SOURCE: SentinelOne

SentinelOne

July 26, 2016 07:30 ET

SentinelOne Establishes $1 Million Cyber Threat Protection Guarantee Giving First-Ever Industry Assurance Against Growing Threats

Company Stands Behind Next-Generation Endpoint Protection With New Ransomware Guarantee, to Protect Customers Against One of Today's Biggest Threats

PALO ALTO, CA--(Marketwired - Jul 26, 2016) -  SentinelOne, the company transforming endpoint security by delivering real-time protection powered by machine learning and intelligent automation, today announced a cyber threat protection guarantee to provide customers with financial protection in the event of ransomware attacks on their networks. The guarantee reflects SentinelOne's singular ability to fight against advanced forms of malware, including those used in ransomware attacks, through its unique behavior-based detection engine coupled with automated mitigation and remediation technologies.

SentinelOne's cyber threat protection guarantee program provides its customers with financial support of $1,000 per endpoint, or up to $1 million per company, securing them against the financial implications of a ransomware attack, if the company indeed suffers an attack and SentinelOne is unable to block or remediate the effects. As the use of ransomware as a lucrative attack method rises exponentially -- ransomware victims paid out $209 million in Q1 2016, compared to $24 million for all of 2015 -- equipping organizations with the ability to eradicate this highly disruptive threat is a key element of SentinelOne's Endpoint Protection Platform and proprietary technology which protects against malware, exploit, and even insider-based attacks that increasingly use stealthy script-based languages to remain hidden from antivirus software.

"I've long rallied hard about the ineffective antivirus products currently on the market -- which cost companies billions of dollars annually but ultimately fail to keep them secure," said Jeremiah Grossman, chief of security strategy for SentinelOne. "The security industry is undergoing a credibility crisis, with security vendors launching product after product without specific validation of their effectiveness. But we're headed for a major shift where security vendors will be required, not only by customers but by lawyers and insurers, to put their money where their mouth is."

"Companies have relied upon outdated technologies like antivirus for too long, focusing their security strategy on what they already know rather than what's lurking in the shadows," said Tomer Weingarten, co-founder and CEO of SentinelOne. "Our purpose is to protect companies from the worst, by providing both the tools needed to find and mitigate threats in an ever-evolving threat landscape as well as financial security for the worst case scenario."

The launch of SentinelOne's cyber threat protection guarantee coincides with fundamental changes to the endpoint protection capabilities needed by the world's largest organizations. Gartner states that "Protection from highly targeted, new and low-volume attacks requires a more proactive approach that is grounded in solid operations management processes, such as vulnerability analysis, patch management and application control capabilities."1 Going well beyond legacy methods that have relied on static, signature-based detection, SentinelOne's machine learning technology is able to detect malicious code through the behaviors it exhibits on execution, allowing attacks to be rooted out even if the system is encountering an entirely new malware variant.

The expertise contained within SentinelOne's research team further fortifies its position as a leader in effectively tackling the constantly evolving threat landscape. The global research team devotes their efforts to identifying new forms of threats, including ransomware, and extracting new techniques that are then programed within SentinelOne's Dynamic Behavior Tracking engine. Most recently this led to the discovery of a new strain of CryptXXX ransomware that improved its ability to defeat free decryption tools and many popular antivirus solutions. SentinelOne's continually expanding base of knowledge on the delivery, function and evolution of the most sophisticated ransomware strengthens its customers' ability to defeat it.

The SentinelOne Cyber Guarantee is immediately available to SentinelOne customers and partners. For more information visit https://sentinelone.com/ransomware-cyber-guarantee/.

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About SentinelOne
SentinelOne is shaping the future of endpoint security with an integrated platform that unifies the detection, prevention and remediation of threats initiated by nation states, terrorists, and organised crime. SentinelOne's unique approach is based on deep inspection of all system processes combined with innovative machine learning to quickly isolate malicious behaviors, protecting devices against advanced, targeted threats in real time. SentinelOne was formed by an elite team of cyber security and defense experts from IBM, Intel, Check Point Software Technologies, McAfee, Palo Alto Networks and the Israel Defense Forces. To learn more visit sentinelone.com or follow us at @SentinelSec.

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1 Gartner, "Magic Quadrant for Endpoint Protection Platforms, Peter Firstbrook and Eric Ouelette, February 1, 2016

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