First Secure Hadoop Solution for Financial Services Customers
SEATTLE–(BUSINESS WIRE)–February 11, 2014–
Context Relevant, a developer of trusted ‘big data’ analytics software that solves daunting business problems and uncovers new profit opportunities, today announced a strategic partnership with White House national security expert Richard Clarke and his cybersecurity consulting firm, Good Harbor Security Risk Management.
Context Relevant is ideal for security-sensitive deployments because it is the first big data analytics application to enable machine learning on fully encrypted data without decryption. Hadoop is a centralizing point in many enterprises for big data, and competitive solutions all require the decryption of information in order to build predictive analytic models.
Richard Clarke will also join Context Relevant’s Advisory Board, which currently includes Mike Kail of Netflix, Darren Vengroff, chief scientist at RichRelevance, David Farber, professor at Carnegie Mellon University, and Gary Kazantsev of Bloomberg.
The two companies are combining forces to help customers address some of the most difficult and urgent data security breaches, possible compliance violations, cross-border data residency laws, and other threats that are emerging from massive data analytics being performed on architectures like Hadoop.
Context Relevant contributes its uniquely powerful data analytics engine – delivering predictive analytics solutions for understanding customer behavior, including impersonation and identity theft. Good Harbor offers its expertise on how corporations and governments manage their cybersecurity risks.
“Cybersecurity is both a national security and an economic challenge that the U.S., its allies, governments and companies face today,” said Richard Clarke, chairman and CEO of Good Harbor Security Risk Management. “One of the greatest obstacles to conquering cybersecurity is the challenge of analyzing the enormous amount of data that is required to adequately combat specific threats. That’s where Context Relevant and its highly credentialed team of experts in data science come into play. Their technology will be a force multiplier to help organizations avoid massive data security issues.”
This timely partnership comes as several major retailers, banking institutions and entire nations like South Korea and Germany are dealing with aggressive and financially disruptive attacks by cyber terrorists. According to the FBI, cyber attacks are surpassing terrorism as the U.S.’ major domestic threat. In fact, data breaches are among the most common and costly security failures in organizations of any size, with companies being attacked an average of two million times a week. 1
Additionally, Good Harbor’s recent report titled, “Securing Cyberspace Through International Norms,” highlighted the fact that, “Cyber crime, cyber espionage, and even cyber war have in recent years become issues of immediate concern to senior government leaders and industry executives, threatening to undermine the great benefits of a globally networked society. Cyber criminals have stolen hundreds of billions of dollars worth of personal, business-sensitive, and financial information, largely from the private sector.”2
“Companies need their data analysis to work faster and smarter than the malware and deep persistent threats that attack them. Every few milliseconds, our machine learning software is already doing what other data analysis models take weeks and even months to do. If you put that in terms of security breaches, time is money – and lots of it,” said Stephen Purpura, CEO and co-founder of Context Relevant. “We have the technology, and with the addition of Richard Clarke to our Advisory Board and our partnership with Good Harbor, we now have the cybersecurity expertise to offer clients comprehensive solutions. We’re thrilled to work with Clarke and to tap into his vast knowledge.”
Richard Clarke, Stephen Purpura and other key members of the Good Harbor and Context Relevant teams began their nine-year relationship during their time at the Harvard Kennedy School in Cambridge, Mass. Clarke was teaching a course on National Security Program Management and Purpura and others were students. Clarke was already an internationally recognized expert on cybersecurity, homeland security, national security, and counterterrorism. He served the last three Presidents as a senior White House Advisor, including as Special Advisor to the President for Cyber Security and National Coordinator for Security and Counterterrorism.
Stephen Purpura’s resume includes more than 20 years of data science, invention, advanced academic achievement and software product development. He is recognized as a leading expert in the fields of machine learning, micro-targeting and predictive analytics.
About Context Relevant
Context Relevant delivers predictive analytics apps based on models that can predict changes in your operations, your customers, your product pricing and even what your IT systems are about to do. To find answers from your data faster, easier, and more cost effectively than ever before, email us at BigData@contextrelevant.com, call us at 800-980-DATA, or visit us online at contextrelevant.com.
About Good Harbor Security Risk Management:
Good Harbor works with senior corporate executives, investment professionals, and government leaders to assess and develop strategic cybersecurity programs that mitigate organizational risk in the face of advanced cyber threats. Good Harbor’s consulting services include the Executive Cybersecurity Risk Profile and Action Plan as well as specialized services in Cyber Diligence, threat awareness, NIST Cybersecurity Framework risk assessment, strategy and governance, crisis management and communications, and market development. The firm is led by Chairman Richard A. Clarke, a former, senior White House advisor on cybersecurity, counterterrorism, and national security, and the author of Cyber War: The Next Threat to National Security and What To Do About It. To learn more about Good Harbor, visit http://www.goodharbor.net
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