WATERLOO, Ontario – Magnet Forensics (TSX: MAGT), a developer of digital investigation solutions for more than 4,000 enterprises and public safety organizations in over 90 countries, today announced the release of Magnet AUTOMATE Enterprise, a solution that is transforming how organizations respond to security events by automating and accelerating cybersecurity investigations.

Leveraging automation technology, Magnet AUTOMATE Enterprise synchronizes detection and incident response solutions to immediately trigger investigations, automates basic and repetitive tasks and enables forensic analysts to simultaneously recover and process evidence from multiple endpoints. This approach reduces the time enterprises need to respond to and recover from cybersecurity incidents.

“Cybercriminals have placed enterprises squarely in their sights and are increasing the volume and complexity of their attacks in order to exploit valuable intellectual property and other resources for their personal gain,” said Adam Belsher, chief executive officer of Magnet Forensics. “With Magnet AUTOMATE Enterprise, businesses can rapidly respond to ransomware, business email compromise, insider threats and other security incidents with newfound efficiency that will save hours of operational downtime, accelerate recovery and increase cyber resilience.”

It takes only minutes, not hours, for cybercriminals to penetrate the defenses of enterprises. According to Microsoft, some ransomware attacks are completed in under 45 minutes. Once access is gained, ransomware requires only three seconds to begin encryption. The response time to security incidents, however, is often slowed because forensic analysts need to manually launch each step of an investigation. Hours are lost as investigations stall between shifts, in evenings, on weekends and during holidays. Every additional second required to respond to a cybersecurity incident not only gives cybercriminals the opportunity to potentially steal more data, but it also increases the downtime for enterprises, which could cause monetary and reputational damages.

With Magnet AUTOMATE Enterprise, organizations can reduce the time it takes to respond to cybersecurity incidents from days to hours by:

Automating the basic and repetitive tasks performed by a manual user to keep investigations running 24/7/365 without human intervention

Enabling the integration of Endpoint Detection and Response tools and Security Information and Event Management tools with post-incident solutions to automatically trigger investigations

Performing simultaneous remote acquisitions to collect and process evidence from multiple computers

Concurrently processing evidence from computers, mobile phones, cloud storage environments such as Amazon Web Services and Microsoft Azure and communication services such as Microsoft Teams and Slack

“Magnet AUTOMATE Enterprise was purpose-built to sharply reduce the time it takes for security teams to respond to threats,” said Stephen Boyce, Magnet Forensics’ director of digital investigations, who supported and led cyber investigations for more than 10 years at public and private sector organizations such as the FBI and Unit 42 by Palo Alto Networks. “Automating the initial stages of cybersecurity investigations will make security operations more efficient, allow analysts to recover evidence faster than they ever could and permit them to focus on analysis so that they can get answers to stakeholders as quickly as possible."

For more information, visit magnetforensics.com or sign up to attend Magnet Forensics’ webinar, Introducing Magnet AUTOMATE Enterprise, on Feb. 16. The webinar will begin at 11 a.m. in EST, PST, AEDT and CET time zones.

About Magnet Forensics

Founded in 2010, Magnet Forensics is a developer of digital investigation software that acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services. Magnet Forensics’ software is used by more than 4,000 public and private sector customers in over 90 countries and helps investigators fight crime, protect assets and guard national security.

Contact

Neil Desai

Tel: 226-243-6337

PR@magnetforensics.com