SAN JOSE, Calif: Vigilance can report that QuintessenceLabs is a winner in the annual SINET 16 Innovator competition, one of 16 emerging security companies chosen to present at the upcoming Security Innovation Network™ (SINET) Showcase in Washington, DC, November 3-4, 2015.
SINET is an organization focused on advancing cybersecurity innovation through public-private collaboration. The organization reported this year’s applicant pool of early-stage and emerging growth companies was the most competitive since the Showcase began its initiative six years ago. QuintessenceLabs was selected from a pool of applicants from around the world, representing a range of solution providers offering cutting-edge technologies to address cybersecurity threats and vulnerabilities.
The company will showcase its advanced quantum cyber-security products at the Washington DC event, including centralized and interoperable key management, high speed true random number generator, one-time pad encryption with automatic key destruction for storage devices, and quantum key distribution.
Following on from this event, QuintessenceLabs will be attending IA15, the UK Government’s cyber-security and information assurance flagship conference, sharing information on its capabilities for UK cyber-security customers.
“Organizations are routinely subject to an increasing number of cyber-attacks, and traditional approaches are no longer sufficient to securely protect valuable information,” said QuintessenceLabs founder and CEO, Vikram Sharma. “We are delighted to be selected as a SINET 16 Innovator. This recognition highlights the importance of quantum cybersecurity in addressing some of today’s critical data security issues, and shielding against tomorrow’s increasingly sophisticated threats.”
“The dynamics and warp speed at which Cyber threats are accelerating mandates greater access to innovative solutions in order to keep pace and or take the geometric advantage over the adversaries,” says Robert Rodriguez, Chairman and Founder, SINET. “As a nation we cannot afford to leave any stone unturned when it comes to uncovering innovative solution providers and part of our mission at SINET is to do just this.”
The SINET Showcase is supported by the Department of Homeland Security, Science & Technology Directorate, and features commentary on the latest investment and cybersecurity trends from the industry’s foremost experts. The program includes educational workshops, panel sessions, an interactive luncheon hour and a networking reception.
Some key findings in the new report include the following:
Top cyberattack methods aimed at cloud deployments grew 45 percent, 36 percent and 27 percent respectively over the previous year, while top attacks aimed at on-premises deployments remained relatively flat. Alert Logic attributes this increase in cloud attacks as being driven by the overall strong adoption of cloud computing platforms. In other words, cyber criminals are logically attempting to break into a growing number of applications being deployed in the cloud.
The type of cyber-attack perpetrated against a company is determined more by how it interacts with its customers and the size of its online presence than by where its IT infrastructure resides. Understanding this threat profile can help a company determine which type of cyber-attack it is most vulnerable to, as well as the type and size of the security investment required to keep them safe.
Understanding the Cyber Kill Chain® can give insight into where cyber criminals are more likely to breach a company’s environment and how they can be stopped. This representation of the attack flow can help organisations target a defense strategy based on the way attackers approach infiltrating their businesses.
The report also identifies the specific cyber threats faced by different industries, including Advertising, Accounting/Management, Computer Services, Mining, Financial, Real Estate, Healthcare, Retail, Manufacturing and Transportation. Additionally, the report provides a more detailed analysis of three industries in particular: Mining, Oil/Gas & Energy; Retail and Financial Services.
“While cybercriminals are increasingly targeting cloud deployments, on-premises deployments are still being targeted at the same frequency as they always were,” said Will Semple, Vice President of Security Services for Alert Logic. “The key to protecting your critical data is being knowledgeable about how and where along the Cyber Kill Chain attackers infiltrate systems and to employ the right security tools, practices and resource investment to combat them.”