Israeli-based cyber security provider, Deep Instinct, has launched in the Australian market as part of its global expansion strategy in the Asia Pacific (APAC) region.
The vendor claims to be the first company to apply deep learning to cyber security using a proprietary neural network.
Through its predictive capabilities, Deep Instinct’s on-device solution is designed to protect against advanced and zero-day threats. It is also designed to protect against evasive unknown malware in real-time, across the user's endpoints, servers, and mobile devices.
Former Sophos APAC managing director, Stuart Fisher, will be leading Deep Instinct’s regional presence as the vendor’s senior vice president.
Justin Peters has also been appointed as the Asia Pacific and Japan (APJ) senior director of sales engineering and professional services.
Deep Instinct is now recruiting Australian partners to support demand in the market for its artificial intelligence (AI) expertise and capabilities, focusing on the financial services, manufacturing and education sectors.
“Cyber security threats remain one of the biggest challenges for the enterprise. They’re becoming more frequent and intelligent, and organisations are engaged in an arms race to protect themselves,” Fisher said.
“Every enterprise has a responsibility to protect data so it’s become an operational imperative that CISOs (chief information security officers) today deploy the most advanced, predictive AI algorithms for autonomous cyber protection.
"While new data regulations won’t solve the CISO’s challenge, they will make organisations more accountable and encourage the evaluation of superior AI solutions that are far more predictive, with a greater level of autonomous operation and minimal human intervention," he said.
The vendor said its neural network has stopped threats such as Spora, WannaCry, NotPetya and Badrabbit. The cyber security product operates in parallel with the user's legacy systems, augmenting existing infrastructure and investments without the need to ‘rip out and replace.’
A recent, State of the Channel Ransomware Report, suggested that more than $301 million was handed over to hackers in the past year.
The research also revealed that the Australian and New Zealand region in particular scored highest when it came to ransomware attacks -- but not in a good way -- paying the highest amount and suffering multiple attacks per day, when compared to other regions.
Another report from Telstra and Frost and Sullivan, also indicated the rate of cybercrime in Australia had doubled in the past 12 months, with more companies detecting security incidents within their ranks.
At the time, Telstra security solutions director, Neil Campbell, said with the number and variety of connected devices and applications continuing to proliferate, and IoT and virtual cloud environments emerging, the surface area for cyber security threats had been growing rapidly.