|By PR Newswire||
|January 8, 2014 08:15 AM EST||
NEW YORK and TEL AVIV, Israel, January 8, 2014 /PRNewswire/ --
Fortscale, the Big Data cyber security analytics start-up, today announced that Steve Katz, former CISO at Citibank, JP Morgan and Merrill Lynch, and Michael Barrett, former CISO at PayPal and VP of Security at American Express, have joined Fortscale's Advisory Board.
Widely regarded as "the world's first CISO", Steve Katz is a prominent figure in the cyber security discipline, having served as the senior security executive for Citibank/Citigroup, JP Morgan, and most recently Merrill Lynch. Deeply respected for his expertise in both the financial services and security industries, Katz has testified to Congress on information security issues and was appointed as the Financial Services Sector Coordinator for Critical Infrastructure Protection by the Secretary of the Treasury.
"Enterprises are very conscious of the need for better User Intelligence, particularly in the aftermath of the Snowden affair," said Katz. "I welcome the opportunity to be an advisor to Fortscale, a true pioneer in the provision of User Intelligence solutions that help enterprise security analysts pinpoint and investigate suspicious user activity."
Michael Barrett served from 2006 to 2013 as CISO for PayPal, and was responsible for ensuring the security of PayPal's 130+ million accounts worldwide. Before joining PayPal, Barrett was Vice President of security and utility strategy at American Express, and also was President of the Liberty Alliance. Currently, Barrett is President of the FIDO Alliance, an open standards consortium for User Authentication.
"I am delighted to join Fortscale's team as an Advisory Board member, and look forward to helping the company bring its innovative big data security analytics to the enterprise market," said Barrett.
Fortscale's enriched big data analytics provide security analysts team unique User Intelligence capabilities and advanced investigation and algorithms tool set that help them to discover advanced cyber attacks, compromised users and suspicious access of users to data. The Fortscale 1.0 product is currently in private beta and successfully installed in leading enterprises, with commercial launch planned for 2014. Fortscale was recently chosen by CRN as one of the 10 coolest Big Data startups of 2013, and was also selected as a finalist in the prestigious O'Reilly 'STRATA + Hadoop' Big Data Startup Showcase.
"We are thrilled and honored to have Michael and Steve join our advisory board," said Idan Tendler, Fortscale CEO and co-founder. "The wealth of knowledge and security experience that they bring, particularly from the high-risk financial services and e-commerce sectors, will be invaluable to us as we continue our growth and prepare for the product launch."
Fortscale's goal is to enable enterprise security analysts to easily run big data analytics for User Intelligence, regardless of their technical know-how. Fortscale was founded in 2012 by seasoned security entrepreneurs from Israel's high-tech sector, many of whom served in the IDF's Elite Intelligence and Cyber Unit. Its team includes specialists in Big Data Analytics, Machine Learning algorithms and Cyber Warfare experts. Fortscale is backed by top-tier investors and a strong advisory board comprising global organizations' CISOs and world-renowned experts in machine learning algorithms and cyber security. To learn more, please visit http://www.fortscale.com or contact Fortscale at [email protected] or at +1-212-519-9889.
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