Elysium Analytics Launches First Cognitive SIEM

Feb 19, 2019

Modern SIEM platform drives critical new SOC intelligence to counter polymorphic, advanced cybersecurity threats

SANTA CLARA, CA – 8am ET, 20th February 2019Elysium Analytics, the cognitive cybersecurity business incubated by System Soft Technologies, today announced the availability of the industry’s first cognitive security information and event management platform (Cognitive SIEM).  

The Elysium Cognitive SIEM’s user entity behavior analytics (UEBA) applies machine learning (ML) to streaming data to deliver real-time advanced decision-making through contextual threat behavior analysis. As cyberthreats become more dynamic and elusive, the platform offers unmatched vulnerability identification and detection, particularly against constantly-evolving polymorphic hacking approaches.

At the core of the Cognitive SIEM is a unique UEBA engine that enhances the real-time identification of anomalous behavior from compromised users, devices, applications, servers, data, or IP addresses. The Elysium Cognitive SIEM, in contrast to legacy SIEM solutions, helps the security operations center (SOC) find known and unknown threats in real time. The platform operates standalone or complements a customer’s existing SIEM systems to reduce detection time from months to minutes.

The Elysium Cognitive SIEM dramatically reduces lost data, negative financial impacts, and interruptions to business operations. With this platform, organizations can manage and retain an unlimited amount of data at the industry’s lowest cost.

In 2018, according to the Ponemon Institute, the cost of an average data breach to a U.S. company was $7.91m, and the average time it took to identify a data breach was 196 days (1). Coupled with this, Juniper Research expects more than half of all data breaches globally to occur in the United States by 2023 (2).

“These statistics show what today’s enterprises are up against – they’re losing ground to malicious actors who are leveraging polymorphic malware and utilizing advanced adversarial tools that are more capable than current cybersecurity solutions,” said Satish Abburi, Founder, Elysium Analytics.

“Our mission is to utilize cutting-edge technologies – artificial intelligence, machine learning and deep learning – and subject matter expertise to battle bad actors. We’re enabling increased speed and accuracy of decision-making needed in the SOC to handle cybersecurity threats that are increasingly insidious, numerous and dangerous.”

According to Joanna Huisman, Senior Director Analyst at Gartner, “By 2021, artificial intelligence in the form of machine learning will play a significant role in the security learning landscape, offering personalized learning experiences and increasing retention of information” (3).

Elysium Analytics customers benefit from:

  • Machine learning with interpretable models
  • ML-based integrated threat hunting and threat detection workflows that deliver real-time incident resolution
  • Sophisticated, confidence-based automation of level 1 SOC analyst functions with advanced “Kill Chain” functionality
  • An open source platform architecture to stay ahead of dynamic, evolving threats
  • Freedom from vendor lock-in
  • Prioritization of threats with risk-based scoring for users and entities
  • An open data model that streamlines and accelerates analytics development
  • The baselining of users and entities

“Based on market demand, we made a significant investment in Elysium Analytics and see it outperforming our expectations,” said Sreedhar Veeramachineni, CEO System Soft Technologies.

Elysium Cognitive SIEM is available in 4 form factors:

  • Public cloud
  • Private cloud
  • Hybrid cloud
  • On-prem fully-configured appliance from PSSC, incorporating Cloudera Metron, Zoomdata

Learn more about the Elysium cognitive analytics and modern SIEM here, and read our company blog here.  

Please join us for our next webinar, “Countering Polymorphic Threats in Cybersecurity,” on February 26, 2019, at 11am Pacific.

 

About System Soft Technologies

Systems Soft Technologies (SSTech), founded in 1999, is a $125m+ IT services and solutions company, headquartered in Tampa, FL with offices in the US and India. SSTech is the incubator for two major data analytics businesses, Elysium Analytics and Delphian Trading.

Elysium Analytics develops enterprise cybersecurity solutions, including its flagship Cognitive SIEM platform, powered by AI and machine learning. Delphian Trading provides a financial derivatives and currency trade-backtesting platform leveraging predictive analytics to simplify the development of strategies to increase alpha.

References
1) 2018: Report, “Cost of a data breach,” Ponemon Institute.
2) 2018: Norton/Juniper Research.
3) Gartner, Magic Quadrant for Security Awareness Computer-Based Training, 13 November 2018

Learn more about System Soft Technologies, Elysium Analytics and Delphian Trading.

Media contacts

Eric Thacker, System Soft Technologies
eric.thacker@sstech.us
+1 408 499 9161

Simon Marshall, Waters Communications
simon@waterscomms.com
+1 307 439 9000

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