DATA SECURITY

ISTARI, the Cyber Risk Management Company, to Invest in Pioneer Prevalent AI (PAI)

ISTARI | July 05, 2021

A global cybersecurity platform, ISTARI, which is dedicated to helping clients managing digital risk and build cyber resilience, and the leaders in Security Data Science, Prevalent AI (PAI), has today announced that ISTARI has opted to become an important minority shareholder of PAI.

Industry veterans Sir Iain Lobban, Paul Stokes, Arun Raj, and Andrew France OBE founded PAI in 2017. When founded, they had the aims such as enabling organisations to quickly ingest, convert and contextualise complex, large, and disparate data sources by using their Security Data Science Platform and connected services, increasing the capability to respond to cyber riss and attacks in time and prevent it.

Rashmy Chatterjee, the Chief Executive Officer of ISTARI commented that they are thrilled to welcome PAI to the ISTARI Collective. In response, Sir Iain Lobban, PAI Founder and Chairman, added that this is a spectacular match to join together with the same aim and goal protecting organizations from cyber threats.


About ISTARI

ISTARI was established in 2020 and headquartered in Singapore. It is a an investment company, founded by Temasek. It is an advisory practice, investor and educator through its cyber Academy and has a global presence in the US, Europe and Singapore.


About PREVALENT AI

PREVALENT AI (PAI), the leaders in Security Data Science, provides successful cyber analytics solutions for both government and commercial. Founded by former UK government cyber officials and industry experts in 2017, the company has changed the way organisations use risk data. Its 75 professionals work out of two offices, which are located in London and Cochin, India.

Spotlight

The security of SCADA (Supervisory Control and Data Acquisition) and real time systems represents a significant challenge in today’s world. High profile cyber security threats are a recent phenomenon – think of the Stuxnet or Night Dragon attacks – yet the systems running critical industrial processes are typically a generation older. Consequently, there are many legacy systems that may be vulnerable to cyber attack because cyber security was simply not a consideration at the time of initial design and installation. The security of even recently deployed systems may also be an issue, and often there are media reports of instances where systems are connected to the internet with inadequate protection, or the manufacturers of the equipment have used hardcoded usernames and passwords, thereby gifting cyber intruders with inside knowledge with the ability to manipulate the system settings.

Spotlight

The security of SCADA (Supervisory Control and Data Acquisition) and real time systems represents a significant challenge in today’s world. High profile cyber security threats are a recent phenomenon – think of the Stuxnet or Night Dragon attacks – yet the systems running critical industrial processes are typically a generation older. Consequently, there are many legacy systems that may be vulnerable to cyber attack because cyber security was simply not a consideration at the time of initial design and installation. The security of even recently deployed systems may also be an issue, and often there are media reports of instances where systems are connected to the internet with inadequate protection, or the manufacturers of the equipment have used hardcoded usernames and passwords, thereby gifting cyber intruders with inside knowledge with the ability to manipulate the system settings.

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