SAN DIEGO and SAN MATEO, Calif., Feb. 20, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, and Norse, the leading provider of live threat intelligence-based cybersecurity solutions, announced today that Kratos' SecureInfo business group and Norse will jointly offer services to deliver increased cybersecurity awareness for healthcare providers. Initial efforts will include providing live fraud and security intelligence data and the expertise to help healthcare providers secure electronic Protected Health Information (ePHI). The services will target the healthcare market first and others in the future.
Cyber attacks are on the rise, and healthcare is among the biggest targets due both to the value of the personal information and the accessibility of the data through external networks and web applications. For example, a February 2014 SANS report, citing data from the Norse global threat intelligence platform, which continuously collects and analyzes live high risk Internet traffic, detected signs of compromise from 375 U.S.-based healthcare related networks based on 49,917 observed attacks. The Norse data also revealed that a range of exploited equipment, including conferencing systems, web servers, printers, edge security technologies and medical devices, was sending out malicious traffic from medical organizations.
This high volume of attacks, expanding beyond traditional IT systems, includes threats that are using new sophisticated methods and tactics that render current security solutions much less effective, increasing the need for real-time approaches that enable the rapid detection and mitigation of advanced threats reducing the risk of data breach.
"Healthcare payers, providers and business associates are exposed to countless attacks that go undetected," said Yong-Gon Chon, Sr. Vice President of the Kratos SecureInfo business group. "Through our partnership with Norse, we can supply a standard of care and safety to Healthcare IT that patients expect. Kratos SecureInfo has been working with healthcare organizations around the country to improve patient data privacy and security to ensure compliance with HIPAA and HITECH."
"These widespread breaches are causing a significant loss of revenue and reputation for healthcare organizations," explains Sam Glines, CEO of Norse. "Together with Kratos, Norse will provide live threat intelligence that adapts to the changing threat environment and the expertise to counter the increasingly sophisticated and evolving attacks that are plaguing the healthcare industry."
"Our relationship with Norse is a new key element of our growth strategy," said Phil Carrai, President of Kratos' Technology & Training Division. "Today, Kratos' cybersecurity business, including our Kratos SecureInfo group and our product focused efforts, exceeds $100 million in annual revenue. Kratos solutions protect some of the most sophisticated and mission critical communication networks and infrastructure for National Security applications, commercial enterprises and healthcare organizations."
Find out what attacks are occurring against your organization today by requesting a live threat intelligence report. Learn how Kratos and Norse are combating live cyber attacks by collecting and delivering information to healthcare organizations in near real-time to help protect patient data. Email Healthcare@SecureInfo.com or call 1.888.677.9351 for more information.
About Kratos SecureInfo
Kratos SecureInfo is Kratos' dedicated business group of cybersecurity professionals providing comprehensive cybersecurity solutions to a range of industries, with particular specialties in healthcare, government, energy and other critical infrastructure markets. Kratos SecureInfo addresses all aspects of the information security spectrum – from cloud security and continuous monitoring to risk management and compliance. Kratos SecureInfo is a corporate member of the Healthcare Compliance Association, an accredited FedRAMP Third Party Assessment Organization (3PAO), and an independent Agent of the Certifying Authority (ACA) for the United States Air Force.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology Company providing mission critical products, services and solutions for United States National Security. Kratos' core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos' areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 3,850. The vast majority of Kratos' work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies. News and information are available at www.KratosDefense.com.
About Norse
Norse is the leading innovator in the live threat intelligence security market. With the goal of transforming the traditionally reactive IT security industry, Norse offers proactive, intelligence-based security solutions that enable organizations to identify and defend against the advanced cyber threats of today and tomorrow. Norse's synchronous, global platform is a patent-pending infrastructure-based technology that continuously collects and analyzes real-time, high-risk Internet traffic to identify the sources of cyber attacks and fraud. Norse is the only provider of live, actionable, cyber threat intelligence that enables organizations to prevent financial fraud and proactively defend against today's most advanced cyber threats including zero day and advanced persistent threats. Norse has offices in Silicon Valley, St. Louis, and Atlanta. Visit us online at norse-corp.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty, including risks related to product failure, general economic conditions and cutbacks in spending. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 30, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
