Infinity SOC uses industry-first AI-based incident analysis powered by market-leading threat intelligence to cut through false positive alerts and automatically pinpoint critical incidents, with single-click remediation
Check Point Software Technologies Ltd, a leading provider of cybersecurity solutions globally, has announced the launch of Infinity SOC, which unifies threat prevention, detection, investigation and remediation in a single platform to give unrivalled security and operational efficiency.
It uses AI-based incident analysis to filter millions of irrelevant logs and alerts, helping enterprise security teams to expose and shut down cyber-attacks with best-in-class speed and precision.
Security Operations Centre (SOC) teams at a majority of organizations struggle to identify and mitigate malicious activity on their complex network estates, because they use multiple point products that generate millions of event logs and alerts daily.
In a SOC survey:
- 68% of respondents stated that up to half of the events they analyse are false positives. As a result, critical attacks are often undetected until it is too late.
- 98% of IT security professionals reported SOC-related challenges, with the leading operational challenges being the manual work involved in analyzing and remediating incidents (cited by 52%), accurately identifying the most critical events (52%), and an overload of logs and alerts (51%).
Check Point’s Infinity SOC solves these challenges and helps enterprises protect their networks by delivering:
- Unrivalled accuracy to quickly shut down real attacks: it automatically exposes even the stealthiest attacks from millions of daily logs and alerts with unrivalled accuracy, powered by industry-first AI incident analysis.
Infinity SOC automatically triages alerts to enable quicker respond to the critical attacks and offers single click remediation with a lightweight client on the infected host.
It also prevents hackers from launching phishing campaigns against users by taking down lookalike corporate web and email domains.
- Rapid incident investigations: Infinity SOC is powered by ThreatCloud, the world’s largest collaborative network to fight cybercrime, enabling teams to quickly search for in-depth live intelligence on any indicator of compromise, including global spread, attack timelines and patterns, malware DNA and more.
This also includes deep-link searches on social media and OSINT to deepen investigations – unlike other solutions, which use offline threat databases.
Suspicious files are quickly checked using SandBlast threat emulation, which has the industry’s best malware catch rate.
- Zero-friction deployment: Infinity SOC is a single, centrally managed cloud platform, improving teams’ operational efficiency and reducing TCO.
It deploys in minutes, and avoids costly log storage and privacy concerns with unique cloud-based event analysis that does not export and store event logs.
“It was critical for us to find a solution to help us cut through the daily deluge of alerts and events and find the handful of genuine, potentially damaging threats to our networks,” said the Security Engineer at Terma A/S, Soren Kristensen. “Infinity SOC delivers exactly that, and more. It has enabled us to filter out all the irrelevant alerts and background noise so we can see the true state of security across our network, and to automate processes, which enables us to focus on the activities that really matter. It also gives us threat intelligence and hunting capabilities that we simply didn’t have previously.”
“Infinity SOC enables security teams to cut through the daily overload of event alerts, and eliminates network blind spots to automatically pinpoint and block the most sophisticated attacks before they can cause damage,” said the VP of Product Management at Check Point, Itai Greenberg.
“Its advanced AI-based analytics, powered by the industry’s most advanced threat intelligence resource, filters millions of alerts into the handful of critical, genuine threats so that analysts can makes the fastest, most targeted responses possible to safeguard their organization. No other solution offers Infinity SOC‘s combination of automated prevention, detection, investigation and remediation capabilities in a single platform, Greenberg added”
Konga targets New York, London and Nigerian stock exchange listings; investment exceeds $120m
Why we rejected a valuation of over $300m from global investors– Prince Ekeh
Employ over 150,000 Nigerians
Cut losses from N400m to N100m monthly in 2 years
Foremost retail giant, Konga has invested well over $120m since it was acquired two years ago in Nigeria alone and now strategically structured to take on other African countries.
The foregoing was disclosed by Co-Chief Executive Officer, Konga Group, Prince Nnamdi Ekeh.
‘‘Though we started with a monthly loss of N400m, but with new systems, structure and energy put in place, we have gradually been reducing losses and now about N100m loss per month. E-Commerce is an expensive project but we are best positioned to deliver as a very innovative technology company,’’ he disclosed.
Equally important, Prince Ekeh made the disclosure on Kaleidoscope, an interview programme aired on Channels TV on Sunday, August 2nd, 2020.
The young business leader, who described Konga as a technology company revealed that Konga employs directly and indirectly over 150,000 Nigerians.
Most of them are merchants, logistics and other service providers.
‘‘We partner to create a trusted and sustainable digitally-driven ecosystem and working hard to scale this to about 250,000 before the end of 2020.
‘‘We see ourselves as more than just an e-Commerce company. Konga is a technology company and as a technology company, we are positioned to leverage that status in deploying new solutions and innovations. Indeed, no one should be surprised if tomorrow, Konga starts launching space ships into orbit. Although we have received several offers from interested investors, we are content with the group that is currently funding Konga. The group is highly ethical and want us to maintain the highest level of integrity. Our investors have assured us of enough capital to survive the next five years at least. This was why we did not accommodate a valuation of $300m from a consortium of global investors last year.
‘‘However, we are also keen to expand into other African markets after taking charge of the Nigerian market. The e-Commerce market in African is still a largely untapped one. Therefore, any company that makes the right in-roads will reap huge benefits from it,’’ he said.
‘‘We have also received enquiries from the New York Stock Exchange, the London Stock Exchange and the Nigerian Stock Exchange to list on these markets. It’s something that will happen as part of our African expansion plan when Konga becomes a multi-billion-dollar business.’’
Continuing, he stated: ‘‘Our strategies and tact are 21st century influenced, but also taking cognizance of deficiencies in our country and that was why we spent the first two years rebuilding technologies, setting up secure but robust warehousing facilities and delivery logistics nationwide. With these under our control and owned by us, we are driving towards profitability. It is important to note that at Konga, we do not believe in just hype
‘‘In addition to our status as a technology company, Konga is also Nigeria’s first ever marketplace and composite e-commerce group. The company is on the verge of rolling out a suite of cutting-edge solutions and services that will excite the market very soon.
‘‘But that is not all. A lot is happening behind the scenes at Konga. We recently announced the re-launch of the Konga Affiliate programme. Also, we developed a solution for corporate procurement which has helped procurement managers in major establishments. Konga boasts the largest collection of merchants and because of this, pricing is very aggressive, thereby helping procurement managers get the best deals on Konga while also promoting transparency. We are committed to our vision and clearly understand that it is a long term and highly ethical race,’’ he concluded.
Acquired by the Zinox Group in December 2018 and having achieved over 1000% growth, Konga has grown from a position of strength into arguably Nigeria’s leading e-Commerce brand, with a long list of innovative strategies and solutions setting it apart in the sector.
Why our SMERP solution is targeted at SMEs – CWG Plc
Nigeria’s largest system integration company, CWG Plc, has adduced reasons it is targeting the Small and Medium Enterprise segment of the country’s economy with its cloud-based ERP solution tagged SMERP.
The company believes the successful development and sustainability of Small and Medium Enterprises is key as SMEs play a major role in most economies, particularly in developing countries like Nigeria, where they contribute to new jobs creation by 70 percent.
According to CWG, most formal jobs are generated by SMEs, which create 7 out of 10 jobs but are lacking the basic tools to function effectively and efficiently.
“We have seen that SMEs in Nigeria face enormous challenges such as innovating, supporting their business growth and keeping the lights on. This is why we have developed the SMERP solution to strategically address their challenges,” said the SMERP’s Product Manager, Omodolapo Orogbemi.
He disclosed that the CWG’s SMERP is a reliable, scalable and flexible solution which can be used to strategically achieve a competitive leading position in the SME sector for Nigeria.
SMERP is capitalizing on this opportunity to achieve success in enabling SMEs to improve the GDP of the Nigerian Economy.
Specifically, he said the SMERP solution will provide business outcomes such as smooth functioning of daily processes, enhancement of work efficiency, a substantial reduction in recurring cost and improved operational efficiency for SMEs.
Other value proposition of the solution are remote business monitoring, business intelligence & data analytics and improving the overall competitiveness in the world market through modern technologies.
SMERP supports the survival and standardization of the SME sector through different modules such as Invoicing, Accounting, Inventory, CRM, Point of Sale, Rewards and Loyalty Programs.
These benefits to business owners ensure business expansion and transforming one-time customers to regulars.
SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide. The World Bank Group estimated that formal SMEs contribute up to 40% of national income (GDP) in emerging economies.
Facebook’s connectivity investments to grow Africa’s economy by $57 billion in next five years
Today, Facebook released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years (2020–2024).
According to The Economist Intelligence Unit – Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the internet.
Over the years, Facebook has invested in infrastructure and partnerships to address the barriers to connectivity, such as the lack of availability in infrastructure, affordability, relevance and readiness to get online.
Also aiming to provide financial and technical inputs that can make infrastructure easier and cheaper to deploy within the continent, Facebook’s infrastructure investments and connectivity initiatives include the following:
1. Investing in Infrastructure that supports internet connectivity
Submarine cables – Will enable an increase in supply of international bandwidth, reduction in costs for ISPs and resulted in a combination of more connectivity and lower prices for end users.
This includes the 2Africa cable, one of the largest Subsea cable projects in the world, which will circle the African continent, landing in 16 African countries.
It will triple the capacity currently provided by all the subsea cables serving Africa today further supporting growth of 4G, 5G and broadband access for hundreds of millions of people.
Edge networks – Enables ISPs (Internet Services Providers) and MNOs (Mobile Network Operators) to access content on Facebook’s platform closer to their own networks, increasing service quality and reducing costs while cutting international connectivity and transit costs for operators and improving user experience.
About 70% of Facebook traffic in SSA is now served from within the region and investments in edge network and international capacity together will enable Internet traffic to increase by 9% by 2024 and generate an increase of GDP of USD53 billion over a five-year period.
Backhaul fiber investments through Open Transport Networks (OTNs)– Facebook’s investment in OTNx has seen it deploy 770 kilometers of fiber in Uganda in partnership with operator BCS and Airtel and 750-800 kilometers in Nigeria with infrastructure provider MainOne which has enabled an extension of 3G/4G coverage to over 4 million people.
A further 100 kilometers of fiber haul has been deployed in South Africa for Wi-Fi in partnership with operator Vast.
An estimated 700,000 people in Uganda and 300,000 people in Nigeria got online earlier than they would have without the OTNx investments, producing an economic impact of almost USD4 billion between 2020 and 2024.
2. Supporting Mobile Operators through facilitation initiatives
Express Wi-Fi – Facebook has deployed Express Wi-Fi solutions across SSA enabling local ISPs and operators to establish low-cost access networks.
The solutions which are currently available in Ghana, Kenya, Malawi, Nigeria, Senegal, South Africa and Tanzania are helping bring more people online and stimulate data usage and Internet traffic overall.
Rural Access partnerships– Facebook has invested in two Rural Access partnerships (Africa Mobile Networks- AMN in Cameroon and Democratic Republic of Congo, and BRCK in Kenya and Rwanda) that focus on reducing the costs of rolling out broadband in less populated and poorer rural areas.
The Telecom Infra Project (TIP)– Meant to mobilize telecoms operators, vendors, governments and other stakeholders to work towards implementation of new and more cost-effective technological solutions and hardware.
Some of the economic benefits include the enhancement of operators’ ability to extend the coverage of broad networks, thus enabling more people to go online.
These increases in take-up and internet traffic mean that people are more-able to interact with each other, trade online and perform online transactions.
All these activities create benefits for individuals and wider economic and social benefits through improved health and welfare outcomes, skills and education, job creation and productivity.
Facebook’s Africa Public Policy Director, Kojo Boakye, commented: “At Facebook we’re committed to Africa and the role that we can play in improving the continent’s global competitiveness. Over the last three years we’ve heavily invested in infrastructure and connectivity initiatives that aim to affordably connect people on this continent and create tangible social-economic benefits. These efforts are part of a complex solution that requires all stakeholders – including mobile operators, infrastructure providers and governments – to work together for the common good. We are only 1% finished and remain committed to this exciting journey and working with all our partners along the way.”
The Impact of Facebook Connectivity Initiatives in SSA report can be accessed here.
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