An approximately $20 million acquisition brings two security firms together that detect and prevent cyber attacks
Digital security firm CyberArk has acquired fellow Israeli company CYBERTINEL in a deal that could see the merging of the two companies’ groundbreaking cyber security systems.
Terms of the deal have not been made public, but according to a report from Israeli website Calcalist, the deal is worth upwards of $20 million. CyberArk first went public on the Israeli Stock Exchange last year. CYBERTINEL specializes in technology that identifies cyber threats, which will help its new parent company improve its own abilities in the field.
Analyzing threats in real-time
CYBERTINEL’s tech identifies sophisticated cyber attacks almost automatically, using deep analysis on collected data from five separate mechanisms that monitor and identify threats in real-time. These mechanisms reveal the source, behavior, strategy, and history behind the attack. The system can determine in just a few hours if the organization might have been attacked in the past and whether or not it is still under threat, giving system managers a valuable tool for dealing with real-time threats.
CYBERTINEL complements the existing security solutions a company may already have by deploying ‘secret agents’ to monitor threats and improve security at all system access points.
At the end of an attack, the software produces a comprehensive report about the incident.
Beyond defending against external cyber attacks, the products the two companies offer enable the prevention and detection of suspicious activity by system users, whether or not they have permissions. According to CyberArk, the greatest security risks today mostly come from within a company, whether a given employee realizes he is endangering the system or not.
CYBERTINEL’s software is already installed on the systems of government agencies, public sector organizations, public service agencies, and financial institutions. The company was founded in 2012 by Kobi Ben-Naim and Guy Ben-Arieh. They currently employ about 20 workers.
CyberArk develops security solutions for private organizations, its flagship product being Privileged Identity Management. The product offers a range of solutions against external attacks, as well as internal attacks that might originate from employees.
The merging of the companies’ two solutions may likely produce a more formidable product and supply a resounding defense for private computer networks.