Snode brings advanced cybersecurity defences to South Africa and the World

October 27, 2016



Source: TechSmart

 

Cyber-intelligence company, Snode, has launched in South Africa. The company utilises advanced mathematical algorithms, the processing power of learning machines, and predictive analytics; providing real-time intelligence to your business. Snode provides insights into behavioural patterns, which help identify and combat cyber-threats before potential breaches may occur.

Snode uses Intelligence Amplification (IA), which combines machine learning with the depth of human experience and insight. Differing significantly from Artificial Intelligence, which aspires to replace human involvement altogether.

“Snode’s application in cybersecurity leverages years of expertise in cyber-intelligence and mathematics,” says Nithen Naidoo, CIO at Snode. “The company believes it provides a much needed service in South Africa; cybercriminals are now, more than ever, turning their attention to emerging markets which they perceive to be easy, yet lucrative, targets.”

Within emerging markets, it is the banking sector that is particularly vulnerable, as evidenced by the recent slate of SWIFT attacks, as are C-suite executives. Exacerbating matters is that cyberattacks frequently come from advanced and highly motivated crime syndicates which are dispersed globally. The recent trend of commercial enterprises, governments and other NGO’s engaging in cybercrime further fuels the increased sophistication of attacks.

A more intelligent line of defence is urgently required, as traditional end-point and signature based technologies are inefficient in dealing with the rapidly evolving threat landscape. “Snode believes that a more proactive and innovative approach to cybersecurity is needed. South Africa is already in the midst of a cybersecurity storm,” says Naidoo. “Snode brings existing security controls into a next-generation cyber-defence, capable of defeating today’s sophisticated and dynamic attackers.”

Data is the core of any business, therefore it is of the utmost importance to effectively secure your information; protecting it against cyber-threats. “Snode tips the balance in cyber-warfare, to favour the defenders and root-out the attackers. Passively monitoring massive amounts of data traversing client networks, giving Snode a comprehensive view of all activities. It detects and reports suspicious behavioural patterns, as well as various anomalies, in real-time. No conventional solution does this,” concludes Naidoo.

Previous

Snode launches in SA

October 27, 2016

Source: ITWeb Africa   UK-based cyber-intelligence company Snode has launched in South Africa, aiming to use its advanced technology to secure businesses, especially in the banking sector. Snode uses advanced mathematical algorithms, the processing power of learning machines, and predictive analytics to provide businesses with real-time intelligence and insights into behavioural patterns that help identify and combat cyber-threats before they occur. The company's cyber-intelligence solution looks to help clients proactively manage their cybersecurity posture, with Snode saying this empowers businesses to be driven forward through embracing emerging technologies. A team of 12 consultants with extensive cybersecurity expertise and experience is spread across Snode's offices in Johannesburg and London, with the company advising on cybersecurity matters across various sectors, particularly financial services but also mining, professional services and aerospace. "Snode's application in cybersecurity leverages years of expertise in cyber-intelligence and mathematics," said Nithen Naidoo, CIO at Snode. "The company believes it provides a much needed service in South Africa; cybercriminals are now, more than ever, turning their attention to emerging markets which they perceive to be easy, yet lucrative, targets." Snode uses Intelligence Amplification (IA), combining machine learning with human experience and insight. This differs from Artificial Intelligence AI), which aspires to replace human involvement altogether. The company's focus in South Africa will be the banking sector, which it says is particularly vulnerable in emerging markets, as evidenced by the recent increase in SWIFT attacks. Cyberattacks frequently come from advanced and highly motivated crime syndicates which are dispersed globally, with the company saying equally sophisticated methods are needed to combat it. "Snode believes that a more proactive and innovative approach to cybersecurity is needed. South Africa is already in the midst of a cybersecurity storm," Naidoo said. "Snode brings existing security controls into a next-generation cyber-defence, capable of defeating today's sophisticated and dynamic attackers." He said data is the core of any business, and therefore it is of the utmost importance to effectively secure information and protect it against cyber-threats. "Snode tips the balance in cyber-warfare, to favour the defenders and root-out the attackers. Passively monitoring massive amounts of data traversing client networks, giving Snode a comprehensive view of all activities. It detects and reports suspicious behavioural patterns, as well as various anomalies, in real-time. No conventional solution does this," said Naidoo.

Next

Snode enters the SA cyber security market

October 28, 2016

Source: ITWeb   The company was started by three South Africans: Nithen Naidoo, CIO at Snode and brothers Nadir and Shaazim Khamissa, who are co-founders of the telecommunications company Hello Group. Nadir is an actuary and is a former MD of global equity derivatives trading at Deutsche Bank, based in London. Shaazim is the chief technology officer at Hello Group. Snode uses utilises advanced mathematical algorithms, the processing power of learning machines, and predictive analytics to provide real-time intelligence to business. The company's technology also uses intelligence amplification, whereby the power of machine learning is augmented with a trained individual's insight. According to Naidoo, intelligence amplification should not be confused with artificial intelligence which aspires to replace human involvement altogether. "Snode's application in cyber security leverages years of expertise in cyber intelligence and mathematics," he said. The company's technology does not replace traditional signature-based solutions, but is complementary, Naidoo pointed out. Snode believes it will provide a much-needed service in SA, especially as the vulnerability to cyber attacks is increasing as businesses are rapidly digitising. "Cyber criminals are now, more than ever, turning their attention to emerging markets which they perceive to be easy, yet lucrative, targets," said Naidoo. "Within emerging markets, it is the banking sector that is particularly vulnerable, as evidenced by the recent slate of SWIFT attacks. C-suite executives are also targeted," Naidoo explained. "Exacerbating matters is that cyber attacks frequently come from advanced and highly motivated crime syndicates that are dispersed globally," he continued. According to Naidoo a lot of cyber security breaches are not reported, particularly cyber espionage, and this is mostly due to companies not being aware of the breach. "We are no longer dealing with kids in the bedroom, but organised crime - government-led attacks, corporate espionage, and hacktivism and so on - and SA is not immune." Naidoo noted that a more intelligent line of defence is urgently required, as traditional end-point and signature-based technologies are inefficient in dealing with the rapidly evolving threat landscape. "The digital age brings with it incomprehensible amounts of data and the challenge is how to best use it, and glean value from it without wasting resources," he said.   "Traditional signature-based protocols look at data in isolation. Threat intelligence helps but is retroactive, signature-based protocols are reactive, Snode is proactive."   Naidoo said companies need more than a firewall. "A firewall is often unable to differentiate between a malicious login attempt and a real one, Snode provides that framework."