TrapX’s Deception platform uses decoys to contain and analyze cyber threats and offers threat intelligence data to outsmart hackers
Waltham, MA – August 11, 2020 – TrapX Security, the global leader in Deception-based cyber defense solutions, was identified as a Sample Vendor in the Gartner Hype Cycle for Security Operations, 2020. TrapX, which leverages next-generation deception technology to provide real-time breach detection and prevention, was named in the Deception Platforms category.1
“Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to the latest forecast by Gartner, Inc.”2 TrapX’s Deception platform, DeceptionGridTM 7.0, shifts the economic burden of cybersecurity to the attackers by using decoys, or “traps”, to trick attackers into believing they are executing a successful attack. These decoys intercept sophisticated attackers and divert them to a fictitious environment that mimics the organization’s actual systems. This consumes the attacker’s time and resources and forces them to reveal their techniques, tactics, and procedures, ultimately giving security teams complete control.
Pete Shoard, senior director analyst, Gartner, said in the report: “Security and risk management leaders who want to develop a threat detection initiative can invest in deception platforms as a low-cost and high-impact complement (or more rarely as a replacement) for SIEM, EDR and NDR tools offering high-fidelity sensors. Forward-leaning and mature clients can also benefit from the added value from deception platforms. These benefits include generation of decoys that will increase an attacker’s dwell time, or generation of local indicators of compromise (IOCs) and other threat intelligence (TI) which can give feedback into their TI efforts.”
TrapX DeceptionGrid combines the benefits of deep and large-scale deception, using emulated traps deployed via automation. These high-interaction decoys support deep deception at enterprise-scale and automatically change their shape and location once triggered to keep attackers guessing. The platform also integrates with key elements of security and network infrastructure already in place, allowing security teams to contain attacks and enabling a smoother recovery.
“The key security challenge that CISOs face daily is that their team needs to be right 100 percent of the time to be successful, whereas cybercriminals only have to be right once to execute a devastating attack,” says Ori Bach, CEO of TrapX Security. “With DeceptionGrid, our goal is to help alleviate some of this burden for security teams – instead of just monitoring endpoints, deception integrates with your entire IT infrastructure to continually detect, deceive and defeat attackers at the same time. We’re honored to be named as a Sample Vendor of Deception Platforms in Gartner’s Hype Cycle for Security Operations, 2020 and are glad to see deception starting to gain recognition among security professionals as a way to defeat advanced cyber threats.”
Learn how DeceptionGrid can help you defeat attackers that may already be in your network here.
1 Gartner, Hype Cycle for Security Operations, 2020, Pete Shoard, 23 June 2020.
2 Gartner Press Release, Gartner Says Global IT Spending to Reach $3.9 Trillion in 2020, January 15, 2020. https://www.gartner.com/en/newsroom/press-releases/2020-01-15-gartner-says-global-it-spending-to-reach-3point9-trillion-in-2020
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About TrapX Security
TrapX Security is a pioneer and global leader in cyber deception technology. The TrapX DeceptionGrid rapidly detects, deceives, and defeats advanced real-time cyber-attacks and human attackers in real-time. The DeceptionGrid provides automated, highly accurate insight into malicious activity unseen by other forms of cybersecurity. By deploying DeceptionGrid, users can create proactive security to fundamentally halt the progression of an attack. This strategy shifts the economics of cyberattacks to cost the attacker instead of the victim. TrapX Research Labs clients include several Forbes Fortune 500 commercial and government customers worldwide. Sectors include defense, healthcare, finance, energy, consumer products, and other key industries. Learn more about this cybersecurity solution at www.trapx.com.