Spikes Security founder and chief executive Branden Spikes left his position as the CIO of SpaceX to save your company from ruination. Spikes is one of Elon Musk’s most trusted lieutenants. And today, the Musk-vetted security guru and his startup raised a cool $11 million first round of funding led by Lakewood & Company, Javelin Venture Partners, and Benhamou Global Ventures to build out their browser-focused security technology. While at SpaceX, Spikes had a front-row seat to a continual and unrelenting barrage of attempted malware attacks from cyber thugs looking to steal company secrets. That experience at SpaceX, which lasted nearly 10 years, convinced Spikes that the best way to defeat malware begins with safeguarding employee browsers. “I was the CIO for Elon Musk at all his companies, including SpaceX,” the mild mannered security guru told VentureBeat late Tuesday. “I was at SpaceX a long time and saw the company change from building spaceships to running them. With this, I saw an opportunity to take my skillset to the next level.” The startup’s flagship security product is called AirGap. It acts as a barrier against malware designed to get employees to click on an affected link. AirGap functions by first deploying itself outside the company firewall. AirGap creates isolated virtual machines for each web session users request of the network in question. AirGap, according to Spikes, automatically transforms all web content into a virtual image and delivers it over a proprietary protocol to the client viewer. This means that any malware associated with the infected web content, or the phishing lure, remains firmly outside the firewall. The $11 million comes at an opportune moment in light of the Target, JP Morgan, Home Depot, and now Staples hacks that affected the accounts of over 300 million customers. Security analysts have blasted these firms for not being proactive outside the moat in isolating and thwarting hits. In fact, the viruses that infected those companies lay undetected for months, wreaking serious damage, the extent of which is still being tallied. This fact is not lost upon the studious though laid-back Spikes, who bailed on college to pursue his dream with Musk. In fact, Spikes posits that if the current cycle of successful attacks against American government and industry continues unabated, the U.S. could very well find itself erecting a barrier akin to the ‘Great Firewall of China” to lock the grid down. China tightly controls user access, and Spikes said at if the security community doesn’t get it soon, the U.S. may have no alternative other than to lock down the entire Internet infrastructure here to protect against malware. Really, though, his experience working “with Ph.D. rocket scientists with severe senses of entitlement that couldn’t be told anything” shaped the vision for his startup because network security was the last thing on their minds, even though it was one of the most important in keeping Chinese government hack teams from boosting SpaceX’s virtual DNA. “With infected browsers, there was no elegant solution to that problem. At SpaceX, we defended the network successfully against a never-ending stream of attacks. It was very scary,” he said. “SpaceX does a great job of security. If we don’t solve this problem, it is a ticking time bomb for all these companies,” Spikes said.Former SpaceX CIO leaves the space world to protect your company from destruction
New Israel accelerator IBM’s first anywhere | The Times of Israel http://www.timesofisrael.com/new-israel-accelerator-ibms-first-anywhere/#ixzz35ser2nr6 Follow us: @timesofisrael on Twitter | timesofisrael on FacebookBarak Ben-Avinoam, BGV Partner to serve as mentor in IBM’s New Accelerator Program in Israel. A new accelerator, the IBM Alpha Zone, is set to begin in July, making it the tech giant’s first accelerator in the world and first attempt to take full advantage of the Start-Up Nation’s start-ups Read more:
Risk Management Platform Delivers Comprehensive KYC service for Consumers Worldwide, Enabling Merchant Acquirers, Payment Service Providers, and Money Transmitters to Comply with Federal, Card Brands and Banks’ RegulationsPalo Alto, CA. (PRWEB) April 08, 2014 IdentityMind Global, an on-demand anti-fraud and risk management platform, and Jumio, the fast growing credentials management tech company, today announced a partnership to provide ecommerce retailers, financial institutions, and payment service providers (PSPs) with an integrated solution designed to minimize account fraud, reduce merchant risk, and provide financial institutions with Know Your Customer (KYC) capabilities to comply with Federal, Card Brands and Banks’ regulations. Jumio’s Netverify turns a smartphone or computer into an ID scanning terminal that makes it fast and easy to capture and verify consumers’ credentials – a passport, driver license, ID card or utility bill in more than 100 countries worldwide – to meet KYC requirements and reduce fraud. Jumio’s Netverify is fully integrated into IdentityMind’s™ Anti-Fraud and Risk Management Platform. “Identity verification is fundamental to the KYC process, especially when underwriting a merchant account or verifying international customers’ identities, foreign nationals and underbanked consumers,” said Daniel Mattes, Jumio’s CEO. “The combination of identity data from IdentityMind and Jumio’s credential verification technology provides a much more complete picture addressing the challenging question of whether the user creating an account is who they claim to be.” Jumio’s integration to the IdentityMind ecosystem enhances the identity verification technologies and databases available to IdentityMind clients under the KYC, Anti-Money Laundering, and Merchant Risk products. The customer data contained in a government-issued document is validated for authenticity and can be used for sanction screening against OFAC, PEP, and other international lists. Furthermore the information contained in the document can enable querying against other public and private databases for ensuring that the consumers’ historical transactions and records are consistent and risk-free. “Determining that individuals are who they say they are is a requirement for financial institutions. Traditionally financial institutions have accomplished this by asking customers to provide hard copies of documents, sometimes scanned, faxed, or presented in person – a process that is cumbersome and can take several days” said Garrett Gafke, IdentityMind Global’s CEO. “Modern business applications impose requirements for a faster and more automated verification of identities. Acquiring entities must underwrite merchant accounts with greater efficiencies and generally in real-time, just as Money Transmitters and Money Service Businesses, like Bitcoin exchanges have to provide KYC in real-time to offer consumers a competitive offering.” Availability Jumio’s NetVerify integration into IdentityMind’s Platform is available immediately for Acquiring Banks, Payment Service Providers (PSP/ISO/MSP,IPSP), Money Transmitters, Money Service Providers and Online Merchants. http://www.identitymind.com About IdentityMind Global IdentityMind Global™ is an e-commerce company offering an on-demand platform for payments, risk management, anti-fraud and anti-money laundering services for: Acquiring Banks, Payment Processors and Gateways, Payment Service Providers (PSP/ISO/MSP,IPSP), Digital Currency Exchanges, Financial Institutions (Banks, Money Service Businesses (MSBs), Money Transmitters) and Online Merchants. These services are offered in real-time based on patent-pending Electronic DNA (eDNA™) technology which tracks the different entities (consumers, merchants, cardholders, payment wallets, alternative payment methods, etc.) involved in a transaction. It builds reputations associated with these entities which can then be used when evaluating anti-fraud, merchant account applications, consumer account origination, identity verification services, potential money laundering, and others. This reputation is shared during the analysis so everyone can benefit from the “network effect” while protecting the privacy of the entities involved. About Jumio Jumio is a next-generation payments and ID software-as-a-service company that utilizes proprietary computer vision technology to reduce mobile/online payment and ID friction and fraud, while increasing revenue and customer satisfaction. The company’s mission is to provide its clients with intuitive, consumer-facing technologies that make it possible to conduct a wide range of mobile transactions without a single keystroke. Half of the top 10 consumer internet companies, along with hundreds of other retailers, financial institutions, marketplaces, gaming companies and more have adopted Jumio products to enable their customers to efficiently speed through sign-up and checkout processes yielding not only higher completion rates but an improved customer experience. Jumio has received numerous innovation awards from leading industry associations and is listed on The Sharepost 100 as one of the world’s most innovative and compelling private companies. Jumio was founded in 2010 by CEO Daniel Mattes and is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder, Eduardo Saverin. Headquartered in Palo Alto, Jumio operates globally with offices in the US and Europe and processes credentials issued by over 100 countries. For more information, visit http://www.jumio.com/ For more information, please refer to our website http://www.identitymind.com, or reach us at sales(at)identitymind(dot)com. © 2014 IdentityMind Global™. All rights reserved. IdentityMind, IdentityMind Platform, IdentityMind eDNA, and the IdentityMind logo are trademarks or registered trademarks of IdentityMind, Inc in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
Partnership Will Enable Carriers to More Efficiently Operate and Monetize Their NetworksMOUNTAIN VIEW, Calif. and SAN MATEO, Calif. – April 8, 2014— ConteXtream Inc., a leading provider of carrier-grade network virtualization solutions, today announced that it has partnered with Guavus, a leading provider of big data analytics solutions, to bring real-time analytics to Software Defined Networking (SDN) deployments on service provider networks. The partnership will combine ConteXtream’s ContexNet™ and Guavus’ Reflex™ operational intelligence platform. The joint solution gives network operators an end-to-end view across their network and enables Communication Service Providers (CSPs) to dynamically and more efficiently allocate network resources for video optimization, TCP optimization, and rate shaping. “Guavus and ConteXtream have a long and successful history of working together within large-scale carrier deployments, including jointly providing the SDN-fabric and data analysis tools for a Tier-1 wireless service provider on traffic of more than 50M subscribers,” said Anshu Agarwal, VP Marketing for ConteXtream. “This past experience, and Guavus’ track record of innovation, made them the logical choice for partnering with to take data analysis on our SDN platform to the next level.” ConteXtream’s ContexNet is a carrier-grade distributed SDN fabric that leverages proven virtualization and grid computing technologies to enable operators to accelerate revenue growth through more rapid testing and introduction of new services or features; utilize local and remote network resources on demand, and reduce CAPEX and OPEX by automating network operations, ContexNet runs on standard, off-the-shelf computing platforms, creating a single, distributed and scalable SDN domain, dynamically links network functions by steering the right traffic flows to virtual functions in the right sequence. ContexNet is compliant with industry standard-based mechanisms such as OpenFlow, LISP and OpenStack which enable it to fully separate control from forwarding, location from identity, and orchestration from networking. Guavus’ Reflex Platform provides a real time integrated view across customers’ business and operations for improved decision making. As a result, carriers benefit from an end-to-end view across their enterprise with a highly granular resolution and actionable insights that can be embedded into automated workflows to rapidly implement value added services and develop network policies that effectively reduce capital and operational costs. Reflex uses highly optimized computational algorithms and machine learning to distill actionable insights from very large datasets. This allows for continual optimization of the computational process, as well as enables improved forward-looking and predictive analysis, real-time decision-making and automation. “Guavus’ operational intelligence platform combined with Contextream’s SDN fabric is a carrier grade solution that paves the way for CSPs to not only achieve true Network Functions Virtualization, but gain additional insight into network operations so they can realize greater operational and efficiency gains,” said Ben Parker, principal technologist at Guavus. About ConteXtream ConteXtream is a privately held software-defined-networking (SDN) company that enables carriers to deliver network capacity and functions in the same way cloud providers deliver applications effectively utilizing standard compute and storage. ConteXtream’s SDN offering is carrier-grade and enables Network Function Virtualization (NFV) for various solutions deployed on carrier networks. Deployed by Tier-1 operators, ConteXtream’s Carrier-SDN dynamically and elastically connects subscribers to services and enables carriers to leverage standard, low-cost server hardware and hypervisors to virtualize functions and services, while replacing costly purpose-built proprietary systems. Headquartered in Mountain View, Calif., ConteXtream is backed by Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures as well as Comcast Ventures and Verizon Investments. For additional information, visit www.contextream.com. About Guavus Guavus is a big data analytics company ushering in a new class of decisioning applications for service providers and enterprise customers. The company offers an operational intelligence platform integrated with a suite of decisioning applications for network planning and operations, marketing, security and customer care. The world’s most data-intensive companies trust Guavus to help them take strategic advantage of their data assets to grow revenue, improve operating efficiencies and delight customers in new ways. For more information, visit www.guavus.com.