Bay Dynamics and Symantec are working together to better protect payments and personal data from insider threats.
Symantec, a provider of malware and virus protection, will integrate Bay Dynamics' Risk Fabric behavior analytics software into its own data loss prevention software. The combination of the technologies will create a central point of behavior analytics to prevent malicious insiders from stealing sensitive data while also prioritizing outside threats.
“Cybersecurity is a business risk, not a technology issue, that executives must learn to manage continuously, as they do with currency, inventory or intellectual property,” Jason Dewez, senior vice president and chief information officer with payment processor First Data, said in a July 18 press release. “Managing risk effectively requires timely, accurate data that is actionable across the organization."
The Symantec and Bay Dynamics solutions provide First Data with automated analytics that quantify and prioritize the cyber risks that matter most, so its own cyber team "is dramatically more efficient and can focus on strategic risk management versus chasing operational false positives that waste valuable time,” Dewez added.
The Bay Dynamics machine learning capabilities can help businesses "connect the dots" between people, user accounts, user behavior, asset profiles and organization content, the companies said.
The partnership will allow businesses to prioritize and prescribe actions each stakeholder should take to protect important assets, while breaking down the barriers between different cyber security tools and data sets.
“This technology partnership with Symantec delivers cutting-edge risk analytics to Symantec’s global customer base, who must prevail against the world’s most determined cyber adversaries,” Feris Rifai, co-founder and CEO at Bay Dynamics, said in the release.