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IDT Corporation Selects ShieldX to Secure Cloud Investments

November 14, 2018

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov 14, 2018--ShieldX Networks (ShieldX), the leader in elastic security, today announced that IDT Corporation (NYSE: IDT), a global provider of communications and payment services, selected ShieldX to effectively segment and secure its corporate infrastructure, specifically for its cloud investment, which is becoming a growing attack surface for advanced attacks and APTs, propagated via lateral movement. As a result, the switch from a traditional firewall provider to ShieldX’s unique approach to the cloud, led to a 30 percent decrease in cost of operations.

“When exploring options from traditional network-based solutions, many vendors overloaded us with alerts, and weren’t architected for security in a way that closed gaps and scaled with our business. We needed something new,” said Golan Ben-Oni, global chief information officer at IDT. “ShieldX’s forward-thinking method of protecting the cloud led us to an improvement in our security effectiveness and we’ve already seen a reduction in our operation costs. As we continue to replace dated, ineffective investments with ShieldX’s elastic security, we’re anticipating a 50 percent reduction in cost.”

In May 2017, IDT fell victim to a well-known, global, ransomware attack. As a former victim of a cybersecurity incident, IDT took a future-facing approach to the cloud and placed an emphasis on security, making it a priority to select a scalable solution; one that allowed it to invest in its cloud infrastructure as it continues to expand for business innovation. This new strategy empowered IDT to fully embrace the benefits of the cloud. However, traditional solutions lacked the innovation to effectively address IDT’s growing needs.

ShieldX’s elastic security solution, the Adaptive Intention Modeling Engine, works natively and uniformly at scale across environments, and doesn’t force IDT to compromise business with unacceptable trade-offs between performance, cost and risk. In just a short time, ShieldX was able to automate key functions, allowing IDT to do more with less – incorporating Artificial Intelligence into its protection capabilities and improving business operations, while reducing alerts and management oversight requirements.

“Many traditional vendors claim effective cloud security, but their solutions use network-based capabilities that are ineffective in dynamic cloud environments, which require tools that improve business operations rather than disrupt them,” said Ratinder Ahuja, Founder and CEO of ShieldX. “We applaud IDT for its innovative method of securing the cloud. Golan Ben-Oni’s visionary approach is setting the standard for the security industry and we look forward to a sustained relationship with him and IDT.”

To learn more about ShieldX and its revolutionary way of approaching security in the cloud, visit https://www.shieldx.com/.

About ShieldX

ShieldX makes security the easiest thing enterprises do in the cloud. ShieldX is a cloud-native network security platform that elastically delivers a full stack of agentless security controls--IPS, firewall, malware prevention, microsegmentation and more--to protect data centers, cloud infrastructure, applications and data. Our driving philosophy is to bring cloud speed, scale and orchestration into the hands of security. Based on cloud agnostic microservices technology, ShieldX ensures security understands and maintains vigilance over cloud operations and workflows by continuously translating a security’s intention into controls as cloud infrastructure rapidly evolves. Today, our customers, such as Alaska Airlines and IDT, have saved millions by eliminating control sprawl and consolidating processes to dramatically reduce tactical systems management.

About IDT Corporation:

IDT Corporation  (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its flagship Boss Revolution ®  and net2phone ®  brands. IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls. For more information on IDT, visit  www.idt.net.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005116/en/

CONTACT: Joyson Cherian

W2 Communications

703-877-8104

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SECURITY

SOURCE: ShieldX

Copyright Business Wire 2018.

PUB: 11/14/2018 09:00 AM/DISC: 11/14/2018 09:01 AM

http://www.businesswire.com/news/home/20181114005116/en

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