18.08.2022 Field Effect Covalence® wins in Aite-Novarica Group’s 2022 Impact Awards in Cybersecurity

by Field Effect

Innovative managed detection and response (MDR) product recognized as Best Enterprise Machine Learning Solution

Field Effect has been recognized as an industry leader by global advisory firm Aite-Novarica Group. Field Effect Covalence, a managed detection and response (MDR) solution, is a winner of Aite-Novarica Group’s 2022 Impact Awards in Cybersecurity for Best Enterprise Machine Learning Solution.

Aite-Novarica Group’s Impact Awards in Cybersecurity highlight organizations leading the industry and pioneering new and disruptive cybersecurity tools and services. The Best Enterprise Machine Learning Solution award recognizes a product containing an AI/ML engine that can monitor activity in an organization and create alarms or act to autonomously protect assets.

Field Effect Covalence Award in Aite-Novarica Group's 2022 Impact Awards

We’re thrilled to be receiving this award from Aite-Novarica Group,” said Matt Holland, Field Effect’s Founder, CEO, and CTO. “Covalence is powered by an advanced machine learning engine, backed by a team of analysts with unparalleled cybersecurity experience. This unique combination of technology and human intelligence sets Covalence apart from every other cybersecurity solution on the market today and provides our customers with better protection, lower risk, and peace of mind.

Covalence is a holistic MDR solution that detects and addresses threats and vulnerabilities across the entire IT environment—endpoints, networks, and cloud services. The company’s line of products and services, sold directly to businesses in multiple industries as well as to managed service providers (MSPs) and other IT channel professionals, also includes its award-winning simulation-based training platform (Cyber Range) and a suite of professional services, including incident response (IR).

SMEs have been woefully underserved regarding cybersecurity solutions to protect their business,” said Tari Schreider, Strategic Advisor for Aite-Novarica Group. “Field Effect’s hands-free MDR solution brings affordable business protection to the SME market. SMEs can now have the same efficacy of data protection that only the Fortune 1000 can afford.

The Impact Awards in Cybersecurity are based on level of innovation, competitive advantage, market need, risk mitigation, impact on customer experience and operational efficiency, integration and scalability, and future roadmap. The winners were selected by a global panel of cybersecurity experts. “Their innovations are bringing the financial services industry one step closer to stopping illicit cyber activity,” said Aite-Novarica Group. “They are the security companies that others will follow.”

About Aite-Novarica Group

Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts.

About Field Effect

Field Effect, a global cyber security company, is revolutionizing the industry by bringing advanced cyber security solutions and services to businesses of all sizes. After years of research and development by the brightest in the business, we have pioneered a holistic approach to cyber security. Our complete Managed Detection and Response (MDR) solution, flexible simulation-based training platform, and expert-led professional services form a unified defence that results in superior security, less complexity, and immediate value. We build solutions that are sophisticated, yet easy to use and manage, so every business owner can get the hands-free cyber security they expect and the sleep-filled nights they deserve.

 

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