With Malcovery, enterprises will reduce the attacks on their brands over time, and will create and enforce a lasting deterrent to cyber-criminals, all while significantly reducing short-term fraud losses
Pittsburgh, PA and Birmingham, AL (PRWEB) April 25, 2013 (PRWEB) April 25, 2013
Malcovery®, the leader in delivering actionable security intelligence that can be applied to neutralize the threats and actions by cyber criminals in the areas of phishing, spam and malware, today released a white paper entitled “FAST, ACCURATE, COST-EFFECTIVE: CHOOSE ALL THREE. Big Data and Threat Intelligence for Phishing,” available as a free download at http://info.malcovery.com/big-data-and-threat-intelligence-for-phishing. The paper was commissioned by Malcovery Security, and written by leading security analyst firm Spire Security. Spire Security, LLC conducts market research and analysis of information security issues. Spire’s objective is to help refine enterprise security strategies by determining the best way to deploy policies, people, process, and platforms in support of an enterprise security management solution.
The paper examines the convergence of big data, threat intelligence and network security, specifically with regards to phishing - key issues never addressed in a single paper to date. Revealed in this whitepaper are how the term ‘Big Data’ has become a meaningless name, but has a profound impact on security; how information sharing is becoming more prevalent, leaving behind the ‘every man for himself' attitude of the past; and how phishing provides an obvious opportunity for threat intelligence because it is a well-known problem that has been around for a number of years, yet attempts to thwart it always seem to be one step behind the attackers who have demonstrated innovation and resilience in finding new attacks.
“The phishing problem is a perfect place to leverage analytics since the campaigns happen frequently, the accompanying information has very few associated false positives, and there is great opportunity for demonstrable cost-effectiveness,” stated Greg Coticchia, President, Chief Executive Officer (CEO) and co-founder of Malcovery Security. “With Malcovery, enterprises will reduce the attacks on their brands over time, and will create and enforce a lasting deterrent to cyber-criminals, all while significantly reducing short-term fraud losses.”
Launched in early 2013 as a result of an exclusive, worldwide license from the University of Alabama at Birmingham (UAB), and based on research in cyber forensics conducted at the Center for Information Assurance and Joint Forensics Research (CIA|JFR) at UAB, Malcovery has quickly gained commercial success with enterprise customers such as eBay, Facebook and Visa. Malcovery phishing intelligence services go beyond the standard ‘takedown’ or ‘mitigation’ process to proactively protect your brand, using patented techniques and cross-brand intelligence.
“The security field has use cases where sharing information has been beneficial - malware samples, breach information, and more,” stated Pete Lindstrom, Principal and Vice President of Research. “None of these has demonstrated overwhelming change, but they are indicators of how threat intelligence can be useful. Big data analytics provide broader, more strategic ways to contribute to the growing body of information available. In a lot of ways, phishing is a perfect place to demonstrate the value of analytics.”
About Malcovery® Security
Malcovery Security is the leading provider of actionable cyber security intelligence and forensic analysis, delivered through software and services that target cyber criminals and their activities. The company's patented and patent-pending technology provides the ability to identify the ‘root sources’ of cybercrime attacks (servers, perpetrators, locations, etc.), delivering rich intelligence information about cross-brand attacks and targeted attacks, as well as advanced notification of emerging e-mail-based threats.
Unlike services that serve as a response to these attacks today--services that simply address the symptoms, but cannot provide the intelligence to actually stop the cybercriminal--Malcovery Security’s solutions provide the unique intelligence required to respond effectively to attacks on customers’ brands, to disrupt phishing activities and successfully prosecute cybercriminals.
Malcovery Security is based on technologies developed at the UAB Center for Information Assurance and Joint Forensics Research (CIA|JFR) and has offices in Pittsburgh, PA and Birmingham, AL.
For more information, please visit http://www.Malcovery.com or connect with Malcovery on Facebook (facebook.com/malcovery), Twitter (twitter.com/malcovery) and LinkedIn (http://www.linkedin.com/company/malcovery-security).
Editor’s Note: Malcovery® is a registered trademark. ‘Identify the Source. Stop the Threat’ TM is a trademark of Malcovery Security, LLC. All other trademarks mentioned herein are the protected properties of their respective owners.