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U.s. Department Of Homeland Security Funds Four Blockchain Companies Developing New Cyber Security Technology

U.s. Department Of Homeland Security Funds Four Blockchain Companies Developing New Cyber Security Technology

U.S. Department of Homeland Security funds four blockchain companies developing new cyber security technology Luke Parker , 17 Aug 2016 - Blockchain , Government , Us The U.S. Department of Homeland Security, Science and Technology Directorate, recently unveiled a list of 13 small businesses working towards the development of new cyber security technology. The companies are part of the 2016 Small Business Innovation Research program. Each was awarded approximately $100,000 in funding, for a total of $1.3 million, and four are using blockchains in their product. The Department of Homeland Security was formed in the wake of the terrorist attacks of September 11, 2001, as part of a determined national effort to safeguard the United States against terrorism. The Department became the third-largest federal department, bringing together 22 different federal agencies, each with a role in this effort. The Science and Technology Directorate (S&T) aims to deliver effective and innovative insight, methods and solutions for the critical needs of Homeland Security. Created by Congress in 2003, S&T monitors rapidly evolving technology and threats, while capitalizing on technological advancements, developing solutions and bridging capability gaps. The Small Business Innovation Research Program is a congressionally mandated small business set-aside, and one of the largest publicprivate partnerships in the United States. Federal agencies with extramural research and development (R&D) budgets that exceed $100 million are required to allocate 2.8 percent of their R&D budget to these programs. Currently, eleven Federal agencies participate in the SBIR program. The S&T initiated its SBIR program in 2004, with a focus on near-term commercialization and delivery of operational prototypes to Continue reading >>

Bitcoin And Blockchain Security Firm Bitgo Raises $42.5 Million In Series B

Bitcoin And Blockchain Security Firm Bitgo Raises $42.5 Million In Series B

Bitcoin and blockchain security firm BitGo raises $42.5 million in Series B Processing more than $8B monthly, BitGo customers include the largest cryptocurrency exchanges and application providers. Palo Alto-based BitGo, the digital asset service and security provider today announced the close of its $42.5 million Series B financing, led by Valor Equity Partners with participation from David Sacks, Bill Lee, and DRW. The funding will be used to accelerate the momentum of its technology among institutional investors. The company, which already powers $8 billion in digital transactions per month, has become an indispensable financial services partner to institutions worldwide. A growing customer base, including CME Group and The Royal Mint, leverage BitGos technology to add digital currencies to their global product mix. Individuals and funds participating in BitGos Series B have invested in every stage of companies that fundamentally changed industries, including Airbnb, Facebook, SpaceX, and Tesla. Antonio Gracias, Founder, Managing Partner, and Chief Investment Officer of Valor Equity Partners and board member at Tesla and SpaceX will join BitGos board of directors. David Sacks, Founder/CEO of Yammer and original COO and product leader of PayPal, also joins the board. Weve crossed the tipping point for Bitcoin and other digital currencies, which have transitioned from experiments to front page news. BitGo gives institutions and custodians a solid technology base to offer new digital investment opportunities, products, and services. We have been the go-to service for exchanges, hedge funds, trusts, and businesses for years, now we are expanding our secure and compliant technology to build out an advanced financial ecosystem for investors to work with to make buying, st Continue reading >>

New Blockchain Platforms Emerge To Fight Cybercrime & Secure The Future

New Blockchain Platforms Emerge To Fight Cybercrime & Secure The Future

New Blockchain Platforms Emerge To Fight Cybercrime & Secure The Future Opinions expressed by Forbes Contributors are their own. Security circles were recently set abuzz by news concerning Russia-based security company Kasperksy Lab and its alleged involvement in the theft by Russian operatives of sensitive files of the National Security Agency (NSA), an intelligence agency of the U.S. Department of Defense. But the words tip and iceberg spring to mind here. Reports from various news agencies including the Wall Street Journal and the Washington Post account how the leak was caused by an NSA contractor who took classified documents and then stored them on his home computer, which ran Kaspersky security software. More than twenty U.S. agencies have stopped using Kaspersky software since. The recent controversies around the NSA , which is headquartered in Fort Meade, Maryland, with an estimated $10.8 billion annual budget in 2013, and others have instilled serious doubt in the minds of users regarding the trustworthiness of security providers. These organizations are supposedly neutral and should be protecting customers from malicious actors. It did not exactly help that the Kaspersky story broke while the Equifax breach fallout is still ongoing. Cybercrime and cyber security attacks hardly seem to be out of the news these days and the threat is growing globally. Be it a major financial institution - as with JPMorgan in October 2014 with the addresses, names, telephone numbers and emails ofawhopping 76 million homes in America compromised - oran individual - nobody would appear immune to malicious and offensive acts targeting computer networks, infrastructures and personal computer devices. Firms clearly must invest to stay resilient. Gauging the exact size of cybercrime Continue reading >>

Ledger Raises Usd 75 Million To Secure Cryptocurrency Assets

Ledger Raises Usd 75 Million To Secure Cryptocurrency Assets

Ledger raises USD 75 million to secure cryptocurrency assets Draper Esprit leads an oversubscribed Series B round, with Draper Venture Network funds,FirstMark Capital, Cathay Innovation, Korelya Capital, and existing investors Paris,18-Jan-2018 Cryptocurrency and blockchain security company, Ledger, today announces a USD 75 million (EUR 61 million) Series B round, led by Draper Esprit. The investment will enable the company to significantly scale up its operations as demand for their products increases at pace. The USD 75 million round was led by Draper Esprit, with additional funding from Draper Venture Network funds, including Draper Associates, Draper Dragon and Boost VC, as well as FirstMark Capital, Cathay Innovation, and Korelya Capital. The round is one of the largest traditional series B investment into blockchain and cryptocurrency related technologies to date (excluding ICOs). Existing investors, CapHorn Invest, GDTRE and Digital Currency Group, also participated in the round. Seed and Series A investor Xange remains at the capital. As cryptocurrency participation has increased, so have associated security challenges. Cryptocurrency investors face a nascent landscape of exchanges, brokers and wallet providers. In this context, there are substantial opportunities to improve security and trust for participants. Ledger was founded in 2014 by an ambitious team of eight entrepreneurs who saw the potential of blockchain technology to advance the way we live and that security would be the cornerstone of its long term success. The company has been growing at a fast pace since then and now employ 82 people in San Francisco, Paris and Vierzon. The company, which is already profitable, has sold over a million cryptocurrency hardware wallets across 165 countries. They ar Continue reading >>

For Security Agencies, Blockchain Goes From Suspect To Potential Solution

For Security Agencies, Blockchain Goes From Suspect To Potential Solution

For security agencies, blockchain goes from suspect to potential solution Anti-pipeline group goes back to work against Keystone XL December 3, 2017 / 3:04 AM / 11 days ago For security agencies, blockchain goes from suspect to potential solution (Reuters) - Police and security agencies have so far only taken an interest in blockchain - the distributed ledger technology behind cryptocurrencies like bitcoin - for tracking criminals hiding illegal money from banks. Adrian Kemp of HoustonKemp Economists speaks to Reuters in their office in Singapore November 24, 2017. Picture taken November 24, 2017. REUTERS/Edgar Su But thats changing as some civilian, police and military agencies see blockchain as a potential solution to problems they have wrestled with for years: how to secure data, but also be able to share it in a way that lets the owner keep control. Australia, for example, has recently hired HoustonKemp, a Singapore-based consultancy, to build a blockchain-based system to record intelligence created by investigators and others, and improve the way important information is shared. Theyve been trying for years to come up with a centralized platform, but people are reluctant to share information, said Adrian Kemp, who runs the consultancy, which was awarded a A$1 million ($757,500) grant by AUSTRAC, Australias financial intelligence agency, and the Australian Criminal Intelligence Commission. Blockchains appeal for data sharing is threefold. Its ledger, or database, is not controlled by any single party and is spread across multiple computers, making it hard to break. Once entered, any information cannot be altered or tampered with. And, by using so-called smart contracts, the owner of information can easily tweak who has access to what. Its a sign of how far blockcha Continue reading >>

11 Blockchain Technology Stocks

11 Blockchain Technology Stocks

Banks, financial institutions and many others are adopting blockchain technology faster than anticipated. INN takes a look at public companies taking advantage of this rapidly-growing sector. Its getting harder to ignore the fact that blockchain is on the rise, particularly as more banks and financial institutions are adopting the technology faster than anticipated. Case in point, IBM (NYSE: IBM ) released a report in 2016 suggesting that 15 percent of all banks will be using the technology in 2017. By 2020, the firm states that 66 percent of all banks will have blockchain in commercial production. On a broader scale, a Market and Markets report states thatthe blockchain technology market size will be worth 2.3 billion by 2021, increasing at a compound annual growth rate (CAGR) of 61.5 percent. In other words, theres room for plenty of opportunities for investors to benefit from in this excitingand expandingmarket. Global Blockchain Technology Markets research report is a little more conservative, projecting that blockchain technology will grow at a CAGR of 55.59 percent between 2017 and 2021. The banking and finance industriesarent the only ones adopting blockchain technology. For example, it has been used in securing elections , and big companies are also making the leap into blockchain; Capital One has confirmed a blockchain project, partnering with Gem on healthcare claims. Putting it simply, theres a wealth of opportunity to be had in the blockchain industry, and its only getting started. As such, here is a look at publicly-listed blockchain technology stocks for your consideration. All numbers below are current as of November 20, 2017 at market close. Market cap: $30.69 million; current share price: $0.27 The first on our blockchain technology stocks list is 360 Continue reading >>

Blockchain Startup For Infosec Offers Approach To The Threat Detection

Blockchain Startup For Infosec Offers Approach To The Threat Detection

Blockchain Startup for InfoSec Offers Approach to the Threat Detection New Blockchain-based platform for information security aims to deliver better protection and reward the most rapid and effective new threat detection methods. Modern information security companies are unable to detect all the emerging threats accurately and fast enough and provide users and enterprises with full protection. Meanwhile, blockchain startup PolySwarm is going to change the game rules and offer consumers complex and multidimensional crowdsourced protection. According to Gartner analysts , the spending on information security (IS) is growing 7% over the year to reach $86.4 billion in 2017 and $93 billion in 2018. Meanwhile, the growing market is experiencing the lack of qualified specialists. Forbes says , that in 2019 there will be an unfulfilled demand for about 2 million IS specialists. In this situation, companies all around the world need a complete solution to fight cybercrime, and the problem is that theres no such one on the market. Cybercriminals are using more and more sophisticated tools to attack corporations and individuals, and antivirus companies cannot provide the complete protection. The major market players offer some combinations of traditional signature detection methods and heuristic analysis. If the threat is known, they can uncover it with code signatures. Otherwise, threats could find themselves by behavior. So, if a security system observes some unusual traffic or activities within the network, it can inform a security officer or launch some emergency protocol. Nevertheless, the threat stays unknown, every vendor has to find his own method of defense. With limited access to R&D resources and the duplicative efforts incurred, the time that it takes them to react to Continue reading >>

A Cyber & Data Security Guide To Blockchain Technology:

A Cyber & Data Security Guide To Blockchain Technology:

A Cyber & Data Security Guide to Blockchain Technology: In the world of increasing cyber-crimes and businesses struggle to cope with data security, its regulation and privacy concerns, can blockchain be a great relief? Previously I have discussed the potential of blockchain in terms of security and privacy of the transactions. In this post, we will see this in a more comprehensive way to reveal its capabilities specifically for cyber and data security proposes. The blockchain is the distributed file system that keeps files copies of the participants who agree on the changes by mutual consensus. The file consists of blocks, where every block has a cryptographic signature of the last block, making an immutable record. Judd Bagley, the director of communications at the Salt Lake City-based Overstock.co , states that blockchain trading is much secured than any current system. The distributed network that verifies the transactions integrity and related accounts balances make even the smartest attack quite impossible. He also said that blockchain technology is fully transparent and transactions cannot be changed. Putting immutability and transparency together, it becomes a dream scenario for the compliance officers, regulators and auditors. Its not only stock trading. The blockchain is now hyped as the solution to replace all inefficient information processing set ups, like recording of the property transfers, legal contracts and escrow services. One thing almost all of these systems hold in common is the centralized aspect. In most of the cases, there is just one control system that is hosted on a single computer or a set of computers from one place. There is no failover in the place if something goes wrong, either through computers own failure or a hacking attack. Decentra Continue reading >>

The Role Of Blockchain In Cybersecurity

The Role Of Blockchain In Cybersecurity

The high level of dependency on the internet and technology today has resulted in new revenue streams and business models for organizations, but with this arises new gaps and opportunities for hackers to exploit. Cybercriminals have become increasingly complex and are attempting to steal valuable data like financial data, health records, personal identifiable information (PII) and intellectual property, and are resorting to highly profitable strategies like disrupting the overall operations of a business via DDoS attacks, or monetizing data access via the utilization of advanced ransomware techniques. So, will blockchain technology be a cybersecurity help or hindrance? A blockchain is basically a decentralized, digitized, public ledger of all cryptocurrency transactions and uses what is known as the Distributed Ledger Technology. This could potentially help enhance cyber-defense as the platform can prevent fraudulent activities via consensus mechanisms, and detect data tampering depending on its underlying characteristics of operational resilience, data encryption, auditability, transparency and immutability Blockchain resolves the lack of trust problem between counterparties at a very basic level. Blockchain is a distributed database used in both private and public applications rather than a centralized structure where all the information is stored in few very large databases. The data pertaining to each batch of valid transactions is stored within its own block; every block is connected to the block which is situated in the position before it and grows continuously as new blocks of information are appended. Owing to their distributed nature, blockchains provide no hackable entrance or a central point of failure and, thereby, provide more security when compared with v Continue reading >>

Top Bitcoin Security Companies

Top Bitcoin Security Companies

Top ranked companies for keyword search: Bitcoin Security At Elliptic we are building the leading custodian bank for the blockchain. All of our internal processes have been accredited by KPMG to the same standard as a traditional custodian bank and all of our customers blockchain assets are fully insured by a Fortune 100 underwriter. In keeping with our custodian bank mission we have developed the worlds most robust anti-money laundering (AML) technology for auditing blockchain transactions as well as deep integration with the largest exchanges globally. Founded in July 2013 Safello set out to bring greater compliance and security to the Bitcoin industry. Its user friendly approach has since attracted ten thousands of customers throughout Europe with an easy way to get into Bitcoin. Today Safello supports 32 countries in Europe with direct payments and other payments such as SEPA, Faster Payments, Bankgiro, Swish and International Wire. With tens of millions of SEK, Euro and GBP in and out of Bitcoin processed, Safello is leading the crypto currency revolution in Europe. Gem empowers developers to rapidly build apps and solutions using Bitcoin and cryptocurrency without needing to be experts in cryptography, security or the underlying protocols. The company provides bank-grade security on cryptocurrency for developer apps without ever taking possession of funds. Gem is reinventing banking from the ground up. Xapo believes that bitcoins ultimate success will be based on trust whether individuals trust the digital currencys stability and whether they trust the industrys security. Thats why weve assembled a team of financial services and security experts to build an entirely new bitcoin storage experience. By offering two distinct products an easy access wallet and a lock Continue reading >>

Leaderboard - The 100 Most Influential Blockchain Companies - Week 48 - Rise.global

Leaderboard - The 100 Most Influential Blockchain Companies - Week 48 - Rise.global

The 100 Most Influential Blockchain Companies The latest news, prices, charts, guides and analysis from the world leader in bitcoin and blockchain tech. Kik lets you connect with friends, groups, and the world around you through chat. Just ask, Whats your Kik? Building an open, fair and accessible financial future, one piece of software at a time. Need help? @AskBlockchain for support. High-tech finance, Bitcoin news, analysis and review. Our Facebook page: Live now: #BlockShow2017 Our mission is to create an open financial system for the world. Founded by @brian_armstrong @fehrsam Help: @coinbasesupport Bittrex is a US based crypto-currency exchange designed with security and scalability in mind. . Telling Your Story to the Most Influential Decision Makers in Payments, Commerce and Retail.What's next in payments and commerce The original source of information, news and commentary about #Bitcoin, the #blockchain and digital currencies. Open source platform to write and distribute decentralized applications. Join traders from around the world benefiting from our intuitive platform. Tweet @krakensupport for help and email [email protected] for media inquiries. Next Generation Banking Platform for the Next Billion Bitfinex is the world's leading cryptocurrency exchange. Try us! Dash [DASH] is a secure, blockchain-based global financial network which offers private transactions. Quite simply, Dash is Digital Cash! See website for info. The world leader in bitcoin payments. Accept bitcoin, spend & store bitcoin securely, build with bitcoin technology. [email protected] | The first cryptocurrency to offer a decentralized marketplace and much more! Streaming News: Bitcoin, Blockchain & Beyond #FINTECH #bitcoin #blockchain #ethereum #venturecapital #startups #smartcontracts #dap Continue reading >>

What Is Blockchain? The Most Disruptive Tech In Decades

What Is Blockchain? The Most Disruptive Tech In Decades

Blockchain is poised to change IT in much the same way open-source software did a quarter of a century ago. And in the same way that Linux took more than a decade to become a cornerstone in modern application development, Blockchain will take years to become a lower cost, more efficient way to share information between open and private networks. But the hype around this seemingly new, secure electronic ledger is real. In essence, blockchain represents a new paradigm for the way information is shared and tech vendors and companies are rushing to figure out how they can use the distributed ledger technology to save time and admin costs. Numerous companies this year have been rolling out pilot programs and real-world projects across a variety of industries - everything from financial services to healthcare to mobile payments. It's unlikely to be a wholly disruptive technology that attacks traditional business models with a lower-cost solution that overtakes other networking technology quickly, according to Karim Lakhani, a professor of business administration at the Harvard Business School. Instead, Blockchain is a foundational technology, with the potential to create new foundations for economic and social systems, Lakhani said in The Truth About Blockchain , which he co-authored. [ Further reading: The top 5 problems with blockchain ] Blockchain adoption is expected be slow and steady, as the changes it brings gain momentum, according Lakhani, a principal investigator of the Crowd Innovation Lab and NASA Tournament Lab at the Harvard Institute for Quantitative Social Science. "Conceptionally, this is TCP/IP applied to the world of business and transactions," Lakhani said in an interview. "In the '70s and '80s, TCP/IP was not imaginable to be as robust and scalable as it Continue reading >>

Xage Emerges From Stealth With A Blockchain-based Iot Security Solution

Xage Emerges From Stealth With A Blockchain-based Iot Security Solution

Getting the myriad of devices involved in the industrial internet of things provisioned and communicating with one another in a secure way will be one of the great technological challenges facing companies in the coming years. Xage (prounounced Zage) emerged from stealth today with a blockchain-based security solution that could help simplify this. The company also announced that Duncan Greatwood has joined the company as CEO. Greatwood is an experienced entrepreneur, who sold Topsy to Apple in 2013 and PostPath to Cisco in 2008. These exits have given him the freedom to pick and choose the projects he wants to work on, and he liked what he saw at Xage from a technology perspective. This is an area where a wave of change is sweeping through the industry. Security is a foundational element of this innovation, Greatwood told TechCrunch. He said that Xage is building a security fabric for IoT, which takes blockchain and synthesizes it with other capabilities to create a secure environment for devices to operate. If the blockchain is at its core a trust mechanism, then it can give companies confidence that their IoT devices cant be compromised. Xage thinks that the blockchain is the perfect solution to this problem. They do this by building a trusted network of people, machines and applications on the blockchain, which creates an irrefutable connection among these different entities and prevents anyone who has not been given explicit permission from gaining access. The blockchain is operating like a distributed, redundant tamper-proof data store. It connects with policies pushed from the cloud or configured locally. The [security] fabric enables the devices and AI and people to communicate with each other and controls the flow of information, he explained. Greatwood says t Continue reading >>

How Blockchain Can Boost Security For Companies

How Blockchain Can Boost Security For Companies

How Blockchain Can Boost Security for Companies How Blockchain Can Boost Security for Companies The growing threat of cyber fraud means medium and large businesses must implement modern security technologies in their organizations; however, many of these solutions cannot be considered totally reliable. In this post, we will cover blockchain as a promising way to ensure cyber protection for various companies. So, why should you use blockchain for cybersecurity? Cyber attacks become more frequent in the last three years, and with much greater consequences. According to Symantecs 2017 Internet Security Threat Report , there were 15 data breaches with more than 10 million identities exposed in 2016, while only 11 cases were detected in 2014. In total, 7.1 billion identities have been exposed in the last eight years due to data breaches. Furthermore, ransomware attacks represent an even more serious threat these days, with 463,841 ransomware attacks detected in 2016, alone. These usually penetrate corporate computers through infected emails. The typical email malware infection process is as follows: Email is disguised as a routine notification, most commonly an invoice or receipt. The email includes an attachment, typically a JavaScript (JS) file or Office file containing malicious macros. The opened attachment executes a PowerShell script that initiates the malware download. The downloaded malware is typically ransomware that infects the computer. According to Symantec, the average amount requested by cyber criminals for restoring the system was $1,077 in 2016, compared to only $294 in 2015. Moreover, Juniper Research states that the cost of global crime will reach values of $2 trillion by the end of 2019. Therefore, businesses all over the world need reliable and effectiv Continue reading >>

6 Use Cases For Blockchain In Security

6 Use Cases For Blockchain In Security

Blockchain has the potential to improve encryption and authentication, and that could be good news for IoT security and DDoS protection. Use commas to separate multiple email addresses Sign up now and get FREE access tohundreds of Insider articles, guides, reviews, interviews, blogs, and other premium content. Learn more . Blockchain is a decentralized, distributed electronic ledger built on the model of offering absolute security and trust. Using cryptography, transactions are recorded chronologically and publicly, each one time-stamped and linked to the previous one. Critically, these digital blocks can only be updated through the consensus of all participants, with data interception, modification and deletion near impossible. [ Email encryption review: HPE/Voltage Secure Email vs. Virtru Pro vs. Inky vs. Zix Gateway vs, Symantec Email Security.cloud | Get the latest from CSO by signing up for our newsletters . ] As a result, since hitting Gartners fabled "peak of the hype cycle" in 2016 , Blockchain has become something of a priority for industry leaders, especially in financial services, energy and manufacturing. Authenticating Bitcoin payments has perhaps become the most cited use case, but this technology can extend to applications like content delivery networks and smart grid systems too. How does blockchain apply to cyber security? Blockchain has the potential to improve everything from improving data integrity and digital identities to enabling safer IoT devices to prevent DDoS attacks . Indeed, blockchain might play across the CIA triad of confidentiality, integrity and availability, offering improved resilience, encryption, auditing and transparency. Blockchain plugs the gaps that we have left with our poor implementation of security and lack of trustworthin Continue reading >>

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