PALO ALTO, CA: SentinelOne has announced a cyber threat protection guarantee to provide customers with financial protection in the event of ransomware attacks on their networks. The guarantee reflects SentinelOne’s singular ability to fight against advanced forms of malware, including those used in ransomware attacks, through its unique behaviour-based detection engine coupled with automated mitigation and remediation technologies.
SentinelOne’s cyber threat protection guarantee program provides its customers with financial support of $1,000 per endpoint, or up to $1 million per company, securing them against the financial implications of a ransomware attack, if the company indeed suffers an attack and SentinelOne is unable to block or remediate the effects. As the use of ransomware as a lucrative attack method rises exponentially — ransomware victims paid out $209 million in Q1 2016, compared to $24 million for all of 2015[1]—equipping organisations with the ability to eradicate this highly disruptive threat is a key element of SentinelOne’s Endpoint Protection Platform and proprietary technology which protects against malware, exploit, and even insider-based attacks that increasingly use stealthy script-based languages to remain hidden from antivirus software.
“I’ve long rallied hard about the ineffective antivirus products currently on the market—which cost companies billions of dollars annually but ultimately fail to keep them secure,” said Jeremiah Grossman, chief of security strategy for SentinelOne. “The security industry is undergoing a credibility crisis, with security vendors launching product after product without specific validation of their effectiveness. But we’re headed for a major shift where security vendors will be required, not only by customers but by lawyers and insurers, to put their money where their mouth is.”
“Companies have relied upon outdated technologies like antivirus for too long, focusing their security strategy on what they already know rather than what’s lurking in the shadows,” said Tomer Weingarten, co-founder and CEO of SentinelOne. “Our purpose is to protect companies from the worst, by providing both the tools needed to find and mitigate threats in an ever-evolving threat landscape as well as financial security for the worst case scenario.”
The launch of SentinelOne’s cyber threat protection guarantee coincides with fundamental changes to the endpoint protection capabilities needed by the world’s largest organisations. The SentinelOne platform packages together what the Gartner Magic Quadrant calls “on-device dynamic behavioural analysis to detect zero-day threats and APTs and prevent exploitation…[providing] complete endpoint visibility for full investigative information in real time.” Going well beyond legacy methods that have relied on static, signature-based detection, SentinelOne’s machine learning technology is able to detect malicious code through the behaviours it exhibits on execution, allowing attacks to be rooted out even if the system is encountering an entirely new malware variant.