Robust Know Your Business (KYB) and Know Your Customer (KYC) Solution Validates Info Against Global Registries and Jurisdictions

TEL AVIV, Israel – February 27, 2024 – AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses. By combining KYB with Know Your Customer (KYC) processes, the offering addresses every KYB business need, from sole traders to corporates, including KYC for UBOs and associated entities.

Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the identities of their partners and vendors. Companies must also ensure that they are not working with unscrupulous businesses involved in identity theft, fraud, money laundering, terrorist financing or other crimes. However, most available KYB solutions are limited in scope, forcing companies to engage with multiple vendors for KYC, forgery tests, serial fraud detection and other crucial capabilities.

AU10TIX’s unified KYB and KYC solution provides a comprehensive check against 200+ jurisdictions and over 1000 government registries in one automated workflow. It provides thorough and comprehensive checks within seconds, while other vendors require days and rely on unofficial and potentially outdated databases. The new solution also provides full profiling and continuous monitoring, ensuring business integrity for compliance and risk management.

AU10TIX’s KYB solution comes in three packages:

• Business Validation enables a quick and efficient Proof of Business (POB) verification process by confirming essential identification details, including business name and ID, address, country, registration date, and official status.

• Sole Trader Verification extends Business Validation to validate both the company and owner with automated KYB + KYC risk evaluation through one API call.

• Enterprise Verification extends Business Validation with several additional benefits and features, including:
  • Continuous monitoring to ensure compliance, detect changes, and manage risk in real time across all entities
  • In-depth KYC risk assessment of all related entities, Ultimate Beneficial Owners (UBOs), officers, directors and stakeholders linked to the organization in question.
  • Robust AML screening against sanctions and Politically Exposed Persons (PEP) watchlists.
  • Seamless AI-based Proof of Business (POB) collection, extraction, validation, and registry comparison, with added forgery checks.

“Our customers have been requesting a comprehensive KYB solution, because money laundering and fraud have become far too prevalent in the corporate world,” said Dan Yerushalmi, CEO of AU10TIX. “Our unified KYB/KYC solution is essential for identifying bad actors and maintaining a safe business environment in 2024.”

Key benefits include:

• Fully automated and unified KYB and KYC process – End-to-end automation in one flow for increased speed and accuracy
• Advanced document verification – AI-powered tech quickly and accurately verifies various documents to authenticate the legitimacy of the business
• Case management dashboard – Enables user-friendly management of check results
• Comprehensive scoring mechanism – Provides scoring based on an advanced algorithm, for informed decision-making and risk measurement
• Single API call for both business and individual verification – Reduces cost by requiring only one payment for both KYB and KYC record checks
• Global coverage – Offers insights into ownership structures across 200+ countries

In addition to this new business offering, AU10TIX will also be addressing fraud through a joint webinar on Tuesday, March 5 at 11:00 am EST. AU10TIX and Frost & Sullivan will host an exclusive session on “Disrupting Fraud with AI: Actionable Insights to Effectively Combat Fraud.” Register here to take a deep dive into the world of fraud detection and prevention.

About AU10TIX

AU10TIX, a global identity intelligence leader headquartered in Israel, is on a mission to obliterate fraud and further a more secure and inclusive world. The company provides critical, modular solutions to verify and link physical and digital identities so businesses and their customers can confidently connect. Over the past decade, AU10TIX has become the preferred partner of major global brands for customer onboarding and customer verification automation – and continues to work on the edge of what’s next for identity’s role in society. AU10TIX’s proprietary technology provides results in less than 8 seconds, enabling businesses to onboard customers faster while preventing fraud, meeting compliance mandates and, importantly, promoting trust and safety. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF). For more information, visit AU10TIX.com.

PKI Spotlight Continuously Monitors Status of Organizational Public Key Infrastructure (PKI) and Hardware Security Module (HSM) Configurations to Ensure Realtime Security Best Practices

PORTLAND, OR –– February27, 2024 ––   PKI Solutions — a Public Key Infrastructure technology leader with practices covering  PKI Design/Redesign and Implementation, PKI assessments, training, and support services – today introduced a new version of PKI Spotlight®, a real-time monitoring and alerting system that provides live status, availability, configuration, and security of PKI environments (Microsoft PKI and others) and hardware security modules (HSMs).  The latest release of PKI Spotlight has increased its award winning “Best Practices” alerting to more than 115.  These Best Practice alerts are designed to aid organizations with operational resiliency, security posture management, threat detection, and refined PKI operational and configuration best practices.

Unfortunately for most organizations, their PKI was installed and then almost forgotten.  In reality, a healthy PKI (like most security systems) needs constant review.  PKI Spotlight maintains the security and integrity of PKIs with visibility into configurations that can impact identity and encryption systems in a manner that reduces an organization’s risk for business continuity and security threats.

“The distributed nature of PKI creates operational challenges that aren’t addressed by certificate lifecycle management or existing generic system monitoring products,” said Mark B. Cooper, President, PKI Solutions.  “PKI Spotlight allows users to easily and effectively manage their PKI and HSM environments to keep them available, functional, and most importantly: Secure at all times.  Real-time alerts spot problems in an instant so teams can resolve issues or threats before they become a  problem.”

Cooper added, “PKI is the foundation for secure communication and authentication in the digital world. Managing digital certificates, keys, and trust relationships effectively is crucial to maintaining a robust PKI infrastructure. Without this important trust relationship, a hacker can masquerade as a legitimate company resource and only after-the-fact will a company know it’s been compromised.  PKI Spotlight’s new best practice alerts further enhance the platform’s ability to identify and rectify potential security weaknesses proactively.”

The benefits of best practice alerts in PKI Spotlight’s latest release include:

• Heightened Security Preparedness: Administrators gain enhanced ability to identify and rectify potential security weaknesses in real-time. These alerts cover areas from cryptographic algorithm compliance, trust chain validation, security configuration settings, and emerging threats. Addressing these alerts quickly helps organizations bolster their security preparedness and reduce the risk of threats.
• Enhanced Compliance and Regulatory Adherence: Compliance with industry regulations and standards is critical for PKIs to enable organizations to strengthen their compliance posture. These alerts offer insights into compliance violations and highlight areas that require immediate attention and improvement. This helps organizations adhere to industry and company standards, safeguard sensitive data and meet regulatory compliance.
• Streamlined PKI Management Efficiency: Streamlined PKI management helps administrators prioritize their efforts based on the criticality of each alert for better resource allocation and efficient operations, which reduces administration tasks.
• Continuous Learning and Knowledge Enrichment: Continuous learning and knowledge enrichment among PKI administrators and security teams through regular alerts and implementing recommended practices fosters a culture of security awareness. Administrators gain valuable insights into emerging threats, industry best practices, and evolving compliance requirements. This empowers them to make informed decisions, proactively address vulnerabilities, and stay ahead of potential security risks.
• Removing the Unintended Consequences Risk:  All too often, people who manage a PKI will perform a simple change which can have a cascading effect throughout the PKI.  PKI Spotlight will send an alert that this change is in violation of a Best Practice and allow the company to make the correction quickly.

About PKI Solutions

PKI Solutions is a leader in PKI technology solutions, PKI design/redesign, PKI implementations, security assessments, and training.  Many of the online services everyone uses today are made possible through the use of PKI. A well-designed PKI combines roles, policies, software, and hardware elements to enable secure electronic transfer of information far more securely than what’s possible with simple password authentication and multi-factor authentication.

Designing and deploying a PKI is a complex process. Ensuring the security and processes to protect your information and identities requires careful consideration of the underlying cryptography and operational processes of the system. Like most security solutions, a deployed PKI is not an install it and forget it proposition. This is where PKI Solutions comes in.

The company’s PKI Spotlight is a revolutionary new cybersecurity monitoring software that gives organizations confidence in their identity and encryption systems. PKI Solutions professional services include PKI Consulting Services as well as PKI Training to help keep your organization secure at all times.

For more details, go to https://wwwpkisolutions.com and follow the company on X.com (formerly known as Twitter) @PKISolutions.

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Media Contact:

Dan Chmielewski

Madison Alexander PR, Inc.

949-231-2965

dchm@madisonalexanderpr.com

Tel Aviv, February 26, 2024 – groundcover, reinventing the cloud-native application performance monitoring domain with eBPF, introduces inCloud, a modern observability backend tailor-made for cloud-native environments. inCloud – currently supported on AWS and GCP –  offers a unique combination of a fully managed enterprise-grade observability storage infrastructure for logs, metrics and traces, alongside full data privacy, and data retention control keeping all observability data inside the customer’s cloud infrastructure. inCloud automatically connects to groundcover’s cutting-edge eBPF sensor and its SaaS user interface – comprising groundcover’s full-stack observability platform.

Today’s observability solutions offer organizations an impossible dilemma: Choose to ship all observability data to a managed 3rd party solution and risk exposing sensitive data and paying immense and unpredictable costs for their data volumes, or turn to build and lean on a self-hosted open-source stack which requires endless maintenance and provides a sub-par experience.

Backed by best-of-breed technologies like ClickHouse and VictoriaMetrics, groundcover’s  inCloud strikes the perfect balance in order to solve this dilemma. It offers a separation between an on-premise and private data plane and a remote control plane that manages its infrastructure and facilitates a secured access to its data sources. This unique approach allows groundcover to support any scale, cut network and storage costs dramatically, and offer a flat price for any volume of logs, metrics or traces.

groundcover’s inCloud fully manages, configures, and maintains the necessary infrastructure within the cloud environment of the customer, supporting streamlined deployment, resource tuning, disaster recovery and guaranteed availability. It leverages additional services by the cloud provider such as cloud storage, managed Kubernetes services, virtual private cloud networks, and load balancers, to create a robust and scalable environment. Health monitoring, security patching and scaling are all automated. Access to groundcover’s inCloud is securely managed through the cloud provider’s built-in access federation features, with specific roles and permissions set up to ensure that the groundcover control plane can manage resources effectively, while adhering to strict security principles. 

The entire setup, from infrastructure provisioning to ongoing maintenance, is managed by groundcover, providing an enterprise-grade solution that minimizes the operational burdens of installing and maintaining an observability solution on-premise. inCloud is the only solution in the market that combines the advantages of an on-premise deployment with the hassle free promise of a SaaS solution.

About groundcover

Launched in 2021, groundcover is a cloud-native application monitoring solution that reinvents the domain with eBPF. Built for modern production environments, it enables teams to instantly monitor everything they build and run in the cloud without compromising on cost, granularity, or scale. Founded by Shahar Azulay (previously ML Manager, Apple) and Yechezkel Rabinovich (previously Chief Architect, CyberMDX). The two served together in an elite cyber unit in the Israeli Prime Minister’s office where they dealt with frustration caused by APM issues.  The company has raised $24.5M to date from VCs such as Zeev Ventures, Angular Ventures, Heavybit and Jibe Ventures. 

For further information please contact

Mira Marcus | PR, groundcover | mira@groundcover.com

Apple security leader analyzes 15 million endpoints to better understand the biggest security trends impacting the modern workplace

MINNEAPOLIS – Feb. 22, 2024 – Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today released their annual Security 360 report revealing that organizations are extremely ill-equipped to deal with today’s sophisticated cyber threats. The analysis looks at real-world customer data, cutting-edge threat research, and noteworthy industry events to provide an overview of the evolving threat landscape affecting organizations and employees in today’s workplace.

To gather the data, Jamf examined a sample of 15 million desktop computers, tablets and smartphone devices they protect, across 90 countries and multiple platforms (macOS, iOS/iPad, Android and Windows). The analysis, carried out in Q4 2023 and revisiting the prior 12-month period, revealed many key themes, chief among them that organizations’ cyber hygiene is abysmal and threat actors are ready to strike with the most sophisticated attacks yet.

Findings show that:

• 40% of mobile users and 39% of organizations are running a device with known vulnerabilities
• Jamf tracks 300 malware families on macOS and found 21 new families on Mac in 2023
• Trojans are growing in popularity, accounting for 17% of all Mac malware instances
• Phishing attempts were 50% more successful on mobile devices than on Macs
• 20% of organizations were impacted by malicious network traffic

The findings from the report are divided into four threat categories:

• Device risks
• Application risks
• Malware risks and attack evolution
• Web-based risks

Jamf also offers advice on remediation techniques for organizations and users alike to shore up their cybersecurity defenses before they can be impacted by the sophisticated cyber threats targeting verticals from healthcare to high-profile journalists and government leaders. The good news is remediation does not have to be difficult – many of the recommendations provided reiterate the importance of “going back to basics.”

“This report aims to highlight the diversity of the modern threat landscape, with a close look at the primary attack vectors being used to compromise individuals and businesses around the globe,” said Michael Covington, VP of Portfolio Strategy at Jamf. “The data in our report shows that Mac and mobile fleets have fared reasonably well over the past 12-months, but that result is largely due to sheer luck; with a growing list of malicious tactics emerging and with organizations demonstrating poor security hygiene overall, the year ahead is likely to be bad for business if trends do not change. It’s time for organizations to get their modern device estates in order by embracing industry best practices and building a defense-in-depth strategy for the hybrid workforce.”

The full report will be available at ttps://www.jamf.com/resources/white-papers/security-360-annual-trends-report/ at 9am ET on Feb. 22.

About Jamf

Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

Media Contact

Liarna La Porta | media@jamf.com

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SeeMetrics launches a dedicated set of cybersecurity performance boards to allow CISOs to govern more effectively

Tel Aviv, February 21, 2024 — SeeMetrics, the pioneering Cybersecurity Performance Management (CPM) platform reshaping how security leaders measure, track, and improve security performance, launches its latest development: Governance Boards. This product feature launch comes in anticipation of the NIST CSF 2.0 framework expansion, which introduces the new Govern function.

The new NIST Govern function is aimed at monitoring organizations’ cybersecurity risk management strategy, expectations, and policy. The six categories listed under Govern correlate with SeeMetrics’ approach to Cybersecurity Performance Management (CPM), focused on granting a panoramic oversight to the CISO and CISO’s team. With these boards, which are out-of-the-box (OOTB) collections of ready-to-use metrics, security leaders will manage their policies, processes, and KPIs driven by organizational context and a clear connection between risk and business strategy.

The Governance Boards will initially be comprised of three boards needed in order to govern effectively, with each board providing a different point of view on policies:

• CISO Lay of the Land Board – The primary purpose of this board is to provide security decision-makers with a rapid and intuitive understanding of overall system performance, enabling informed and timely responses to safeguard the organization. It’s a dashboard that shows CISOs the current state of security operations at a glance, backed by a comprehensive analysis of the entire operations. It collects the relevant data and metrics from different boards representing various security programs, offering a visual representation of what really matters. Serving as a snapshot of the organization’s security landscape for the CISO to look at every morning, this board offers a high-level view, tracking and analyzing trends against key performance indicators (KPIs).
• CISO Policy Enforcement Board – A centralized dashboard designed to oversee and enforce a cohesive set of policies that are currently most important for the CISO to track on a daily basis. This board is an assembly of key metrics from various security domains such as security awareness and endpoint protection. The CISO Policy Enforcement Board plays a crucial role in ensuring that organizational policies are consistently applied, helping to mitigate risks and enhance security posture across the entire enterprise. Coupled with SeeMetrics’ customizations capabilities, each CISO can easily adapt the board on an ongoing basis as their priorities change.
• NIST Functions Dedicated Board – This board corresponds with all of the NIST functions, providing a systematic approach to cybersecurity management. The board serves as an organized platform where relevant information, processes, and metrics are categorized based on the corresponding NIST function. Each board is designed to streamline and guide activities related to that specific function. The NIST Functions Dedicated Board facilitates a comprehensive and structured implementation of cybersecurity measures. By breaking down the NIST functions into a dedicated board, organizations can effectively govern, as NIST CSF 2.0 suggests.

“Introducing the Governance Boards underscores our strong commitment to proactive and strategic cybersecurity governance,” says Shirley Salzman, CEO and Co-Founder of SeeMetrics. “By building these dedicated boards we are providing CISOs with a new kind of automated oversight that previously took too much time and resources to achieve. We are taking on the work of identifying what needs to be measured and the long, tedious process behind it. By automating it we are freeing up the CISO’s time and resources while also giving them a new layer of knowledge.”

About SeeMetrics

SeeMetrics is a Cybersecurity Performance Management (CPM) platform that provides security leaders with continuous real-time oversight of their operations, eliminating the need for manual data collection or input from SMEs or analysts. The automated platform is made up of collections of out-of-the-box metrics to measure different programs. Each collection can be easily and intuitively customized to serve different needs, allowing security leaders to measure the entirety of their security metrics program on an ongoing basis and better manage their operations. SeeMetrics customers include global financial, insurance, and software companies across different ranges of cybersecurity maturity.

SeeMetrics was founded in 2021 by Shirley Salzman, CEO and Shay Haluba, CTO, who raised $6M from VCs such as Work-Bench, 8VC, AGP, Essence VC, K5 Global and Verissimo. SeeMetrics’ Advisory Committee includes well-known industry names such as Sounil Yu, CISO & Head of Research at JupiterOne; Jason Chan, Former CISO of Netflix; Rafael Franco, Former Deputy General of the Israeli Cyber Directorate; Julie Tsai, Six-time CISO/Head of InfoSec and DevOps(Sec) specialist; Frank Kim, CISO & Fellow at SANS Institute; and Susan Chiang, CISO at Cloudflare.

For further information or high res images please contact

Mira Marcus | PR, SeeMetrics | mira@seemetrics.co

Tight integration across the company’s portfolio, enriched with many new capabilities, the new version bolsters security and lowers risk to OT operations

Tel Aviv, Israel – February 20, 2024 – Radiflow, a leader in OT cybersecurity and risk management solutions and services, announced the release of its upgraded solution portfolio. The new version enables industrial and critical infrastructure operators to improve their security posture, optimise the ROI of their cyber spend, and embark on an effective risk management program according to the requirements of the upcoming EU NIS2 Directive. In addition, the new version simplifies and centralises the management of the entire solution suite, delivering more value to OT operators.

Coming into force later this year, NIS2 mandates that essential organisations deploy effective cybersecurity solutions that protect critical assets and operations. In addition, NIS2 requires adoption of an effective, ongoing risk management program that includes frequent, accurate risk assessments. The upgraded Radiflow solution suite helps organisations achieve these requirements.

“Our integrated portfolio offers deep visibility into industrial networks, empowering CISOs to detect and respond to cyber threats while proactively measuring their risk and optimising their cyber spend,” said Michael Langer, Chief Product Officer for Radiflow.

Radiflow’s threat-detection platform, iSID, safeguards thousands of industrial settings, including maritime vessels, from cyber threats. The new version of iSID includes industry-specific network visibility and asset management capabilities, as well as alert-triage improvements for speed and effectiveness.

CIARA, the data-driven OT risk assessment and management solution, uses data collected by iSID to create a digital twin of the OT network, enabling it to run security simulations that measure risk to business and industrial processes. The new version of CIARA introduces state-of-the-art capabilities for enterprise security planning, allowing CISOs to optimise cybersecurity spending per site and across the entire OT estate. CIARA’s attack vector analysis is compatible with the MITRE ATT&CK Knowledge Base Version 14, which allows CISOs to analyse emerging threats to production crown jewels. CIARA’s speed and automation enable operators to conduct frequent, accurate risk assessments.

The new version of iCEN centralises the monitoring and management of multiple  iSIDs, providing a unified view of OT assets, alerts, risk scores, and more from a single pane of glass. Integrating with CIARA, the results of risk assessments are displayed on the iCEN dashboard. In addition, iCEN delivers insights regarding trends over time, and it accurately prioritises alerts for efficient processing and investigation.

“With our new version, Radiflow has tightly integrated its entire portfolio,” declared Ilan Barda, CEO. “Customers can manage the entire gamut of our solutions from one centralised console, boosting security posture and risk management in consideration of NIS2 requirements, while simplifying cyber operations and optimising their cost.”

About Radiflow

Radiflow is a leading, global provider of OT security solutions and services for critical infrastructure and industrial automation. With broad and deep industrial cyber experience, the company enables operators to continuously safeguard their operations while they manage risk, optimise their security budget, and comply with regulations and industry best practices.

Radiflow OT security solutions and services are deployed at more than 8000 sites worldwide, supported from offices and partners in Europe, APAC, and North America.

Radiflow is part of the Sabanci Group, an international conglomerate involved in financial services, energy, cement, retail, and other critical infrastructure and industrial sectors.

Fresh brand identity and funds at Founderful signal growth and optimism in the Swiss ecosystem. 

Zurich, Switzerland – 13th February 2024: Five years after it launched, venture capital firm Wingman Ventures has today rebranded as Founderful and is announcing it has quickly raised $85m for its new fund, aiming to reach a final close at $120m in the months to come.

The firm was founded in 2019 by Swiss unicorn GetYourGuide co-founder Pascal Mathis, former Switzerland Lead at Creathor Ventures Alex Stöckl, and EAT.ch co-founder Lukas Weder. The team’s driving force has always been helping ambitious Swiss tech startups to become international market leaders. The firm was established with the singular goal of backing local, pre-seed startups in their first financing round with hands-on, founder-focused funding.

Bucking the venture trend of keeping ‘dry powder’ on hand, Founderful has made nearly 50 investments in the last 4 years alone, having made eight Swiss investments in 2023.

From Fund I, Founderful has deployed $60m into 40 startups. This represents 109 founders who scaled to create 1,093 jobs and went on to raise almost 6x additional funding of over $350m in just 3 years, some of which from leading international venture firms. Notably, Wingtra (survey drones) has scaled to 200 employees and an annual revenue of over $20m. DePoly has been recognized globally for its revolutionary plastics recycling technology and raised a $15m seed round, while Corintis (sustainable computing) is working with tech giants such as Microsoft, Google, and Nvidia.

Founderful has already started deploying the capital raised in Fund II, backing the founders of Chiral Nano (alternative silicon chips), Nala Earth (ESG reporting), Ascento (security robotics), SAEKI (manufacturing robotics), Anthropos (workplace skills), Isospec Analytics (biomolecular analysis), Eightinks (lithium-ion batteries) and Faive Robotics (humanoid robotics).

Alex Stöckl, Founding Partner at Founderful, commented: “We’re beyond grateful that we get to continue our work with the most ambitious founder teams of this exciting ecosystem. Switzerland is one of the world’s fastest-growing venture capital markets. With the global shift towards more complex technologies solving some of our society’s most pressing challenges, it will become one of the world’s most important tech hubs. With our founder-operator backgrounds and the deeply rooted access we’ve built over the years into the universities and research institutions with our Founderful Campus program, we’ve become the go-to firm for entrepreneurs and investors alike.”

Founderful II is backed by a range of institutions, family offices, and founders who have successfully scaled their startups into global unicorns such as Duolingo, Climeworks, GetYourGuide, Delivery Hero, and Scandit.

Severin Hacker, CTO and co-founder at Duolingo, commented: “Building Duolingo, I’ve seen my own fair share of VC firms, and it is rare to collaborate with an investor who is as meticulous and relentless toward creating value to the founders they backed, as the team at Founderful.”

Jonas Theiler, Head of Asset Management at Artemis Group, added: “We’ve been working with Founderful since day one, and the companies they back have impressive substance and relevance from a technological and business perspective – they are spot-on doubling down on the Swiss venture ecosystem.”

Founderful is laser-focused on the Swiss tech market and, with it, concentrated on supporting founders in the B2B software and industrial technology space This includes robotics and industrial automation, artificial intelligence and machine learning, computer vision technologies, and material sciences innovations in cleantech, climate tech, and construction tech. Founderful works quickly and closely with academia and industry to boost the new generation of technology leaders.

Lukas Weder, Founding Partner at Founderful, commented: “Our fresh identity as Founderful reflects our purpose as a venture capital business to have the deepest understanding of founders and give them the highest level of support. We were once founders ourselves and know what it takes to succeed. We are redefining founder-friendliness beyond just the term sheet through sharing advice, granting insights, and investing courageously. We bring lightheartedness and empathy to serious topics and remain calm in the face of adversity. We try to be the honest companion we would have wanted by our side when we built our own companies.”

The Founderful thesis on investing in Swiss-based startups has been proven by three megatrends:

• For the 13th consecutive year, Switzerland has ranked first in the Global Innovation Index – topping the lists for technology, knowledge, and creative output. It also has the world’s highest patent per capita ratio, and ETH Zurich produces more university spin-outs than any other university worldwide.
• Big tech is fascinated by Switzerland, which is why Google has 5,000 developers there (its largest tech office outside the US). Disney, Nvidia, Meta, Huawei, and Intel have consistently grown their local R&D teams over the past years.
• Switzerland is a Unicorn state – there are more billion-dollar tech startups per capita in Switzerland than anywhere else in Europe. Recent unicorn graduates like Scandit (logistics software), Climeworks (carbon capturing), and SonarSource (code security), and bootstrapped under-the-radar success stories like Proton (internet privacy) underline Switzerland’s rising global relevance for B2B technologies.

Yoram Wijngaarde, CEO and founder of Dealroom, added: “When looking at our data, Switzerland has been on the rise as one of Europe’s fastest growing VC ecosystems over the past five years, and in 2023 becoming the fifth largest venture market on the continent only behind powerhouses UK, Germany, France and Sweden. When you look at nine tech unicorns on 9 million inhabitants, it becomes apparent that this is a market you cannot miss in your coverage as a European fund or limited partner.”

Notes to the editor

Media images can be found here. For further information, please contact the Founderful press office at press@founderful.com or Bilal Mahmood at b.mahmood@stockwoodstrategy.com or +44 (0) 771 400 7257

About Founderful

Founderful is Switzerland’s leading pre-seed fund. We give every founder our deepest understanding and highest levels of support, and together, we’re building the future of the Swiss startup ecosystem. For more information, please visit our website or LinkedIn.

Software-driven Layer Switch-off and MIMO Channel Shutdown results in better power management and capacity without impacting user experience. Built upon GreenRAN™ xApps, operators can fine-tune network activity based on demands.

Nashua, NH, February 06, 2024 – Parallel Wireless, the leading provider of Open RAN platform-agnostic solutions, has announced the availability of its O-RAN compliant GreenRAN™ xApps Suite, powered by the Near Realtime RIC (Radio Intelligence Controller) Platform. Applied as an intelligence layer across the network, the MIMO (Multiple Input, Multiple Output) Channel Shutdown and the Layer Switch-off xApps are designed to optimize the network cluster power efficiency while maintaining QoE (Quality of Experience) in both uplink and downlink, operating seamlessly in urban and suburban areas.

While the RAN industry has utilized energy-saving techniques for some time, it remains very challenging to conserve power as user demands fluctuate. Traditionally, sites are allocated with bandwidth based on expected usage patterns. While this traditional approach reduces resource during low demand, it fails to respond in real-time, often resulting in inefficient power savings and poor user experience. To address this, Parallel Wireless deploys GreenRAN™ xApps connected over E2 interface to all sites, formalizing a cluster view, and allowing each site to respond to true demand in near real-time by managing users between cell and sites within the cluster, while maximizing user experience and the layer shutdown. In addition, the xApps optimize the user MIMO configuration between MIMO 4×4 to MIMO 2×2 while maintaining UE (User Equipment) channel quality. The shutdowns are performed in near real-time with the ability to respond to frequent network behavior changes. The result is substantial energy savings compared to traditional solutions.

“Parallel Wireless’ xApps, part of our GreenRAN™ solution suite, adjust the power demand at the cluster level by utilizing fewer resources across the network, without compromising signal quality,” said Steve Papa, Founder and CEO of Parallel Wireless. “Along with our other energy-efficient GreenRAN™ solutions, our xApps were developed with our customers’ challenges in mind, to help them reduce TCO (Total-Cost-of-Ownership) and support them in their journey to Net Zero”. The ability to deploy multiple xApps allows carriers to drive efficiency beyond power demand. The Parallel Wireless MIMO Channel Shutdown xApp improves channels’ usage while reducing antenna use. This constrains the number of Downlink MIMO layers and reduces related costs by an estimated 35% at the cluster-level.

“Our GreenRAN™ xApps utilize low-latency Open RAN technology, allowing operators to focus on specific clusters and enable optimization at the individual handset level,” said Baruch Navon, President and COO of Parallel Wireless. “By leveraging Open RAN capabilities, we can identify the needs of individual handsets and lower resources, such as moving from MIMO 4×4 to 2×2 without impacting user’s experience.” This is critical in today’s networks where coverage is widespread, but signal quality and bandwidth remain inconsistent due to energy resource challenges.

About Parallel Wireless

GreenRAN™ from Parallel Wireless is expanding the ecosystem for Open RAN with energy-efficient cross-platform technology. Deployed worldwide, our comprehensive platform independent 2G/3G/4G/5G Macro RAN solutions enhance network energy security while reducing operating expenses. As a leading Open RAN pioneer, we prioritize innovation and technology flexibility, making our commitment to open networks unwavering. Headquartered in the USA with global R&D centers, our most critical mission is to accelerate GSMA’s Mobile Net Zero initiative.

Vade, a global leader in AI-powered threat detection and response with more than 1.4 billion protected mailboxes worldwide, today announced that it has pioneered a new method that improves the confidence of its spear-phishing detection engine. The enhancement, designed to combat advanced threats including those produced by generative AI, leverages threat samples created by artificial technology and human sources.

The new method trains Vade’s spear-phishing algorithms on a unique combination of traditional and artificially generated spear-phishing emails. Vade has confirmed that the enhancement increases the confidence of detection across seven spear phishing classifiers, or categories. These range from scams involving W2 fraud, payroll fraud, banking fraud, and more. In the US, W2 fraud accounts for the largest improvement, seeing a 50% increase in confidence, followed by banking fraud at 30%. W2 fraud, which surges during the US tax season, occurs when attackers attempt to fraudulently obtain employee W2s. Vade is implementing the enhancement just as W2 fraud volumes have increased by more than 130% between December and January. 

Spear phishing is the costliest cyberthreat for businesses and consumers worldwide. According to the Internet Crime Complaint Center (IC3), reported losses globally from spear-phishing attacks amounted to $2.7 billion (USD) in 2022. That figure is expected to increase significantly in the coming years, especially with the emergence of generative AI tools that aid in content creation.

“We are entering a period of unprecedented transformation in cybersecurity,” said Adrien Gendre, Chief Technology and Product Officer at Vade. “Generative AI is becoming a gamechanger. It gives hackers new capabilities to deploy advanced attacks at scale and security vendors the opportunity to keep pace. As a leader in cybersecurity, we have long recognized the need to embrace generative AI as a force for good. And we are. We’re fighting fire with fire.”

Historically, spear phishing emails commonly contained characteristics that made them easier to detect as fraudulent, such as spelling and grammatical errors. Generative AI platforms can eliminate these factors, producing error-free text in any language. This enables foreign attackers to localize spear phishing emails and increase the appearance of legitimacy.

Since generative AI’s growth in popularity, Vade researchers have observed a significant increase in the quality of observed threats. And while generative AI creators have instituted safety controls to prevent misuse of their platforms, Vade analysts have conducted internal tests that demonstrate the ability to circumvent these measures.

Vade is implementing the enhancement for its email security suite, Vade for M365. Once complete, organizations will immediately see the benefits of the update.

Request a demo of Vade for M365

About Vade
Vade is a leading cybersecurity firm specializing in AI-driven threat detection and response solutions for Microsoft collaboration suite, with a focus on serving Small to Medium-sized Businesses (SMBs) and their Managed Service Providers (MSPs). With a global presence across eight locations, including the United States, France, Japan, Canada, and Israel, Vade’s flagship product, Vade for Microsoft 365, seamlessly provides supplementary cybersecurity services for Microsoft’s collaboration suite. The company’s best-in-class security solutions integrate robust AI-driven protection and automated threat remediation, resulting in improved efficiency, reduced administrative overhead, and optimized cybersecurity investments.

Vade provides distinctive protection against phishing, spear phishing, and malware, ensuring error-free configurations and enabling rapid deployment. Vade is a trusted choice for some of the world’s leading internet service providers and security solution providers, ensuring the security of 1.4 billion email inboxes.

To learn more, please visit www.vadesecure.com and follow us on Twitter @vadesecure or LinkedIn https://www.linkedin.com/company/vade-secure/.

SOURCE Vade

New machine learning and advanced behavioral threat hunting capabilities in managed threat hunting services empower security teams to defend against threats in real time.

MOUNTAIN VIEW, CA – January 30, 2024 – Organizations today face a relentless pace of sophisticated cyber attacks that they must be able to swiftly detect and neutralize to keep their assets and infrastructure safe. But many lack the time and resources to pull this off. To help them, SentinelOne (NYSE: S), a global leader in AI-powered security, today announced the general availability of new threat hunting capabilities in its WatchTower and WatchTower Pro managed threat hunting services specifically designed to support security teams in anticipating and countering threats across the enterprise with machine speed and efficiency.

“Limited visibility into potential security breaches and increases in the volume and intricacy of attacks have significantly expanded the risk exposure of businesses, and there is a critical shortage of skilled security professionals to mitigate it,” said Brian Hussey, Vice President, Threat Hunting and DFIR, SentinelOne. “With the expanded threat hunting capabilities now available as part of WatchTower and WatchTower Pro, customers can tap into SentinelOne’s unparalleled threat intelligence and leverage our security experts to quickly overcome these challenges and keep their business secure.”

Adapting to the Modern Threat Landscape

As part of the comprehensive managed security services offered by SentinelOne, WatchTower delivers intelligence-driven threat hunting, backed by expert human analysis, to identify emergent attackers and maximize threat visibility across every part of the business. The expanded capabilities launched today provide for:

• 24/7 real-time threat hunting
• Anomalous and suspicious behavior detection
• Expanded coverage against known and emergent threats
• Access to WatchTower’s in-house threat intelligence library, including behavioral hunting queries, indicators of compromise and more.

Leveraging these capabilities, security teams can gain the visibility, insights and expert support needed to proactively drive security and improve their risk posture.

“SentinelOne guarantees that an incident or suspicious behavior is reviewed and responded to within the least possible amount of time,” said Bruno Cunha, Cybersecurity Lead at Stingray. “And everything works perfectly whenever we need to perform any investigation, or respond to an event.”

The expanded threat hunting capabilities within WatchTower and WatchTower Pro are available today, and customers and managed security service providers (MSSPs) can begin leveraging them to stay prepared and responsive in the face of modern threats.

To read more about these capabilities, click here.

About WatchTower

WatchTower is a global team of threat hunters, investigators, and security researchers that have been providing industry-leading hunting and intelligence services to our clients since 2020.

About SentinelOne

SentinelOne is a global leader in AI security. SentinelOne’s Singularity™ Platform detects, prevents, and responds to cyber attacks at machine speed, empowering organizations to secure endpoints, cloud workloads, containers, identities, and mobile and network-connected devices with speed, accuracy and simplicity. Over 11,500 customers, including Fortune 10, Fortune 500, and Global 2000 companies, as well as prominent governments, trust SentinelOne to secure the future today. To learn more, visit www.sentinelone.com

Contact:

Karen Master

SentinelOne
karen.master@sentinelone.com

+1 (440) 862-0676