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Hacking

Cyber security specialist Trend Micro launches $100m venture fund

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Trend Micro has launched a corporate venture fund to explore emerging technology markets with an initial investment of $100 million.

The fund will nurture a portfolio of startups that are incubating ideas in hyper growth markets, such as the Internet of Things (IoT).

Japan-based Trend Micro cites Gartner data, which estimates 26 billion devices will be connected to the Internet by 2020

Eva Chen, founder and chief executive officer for Trend Micro, said:”Trend Micro’s vision has always been to make the world safe for exchanging digital information. The explosion of devices is transforming how the world works, thinks and acts. It is clear that the ecosystem is still evolving and there is work to do to ensure organisations and individuals can operate and live safely in this new reality.”

Trend Micro’s venture will offer companies financial backing, access to its global threat intelligence, strategic alliances, as well as its channel of more than 28,000 partners.

In return, the company says working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps and skillset shortages – influencing its cybersecurity solution planning.

“We have a 29-year history of successfully anticipating technology trends to secure all types of environments,” said Chen. “The first mega wave we caught was the growth of the PC marketplace; we committed early on to endpoint protection and remain a Leader in Gartner’s Magic Quadrant for Endpoint Protection Platforms today2. The second mega wave was all about the cloud; we made a bet early on to securing the cloud and so far we have secured over two billion workload hours on Amazon Web Services (AWS) alone. Now, we believe the next wave has arrived with IoT; our fund will help us harness this opportunity.”

 

Tim Cook

Apple and Cisco team up for cheaper corporate cyber security insurance

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Apple and Cisco Systems have teamed up on an initiative they claim should enable businesses to secure cheaper cyber security insurance.

The tech giants shared a stage in Las Vegas to pitch the idea that if companies are using a combination of their respective technologies, which both claim are more secure than rivals such as Android, then this should be reflected in the pricing of premiums.

There were few details of how this would work in practical terms, but Apple CEO Tim Cook (pictured) said: “The thinking we share here is that if your enterprise or company is using Cisco and Apple, the combination of these should make [cyber-security] insurance cost significantly less. This is something we’re going to spend some energy on. You should reap that benefit.”

Cisco elaborated a little further in a blog post, stating that the partners were “collaborating with insurance industry heavyweights… to offer more robust policies to customers.”

One area the company is looking at is continuous security monitoring, with checks and balances available to insurers so they can see if systems have been set up and configured correctly.

It’s an interesting development, which will almost certainly illicit a response from rivals in the corporate IT and software sectors.

Security IT Summit

EVENT PREVIEW: Security IT Summit

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The Security IT Summit will be logging in to the Hilton London Canary Wharf next Tuesday (July 4th), giving senior cyber security professionals the opportunity to meet, learn and do business in what is a unique industry event format.

Delegates from some of the largest companies in the UK will discover the latest IT security solutions, while having the chance to learn, first hand, in a keynote seminar how ex-fraudster Elliot Castro managed to scam call centres and individuals out of £2 million.

Elsewhere, Martin Landless of LogRhythm will present Threats are evolving: A new approach to cyber security is required, focussing on the early detection of, and the response to threats.

In addition, CensorNet’s Richard Walters will discuss Going beyond CASB to manage tomorrow’s threat landscape. He will take a look at how the increasing adoption of cloud applications is driving the market need for a context and user behaviour-driven security approach.

Delegates at the Security IT Summit will be representing companies including Kingfisher, GE Capita, RWE Innogy, Specsavers, Sainsbury’s, Bank of America Merrill Lynch, NGC, Astellas, Aviva, The Open University, Nomura, Clifford Chance, Barking, Havering & Redbridge NHS Trust, SSP Group, DST (International financial data services), Ford Credit Europe, The Hillingdon Hospitals, SI Group, Cancer Research UK, Close Brothers, Westfield (Europe), The Celtic Manor Resort Amnesty International, Worldpay and many more.

Attending solution providers include LogRhythm, Bomgar, Celestix, Darktrace, ESET, LGC, Onapsis, Okta, Performanta, Pervade Software, PhishMe, PT Global Solutions, SonicWall, Twist and Shout Media, Unipart Security Solutions, Varonis, WinMagic Data Security and more.

To find out more about the Security IT Summit, contact Haydn Boxall on 01992 374 084 or email h.boxall@forumevents.co.uk.

LogRhythm

INDUSTRY SPOTLIGHT: LogRhythm Threat Lifecycle Management

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LogRhythm, a leader in Threat Lifecycle Management, empowers organisations around the globe to rapidly detect, respond to and neutralise damaging cyberthreats.

The company’s patented award-winning platform unifies next-generation SIEM, log management, network and endpoint monitoring, user entity and behaviour analytics (UEBA), security automation and orchestration (SAO) and advanced security analytics.

In addition to protecting customers from the risks associated with cyberthreats, LogRhythm provides compliance automation and assurance, and enhanced IT intelligence.

Among its many industry accolades, LogRhythm has been positioned as a Leader in Gartner’s SIEM Magic Quadrant, received SC Labs’ “Recommended” rating for SIEM and UTM for 2017 and won “Best SIEM” in SANS Institute’s “Best of 2016 Awards.”

Calipsa launches next-gen video surveillance

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British start-up Calipsa has launched its next generation video surveillance technology, built on Deep Learning models.
The technology revolves around algorithms that can process and analyse hours of video feeds to provide alerts and detailed reports for applications where real-time video monitoring is key, including traffic enforcement, road accidents and public disorder.
The Calipsa engine uses a feedback loop to continuously evolve and improve over time. Human operators can ‘teach’ the artificial intelligence using a simple point and click interface, which automates repetitive parts of their jobs. Designed to work with any existing camera or video source, the technology can be deployed quickly via the cloud or on-premise, with no retrofit required. Calipsa is highly adaptable to all weather and lighting conditions, with 95 per cent accuracy.
“There are around 250 million video surveillance cameras in operation worldwide today, capturing 1.6 trillion hours of video annually. Yet despite the fact that we live in the 21st century, the majority of video surveillance carried out by the police, military, transport operators and security companies, is still done by humans,” explains Mohammad Rashid Khan, co-founder and CEO at Calipsa. “This doesn’t make sense, as it’s very time consuming, expensive and inefficient. You can imagine that manually viewing huge quantities of video data for hours and hours can lead to fatigue, loss of attention, and most important, errors – at a time when video surveillance has never been more critical in our society.”
The Calipsa team, which comprises expertise from universities including Cambridge, Imperial College London and UCL, has raised a seven figure seed funding round from a number of well-respected venture capitalists, including LocalGlobe, Horizons Ventures and Entrepreneur First – which have backed some of the biggest companies in the world.
Calipsa is already working with customers in the UK, France and India and is now seeking strategic partners to take its technology to the market.
www.calipsa.io

Security

GUEST BLOG: The WannaCry fallout – It’s not just hospitals looking for extra protection

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By Claire Stead, Online Safety Expert at Smoothwall

It is without doubt that the international uproar and magnitude of the WannaCry cyber-attack on the NHS has left many organisations on edge. Unfortunately, this is the digital world organisations now live in, with cyber-crime now accounting for 50% of all UK crime. Not only that, but ransomware attacks have risen by 600% from 2015 to 2016, highlighting how much more serious ransomware and other cyber-attacks are becoming.

It seems that the NHS’s cyber-attack has been a wake-up call for organisations, as we at Smoothwall have seen a notable increase in the number of inbound requests from organisations not in healthcare, but in business and education looking to shore up their security offerings. What’s clear, is that this has been a wake-up call for each and every industry sector, whose fingers have just got that little bit closer to the panic button.

All organisations, no matter how large or small, public or private sector, need to realise that they have a target on their backs and make cyber security a top priority. They need to have both the cyber security tools and processes in place, as well as an on board workforce to ensure their cyber security is as tight as possible.

All members of an organisation need to be educated to understand the importance and risks around cyber security, and the appropriate processes to follow to keep hackers out, and data safe and secure. This goes throughout the organisation from the c-suite to the rest of the workforce. It is common knowledge that human error accounts for the majority of cyber security incidents with many businesses not investing in the training of their staff to ensure they can detect against malicious email, web pages or links. Organisations need to instil a cyber security mantra within its employees, so that they do not become the weak link in the cyber security chain.

Our approach is simple and is summed up using our 4Ps:

Perception – the security mindset must now be shifted to a ‘security first’ policy. Businesses, schools and hospitals now have to put security at the forefront of all their policies as the risk of an attack grows year by year.

Policy – whether in a school or a business, pupils/staff need educating about the risks of their actions and know the security measures in place to mitigate those risks. This could be anything as simple as regularly updating complicated passwords to recognising ‘phishing’ emails.

Protection – a layered security programme, creating a brick wall of security that can verify the organisation is constantly protected.

Proactivity – it’s no good to have a security programme installed and to never think on it again. The landscape is developing at an incredible rate, and as a result, schools need to ensure that they are keeping up to date with the latest updates and improvements to ensure that they are protected as best they can be.

No cyber security programme is ever going to be 100% secure, but with the right measures and tools in place, with a fully compliant team on board, it will give organisations that much more of a fighting chance against the threats of cyber criminals.

Thailand Children

Thailand commits $3.8m to monitor social networks, beefs up cyber security laws

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Thailand’s Digital Economy Ministry aims to spend 128.56 million baht ($3.8 million) acquiring software to strengthen the military government’s ability to track online networks and monitor online activity.

According to Reuters, the software will include a ‘social network data analysis system’, which would monitor and map individuals and relationships of over a million online users. Authorities are increasingly targeting social media for violations of a law that makes it a crime to insult or threaten the king, queen or heir to the throne.

“The software will sweep and store all data available on social media to be analysed and monitored,” Teerawut Thongpak, director of the ministry’s Digital Service Infrastructure Department, told Reuters.

Thongpak confirmed that the government would post a tender for the software and then consider offers.

Thailand’s military government has arrested numerous people on suspicion of posting material on Facebook and other social media platforms who they see as violating the ‘royal insult law’ since the May 2014 coup, with legal watchdog group iLaw reporting that 59 people have been found guilty of online posts, along with one man this month jailed for 35 years.

Thailand’s military government are also pushing for a cyber security bill, with the aim to increase national security, allowing the state to access data of anyone it suspects, amid growing concern from civil society and business groups that the bill will give the government powers for mass surveillance.

The digital ministry said Thailand had to protect itself against crime and denied the procurement of the software and the legislation were aimed at surveillance.

“This isn’t about violating privacy but protecting the network,” Somsak Khaosuwan, the ministry’s deputy permanent secretary, told Reuters.

IT Security Briefing

Welcome to the IT Security Briefing

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We’re delighted to introduce the IT Security Briefing (formerly eConnect for Security) – your one-stop source of cyber security news, in-depth analysis, events and jobs.

The IT Security Briefing is brought to you by Forum Events, the company behind the enormously popular Security IT Summit, Total Security Summit, eTailing Summit and Education Forum – four highly-focused events that bring security and IT professionals and key industry solution providers together for one-to-one business meetings, interactive seminars and valuable networking opportunities.

We’ll be delivering the latest news and topical discussion from across the IT security sector, directly to the people who matter – through this new-look online portal and a fortnightly email newsletter to 10,000 subscribers.

Our readership includes senior buyers and caters for all sectors, including Access Control, Anti-Virus, Cloud Web Security, Data Theft/Loss, DDoS Protection, Intrusion Detection, IPS, Legislative Changes, Malware, Mobile Security, Network Security Management, Secure e-Commerce, Trojan Detection and UK Cyber Strategy, plus the countless suppliers who provide the sector with essential products and services.

For all IT Security Briefing editorial enquiries, contact Darrell Carter on 07967 947 076 or email Darrell.Carter@mimrammedia.com.

For all advertising enquiries, please contact Haydn Boxall on 01992 374084 or email h.boxall@forumevents.co.uk.

Security IT Summit

Buyers and suppliers converge at the Security IT Summit 2017

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Time is running out to secure the remaining complimentary VIP delegate spaces and supplier stands at the Security IT Summit, which takes place at on July 4th 2017 at the Hilton London Canary Wharf.

The Summit is a highly-focused event that brings senior cyber security professionals together for one-to-one business meetings, interactive seminars and valuable networking opportunities.

Delegates will meet with only the most trusted solution providers, who will be able to talk through projects, concerns and obstacles, offering the best advice as well cost-saving solutions.

Confirmed suppliers include LogRhythm, 10Duke, Bomgar, Celestix Networks, CensorNet, Darktrace, ESET, Infradata, LGC, Onapsis, Okta, SonicWall, Performanta, Pervade Software, PhishMe, PT Global Solutions, Twist & Shout Media, Unipart Security, Gemserv, IDECSI, OneLogin, Varonis, WinMagic Data Security and Zonefox. Confirmed delegates include representatives from UBS, Kingfisher, GE Capital, RWE Innogy, Specsavers, Sainsbury’s, Arcadia, Bank of America Merrill Lunch, NGC, Astelias, Nomura, Clifford Chance, Save the Children, Aviva, The Open University, Tesco, Nomura, Barking, Havering & Redbridge NHS Trust, The Hillingdon Hospitals, Close Brothers, London Borough of Hackney, The National Trust, Westfield (Europe), SAS International, The Celtic, Worldpay, SSP Group, DST, Ford Credit Europe, SI Group, Cancer Research UK, Impeliam Group, L&Q, RNLI, Smart Communications, Vaultex UK, Elysium Healthcare, ERM, Yorkshire Housing, Motor Insurer’s Bureau, Just, Kennedy Group, Morgan Hunt, Simply Business and many more.

Delegates will also learn about the latest cyber security trends in educational seminar sessions led by some of the industry’s leading lights. Topics include ‘Threats are evolving. A new approach to cyber security is required’, ‘Going beyond CASB to manage tomorrow’s threat landscape’ and what looks set to be a very interesting session by ex-fraudster Elliot Castro on ‘Fraud: How it’s done – and what to look for’.

It’s a proven format and one that has worked for many IT security professionals in the past, as former delegates testify:-

“Worthwhile event with the opportunity to meet a number of vendors in a controlled way. Beats having to deal with cold callers hands down” – Mapeley

“Well planned, informative event which was extremely relevant to my business. Really enjoyed the event/concept. Will recommend a number of products from the event” – Metropolitan Police

“Great forum to learn about a whole range of suppliers in the security space and start to make some potentially key relationships for the future” – Pizza Hut

“Very informative event with information on the security industry advances, without any hard selling from the suppliers. I will recommend this event to any IT Security professional” – The Hillingdon Hospital NHS Foundation Trust

“Excellent format, not being hounded by suppliers. Able to speak to suppliers that are most relevant to your needs. A very good event, unlike many others” – The Priory Group

To secure a complimentary delegate place, call Liz Cowell on 01992 374072 or email l.cowell@forumevents.co.uk.

To attend as a supplier, call Haydn Boxall on 01992 374084 or email h.boxall@forumevents.co.uk.