Corvil Wins Network Security Award in the 2018 Computing Security Excellence Awards

Award judging panel says: “Security pros need tools like Corvil's that can enable them to identify threats quickly”

DUBLIN, IRELAND - November 22, 2018 - Corvil today announced that it has received the Network Security Award in the 2018 Computing Security Excellence Awards, which celebrates security companies, solutions, products and personalities who are keeping every part of the industry operating in the face of growing cyber threats.

The award highlights Corvil’s advancements in helping organizations protect and defend against insider threats, as nearly 80 percent of breaches today stem from malicious or inadvertent insiders and lateral movement across the network. With reports suggesting 69 percent of organizations now believe their anti-virus software is not capable of blocking the threats they are seeing [1], Corvil’s complete picture of what users are doing on the network is a valuable technology asset for today’s advanced, persistent threat landscape.

Corvil provides user-centric network traffic analysis for accelerated insider threat detection and response. Providing complete and real-time traffic capture and analysis as well as correlating user activity with host/IP address activity, Corvil delivers faster, more effective threat detection and forensics. The solution leverages AI and machine learning to attain a new type of visibility and depth of insight from the network to identify, investigate, and remediate cyber threats, including those from compromised user accounts, which increase the risk of data theft and reputational damage.

This award also underpins why Corvil is trusted by sectors with a high cyber risk profile, such as financial services, insurance and legal, where protecting the confidentiality, availability, integrity of data as well as meeting compliance requirements is paramount. Whether helping a global Forex Brokerage manage risk with zero impact on trading performance through machine learning-based threat detection and cybersecurity risk assessment, enabling a global Law firm to secure its client data and IP with insider threat analysis or giving a leading Insurer improved insight and context to protect its critical digital operations, Corvil helps achieve powerful, real-time cyber resilience.

We’re honored to receive the ‘2018 Network Security Award’ and be cited as a top technology to identify threats quickly, particularly as the speed with which an organization can recognize, analyze, and respond to an incident limits the damage and ultimately lowers the cost of recovery,” said David Murray, Corvil Chief Marketing and Business Development Officer. “We remain acutely focused on advancing our streaming analytics platform to deliver the insights and protection necessary to improve the security, performance, and risk mitigation for companies, while delivering significant operational efficiencies.

2018 continues to be a year of extensive industry recognition for Corvil, with an impressive list of accolades spanning: a “2018 Excellence Award” from INTERNET TELEPHONY Magazine; “Best Cybersecurity Provider” in the 2018 Mutual Fund Services and Technology Awards; “Leader” in Software Reviews 2018 Network Monitoring Data Quadrant; "Best Time-Stamping / Latency Measurement System" at Intelligent Trading Technology 2018 Awards; “Best Time Synchronisation Solution” at A-Team Group's RegTech Awards and "Best Financial Transaction Security Platform" in the 2018 FinTech Breakthrough Awards. In 2018 Institutional Investor also named Corvil CEO, Donal Byrne, among world’s top 25 Innovators in trading technology while Corvil GM and VP of Americas, Dan Kennedy, was recognized among the 2018 “Wall Street 50”. Most recently Corvil joined the “2019 RegTech 100 List” of World's Most Innovative Technologies.

About Corvil

Corvil is the industry leader for deriving Security, Operational, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users. The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.

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