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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY /
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Breaking News -
Security:
Reconnex Combats Internal
Enterprise Security Threats
Reconnex, a newly launched enterprise security company pioneering the
development of high performance security appliances designed to prevent
disclosures of confidential information, made its first public appearance at
the RSA Security Conference. The Silicon Valley company, funded by Norwest
Venture Partners and Outlook Ventures, unveiled a high-performance security
solution designed with the speed, accuracy and scalability required to prevent
accidental, as well as intentional disclosures of confidential information
that occur over corporate networks to ensure that these types of network
communications are no longer a threat to Fortune 500 companies.
"The need to protect the flow of confidential information over the
corporate
network is well known, but the technology available to date has been extremely
limited. Our goal is to deliver a security product that will solve the
business problems that keep CEOs up at night," said Donald Massaro, Reconnex's
president and CEO, and proven entrepreneur with a successful start-up company
track record in the Valley. "Just this month, portions of Microsoft's source
code were leaked putting them in an incredibly vulnerable position. While
access to this source code is a threat, Microsoft is now investigating to find
out how much of the code had been leaked, when the leak occurred and how many
people might have gained access to it. The solutions we're offering help
combat such internal threats that cost businesses billions of dollars each
year. Companies now have the ability to see the confidential information their
employees are viewing, creating and sending outside the corporate network, so
they can stop disclosures before it's too late; and have the legally binding
evidence to prosecute if necessary. CSOs are more effective, and confidential
information and businesses are more protected."
Reconnex gives businesses the ability to see all information traveling over
the network and can detect and provide alerts -- in real-time -- when
confidential and classified information is communicated in violation of a
company policy. Reconnex identifies with accuracy when security disclosures
have occurred, what information has left the corporate network, where the
violation originated and which parties outside the network received the
information in question. For criminal violations, such as acts of cyber
terrorism and industrial espionage -- like source code leaks. Reconnex
ultimately delivers legally binding evidence that tells companies the "who,
what, when and where" and can be used in a court of law.
Web services, utility computing, .NET, CPU harvesting and distributed
computing are just a few of the technologies that fall under the Grid
computing umbrella. Gt04 -- a premiere enterprise Grid computing conference
targeting industrial and commercial users -- will gather experts, and outline
strategies and road maps for Grid deployment. For more information, visit
www.gt04.com.
Grid computing is here!
"There are a number of factors we look for when choosing a company to fund
and
Reconnex truly fit the bill by understanding the new era of security concerns
facing Fortune 500 companies and our nation," said Mathew D. Howard, principal
of Norwest Venture Partners. "Not only did the founders show passion, vision
and experience in enterprise security, but we saw a management team capable of
executing in a marketplace with tremendous opportunity and a technology
capable of making an incredible impact. Solutions focusing on internal
security breaches have thus far been limited in their functionality, usability
and visibility into the network. Reconnex is well positioned to save
corporations and our national economy from the devastating consequences of
industrial espionage and cyber terrorism."
Today, no solution exists which can be deployed throughout an enterprise
with
the scalability, speed and accuracy necessary to see and prevent confidential
company information leaking from inside the network out. While most solutions
focus on the external threats to the corporate network, few solutions are
sophisticated enough to be deployed inside the network and focus on all
dimensions of the internal threat by distinguishing between good employees who
make honest mistakes, and those set on personal gain at the expense of the
company or worse -- using a corporate network in the interest of sabotaging
national security.
For example, the sophisticated nature of their flagship product, the
Reconnex
G2 Content Analyzer, allows it to detect steganography -- the practice of
embedding secret messages inside any digital media, such as digital photos or
audio files. Digital media files with hidden secret messages using
steganography appear normal to the common observer and it is nearly impossible
to suspect that anything unusual is taking place. By providing the first
hardware-based product with enough processing capability to detect
steganographic messages sent over high-speed networks, enterprises have the
ability to stop the most insidious form of industrial espionage and government
agencies have a commercial product capable of uncovering secret methods of
communications used by terrorist organizations.
"Government agencies and vertical industries like financial services,
healthcare, and pharmaceuticals are not only heavily regulated but they have a
business need to protect sensitive and confidential information such as
patient and credit card information," said Phebe Waterfield, analyst of
Security Services & Solutions Group at the Yankee Group. "Technologies like
Reconnex reduce business risks. The industry needs a solution that can be
realistically deployed, easy to use and reliable in protecting confidential
company information. Reconnex's solution looks promising and makes it a
company to watch in 2004."
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