Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

6/24/2009
08:04 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Texert Acquires GE's Anomaly Detection Technology

ADT can be used in cybersecurity applications to provide near real-time risk warnings and alerts for monitoring systems and networks

DALLAS, June 24 /PRNewswire/ -- The human eye cannot recognize the anomaly you just read. Every seventh word in this press release could be one one-hundredth smaller than every other word. Identifying patterns of significance from minimal data sets has profound implications for uncovering inefficiencies or fraud within a technologically complex world and requires locating granular differences, differences that at first glance may seem insignificant.

Texert, an innovative enterprise risk management software provider, recently closed the deal to acquire a license to GE's Anomaly Detection Technology (ADT). ADT is innovative, patented software that was developed upon years of research and development at the GE Global Research Center in Niskayuna, NY.

"We are pleased to work with Texert and New Venture Partners to bring this proven, patented technology to the commercial marketplace. There are limitless applications utilizing ADT to enable corporations to manage risk and compliance," stated Rusty Irving, GE Global Technology Leader for Computing and Decision Sciences.

ADT can be used in cyber-security applications to provide near real-time risk warnings and alerts for monitoring systems and networks.

Some additional applications include the detection of questionable securities trading patterns or identification of anomalies in major utility projects. ADT enables proactive business critical responses while optimizing current strategies. Fund managers, banking institutions, energy and utility providers, health care companies, and federal agencies will benefit from the greater analysis, accurate interpretation, and early anomaly detection.

ADT forms the basis for Texert's innovative new RiskPredictor(TM) product. RiskPredictor complements Texert's J-Port(R) GRC offering and provides Texert with the most advanced, next-generation solution to enable corporations to manage risk more effectively, meet regulatory requirements, and improve business performance. RiskPredictor securely enables the corporate enterprise with early warning risk detection capabilities.

Texert's RiskPredictor provides:

-- Comprehensive risk forecasting and predictive capabilities, -- Accurate pinpoint of risk anomalies using small data sets (as few as 5 to 8), -- Clearer interpretation of anomalies through advanced implementation of Z-scores, -- Patented algorithms to identify hidden patterns within anomalies, and -- Solutions to communication failures for complex and hidden risk.

"Leveraging New Venture Partners' relationship with GE to acquire and commercialize this patented anomaly detection technology is further evidence of Texert's commitment to help corporate enterprises transform current risk management approaches," stated T. Curtis Holmes, President and CEO, Texert. "We are very excited about the role that RiskPredictor will play in leading the way to early warning risk detection."

About Texert

Texert is a leading provider of enterprise risk management (ERM) software solutions. Texert's J-Port(R) GRC is the next-generation Governance Risk and Compliance solution that enables a comprehensive, intelligent view of risk across the entire organization. Global customers spanning various industry verticals are utilizing Texert's J-Port (R) GRC software to consolidate risk assessments, governance and internal controls into a synchronized risk-aware platform.

For more information please contact us at [email protected] or visit our website, www.texertinc.com .

About GE Global Research

GE Global Research is one of the world's most diversified industrial research labs, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation technology, jet engines and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India, Shanghai, China and Munich, Germany. Visit GE Global Research at www.ge.com/research.

About New Venture Partners

New Venture Partners LLC, the global venture capital firm dedicated to corporate technology spinouts, has over $700 million under management. New Venture Partners provides a bridge between technology corporations and traditional venture capital. Through its unique, hands-on approach, the firm offers a systematic process for commercializing innovations and provides an alternative path to market for corporate technologies.

The New Venture Partners team has completed over 50 spinouts from the R&D labs and business units of global technology corporations including Lucent/Bell Labs, British Telecom, Philips Electronics, Agere, Boeing, Freescale Semiconductor, Intel, Telstra, and others, and has become the benchmark for corporate spinout venturing. www.nvpllc.com

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 6/5/2020
How AI and Automation Can Help Bridge the Cybersecurity Talent Gap
Peter Barker, Chief Product Officer at ForgeRock,  6/1/2020
Cybersecurity Spending Hits 'Temporary Pause' Amid Pandemic
Kelly Jackson Higgins, Executive Editor at Dark Reading,  6/2/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: What? IT said I needed virus protection!
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13864
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from a stored XSS vulnerability. An author user can create posts that result in a stored XSS by using a crafted payload in custom links.
CVE-2020-13865
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from multiple stored XSS vulnerabilities. An author user can create posts that result in stored XSS vulnerabilities, by using a crafted link in the custom URL or by applying custom attributes.
CVE-2020-11696
PUBLISHED: 2020-06-05
In Combodo iTop a menu shortcut name can be exploited with a stored XSS payload. This is fixed in all iTop packages (community, essential, professional) in version 2.7.0 and iTop essential and iTop professional in version 2.6.4.
CVE-2020-11697
PUBLISHED: 2020-06-05
In Combodo iTop, dashboard ids can be exploited with a reflective XSS payload. This is fixed in all iTop packages (community, essential, professional) for version 2.7.0 and in iTop essential and iTop professional packages for version 2.6.4.
CVE-2020-13646
PUBLISHED: 2020-06-05
In the cheetah free wifi 5.1 driver file liebaonat.sys, local users are allowed to cause a denial of service (BSOD) or other unknown impact due to failure to verify the value of a specific IOCTL.