DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Absolute | December 01, 2022
Absolute Software™ , the only provider of self-healing, intelligent security solutions, today announced new product innovations, empowering customers with deeper visibility and intelligence, expanded software integrations, and a refreshed user experience through its latest updates to Absolute Secure Endpoint and Absolute Secure Access.
These product releases continue the company’s investment in bringing together the combined power of Absolute Secure Endpoint and Absolute Secure Access with our unique, firmware-embedded self-healing capability, enabling customers to achieve truly resilient Zero Trust environments and deliver an optimal user experience. This announcement builds on the launch of Absolute ZTNA – the industry’s first self-healing Zero Trust Network Access (ZTNA) solution – and Absolute Insights™ for Endpoints and Network, providing unparalleled intelligence into device, application, and network performance.
Embedded in more than 600 million devices, Absolute is the only intelligent security solutions provider capable of delivering visibility, control, and resiliency across endpoints, applications, and network connections. The Absolute Platform enables IT and security teams to ensure their endpoints remain compliant and mission-critical applications remain operational, and empowers them to transition from traditional VPNs to a resilient Zero Trust approach without hindering security or user productivity.
A recent 451 Research report validates Absolute’s differentiated platform approach and capabilities, saying: Too often, organizations don’t fully consider the resilience of the deployed zero-trust environment, and network access and device security are handled independently. It’s a situation that complicates security operations and one that can impact employee productivity.
“Our common platform addresses a wide range of market needs, as we have the unique ability to apply self-healing capabilities to devices, applications, and network access. “Organizations are acknowledging that they need resilience-focused Zero Trust approaches, capable of integrating endpoint and access assessments at every step. By providing the critical components needed to achieve that resiliency - deep visibility, intelligence, and firmware-embedded Persistence - we are enabling them to not only protect devices, data, and users but also ensure critical controls are operating at maximum efficacy.”
John Herrema, EVP of Products and Strategy at Absolute
New capabilities available to Absolute Secure Endpoint customers in the latest product release include:
Public API Expansion: The latest Absolute Secure Endpoint release adds new Public APIs to our existing library, allowing customers and partners to integrate our device actions into their existing workflows - significantly improving the efficiency of their existing workflows and enhancing automation capabilities.
Absolute Connector for ServiceNow™: The Absolute Connector for ServiceNow enables joint customers to access Absolute’s comprehensive asset intelligence and single source of truth within their ServiceNow platform environment – enabling them to efficiently respond to service requests, supplement their ServiceNow workflows, and rapidly demonstrate compliance.
Expanded Application Resilience™ Catalog: The Absolute Application Resilience catalog now includes support for more than 60 critical security applications that IT and security administrators can self-heal across their endpoints. Recent additions include WinMagic® MagicEndpoint™, Dell™ Trusted Device, Deep Instinct™, Norton 360™, OPSWAT™, UNOWHY™, Aranda Software™, and Pixart® MDM.
The company also announced upcoming server and client enhancements to Absolute Secure Access, including:
New Look and Feel: The names, status icons, fonts, and colors have been updated to reflect new product names and refreshed corporate brand; the core functionality and upgrade experience remain smooth and easy.
SaaS Enhancements: The SaaS offering adds native NAT capabilities and enhanced alerting.
Enhanced 5G Telemetry and Detection: Insights for Network dashboards that display cellular coverage, signal quality, and usage now include the 5G mid-band spectrum, and reflect improved 5G sensitivity.
Deeper Visibility: The Secure Access/webService API has been enhanced, offering programmatic access to key pool performance metrics, including status information for our Active/Active server infrastructure.
Faster NAC Checks: NAC capabilities are optimized, significantly reducing the time it takes for the VPN to connect and begin tunneling traffic.
Android Client Enhancements: Collecting network telemetry on Android devices can now be done with the screen off to improve battery life, ensuring that administrators have actionable device and network information even if a device is in sleep mode. The Android cryptographic libraries providing FIPS 140-2 cryptography are also updated.
The features included in the latest Absolute Secure Endpoint release are available now. For additional details, including which are available to Control, Visibility, or Resilience tier customers, visit here. The company expects to make Absolute Secure Access updates available to customers in January 2023.
About Absolute Software
Absolute Software is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by 18,000 customers, G2 recognized Absolute as a leader for the eleventh consecutive quarter in the Fall 2022 Grid® Report for Endpoint Management and as a high performer in the Grid Report for Zero Trust Networking.
DATA SECURITY, ENTERPRISE IDENTITY
SandboxAQ | September 14, 2022
SandboxAQ, an enterprise SaaS company delivering the compound effects of AI and Quantum tech (AQ) to governments and the Global 1000, today announced it has acquired Cryptosense, a leading cybersecurity and encryption analysis software company. SandboxAQ's acquisition comes just weeks after the company unveiled its Strategic Investment Program and initial investment in evolutionQ.
The acquisition of Cryptosense complements and accelerates the deployment of SandboxAQ's Post-Quantum Cryptography (PQC) solutions to corporations and government institutions worldwide. SandboxAQ's cybersecurity products enable large enterprises to scale cryptography management across their IT infrastructure, providing CISOs with a single, 360° view of how encryption is used throughout the enterprise – a critical first step in migrating to PQC.
This migration to stronger cybersecurity is important for critical infrastructure sectors such as financial services, technology, energy, biopharma, logistics, and government.
Cryptosense is used by leading technology and financial services organizations and is a fellow NIST NCCOE partner. The combined customer relationships will help SandboxAQ bring its PQC solutions to market faster and protect these organizations and their customers from existing and emerging quantum threats, such as Store Now, Decrypt Later (SNDL) attacks.
"Rapid advances in quantum computing and AI challenge the effectiveness and performance of existing cryptography-based cybersecurity solutions. The combined leadership, talent, and expertise that SandboxAQ and Cryptosense bring to the marketplace accelerates the deployment of more effective cryptography solutions to protect the world against the security threats of today and tomorrow," said Jack D. Hidary, CEO of SandboxAQ. "The caliber of the Cryptosense team is recognized throughout the information security community, with the leadership by Graham Steel and Clément Jeanjean. We welcome Cryptosense to the SandboxAQ family and look forward to our continued success as one company."
"The complementary functionality and expertise between Cryptosense and SandboxAQ enables us to build and deliver SaaS solutions at scale with higher touch customer service. PQC implementation is critical to protect the world's sensitive data and together we will make a greater impact."
Dr. Graham Steel, Cryptosense founder
Cryptosense was advised by Stifel and Hogan Lovells and SandboxAQ was advised by Morgan Lewis.
SandboxAQ is an enterprise SaaS company, providing solutions at the nexus of AI and Quantum technology (AQ) to address some of the world's most challenging problems. The company's core team and inspiration formed at Alphabet Inc., emerging as an independent, growth-capital-backed company in 2022.
Cryptosense is an enterprise SaaS company that helps organizations identify and catalog the cryptography leveraged within their applications and infrastructure. Some of the largest technology and financial services companies worldwide use Cryptosense for their cybersecurity needs. Cryptosense announced a $4.8 million funding round in May 2021 backed by Amadeus Capital Partners, Elaia Partners and BGV.
DATA SECURITY, NETWORK THREAT DETECTION, PLATFORM SECURITY
IronYun | November 01, 2022
IronYun Inc., a leader in AI vision for security, safety and operational applications, today announced the integration of the award winning Vaidio AI Vision Platform with Genetec™ Security Center. Genetec customers can now add advanced, accurate, and field-proven AI video analytics to their existing infrastructure, to improve security, safety, and operational efficiency.
"Integrating Vaidio with Security Center makes it easy to add advanced artificial intelligence to existing infrastructure to increase functionality and make security operations even more effective and efficient."
Paul Sun, IronYun CEO
With the ability to analyze video from Security Center and to seamlessly feed alerts and notifications into the Security Center interface, the Vaidio AI Vision Platform continues to build on an award-winning foundation. Vaidio won the 2020 New Product Showcase for Commercial Monitoring and received two New Product Showcase Awards in 2021 for Mobile Applications and Video Analytics. Also in 2021, IronYun partnered with DP World and Verizon to study Vaidio AI Vision in port and warehouse safety and operational applications. In addition, IronYun was recognized as a Major Player in IDC's Worldwide Video Analytics MarketScape as "a good decision for enterprises that have extensive video surveillance capabilities and want to upgrade to advanced analytics that incorporate the latest technology."
The Vaidio AI Vision Platform is an open software platform that can be deployed on-prem on servers, on edge devices, and/or in the cloud. Vaidio orchestrates multiple next-generation AI video analytics engines to provide such functions as video search, intrusion detection, license plate recognition, face search and recognition, people and vehicle counting, vehicle make and model recognition, social health analytics, and many others. Vaidio works with any IP camera and integrates out of the box with Genetec Security Center.
Vaidio AI monitors real-time video streams with superhuman accuracy, and accelerates forensic video search of stored video. The platform offers the flexibility to purchase only needed analytics, with the option to run multiple analytics on a single camera, and to add more analytic functionality over time. Vaidio's optimized, next-generation AI vision algorithms maximize hardware resource efficiency, to effectively lower overall solution costs relative to competitive alternatives.
The latest Vaidio releases add new AI-enabled safety detection, privacy blurring and associated data and user management features, a fully featured parking management application, (the first 3rd party application developed on the Vaidio platform), Vaidio Data, a robust business intelligence engine, and Vaidio Command Center, for centralized management of complex, distributed, large scale environments.
The Vaidio AI Vision Platform offers 30 AI -enabled next-generation video analytics functions for security, safety, access control and operational applications. Vaidio is an open platform that works with any IP camera, scales from 1 to 1,000s of cameras, and integrates with market leading VMSs for real-time, forensic and holistic situational awareness. The Vaidio Platform is differentiated by higher accuracy and greater resource efficiency across a vast array of advanced AI-enabled video analytics. Relative to competitive alternatives, Vaidio can reduce hardware requirements up to 80%, and false alerts up to 99.995% -- reducing both up front and long-term operating costs.
IronYun has evolved the artificial intelligence at the core of the Vaidio Platform to create a resource-efficient, open platform that is field-proven to maximize accuracy and performance across the industry's broadest array of analytics functions. We are NDAA approved, headquartered in Stamford, CT, and our Vaidio Platform is deployed across tens of thousands of cameras for government, healthcare, education, retail, transit and enterprise customers worldwide.
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.