Award recognizes firm’s advancements in accelerated insider threat detection and response as well as its role in protecting industry’s most targeted sector
NEW YORK, NY - October 05, 2018 – Corvil's multi-award winning Security Analytics continues to garner industry recognition winning the “Best Cybersecurity Provider” category in the 2018 Mutual Fund Services and Technology Awards, which celebrate outstanding performance of vital operational functions that keep mutual funds in business.
As the most targeted industry with the highest volume of security incidents, Financial Services firms face a constantly evolving barrage of cyber attacks. Corvil Security Analytics supports firms in outmaneuvering today’s advanced cyber attackers, who have industrialized their tactics, techniques and procedures. The solution leverages AI and machine learning to provide 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, that increase the risk of data theft and reputational damage.
This award emphasizes Corvil’s strong track-record in anticipating market needs and changes and advancing its streaming analytics platform to deliver comprehensive and effective cyber risk mitigation as well as greater operational efficiencies. Whether illuminating blind spots to find, stop and minimize the damage of a ransomware attack, or prioritizing the most suspicious users in the environment to thwart insider risks, Corvil’s streamlined workflows and intelligence sharing with the broader security and network operations ecosystem is helping to bolster cyber resilience.
Corvil’s innovation also has been proven to addresses the unique security needs of today’s electronic transaction businesses looking to solve escalating concerns over cyber attacks and demonstrate compliance with evolving regulations without impairing the reliability or performance of critical systems. With Corvil Cara, the world’s first virtual security expert for financial markets, vulnerabilities and possible attacks within trading environments are autonomously identified for investigation. The solution provides a daily cybersecurity risk assessment report consumable by business executives, and outlines the insights required by CISOs and security teams for detailed forensic investigation and response.
These differentiators are among the factors that have propelled Corvil to become the gold standard platform for the top performing financial services firms, including top banks, asset managers, brokers, and stock exchanges. Consequently, this strong reputation has given rise to other sectors, with high cyber risk profiles, such as insurance and legal firms, to enlist these proven and trusted capabilities.
“We are proud and delighted to receive this important industry endorsement,” said David Murray, Corvil’s Chief Marketing and Business Development Officer. “With regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) warning that cyber attacks are the greatest threat to markets, Corvil remains focused on innovation that continues to deliver more effective and efficient cybersecurity operations and protections for the industry.”
2018 continues to be a banner year for acknowledgement of Corvil’s performance with an impressive list of awards and rankings spanning: “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 2018 FinTech Breakthrough Awards. In 2018 Institutional Investor also named Corvil CEO, Donal Byrne, among world’s top 25 Innovators in trading technology while most recently Corvil GM and VP of Americas, Dan Kennedy, was recognized among the 2018 “Wall Street 50”.
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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