Customer Challenges

Organizations today are facing an unprecedented wave of targeted cyber-attacks and unknown zero-day threats that by nature are smart enough to exploit the organization’s unique vulnerabilities. Existing rule/signature-based solutions and perimeter defenses are no longer sufficient to deal with these sophisticated and customer-tailored APT attacks that have already penetrated critical infrastructure and financial networks. A failure to protect these CI networks is unacceptable and could result in extensive financial, operational and life threatening implications.

 

Furthermore, at the dawn of the Industrial Internet era, critical infrastructure and SCADA networks are becoming increasingly connected and exposed, calling for a new security paradigm. The explosion of connectivity and access, driven by theneed to boost operations and cut costs, has exposed criticalinfrastructure operational networks to a new generation of unknown targeted cyber-attacks and operational threats, using an almost infinite number of data sources, protocols and systems.

 

Offering

ThetaRay’s offering is provided in a technology-platform-solutions based offering. ThetaRay’s core IP and value – its analytics capability, is wrapped and integrated into a shared core infrastructure (the platform) enabling organizations to easily use the company’s unique technology in solutions adapted to their needs.

 

Built upon ThetaRay’s Critical Threat Protection™ platform, the company’s solutions offer end-to-end threat detection while easily integrating with existing customer systems (including customer data sources, storage servers, and investigation and management systems). Key functionality ranges from data processing and storage, automatic anomaly detection, alert generation/distribution and event investigation, to automated reporting and management.

 

The non-intrusive solutions are available as a virtual appliance (software running on standard/virtualized servers), physical appliance, or cloud-based, supporting flexible deployment scenarios including on-premise, distributed and centralized/private cloud.

 

TheteRay provides solutions for two main verticals – Industrial and Financial.

 

Industrial Solutions:

• Cyber - Detect unknown malware, hidden APTs,and advanced Stuxnet-like targetedcyber-attacks that have alreadypenetrated critical networks.

• Operational - An early warning system and predictiveanalytics to detect the first signs ofadverse operational events, such asequipment malfunction or imminentnetwork outages.

 

Financial solutions

• Cyber

• Insider Threats

• Commercial Banking Fraud

• Anti-Money Laundering (AML)

 

Unique Differentiators

• Specifically designed to detect unknown threats

• Rule-free - math-based, anomaly detection algorithms, not using any signatures, patterns or heuristics.

• 100% context-free detection - ThetaRay’s algorithms do not use any contextual insights; rather, they are purely context-free automatically suitable for multiple domains and customer types

• Hyper-dimensional “thousands of parameters” real-time detection - ThetaRay’s unmatched computational efficiency and proprietary algorithms enable it to analyze thousands of different parameters in real-time

• Multi-domain detection - the only solution that can detect unknown threats using multiple data sources together. For example detecting Stuxnet-like cyber attacks by combining OT&IT data

• Very low false positive rates

• Detecting the earliest signs of anomalous events – real-time threat detection

• Laser-focused forensic information - Auto-generated, laser-focused forensic information (exact measurement and parameters triggering thealert, similar events)

• Fully automated detection - completely automatic , does not require any manualintervention, threshold/rule settings or big data expertise

 

Business Benefits for Clients

• Protect against Unknown Threats (cyber, operational, fraud)

• Protect Against Sophisticated OT & IT cyber based Attacks

• Automatically Detect Threats Before AnyDamage Can Occur that can affect revenues, brand, productivity and performance

• Protecting organizations against external and internal threats

• Rapid Threat Mitigation

• Single system to protect multiple different customer industrial environments and sites

• Future-proof Protection

• Ease of deployment and usage – no change to existing customer systems, networks or policies

 

References, Strategic Partners, Current Presence outside Israel

ThetaRay is a young startup that is based on nearly a decade of field proven research in leading universities. The company has already generated a massive interest in the industrial and security industry winning multiple awards (Red Herring 100, info security, SmartGrid product of the year, TieCon50 and Network world hot companies to name a few).

General Electric is one the company investors (on all rounds) and is also a partner/channel. Additional financial customers or partners include the largest bank in Israel (that also invested in the company) and Citi Bank.

 

2010 - present