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Trustwave
Redefining Cybersecurity for the Digital Transformation Era

Arthur Wong, CEO, TrustwaveArthur Wong, CEO
In a technology-driven world, it is no longer a question of “if” but “when” a breach might occur. Adversaries are becoming more sophisticated and are well equipped to attack the most important asset of an organization—its data, whether it’s on-premises, in the cloud or both. In the recent past, an alarming increase in cyber threats has hit the headlines. A report from research firm Cybersecurity Ventures estimates, cybercrime will cost the world in excess of $6 trillion annually by 2021, up from $3 trillion in 2015. Given the proficiency of malicious hackers, implementing technology alone is insufficient to protect organizations from a breach. In many instances, most damage is caused by the inability to rapidly discover and respond to threats rather than the attack itself. To detect vulnerabilities, organizations need to have high-level cybersecurity experts on hand, along with the right processes and technology. However, with the existing industry-wide talent gap, experienced and qualified cybersecurity professionals are hard for many enterprises to hire, train and retain on their own.

Fulfilling this gap is Trustwave, a leading cybersecurity and managed security services provider that helps enterprises and government agencies fight cybercrime, protect data and reduce security risk. In 2018, Trustwave’s parent company Singtel (a large telecommunications provider in Asia/Pacific), pooled its cybersecurity resources composed of Singtel, Optus, Trustwave, and NCS, into a single global corporate identity operating under the Trustwave brand. Essentially, Trustwave doubled in size and capabilities and has quickly risen to become one of the foremost players in the enterprise cybersecurity space—recognized by industry analyst firms like Gartner, IDC and Forrester as industry-leading.

Trustwave offers a wide range of managed security services, data protection technologies and consulting and professional services to help organizations monitor for, detect, and quickly eliminate external and internal threats. “As a company on the front lines battling cybercriminals and nation-state adversaries bent on stealing data, disrupting operations for ransom or destroying infrastructure, Trustwave is well-positioned to help organizations secure their operations both today and tomorrow as needs change.Our clients benefit from having a security partner with global reach and deep regional expertise,” says Arthur Wong, chief executive officer of Trustwave.

The company has proprietary solutions such as Trustwave DbProtect, a government-grade database security testing platform, and Trustwave Secure Email Gateway, delivering advanced protection against email-based threats including phishing, malicious links, business email compromise, and others. Alongside data protection and email security solutions, the company has technology partnerships with those on the leading edge of endpoint detection, artificial intelligence, automation and behavioral analytics.

High-Level Security Expertise

Trustwave’s consulting and professional services begin first with a one-on-one engagement to better understand an enterprise’s environment and assets. Trustwave consultants then architect a plan based on risk tolerance levels, needed resources and security maturity endgame. “We help clients augment their cybersecurity capabilities to identify and safeguard against security risks and threats to critical assets— be it users, applications or data,” says Wong. As part of the engagement, Trustwave advises on comprehensive security solutions that may include technologies and/or managed security services—regardless of what security vendor provides them—that offer the best level of protection and risk reduction.

Unlike legacy managed security services providers, Trustwave offers specialized managed security services you won’t find anywhere else or those that are unique compared to what else is on the market. Advanced services like Managed Threat Detection and Response are core to what Trustwave calls its most innovative services. The Trustwave Fusion platform is a cloud-based cybersecurity platform that serves as the foundation for the company’s managed security services, products and other cybersecurity offerings.


With an ever-expanding attack surface as a result of the Internet of Things technology and multi-cloud environments, Trustwave is continuously innovating and developing its capabilities to best serve organizations at varying stages of digital transformation


It is purpose-built to meet the enterprise where they are today in their operations and in the future as they embrace digital transformation and contend with a continuously evolving security landscape.

“The Trustwave Fusion platform is a quantum leap in how cybersecurity is applied and managed within corporate and government environments,” says Trustwave’s Wong. “We have fused market leading technologies, powerful managed security services and the prowess of elite practitioners onto a single pane easily accessed and controlled by browser or mobile app. Having the capability to run database scans and vulnerability tests as needed, bolster security resources in a hybrid operation or order an elite threat hunting force into action by simply pointing and clicking is truly a game changer.”

The Trustwave Fusion platform connects the digital footprints of enterprises and government agencies to a robust security cloud comprised of the Trustwave data lake, advanced analytics, actionable threat intelligence, a wide range of security services and products the company’s security specialists.

Once connected, the traditional dichotomy of customer and security partner evaporates by giving internal security teams deep visibility, technologies and the advanced security expertise necessary for protecting assets and eradicating threats as they arise – a true paradigm shift in how cybersecurity programs are applied, managed and executed.

At the core of the company’s managed security services is Trustwave SpiderLabs, a renowned team of ethical hackers, threat hunters, digital forensic investigators and security researchers. These practitioners work shoulder to shoulder with enterprises to co-manage or fully manage security operations. From penetration testing and red teaming to incident response and full investigations, Trustwave SpiderLabs fills gaps in security expertise that for most companies would be impossible to achieve in-house. “Businesses today are under constant threat from adversaries tirelessly working to steal data to sell on the dark market or simply cause destruction. Having a battle-tested security team ready to take action on a moment's notice greatly enhances security posture," says Wong.

The Trustwave SpiderLabs Fusion Center, a 6,000 square foot, state-of-the-art cyber command center, connects both SpiderLabs and the company’s global network of security operation centers (SOCs). These facilities work in tandem identifying, tracking, and collecting the latest threat intelligence from active cybercrime campaigns, forensic investigations, product telemetry, and third-party sources. Strike teams with specialized knowledge on industries and environments apply this constant flow of information to augment their abilities for detecting, responding, and eradicating threats down to individual endpoints on behalf of the enterprise.

“The command center coupled with the knowledge of our security experts helps ensure businesses have complete security visibility across their entire environment and the means to keep pace with threat actors who are continuously refining their techniques to evade detection,” mentions Wong. Further, the Trustwave SpiderLabs Fusion Center serves as a security education mecca regularly conducting training sessions for CIOs, CISOs, security analysts and IT teams.

Rigorous instruction on cutting-edge techniques for discovering hidden adversaries and defending networks highlights industry-recognized certifications in penetration testing, data forensics, incident response, and other disciplines.

Protecting Customers as the Threat Landscape Evolves

In an instance, a U.S.-based organization specializing in large-scale public utility work, specifically R&D for heating/cooling within large industrial environments, was expanding their operations in Asia. To expedite the setup of IT systems in new locations in this region, corporate IT shared a master or “gold image” to ensure consistent configuration and performance settings. What they didn’t realize was that in addition to system setup details, the gold image was also sharing suspicious files to every new system deployed. These files did two things. They injected .dll libraries into running memory space to give a malicious actor remote command and control of the victim systems. They also inserted a cryptominer. A malicious actor with access to the systems and cryptominer could then use the processing power of the organization’s server network to mine cryptocurrency. This was the situation when the organization came to Trustwave.

Trustwave SpiderLabs threat hunters began an investigation into the organization’s corporate network and new locations in Asia and discovered something wasn’t right and quickly took steps towards mitigation.

The threat hunters follow a comprehensive approach to systematically target complex threats. In investigating this organization, the hunters first identified suspicious internal Server Message Block (SMB) scanning activity on port 445. This indicated that a malicious actor or group was looking for open ports to exploit the SMB vulnerability EternalBlue. Interestingly, this scanning began immediately as new systems came online. Additional investigation identified the suspicious files on the gold image that were giving command and control access to remote users and dropping the cryptominer on new systems. Trustwave practitioners specializing in malware reverse engineering showed these files were consistent with malware from Dynamite Panda, an Asian-based advanced persistent threat (APT) group known for targeting the U.S. enterprises and industrial base. The threat hunters added key findings from this case to Trustwave’s threat intelligence database and devised unique endpoint use cases to identify and eradicate telltale signs of Dynamite Panda throughout the organization’s environment. The organization rebuilt its gold image and after deep internal investigations, identified a senior IT staff member as the primary culprit. Today, Trustwave continues to support the company through managed detection and response services to help ensure threats are identified and eradicated before they have a serious impact.

"As a company on the front lines battling cybercriminals and nation-state adversaries bent on stealing data, disrupting operations for ransom or destroying infrastructure, Trustwave is well-positioned to help organizations secure their operations both today and tomorrow as needs change"

Much of Trustwave’s cybersecurity prowess, which is behind many customer success stories, can be attributed to Wong and his team. Wong has served the cybersecurity space for over two decades. Developing cybersecurity technologies and solutions has helped Wong gain immense knowledge of risk management and protection of assets. He has helped some of the world’s largest enterprises and government organizations overcome complex cybersecurity challenges and adhere to constantly shifting data regulations. Under his watch, Trustwave has been recognized by several key industry analysts as a top cybersecurity company and most recently was named a Leader in the 2019 Gartner “Magic Quadrant for Managed Security Services, Worldwide” for the second year in a row. “We feel our placement in the Leaders quadrant reflects our innovation in threat detection and response capabilities as well as service delivery excellence we have brought to organizations,” Wong added.

“With an ever-expanding attack surface as a result of the Internet of Things technology and multi-cloud environments, Trustwave is continuously innovating and developing its capabilities to best serve organizations at varying stages of digital transformation,” concludes Wong.

- Russell Thomas
    November 25, 2019

Company
Trustwave

Headquarters
Chicago, IL

Management
Arthur Wong, CEO

Description
Trustwave is a leading cybersecurity and managed security services provider that helps businesses fight cybercrime, protect data and reduce security risk. Offering a comprehensive portfolio of managed security services, consulting and professional services, and data protection technology, Trustwave helps businesses embrace digital transformation securely. Trustwave is a Singtel company and the global security arm of Singtel, Optus and NCS, with customers in 96 countries

Trustwave News

Trustwave and Trellix Announce Strategic Partnership to Deliver Best-in-Class Managed Detection and Response to Protect Global Organizations

SAN JOSE, Calif: Trustwave, a global cybersecurity and managed security services leader, and Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced a strategic partnership to bring superior visibility and faster, more precise detection and response to security teams defending against cyberthreats.

Trustwave’s Managed Detection and Response (MDR) provides enterprises across the globe with 24x7 monitoring, detection, and response of their hybrid multi-cloud environments for active threats and anomalies, backed by an elite team of global threat operators, threat hunters, and malware experts. Armed with Trellix XDR, Trustwave threat intelligence, and context from customers’ security infrastructure, Trustwave detects threats in real-time, hunts for emerging threats at the endpoint, and initiates response actions to quickly eliminate them. Both companies share a commitment to drastically improving organizations’ Mean Time to Respond (MTTR), and tailor offerings to the customers’ unique environment to provide faster security outcomes.

“IDC research has shown that improving Mean Time to Detect (MTTD) and MTTR are the top concerns in the U.S., and the second highest concerns globally when choosing a security services provider,” said Craig Robinson, Research Vice President, Security Services at IDC. “MDR providers that have dedicated resources assigned to their customers to fine-tune their performance will help to elevate cybersecurity maturity and improve the key metrics that Boards are increasingly monitoring to ensure their organizations are staying safe in an increasingly hostile cyber environment.”

“We’re committed to helping organizations realize greater value across their security investments while conducting and growing their businesses securely,” said Trustwave CEO Eric Harmon. “Unlike other providers, MDR is the core of our business, and we’re proud to be Trellix’s newest partner to provide our joint clients with a new level of holistic cyber defense.”

“Our partnership with Trustwave was carefully chosen because we believe Managed Detection and Response works best with a level of customer intimacy provided by the channel,” said Trellix CEO Bryan Palma. “We have no doubt our XDR platform combined with MDR services from Trustwave is a winning combination for our customers.”

Trellix views the partnership with Trustwave highly strategic due to its leadership and market innovation and will begin the relationship with Trustwave's innovative MDR services on Trellix EDR products. Trellix has a partner-first commitment to delivering XDR through an ecosystem of best-in-class partners like Trustwave who offer market choice, flexibility, and meet the geographic and specialized needs of Security Operations teams to achieve more.

Trustwave is recognized as a Representative Vendor in the Gartner® Market Guide reports for Managed Security Services (MSS), Managed Detection and Response Services (MDR), Digital Forensics and Incident Response Retainer Services (DFIR), and Managed Security Information and Event Management Services (SIEM)*.

Trustwave is unanimously considered a global cybersecurity leader by the industry. Additionally, Trustwave was recently awarded Frost & Sullivan’s 2023 Cybersecurity Company of the Year in MSS & PSS Markets, with special recognition as the highest-rated Innovator in the Americas MSS and PSS Radar Report and as top 5 Innovator in the Global MDR Radar Report. Trustwave is also the highest-ranked pure-play cybersecurity provider in IDC’s 2022 Worldwide Managed Cloud Security Services in the Multi-Cloud Era Marketscape.

Trustwave SpiderLabs Exposes Critical Cybersecurity Threats Targeting Retailers

CHICAGO - Trustwave, today released comprehensive research shedding light on the distinctive cybersecurity risks facing retailers. The report, “2023 Retail Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies,” explores the specific threats and risks the retail industry faces, along with practical insights and mitigations to strengthen defenses.

In its new research, Trustwave SpiderLabs has documented the attack flow utilized by threat groups, exposing their tactics, techniques, and procedures. From email-borne malicious attachments to automated bots to remote access trojans, these persistent threats pose significant risks to the retail sector.

Retailers today are facing a barrage of mounting cybersecurity challenges. Unlike security incidents affecting businesses in less-publicized sectors, a breach involving a major retailer is almost guaranteed to become a headline- grabbing affair. Adding to the complexity, the e-commerce market surpassed a staggering $1.09 trillion in 2022, marking a 209% increase from the levels of 2019, according to Comscore.

"The significant shift towards digital commerce that unfolded during the global pandemic marked a pivotal moment for retailers,” said Trustwave CISO Kory Daniels. “An industry historically focused on compliance and point-of-sale security had to rapidly adapt to surging consumer demands, virtual workforces, and evolving threat actors. Our latest threat briefing is a valuable resource for retail leaders and cyber defenders, providing a comprehensive view of the threats observed by our Trustwave SpiderLabs team, along with specific mitigation strategies to help organizations protect themselves, their consumers, and their assets.”

The Trustwave SpiderLabs report analyzes threat groups and their methods throughout the attack cycle, from initial foothold through to exfiltration. A few key findings from the report include:

• The threat group LockBit accounted for 34% of ransomware incidents targeting the retail sector.

• A majority of the targeted retailers who reported a breach were from the United States (57%) with the United Kingdom (8%), and Canada (7%) coming in a far second and third, respectively.

• 30% of all reported incidents in retail can be attributed to Credential Access, of which 90% are through brute force.

• As lures for phishing emails, 59% use “Payroll Diversion,” followed by 19% “Request for Contract.”

Trustwave SpiderLabs’ research serves as a resource for retailers to understand and combat the multitude of attack groups, malware variants, and techniques deployed against them. The report explores:

Cybersecurity Challenges Unique to the Retail Industry

• Rise of E-commerce: The shift to e-commerce has made retailers more vulnerable to cyberattacks in a number of ways, including additional data storage and increased reliance on third-party vendors.

• Seasonality: Retail businesses experience significant fluctuations in traffic and sales throughout the year, making it difficult to maintain security and compliance standards across the board.

• Omnichannel: Retailers today typically operate across multiple channels, including physical stores, e-commerce websites, and mobile apps, which provides convenience to consumers but complicates security.

• Prevalence of Gift Cards: Threat actors utilize gift cards to maintain anonymity in their transactions and, more alarmingly, to launder funds sourced from compromised credit cards and other payment platforms.

• Franchise Model: A security breach at one franchise could damage the reputation of the entire brand. Additionally, franchisees may not have the same level of security resources as the parent company, making them more vulnerable to cyberattacks.

Prevalent Threat Actors and Threat Tactics Operating Across Retail

Threat Actors:

• 8BASE

• Bian Lian

• BlackCat/ALPHV

• Clop

• LockBit

• Play

• RansomedVC

• Royal

Threat Tactics:

• Access for Sale

• Bot Attacks

• Business Email Compromise (BEC)

• Consumer-Based Attacks

• Credential Access

• Email-Borne Malware

• Gift Card Fraud and Scams

• Malware

• Phishing

• Vulnerability Exploitation

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