25 February 2018
Visit www.capgemini.com/worldreports

Corvil puts cybersecurity expert Cara on trading desks

17 May 2017  |  3484 views  |  0 Source: Corvil

Corvil today announced a cybersecurity solution specifically designed to address the unique security needs of today’s electronic trading businesses looking to solve escalating concerns over cyber attacks while demonstrating compliance with evolving regulations.

Powered by sophisticated machine learning algorithms, Corvil “Cara” acts as a virtual security expert that autonomously identifies vulnerabilities and possible attacks within trading environments that often process trillions of dollars’ worth of transactions daily.

In a backdrop where the US Securities and Exchange Commission recently cited cybersecurity as the biggest risk facing the financial system,1 Cara is the first and only solution to bridge the gap that traditional security solutions have been unable to fill. Given the highly automated nature of electronic trading businesses today, there is a high sensitivity to performance impact. Cara is deployed with zero compromise to trading system and infrastructure speed, agility or performance, which is so intrinsic to the most successful electronic trading businesses.

Cara works by providing specialized protection for the trading environment in tandem with Corvil’s existing analytics appliances. It applies machine learning algorithms to determine and benchmark the normal behavior of activity seen on the network. It then runs multi-dimensional security analytics that detects patterns of compromise, and pinpoints the most important issues for investigation. Cara’s daily cybersecurity intelligence report includes a cyber risk assessment score consumable by c-level executives and outlines the insights required by CISOs and security teams for detailed forensic investigation and response.

Cara is the only security solution that discovers and makes sense of the specific user and business context of all trading sessions, market data streams and other traffic, thereby continually improving the relevance and quality of detected anomalies. This allows it to reduce the prevalence of false positives and provides contextual information that eliminates much of an analyst’s investigative workload by automatically running assessments that they would otherwise carry out manually. Reducing a security team’s investigation time means the ability to more quickly apply expertise to mitigate risk.

“Corvil is deeply embedded in the financial markets industry as our technology watches over electronic executed transactions with a daily value in excess of $1 trillion. We know data exfiltration, data privacy and mitigation of ransomware attacks remain a top priority for CISOs and c-level executives in the financial markets sector, and we are committed to leveraging our expertise and innovate to support their challenges,” said Corvil CEO, Donal Byrne. “We are confident that Cara’s ability will significantly bolster these businesses’ security posture which in turn will provide important assurances to boards of directors and stakeholders concerned with business continuity and risk management.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.nextgenbanking.co.ukRegister for the webinar

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12163 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10515 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8887 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8334 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7948 views comments | 10 tweets | 14 linkedin

Featured job

Find your next job