NIKSUN: Pioneering the Future of Network Security and Monitoring
PRINCETON, N.J.--(BUSINESS WIRE)--
Inc., the world leader in real-time and forensics-based
cybersecurity and network monitoring solutions, announced today that CIO
Review Magazine has highlighted NIKSUN as a contributing factor in
busting up one of the most massive cybersecurity rings to date.
Today, in 2013, NIKSUN
can safely disclose the details of the incident that happened in
2004-2005. In that year, the United States Secret Service (USSS) was
overwhelmed by an international group of cyber criminals who had created
a stir in the banking fraternity by hacking into databases and stealing
close to 1.7 million credit card numbers. Millions were lost and the
potential threat was estimated to amount close to billions. W. Ralph
Basham, the Director of the USSS at the time (2003-2006), got word of a
company that was engaging in network monitoring solutions to secure
critical infrastructure. After a meeting behind closed doors, Dr.
Parag Pruthi, Founder & CEO of NIKSUN, was entrusted with
building a solution to tackle these infringements. Dr. Pruthi and his
group of engineers were able to design and deliver a product to the USSS
with the technology to lawfully intercept and analyze large amounts of
data streaming through networks.
"Through his efforts we were able to take down an international
organization that consisted of over 28 different entities in six
different countries around the world. It literally saved billions of
dollars in losses around the world," explains commissioner Basham on the
effectiveness of NIKSUN’s prototype for the government. Commissioner
Basham later credited Dr.
Pruthi’s service to the nation, saying, “Had it not been for his
ability ... I fear that we would still be working with this problem."
You can watch a short video on Commissioner Basham’s comments here.