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.
PLATFORM SECURITY, SOFTWARE SECURITY
Netpluz | October 12, 2022
Netpluz, a one-stop Managed Communications Service Provider in the region, has teamed up with two leading security platforms, Stellar Cyber and Ridge Security, to provide more comprehensive cybersecurity services for Small and Medium-sized Enterprises (SMEs) across the Asia Pacific.
Netpluz eSentinel™ is a cloud-based, all-in-one managed cybersecurity platform that offers comprehensive protection of confidentiality, integrity, and availability of computer systems and networks against cyber-attacks and unauthorized access. The partnerships with Stellar Cyber and Ridge Security will significantly enhance the cyber defence capabilities of eSentinel™ in two main areas, namely Managed SOC (Security Operations Centre) and VAPT (Vulnerability Assessment and Penetration Testing).
With the adoption of Stellar Cyber's Open XDR platform and ingestion of data from multiple different sources, eSentinel™ Managed SOC service will offer high-fidelity threat detection and incident correlation through AI, automated threat hunting and response. MTTD (Mean Time to Detect) and MTTR (Mean Time to Respond) will also improve tremendously by more than eight and twenty times, respectively.
Ridge Security's pioneering product, RidgeBot®, is an intelligent risk-based vulnerability management and automated pentest robot that value-adds to eSentinel™ VAPT service. RidgeBot® acts like human attackers, relentlessly locating exploits and documenting the findings. Unlike humans, RidgeBot® comes armed with dynamic attack strategies to exploit before moving on to the next target.
"With digitalization accelerated by the pandemic, adopting technology as part of strategic growth is now at the forefront of many organizational agendas, even for SMEs. In fact, we see SMEs looking at digitalization for business and growth opportunities in the long term – driving stronger demand for managed cybersecurity services. "Responding to this demand, we are thrilled to work with Stellar Cyber and Ridge Security to deliver enterprise-grade and cost-effective managed cybersecurity services to businesses in the Asia Pacific."
Mr Lau Leng Fong, Chief Executive Officer of Netpluz
Such collaborations extend Netpluz's comprehensive selection of business-focused solutions and align with the company's vision to be the top Managed Communications Service Provider in the Asia Pacific.
With the evolving digital landscape, cybersecurity is now an integral part of communication services and an even more significant concern for SMEs. Unlike large enterprises, SMEs are often more vulnerable to cyber-attacks due to the lack of strong technological defences, less awareness of threats, and a shortage of talents and resources to invest in cybersecurity.
This is where Netpluz comes in. With an increasing focus on offering managed cybersecurity services, Netpluz has established a high-availability Security Network Operation Centre (SNOC) spanning its regional operations, to provide round-the-clock monitoring, detection and response of its customers' IT devices, systems, and network infrastructure. To further strengthen its cybersecurity capabilities and processes, Netpluz has also attained certifications, including CREST Certification, CSA Cyber Trust mark (Advocate), ISO/IEC: 27001:2013, and MTCS Standard. Netpluz is also a Cybersecurity Service Provider (CSP) licensed by the Cyber Security Agency of Singapore (CSA), enabling the company to provide secure and reliable services to customers in Singapore and across the Asia Pacific region.
Netpluz is a transforming Managed Communications Service Provider that helps clients become more agile by simplifying their Information and Communications Technology (ICT) needs. With humble beginnings in 2015 serving business internet connectivity, acquisition of MediaRing business assets and merger of Y5Zone Singapore in 2016, Netpluz has evolved from an Internet Service Provider (ISP) to providing Managed Data, Cloud, Cybersecurity, Voice, Video, and Mobility services to over 2,000 clients over a single, converged network with uncompromising availability, scalability and service standards.
Backed by decades of industry expertise, experience and global technology partners, Netpluz managed services are designed and operationalized with cost efficiency to fit business needs. With an unwavering dedication to delivering quality services to its clients, Netpluz aspires to become the top Managed Communications Service Provider in the Asia Pacific.
About Stellar Cyber
Stellar Cyber's Open XDR platform delivers Everything Detection and Response by ingesting data from all tools, automatically correlating alerts into incidents across the entire attack surface, delivering fewer and higher-fidelity incidents, and responding to threats automatically through AI and machine learning. Its XDR Kill Chain™, fully compatible with the MITRE ATT&CK framework, is designed to characterize every aspect of modern attacks while remaining intuitive to understand. This reduces enterprise risk through early and precise identification and remediation of all attack activities while slashing costs, retaining investments in existing tools and accelerating analyst productivity. The company is based in Silicon Valley.
About Ridge Security
Ridge Security enables enterprise and web application teams, ISVs, governments, education, DevOps, anyone responsible for ensuring software security to affordably and efficiently test their systems. The management team has years of networking and security experience. Ridge Security's robotic security validation system RidgeBot, fully automates the penetration testing process and emulates adversary attacks to validate an organization's cybersecurity posture.
DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Absolute Software | September 20, 2022
Absolute Software™ , the only provider of self-healing, intelligent security solutions, today announced a partnership with Trellix, enabling Absolute Resilience® customers to extend its patented Absolute Persistence® technology to Trellix Endpoint Security (ENS). With this latest addition to the company’s Application Resilience™ ecosystem, joint customers can leverage the power of Absolute’s firmware-embedded connection to ensure Trellix’s leading endpoint protection solution remains healthy, installed, and working effectively.
Anchored by its unique Persistence technology residing embedded in more than 600 million endpoints, Absolute provides an undeletable digital tether to every device to help ensure the highest levels of resiliency. Absolute Application Resilience leverages this unbreakable, two-way connection to monitor mission-critical security applications’ health and behavior; detect if missing, corrupted, or not running; and automatically repair or reinstall components when necessary - without requiring human intervention.
“Our unique intelligence shows that today’s complex and widely distributed device environments have put endpoint agents at constant risk of colliding with other applications, or being disabled by malicious or negligent users. “By joining our Application Resilience ecosystem, Trellix is taking the critical steps needed to enable our joint customers to harden their mission-critical endpoint application and strengthen their overall endpoint security posture.”
Edward Choi, SVP of Global Alliances at Absolute Software
“We are proud to collaborate with leading software vendors to improve security outcomes for our customers,” said Britt Norwood, Senior Vice President, Global Channels & Commercial at Trellix. “Organizations across the globe rely on Trellix every day to protect, and adapt to, their changing business needs in a dynamic threat landscape. We’re thrilled to see Absolute Software support Trellix ENS in its Application Resilience ecosystem and extend this value to our joint customers.”
Trellix Endpoint Security is part of an integrated suite of technologies that uses analytics and machine learning to provide effective protection—including the flexibility to connect to security products from other vendors. Trellix endpoint solutions enable organizations to apply proactive threat intelligence and defenses across the entire attack lifecycle.
Absolute’s expansive Application Resilience catalog is comprised of more than 60 security and business applications needed to enable a secure, reliable, and resilient work from anywhere experience.
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 nearly 18,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 20022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.
DATA SECURITY, PLATFORM SECURITY
Orange Cyberdefense | September 23, 2022
Orange Business Services, a global network-native digital services company, Orange Cyberdefense, a leading cybersecurity services provider, and Netskope, a leader in secure access service edge (SASE), are partnering to deliver a new SSE (Security Service Edge) solution embedded into the Orange Telco Cloud Platform. The enhanced solution is designed to deliver optimal performance with maximized security, meaning enterprises will no longer need to find a compromise between the two.
A decade of shifting to cloud and mobile computing, along with the ever-present demands of hybrid work environments, have put security and networking requirements on a collision course. While SSE addresses the security challenges, enterprises need to incorporate them into overarching connectivity strategies to realize the full benefits of SASE.
The partnership will leverage Orange Cyberdefense’s security expertise and Netskope’s global security private cloud footprint and SSE leadership, enabling Orange Business Services to deliver consistent internet security on and off the network. This will help protect enterprise customers from data loss and the growing volume of sophisticated threats across cloud, web and private applications, with the full attributes of a cloud-native platform.
The co-managed solution will reduce complexity for enterprises, providing continuously updated cloud security via the Orange Business Services Telco Cloud Platform. Telco Cloud Platform is a revolution in the way networks are built, run, and managed with enhanced performance. The software-defined approach optimized for telco workloads allows for greater agility and cost reduction.
Securing an enterprise’s most important assets: people and data
This innovative hybrid architecture embeds Netskope’s points-of-presence (POPs) within the Orange network, strengthening the Orange customer value proposition by delivering the benefits of the Orange network, including speed and agility, while enabling customers to tap into the power of Netskope Intelligent SSE.
Netskope Intelligent SSE provides granular visibility and real-time data and threat protection for cloud services, websites, and private apps accessed from anywhere, on any device.
“Cloud transformation and hybrid work models mean that traditional security architectures are no longer effective or efficient. Plugging our market leading platform into Orange’s network will enable Orange to significantly increase its offering to enterprises looking to secure data without limiting business productivity.”
Sanjay Beri, CEO, Netskope
“Increasingly enterprises are using the internet as their only WAN transport, even in a growing threat landscape. Working together we are delivering Orange customers a SASE-ready WAN edge while upgrading the security of the enterprise’s network without downgrading the user experience.” says Hugues Foulon, CEO, Orange Cyberdefense.
“This innovative partnership is an important part of our Evolution Platform concept designed to simplify connectivity, cloud, and security and support business outcomes from end-to-end, providing real-time protection for our users, their applications, and data, wherever they are. It underscores our position as a trailblazer in SSE and managed services, providing the right balance of performance, speed, and protection to our customers,” adds Aliette Mousnier-Lompré, CEO, Orange Business Services.
About Orange Business Services
Orange Business Services is a network-native digital services company and the global enterprise division of the Orange Group. It connects, protects, and innovates for enterprises worldwide to support sustainable business growth. Leveraging its connectivity and system integration expertise throughout the digital value chain, Orange Business Services is well placed to support global businesses in areas such as software-defined networks, multi-cloud services, Data and AI, smart mobility services, and cybersecurity. It securely accompanies enterprises across every stage of the data lifecycle end-to-end, from collection, transport, storage and processing to analysis and sharing.
Netskope, a global cybersecurity leader, is redefining cloud, data, and network security to help organizations apply Zero Trust principles to protect data. Fast and easy to use, the Netskope platform provides optimized access and real-time security for people, devices, and data anywhere they go. Netskope helps customers reduce risk, accelerate performance, and get unrivaled visibility into any cloud, web, and private application activity. Thousands of customers, including more than 25 of the Fortune 100, trust Netskope and its powerful NewEdge network to address evolving threats, new risks, technology shifts, organizational and network changes, and new regulatory requirements.