NEW YORK, NY and MILPITAS, CA--(Marketwired - October 25, 2016) - CohnReznick LLP, one of the nation's top accounting, tax and advisory firms, and SS8, the time machine for breach detection, today announced a new alliance that combines SS8's continuous retrospective threat detection with CohnReznick's cybersecurity risk advisors to deliver a managed detection and response (MDR) service. Financial services, retail and other industries benefit from this new proactive threat detection and breach hunting service, while also cost-effectively meeting their compliance requirements.
With numerous regulatory agencies issuing cybersecurity mandates and guidelines requiring an ability to detect and manage threats, businesses need to take threat detection measures seriously. According to Gartner: IT security leaders should "use MDR services to augment existing security monitoring capabilities to address gaps in advanced threat detection and incident response before investing in more security monitoring tools (e.g., security information and event management [SIEM], network, and host-threat detection), and associated staff and expertise."1
"When it comes to protecting their organization's data, intellectual property, and assets, our clients need real breach detection to help minimize loss," said Jim Ambrosini, managing director of cybersecurity for CohnReznick LLP. "When evaluating technology to complement our risk practice, we realized we needed a solution that is proven, easy-to-implement and could meet the threat detection compliance requirements of our financial clients."
Ambrosini added, "SS8 is the clear winner with retrospective analysis capabilities that provide a deep understanding of breach risk. We can turn back the clock to see the who, what, when, where, and how a threat penetrated the network, well before a true data exfiltration event would occur."
CohnReznick is providing customized risk assessments that illustrate the potential breach exposure within their environment. While many organizations are forced to rely on small IT or security teams, and have challenges managing and developing their own security strategies, the combined force of SS8's technology and CohnReznick advisors gives clients the strategy to prevent future risk and the technology horsepower to detect the most advanced threats on the network.
"Companies are frustrated in not knowing if they have been breached, and equally frustrated with the cost and complexity of today's cybersecurity tools that are supposed to be protecting their business and sensitive data," said Faizel Lakhani, president and COO of SS8. "CohnReznick is positioned to simplify the lives of IT and cybersecurity professionals, and we are excited to be powering the threat detection and hunting technology behind the CohnReznick service that will focus on stopping breaches in their tracks."
Also according to Gartner, "By 2020, 15% of midsize and enterprise organizations will be using services like MDR, up from less than 1% today."1
SS8 is a time machine for breach detection that applies the latest knowledge to history to find breaches now you didn't know about before. By generating, storing and analyzing months, and even years, of enriched intelligence from all communications flows, SS8 customers benefit from unprecedented content- and context-aware insights that allows them to find what matters most. SS8 is trusted by six of the world's largest intelligence agencies, five of the 10 largest communications providers and two of the world's largest critical infrastructure entities. Learn more at www.ss8.com.
CohnReznick LLP is one of the top accounting, tax, and advisory firms in the United States, combining the deep resources of a national firm with the hands-on, agile approach that today's dynamic business environment demands. With diverse industry expertise, the Firm provides companies with the insight and experience to help them break through and seize growth opportunities. The Firm, with origins dating back to 1919, is headquartered in New York, NY with 2,700 employees in offices nationwide. CohnReznick is a member of Nexia International, a global network of independent accountancy, tax, and business advisors. For more information, visit www.cohnreznick.com.
1 Gartner, "Market Guide for Managed Detection and Response Services," Toby Bussa, Craig Lawson, Kelly M. Kavanagh, May 10, 2016