DATA SECURITY

Blu Ventures Expands Cybersecurity Strategy

Blu Venture Investors | May 24, 2021

Blu Venture Investors, a primary source risk capital firm, today announced the launch of the BVI Cyber Fund, a $25M fund targeted at Series A growth companies in cybersecurity. This fund builds on the success and momentum Blu Ventures has established in supporting the cybersecurity ecosystem within the Mid-Atlantic region and beyond.

"With over 800 cybersecurity firms within the Washington, D.C. region, Blu Ventures is seated at the middle of the cyber/intelligence ecosystem," said Michael Sutton, Investment member and former CSO of Zscaler. "We are excited to continue helping fast-growing cyber companies scale and tackle the foremost difficult cybersecurity challenges facing commercial and government organizations today."

The timing of the BVI Cyber Fund comes at a pivotal time given the record-breaking increase in sophisticated breaches and cyberattacks and President Biden's May 12, 2021 Executive Order on Improving the Nation's Cybersecurity. Blu Ventures has and can still invest in forward-looking cybersecurity technologies within core areas that include Endpoint Detection & Response, Data Storage; Web & Cloud; Messaging; Network; Industrial & Internet of Things (IoT); Threat Intel; Mobile; Fraud Protection & Transaction; Risk, Compliance & Training; Specialized Threat Analysis & Protection and Security Ops & Incident Response.

About Blu Venture Investors

Founded in 2010, Blu Ventures has deployed $85MM in capital so far in early-stage cyber and enterprise software firms. Currently, the firm is invested in 35 cyber companies to incorporate ID.me, Cybrary, Huntress Labs, Ostendio and Threat Quotient. As a primary source risk capital firm, Blu's principals bring expertise across a spread of industries and an investment perspective closely aligned with entrepreneurs.

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WEB SECURITY TOOLS

Star Atlas Launches Initiative to Establish Web3 Security Framework

Star Atlas | May 25, 2022

Star Atlas, a next-gen metaverse with triple-A game design and Unreal Engine 5 graphics built on the Solana blockchain, today announced an expanded focus on security to ensure consumer protection and digital safety in the metaverse. This multi-pronged initiative includes signing Kudelski Security, the cybersecurity division of the Kudelski Group - the world leader in digital security, and the forefront leader in providing security solutions for major blockchain-based applications, exchanges, and ecosystems - as its security partner. Kudelski Security will perform ongoing audits and analysis to help ensure the integrity of the Star Atlas metaverse is maintained and both partners will work together to explore setting standards for web3 security. "We are pleased to partner with the team at Kudelski Security to advance the digital security of our fast-expanding metaverse," said Michael Wagner, Co-Founder and CEO of ATMTA, Inc., the principal development studio of Star Atlas. "We understand there is a lot of skepticism when it comes to web3 and security, so we want to be proactive by partnering with one of the top cybersecurity firms to help make sure our community feels safe. Protection of assets is paramount, and we look forward to working with Kudelski Security to establish the best practices for security when it comes to web3 gaming." As security auditor of record, Kudelski Security will increase the safety and security of the Star Atlas metaverse by testing the protocols and looking for potential vulnerabilities to be addressed. Star Atlas players will have greater assurance that the metaverse has been built securely and tested rigorously, and that Star Atlas has taken the necessary action to become the leader in the web3 space when it comes to security. The relationship with Kudelski Security goes beyond the hardening of the Star Atlas environment. Star Atlas is looking to expand collaborations with the wider Group to focus on new standards that can help to transition companies and projects into web3, including security standards, tokenization, and best practices in web3 gaming. By developing standard technology and processes that enable safe and secure on-chain gaming, players will be protected from the hacks that currently plague web3 and some of the main barriers to wider stakeholder adoption will be lowered. "Web3 is growing rapidly, and we are seeing more need for developing a security standard that is adopted across the industry to act as a framework. This is why we are excited to partner with a native web3 leader like Star Atlas and to come together to solve potential security issues before they arise." Andrew Howard, CEO of Kudelski Security In addition to Kudelski Security's blockchain and cybersecurity experience, the Kudelski Group is recognized as global leaders in digital security – with specialized expertise in encryption, anti-piracy, watermarking, cryptography, and digital rights management. Executives from Star Atlas, the Kudelski Group, Kudelski Security, and NAGRA Kudelski are meeting during the World Economic Summit in Davos, Switzerland, to further discuss establishing a framework for securing the web3 ecosystem. ABOUT STAR ATLAS Star Atlas is a next-gen gaming metaverse emerging from the confluence of state of the art blockchain, real-time graphics, multiplayer video game, and decentralized financial technologies. Real-time graphics technology using Unreal Engine 5's Nanite allows for cinematic quality video game visuals. Blockchain technology using the Solana protocol establishes a largely serverless and secured gameplay experience. Non-fungible tokens obtained and traded within Star Atlas creates an economy that replicates the tangibility of real world assets and ownership.

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DATA SECURITY

ContraForce Announces $2M Seed Investment from DataTribe

ContraForce | December 28, 2021

DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today a $2M seed investment in ContraForce, a leader in no-code security automation for small and medium-sized businesses. ContraForce delivers a no-code security automation platform that makes cyber security accessible for small and medium-sized businesses that lack the resources and expertise to defend themselves. In addition, ContraForce also brings this facility to security compliance; a critical feature, as customers, regulators and insurance companies are putting increasing pressure on small and mid-sized organizations to not only be secure, but also to prove it. No longer is it acceptable for smaller organizations to be a step behind in their security and compliance. Hackers are increasingly targeting them for ransomware or as an entry point into a supply chain. Because small businesses typically have limited resources to cope with a cyber attack, cyber attacks can represent an existential risk for them. ContraForce enables small and mid-sized businesses to manage this risk with their easy-to-use, self-service platform to automate threat detection, response, and compliance. “We are thrilled to announce DataTribe's most recent investment in ContraForce on the heels of the company winning the fourth annual DataTribe Challenge,” said John Funge, Managing Director at DataTribe. “By providing a sort of security and compliance ‘easy button’, ContraForce is filling a really significant gap. Just because an organization is small does not mean that it does not possess vital data, IP, or access to strategic networks. It is paramount that smaller organizations overcome the resource barriers to robust security. ContraForce’s unique approach dramatically lowers these barriers.” “I am looking forward to working with DataTribe as we build on the ContraForce team's passion for simple and effective cybersecurity solutions designed for the needs of small and medium-sized businesses,” Stan Golubchik, CEO and co-founder of ContraForce ContraForce’s security and compliance solutions map security vulnerabilities to the industry standard MITRE ATT&CK framework. They create and adapt security detection and response capabilities in real-time, ensuring the environment is secured in hours across the cloud, network, endpoint, and users. By using ContraForce, an organization without dedicated security personnel can respond to threats without having to learn or write complex security detection code and response workflows. About DataTribe DataTribe is a startup foundry that invests in and co-builds world-class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, startup veterans, and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area, in Fulton, Maryland. About ContraForce ContraForce is the new no-code security automation company. We focus on securing the small and medium-sized businesses by helping their security and IT teams work smarter, allowing them to implement automated operations that are effective in combating cyberattacks and demonstrating compliance. ContraForce is headquartered in McKinney, Texas and was founded and built by industry security and cloud experts from Armor, McAfee, and Intel. ContraForce's mission is to empower IT and Security teams and enable them to be more efficient.

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WEB SECURITY TOOLS

Indusface Enhances its Web Application & API Protection (WAAP) platform AppTrana with Industry's First Risk-Based Protection to APIs

Indusface | May 19, 2022

Indusface, a leading application security SaaS company that continually detects security risks, provides real-time protection, and improves the performance of Websites and Applications, today announced that it is adding Risk-Based API Protection to its WAAP platform, AppTrana. APIs are the lifeline of the digital economy with many companies adopting the API-first approach. However, the growth of APIs is also opening up new risk vectors that they are not aware of. According to Gartner, more than 90% of applications have more attack surface exposed through API than UI and by 2022, API Abuse will move from an infrequent to the most-frequent attack vector, resulting in data breaches for enterprise web applications. Indusface is revolutionizing the API security space by building on its API Protection capabilities. The company is doing so through the most comprehensive API protection to date by extending its risk-based approach to the same. "AppTrana's risk-based approach is unique and something that resonates with our customers. What customers are really interested in is knowing how well their application is protected based on the risk posture of their application. Building on this, we are now enhancing our API Protection capabilities by providing a risk-based approach to API security which we believe would revolutionize the market. With this, customers will be able to identify vulnerabilities found in their public APIs and quickly correlate how these are protected through API-specific policies and positive security policies applied in AppTrana providing the most comprehensive protection for APIs." Ashish Tandon, Founder and CEO, Indusface As with any security, you can protect only what you know and protection is as strong as the weakest link. The major challenges with APIs are discoverability and the ability to understand the context of APIs so that security can be tailored accordingly. It is to address these challenges that Indusface is enhancing its API protection in AppTrana. Collectively through a multi-step approach, customers get to discover APIs, understand risk posture and ensure comprehensive protection of APIs. With Indusface AppTrana's Risk-based API Protection, you get: To understand the risk posture of the APIs through unlimited automated API scans including manual tests for identifying business logic vulnerabilities. This enables organization to understand the weakest links of the APIs and get clear visibility around how these links are protected. Visibility into API traffic patterns and discovery of shadow APIs, so that you are no longer blindsided by what you don't know To protect APIs with API-specific rules written specifically to protect against OWASP Top 10 API vulnerabilities Behavioral-based protection against DDoS attacks on APIs by analyzing API traffic pattern Behavioral-based protection against BOT attacks Positive security for APIs through analysis of swagger (OpenAPI 2.0) files and creation of automated positive security policies Accurate, real-time view of vulnerabilities blocked by API specific rules, positive security policies, custom rules, and those that need fixes in the application About Indusface Indusface is a leading application security SaaS company that secures critical Web, Mobile, and API applications of 3000+ global customers using its award-winning fully managed platform that integrates web application scanner, web application firewall, DDoS & BOT Mitigation, CDN, and threat intelligence engine. Indusface has been funded by Tata Capital Growth Fund II, is the only vendor to be named Gartner Peer Insights™ Customers' Choice' in all the 7 segments for Voice of Customer WAAP (Web Application and API Protection) Report 2022, is a "Great Place to Work" certified SaaS product company, is PCI, ISO27001, SOC 2, GDPR certified, and has been the recipient of many prestigious start-up awards such as the Economic Times Top 25, NASSCOM DSCI Top Security Company, Deloitte Asia Top 100, among others.

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SOFTWARE SECURITY

Palo Alto Networks Calls on Cybersecurity Industry to Adopt ZTNA 2.0 -- Zero Trust with Zero Exceptions

Palo Alto Networks | May 12, 2022

Palo Alto Networks , the global cybersecurity leader, today urged the industry to move to Zero Trust Network Access 2.0 (ZTNA 2.0) — the foundation for a new era of secure access. ZTNA was developed as a replacement for virtual private networks (VPNs) when it became clear that most VPNs did not adequately scale and were overly permissive, but the first-generation ZTNA products (ZTNA 1.0) are too trusting and can put customers at significant risk. ZTNA 2.0 solves these problems by removing implicit trust to help ensure organizations are properly secured. "This is a critical time for cybersecurity. We are in an era of unprecedented cyberattacks, and the past two years have dramatically changed work — for many, work is now an activity, not a place. This means that securing employees and the applications they need is both harder and more important. Zero trust has been embraced as the solution — and it is absolutely the right approach! Unfortunately, not every solution with Zero Trust in its name can be trusted. ZTNA 1.0 — for example — falls short." Nir Zuk, founder and chief technology officer at Palo Alto Networks For modern organizations where hybrid work and distributed applications are the norm, ZTNA 1.0 has several limitations. It is overly permissive in granting access to applications because it can't control access to sub-applications or particular functions. Additionally, there is no monitoring of changes in user, application or device behavior, and it can't detect or prevent malware or lateral movement across connections. ZTNA 1.0 also cannot protect all enterprise data. ZTNA 2.0-capable products, such as Palo Alto Networks Prisma® Access, help organizations meet the security challenges of modern applications, threats and the hybrid workforce. ZTNA 2.0 incorporates the following key principles: Least-privileged access — enables precise access control at the application and sub-application levels, independent of network constructs like IP addresses and port numbers. Continuous trust verification — after access to an application is granted, continuous trust assessment is ongoing based on changes in device posture, user behavior and application behavior. Continuous security inspection — uses deep and ongoing inspection of all application traffic, even for allowed connections to help prevent threats, including zero-day threats. Protection of all data — provides consistent control of data across all applications, including private applications and SaaS applications, with a single data loss prevention (DLP) policy. Security for all applications — consistently secures all types of applications used across the enterprise, including modern cloud native applications, legacy private applications and SaaS applications. In a new report, John Grady, ESG senior analyst, said: "[F]irst-generation/ZTNA 1.0 solutions fall short in many ways on delivering on the promise of true zero trust. In fact, they grant more access than is desired. What's more, once access is granted in ZTNA 1.0 solutions, the connection is implicitly trusted forever, allowing a handy exploit route for sophisticated threats and/or malicious actions and behavior." Grady also said, "It is time to embrace a new approach to ZTNA, one that has been designed from the ground up to meet the specific challenges of modern applications, threats, and a hybrid workforce." "Securing today's hybrid workforce, with an increase in cloud and mobile technologies and evolving requirements, can be complicated," said Jerry Chapman, engineering fellow, Optiv. "Rethinking Zero Trust is essential for modern, hybrid organizations to prevent threats. Together with Palo Alto Networks, we're advising our customers to incorporate ZTNA 2.0 principles like continuous review of identity and connection across their domains to stay secure." New Prisma Access Capabilities Palo Alto Networks Prisma Access is the industry's only solution that meets today's ZTNA 2.0 requirements. Prisma Access protects all application traffic with best-in-class capabilities while securing both access and data. New additions to Prisma Access announced today add the following capabilities: ZTNA connector — simplifies the process of onboarding cloud native and traditional applications into the service, helping make ZTNA 2.0 easier to deploy and more secure. The industry's only unified SASE product — providing a common policy framework and data model for all SASE capabilities, managed from a single cloud management console. Self-serve autonomous digital experience management (ADEM) — helps proactively notify users of issues that require prompt attention and provides them with guidance on how to remediate. Availability Prisma Access is generally available today with full support for ZTNA 2.0. The new ZTNA connector, unified SASE, and self-service ADEM will be available in the next 90 days. About Palo Alto Networks Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before.

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Spotlight

Do you ever get the scariest feeling of your mobile stolen or misplaced or landed up in the wrong hands? Now get away with this feeling of yours by watching this video & installing eScan Mobile Security for Android with the best Anti-Theft features, which will keep your mobile SAFE!

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