Showing posts with label security. Show all posts
Showing posts with label security. Show all posts

Thursday, September 18, 2014

Israeli Security Company Sentrix Raised 6 Million from Magma VC and Cedar Fund

Sentrix, formerly Foresight-Air, has opened its first US office in Boston, MA after securing more than $6 million in funding from Magma Venture Partners, Cedar Fund, Israel’s Chief Scientist program (OCS) and Board members. Sentrix is using the funds to significantly redefine website security in order to better protect today’s organizations against a rapidly evolving threat landscape.

Sentrix’ cloud-based, context-aware website security solutions protect websites against data breaches, as well as known and unknown cyber attacks including: DDoS, OWASP Top 10, Defacement, Zero Day and more. Web Protection and DDoS attacks are 2 of the 3 major security concerns that enterprises have today, according to a 2013 report from Ponemon. The solutions empower security teams with enterprise-grade SECURITY, SIMPLICITY in management and maintenance, as well as SPEED, by maximizing website performance.

Today’s enterprises need to choose between minimal protection – mainly against known threats/signatures – using SMB targeted cloud-based filtering services, or a higher level of protection – using an on-premise Web Application Firewall, which involves long and costly configuration processes and endless maintenance cycles. The former is easy to deploy yet very easy to bypass, while the latter slows time to market and puts a significant burden on security teams in terms of configuration and ongoing analysis.

The Gartner Magic Quadrant for Web Application Firewalls specifically states that: “Dedicated DDoS protection, WAFs and next-generation firewall technologies overlap for protocol attacks, provide very limited synergies and are not fully efficient against volumetric attacks.” [Jeremy D'Hoinne, Adam Hils, Greg Young, Joseph Feiman, Gartner WAF Magic Quadrant, June 2014]

Sentrix’ ground-breaking technology has broken current paradigms by providing high security from known and unknown attacks while simultaneously reducing the complexity of deployment and operation by an order of magnitude (from weeks and months to days). See how it works.

“Sentrix is attracting a growing number of mid-size and large enterprises in the financial services, telecom, education, government, manufacturing and other sectors. Our customers use Sentrix to protect their websites against the entire range of Web Application attacks, and benefit from dramatic improvements in website security and management simplicity,” explained Ofer Wolf, Sentrix CEO. “By reducing the attack surface and simplifying the complexity and cost of maintenance, the solution cuts management time by up to 80% and reduces TCO by up to 50%.”

U.S. and Leadership Expansion

With news of its funding and U.S. expansion, Sentrix has also expanded its leadership team. Veteran executive appointments, along with an expanded Board of Directors, will help guide the Company’s proven and powerful cyber security technology toward rapid growth in the U.S. and Europe.

“The gap between the cost of attacks and the cost of prevention is skyrocketing, forcing organizations to look for innovative solutions that disrupt traditional approaches,” stated Zeev Bregman, Sentrix’ new Chairman of the Board and former CEO of NICE and Comverse, Inc. “Sentrix has developed an approach that empowers security teams to sensibly manage their web security operations while focusing on what’s really important.”

“I’ve been working with dozens of executives in the industry over the years and consistently hear a strong, clear demand for advanced web security solutions that offer high security protection, as well as instant and simple integration, while significantly reducing management overhead and limiting operational costs,” explained Amir Orad, Sentrix’ new Board Member and Former CEO NICE Actimize and Cofounder of Cyota (RSA).

As part of its U.S. expansion, Sentrix has opened a new Boston-area office located at 1050 Winter Street in Waltham, MA. Sentrix co-founder Israel Barak has relocated to the area and will be managing the North American expansion.

Source: BusinessWire

Thursday, September 11, 2014

Israeli cyber security company CyberArk to kick-off $75 million IPO

Israel-based cybersecurity software company Cyber-Ark Software Ltd. kicks off its roadshow Thursday, aiming to start trading on the Nasdaq on Sept. 22, according to people familiar with the matter.

The company will issue about 5.5 million primary shares, looking to raise $75 million for a valuation ranging between $400 million and $500 million, these people said.

Cyber-Ark makes security software for businesses that aims at protecting against intruders hacking into users' accounts. The company was founded in Israel in 1999 and its headquarters and main research and development center is in Petah-Tikva, on the outskirts of Tel Aviv. The company's U.S. headquarters are located in Newton, Mass., and it also has offices in the U.K., France, the Netherlands and Singapore.

Cyber-Ark filed publicly for an IPO on Nasdaq on June 24th. According to the company's prospectus, after registering revenues of $36.4 million in 2011, the company's revenues in 2012 rose to $47.2 million in 2012 and $66.2 million in 2013. Cyber-Ark's net income grew from $5.9 million in 2011, to 7.9 million in 2012 and went down to $6.6 million in 2013.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers of the offering. The company filed to be listed under the stock ticker symbol CYBR.

The biggest shareholder in the company is Jerusalem Venture Partners, which owns a stake of more than 40%. Jerusalem Venture Partner's founder, Erel Margalit, is a member of the Knesset, Israel's parliament. Other active investors in Cyber-Ark include Vertex Venture Partners and Cabaret Holdings.

Source: Wall Street Journal

Wednesday, September 10, 2014

Israeli Cyber Security Start-Up LightCyber Raised $10 Million

Light Cyber Ltd., an Israeli based cyber-security start-up, has raised $10 million in a new funding round led by Battery Ventures. Also participating in the round are existing investors Glilot Capital Partners, which led the company’s previous round, and Marius Nacht, one of the co-founders of Check Point Software Technologies. 

Founded in 2011 by veterans of the Israel Defense Force’s technological units, Lightcyber makes a data security system that it says enables companies to detect cyber penetrations early on.

Once deployed the technology creates a profile for users and devices in the company’s systems. The profile is based on data gathered from the network, devices, and users and detects anomalies based on a benchmark it creates.

“Over the last few years we’ve seen that security products do not keep hackers out. Once the attackers are in they can stay dormant for weeks and months before actually making their move. We have found exploits in every single enterprise our software was deployed in, even in off-line systems,” said Gonen Fink, chief executive officer of LightCyber.

LightCyber started selling its product in 2013 and says it currently has dozens of clients, among them banks, law firms, and government agencies. 

“In today’s landscape of advanced, persistent threats, old-fashioned, perimeter security measures are no longer sufficient. Today, a company’s security arsenal must contain technology that can identify malicious activity in the internal network with a minimum of false-positives,” said Battery’s Parnafes.

Earlier this month Israeli Cyber-Security Startup GuardiCore Ltd. announced an $11 million funding round, also led by Battery Ventures. ThetaRay Ltd. another Israeli cyber security start-up, announced an investment of $10 million in late July.

Source: Wall Street Jurnal

Wednesday, August 20, 2014

Israeli Technology to secure ATMs in China

Risco, an Israel-based security technology company, has entered into
agreements with Chinese banks to equip their ATMs with sensors to monitor the
physical state of the machine, according to a report by
The Times of Israel.

The article said that Risco has not disclosed the names of the banks nor
the exact number of ATMs to have sensors installed, though they did say the
latter would be in the "tens of thousands." 
Simple sensors will alert if the machine is tipped, shaken, or struck.
More sophisticated seismic sensors will monitor for tampering efforts that use
drills, sledgehammers, heat and explosives, and other behaviors inconsistent
with the ATM's normal range of transactions. 

Risco is considered one of Israel’s premier security
firms. Recently the company’s technology was one of a handful chosen to
provide security service for the World Cup games in Brazil. Officials at the
new $300 million Arena Pantanal in Cuiabal used RISCO’s Command and Control
solution to secure the hundreds of doors and turnstiles in the arena, providing
protection from unauthorized entry and counterfeit tickets.

Check out an interesting video:

Monday, August 18, 2014

Israeli Cyber-Security Startup GuardiCore Raises $11 Million

Cyber-security start-up GuardiCore Ltd. has raised $11 million in a series-A round. The Tel-Aviv based company develops cyber security solutions for data centers. 

The company’s product reroutes malicious traffic into a monitored server, where it provides insights into the nature of the attack.
The technology is currently being tested with potential customers. 

The investment round was led by Battery Ventures, with participation from Greylock IL , an affiliate fund of Greylock Partners, and undisclosed strategic partners. As part of the investment Battery’s Scott Tobin will be joining GuardiCore’s board. GuardiCore was founded in 2013 by Pavel Gurvich and Ariel Zeitlin, both veterans of Israel Defense Forces technology units.

Data centers are home to critical corporate data and business processes, making them a lucrative target for cyber-attacks. Traditional perimeter security is not designed to deal with today’s threats where attacker sophistication and the risk of insider attacks are growing and modern data center architectures increasingly include applications that cross security perimeters. At the same time, recent architectural changes in data centers have led to an explosion of intra-data center (“east-west”) traffic at terabit levels. State-of-the art security techniques such as IDS, IPS, sandboxing, deep packet inspection, and threat emulation cannot scale to these data traffic rates, and are therefore largely considered to be impossible to apply inside data centers. Once inside a data center, intruders are very difficult to detect and mitigate.

The GuardiCore platform helps solve this intra-data center security problem by making state-of-the-art security techniques scalable to keep pace with east-west data traffic. The company’s first platform component, called “Active Honeypot,” responds to attacks by dynamically re-routing traffic, without the attacker knowing, to a highly monitored stealth “ambush” server. This approach exposes the true intentions of an attacker, provides quick insights about the nature of the attack and eliminates it in real-time.