Managed Detection and Response Keeps Buy-Side Firms Safe from Constantly Evolving Cyber Attacks
eSentire, Inc., the leader in managed cyber threat detection and response services, today announced it was awarded “Best Buy-Side Cybersecurity Platform” in the 10th Annual Waters Buy-Side Technology Awards. The aim of the awards is to recognize the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of seven judges - five buy-side-focused technology consultants and two of Buy-Side Technology's editors. Winners were announced during a November 4th luncheon at The May Fair Hotel in London.
In order to win the “Best Buy-Side Cybersecurity Platform/Tool” category, a company needed to provide buy-side firms with threat detection and response support to guard against cyber-attacks across a range of platforms, including email, networks, and mobile devices. The company should also provide CIOs with an intuitive and easy-to-understand dashboard reflecting the firm’s current security status. With this, eSentire keeps buy-side firms safe from constantly evolving cyber-attacks with its flagship solution, eSentire Managed Detection and Response™ (MDR).
Smarter than traditional technologies, eSentire MDR goes beyond intrusion prevention (IDS/IPS) and System Information and Event Management (SIEM), leveraging full-packet capture, signature-based threat intel, behavioural and reputational-based analytics, and attack pattern algorithms to detect both known and unknown cyber threats. Additionally, eSentire’s 24x7 Security Operations Centre (SOC) analysts utilize powerful forensic tools to hunt, fully investigate, and respond to real attacks before they can do harm to a client’s network, ultimately becoming an extension of a client’s in-house IT team, detecting, communicating and remediating threats in real-time, around the clock. This delivery model works incredibly well for asset management and hedge fund firms, validated by eSentire’s client base which has more than doubled, while maintaining a 95% client retention rate. eSentire prides itself on its high level of customer service through an exceptional 5:1 client to analyst ratio.
“Cybercrime has skyrocketed in recent years and with evolving threat vectors and escalating risk, government and regulatory bodies continue to underscore the importance of ensuring that all buy-side and financial services firms demonstrate measures in place to defend themselves,” said Eldon Sprickerhoff, founder and chief security strategist at eSentire. “We are tightly aligned to emerging and evolving regulatory measures and continue to augment and release new offerings that help firms meet regulatory requirements. With operations in London, England, and our European Headquarters and SOC in Cork, Ireland, we are mindful of the strict data privacy laws (such as the General Data Protection Regulation), regional compliance requirements, and shifting international laws (like Safe Harbour and its successor, the Privacy Shield). Regulatory alignment is a core function within our business and as such, compliance is a core consideration for every client, regardless of domicile.”
Combining people, process, and proprietary technology, eSentire delivers an unmatched premium-level service that hunts, detects, remediates, and communicates sophisticated cyber threats in real-time, 24x7. Our service combines the latest technology with a sophisticated team of security experts, analysts, and hunters who continually monitor client networks. Protecting more than $3.5 trillion USD in Assets under Management (AuM), and more than 1,600 sensors in 30 countries, eSentire is the award-winning choice for buy-side firms.