LOS ANGELES – (BUSINESS WIRE) – October 15, 2021 – Gurucul, in Unified Security and Risk Analytics technology for on-premises and the cloud, today announced that Gurucul will be presenting and demonstrating the company’s Insider Threat Solution and conducting briefings at the following federal events.
“The Insider Threat is a major cyber security challenge for many organizations. The increasing risk of insider threats is worsened with more employees working from home than ever before, using new applications and tools, and relying on cloud applications”
October 20-21, 2021
National Harbor, MDAFCEA TechNet Cyber 2021
October 27-28, 2021
Baltimore Convention Center
Gurucul Booth: 2236
“The Insider Threat is a major cyber security challenge for many organizations. The increasing risk of insider threats is worsened with more employees working from home than ever before, using new applications and tools, and relying on cloud applications,” said Saryu Nayyar, CEO, Gurucul. “Insiders are already within the perimeter, past the firewalls and remote access controls, which makes them much harder to detect and prevent. Worse, a malicious insider already knows exactly where to find the most valuable information, so they can access the organization’s most sensitive data with little risk of being stopped or caught.”
Gurucul Unified Security and Risk Analytics ingests and analyzes massive amounts of data from virtually any source, including network, IT systems, cloud platforms, applications, IoT, identity management solutions, and more. With the industry’s largest advanced machine learning model library, patented anomaly detection and predictive risk-scoring algorithms, Gurucul zeros in on abnormal behaviors and activities that are indicative of sabotage, data theft, and privilege abuse. Through real-time contextual, risk-prioritized alerts, Gurucul provides automated detection and mitigation.
According to the 2021 Insider Threat Report conducted by Cybersecurity Insiders, 98 percent of organizations reported they are vulnerable to insider threats. In the last month alone, several high profile insider threat events made headlines, including:
- A former lead scientist of glass manufacturer Corning was indicted for stealing trade secrets relating to a DARPA collaboration. The rogue employee exfiltrated critical business data and shared it with international competitors.
- Three former operators of financial services firm Biscayne Capital conspired to defraud investors and financial institutions in an international fraud scheme that caused more than $155 million in investor losses.
- The Department of Justice announced criminal charges against 138 defendants, including 42 doctors, nurses, and other licensed medical professionals, in 31 federal districts across the United States for their alleged participation in healthcare fraud schemes. Approximately $1.1 billion in telemedicine fraud was committed, $29 million in COVID-19 health care fraud, $133 million in substance abuse treatment facilities fraud, and $160 million in other health care fraud and illegal opioid distribution schemes.
- A threat actor bribed AT&T employees to install malware on the company’s internal network and has been sentenced to 12 years in prison after he illegally unlocked more than 1.9 million phones, causing the US telco losses in excess of $201 million. AT&T determined that the loss it suffered was because customers whose phones were unlocked failed to complete cellular phone payments.
- A doctor is admitted to defrauding his former employer, a medical practice in southern New Jersey and stole more than $500,000 from the practice.
For briefing appointments at 2021 Counter-Insider Threat Symposium, contact PR@Gurucul.com.
Gurucul is a global cyber security and fraud analytics company that is changing the way organizations protect their most valuable assets, data and information from insider and external threats both on-premises and in the cloud. Gurucul’s real-time security analytics and fraud analytics technology combines machine learning behavior profiling with predictive risk-scoring algorithms to predict, prevent and detect breaches and fraud. Gurucul technology is used by Global Fortune 1000 companies and government agencies to fight cyber fraud, IP theft, insider threats and account compromise. The company is based in Los Angeles. To learn more, visit Gurucul and follow us on LinkedIn and Twitter.
Jane Grafton, VP Marketing