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WATERLOO, Ontario, November 18, 2021--(BUSINESS WIRE)--Magnet Forensics, a developer of digital investigation solutions used by more than 4,000 public and private sector organizations in over 90 countries, is delivering meaningful results for leading enterprises in the technology, healthcare, financial and professional services sectors in the fight against cybercrime.
Magnet AXIOM Cyber was purpose-built to empower enterprises to investigate and respond to cybersecurity incidents. Many of the world’s largest corporations are now using AXIOM Cyber to investigate fraud, IP theft, employee misconduct and data breaches, including ransomware, business email compromise and insider data exfiltration.
"What makes Magnet AXIOM Cyber so valuable to conducting post-incident analysis is its versatility," said Bill Odom, co-founder of eDiscovery firm Orbital Global and former senior manager of forensic investigation and dispute services with EY. Prior to joining the private sector, Odom served as a special agent with the FBI. "Magnet AXIOM Cyber gives us the ability to track the magnitude of the damage of a cyber attack by covertly and remotely connecting to compromised systems on or off corporate networks in multiple locations, acquire data from services like Microsoft 365 and Google Workspace to identify threat vectors and move the evidence we recover into a legal environment for eDiscovery. Carrying out these functions helps us to keep businesses running and accelerate their recovery after they suffer cyber incidents."
When cybercriminals breach their defenses, enterprises are increasingly turning to digital forensics for post-incident analysis to reveal the origin of the incident, the methods used to carry it out and the damage done. Since launching Magnet AXIOM Cyber in early 2020, Magnet Forensics has continued to innovate and give corporate investigators the tools they need to protect enterprises. With Magnet AXIOM Cyber, enterprises are now:
Performing covert, remote acquisitions from Windows and Mac systems, even when they aren’t connected to a corporate network
Collecting data from cloud-based communication services like Microsoft Teams and Slack and storage services such as Microsoft Azure and Amazon Web Services
Running digital forensic analyses in cloud-based environments
Recovering and analyzing digital evidence from Linux systems
Supporting eDiscovery review platforms such as Relativity and Concordance
"Enterprises are permanently shifting to hybrid models that involve employees working from home and it’s making them more vulnerable to cybercrime than ever before," said Magnet Forensics chief executive officer Adam Belsher. "Cyberattacks are no longer a possibility, they’re an inevitability. Magnet AXIOM Cyber is helping corporations stop further damage and understand how their systems were breached so that they’re well positioned to secure their assets and can focus on being better prepared to face the next attack."
Magnet AXIOM Cyber has played a central role in helping investigators make a difference during post-incident analysis. A department store chain with 100,000 employees recently used Magnet AXIOM Cyber to identify where a phishing campaign, which resulted in a business email compromise, first breached the company’s systems. An energy and defense corporation with 15,000 employees leveraged Magnet AXIOM Cyber to track a malware infection in its systems and identify what data was lost. A financial services company with 30,000 employees turned to Magnet AXIOM Cyber to remotely acquire explicit images that one employee sent to another to prove the legitimacy of a harassment complaint.
ABOUT MAGNET FORENSICS
Magnet Forensics is a developer of digital investigation software that acquires, analyzes, reports on, and manages evidence from computers, mobile devices, IoT devices and the cloud. The company’s software is used by more than 4,000 public and private sector organizations in over 90 countries and has been helping investigators fight crime, protect assets and guard national security since 2011.
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