Independent Asian wealth manager Portcullis Group has deployed the CyGlass solution globally to further strengthen its cyber defences and protect sensitive customer data and digital assets.
Cyber risk is one of the biggest challenges facing financial firms today, and CyGlass’s Al-driven solution, Oyster Security – the cybersecurity arm of Portcullis Group – can now leverage this unified Al-driven platform to deepen its capabilities in advanced network protection, and also strengthen its security posture across enterprise networks in eight jurisdictions globally.
In recent years, more than 50 per cent of breaches were a result of “advanced cyber threats”. The failure of existing security technologies to be able to provide visibility in your network against unknown attacks and rogue assets, which continues to depend on security analysts sifting through an overwhelming volume of logs and alerts, has resulted in 70 per cent of “advanced threats” going undetected.
Relying on signatures or rule-based security products is ineffective, leaving organisations more exposed and inundating the Security Operations Center (SOC) with false positives and no way to identify and block the threat.
“Portcullis Group has over the years invested significantly in cybersecurity to protect our network as well as digital assets and we have been constantly looking out for innovative solutions to address our technology risk management challenges. CyGlass’s Al-based platform allow our security team to leverage on machine learning and smart automation to have enhanced visibility, real-time insights and actionable intelligence to better manage our network security,” says Vincent Ang, Director of Oyster Security.
“CyGlass provides affordable SaaS solution for network anomaly detection. The threat actors cannot hide in the network and where traditional security tools serve a valuable purpose, they are not built to track and identify unusual behaviour within the network. Our easy to deploy solution contains a dashboard that can be used by security analysts, management and even the board of directors to visualise the state of the network and the progress to identify and remediate the attacks on the business,” says Ed Jackowiak, CEO of CyGlass Inc.