NetGuardians has been designated as Cool vendor.
Analysis by: Khushbu Pratap
NetGuardians combines the data capture capability of a Security Incidents and Events Management (SIEM) solution into an operational risk assessment application, and layers it with the capability to associate user behaviors to core business transactions.
This feature helps detect employee collusion that is not seen in other products on a single platform in the related markets.
The vendor plays in a niche area overlapping with several markets— operational risk assessment, transaction controls monitoring, and continuous audit.
Their vertical-specific content delivered as out of the box controls gives audit and compliance professionals a head start in identifying operational risk and detecting fraud.
The cool feature about data capture is that the product is configured to poll for changes and does not seek to copy the entire data set at regular intervals. While this a common feature for SIEM products it is not usually seen in transaction controls monitoring and continuous audit software.
NetGuardians has a unique proposition that can benefit large, mid-sized, and small enterprises across verticals but their current focus limits operations to mid-sized banking and financial institutions in the EMEA region.
WHO SHOULD CARE
CIOs, CISOs, internal auditors, and compliance professionals in the banking, and financial services industries who want to use a light-weight software to combine transaction monitoring with behavior analysis for employees and third parties causing minimal impact on the performance of the applications.