SecurityWorldMarket

30/11/2017

ADT acquires cyber security company

Boca Raton, Fl (USA)

ADT, a leader in security and automation solutions for homes and businesses in North America, has acquired Datashield one of the country's fastest growing cyber security companies and it will now be called ADT Cybersecurity.

Operating under the brand ADT Cybersecurity, this service is uniquely positioned to provide enterprise and mid-market businesses with managed detection and response (MDR) services to combat advanced cyber threats in real-time. Datashield CEO Michael Malone will join the ADT team as Senior Vice President, ADT Cybersecurity, reporting directly to Timothy J. Whall, CEO, ADT.

The security gap is widening as advanced threats continue to bypass the first line of defence, and many organisations are struggling to deploy, manage and use an effective combination of expertise and tools to detect advanced cyber threats. Mid-market and enterprise organisations are increasingly finding the need for 24x7 managed and monitored cyber solutions to help detect and respond to cyber attacks. It is estimated that by 2020, approximately 20 percent of mid-market and enterprise organisations will be using MDR services such as ADT Cybersecurity, researchers estimate this as being up from less than 1 percent in 2016.

Datashield, now ADT Cybersecurity, is the only MDR provider to offer full packet capture and inspection beyond headers and metadata behind the firewall. ADT Commercial and National Account customers who look to add ADT Cybersecurity services will also have access to Shieldvision, a unified platform for organising, managing, & collecting cyber intelligence. Shieldvision automates security analyst workflows to close the gap between cyber attack and breach detection time and remediation for customers.

Data breaches caused by cyber attacks on networks are plaguing businesses of all sizes. This year could set another record for the number and severity of data breaches after record years in 2015 and 2016. The median time of compromise to discovery is a staggering 80 days with the average cost of data breach costing organisations $3.62 million according to recent research.

“Our goal is to provide ADT customers with the most comprehensive security solution to protect their business, and in today’s world, this not only means their physical premise, but also their network,” said ADT’s Whall. “For more than 143 years, ADT has been monitoring physical properties, and Datashield will now allow us to extend that same level of security monitoring to the digital world. Michael and his team will infuse cyber security DNA into our core business, allowing us to provide an offering that will distinguish our brand as the premiere resource for end-to-end security.”

“The standard approach to cyber security was not designed to provide rapid response,” said Michael Malone, CEO, Datashield. “This is a landmark opportunity to combine the brand and reach of ADT, with the technology and innovation of Datashield to establish the new standard in the most comprehensive digital protection for mid-market and enterprise businesses.”

Headquartered in Scottsdale, Arizona, Datashield was founded in 2009 and has quickly become the leader in managed detection and response for the mid-market and enterprise. In September, Datashield opened its state-of-the-art Advanced Security Operations Center (ASOC), increasing customer capacity by 300 percent.


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