RadarServicesQuarterly-Q3-17 » Radar Cyber Security

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RadarServices’ most successful business year since its foundation

RadarServices is Europe‘s leading technology company in the field of Detection & Response and one of the 100 fastest growing technology companies in the EMEA region (winner of the Deloitte Technology Top 500 Award). Thanks to above-average growth rates continuing also in the 2016/2017 business year, the company was able to report the most successful year since its foundation.

Currently, the experts working at Europe’s largest Cyber Security Centre protect sales volumes in the amount of EUR 290,000,000,000 annually generated by RadarServices customers. The data volume processed using cybersecurity detection technology developed in-house increased from 188 petabytes in 2016 to 617 petabytes in the current year. 74 trillion events (increase as compared to previous year: +200%) and 917 million vulnerability information (increase: +250%) were analysed. The RadarPlatform, the company’s technological core element, is continuously further developed by the company’s Research & Development Team.

In terms of geography, business has been increasing especially in the existing core markets of Germany, Austria, Switzerland and the United Arab Emirates. In particular the United Kingdom, BENELUX, several Southeast European countries and Russia are among the newly developed markets.

The demand for the Solutions and Managed Services we offer is unabated. Further growth can be expected already today for the 2017/2018 business year (beginning on 1 October 2017). This is due to both projects involving new customers and supplements for existing customers, as well as to the expansion of the world-wide sales partner network.

Brief report on the current situation regarding cybersecurity threats

The experts in Europe’s largest Cyber Security Centre keep an eye on what is happening all over the world every day. They see tremendously fast developments on the part of the attackers, but also increased awareness of the need for IT security measures on the part of companies and public authorities:

Apart from the negative consequences, WannaCry and Petya also had positive effects. Many organisations have been increasing their security measures since these incidents. Systems have been checked for up-to-dateness of their software and patched, if necessary, much more frequently. The number of attacks applying the methods used for WannaCry and Petya is still very high. However, due to the current level of awareness in organisations, they are considerably less successful today.

The incident involving the CCleaner software product showed many security officers a new dimension of attackers trying to achieve their goals: by abusing a widely used software product to infect computers with malware without anyone noticing. If they have not already done so, organisations and users should check their systems for instances of this software, and they should also analyse whether the malware was installed on affected hosts.

On the other hand, targeted attacks (Equifax, for instance) show that attackers often try to locate and steal a company‘s “crown jewels”. In case of Equifax, this involved social security data of 143 million inhabitants of the United States. Patent registrations, design drawings, customer data, M&A information, source codes and similar data are of interest to attackers as well. Therefore, many companies and public authorities tend to classify their assets and the level of protection they require, resulting in better protection as a whole – in particular also with regard to the “crown jewels”.

Technology News

The Research & Development Team of RadarServices continues to further develop its cybersecurity detection technology “made in Europe”.

Behaviour-based analyses have become indispensable today and are the only reliable detection method in particular for new threats. Therefore it is important for us to continuously implement further improvements. The important method of anomaly detection can meanwhile be supplemented with any sources that are relevant for detection by coding sequences (sessions) in combination with other tools.

As a result of the behaviour of entities and users, incidents are being generated on an on-going basis. This helps the system learn when and how often incidents occur with entities/users and which additional underlying conditions were met at that particular moment. If a similar situation occurs again, these are alarmed as well or a request for further analysis is sent to the analyst at the Security Operations Centre of RadarServices.

By integrating new statistical models such as distribution functions in inference statistics, even the area of baselining can be continuously improved, even for replacing conventional Poisson or negative binomial models for count data.

Moreover, a comprehensive API interface is offered for embedding the results and alarms from the detection process into various corporate environments. This allows to synchronise data from the system but also into the system, in order to ensure the processing of all incidents on the one hand but also the exchange of important basic data such as asset and network information on the other hand. After all, such data is essential for quick and reliable detection.

Markets & Projects

Focus on public administration in Austria: RadarServices is the only company providing SOC as a Service that is listed with Bundesbeschaffung GmbH (BBG)

The entire portfolio of RadarServices is now also offered via Bundesbeschaffung GmbH (BBG). Our BBG reference number is 3601.02981.

Bundesbeschaffung GmbH (BBG) is the purchase services provider of the public sector. Some 1.4 million products and services are provided by BBG to the public administration via contracts.

The services provided by RadarServices are now available via this portfolio: our Solutions and Managed Services enable public authorities to detect security risks for their IT in good time. Our services are based on a state-of-the-art technology platform developed in Austria that helps our customers establish their own Security Operations Center (SOC) or is made available in combination with security analysis experts, tried-and-tested processes and best practices in the form of “SOC as a Service”.

For further information, please contact us at +43 (1) 929 12 71-777 / e-mail:

New publicly available RadarServices customer reference in Switzerland: Leonteq AG

Leonteq AG is a global leader providing B2B finance technology that offers technology and services for structured investment products and pension solutions. The central element of Leonteq’s portfolio is an innovative IT and securities services platform that is designed to maximise flexibility, transparency and services for platform partners (e.g. banks, insurance companies or groups of companies) as well as sales partners (e.g. asset managers, banks or insurance companies).

RadarServices provides its services to Leonteq AG in the spheres of on-going IT security monitoring and vulnerability management. Link to customer reference.

Eric Maiwald, Managing Vice President of Gartner (worldwide) visiting RadarServices

Eric Maiwald, Managing Vice President of Security & Risk Management, paid a visit to RadarServices to discuss current IT security topics with our experts. Click here to find out what he thinks about things.

RadarServices and FL1 Telecom Liechtenstein are partners of the Swiss Cybersecurity Challenge

Together with our partner FL1 Telecom Liechtenstein, RadarServices is a partner of this year’s Swiss Cybersecurity Challenge, the Swiss team participating in the European Cyber Security Challenge.

The team of the country’s best cybersecurity talents has been selected and will compete in the European Cyber Security Challenge (ECSC) in Málaga in November.

On 18 October 2017, the Swiss finalists will attend the Swiss Cyber Storm Conference in Lucerne. RadarServices and FL1 Telecom Liechtenstein will also be present on that day.

Meet our experts

Our experts are available for individual discussions – among others at events or in the form of webinars on current topics.

Current events

Highlight: it-sa from 10 to 12 October 2017 in Nuremberg – we cordially invite you to visit this event free of charge!

In 2017, RadarServices will be one of the exhibitors at it-sa, the largest trade fair for IT security in the German-speaking countries, for the third time. The trade fair will be held between 10 and 12 October 2017 in the Nuremberg trade fair halls.

We cordially invite you to visit our stand. Register online and get your free trade fair ticket by entering the code “B361676” at https://www.it-sa.de/de/besucher/tickets.

Other events

AUSTRIA

17.10.2017/Vienna: Annual data protection meeting at the ARS training institute with Dr. Christian Polster, CSO & CFO of RadarServices

19.10.2017/Perg & 24.10.2017/Salzburg: A1 Business Events with presentation by RadarServices

25.10. & 22.11. & 13.12.2017: Guided tours through the Cybersecurity World, RadarServices’ Headquarters in Vienna

09.11.2017/Vienna: Professors and students of the Australian Defence Capability Technology Management College will visit the Headquarters of RadarServices

30.10.2017/Vienna: Austria’s largest information event on the EU General Data Protection Regulation with RadarServices as expert for the sphere of IT security

GERMANY

19.10.2017: “Cybersecurity and corporate strategy” presentation at the Bühler Innovations- und Technologie Zentrum near Baden-Baden

SWITZERLAND

18.10.2017: “Cybersecurity and corporate strategy” presentation at the Swiss Cyber Storm Conference in Lucerne

BOSNIA AND HERZEGOVINA

11. to 12.10.2017: Presentation at the UNIS Days 2017 of Unis Telekom

CROATIA

17.10./Zagreb & 19.10.2017/Rijeka: Exhibitor at the Higher Education and Scholarships Fair

Webinars regarding current cyber risks and protective measures

The experts of RadarServices share their knowledge within the context of webinars on focal topics. All autumn events at a glance:

STRATEGY
Detecting and stopping digital industrial espionage
TUE, 7.11., 10 a.m. & THU, 9.11., 10 a.m. Link to registration

COMPLIANCE
Don’t panic! Plan! – An update on the EU General Data Protection Regulation
Germany: TUE, 28.11., 11 a.m. & THU, 30.11., 11 a.m. Link to registration
Austria: WED, 29.11., 1 p.m. & THU, 30.11., 1 p.m. Link to registration

ORGANISATION
SOC as a Service. Decision-making criteria for provider selection
TUE, 5.12., 10 a.m. & THU, 7.12., 10 a.m. Link to registration

Our Team

RadarServices employs internationally leading experts who participate in – and win – competitions on a regular basis. In addition to considering their profession their vocation, they are also interesting persons with interesting backgrounds who are highly committed to their job.

The group of RadarServices Ambassadors comprises seven persons – all of them experts in various divisions of our company. Each Ambassador stands for a corporate value and represents RadarServices internally and externally.

These are our corporate values:

PASSION
We are dedicated to IT security.

TRUST
It’s all a matter of trust.

PROBLEM-SOLVING
We find an effective and efficient solution.

INNOVATION
Be innovative – it’s key to our success.

COLLABORATION & JOY
Play for the team.

RELIABILITY
Reliability is a core enabler.

ESTEEM
Great things happen when you listen.

Our Ambassadors act as contact persons and provide input to their colleagues and the management on a regular basis. They pass on our values to new colleagues. They provide important impulses and set the framework conditions for their own working environment and that of their colleagues. They act as central contact persons for the further development of the powerful RadarServices corporate culture that is decisive for our success.

In the media

RadarServices takes a stand. Our experts comment on current trends and occurrences regarding the subject of IT security and provide hints and tips on how you can protect your IT from current attack waves.

For all press reports, please see our website. Below you find an extract from articles published in leading media:


September 2017

Dr. Christian Polster, CFO & CSO of RadarServices, was invited by the Sat1 evening news to comment as an expert on the subject of cyberattacks during the German parliamentary elections. On Friday evening before the election weekend, he explained the risks of the situation.

“profil”, one of Austria’s leading news magazines with about 398.000 readers, published an interview with Christian Polster, Chief Strategy Officer & CFO of RadarServices, on the subject of “IT risk detection, the supreme discipline of cybersecurity” in a special issue on “Security”.


August 2017

“Danger from the Web – what can we do against cybercrime?” was the heading of an article published in the print edition of Frankfurter Allgemeine Zeitung (FAZ) featuring an interview with Harald Reisinger, Managing Director of RadarServices.

In addition, the German “StartingUp” magazine reported in its print edition about his way of looking at things regarding startups in the field of cybersecurity.

Juli 2017

“Die Presse”, one of Austria’s leading daily newspapers, published an interview in which Harald Reisinger, Managing Director of RadarServices, voiced his opinion on the subject of (US) clouds under the heading “Safe, or so it seems – clouds made in Austria”. The article is available online: http://karrierenews.diepresse.com/home/karrieretrends/5248239/Nur-scheinbar-sicher-Clouds-made-in-Austria

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