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Press Release -- November 14th, 2017
Source: nok
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Next-generation Nokia security software taps automation and analytics to help service providers combat growing ransomware threat

Nokia NetGuard Security Management Center enables service providers to address the 70 percent of security alerts that go uninvestigated each year
Advanced automation and analytics transform security management into an automated, dynamic and predictive process; allows service providers to mitigate threats before breaches occur
Latest Nokia Threat Intelligence Report reveals dramatic rise in 2017 ransomware infections, underscoring need for robust, end-to-end network security management

13 November 2017

Espoo, Finland - Nokia today announced its next-generation NetGuard Security Management Center software, designed to bolster service providers' ability to proactively detect, predict and combat the growing threat from ransomware and other types of malware.

The volume, velocity and variety of security data today is overwhelming security teams. Companies typically receive hundreds of thousands of security alerts per year, up to 70 percent of which are never investigated1. In addition, the proliferation of point security solutions in customers' networks is extremely complex and difficult to manage - a challenge expected to get considerably worse with the broad deployment of new Internet of Things (IoT) devices.

The Nokia NetGuard Security Management Center is a single cohesive, end-to-end management solution for security orchestration, analytics and response. It enables service providers to monitor, configure and control all the multi-vendor security systems deployed across their networks.

The latest version integrates the power of analytics and automation to transform security management and operations from a manual and reactive process to a dynamic, predictive and automated one, and lays the foundation for the addition of advanced machine learning and artificial intelligence capabilities in future releases.

Featuring a new dashboard and an automated security workflow engine, the latest Nokia NetGuard Security Management Center allows service providers to investigate 100 percent of alerts at 50 percent lower costs, eliminate up to 70 percent of false-alerts, reduce alert investigation times by more than 50 percent, and mitigate threats before breaches occur and cause widespread damage2.

Ron Haberman, head of Emerging Products in Nokia's Applications & Analytics business group, said: "More sophisticated attacks, growing network complexity and the proliferation of IoT and other devices make it nearly impossible for security teams to monitor, react to and resolve today's threats quickly and effectively. Nokia's extensive heritage and expertise in network communications technologies and network-based security uniquely positions us to address these unprecedented security challenges. Our Security Management Center helps service providers streamline business processes, reduce costs and proactively address security threats before they impact end users or businesses."

Ransomware Spike Signals Need for Better Security Management
Findings of the new Nokia Threat Intelligence Report released today revealed the need for the industry to deploy more effective security management measures, such as the Nokia NetGuard Security Management Center, to combat increasingly sophisticated ransomware and other forms of malware.

According to the report developed by the Nokia Threat Intelligence Lab, Wannacry was responsible for one of the largest ransomware attacks of all time earlier this year, infecting over 230,000 computers in 150 countries. While security patches were available prior to the attack, they were not deployed in many cases, underscoring the need for a new class of management solutions to ensure all vulnerable network devices are securely configured and patched proactively.

Other key findings of the 2017 Nokia Threat Intelligence Report include:

Smartphone infections at 72 percent - Smartphone infections accounted for 72 percent of all mobile network infections. The rest were due to Internet of Things (IoT) devices and Windows-based PCs.
Android OS the prime target - Android malware samples grew 53 percent in 2017, and Android devices accounted for 69 percent of all infections (vs. 74 percent in 2016), primarily due to the proliferation of insecure third-party application stores (96 percent of app. market).
Increase in Windows/PC infections - Infections of Window/PC systems increased in 2017: 28 percent compared to 22 percent in 2016. Infections on other platforms, including iOS devices remained steady at approximately 4 percent.
Misbehaving applications - Misbehaving applications (due to software updates and other ecosystem changes) caused significant performance issues - in some cases resembling a DDoS attack.
More aggressive adware - Increasingly aggressive adware samples from third-party applications became more difficult to uninstall, displayed ads when the host application was not in use, and compromised personal information such as phone numbers, e-mail addresses and contact lists.
About Nokia Security Management Center
The Nokia Security Management Center consolidates data and extracts actionable insights from a variety of intelligence sources, including the Nokia NetGuard Endpoint Security anti-malware software and the Nokia Threat Intelligence Lab, which aggregates data from mobile and fixed networks worldwide. It works in tandem with third-party security systems to monitor network security status, as well as manage vulnerabilities, security policies and network access.

The latest version of the Nokia Security Management Center, which was developed using Nokia's state-of-the-art Common Software Foundation and cloud-native design principles, is expected to be available in Q1 2018.

About the Nokia Threat Intelligence Lab
The Nokia Threat Intelligence Lab focuses on the behavior of malware in network communications to develop detection rules that identify infections based on command and control communication and other network behavior. This approach enables the detection of malware in the service provider's network, and the detection rules developed form the foundation of Nokia's NetGuard product suite.

Resources:

Website: NetGuard Security Management Center
Nokia 2017 Threat Intelligence Report
Website: Nokia Threat Intelligence Center
Website: Nokia NetGuard Endpoint and IoT Security
Webinar: Security Automation Can Help Combat Advanced Threats
Infographic

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About Nokia
We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.

From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in digital health, we are shaping the future of technology to transform the human experience. www.nokia.com

1 Derived from multiple sources, including:
Ponemon Institute (https://www.ponemon.org/local/upload/file/Damballa%20Malware%20Containment%20FINAL%203.pdf ),
Cisco (https://www.cdwg.com/content/dam/CDW/resources/brands/Cisco/2017-Annual-Cybersecurity-Report.pdf ), and
ESG Research (http://www.esg-global.com/blog/dealing-with-overwhelming-volume-of-security-alerts ).
2 Based on Nokia internal tests in 2016/2017.

Media Enquiries
George Millington
Nokia Applications & Analytics Communications
+1 925-683-5471
george.millington@nokia.com

Nokia Communications
+358 10 448 4900
press.services@nokia.com

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