Much More Difficult ‘Verifying Bad Actors’: Cognyte CEO

Well-organized, well-funded cyber adversaries “are becoming harder to detect, as they take advantage of the latest technologies to hide in the shadows,” said Cognyte Software CEO Elad Sharon on a call Monday for fiscal Q2 ended July 31. The company markets an “open analytics” security platform. There’s a growing volume and diversity of “structured and unstructured data” for bad actors to attack, said Sharon. Data is being “augmented and spread across organizational silos, making investigations more difficult,” he said. “Many customers recognize that homegrown solutions can no longer keep pace with these evolving security challenges.” Cybercriminals are attacking more frequently, with methods “becoming more and more sophisticated, making verifying bad actors much more difficult,” said the CEO.