Caspida Big Data Anaytics to Help Splunk Solidify Position in Security Market
Splunk announced that it is acquiring Caspida to augment its position in real-time Operational Intelligence with advanced machine learning and behavioral analytics capabilities that Caspida offers. Splunk has grown rapidly to become a leading software and cloud services provider for search, monitoring, analyzing and visualizing machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. This acquisition brings advanced analytical capabilities to Splunk’s customers and further extends its SIEM solution.
With a cash and stock aggregate purchase price of approximately $190 million, Splunk can now add Caspida and unify advanced breach response with breach detection to create a stronger position in the cyber security market. Per Splunk, recent high-profile breaches show virtually all attacks happen with compromised credentials, and automated detection leveraging machine learning is the future for detecting known and unknown threats from insider and external attackers. The Splunk-Caspida offering will help customers with out-of-the-box user behavioral analytics to help detect, respond to and mitigate these threats.
“Splunk built its reputation in security by enabling customers to more effectively respond to breaches. With this acquisition, our customers can now also better detect advanced threats – the breaches that are becoming more complex and severe with each passing day,” said Haiyan Song, senior vice president of security markets, Splunk. “With Caspida, Splunk accelerates its focus on solving advanced threats – both external and from insiders – by shining a light on those who are wrongfully using valid credentials to freely and unpredictably exploit systems they have accessed. By addressing the entire lifecycle of known and unknown advanced threats, and by providing a platform to detect, respond to, and automate actions, Splunk has further reinforced its position as the security nerve center.”
The acquisition price is not hefty and it helps Splunk dive deeper into the big data and Internet of Things (IoT) space as Caspida has innovated the use of data science and machine-learning algorithms to detect advanced threats and malicious insiders. Existing security approaches are not suitable for identifying and detecting breaches. Attackers are dynamic and are using real time techniques to invade networks and require real-time and behavioral analytics to stop them. Caspida promises to add such capabilities to Splunk.
“We founded Caspida with a vision of applying data science to help solve the most pressing cybersecurity challenges – advanced threats and insider threats,” said Muddu Sudhakar, CEO, Caspida. “By analyzing machine data and using data science to detect meaningful anomalous behavior of users, devices and entities, Caspida has solved a problem that previously required significant manpower and expensive, do-it-yourself toolsets. We are very excited to join the Splunk family and deliver new detection capabilities to customers.”
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