An Irish cyber security start-up has launched its latest offering to the tech industry, which includes a suite of new features which, they say, have the potential to change how companies all over the world respond to cyber-attacks.
Tines is a Security Orchestration Automation and Response (SOAR) platform, that allows information security teams to automate repetitive, manual workloads, making them more effective and more efficient. The Irish software creators say that key to differentiating themselves from marketplace competitors is that their platform allows users with no coding or development experience to automate even the most complex tasks regardless of technology integration.
Speaking of the launch Eoin Hinchy Founder of Tines,
“Although we are only just over a year in the business, the response from security teams worldwide has been strong and we now have huge organisations on our list of customers and the demand for what we have to offer continues to grow as more and more people learn of Tines.
Our latest product release includes many features which were developed on feedback from our early customers telling us what they need but what is currently unavailable on the market, such as improved searching and automation templates for nearly 1,000 security actions commonly performed by security teams.”
Since its launch in early 2018, Tines has already amassed a significant bank of global clients, including Bank of Ireland, McKesson Inc. and DocuSign. Common use-cases for the Tines platform include automating responses to phishing attacks, remediating compromised assets infected with malware, and ensuring that threat alerts are verified before they land on a security analyst’s plate.
Tines say that because it is predicted that there will be 3.5 million unfilled cyber security jobs worldwide by 2021, companies are increasingly turning to automation to ensure security teams are working as efficiently and effectively as possible.
Duncan Godfrey, Senior Director of security at Auth0 commented on their experience with the Irish start-up,
“As a company undergoing significant growth, we need to scale our threat detection and response through automation. Human security resources are finite and valuable, so having them working on the right things is critical. We use Tines to consume alerts from both the commercial and bespoke technologies in our detection stack. This allows us to quickly enrich every alert with missing context, auto-close false positives, deduplicate based on Indicators of Compromise and automate response.”
Mr. Hinchy said that Tines customers are “some of the most attacked companies in the world, including: Fortune 10’s, global banks and public and private SaaS companies. What attracts them to us is the fact that our platform allows security analysts with no development or engineering background automate almost any workflow regardless of complexity or technology integration”.
Global spending on cybersecurity products and services is expected to exceed $1 trillion cumulatively over the five-year period from 2017 to 2021.
Tines has set the wheels in motion for its business to leverage off this forecast and it expects to grow considerably over the next 18 months, with plans to double its workforce by the end of 2019.