Sun. Oct 2nd, 2022
    en flag
    nl flag
    et flag
    fi flag
    fr flag
    de flag
    he flag
    ja flag
    lv flag
    pl flag
    pt flag
    es flag
    uk flag

    Content Assessment: A New Category of Digital Forensics? Enterprise Forensics from Binalyze

    Information - 90%
    Insight - 91%
    Relevance - 88%
    Objectivity - 87%
    Authority - 90%

    89%

    Excellent

    A short percentage-based assessment of the qualitative benefit of the post highlighting Bianalyze and its Enterprise Forensics solutions.

    Editor’s Note: From time to time, ComplexDiscovery highlights publicly available or privately purchasable announcements, content updates, and research from cyber, data, and legal discovery providers, research organizations, and ComplexDiscovery community members. While ComplexDiscovery regularly highlights this information, it does not assume any responsibility for content assertions.

    To submit recommendations for consideration and inclusion in ComplexDiscovery’s cyber, data, and legal discovery-centric service, product, or research announcements, contact us today.


    Background Note: In February 2022, Binalyze, an Enterprise Forensics platform that enables enterprises to respond faster and more effectively to cyber threats, announced it had raised $10 million in its Seed funding round. According to that announcement, the investment is being used to enable further innovation to define the standard for next-generation Enterprise Forensics solutions. The investment will also be used to support the extension of Binalyze’s cloud-native capabilities to enhance coverage in cloud and container environments, enabling it to continue to be the fastest and most complete Enterprise Forensics Platform on the market. One example of Binalyze’s innovation is its Enterprise Forensics Suite. Information on this suite may be beneficial for cybersecurity, information governance, and legal discovery professionals desiring insight into enterprise forensics.

    Funding Announcement Extract

    Binalyze Secures $10 Million in Seed Funding to Develop its Real-Time Enterprise Forensics Platform

    Binalyze enables enterprises to respond to cyber breaches in real-time which dramatically speeds up investigations and remediation; this funding will expand the platform’s capabilities

    Estonia – Binalyze, the Enterprise Forensics platform which enables enterprises to respond faster and more effectively to cyber threats, today [February 4, 2022] announced it has raised $10 million in its Seed funding round. The investment will enable further innovation to define the standard for next-generation Enterprise Forensic solutions. It will support the extension of Binalyze’s cloud-native capabilities to enhance coverage in cloud and container environments and enable it to continue to be the fastest and most complete Enterprise Forensics Platform on the market. 

    The investment will also accelerate Binalyze’s expansion in the US, Europe, and other key global markets enabling enterprises, MSP, and Incident Response partners to mount a forensic response to cybersecurity attacks in near-real-time. This minimizes damage and cost to the business. The investment, which brings total funding to date to $11.7 million, was led by European venture capital firm OpenOcean, with participation from Earlybird Digital East which led Binalyze’s pre-seed round last year.

    Binalyze has grown quickly, with annual recurring revenue multiplying 20 times in the past year alone. It already has an impressive customer roster that includes international brands and Fortune 500 companies including global banks, auditing companies, airlines, and telcos. The platform delivers real-time forensic visibility to the core security stack, redefining how enterprises can use forensics in real-world scenarios and helping them to minimize the extent of the breach and accelerate root cause analysis to ensure it cannot happen again. 

    Cybercrime is of growing concern for enterprises. One report estimates over half of large companies now deal with at least 1,000 cybersecurity alerts every day. There is a growing acceptance that 100% breach prevention is no longer a realistic expectation for most businesses. This is marked by a strategic shift in cybersecurity spending – according to Gartner, detection & response now accounts for 60 percent of enterprise information security budgets, up from 20 per cent in 2015.

    Traditional digital forensic tools are slow and require technical knowledge that is in short supply. This is why it often takes weeks or even months for an enterprise to understand the extent of a cyber breach. A report from IBM found it took companies 206 days to identify a breach after it occurred and another 73 days to contain the breach.

    Emre Tinaztepe, CEO and founder of Binalyze said: “100% breach prevention is no longer a realistic expectation. Forensic visibility is an integral part of an investigation. Enterprises need to be prepared with the right tools to mount an effective and quick response once a suspected breach is detected.

    “Speed is of the essence. Cybercriminals work quickly once they gain access to a corporate network. Binalyze is designed to be fast, capturing the most comprehensive forensic snapshot and creating a detailed digital forensics report in less than 10 minutes. It dramatically speeds up all stages of incident response, from identification to remediation.”


    Ekaterina Almasque, General Partner of OpenOcean said: “Binalyze is a category defining Enterprise Forensics automation solution, enabling enterprises to finally be able to deal with cybersecurity attacks effectively.

    “In today’s world, companies are facing a vast number of cybersecurity alerts, and response times are painfully slow with consequences for the business. It took 1.5 years to detect that SolarWinds attack was happening. Binalyze’s world-class team, with its highly differentiated product to detect the root cause in minutes rather than days/months – and sometimes years – is best positioned to help a fast-growing number of customers.”


    “Traditional digital forensics solutions are lacking the much-needed automation and cloud capabilities. Binalyze solves the industry’s pain points by increasing the agility of security teams in responding to cyber incidents with greater speed and accuracy” stated Mehmet Atici, Partner at Earlybird Digital East. “We are confident that Binalyze is on its way to becoming a leader in Enterprise Forensics, and we are very excited to continue supporting them in this journey since pre-seed.”

    Read the complete announcement.


    Forensics Guide*

    Delivering Cyber Resilience with Enterprise Forensics

    AIR Enterprise Forensics Suite

    Enterprise Forensics is a new category of digital forensics that is fast, remote, and scalable across the corporate network and is pushing forensic readiness toward the center of the security stack.

    Binalyze is the leader and innovator in Enterprise Forensics solutions.


    Complete Brochure: Bialyze AIR Enterprise Forensics Guide (PDF) – Mouseover to Scroll

    Binalyze Enterprise Forensics Suite Brochure

    Download the original enterprise forensics brochure.


    About Binalyze

    Binalyze is the world’s fastest and most comprehensive Enterprise Forensics solution. Its software remotely, securely, and automatically collects more than 150 digital forensics artifacts in under 10 minutes.

    With evidence collected, its Timeline, Triage, and DRONE features help customers to collaborate and complete incident response investigations quickly, reducing the dwell time dramatically. Binalyze saves its customers time, reduces cybersecurity operational costs, and helps customers prevent the financial and reputational losses associated with cyber-attacks.

    For more information about Binalyze, visit www.binalyze.com 


    * Shared with permission.

    Additional Reading

    Source: ComplexDiscovery

     

    Have a Request?

    If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

    ComplexDiscovery is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Data Corpus Minimization? IDC Recognizes DISCO as Early Case Assessment Software Leader

    “As innovation continues to impact and disrupt the legal world, we’ve...

    Building a Cybersecurity Workforce? The European Cybersecurity Skills Framework

    According to ENISA's Executive Director, Juhan Lepassaar, "The future security of...

    Leaning Forward? The CISA 2023-2025 Strategic Plan

    The purpose of the CISA Strategic Plan is to communicate the...

    Continuous Risk Improvement? Q3 Cyber Round-Up From Cowbell Cyber

    According to Manu Singh, director of risk engineering at Cowbell, "Every...

    eDiscovery Mergers, Acquisitions, and Investments in Q3 2022

    From HaystackID and Relativity to Exterro and TCDI, the following findings,...

    Allegations and Denials? Nuix Notes ASIC Enforcement Proceedings

    The recent investor news update from Nuix on 29 September 2022,...

    Revealing Response? Nuix Responds to ASX Request for Information

    The following investor news update from Nuix shares a written response...

    Revealing Reports? Nuix Notes Press Speculation

    According to a September 9, 2022 market release from Nuix, the...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    A 2021 Look at eDiscovery Collection: Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for September 2022

    From privacy legislation and special masters to acquisitions and investigations, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for August 2022

    From AI and Big Data challenges to intriguing financial and investment...

    Five Great Reads on Cyber, Data, and Legal Discovery for July 2022

    From lurking business undercurrents to captivating deepfake developments, the July 2022...

    Five Great Reads on Cyber, Data, and Legal Discovery for June 2022

    From eDiscovery ecosystem players and pricing to data breach investigations and...

    Bubble Trouble? eDiscovery Operational Metrics in the Fall of 2022

    In the fall of 2022, 89 eDiscovery Business Confidence Survey participants...

    Cooler Temperatures? Fall 2022 eDiscovery Business Confidence Survey Results

    Since January 2016, 2,874 individual responses to twenty-eight quarterly eDiscovery Business...

    Inflection or Deflection? An Aggregate Overview of Eight Semi-Annual eDiscovery Pricing Surveys

    Initiated in the winter of 2019 and conducted eight times with...

    Changing Currents? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2022

    In the summer of 2022, 54.8% of survey respondents felt that...

    A Significant Operational Defeat? Ukraine Conflict Assessments in Maps (September 27 – October 1, 2022)

    According to a recent update from the Institute for the Study...

    Perception and Reality? Ukraine Conflict Assessments in Maps (September 22 – 26, 2022)

    According to a recent update from the Institute for the Study...

    Nuclear Options? Ukraine Conflict Assessments in Maps (September 17 – 21, 2022)

    According to a recent update from the Institute for the Study...

    Mass Graves and Torture Chambers? Ukraine Conflict Assessments in Maps (September 12 – 16, 2022)

    According to a recent update from the Institute for the Study...