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New Nokia security software helps combat growing ransomware threat

New Nokia security software helps combat growing ransomware threat

Nokia has 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% of which are never investigated. 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% of alerts at 50% lower costs, eliminate up to 70% of false-alerts, reduce alert investigation times by more than 50% and mitigate threats before breaches occur and cause widespread damage.

Ron Haberman, Head of Emerging Products in Nokia’s Applications and 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 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% – Smartphone infections accounted for 72% 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% in 2017, and Android devices accounted for 69% of all infections (vs 74% in 2016), primarily due to the proliferation of insecure third party application stores (96% of app market).
• Increase in Windows/PC infections – Infections of Window/PC systems increased in 2017: 28% compared to 22% in 2016. Infections on other platforms, including iOS devices remained steady at approximately 4%.
• 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, email addresses and contact lists.

The report infographic can be found here.