ATLANTA, Feb. 4, 2003 (PRIMEZONE) -- GuardedNet Inc., a provider of enterprise Security Event Management (SEM) software, today announced that Silicon Valley Bank (Nasdaq:SIVB), one of the nation's premier financial services companies, has chosen GuardedNet's neuSECURE(tm) software to enable enhanced threat management on its networks. As a leader for nearly two decades in providing innovative banking products and services to technology and life sciences companies, Silicon Valley Bank views the security of its customers' accounts as critically important.
"While today's economic decline has impacted most companies negatively, Silicon Valley Bank has remained focused on strategic corporate goals, the most important of which is maintaining the complete trust of our customers," said Chris Kirschke, senior security analyst of Silicon Valley Bank's Infosecurity team. "In today's e-business environment, that means fervent attention to upholding an up-to-date information security posture. Solutions such as neuSECURE enable us to leapfrog forward in the area of real-time threat management and security operations."
neuSECURE aggregates, correlates and analyzes the log data from multiple security devices in Silicon Valley Bank's infrastructure, including firewalls and network- and host-based intrusion detection systems. "We evaluated SEM software vendors and found neuSECURE to be a complete, stable, and tightly integrated solution," commented Kirschke. "Its convenient, real-time drill-down capabilities, investigation tools and trouble ticketing system enable productive, timely response to attacks."
"The banking industry has always been forward thinking and ahead of the curve when it comes to information security. Silicon Valley Bank is a progressive, visionary institution that takes protection of their clients' information very seriously," said Tom McNeight, CEO of GuardedNet. "We are proud to be able to earn Silicon Valley's business by delivering the industry's most intuitive, real-time event management solution to leverage the capabilities of the bank's security team for the highest levels of protection and operational efficiency."
neuSECURE provides a centralized monitoring platform for data logging, event correlation, threat analysis, threat response and forensic investigation of the enormous quantities of security event data. This data increases each year, imposing higher workloads on corporate information security staff. neuSECURE brings together event data from disparate machines such as firewalls, intrusion detection systems, computer systems and routers, and automatically analyzes this data to uncover legitimate threats to the enterprise. neuSECURE software lets security analyst teams prioritize their investigations to respond to the real, and most imminent threats first. With neuSECURE, corporate network security staff can manage each threat from early detection to final resolution without ever leaving the intuitive, web-based console.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and mature companies in the technology and life sciences markets, as well as other targeted industries. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the Bank serves more than 9,500 clients across the country through 27 regional offices. More information on the Bank can be found at www.svb.com.
About GuardedNet
GuardedNet Inc. delivers advanced security event management (SEM) software solutions. Its leading software solution, neuSECURE, centrally monitors, correlates and performs threat analysis in multi-vendor enterprise security environments. Its ability to correlate and analyze log data files from disparate machines in real-time enables security administrators to overcome log data overload and detect and respond to security breaches as they are occurring, rather than after the damage is done. neuSECURE has improved the security and the operational efficiency of numerous security operations centers (SOCs), including those at leading financial, transportation and data communications institutions. GuardedNet is a private company, headquartered in Atlanta, Georgia. For more information about GuardedNet, please visit www.guarded.net or contact us at sales@guarded.net or (404) 591.8225.
GuardedNet, the GuardedNet logo, neuSECURE, and the neuSECURE logo are trademarks or registered trademarks of GuardedNet, Inc.
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