Cybersecurity F-Secure closes €2m+ deal to protect an unnamed European client

Helsinki-based F-Secure has closed a major deal which will see it utilize its cyber-attack detection software Countercept to protect a big European enterprise.

While not naming the client, F-Secure revealed that the deal is worth more than €2m. According to Tim Orchard, managing director of F-Secure, the deal is evidence for how impressive Countercept is. “It’s not just the technical capabilities or the ability to detect the world’s most sophisticated cyber-attacks, companies love knowing Countercept takes control and guides the response to cyber incidents,” Orchard explained.

Arguing the need for F-Secure’s solution, the company highlighted how only three per cent of hack attacks are detected within minutes and that 68 per cent even went undiscovered for months, according to Verizon’s Data Breach Investigations Report 2018.

“What sets Countercept apart is a commitment to helping clients understand and respond to any incident with confidence,” Orchard said. “First, you need to detect attacks fast and then have the right countermeasure in place – we call it continuous response.”

Commenting on the growing capabilities of hackers, Orchard said: “We work even harder than the attackers to detect even the most sophisticated adversaries. But it’s just as important to us that Countercept acts as an extension of our clients’ security teams, allowing us to flexibly defend their business together based on their needs and skills.”

According to the Finish company founded in 1988, top “banks, airlines, and enterprises trust our commitment to beating the world’s most potent threats.”

Back in June 2018, F-Secure strengthened its commitment to protecting financial service providers and other companies from laptop-wielding larcenists by acquiring MWR InfoSecurity, the cybersecurity, for £80m.

Copyright © FinTech Global 2019

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