Friday, 4 July 2014

A $2.5M TO Former Israeli Intelligence officials To Back Cyber Security Firm Hexadite

Founders Of Hexadite
Recently a new Cyber security company came into the picture out of stealth mode called Hexadite this firm launched by three former Israeli Intelligence officials and just came and got $2.5 million seed funding from YL ventures and also a Microsoft Vice President Moshe Lichtman participated into the round, he is also a general partner at Israeli Venture capital firm. The Hexadite is something that holds a fraud detection system that claims to be the one, which can automate the monitoring and alerting user and stopping bad guys to steal money or Data. The CIO’s are pretty much concerned about the attacks on the system and computer network as last year happen to Target, hacker stolen about 10 million card’s information. Hexadite aims to render the attack without involving any Human element into the process.

CEO Eran Barak says Hexadite is qualified to make such technology as they came from the cyber security background in their job in Israeli Intelligence and military and private sector. Three founders are worked in the same intelligence background.

“Companies large and small suffer attacks all the time. Larger entities have detection systems, but leave it to their staffs to determine whether the threat is real or not. This is where Hexadite comes in. After the detection system determines there is a threat, Hexadite, and not security staff, figures out if it’s real and then eradicates it if it is.” Lately been published on a site.

There are many security companies working to overcome the problem and attacks but still the world has threatened with the hackers. Hexadite has developed an automated system called Automated incident Response Solution, which is design to filter the traffic coming from third party vendors and always listening to any breach or attack on the security system to ensure the transaction is performed by only the intended user.

No comments:

Post a Comment