Gurucul, a leader in behavior based security and fraud analytics technology, and a Winner in the 2018 ‘ASTORS’ Homeland Security Awards Program, achieved record business results in 2018 which includes a 200% increase in revenues fueled by accelerating demand for its Gurucul Risk Analytics (GRA) platform (including the UEBA, Identity Analytics, Cloud Analytics products) and Gurucul Fraud Analytics.
Additionally, Gurucul experienced 600% growth for its Security and Fraud Analytics as a service offering, signed marquee customers in the financial, insurance and healthcare sectors, made several key management hires and expanded its global footprint through several strategic business partnerships.
The global security analytics market was valued at USD 2.71 billion in 2017 and is expected to reach USD 4.85 billion in 2023 with a CAGR of 10.7%, during the forecast period (2018-2023), according to Mordor Intelligence.
(Gurucul is transforming the enterprise security with user behavior based machine learning and predictive analytics. Using identity to monitor for threats, Gurucul provides Actionable Risk Intelligence™. Courtesy of Gurucul and YouTube.)
Gurucul won top honors in American Security Today’s 2018 Platinum ‘ASTORS’ Homeland Security Award in the Best User & Entity Behavior Analytics (UEBA), the preeminent U.S. Homeland Security Awards Program, and was also recognized by Cyber Defense Magazine and the Business Intelligence Group.
Two Gurucul customers received the prestigious CSO50 Award from IDG’s CSO for innovation and business value using Gurucul Risk Analytics (GRA).
Saryu Nayyar, Gurucul CEO, published the second edition of her book “Borderless Behavior Analytics – Who’s Inside? What’re They Doing?” with contributions from Jim Routh, CSO of CVS; Bill Scandrett, CISO of Allina Health; Vishal Salvi, CISO of Infosys; and Devin Bhatt, CISO of US Federal, and was recognized as a Thought Leader in SC Media’s Reboot Leadership Awards.
“Market adoption of security and fraud analytics is being fueled by the recognition that traditional tools are not able to predict, prevent, detect and respond to insider threats, advanced attacks and cross-channel fraud especially for hybrid cloud environments,” explained Ms. Nayyar.
“We experienced a significant jump in revenue last year as customers deployed Gurucul’s platform to prevent data breaches and fraud; enable model driven security and business processes, comply with regulatory mandates in healthcare and financial services, and privacy mandates like GDPR, HIPAA and PCI-DSS.”
The foundation of Gurucul’s success last year is its ability to help organizations leverage advanced real time security and fraud analytics, provide a holistic and contextual view of risks and threats, and enable automated controls in both cloud and enterprise environments, which go beyond security information and event management (SIEM) and traditional fraud prevention technologies.
“Customers are losing faith in SIEM solutions and their rules-based black box analytics, high costs and reliance on threat hunting experts in a resource constrained market, and instead are favoring security analytics as a service that possess SIEM capabilities,” added Nayyar.
Gurucul 2018 Highlights
The company achieved the following business milestones last year:
- Grew revenues by more than 200%
- Acquired marquee customers in the financial services, insurance and healthcare verticals
- Experienced a more than 600% increase in the adoption of its Gurucul Security and Fraud Analytics as a Service offerings
- Increased adoption of Gurucul Labs managed security services by 400%
- Bolstered leadership team with key executive hires: Jasen Meece as president of business development, Jack Jaffe as senior vice president of sales, and Jane Grafton as vice president of marketing
- Signed strategic customers in APAC and EMEA and added new in-country team members
- Expanded global footprint with strategic business partnerships in APAC and EMEA
Gurucul’s global cyber security and fraud analytics is changing the way organizations protect their most valuable assets, data and information from insider and external threats both in the cloud and on premises.
Gurucul’s real-time security analytics and fraud analytics technology combines machine learning behavior profiling with predictive risk-scoring algorithms to predict, prevent and detect breaches and fraud.
Gurucul technology is used by Global Fortune 1000 companies and government agencies to fight cyber fraud, IP theft, insider threats and account compromise
Gurucul Takes Platinum in the 2018 ‘ASTORS’ Homeland Security Awards Program
Best User & Entity Behavior Analytics (UEBA)
Gurucul Risk Analytics (GRA)
The Annual ‘ASTORS’ Awards Program is specifically designed to honor distinguished government and vendor solutions that deliver enhanced value, benefit and intelligence to end users in a variety of government, homeland security and public safety vertical markets.
Over 130 distinguished guests representing National, State and Local Governments, and Industry Leading Corporate Firms, gathered from across North America, Europe and the Middle East to be honored among their peers in their respective fields which included:
- The Department of Homeland Security
- The Federal Protective Service (FPS)
- Argonne National Laboratory
- The Department of Homeland Security
- The Department of Justice
- The Security Exchange Commission Office of Personnel Management
- U.S. Customs and Border Protection
- Viasat, Hanwha Techwin, Lenel, Konica Minolta Business Solutions, Verint, Canon U.S.A., BriefCam, Pivot3, Milestone Systems, Allied Universal, Ameristar Perimeter Security and More!
The Annual ‘ASTORS’ Awards is the preeminent U.S. Homeland Security Awards Program highlighting the most cutting-edge and forward-thinking security solutions coming onto the market today, to ensure our readers have the information they need to stay ahead of the competition, and keep our Nation safe – one facility, street, and city at a time.
The 2018 ‘ASTORS’ Homeland Security Awards Program was Proudly Sponsored by ATI Systems, Attivo Networks, Automatic Systems, Desktop Alert, and Royal Holdings Technologies.
Nominations are now being accepted for the 2019 ‘ASTORS’ Homeland Security Awards at https://americansecuritytoday.com/ast-awards/.
|Access Control/ Identification||Personal/Protective Equipment||Law Enforcement Counter Terrorism|
|Perimeter Barrier/ Deterrent System||Interagency Interdiction Operation||Cloud Computing/Storage Solution|
|Facial/IRIS Recognition||Body Worn Video Product||Cyber Security|
|Video Surveillance/VMS||Mobile Technology||Anti-Malware|
|Audio Analytics||Disaster Preparedness||ID Management|
|Thermal/Infrared Camera||Mass Notification System||Fire & Safety|
|Metal/Weapon Detection||Rescue Operations||Critical Infrastructure|
|License Plate Recognition||Detection Products||And Many Others!|
Don’t see a Direct Hit for your Product, Agency or Organization?
Submit your category recommendation for consideration to Michael Madsen, AST Publisher at: firstname.lastname@example.org.
2018 Champions Edition
See the 2018 ‘ASTORS’ Champions Edition – ‘Best Products of 2018 ‘ Year in Review’ for in-depth coverage of the outstanding products and services of firms receiving American Security Today’s 2018‘ASTORS’ Homeland Security Awards.’
Nominations for the AST 2019 ‘ASTORS’ Homeland Security Awards Program will officially open as of January 1st, 2019 at americansecuritytoday.com.
Enter Early to Maximize Media Coverage of your Products and Services at Kickoff, and Get the Recognition Your Organization Deserves!
And be sure to Register Early for the 2019 ‘ASTORS’ Awards Presentation Luncheon at ISC East 2019 to ensure your place at this limited- space event!
2018 ‘ASTORS’ Homeland Security Awards Luncheon at ISC East