UPDATED: Cybersecurity Firm OnDefend Elevating Presence on the National Stage

OnDefend is an innovative Jacksonville, FL based company in the world of cybersecurity. Boasting a national client base, OnDefend is working with major national corporations to strengthen their ‘cybersecurity posture’ thereby helping them avoid successful cyber-attacks.

 OnDefend’s regional success has positioned them as the emerging leader in cybersecurity. A recent public appearance at the Tech Coast Conference held in Northeast Florida pitted Ben Finke, OnDefend Co-founder and Director of Information Security Operations and Management against Jeff Foltz, Chief Information Security Officer with Fidelity National Financial. Finke and Foltz went head-to-head on stage exposing high profile security breaches in our recent history; breaking down the likes of the WannaCry breach, the Target Thanksgiving weekend break-in, and hacks involving LinkedIN and GMail in a live cyberattack simulation.

“We just signed five global penetration test specialists to help us continue providing cutting edge cybersecurity testing that helps our national clients stay ahead of the threat actors (bad guys),” Finke notes, explaining the firm is broadening its national reach daily to keep up with the rising demand for their unique and effective testing protocols.

US cyber-attacks are costing businesses $400 to $500 billion a year, quickly becoming a top reason executive jobs are lost. “In 2016 cybercrime cost the global economy over $450 billion,” said Steve Langan, chief executive at Hiscox Insurance. And according to Steven Morgan, Editor and Chief of Cybersecurity Ventures  Cybersecurity Ventures predicts global annual cybercrime costs will grow from $3 trillion in 2015 to $6 trillion annually by 2021, [including but not limited to] damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement and fraud.”

With this impact to businesses, the national demand for preventative cybersecurity services is on the rise and OnDefend has proven itself to be up to the challenge.

“Our team of ‘ethical hackers’ just wrapped up the testing phase for two national restaurant chains and one of the largest shipping companies in the world. Companies are getting proactive about improving their cybersecurity posture and that’s what we like to see. Our goal is not only to help our clients strengthen their cyber posture, but also help them continually move up the overall security maturity curve,” says Chris Freedman, OnDefend Co-Founder and Director of Business Development and Operations.

OnDefend provided its cybersecurity testing services to over 60 national health care institutions, three national mortgage enterprises, one national financial institution as well as over 25 mid-market clients in 2016 alone.

Netskope Report Reveals Bulk of Cloud Services Still Not GDPR-Ready

Netskope, the leader in cloud security, today announced the release of the September 2017 Netskope Cloud Report™ on enterprise cloud service usage and trends. With the compliance deadline for the European Union General Data Protection Regulation (GDPR) fast approaching in May 2018, this quarter’s report took a close look at GDPR readiness among enterprise cloud services, finding little change in level of preparedness compared with levels previously reported. Nearly three-quarters of cloud services still lack key capabilities to ensure compliance.

 Data suggests enterprise standardization in cloud adoption

In this report, Netskope observed a slight dip in the average amount of cloud services in use per enterprise, signaling that enterprises may be standardizing on cloud services and coaching users away from unsanctioned and shadow IT-related apps. The average enterprise has deployed 1,022 cloud services, down slightly from last quarter’s average of 1,053. Of those cloud services in use, only 24.6 percent received a GDPR-readiness rating of “high,” based on attributes like the location of where data are stored, level of encryption and data processing agreement specifics.

Threat landscape continues to evolve: Bitcoin malware a new finding
When examining threats putting secure enterprise data at risk on a daily basis, the Netskope Threat Research Labs found backdoors were the most frequent threat across enterprise environments, accounting for 27.4 percent of all detections. This is followed by ransomware at 8.6 percent, adware at 8.1 percent, JavaScript at 7.2 percent, Mac malware at 7.2 percent, Microsoft Office macros at 5.9 percent, and PDF exploits at 2.7 percent.

This quarter’s report also took a look at Bitcoin or cryptocurrency-related malware for the first time, finding that it accounted for .9 percent of all threats, many of which are hosted in IaaS environments like Amazon Web Services. In addition, “high severity” threats made up 86.9 percent of all threats, up from 69 percent last quarter, and 23.8 percent of malware-infected files were shared with others, including internal or external users, or even shared publicly.

Collaboration apps show no signs of slowing down
With half of the top 20 list consisting of cloud storage or collaboration services, organizations should keep an eye on data flowing in and out of these services. Many cloud storage and collaboration services connect to other cloud services (for example, cloud storage connecting to Salesforce or DocuSign), and a comprehensive cloud security program should take into account what controls to place in cloud service-to-cloud service communications and processing.

“Cloud adoption is an inevitability and has enormous business value for enterprises across all geographies and verticals. It also introduces a new set of complex security challenges in the enterprise, with regulations like the GDPR one of the more complex challenges,” said Sanjay Beri, CEO and founder of Netskope. “On the eve of the compliance deadline, complete visibility into and real-time control over cloud usage and activity in a centralized, consistent way that works across all cloud services is paramount for organizations to understand how they use and protect their customers’ personal data and, consequently, comply with the GDPR.”

Average Cloud Services Per Enterprise by Category
This quarter, the average amount of cloud services per enterprise decreased 2.9 percent to 1,022 cloud services, compared to 1,053 last quarter. For the second quarter running, manufacturing led the way with the highest average amount of cloud services used with 1,370, followed by healthcare and life sciences with 1,340. Financial services, banking, and insurance came in third with 1,175 and retail, restaurants, and hospitality fourth with 976. Technology and IT services dropped to 772 this quarter.

WIth regard to specific cloud services, HR services are the most popular — and most likely to house sensitive and personal data as defined by the GDPR. Collaboration apps saw a jump: the average enterprise has 85 collaboration apps in use, up from 71 last quarter. By contrast, the average number of productivity apps in use actually went down, signaling a shift in the way enterprise employees are getting things done — favoring collaboration and communication over traditional productivity trackers.

Service Category

Average # cloud services

%NER

HR

109

95%

Marketing

102

98%

Collaboration

85

84%

Finance/Accounting

59

94%

CRM

50

93%

Software development

32

75%

Productivity

33

75%

Social

24

89%

Cloud storage

24

67%

IT Service/Application

Management

22

96%

Resources:

  • Download the Netskope Cloud Report for more detailed analysis and to see the full list of the most widely used cloud services by enterprises.
  • Learn more about how to gain visibility into enterprise cloud services and how to ensure they are secure and compliant.
  • Visit the Netskope Hub for the latest commentary and insight on trends from the Netskope team.

Elbit Systems to Reorganize the Business of CYBERBIT

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that it will reorganize the business of CYBERBIT Solutions Ltd., its wholly-owned subsidiary. The defense Cyber Intelligence and Cyber Security business will be integrated with Elbit Systems Land and C4I Division and the commercial cyber business will continue to operate under CYBERBIT Ltd. The reorganization will become effective as of January 1, 2018.

Elbit Systems recognized a growing demand for Cyber Security and Cyber Intelligence in the defense sector as the modern battlefield requirements are shifting from C4I (command, control, communications, computers, and intelligence) to C5I, with the addition of the cyber dimension. Elbit Systems Land and C4I Division offer high synergistic value in these areas and many years of operational experience to best meet these market needs.

CYBERBIT Ltd’s commercial business has grown in the past couple of years and in order to maintain this growth and to be customer-oriented to its unique markets (financial sector, infrastructure security, etc.) the company decided to focus its commercial efforts under the CYBERBIT brand, which is becoming well known in this sector.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said, “We are witnessing substantial growth in both the defense cyber and commercial cyber sectors and we anticipate to further broaden the activities of each sector separately.” Machlis added, “The reorganization will enable us to better deal with future challenges of each growing market, to best match our offerings and to position ourselves as global leaders in each field.”

About Elbit Systems 

Elbit Systems Ltd. is an international high-technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security, and commercial applications and providing a range of support services, including training and simulation systems.

Automotive Cyber Security Market to Perceive Thriving Accruals of USD 32 Million By 2023 At 9% of CAGR

Market Research Future published a half-cooked research report on “Global Automotive Cyber Security Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022

 Argus Cyber Security (Israel), Harman International Industries, Inc. (U.S.), Karamba Security (Israel), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), NNG Software Developing And Commercial Llc. (Hungary), Intel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Escrypt Embedded Systems (Germany), and Secunet AG (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Cyber Security Market.

Automotive Cyber Security Market – Overview

The Global Automotive Cyber Security Market is growing at the rapid pace; mainly due to the augmented advent technological advancement that suffice the increased demand for in vehicle Cyber security systems. According to a recent study report published by the Market Research Future, The global market of Automotive Cyber Security is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023). The Automotive Cyber Security Market is expected to accrual approximately USD 32 Million by 2023, at 9% of CAGR between 2017 and 2023.

Over the next decade or two, Cyber security is going to be one of the paramount concerns the auto industry will face as more vehicles with telematics and embedded modems make connected cars an attractive target to cyber criminals and terrorists. Cyber Security, as a technology is gaining a huge traction in the automotive industry as connected cars grow. It is a crucial factor for self-driving and driverless cars. The global market of Automotive Cyber Security is majorly driven by the augmented adoption of telematics services in the vehicles. Additionally, increasing demand for Automotive Cyber Security systems attributed to the increasing threats of cyber-attacks in the automotive and transportation systems; is fostering the market growth of Cyber Security market. Moreover the heavy investments transpired in to the R&D sector in the field of connected vehicles and autonomous vehicles; is providing impetus to the market growth up to a large extent.

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Automotive Cyber Security Market – Competitive Analysis

Over the next decade or two, Cyber security is going to be one of the paramount concerns the auto industry will face as more vehicles with telematics and embedded modems make connected cars an attractive target to cyber criminals and terrorists. Vehicles are now more vulnerable to cyber-attacks through the many wireless and wired connections. Hackers are getting experts of committing cyber-attacks more easily and cost-effectively. OEMs and suppliers consider these threats as prime concern, with increased interest in developing and implementing cyber security solutions to address vulnerabilities and system design changes needed to accommodate them.  There are many software approaches to cyber security in the car.

Vendors are offering solutions that will improve security to wireless interfaces in a vehicle, like telematics control units (TCU’s), and are also designing solutions that isolate safety-critical systems from non-critical systems through the use of automotive network firewalls. These future systems will likely have the capability to isolate critical safety systems such as propulsion, braking and steering from security systems that may handle personal or financial data. These solutions will include auto-grade Ethernet and domain isolation.

Automotive Cyber Security Market – Segmentation

The Automotive Cyber Security Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Security Type: Comprises Cloud Security, Endpoint Security, Network Security, Wireless Security, Application Security, and other.

Segmentation By Vehicle Type: Comprises Passenger Cars, Commercial Vehicles and other.

Segmentation By Application: Comprises Communication Channels, Safety Systems, Telematics, On Board Diagnostic (OBD), Infotainment, Powertrain and other.

Segmentation By Regions: Comprises Geographical regions – North AmericaEurope, APAC and Rest of the World.

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Automotive Cyber Security Market – Regional Analysis

The regional analysis of automotive Cyber Security market is studied for region such as Asia pacific, North AmericaEurope and Rest of the World. The North America is one of the leading region in the automotive Cyber Security market due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Asia-Pacific region is one of the prominent player in automotive Cyber Security market owing to a large enterprises and SMEs in the region are increasingly adopting cloud-based Cyber Security solutions.