NEW YORK and TEL AVIV, Israel, Nov.
22, 2017 /PRNewswire/ -- Illusive Networks, leader in
deception-based cybersecurity, today announced that OakNorth, the
bank for entrepreneurs, by entrepreneurs, chose Illusive's
Deceptions Everywhere® cybersecurity technology to defend its
network from targeted attacks and Advanced Persistent Threats
(APTs) that could occur in the future.
In May 2016, OakNorth became the
first UK bank to have its core systems fully hosted on the cloud –
a landmark move for the industry and one that came after several
months of liaising with the financial regulator. The bank opted for
deception technology to bolster its defence with a new and
proactive approach to cybersecurity, detecting and analyzing
attacks in real time with no false positives, minimizing manpower
required to monitor alerts. The ability to mitigate attacks at the
earliest opportunity accompanied by detailed forensic evidence at
the time of the alert was also a priority.
"We chose Illusive's technology as we liked their approach of
exploiting an attacker's vulnerabilities by looking at the network
from an attacker's perspective, rather than trying to anticipate
every weakness of an organization in turn," said OakNorth's IT
Director Rui Silva. "We felt they
were a good fit with our IT stack as being fully cloud-based, we
need flexible partners that can move quickly. Alongside this,
Illusive has an exceptional reputation in the market, they are
backed by major global corporations and the team is both highly
knowledgeable and passionate about what they do."
"Illusive Networks protects the networks of many of the most
recognizable global financial institutions. We're finding our
technology is particularly attractive to financial services
customers who face a higher risk of impact targeted attacks which
can cause insurmountable financial and reputational damage," said
Illusive Networks' CEO Ofer Israeli.
"While our focus is large multi-national financial services
institutions, we are excited that one of the UK's most innovative
fintech companies chose Illusive for detection and defence security
in an ever-increasing hostile climate."
Launched in September 2015 by
serial entrepreneurs Rishi Khosla
and Joel Perlman, OakNorth provides
fast, flexible and accessible debt finance to fast-growth
businesses and property developers. Leveraging a combination of
fundamental credit analysis with data analytics and machine
learning to service the market at scale, the bank has raised over
£115 million of equity capital, grown its loan book to £720
million, and raised retail deposits from almost 15,000
customers.
Illusive Networks' award-winning, distributed deception platform
blankets a company's entire network with information that deceives
attackers. Deceptions are placed on every endpoint and server, on
application and data layers. In addition, deceptive network traffic
is generated to lure the hacker. Automatically generated and
AI-driven, Illusive's deceptions are tailor-made for the customer's
environment to appear realistic and authentic to attackers. As soon
as attackers attempt to use the deceptive data, Illusive detects
and alerts enterprise security teams, providing real-time,
contextual forensic data from the source host that enable informed,
targeted and timely incident response operations. The
platform is agentless, allowing swift and easy deployment, with
minimal manpower required for both its roll out and daily
operations.
About Illusive Networks
Illusive Networks is
pioneering deception-based cybersecurity with its patented
Deceptions Everywhere® technology that neutralizes targeted attacks
and Advanced Persistent Threats (APT) by creating a deceptive layer
across an enterprise network. By providing an endless source of
false information, Illusive disrupts and detects attacks with
real-time forensics and without disruption to business, while
real-time forensic and risk insights support more effective and
efficient incident resolution. For more information, please visit
www.illusivenetworks.com or follow on
LinkedIn, @Illusivenw on Twitter and Facebook.
About OakNorth
Launched in September 2015, OakNorth is a UK bank that
provides fast, flexible and accessible debt finance (from £500k to
£20m) to fast-growth businesses and established property
developers.
It is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential
Regulation Authority.
Visit oaknorth.com for more information.
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SOURCE Illusive Networks