Nokia introduces NetGuard Security Management Center software for service providers

Nokia introduces NetGuard Security Management Center software for service providersNEW DELHI: Nokia on Monday introduced its NetGuard Security Management Center software, which is aimed towards bolstering service providers’ ability to detect, predict and combat the threat from ransomware and other types of malware.

The security management center is an end-to-end management solution for security orchestration, analytics and response which enables service providers to monitor, configure and control all the multi-vendor security systems deployed across their networks, Nokia said in a statement.

The 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 damage, the company claimed.

“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,” said Ron Haberman, Head of Emerging Products in Nokia’s Applications & Analytics business group.

“Our Security Management Center helps service providers streamline business processes, reduce costs and proactively address security threats before they impact end users or businesses,” added Haberman.

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.

Furthermore, the report said that 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.

Another key finding of the report suggested that 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).