Illusive Solidifies Leadership in Deception-based Cybersecurity Market with Triple-Digit 2017 Growth
Massive Scalability, Explosive Growth, Fortune 50 Customers, Award-Winning Technology, and Expanding Leadership Team Highlight Breakout Year for Innovator in APT Detection Software
New York and Tel Aviv, January 16, 2017 – Illusive Networks, the leader in deception-based cybersecurity and Advanced Persistent Threat (APT) solutions announced it has achieved triple-digit growth in global 2017 bookings compared to its already strong 2016 performance. Furthermore, this breakthrough in results, combined with massive scale, industry-wide implementation, and very large enterprise adoption, has led to expansion of the company’s executive leadership team.
The impressive 2017 growth was driven by new and existing clients adopting Illusive’s Deception Everywhere® approach in their efforts to thwart Advanced Persistent Threats. Building on the company’s successful 2016 release of Wire Transfer Guard, a solution for APT’s targeting SWIFT and other money funds transfer systems, the Feb. 2017 release of the Illusive Deception Management System (DMS) further fueled growth by harnessing advanced machine-learning capabilities to automate creation, deployment, and updates to deceptions at massive scale.
“In 2017, a new level of attack sophistication including the widespread adoption of nation state hacking tools and technologies – including use by private criminal organizations – generated headline news, and drove enterprises to seek new approaches to APT defense” said Ofer Israeli, CEO at Illusive. “Clients worldwide are now embracing Illusive’s distributed agentless deception technology to enhance their APT security posture, increase security team efficiency, and reduce business risk.”
According to Gartner, “In 2017, the threat level to enterprise IT continues to be at very high levels, with daily accounts in the media of large breaches and attacks. As attackers improve their capabilities, enterprises must also improve their ability to protect access and protect from attacks. Security and risk leaders must evaluate and engage with the latest technologies to protect against advanced attacks, better enable digital business transformation and embrace new computing styles such as cloud, mobile and DevOps.”*
Illusive’s experience in 2017 indicates that enterprises are rapidly moving from proof of concept to implementation of deception-based cybersecurity at scale. With seven US patents granted, a diverse client base including several multi-million dollar installations, and deployments scaling endpoints to hundreds of thousands per customer, the company is seeing broad adoption across many industries including financial, healthcare, retail, manufacturing, legal, and technology.
This market-driven growth has also resulted in a major expansion of Illusive’s leadership team including the following newly appointed executives:
- Kirby Wadsworth, CMO, has undertaken executive marketing roles for a host of both venture-backed startups and global technology leaders including Bayshore, Mendix, Limelight, and F5 Networks
- Kirk Appelman, VP North America Sales, previously served as VP Sales for Cynet, CounterTack, and Damballa
- Ivan Foreman, VP Sales EMEA, previously held executive sales positions at Wandera, Cisco, and Scansafe
- Gil Shulman, VP Product, previously held senior product roles at Check Point, Radware, and Verint
A Year of Successes
In early 2017, Illusive announced a funding round lead by Microsoft Ventures, followed by a collaboration with Intel to develop an innovative approach to combating Advanced Persistent Threats that combines both software and hardware competencies.
Dave DeWalt, former CEO of FireEye and McAfee, was appointed Vice Chairman, and Mandiant VP, Charles Carmakal, joined as an Advisor, both providing deep insight in the cybersecurity market landscape.
Bolstering its core solution, Illusive streamlined the adoption process by adding advanced machine learning capabilities which preemptively identify attack pathways and autonomously create best-fit deceptions based on continuous real-time environment analysis.
Building on the success of 2016’s Wire Transfer Guard, 2017 brought new solution offerings including:
- Mainframe Guard – protecting mainframe systems and critical business services
To help customers minimize manpower and significantly reduce cost and time required to manage high impact incidents, an external forensics API, risk metrics tool, and dashboard were released. These capabilities help SOC teams quantify advanced attack risk, expedite investigation, and prioritize remediation.
During 2017, the company received recognition by The Wall Street Journal in its inaugural Tech Companies to Watch, was honored as a finalist in CRN’s Tech Innovators Awards, named as one of CRN’s ’25 Coolest Network Security Vendors’, by Momentum Partners as one of ten cybersecurity companies on their Watch List and more recently, by InformationWeek as a Top Vendor to Watch in 2018.
*Gartner Press Release, “Gartner Identifies the Top Technologies for Security in 2017,” 14 June 2017. https://www.gartner.com/newsroom/id/3744917.