Sunset for cyber criminals as Canada turns to Darktrace
Cambridge cyber security warrior Darktrace has cashed in on burgeoning trade between the UK and Canada.
The world’s leading autonomous cyber security AI company says its Canadian customer base has grown substantially over the last year as organisations across the country seek protection from increasingly sophisticated cyber-attacks.
Significant customer wins in Canada include global retailer Herschel Supply Co., leading Quebec-based brokerage firm Lussier Dale Parizeau (LDP), the City of Sudbury, non-profit United Way of Calgary and Area, and Canucks Sports & Entertainment.
Powered by self-learning Cyber AI, the Darktrace Immune System works by learning the normal ‘pattern of life’ of an organisation and can interrupt in-progress attacks across increasingly complex digital infrastructures, including the cloud, email and home office environments.
Organisations across the region have not only embraced AI to understand where threatening activity is happening, but also now trust the technology to stop attacks from evolving within a matter of seconds, before security teams are even at their desks.
Dave Cullen, manager of IT at Entegrus Powerlines, an Ontario electricity distributor, said: “Darktrace technology unlocks the true power of artificial intelligence, as it is capable of not only understanding context on real life data, but taking intelligent action.
“The visibility and the intelligence delivered by Cyber AI provided us with information and insight that generated significant ROI from day one.”
David Masson, director of Enterprise Security at Darktrace added: “Cybercrime remains the most common threat faced by Canadian organisations of all sizes.
“We are living in a new era of silent but deadly cyber-attacks, and increasingly automated threats against businesses and Critical National Infrastructure are no longer a human scale problem. That’s why we are seeing so many organisations turning to Darktrace’s breakthrough Cyber AI technology.”
Darktrace provides comprehensive, enterprise-wide cyber defence to over 5,000 organisations in more than 100 countries, protecting the cloud, email, IoT, traditional networks, endpoints and industrial systems.
A self-learning technology, Darktrace AI autonomously detects, investigates and responds to advanced cyber-threats, including insider threat, remote working risks, ransomware, data loss and supply chain vulnerabilities.
Darktrace’s UK share price continues its upward march. At the time of going to Press it had risen to 522.50p per share to give a market cap of £3.67bn. It floated at 250p a share!
The company trimmed its IPO expectations after flops elsewhere but its decision to err on the side of caution has only served to illustrate the quality of the business – which timid shareholders are now recognising.