and critical national infrastructure providers. A number of managed security service providers also use Huntsman technology to provide easily customized, flexible and proactive security solutions for their customers.
The new Huntsman Unified Console aggregates information from existing SIEM systems into a single dashboard for simplicity and clarity. The product is the first multi-domain security information management platform with true data segregation and pan-organization threat alerting and response. This provides IT and C-level executives with a single source of continuous, up-to-date threat and compliance information, streamlining the assessment process and dramatically reducing the threat resolution timeframe.
“Cyber security solutions have come a long way in recent years and are well-suited to track and identify potential breaches from massive amounts of data; however, recent Target, SONY and Adobe breaches illustrate the challenges involved with running a 21st century business and the need to identify and act on legitimate risks immediately,” said Rob Enderle, president & principal analyst, The Enderle Group. “In most high-profile breaches, slow time to resolution — not lack of recognition — is the issue that brings companies to their knees. Software providers like Huntsman Security are addressing this issue by helping companies identify and resolve threats quickly.”
“The U.S. offers an exciting new opportunity for Huntsman Security, as our Unified Console product brings significant new flexibility to the current security solutions available in the market,” said Peter Woollacott, Huntsman’s CEO and co-founder. “It helps companies modernize legacy security solutions, manage multiple environments from a single console and extend investments in their current SIEM infrastructure. By providing a single pane of glass for all security information, the Huntsman Unified Console offers a federated view across the enterprise that bridges the gap between the C-suite and IT.”
The Huntsman Cyber Security Platform, which underpins the Huntsman Unified Console, correlates internal and externally sourced threat information at high speed, automating routine pre-analysis and processing to contextualize diverse data sets and prioritize threats that matter. Using rules and behavioral based engines — rather than relying only on ad hoc query-led data investigation or industry-based patterns – Huntsman® combines machine learning with proven statistical algorithms to instantly and accurately isolate risky anomalies. This process is based on an organization’s unique data dynamics and provides precise, actionable intelligence for incident response in seconds.
Cyber security threat management specialist Huntsman has provided full support for PCI-DSS compliance monitoring within its advanced security monitoring, SIEM and threat detection solutions for some time.
The standard has evolved in response to the changing threat environment; the increasing need to manage card fraud exposure; and following the high profile retail sector breaches of the last few years. The updated requirements in PCI-DSS Version 3.0 have meant organisations having to confirm and clarify their control environments during recent months, ahead of January’s deadline.
Huntsman has provided a comprehensive compliance pack for the PCI-DSS standard for some time. The extensive library of queries/reports and alerts are included free of charge within the core product, rather than being an extra expense or add-on as is the case with some of its competitors.
Peter Woollacott, CEO Tier-3 Huntsman, said: “Our customers want security monitoring, they want threat detection, they want automation. Yet they also need to be able to report on compliance and see the state of the control environment against the backdrop of their regulatory or legal obligations.”
Huntsman®’s market-leading, business-focussed Governance, Risk and Compliance (GRC) dashboards give a clear stakeholder view of the true status of compliance against PCI-DSS (and other standards). They do this by grouping controls and information together and delivering instant clarity against the control requirements in a way that makes sense to business and compliance managers who want to know not only where safeguards are working, but also where there are actual, or emerging, issues.
Peter Woollacott continued: “Some solutions only go as far as displaying information about low-level technical metrics; but boards want to know at a higher level where they can rest easy, and where they have compliance issues. Providing this visibility in real-time and in a way that makes sense is a major advantage.”
The PCI-DSS 3.0 standard itself highlights this need. It insists that:
“PCI DSS should be implemented into business-as-usual (BAU) activities as part of an entity’s overall security strategy.”
The importance of continuous compliance monitoring at all times, not just during periodic audits, is not lost on the PCI standards council or on the Tier-3 Huntsman compliance experts.
Huntsman® Enterprise SIEM is available now across all territories with a range of compliance solutions including for PCI-DSS, ISO27001, GPG13, FISMA, ISM, APRA, SOX etc. Please contact Huntsman at email@example.com for further information.Read More