Industry Awards Program Recognizes SpyCloud for Ransomware Protection, Insider Threat & Fraud Prevention
Austin, TX – March 15, 2023 – SpyCloud, the leader in operationalizing Cybercrime Analytics™, today announced that it has been recognized as a Gold winner in three categories, “Ransomware Protection”, “Insider Threat Solution,” and “Fraud Prevention” in the 8th annual Cybersecurity Excellence Awards program conducted by Cybersecurity Insiders. In 2021, SpyCloud was awarded Gold for “Identity and Access Management” and “Threat Detection, Intelligence and Response” and Silver in “Ransomware Protection.”
SpyCloud specializes in defending against the most complex forms of cybercrime originating from the use of stolen data from third party breaches and infostealer malware infections. Their suite of solutions provide enterprises insight and actionable data to protect themselves from cyber threats such as account takeover, ransomware and online fraud.
These combined recognitions showcase how SpyCloud’s expertise continues to evolve with its focus on Cybercrime Analytics based on richly correlated darknet data, providing deeper levels of context about user risk that are unavailable to fraud and cyber teams elsewhere. SpyCloud uniquely links user exposures from data breaches and malware infections across billions of recaptured data assets from the criminal underground and enables organizations to remediate vulnerable accounts, protect the business from unwitting insider threats, introduce better calibrated anti-fraud measures, and mitigate the threat of ransomware as a follow-on attack leveraging stolen credentials and cookies.
This year, SpyCloud introduced a new solution, Compass, that helps enterprises navigate ransomware prevention through Post-Infection Remediation – a framework of additional steps to existing incident response protocols that’s more identity-centric than simply device-centric. The extra steps are designed to negate opportunities for ransomware and other critical threats by resetting the application credentials and invalidating session cookies siphoned by infostealer malware. This optimized remediation enables the SOC to seamlessly and comprehensively neutralize the risk of ransomware from these exposures. This solution gives security teams the upper-hand against cybercriminals by having better visibility across a growing attack surface that includes infected unmanaged and undermanaged devices accessing the network.
“Thank you to Cybersecurity Excellence for recognizing our mission to disrupt the cybercriminal economy and make the internet a safer place for individuals and businesses,” said Damon Fleury, Chief Product Officer of SpyCloud.
“As we are a mere months away from kicking off our 7th year working with enterprises to protect their business, employees and consumers from ATO, online fraud, and ransomware, we will continue to find innovative ways to use our proprietary Cybercrime Analytics engine to mitigate ever-evolving cyber threats.”
– Damon Fleury, Chief Product Officer of SpyCloud
“We congratulate SpyCloud for the recognition as an award winner in the Ransomware Protection, Insider Threat Solution and Fraud Prevention categories of the 2023 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 8th annual Cybersecurity Excellence Awards. “With over 800 entries in more than 300 award categories, the 2023 Cybersecurity Excellence Awards program is highly competitive. All winners reflect the very best in innovation and excellence in defending against today’s evolving cybersecurity threats.”
SpyCloud transforms recaptured darknet data to protect businesses from cyberattacks. Its products operationalize Cybercrime Analytics (C2A) to produce actionable insights that allow enterprises to proactively prevent ransomware and account takeover, protect their business from consumer fraud losses, and investigate cybercrime incidents. Its unique data from breaches, malware-infected devices, and other underground sources also powers many popular dark web monitoring and identity theft protection offerings. SpyCloud customers include half of the ten largest global enterprises, mid-size companies, and government agencies around the world. Headquartered in Austin, TX, SpyCloud is home to nearly 200 cybersecurity experts whose mission is to make the internet a safer place.
To learn more and see insights on your company’s exposed data, visit spycloud.com.