Cysurance Certified Nano Cyber Solutions Brings Behavioral Analysis Capabilities to Small- and Mid-Sized Information Security Initiatives
New York, November 30th, 2023 -- According to the Identity Theft Resource Center (ITRC) -- a non-profit organization established to help and guide consumers, victims, businesses and government to minimize risk -- 73% of SMBs experienced a cyberattack, data breach, or both throughout 2023. This represents a significant jump from the 58% attack rate in 2021 and 43% in 2022.
As the sophistication of attacks on small- and mid-sized enterprises explodes, business leaders and owners must reconsider current point-solution-based strategies and implement more dynamic solutions that integrate behavioral analysis into their risk-management posture. So say Nano Cyber Solutions' CEO Motti Danino and CTO Yochai Greenberg in a recent vidcast interview for the Cysurance Institute.
"Behavioral analysis has been broadly adopted among the largest and most sophisticated organizations. However, until now, it has not been an option effectively available to small and mid-size organizations (SMOs)," says Greenberg.
Analyzing attacker behavior and generating realistic models to capture the realities of cybersecurity threats accurately is challenging. But that, explains Greenberg, is just one part of the equation.
"It is also important to understand how users within an organization interact with systems to do their day-to-day jobs. It is not enough to understand the threat landscape; it is also important to understand the behaviors of key stakeholders to identify and respond to anomalous activity that could indicate an active attack," he says.
Indeed, according to analysts at Forrester Research, rapidly evolving threats have overwhelmed legacy rules-based Security Information and Event Management (SIEM) offerings. It has forced vendors to expand into security analytics (SA) activities that combine big-data infrastructure, security user behavior analytics (SUBA), and security orchestration, automation, and response (SOAR).
For most SMO decision-makers, this complex array of technologies is overwhelming.
"It is a classic Goldilocks challenge," says Danino. "Large enterprise cyber solutions tend to be too complicated and intricate for the small and mid-sized segment of the market, while consumer security offerings are not robust and scalable enough to protect critical assets spread across an array of on-prem, remote and cloud resources."
Teamwork Makes the Dream Work to Secure SMOs
To address the challenge, Nano Cyber Solutions has developed solutions that integrate technology, strategic partnerships with managed services providers (MSPs) and a consistent line of communications with SMO leaders. While technology is an integral element, effective application of behavioral analysis in cyber-protection operations also requires an ongoing dialog among MSPs, SMOs and Nano Cyber Solution analysts.
"I can tell you that working with this market segment requires constant conversation with MSPs because they have direct insight into the day-to-day operational realities of the environment we are trying to protect. No two organizations are alike. For instance, we work with many law firms, and we know that lawyers often work crazy hours when they are on a case or have to meet important deadlines. This affects how we build behavioral templates to ensure effective monitoring without triggering unnecessary alarms," says Greenberg.
As a result, Greenberg puts a tremendous amount of focus on the quality of the staff that joins his team to run Nano Cyber Solution's comprehensive Security Operations Center (SOC).
"We are looking for the best analysts in the world. And we never stop training them. But I'm also really looking for people who understand human behavior and can develop meaningful, ongoing relationships with our MSP partners and SMO clients," he says.
To this end, Nano Cyber Solutions has introduced enterprise-grade Cyber as a Service (CaaS) solutions, all offered at transparent, fixed rates specifically tailored to meet the needs of SMOs.
"But our commitment doesn't end there. We have strategically partnered with Cysurance to ensure that our valued customers are entitled to cyber warranty and cyber insurance protection at competitive rates. The arrangement can often result in savings of over 40% compared to prevailing costs for cyber coverage," concludes Danino.