DATA SECURITY, SOFTWARE SECURITY, WEB SECURITY TOOLS
DartPoints | September 21, 2022
DartPoints®, the leading edge digital infrastructure provider, launches its updated managed detection and response (MDR) product, which combines MDR, endpoint detection and response (EDR), security orchestration, automation and response (SOAR), and extended detection and response (XDR) into one complete solution with support and monitoring by DartPoints experts. With ransomware and other cybersecurity incidents striking more than ever, DartPoints' MDR solution quickly detects threats 24x7 across endpoints, network, cloud, and SaaS applications.
"Executives and security leaders know they need a multi-layered cybersecurity strategy that combines MDR, EDR, SOAR, and XDR solutions, but increasingly, they don't have the in-house resources to make that happen. "Plus, with the hundreds of tools and providers on the market, analysis paralysis sets in. We are proud to help our clients by bringing these best-in-class security vendors and technologies together into one comprehensive, airtight solution."
Brad Alexander, CTO for DartPoints
DartPoints' enhanced MDR offering addresses many weaknesses in legacy antivirus and security solutions, including the overwhelming high volume of alerts and false positives. Offering advanced threat detection, continuous threat hunting, and 24x7 monitoring and investigations, the solution is built for high-risk, compliance-sensitive verticals, including finance, government, manufacturing, education, and healthcare. Organizations with compliance, standard, or framework requirements, those looking to obtain or renew cyber insurance, and those without their own security operations center will find the enhanced product especially beneficial.
Outlined in Accenture's State of Cybersecurity Resilience 2021 report, a global survey of nearly 4,800 executives found an average of 270 cyberattacks per company in 2021, a jump of 31% compared with the previous year. Meanwhile, ransomware attacks nearly doubled in 2021. IBM's latest Cost of a Data Breach Report finds that the average cost of a data breach is at an all-time high in 2022: $4.35 million.
DartPoints is the leading digital infrastructure provider enabling next-generation applications at the edge. By weaving together cloud, interconnection, colocation, and managed services, DartPoints enables edge ecosystems for enterprises, carriers, and cloud and content providers. DartPoints is building tomorrow's distributed digital infrastructure while serving today's cloud and colocation needs — and helping to bridge the digital divide.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Fordefi | November 09, 2022
Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm's initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital and StarkWare.
"The Fordefi team is bringing to market a solution that addresses two of the biggest challenges in DeFi today: institutional-grade security and smart contract transparency," said Sam Harrison, Senior Advisor at Lightspeed Venture Partners and Managing Partner at Faction. "We are excited to support an experienced team bringing a powerful solution to market that directly solves pain points that have held institutions back from achieving the full potential of decentralized finance."
"Wallet hacks made major headlines this year. Until now, decentralized finance was missing a secure, stable, and seamless way to connect to dApps," said Ken Deeter, Partner at Electric Capital. "Fordefi's single-browser extension paired with a top-notch institutional grade MPC wallet platform will unlock opportunities across DeFi for all crypto-native institutions. We're excited to be part of Fordefi's journey, as an investor, design partner and customer."
Introducing the Fordefi Platform
Co-founders Josh Schwartz, CEO, Dima Kogan, CTO, and Michael Volfman, Vice President of Research and Development, began developing the Fordefi platform in 2021, an unprecedented year for crypto adoption, as institutions took notice of the explosive growth and massive volumes of digital assets moved into the markets. A boom in the development of new blockchains and decentralized applications created opportunities for investing that institutions could not safely participate in, as available wallets had been designed years before and lacked the technology to securely and confidently connect them.
"Decentralized finance is evolving quickly and its complexities require a dynamic solution," said Schwartz. "Legacy wallet providers are unable to meet the needs of institutions that want to access the new opportunities DeFi has created while ensuring their assets are protected. Fordefi has taken a DeFi-first approach and has built a solution engineered for how clients interact with dApps."
"DeFi transactions are much more complex than simple asset transfers, and that's the key to DeFi's exciting new opportunities," said Kogan. "Unfortunately, this complexity also brings with it many new security risks. Fordefi enables institutions to interact with DeFi applications with increased operational efficiency and security through in-depth visibility into each transaction and the ability to set the right controls."
A first of its kind wallet and security platform, Fordefi enables market participants to easily and securely connect to decentralized applications. Fordefi's platform is the only institutional MPC wallet on the market built for firms transacting on decentralized applications across blockchains. The solution delivers a previously unavailable degree of insight into transactions, translating smart contracts into language that users can understand, simulating every transaction in advance and independently verifying dApp names. Its advanced MPC key management capabilities are built to protect against any single point of failure, and the platform's unique policy management capabilities offer users the ability to create and define their own workflows, proactively protecting themselves from both internal and external vulnerabilities.
"Fordefi has been a tremendous addition to our DeFi workflow. We've seen accelerated deployment efficiency across a comprehensive set of on-chain opportunities, alongside enhanced user intuitiveness and without compromising security." Shane Al, Head of Investments at Arc Capital and Fordefi design partner.
"The Fordefi platform provides robust solutions for institutions to access thousands of DeFi opportunities with the highest levels of security. The platform is extremely customizable and allows us to manage our own policies and controls, ensuring a balance between flexibility and security - crucial for liquid fund strategies." Jacob Goh, Head of Operations & Investor Relations at DeFiance Capital, Fordefi investor and design partner.
Fordefi's MPC wallet platform and Web3 gateway enables institutions to seamlessly connect to dApps across a wide range of chains while keeping digital assets secure. Fordefi is the first institutional MPC wallet and security platform built for decentralized finance (DeFi), offering MPC key management, self-serve DeFi policy controls, time-of-transaction smart contract insights, transaction simulation and risk alerts. Fordefi was founded in 2021 by crypto custody and cybersecurity experts, and designed in close collaboration with industry-leading trading firms, funds and custodians. Fordefi is a financial technology and software company with offices in New York and Tel Aviv.
About Fordefi's Founders
Josh Schwartz, Dima Kogan and Michael Volfman founded Fordefi after establishing themselves with decades of experience as leaders in crypto, cybersecurity, and financial services. Schwartz served as Chief Operating Officer at Curv, an institutional MPC wallet acquired by PayPal in 2021, and was Vice President of Sales at digital custody platform BitGo. Dr. Kogan's career spans more than 15 years in academia, industry and government. He received his PhD from Stanford with a specialization in applied cryptography and was awarded the "Best Young Researcher" prize at Eurocrypt 2018, the Theory of Cryptography Conference 2019, and Eurocrypt 2020. Volfman is an engineering manager with 20 years of experience in cybersecurity, serving as Vice President of R&D at Toka, was Chief Technology Officer and co-founder of an edtech startup, and a Director at Guardicore.
DATA SECURITY, SOFTWARE SECURITY
Accenture | September 13, 2022
Accenture has been named a Leader in the latest Forrester Research report on European managed security service (MSS) providers, which notes that Accenture sets itself apart from the rest of the market by the way in which it develops assets that are embedded in its services for the benefit of clients.
The report — "The Forrester Wave™: European Managed Security Service Providers, Q3 2022" — includes a comprehensive 39-criteria assessment of the top 10 cybersecurity consulting providers across three high-level categories: “Current Offering”; “Strategy”; and “Market Presence.” Client references and buyer feedback were also factored into each criterion evaluated in the report.
Accenture received the highest score in the Current Offering category among competitors evaluated, with the highest possible score in twelve criteria, including: data sovereignty and European service delivery; managed application security; business and technical value; product vision; execution roadmap; innovation roadmap; and partner ecosystem.
The report says that:
Accenture stands out for its vision roadmap, with several planned items focusing on emerging CISO [chief information service officer] needs for managed services providers.
Accenture also continues to set the standard for strong partnerships to drive unique technology and services IP.
When noting how Accenture sets itself apart by developing assets that are embedded in services for clients, the report said that one particularly strong example of this was its Intelligent Application Security Platform (IASP), which delivers significant value for developers within its application security services.
Reference customers praise the flexible personnel, highly competent technical staff, and strong partnership approach.
Accenture is a good match for customers who want end-to-end security capabilities that deliver a wide array of managed services.
“We’re on a mission to make cybersecurity a priority for business leaders in Europe, and our managed security services team can help clients navigate the challenges. “It’s an honor to be recognized for our work helping clients build better defenses and strengthen their cybersecurity capabilities. Because cyber risk is a constantly moving target, we help our clients identify not only existing threats but also emerging threats to their enterprises.”
Jacky Fox, who leads Accenture Security in Europe
In addition to being named a Leader among European MSS providers by Forrester, Accenture was recently named the No. 1 cybersecurity service provider by HFS Research and positioned as a Leader in the latest IDC MarketScape analysis of managed security services (MSS) providers in Europe. In 2021, Accenture was positioned as a Leader in two Forrester reports on cybersecurity: The Forrester Wave™: Global Cybersecurity Consulting Providers, Q4 2021 and The Forrester Wave™: European Cybersecurity Consulting Providers, Q3 2021.
More information on Accenture in “The Forrester Wave™: European Managed Security Service Providers, Q3 2022” report can be found here.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
OneSpan | September 19, 2022
OneSpan™ , the digital agreements security company, today announced the general availability of its secure Virtual Room cloud service which enables organizations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment. This next-generation customer engagement solution gives organizations the ability to balance identity security, authentication, and e-signature solutions from the broader OneSpan portfolio with a high-assurance virtual experience that is the next best thing to entering a branch or meeting in person. Virtual Room complements digital-first transaction experiences by providing a unique opportunity for organizations to create personalized, high-touch, human-assisted interactions, and by improving the customer experience, increasing agreement completion rates, and reducing security risks and fraud.
“Today, businesses requiring a high degree of security and regulatory compliance rely daily on a variety of technologies that use insecure, shared links and expose users to elevated risks including data breaches and compliance violations in the anywhere economy. This should not be the case. Organizations and their customers want to be confident that the person joining a virtual meeting is the person they claim to be. And multi-million dollar business agreements transacted digitally should not be subject to fraud fallout. “Today’s off-the-shelf video conferencing tools do not offer optimal security. As the complexity and value of transactions increase, customers want a live interaction rather than relying on a virtual assistant or self-service experience. We built Virtual Room for these scenarios to help our customers complete an agreement or transaction where they need a personal touch and where security is paramount.”
Matthew Moynahan, President and CEO at OneSpan
Combining OneSpan’s heritage in high-assurance identity verification and authentication with agreement co-browsing, web-enabled videoconferencing, rich collaboration features, and built-in e-signature, Virtual Room helps organizations engage and transact with customers with confidence. Virtual Room can be used for multiple high-value customer agreements, including account opening and maintenance, wealth management, and car financing.
Virtual Room enables organizations to:
Verify the identities of participants, utilizing OneSpan’s identity verification and mobile and hardware authentication solutions;
Interact with signers remotely;
Simultaneously review documents and address questions;
Capture legally binding e-signatures in real-time; and
Record virtual sessions to reinforce the electronic evidence captured in the audit trails.
A recent report from Aragon highlighted the need for higher assurance within these processes. “It’s important for buyers to look for a provider that has global security compliance expertise in all aspects of the workflow, from the initial identity verification and authentication steps, to creating a secure virtual interaction environment and all the way through to securing the final output or artifact of the transaction, for compliance and enforceability purposes. Equally important, buyers should look for a vendor that has the flexibility to adapt any step in the digital workflow to meet local regulations for digital identity, secure customer authentication, transaction risk analysis, and the many other security requirements, which differ from one country to the next.”
As a secure solution for customer-facing digital agreements where the integrity of the agreement is paramount, Virtual Room allows organizations to embrace a new way of working that’s more distributed, virtual, and dynamic, enabled by advancements in cloud technology. With the onset of the anywhere economy, and with more transactions being completed online, identity verification and authentication technologies are critical in the digital agreements process. This purpose-built, high-assurance digital agreement solution includes identification and authentication capabilities that enable organizations to increase the integrity and completion rates of agreements and transactions in a highly-secure and protected ecosystem without impacting user experience or productivity.
OneSpan helps organizations accelerate digital transformations by enabling secure, compliant, and refreshingly easy customer agreements and transaction experiences. Organizations requiring high assurance security, including the integrity of end-users and the fidelity of transaction records behind every agreement, choose OneSpan to simplify and secure business processes with their partners and customers. Trusted by global blue-chip enterprises, including more than 60% of the world’s largest 100 banks, OneSpan processes millions of digital agreements and billions of transactions in 100+ countries annually.