Frost and Sullivan (UK) - Experts & Thought Leaders

Group-IB, a pioneering creator of cybersecurity technologies to investigate, prevent, and fight digital crime, announced that its flagship Fraud Protection solution is now available in AWS Marketplace. AWS Marketplace is a digital catalogue with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). Machine learning algorithms Group-IB Fraud Protection is a wide solution designed to safeguard businesses Group-IB Fraud Protection is a comprehensive solution designed to safeguard businesses against online fraud, financial losses, and reputational damage.  Leveraging advanced explainable artificial intelligence (AI) and real-time threat intelligence from Group-IB’s global Digital Crime Resistance Centres, the solution combines advanced machine learning algorithms with unique behavioural analytics in combination with advanced device fingerprinting to deliver multi-layered protection accurately across web platforms, mobile applications, and APIs. Group-IB’s Fraud Protection solution The service is backed by dedicated fraud analysts, offering expert support to enhance detection accuracy, reduce false positives, and maintain customer trust. Reaffirming its industry leadership, Group-IB’s Fraud Protection solution was recognised by pioneering analysts at Frost & Sullivan as the most complete fraud prevention solution in the market. Group-IB’s commitment The report highlighted Group-IB’s unparalleled breadth of features and seamless integration The report, which evaluated various anti-fraud solutions, highlighted Group-IB’s unparalleled breadth of features, explainable AI-driven threat detection, and seamless integration capabilities. This independent validation underscores Group-IB’s commitment to delivering best-in-class fraud prevention technology. Robust fraud prevention capabilities AWS customers will now have access to Group-IB Fraud Protection’s robust fraud prevention capabilities directly within AWS Marketplace. The Group-IB Fraud Protection platform provides AWS customers with the ability to streamline the purchase and management of fraud protection within their AWS Marketplace account. Cyber-enabled fraud issues Group-IB Fraud Protection platform provides AWS customers with the ability to streamline the purchase “The fight against cyber-enabled fraud is a complex problem that requires strong technology and partnerships which are dedicated to solving these problems,”  said Nick Palmer, Head of International Business Development and Sales at Group-IB. “By launching Group-IB’s Fraud Protection solution in the AWS marketplace, we are aligning ourselves with industry pioneers who work proactively with their customers to solve sophisticated fraud-related threats. Working with such partners enables us to work efficiently to solve complex cyber-enabled fraud issues for AWS customers on a global scale while working with AWS industry experts and scalable, reliable infrastructure to do so." Critical challenges in Group-IB’s offering Customers in industries such as financial services, e-commerce, and online gaming, which are particularly susceptible to fraud, will find significant value in Group-IB’s offering. The solution addresses critical challenges such as account takeovers, social engineering, financial malware, deepfake injection tools, and payment fraud by employing advanced machine learning algorithms, ensuring robust and scalable protection tailored to customer needs. Forefront of innovation The solution addresses critical challenges like account takeovers and financial malware “At Betsson, we are committed to breaking down barriers for our customers, particularly in technology, while ensuring they stay at the forefront of innovation,” said Jamie Frendo, Head of AML & Risk Operations at Betsson Group. “We don’t just deliver industry-pioneering products and content; we provide unmatched security, offering our customers the confidence and protection they need to dominate in an increasingly competitive digital world.” AWS’s extensive network Group-IB Fraud Protection’s availability in AWS Marketplace is further enhanced by the company’s participation in the AWS ISV Accelerate program.  This initiative provides co-selling support and resources to drive adoption, fostering collaboration between Group-IB and AWS’s extensive network of customers and partners.

Cyware, the globally renowned company in threat intelligence management, security collaboration, and orchestrated response, announced that it is a recognised pioneer in Frost and Sullivan’s '2024 Threat Intelligence Platform' (TIP) Radar Report. The TIP industry encompasses more than 20 vendors, and Frost & Sullivan selected the top 10 based on solid growth potential, rapid growth rates and commitment to innovation. Cyware is one of only three vendors to lead the report’s Innovation index, due to its scalable innovations, thought leadership in the TIP space, and robust innovation roadmaps. Cyber Fusion Centre Platform  Martin Naydenov, Report Author and Senior Industry Analyst with Frost & Sullivan, notes: "Cyware is one of the pioneering TIP providers (and) pioneers on the Innovation Index, thanks to its comprehensive Cyber Fusion Centre Platform that integrates TIP, SOAR, collaboration, threat detection, and generative AI capabilities called Quarterback AI." He adds, "Cyware distinguishes itself with strong customer alignment, achieving 100% CSAT scores for three consecutive years and pioneering the industry with R&D investments, ranking in the 100th percentile."  Cyware’s TIP solution Martin Naydenov continues: "Intel Exchange, Cyware’s TIP solution, offers many use cases and features, including ROI Feed dashboards, TI lifecycle automation, and bi-directional data sharing and actioning. Over the years, Cyware has continuously enhanced its TIP solution. In 2023, it introduced new collaboration capabilities, enabling threat detection and intel teams to join forces and share content, such as SIEM and YARA rules and automated playbooks." He further states, "In 2024, the vendor added Cyware Quarterback AI, designed to scale, optimise, and accelerate an organisation’s security team’s effectiveness across their tech stack to up-level security teams."   Cyware’s threat-driven automation Anuj Goel, CEO and Co-Founder of Cyware, said: “The value threat intelligence provides goes beyond identifying Indicators of Compromise (IoCs), and unless organisations operationalise cyber threat intelligence (CTI), they often miss its potential to reduce risk and improve SecOps efficiency and effectiveness." He adds, "Cyware’s threat-driven automation simplifies and substantially advances intelligence actioning. It breaks down the barriers between security, devops, and IT teams, and ensures that actionable CTI swiftly reaches the right team members who can act on it to protect the organisation." Leveraging the right threat intelligence platform Leveraging the right threat intelligence platform helps security operations teams get more from intel and ensure the right insights inform critical decision-making. Frost & Sullivan’s 2024 Threat Intelligence Platform (TIP) Radar Report provides meaningful insights into the TIP landscape.

Honeywell unveiled Honeywell Forge Performance+ for Aerospace, a cloud-based platform that utilises AI and machine learning (ML) to help commercial aerospace manufacturing and maintenance, repair & overhaul (MRO) facilities modernise production and lower operational costs through digitalisation.  This addition to the Honeywell Forge suite further supports Honeywell’s alignment with the megatrends of advancing automation and the future of aviation. Complexity and operating costs “During a time of increasing workplace complexity and operating costs, operators need to be able to leverage data to inform critical decision-making and embrace automation,” said Karen Miller, General Manager, Honeywell Connected Aerospace. Karen Miller adds, “As the aviation industry grapples with issues such as aging fleets, higher maintenance costs and ongoing supply chain challenges, Honeywell Forge Performance+ for Aerospace can help organisations achieve key outcomes such as quicker turnarounds, increased asset utilisation and decreased maintenance times.” Aerospace manufacturing and MRO operations Aerospace manufacturing and MRO operations face several challenges about operations and workforce Aerospace manufacturing and MRO operations face several challenges regarding operations and workforces. Many of these organisations need to increase operational awareness and improve asset management, such as quickly locating assets across a site, while also lowering operational costs. Organisations also have siloed data that cannot be effectively utilised in managing their businesses due to complex assets, facilities and workforces. Enhancing operational efficiency “Today’s aerospace companies need to improve their operational efficiency and gain better visibility into their assets, but disconnected and manual processes hold them back,” said Michael Rowe, Vice President Aerospace & Defence at Frost & Sullivan, a major industry analyst firm. Michael Rowe adds, “A smaller MRO team may have more than 1,200 open maintenance actions to tackle. Instead of focusing initially on work that seems easiest to complete, software solutions, such as Honeywell Forge Performance+ for Aerospace can enable companies to first address those tasks with the highest impact on operations that improve productivity and decrease costly downtime." Addition of FedRAMP Honeywell Forge Performance+ for Aerospace combines predictive maintenance, site optimisation and workforce intelligence into one solution. Looking ahead, Honeywell will also expand Honeywell Forge Performance+ for Aerospace with the addition of FedRAMP, a defence-compliant version of the platform that will provide services and solutions that are tailored to the defence industry.

Technology continues to transform the physical security industry, helping companies become more aware of the full spectrum of risks their organisation faces. Our new survey provides strong evidence that the use of these tools is solving some problems, but their implementation may create new challenges. In our 2022 State of Protective Intelligence Report, 93% of respondents said their company was actively adopting new threat intelligence, monitoring and alerting solutions for physical security, cybersecurity, human resources, legal and compliance, but they don’t have a comprehensive strategy for holistic data analysis and reporting. Companies are now receiving multiple streams of new intelligence and information without a way to make the information quickly actionable. Several negative impacts In short, teams responsible for physical security are nearing information overload. That finding was reinforced by another survey response. When we asked security, legal, and compliance professionals what they saw as their biggest challenges in 2022, 40% of respondents said their top concern is the problem of how to manage threat data, up from 32% in 2021. 40% of respondents said their top concern is the problem of how to manage threat data, up from 32% in 2021 The irony of this situation is that many of these tools replaced labour-intensive work (like physically going to the courthouse to pull files), making it possible for security professionals to get a better handle on the larger problems they face. Security teams that once suffered from a lack of information –– or time to get it –– now they are confronted by the opposite problem. This problem of information overload can cause several negative impacts. Physical threat volume First, there’s the potential for missed threats, even though the threat information is in your possession. If the information isn’t actionable, the security team can miss the proverbial needle in the haystack. In the survey, nearly three-quarters of respondents expect physical threat volume to increase in 2022, and 41% anticipate they will miss 51-100% of threats against their company or its employees. Real-time threats are going unnoticed in a stream of information that flows so quickly, analysts have little opportunity to connect the dots and make sense of it all. The second major impact of information overload is the roadblocks it creates, preventing the security team from working most effectively with other business units. The emerging class of technology tools collects threat information that can identify threats far beyond the security team, but the information collected is only useful if it can clearly articulate the scope and scale of the identified threats. Tracking threat information All systems are gathering information to understand what is or isn’t a threat" While the physical security team is usually tracking threat information most closely, other teams in the organisation also depend on receiving the same timely and accurate information to accomplish business-critical objectives. Without tools that can process and analyse data from all units holistically, information is likely to remain siloed within various business divisions, even though the HR, legal, compliance or cybersecurity teams may have just as much need to understand the threats as the unit that collected the data. “All systems are gathering information to understand what is or isn’t a threat,” said Danielle VanZandt, Security Industry Analyst at Frost & Sullivan. But, as she pointed out at the recently held Ontic Summit, this can be an issue if different areas of an organisation don’t share a common understanding about the threats they have individually identified. ‘It’s like when everyone touches parts of an elephant and is then asked ‘what does the elephant feel like?’ Threat data management Without a common understanding of the threat picture, each team may have very different answers, but VanZandt says using technology to promote information sharing and threat data management can help bridge this gap. Here’s an example: An overwhelming majority of organisations report that they have policies in place to notify security, human resources, and the legal department when an employee is terminated. 86% of respondents said violence or harm has occurred in the past year when an employee was furloughed However, those policies aren’t consistently applied, making it more likely that a potential threat actor could cause actual damages. According to our survey, 86% of respondents said violence or harm has occurred in the past year when an employee was furloughed or fired because their organisation does not consistently notify physical security, legal, or human resources, nor are they present when the dismissal takes place. Mitigating potential threats When all company units who are attempting to prevent problems can share a common understanding of potential threats, many of the most common problems can be addressed and mitigated before they occur. Improved coordination and information sharing also ensures all appropriate information can be used in decision making. In the case of an employee termination, most decisions are weeks or months in the making. Ensuring that security, legal, and human resources are sharing appropriate information as quickly as possible can help to create an effective plan to monitor the progress of an employee who is struggling, or prevent damage at the time of termination. While technology cannot solve all of these problems, technology tools can provide a confidential means to share appropriate information with the individuals or business units who need to know, ensuring everyone involved has access to the most updated and relevant details to understand and mitigate potential threats. Effective management of threat data, whatever the source, requires appropriate tools to foster effective analysis. Promoting holistic data management practices throughout the organisation will ensure these tools are used most effectively without causing further information overload.