In Seed Funding Round, Cyberpion raises $8.25 million,emerges from Stealth to Propel Ecosystem Security

prnewswire | October 13, 2020

Cyberpion, an ecosystem security pioneer, today announced it has emerged from stealth after closing an $8.25 million seed funding round co-led by Team8 Capital and Hyperwise Ventures. The company's groundbreaking platform enables security teams to identify and neutralize the rising threats stemming from vulnerabilities within online assets throughout an enterprise's far-reaching, connected ecosystem. Cyberpion will use the new capital to boost its sales and marketing efforts, while expanding and accelerating product development of its Ecosystem Security platform.

Spotlight

Cyber attacks targeting the network infrastructure have become increasingly sophisticated and damaging. Today’s evolving threat landscape requires business leaders to approach security differently. In addition to deploying multilayered security solutions that provide defense in-depth, organizations must ensure security effectiveness and exercise ongoing security diligence. This requires organizations to evaluate their network security, identify its gaps, and proactively harden vulnerable systems. Organizations also need to update aging infrastructure to secure the network, protect data, and meet rising expectations of customers, shareholders, and regulators.

Spotlight

Cyber attacks targeting the network infrastructure have become increasingly sophisticated and damaging. Today’s evolving threat landscape requires business leaders to approach security differently. In addition to deploying multilayered security solutions that provide defense in-depth, organizations must ensure security effectiveness and exercise ongoing security diligence. This requires organizations to evaluate their network security, identify its gaps, and proactively harden vulnerable systems. Organizations also need to update aging infrastructure to secure the network, protect data, and meet rising expectations of customers, shareholders, and regulators.

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DATA SECURITY

Cybersecurity Startup BitTrap Develops Groundbreaking Detection Technology to Address Surge in Cyberattacks

BitTrap | October 05, 2021

Startup company BitTrap has announced a blockchain-based cybersecurity solution that leverages attackers' motivations to provide singular detection capabilities. This approach differs from cybersecurity paradigms that focus on trying to keep attackers from breaking in. Instead, it assumes some have already made their way inside a network, undetected, and is designed to identify them and reduce hacker dwell time in the compromised system. The system works by deploying a vast network of wallets in every endpoint or cloud instance. Each wallet contains a risk-adjusted bounty of cryptocurrency assets calibrated, based on research from the BitTrap Attacker Behavioral Labs, to ensure it will capture an attacker's attention. Collecting the bounty triggers an incident-response operation that alerts the organization of the breach, effectively causing the hacker to reveal their presence. The vulnerability can be quickly assessed and patched while avoiding ransomware and data exfiltration altogether. BitTrap began operations in 2020 after cyberattacks multiplied during the global pandemic. The company's founders, who combine decades of industry experience in cybersecurity and expertise in attacker behavior, developed the groundbreaking technology to help companies actually benefit from cyberattacks. "It is very important to capitalize on security incidents, using each opportunity to learn and prioritize efforts," said BitTrap CTO Ariel Futoransky. "We need to understand our adversaries' main motivation and use it to overcome our challenges and reduce the impact of attacks. With our unique approach, we can tackle both issues at the same time. We go a long way beyond intrusion detection or deception." The company is particularly proud of the new solution. Through the company's Attacker Behavioral Labs, Altszul said, "We intend to keep investing and developing the most sophisticated capacity in the industry to understand attacker behavior. After our initial success, we are getting ready to raise a new round of financing to fuel our expansion in the market. BitTrap CEO Jonatan Altszul About BitTrap BitTrap is a cybersecurity solution company with a groundbreaking crypto approach, changing how companies face and resolve attacks while saving money along the way. BitTrap triggers immediate alarms using risk-adjusted economic incentives to reveal vulnerabilities without compromising performance. We go far beyond deception technology.

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SOFTWARE SECURITY

Absolute Software Reveals Resilient Zero Trust Security Advances

Absolute Software | April 11, 2022

Absolute Software, a leading provider of self-healing endpoint and secure access solutions, today announced enhancements to its Secure Access product portfolio (formerly NetMotion by Absolute), allowing customers to reduce risk and improve UX in today's borderless, and work-from-anywhere environments. Absolute is introducing a number of new product improvements with this version, including self-healing Zero Trust Network Access (ZTNA), a resilient deployment architecture, and increased network and ZTNA policy intelligence. Absolute was recently named a Representative Vendor in Gartner's Zero Trust Network Access Market Guide for February 2022. Among the important findings in the report, Gartner states, “An increased focus by end-user organizations on zero trust strategies — and a desire to provide a more secure, flexible hybrid workforce connectivity — is driving increased interest in the ZTNA market.” Joe Savarese, EVP of Secure Access Products at Absolute said that “This release is an important milestone in our mission to be the leading ZTNA solution for the perimeter-less workplace, differentiated by resilience and reliability. The results from our customer beta test – our largest and most successful to date – validate that these new capabilities meet urgent and significant customer needs. As seamless secure access has become imperative for the perimeter-less workplace, administrators need easy-to-implement ZTNA solutions that deliver both maximum security and an optimal user experience.” IT and security professionals can now secure essential infrastructure, apps, devices, and data without sacrificing user productivity thanks to these product upgrades. The following are some of the advantages: Truly resilient ZTNA: Absolute's self-healing ZTNA client for Windows is capable of autonomously repairing or reinstalling itself if tampered with, unintentionally deleted, or otherwise ceased operating – guaranteeing that it stays healthy and provides the full intended value. Resilient deployment architecture: Absolute has introduced Resilience to its distributed network architecture utilizing active-active server technology, bringing the advantages of Software-as-a-Service (SaaS) to customer-managed settings, such as high availability, horizontal scale-out, and zero downtime updates. This ground-breaking solution allows individual system components to self-heal in the case of a breakdown and assures that other servers may take over if necessary, preventing interruption or denial-of-service to end users without the need for administrator involvement. Dynamic re-authentication and secure access enforcement: Customers may now more easily implement current cloud authentication solutions to reduce the risk exposure associated with compromised credentials via dynamic re-authentication and secure access enforcement. Enhancements include the ability to challenge a user's security credentials if circumstances or the environment change and compel them to re-authenticate using an existing mechanism, such as Multi-factor Authentication (MFA). Foundational zero trust security: New ZTNA policy actions improve the basis of zero trust security posture, boosting the capacity to safeguard workers from accessing harmful apps and network locations and restricting lateral movement. Expanded diagnostics and monitoring capabilities: Enhanced diagnoses and monitoring capabilities: With the introduction of Absolute Insights for Network, the firm has expanded its current diagnostics and monitoring capabilities (formerly NetMotion Mobile IQ). This includes ARM device support for MacOS and Windows, as well as improved intelligence for 5G networks (e.g., signal quality, network availability, network coverage, and network usage) and ZTNA policy enforcement (e.g., policy-blocked hosts/websites, addresses/ports, and web reputation) to reduce phishing, smishing, and other malicious activity.

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DATA SECURITY

Area 1 Security and SolCyber Partner to Deliver the Only Managed Preemptive Cloud Email Security to the Midmarket

Area 1 Security | October 22, 2021

Area 1 Security has been selected as the primary cloud email security provider for all customers of SolCyber, the first modern MSSP for the midmarket. Area 1's industry-first preemptive cloud email security stops phishing campaigns 24 days (on average) before they launch — keeping inboxes clean of threats that cause 95% of cybersecurity incidents. The SolCyber and Area 1 partnership brings best-in-class email protection to midsize organizations, which are increasingly targeted by phishing attacks. According to a recent survey by RSM US LLP in partnership with the U.S. Chamber of Commerce, 45% of mid-market executives said that social engineering attacks were successful last year — despite 90% of their organizations providing security awareness training. Additionally, 33% of mid-market executives disclosed that they experienced a ransomware attack or demand in 2020. The implications for mid-market organizations — which typically have fewer in-house resources and specialty expertise compared to larger organizations —are significant and costly. In fact, of the mid-market businesses that have experienced a cyberattack, 63% are unable to resume normal business operations for over a month. In one 12-month period, Area 1 Security prevented more than half a billion dollars in direct losses for its customers, including some of the world's largest healthcare, financial services, retail and consumer goods brands. Its cloud-scale solution is one of the core components in SolCyber's Foundational offering, a simple-to-implement curated technology stack, which also includes endpoint with EDR capabilities, lateral movement detection, and active directory and admin exploitation prevention. We're very excited about our partnership with Area 1 Security. They have an amazing web crawling infrastructure that gives early warning protection that really matters to our customers. It's not often you can find a preemptive security technology that really works, and provides immediate value,Our customers want to stop ransomware and other cyber threats to their businesses. Period. But they typically don't have the time or resources to build a mature security posture on their own. Area 1 fits seamlessly into our Foundational Coverage, it deploys in minutes and is highly scalable, accelerating our customers' time to realize true value. SolCyber CEO Scott McCrady "We are thrilled to partner with a modern MSSP with an extremely user-friendly model. Like Area 1, SolCyber is committed to making it easy for organizations of all sizes to deploy best-in-class cloud-based security," said Steve Pataky, chief revenue officer of Area 1 Security. "We look forward to getting all of SolCyber's customers to INBOX.CLEAN™ — an inbox free of ever-evolving threats that defraud companies of data, dollars and brand confidence." About SolCyber SolCyber, a ForgePoint company, is the first modern MSSP to deliver a curated stack of enterprise strength security tools and services that are streamlined, accessible and affordable for any organization. SolCyber is disrupting the status quo, by providing a new standard of managed security services that work to reduce cyber risk, wastage and complexity. We believe in a secure environment for all. For more information about SolCyber, visit solcyber.com or follow us at @SolCyberMss or on LinkedIn. About Area 1 Security Area 1 Security is the only company that preemptively stops Business Email Compromise, malware, ransomware and targeted phishing attacks. By focusing on the earliest stages of an attack, Area 1 stops phish — the root cause of 95 percent of breaches — 24 days (on average) before they launch. Area 1 also offers the cybersecurity industry's first and only performance-based pricing model, Pay-per-Phish. Area 1 is trusted by government agencies and Fortune 500 enterprises across financial services, healthcare, critical infrastructure and other industries, to preempt targeted phishing attacks, improve their cybersecurity posture, and change outcomes.

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