Panda Security

Panda Security SL
Private
Industry Computer software
Founded 1990
Headquarters Bilbao and Madrid, Spain
Products Antivirus, firewall
Spam and spyware detection
Security and management tools
Website PandaSecurity.com

Panda Security is a Spanish company specialized in creating IT security solutions. Initially centered on creating antivirus software, the company has since expanded its line of business to advanced cybersecurity services with technology for preventing cybercrime.

Their patented technology TruPrevent, a set of proactive capabilities aimed at blocking unknown viruses; and the Collective Intelligence model, the first system that can automatically detect, analyze and classify malware in real-time; have been the precursors to the new Adaptive Defense security model that assures the complete classification of all active processes on the system.

Panda Security products include security solutions for both businesses and home users, and provide protection tools for systems, networks, emails and other private information for system management and control.

About the company

In 2005, Panda Security was the fourth largest antivirus vendor worldwide, with 3.2% of the marketplace.[1] In November 2015 OPSWAT measured Panda Security's market share to be 3.6%.[2] The company, whose shares were previously 100% held by Urizarbarrena, announced on 24 April 2007 the sale of 75% of its shares to Southern European investment group Investindustrial and private equity firm Gala Capital.[3] On 30 July 2007 the company changed its name from Panda Software to Panda Security and Urizarbarrena was replaced by Jorge Dinares. Almost one year later, on 3 June 2008, amidst flagging sales, the board of directors voted to remove Dinares and replace him with Juan Santana, the CFO.[4][5] Santana resigned in September 2011 and was replaced by José Sancho as acting CEO.[6]

Panda Security is rated by Gartner analysts as a technology innovator.[7] Technological milestones include its pioneering launch of security systems, such as the SaaS concept (Security as a Service) or antivirus solutions that provide protection from the cloud (cloud computing) and are based on what Panda calls Collective Intelligence, a security model Panda introduced on the market in 2007.[8]

According to its CEO, the main benefit this security model provides is that it allows automatic scanning of threats instead of the manual scans carried out by other companies,[9] making it quicker and more efficient in malware detection.

Panda Security has subsidiaries in the US, Germany, Austria, Belgium, the Netherlands, France, UK, Sweden, Finland, Spain and Japan. Additionally, it has franchises in another 44 countries. The US subsidiary has had five management turnovers since 2007[10] before moving its headquarters to Orlando, Florida in 2009,[11]

In late 2009 Panda Security created a partnership with Web of Trust to help fight against the war of viruses.[12]

Panda was previously embroiled in a lawsuit with one of its channel partners, External Technologies, Inc. In 2013, Panda prevailed in its lawsuit against External Technologies, recovering a judgment in excess of $100,000 and prevailing on all claims asserted by External against Panda.[13] On 3 August 2010, a new office location in Menlo Park, California was publicly announced by Panda's CEO via his Twitter account.[14]

In 2012, Panda Security was the tenth largest antivirus vendor worldwide, with 2.0% of the marketplace.[15]

PandaSecurity is one of the two Spanish companies that appear on the 2013 Truffle Top 100 ranking for software developers in Europe.

Panda Security is one of the world's top ten leading software development and IT protection companies, according to the report from 2013 report La empresa española en el mundo, which was carried out by the Ministry of Foreign Affairs and Cooperation.

Highlights of its technological achievements include being a pioneer in the launch of security systems such as SaaS (Security as a Service) and an antivirus that allows for protection from the cloud (cloud computing). These landmarks are based on what Panda refers to as Collective Intelligence, a security model that Panda presented to the marketplace in 2007.

The main benefit of this security model is that, according to Panda’s CEO, it allows for an automatic analysis of threats. This differs to the manual analysis of malware offered by rival companies, and allows Panda to offer a faster and more efficient detection of malware.

Panda Security competitors in the antivirus industry include Symantec Corp, Kaspersky, F-Secure Corporation, McAfee Inc. and Trend Micro Inc., amongst others.

In 2014, Panda Security was distributed by TriTech Distribution Limited in Hong Kong.[16]

In 2015, Panda Security obtained the best rate protection in the Real World Protection Test by AV-Comparatives.[17]

Panda Security awarded Company of the Year 2016 by leading Spanish newspaper el Suplemento for innovative work, growth outreach and history.[18]

Products

TruPrevent

Malware statistics March 16, 2011 (Panda Security)

TruPrevent, which was introduced in 2003, is a set of technologies developed by Panda Security for proactive protection in home and corporate computers, as opposed to traditional antivirus products, which provide reactive protection.

TruPrevent technologies offers generic protection against many of the techniques most commonly used by new malware, and policies and rules are developed based on the new vulnerabilities that appear daily.

Due to the vast amount of new malware that appears every day (in 2007 PandaLabs detected an average of 3,000 new samples a day,[19] which had risen to 35,000 in 2009), Panda Security developed a protection system to automatically detect, scan and classify malware in real time. This security model presented in 2007 was called “Collective Intelligence” and is the basis of the new solutions that offer security from the cloud.

This technology is implemented in its 2009 and 2010 antivirus products for home users and in the new Panda Cloud Antivirus, which the company has classified as the first antivirus in history that provides protection from the cloud [20]

These antivirus products only include the information about malware samples that cause most infections at any given moment, while the rest of the information is stored in Panda’s knowledge base. The antivirus connects to this knowledge base whenever necessary. This system is designed to offer real-time protection against thousands of new malware samples, use the community knowledge base to offer further protection and not to consume computer resources.[21]

Adaptive Defense

The Adaptive Defense solution breaks the traditional security model by basing its security model on black lists and white lists. This represents a new concept built on the basis of behavior processes, not on previous classification like it was up until now.

This advanced system is based on the principles of artificial intelligence and Big Data in order to monitor, classify and analyze all running processes. This assures the proactive detection of strange behaviors and advanced threats, from Cryptolocker to zero-day attacks, while providing features for response and remediation.

Panda Security's Adaptive Defense won best Advanced Persistent Threat (APT) Solution award Computing Magazines Security Excellence Awards 2016.[22]

See also

References

  1. ↑ "Gartner Says Worldwide Antivirus Software Market Increased 13.6 Percent in 2005". Gartner.com. 2006-06-21. Retrieved 2016-10-28.
  2. ↑ "Anti-malware Vendor and Encryption Product Market Share Report". OPSWAT. 2015-10-22. Retrieved 2016-10-28.
  3. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Pandasoftware.com. Retrieved 2016-10-28.
  4. ↑ "Antivirus for Windows, Mac and Android". Pandasecurity.com. Retrieved 2016-10-28.
  5. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Pandasecurity.com. Archived from the original on 22 February 2011. Retrieved 2016-10-28.
  6. ↑ "Panda Security axes jobs, gets new chief exec". Theregister.co.uk. Retrieved 2016-10-28.
  7. ↑
  8. ↑ "Collective Intelligence | Protection against viruses with a minimal impact on your PC | Cloud Security | Panda Technology". Pandasecurity.com. Retrieved 2016-10-28.
  9. ↑
  10. ↑ "Panda Security". Crunchbase.com. Retrieved 2016-10-28.
  11. ↑ "Archived copy". Archived from the original on 5 April 2010. Retrieved 2010-09-16.
  12. ↑ "Panda Security and Against Intuition partner to offer WOT, the community-based safe surfing tool | WOT (Web of Trust)". Mywot.com. 2009-07-30. Retrieved 2016-10-28.
  13. ↑ "External Technologies, Inc. v. Panda Distribution, Inc. d/b/a Panda Security USA et al.". Dockets.justia.com.
  14. ↑ "Juan Santana on Twitter: First day in the new Menlo Park office of Panda Security. It is going to be fun down here :-)". Twitter. Retrieved 2016-10-28.
  15. ↑ "Antivirus Market Share Report Q4 2012". OPSWAT. Retrieved 2016-10-28.
  16. ↑ "Panda Security Distributor In HK | Panda Security HK". Ttdist.com. Retrieved 2016-10-28.
  17. ↑ "Panda Security detects and blocks 99.9% of threats! - MediaCenter Panda Security". MediaCenter Panda Security. Retrieved 2015-12-09.
  18. ↑ "Premiados Gala de Premios El Suplemento 2016". Elsuplemento.es. 2016-09-15. Retrieved 2016-10-28.
  19. ↑
  20. ↑ "All about Family safety, Malware and Internet Security | Panda Media Center". Pandasecurity.com. Retrieved 2016-10-28.
  21. ↑ "Panda Cloud Antivirus In Black and White". YouTube. 2009-05-06. Retrieved 2016-10-28.
  22. ↑ "Computing Security Excellence Awards 2016: and the winners are...". Computing.co.uk. 2016-11-25. Retrieved 2016-12-02.
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