DATA SECURITY

MITRE Invention to Test Cybersecurity Products Against Data Encryption Risks, Such as Ransomware

MITRE Engenuity | March 17, 2021

Miter Engenuity will survey business cybersecurity items' capacity to identify the danger presented by the gatherings normally known as Sandworm and Wizard Spider, both of whom have utilized information encryption as a vital component of their attacks. Applications for assessment are accessible through May 28.

Examiners accept that Sandworm utilized information encryption to cause more than $10 billion in harm to industry in attacks with its NotPetya malware. The gathering is additionally generally associated with attacks that have closed down the Ukrainian electrical framework on various events. Wizard Spider has purportedly utilized information encryption to take more than $150 million through ransomware attacks.

The assessments will utilize ATT&CK®, a Miter-curated information base of foe strategies, methods, and techniques that depends on distributed danger revealing. ATT&CK is openly accessible and is utilized by digital safeguards in regions including account, medical services, energy, assembling, retail, and government to comprehend enemy conduct and tradecraft.

Miter Engenuity will assess each partaking merchant's capacity to recognize the dangers presented by Sandworm and Wizard Spider in two particular situations during the assessment. All outcomes will be delivered, and the organization will permit the general population to see them completely or sifted by enemy.

Spotlight

A career with IBM Security is all about tackling increasingly sophisticated security challenges faced by 12,000+ IBM Security clients across 130+ countries. Helping organizations disrupt targeted attacks and make more informed business decisions. Deploying security innovations, and discovering new ways to quickly prevent threats and automate protection. And while you are doing all of this, get access to IBM's global knowledge and expertise to stay ahead in your career.

Spotlight

A career with IBM Security is all about tackling increasingly sophisticated security challenges faced by 12,000+ IBM Security clients across 130+ countries. Helping organizations disrupt targeted attacks and make more informed business decisions. Deploying security innovations, and discovering new ways to quickly prevent threats and automate protection. And while you are doing all of this, get access to IBM's global knowledge and expertise to stay ahead in your career.

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Genus Power and NanoLock Security Partner to Secure Smart Meters and Prevent Utility Cyberattacks and Fraud

prnewswire | October 20, 2020

NanoLock Security, the market leader of ironclad protection for smart metering infrastructure, IoT and connected edge devices, today announced a partnership with Genus Power Infrastructures, a global provider and leader of full spectrum smart energy metering solutions, to cooperate on a new cybersecurity solution that protects smart metering infrastructure, manufactured by Genus Power, from cyberattacks, theft, and fraud. The solution also provides a new managed security service for utilities and smart city customers that would reduce their operational costs, especially in remote rural areas through trusted Over-the-Air (OTA) updates, while securing revenue that is often lost due to theft and fraud.

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DATA SECURITY

HUB Security acquires the leading Cyber Security Comsec for NIS 70M

HUB Security | September 30, 2021

HUB Security ("HUB" or the "Company"), announces today the acquisition of Comsec Global for NIS 70 million, of which HUB will pay NIS 40 million in cash and NIS 30 million in its own shares. The Shares consideration are under a share sale lock-up provision for a period of 6 months post closing of the transaction. The main goal of the acquisition is to dramatically increase HUB Security's global sales and distribution infrastructure by over 40 countries, which will enable the Company to more than double its revenues and significantly accelerate penetration of HUB's unique cyber-security solutions in global enterprises. HUB has developed a technology that can cause a paradigm shift in the Cyber Security market, HUB's solution was considered to be the Holy Grail long awaited by governments and enterprises worldwide. The combination between the two companies creates a unique entity that has a strong foundation of global cyber business coupled with an unparalleled growth potential that leverages upon a 40-country sales infrastructure. In our opinion, this is a classic case of 1+1 equals 10 and not two. Mr. Rony Sternbach, Comsec Chairman and controlling shareholder. Comsec is one of the leading companies in Israel's cybersecurity sector. Founded in 1987, the company was a pioneer in data security and now has an extensive customer base spanning over a thousand leading companies in 40 countries across five continents. It operates four consulting and distribution companies and has subsidiaries in the UK and the Netherlands. The company offers a broad spectrum of services to its clients, providing comprehensive solutions in application security, security, and source code testing. These include application lifecycle development consulting, infrastructure security, and communication security. It further provides security auditing via several models; Threat Modeling, penetration tests, Black Box and comprehensive White Box audit Design Review, and more. Comsec's annual sales turnover is approx NIS 120 million. Its customers include banking, insurance, hi-tech, communications, industrial, retail, large-scale infrastructures, and local and central government bodies and ministries. Comsec is a one-stop shop for all their cybersecurity needs. HUB Security was established in 2017 by veterans of the IDF's 8200 and 81 intelligence units. The company specializes in protecting sensitive commercial information and has an advanced encrypted computing solution for companies and organizations aimed at preventing hostile intrusions and the theft of sensitive commercial information. Hub offers cybersecurity solutions to, amongst others, the AI, Fintek, and critical infrastructure sectors. The company employs 400 employees, and its offices are located in Israel and the United States.

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DATA SECURITY

Westcoast Limited Strengthens the Cyber Security Portfolio with an AppGuard Malware Disruption Technology Distribution Agreement for Endpoints

prnewswire | February 22, 2021

Westcoast Limited, a main UK wholesaler of IT items and administrations with over £3 billion in yearly incomes, today declared a circulation concurrence with AppGuard, a worldwide endpoint security supplier that shields associations from cyberattacks by disturbing malware from causing hurt. Under the understanding, Westcoast will appropriate AppGuard's malware interruption innovation in the U.K. also, Northern Europe districts, further extending its obligation to empowering Westcoast's affiliates and their clients to more readily guard against cyberattacks by shielding endpoints from being undermined by malware. Conveying driving IT brands like HP, HPE, Microsoft, Lenovo, Apple, and numerous others to an expansive scope of affiliates, retailers and office item vendors in the UK and past, Westcoast and its 9,000 exchanging accomplices and their clients comprehend that network safety is the main test confronting the present organizations. The expansion of AppGuard to Westcoast's network safety portfolio advances propels the organization's obligation to guarantee accomplices and their clients have the guard inside and out they need to ensure against the present progressed malware assaults.

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