Intelligent CISO Issue 05 | Page 13

Fortinet signs cyberthreat information sharing agreement with IBM
EXABEAM RAISES US $ 50 MILLION IN SERIES D FUNDING xabeam , a next-gen security information and event
E management company , has announced it has closed
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Fortinet signs cyberthreat information sharing agreement with IBM

ortinet , a global leader in broad , automated and

F integrated cybersecurity solutions , has announced that Fortinet and IBM Security will collaborate through the bi-directional sharing of cyberthreat information .

The goal of the agreement is to proactively combat cyberthreats and threats to privacy globally through the sharing of contextual threat information generated by the Fortinet FortiGuard Labs threat research team and IBM Security ’ s X-Force research team .
IBM Security and Fortinet will directly collaborate through bi-directional sharing of threat intelligence using secure channels . Joint threat information sharing will deliver deep security research expertise and global threat intelligence for increased protection for the customers of each company . IBM Security and Fortinet global threat research teams monitor and analyse security threats from a variety of sources , providing valuable and near real-time threat intelligence . By integrating the threat intelligence feeds from each company , customers will now benefit from more thorough data being available .
Caleb Barlow , Vice President Threat Intelligence , IBM Security , said : “ By entering relationships with trusted partners like Fortinet , IBM is able to construct a clearer picture of the global threat landscape .”

EXABEAM RAISES US $ 50 MILLION IN SERIES D FUNDING xabeam , a next-gen security information and event

E management company , has announced it has closed

US $ 50 million in series D funding . The round , backed entirely by existing investors , was led by Lightspeed Venture Partners and supported by Aspect Ventures , Cisco Investments , Icon Ventures , Norwest Venture Partners and cybersecurity investor Shlomo Kramer . The funds will be used to grow the company ’ s cloud portfolio , as well as sales and channels to expedite global expansion .
Built on open source , Big Data technology , including Elasticsearch and Hadoop , Exabeam provides unlimited secure data collection , indexing and search but without volume-based pricing .
Advanced Machine Learning capabilities provide rapid insights into all events , including attacks and vulnerabilities so subtle and precise that humans simply cannot see them . u
The complexities in securing modern digital businesses , along with the increase in sophistication of malicious threats and cybercrime , are fuelling growth in the security information and event management ( SIEM ) market , which is expected to hit US $ 4.54 billion in 2019 . Historically dominated by a handful of providers , in recent years , the market has shifted to platforms that can support the massive data volumes generated by cloud applications and mobile device use .
Exabeam is carving out a growing piece of the market , with 250 % market growth in 2017 , coming off 300 % growth in 2016 . The company is on track to more than double its market size in 2018 .
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