Rising cyber threats and regulatory requirements
Cyber threats are increasing worldwide and cyber attacks are becoming more and more complex. The need and demand for cyber security solutions and the development of strong cyber resilience on the part of companies and authorities are correspondingly high. In addition, the demand for cyber security experts continues to rise sharply. This situation requires the deployment of a SOC, a cyber security control centre for the rapid detection, analysis and handling of security incidents, across all industries. RADAR accompanies well-known customers in the manufacturing industry, in KRITIS companies such as the financial and energy sectors, in trade and the public sector with its turnkey solutions for cyber security. In addition, managed security service providers or large customers who want to set up their own cyber defence centre can purchase the SOC solution on a licence basis.
Various regulations explicitly require the establishment of a SOC or the use of SOC services. These include the IT Security Act, the minimum logging standards of the BSI (Federal Office for Information Security), the insurance and banking supervisory requirements for IT of the Federal Financial Supervisory Authority (BaFin), in short VAIT and BAIT, the UNECE World Forum for Harmonization of Vehicle Regulations and other IT security requirements of the regulated market. Accordingly, the demand for managed security services (SOC as a service) will also increase disproportionately in Germany.
Serving the interface between service management and SOC
An important lever for the detection of cyber attacks is the integration of a SOC or the incidents detected from it into the service management. “The combination of the cyber security and service management solution offering is a unique selling point of RADAR and Materna. Materna has been one of the leading providers of consulting, solutions and technologies for service management for decades,” says Uwe Scariot, the board member responsible for enterprise service management and Materna’s cross-market services.
The cross-company processing of incidents is becoming increasingly important, especially in the security sector, and is also required by the regulatory authorities. The fast and precisely traceable analysis, reaction and elimination of security incidents between (external) security specialists, company representatives and IT providers is essential for risk reduction. The combination of service management solutions and SOCs brings a central simplification and possibility to establish a central Security Orchestration & Automated Response (SOAR) solution for this area of case management including all necessary KPIs and reports.
RADAR’s Cyber Security Platform
RADAR’s Cyber Security Platform integrates the technology for security detection and response as well as all the components needed to work in a SOC. From Big Data analytics to customised reports in the Risk & Security Cockpit, it enables security analysts and SOC operation managers to detect state-of-the-art cyber threats. RADAR Cyber Security relies on a holistic model of attack detection and assessment based on a proven Advanced Correlation Engine. With its SOC as a Service services, RADAR offers its customers a more than ten-year proven approach to the application of the technology and can quickly introduce and establish a SOC. Complementing this, the company offers training for all areas of a SOC operator.
Materna’s Mission 2025
The acquisition of RADAR is a continuation of the “Mission 2025” growth strategy. The aim of Mission 2025, which was launched in spring 2021, is to increase the Materna Group’s turnover to over 700 million euros by 2025 and to increase the number of employees worldwide to over 5,000. In the course of this, the Materna Group has sharpened its portfolio in the focus areas of cyber security, Journey2Cloud, enterprise service management and public sector, among others, and is consistently aligning it with market requirements. In the course of this year, Materna had already acquired the companies TraffGo Road GmbH, Virtual Solution AG and Trebing + Himstedt Prozeßautomation GmbH & Co. KG.