Cyber Space Innovations

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Cyber Space Innovations

Five recent innovations in cybersecurity are Intuitive Intrusion Detection technology, Detecting Endpoint Compromise in Messaging technology, Simple Image Preview in Live Environment (SlmPLE) technology, user-behavior analytics and embedded hardware authentication. Four cybersecurity startups within the US are Abnormal Security, DataGrail, Obsidian Security and Prevailion.

INNOVATIONS

Intuitive Intrusion Detection

  • Intuitive intrusion detection is a new technology that can detect new cyber threats without having to be taught beforehand what those threats could be. Additional benefits of the technology include that it uses less power than traditional systems and offers more flexibility in use.
  • The technology addresses new cyber security threats that are rapidly evolving since the technology does not need to have previous knowledge of what the threat could be.
  • ComWorth Co., Ltd SwiftWing SIRIUS appliances have an intuitive Intrusion Detection System pre-installed on them.

DECIM

  • A new technology, Detecting Endpoint Compromise in Messaging (DECIM), has been developed to ensure that data or messages sent from one device to another is secure, even if one device is less secure than the other. DECIM works by automatically having the recipient’s messaging tools "certify new key pairs [and] store the certificates in a tamper-resistant public ledger."
  • DECIM specifically addresses the threat of third parties ‘eavesdropping’ on conversations between devices over the long term without either user knowing.
  • This technology has not yet been used by any company, but was developed by researchers at the University of Birmingham.

SImPLE

  • Simple Image Preview in Live Environment (SlmPLE) is a new tool that uses adaptive algorithms to "enable rapid identification of offensive and/or illegal digital materials by moving images of investigative interest in and out of device memory and displaying them for inspection" without impacting the functionality of the system.
  • The technology helps "streamline digital forensic investigations" which are generally very time-consuming and labor-intensive.
  • The Western Australia Police Force is using this technology with help from researchers at Edith Cowan University.

User-Behavior Analytics

  • Cybersecurity companies are using user-behavior analytics to monitor for potential identify breaches, where a third party has obtained a company user name and password and is attempting to steal company data.
  • By using big data analytics to monitor user behavior, companies can identify abnormal activity and detect an attack in progress, which previously may not have been identified until the attack was completed.
  • One cybersecurity company offering this user-behavior monitoring service is Bay Dynamics.

Embedded Hardware Authentication

  • Embedded hardware authentication combats the threat of a user's login information being compromised by providing another layer of authentication.
  • Intel has pioneered this technology with their Sixth-generation vPro Chips.


STARTUPS

Prevailion

  • Prevalion is a cybersecurity startup based in Fulton, MD.
  • The company has raised $11.7 million through a Seed Round, Series A, and Corporate Round. Investors are Legion Capital, AllegisCyber and DataTribe. Estimated annual revenue is $1.5 million.
  • Prevailion is disrupting the way cybersecurity threats are monitored for by providing "a business compromise intelligence platform that uses nation-state level tools to clandestinely monitor the internet to catch breaches before they happen."
  • Prevailion's mission is to "help organizations reduce cyber risk by providing clear, real-time, and continuous visibility into compromises affecting their entire ecosystem, giving them a competitive edge and empowering them to make strategic business decisions about how, when and with whom to share access to their networks.

Obsidian Security

  • Obsidian Security is a cybersecurity startup headquartered in Newport Beach, CA.
  • The company has raised a total of $29.5 million after Series A and Series B funding rounds. Wing Venture Capital was the lead investor on the Series B round, while Greylock Partners was the lead investor for the Series A. The company has estimated annual revenues of $1 million.
  • Obsidian Security uses advanced machine learning to review "user activity, permissions and configuration data" to provide security and identity management that is completely visible and efficient.
  • The company's mission is to "detect and respond to emerging threats in SaaS and cloud services."

DataGrail

  • The company has raised $9.2 million through one Angel Round and two Series A rounds. The lead investor has been Cloud Apps Capital Partners. The company has an estimated annual revenue of $310,000.
  • DataGrail is specifically geared towards helping companies in states like California and Nevada comply with new privacy regulations. The company stated "discovering and mapping personal data within seconds allows DataGrail customers to reduce inefficiencies and eliminate error-prone processes, while helping them continuously comply with data privacy regulations."
  • The company mission is "to make compliance with CCPA, GDPR and other emerging regulations simpler."

Abnormal Security

  • So far, the company has raised $24 million in a single Series A funding round, with the sole investor being Greylock Partners. While the revenue is not disclosed, the company is estimated to have annual revenues of $2.1 million.
  • The company uses "a combination of identity models, relationship graphs and content analysis" to better protect clients from unknown or targeted email attacks that could cause account takeover or financial damage.
  • The company mission is "Abnormal is the email security company that stands for trust."
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