SecureWorks Innovates Counter Threat Platform to Enable Enterprises to Better Detect, Contain, and Eliminate Cyber Threats
ATLANTA, GA, June 12, 2017 – SecureWorks ® (NASDAQ: SCWX), a leading provider of intelligence-driven information security solutions, continues to innovate its flagship Counter Threat Platform TM (CTP), leveraging artificial and human intelligence to deliver the visibility, insights, and threat detection and prevention capabilities that aim to reduce the complexity of keeping today’s organizations safe in the digital world.
Forming the technical core of SecureWorks’ approach to security, the CTP uses the global visibility gained from gathering and analyzing data from clients all over the world to more accurately identify, contain and eradicate cybersecurity threats. By combining up-to-the-minute threat intelligence with the CTP’s machine learning and analytics capabilities, organizations can make faster, more informed decisions about how to predict, prevent, detect, and respond to threat activity.
“SecureWorks leverages artificial and human intelligence in the CTP to help our clients see more, know more and do more to combat today’s advanced threats,” said Jon R. Ramsey, Chief Technology Officer at SecureWorks. “We are solely focused on solving cybersecurity challenges and continue to invest in building one of the most sophisticated implementations of machine learning and advanced analytics in the industry.”
SecureWorks is empowering its clients to make even smarter security decisions with a series of enhancements designed to ease security incident handling and incident response with increased visibility and putting additional context around security events.
Among the latest enhancements to the platform:
- Business-Driven Context and Intelligence – SecureWorks can now dynamically adjust the severity ratings assigned to security events based on assets and vulnerabilities in a way that improves incident handling and reduces the time it takes to properly respond. As a result, low- and medium-level events can be promoted when they are identified as being part of a larger or more sophisticated attack. This reduces incident counts and avoids the creation of unnecessary incident tickets for related issues allowing clients to focus on the higher priority incidents that matter most.
- Unified Visibility – New CTP algorithms mine the raw data collected from each client to create accurate and up-to-date inventories of assets without requiring client action. CTP uses this asset information to gain deeper visibility into potential security vulnerabilities on various systems. The combination of enhanced knowledge of the client asset base and security vulnerabilities enables SecureWorks to improve the efficiency of its services while increasing visibility without requiring clients to put forth significant effort.
- Accelerated Time to Value – SecureWorks is developing new Application Programming Interfaces (APIs) for key platform services allowing programmatic integration with clients’ security operations infrastructure. The upcoming Provisioning API will allow clients to on-board and change which of their assets are monitored with ease, accelerating the clients’ ability to ensure appropriate security and adding critical flexibility in today's dynamic IT environments.
Every day, SecureWorks’ CTP aggregates and correlates up to 240 billion events from more than 4,400 clients in 61 countries. Each of these events, coupled with historical attack data, is used by the platform to learn about the threats facing SecureWorks’ clients and form a cybersecurity network that improves SecureWorks’ ability to protect those organizations. Adding to this is the SecureWorks Counter Threat Unit TM research team (CTU), which forms the human component of SecureWorks’ approach to security and whose expertise enables organizations to form a strong, proactive defense against security threats.
“Our solutions maximize the security investments of firms of all sizes,” Ramsey said. “With our ability to analyze and correlate data from thousands of sources across a client’s data center, endpoints, applications and cloud, SecureWorks is able to deliver a level of visibility into the threat landscape, alerting organizations and averting threats on the horizon as well as those on their doorstep. Additionally, our vendor agnostic approach ensures that as our clients’ business and technology choices change, SecureWorks still protects them.”
SecureWorks® (NASDAQ: SCWX) is a leading global cybersecurity company that keeps organizations safe in a digitally connected world. We combine visibility from thousands of clients, artificial intelligence and automation from our industry-leading SecureWorks Counter Threat Platform™, and actionable insights from our team of elite researchers and analysts to create a powerful network effect that provides increasingly strong protection for our clients. By aggregating and analyzing data from any source, anywhere, we prevent security breaches, detect malicious activity in real time, respond rapidly, and predict emerging threats. We offer our clients a cyber-defense that is Collectively Smarter. Exponentially Safer.™ www.secureworks.com
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify these statements by such forward-looking words as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,” “outlook,” “should,” “will” and “would,” or similar words or expressions that refer to future events or outcomes. These forward-looking statements represent SecureWorks’ judgment only as of the date of this press release.
Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of risks, uncertainties and other factors, including those relating to: SecureWorks’ ability to achieve or maintain profitability; SecureWorks’ ability to enhance its existing solutions and technologies and to develop or acquire new solutions and technologies; the rapidly evolving market in which SecureWorks operates; SecureWorks’ reliance on personnel with extensive information security expertise; fluctuations in SecureWorks’ quarterly results and other operating measures; intense competition in SecureWorks’ markets; SecureWorks’ ability to attract new clients, retain existing clients and increase its annual contract values; SecureWorks’ reliance on its largest client and on clients in the financial services industry; SecureWorks’ ability to manage its growth effectively; SecureWorks’ ability to maintain high-quality client service and support functions; SecureWorks’ service level agreements with clients requiring credits for service failures or inadequacies; SecureWorks’ ability to continue expansion of its sales force; SecureWorks’ long and unpredictable sales cycles; risks associated with SecureWorks’ international sales and operations; SecureWorks’ ability to expand its key distribution relationships; SecureWorks’ technology alliance partnerships; real or perceived defects, errors or vulnerabilities in SecureWorks’ solutions or the failure of its solutions to prevent a security breach; the ability of SecureWorks’ solutions to interoperate with its clients’ IT infrastructure; SecureWorks’ ability to use third-party technologies; the effect of evolving information security and data privacy laws and regulations on SecureWorks’ business; SecureWorks’ ability to maintain and enhance its brand; risks associated with SecureWorks’ acquisition of other businesses; SecureWorks’ recognition of revenue ratably over the terms of its managed security and threat intelligence contracts; the effect of timing differences between the expensing of sales commissions paid to SecureWorks’ strategic and distribution partners and the recognition of associated revenues; estimates or judgments relating to SecureWorks’ critical accounting policies; SecureWorks’ exposure to fluctuations in currency exchange rates; the effect of governmental export or import controls on SecureWorks’ business; SecureWorks’ compliance with the Foreign Corrupt Practices Act and similar laws; SecureWorks’ ability to maintain effective disclosure controls and procedures; the effect of natural disasters and other catastrophic events on SecureWorks’ ability to serve its clients; SecureWorks’ reliance on patents to protect its intellectual property rights; SecureWorks’ ability to protect, maintain or enforce its non-patented intellectual property rights and proprietary information; claims by third parties of infringement of their proprietary technology by SecureWorks; SecureWorks’ use of open source technology; and risks related to SecureWorks’ relationship with Dell Technologies Inc. and Dell Inc. and control of SecureWorks by Dell Technologies Inc.
This list of risks, uncertainties and other factors is not complete. SecureWorks discusses these matters more fully, as well as certain risk factors that could affect SecureWorks’ business, financial condition, results of operations and prospects, under the caption “Risk Factors” in SecureWorks’ annual report on Form 10-K for the fiscal year ended February 3, 2017, as well as in SecureWorks’ other SEC filings, including SecureWorks’ quarterly report on Form 10-Q for the fiscal first quarter ended May 5, 2017. Any or all forward-looking statements SecureWorks makes may turn out to be wrong and can be affected by inaccurate assumptions SecureWorks might make or by known or unknown risks, uncertainties and other factors, including those identified in this press release. Accordingly, you should not place undue reliance on the forward-looking statements made in this press release, which speak only as of its date. SecureWorks does not undertake to update, and expressly disclaims any obligation to update, any of its forward-looking statements, whether as a result of circumstances or events that arise after the date the statements are made, new information or otherwise.