USER Behaviour Analytics security firm, Securonix, has expanded into Australia with the opening of its first operational base in Sydney.
The company’s market-leading technology detects malicious behaviour within an organisation or network in real-time. The launch in Sydney follows on the heels of the company launching in Singapore as part of a concerted global expansion.
Founded in 2008, Securonix pioneered the use of user and entity behaviour analytics (UEBA). It is the only purpose-built Security Intelligence Platform that relies on signature-less technology for the detection, monitoring, investigation and management of malicious behaviour within an organisation and/or its network in real-time.
It analyses user behaviour, log irregularities and next-generation security information and event management (SIEM), and can connect the dots from the full range of data available, develop profiles based on that data, and identify where a threat may come from and what level threat it poses before the damage is done.
“Some of the world’s biggest security breaches happen not from the outside, but from within. Fraud, leaks and insider theft are on the rise in Australia and firms need to act to protect themselves,” said Chris Poulos, vice president for Asia-Pacific and Japan, Securonix.
The most recent KPMG ‘fraud barometer’ found that the total value of frauds rose by 16 per cent during a six-month period in 2016 to $442m, and that those most likely to be engaged in fraud were from company management (36 per cent of cases).
“It’s why analysing user behaviour should be part and parcel of a security posture and until now Australian organisations have been unable to do it effectively,” said Poulos.
Based in Sydney, the company will be led locally by Poulos and Michael Livingstone, Country Manager for Australia and New Zealand.
The Securonix platform can be delivered as a managed service or through the channel in Australia, with the company having established partnerships with more than a dozen resellers in the region. ♦