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    12 Israeli cyber-security firms to watch

    posted in security on 30th Nov, 2017

     

    Following the disastrous ‘Year of the Data Breach,’ Israeli companies are taking the lead in foiling increasingly sophisticated hackers.

    January 15, 2015, 6:00 am
    A computer hacker plans his next campaign. Photo by Flash90.

    When hackers exposed embarrassing emails, passwords, Social Security numbers and other sensitive data from Sony Pictures Entertainment in November last year, the world sat up and took notice. The data thieves (purportedly from North Korea) wreaked internal havoc at Sony and disrupted the planned rollout of its film The Interview, costing the company millions of dollars.

    However, as an NBC News headline put it, “Sony Hack Is Bad, But the Real Cyberwar Is All Around You.”

    Indeed, no entity is immune. Last year – dubbed “The Year of the Data Breach” by industry observers — high-profile cyber-attack victims included eBay, Domino’s Pizza, Target and Home Depot, along with financial institutions, media outlets and government websites. Damages from a single hack attack can reach millions of dollars.

    No wonder cyber-security businesses abound worldwide. And second only to the United States, Israel is providing the most products to fight this costly crime. About 200 Israeli companies specialize in cyber-security, accounting for $3 billion worth of anti-hacking exports in 2013. One-quarter of the world’s venture capital-funded cyber-security startups are Israeli.

    At the same time, Israel is pouring major resources into a comprehensive cyber-security development complex, CyberSpark, in Beersheva.

    Here we list a dozen Israeli companies to watch as we enter another year full of cyber dangers around every corner.

    1. Check Point Software Technologies

    Check Point is the granddaddy of cyber-security in Israel. Founded in 1993 and now Israel’s biggest tech firm, Check Point pioneered FireWall-1 and boasts all Fortune and Global 100 companies as customers for its award-winning ZoneAlarm solutions against hackers, spyware and identity theft. Its international headquarters is in Tel Aviv; it has offices across the United States and in 38 other countries.

    In December, Check Point’s Malware and Vulnerability Research Group alerted the world to Misfortune Cookie , which enables an intruder to take over a residential router remotely, and use it to attack all devices connected to it — including computers, phones, tablets, printers, security cameras or any other networked device.

    2. CyberArk Software

    CyberArk CyberArk was selected “best advanced persistent threat (APT) protection” at the SC Awards Europe 2014.
    CyberArk CyberArk was selected “best advanced persistent threat (APT) protection” at the SC Awards Europe 2014.

    Israel’s largest private cyber-security company until its successful IPO last September, CyberArk makes privileged-account security solutions used by nearly half of the Fortune 100 and most of the world’s 20 largest banks. Its award-winning software “locks up” critical IT infrastructure, monitoring and recording everything done with data accessed by authorized (“privileged”) users on-premise, off-premise or in the cloud. The company, now traded on NASDAQ, was founded in 1999 in Petah Tikva and has international offices.

    3. Imperva Data Center Security Solutions

    Imperva, founded by Check Point cofounder Shlomo Kramer, focuses on products for data-center security – what it calls a “third pillar of enterprise security designed specifically for the modern, hyper-connected world.” Solutions cover physical, virtual or off-premise data centers. Imperva’s headquarters is in California, with R&D in Tel Aviv. Last year, it acquired security firms Skyfence (Ramat Gan) and Incapsula (Rehovot).

    4. ThetaRay

    Based in Jerusalem, ThetaRay provides a big-data analytics platform and solutions for advanced cyber security, operational efficiency and risk detection against unknown threats. ThetaRay was founded in 2012 based on the algorithmic research of founders Amir Averbuch of Tel Aviv University and Ronald Coifman of Yale. The product’s algorithm learns the “normal” behavior of a system and flags any unusual activity.

    5. CyberSeal

    CyberSeal’s technology identifies and deals with cyber threats in wired and wireless communications networks. The company, founded in 1998 as WebSilicon and bought in 2012 by Magal Security Systems, won second place in last November’s International Innovation Competition for Homeland Security and Cyber Technology held in Tel Aviv. CyberSeal is based in Yehud.

    6. BioCatch

    BioCatch, which snagged Frost & Sullivan’s 2014 Best Practices and New Product Innovation Leadership awards, makes biometric solutions for mobile and web applications – especially in banking and ecommerce — by collecting and analyzing more than 400 bio-behavioral, cognitive and physiological parameters to generate a unique user profile and protect against risky transactions and cyber threats to users. Tel Aviv-based BioCatch was one of 10 listed as a “FinTech Company to Watch” by American Banker and the Bank Administration Institute in 2014.

    7. Seculert

    Based in Petah Tikva with branches in the US and UK, Seculert offers a cloud-based security platform that protects distributed enterprises from advanced threats and malware by combining big-data analytics, machine-learning technology and behavioral analysis.

    Requiring no hardware or software, the product can cover all of a customer’s sites as well as employees working remotely and on personal mobile devices. IT research and advisory company Gartner named Seculert a “Cool Vendor” in its 2014 report on security infrastructure protection.

    8. Votiro

    Given that most malware is delivered by email or through downloads, Tel Aviv-based Votiro developed its Spear-Phishing Protection Service to sanitize all files attached to email messages. Its Secure Data Sanitization Device physically secures data in both directions, and its Uni-Directional Link provides a “secured bridge” between internal networks intentionally isolated from one another and lacking an Internet connection. Votiro, founded in 2009, was recognized as an Emerging Technology Vendor for 2014 by CRN magazine, and won a gold medal at the 2014 RSA Security Conference.

    9. Argus Cyber Security

    This security pioneer in the automotive industry was founded by veterans of Israeli Intelligence Unit 8200 to keep cars of the future safe from hackers. Argus offers original equipment manufacturers innovative security methods to keep connectivity technology safe from threats such as unauthorized access. The Tel Aviv company is already making headlines as the autonomous-vehicle market emerges, and with it the fear of hackers manipulating systems such as steering and acceleration.

    10. SenseCy

    SenseCy specializes in proactive cyber-security, using a methodology called “virtual HUMINT” (short for “human intelligence”) to access and analyze open-source information from Deep-Web sites, DarkNet, social networks, forums, discussion groups and news websites around the world with the help of avatars created by staffers. Founded last year in Netanya, SenseCy is geared to financial, media, government and defense, national infrastructure and corporate clients.

    11. Covertix

    This Kfar Saba-based company won two awards for its SmartCipher system at last year’s RSA Security Conference in San Francisco, one in the Database Security, Data Leakage Protection and Extrusion Prevention category and another in the Awesome Product of the Year category. SmartCipher assigns policies and rights to data files, virtually locking out unauthorized users.

    12. Lacoon Mobile Security

    Here’s how the Lacoon platform works.
    Here’s how the Lacoon platform works.

    BYOD (bring your own device) mobile data security is a growing concern in the business world. Israeli companies have stepped in with solutions (we previously wrote about one of the newest, Skycure for managing and mitigating BYOD risks and protecting corporate assets).

    Founded in 2011, Lacoon is creating a buzz for its MobileFortress threat-management platform, which uses proprietary, patent-pending algorithms to conduct multi-level risk assessments in the cloud to identify and prevent existing, emerging and advanced mobile attacks to iOS and Android devices. The company opened a San Francisco office last July.

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    Battery Recycling: The world’s most used renewable power source

    posted in Mobile Market on 29th Oct, 2017

    Battery Recycling: The world’s most used renewable power source: Advanced technologies & growth opportunities in worldwide Industry by 2025

    Battery recycling is a process of reducing the number of batteries being disposed as trash. Battery recycling helps in decreasing the number of toxics chemicals. Battery can be of different types such as lithium-based battery, nickel-based and lead acid battery. Lead acid battery consume less energy as compared to both lithium and nickel battery

    Battery recycling reduces the emission of greenhouse gas and helps to maintain the environment for future generation are the major driving factor helps in surging the growth of this market whereas lack of awareness among the people about battery recycling can act as the restraining factor in the market. Increasing demand for automobile industry is expected to grow the market for battery recycling over coming years.

     

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    Tencent's Two-Word Pitch To Western Brands

    posted in weboga on 29th Oct, 2017

    About Tencent

    Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.

    Tencent's Two-Word Pitch To Western Brands

    Tencent is staking its claim as the main gateway into China for Western brands.

    The tech giant recently opened up its advertising tools to marketers in the US — building a bridge between the world’s largest and second-largest advertising markets, and giving brands new abilities to reach Chinese audiences across its marquee messaging apps, WeChat and QQ.

    To make its case to global brands and marketers, Tencent attended Advertising Week New York, the ad-industry summit held every fall, for the first time this year. BI Intelligence sat down with Steven Chang, Corporate Vice President at Tencent Online Media Group (OMG), to discuss his company's strategy for attracting brands to its platforms.

    BI Intelligence analyst Robert Elder

    Tencent is staking its claim as the main gateway into China for Western brands. The tech giant recently opened up its advertising tools to marketers in the US — building a bridge between the world’s largest and second-largest advertising markets, and giving brands new abilities to reach Chinese audiences across its marquee messaging apps, WeChat and QQ.

    To make its case to global brands and marketers, Tencent attended Advertising Week New York, the ad-industry summit held every fall, for the first time this year. BI Intelligence sat down with Steven Chang, Corporate Vice President at Tencent Online Media Group (OMG), to discuss his company's strategy for attracting brands to its platforms. 

    According to Steven, Tencent’s strategy can be summarized in two words:

    1. "Connector" — of people and businesses in China

    A self-described platform with “social as its DNA,” Tencent owns China’s top instant messaging and social networks — WeChat (or Weixin, as it’s known locally) and QQ, which have 968 million and 850 million monthly users, respectively. WeChat alone had 877 million daily users in June 2017, and 10 million Official Accounts, which are akin to Facebook business Pages, at the end of 2016.

    Each of these apps, but especially WeChat, functions as a nexus of internet activity in China, connecting people with one another, as well as with online and offline services. These apps' user numbers dwarf the next biggest social platform in the country, Sina Weibo, which counted 367 million monthly users at the end of Q2 2017.

    Tencent is also behind China’s second-biggest online payments platform, Tenpay, and is the biggest shareholder in the country’s second-largest online retailer, JD.com

    bii user growth on tencent social networks wechat qq qzoneBI Intelligence

    2. "Content" — an ecosystem to draw and retain users

    Tencent’s other competitive advantage is the breadth of content and intellectual property (IP) featured across its apps. It's the largest online gaming company in the world by revenue. Tencent News leads the industry in China in terms of daily users. Tencent Video ranks first in China in terms of mobile video views. And Tencent Literature, its platform for online reading, counted roughly 2.5 million daily paying readers at the end of 2016. 

    The company also held 77% of the Chinese music streaming market at the start of 2017 through its three streaming services QQ Music, Kuwo, and Kugou. In the broadcasting space, Tencent NBA reached 370 million unique users in the 2016-2017 season, with over 100 million tuning in for live games. At the end of the season, Tencent's NBA Finals broadcast attracted more than 175 million people — a world record for live streaming viewership online.

    Tencent's portfolio of content allows it to experiment with IP and create custom and bespoke brand campaigns. The company can take a successful piece of content from any of its categories and spin it off, like taking a popular game and translating into a movie or TV show, for instance. This opens the door for brand integrations, product placements, and other forms of native advertising within Tencent's content ecosystem.

    BI Intelligence

    Reach in China and Beyond

    Altogether, Tencent apps reach 98% of Chinese netizens and account for 55% of mobile time spent online. WeChat accounts for 30% of total mobile time spent online in China — the most of any single Chinese tech platform by a long shot — but it would be remiss to not mention the popularity of other Tencent-owned apps. The karaoke app WeSing (Quanmin K Ge) had 460 million registered users in August 2017, 76% of which were monthly users, and the mobile gaming sensation Honor of Kings boasted 200 million players — 55 million played the game daily, and 45% of all players were female.

    Tencent can also lead brands toward some 135 million Chinese users outside of China. The company recently began the first phase of its international rollout of Moments ads, which are similar to Facebook News Feed ads, giving global brands the power to target outbound Chinese tourists and expatriates. China has been the world's largest outbound tourism market since 2012: Last year, its international tourism expenditure increased by $11 billion to reach $261 billion, and the number of outbound travelers increased by 6% to 135 million, per the United Nations World Tourism Organization.

    bii digital advertising revenue of tech giantsBI Intelligence

    Because its nucleus is in social networking, Tencent arguably offers the strongest combination of “connection” and “content” among any of the big Chinese tech companies. This is unlike Baidu, whose core product is a search engine, or Alibaba, whose specialty is online retail. Yet, when it comes to advertising revenue, Tencent still trails its local rivals and, further in the distance, global advertising juggernauts Facebook and Google. However, with approximately $188 billion expected to pour into digital advertising globally this year, focusing on attracting international brand spending can help Tencent make up the gap. 

    This is a portion of an article based on an interview with Tencent's Steven Chang. To read the full article, sign up for access to BI Intelligence.


    It is Tencent's mission to enhance the quality of human life through Internet services. Presently, Tencent provides social platforms and digital content services under the “Connection” Strategy. Tencent’s leading Internet platforms in China – QQ (QQ Instant Messenger), Weixin/WeChat, QQ.com, QQ Games, Qzone, and Tenpay – have brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, financial services and others. As of March 31, 2017, the monthly active user accounts of QQ was 861 million while its peak concurrent user accounts reached 266 million. Combined MAU of Weixin and WeChat was 938 million. The development of Tencent has profoundly influenced the ways hundreds of millions of Internet users communicate with one another as well as their lifestyles. It also brings possibilities of a wider range of applications to the China’s Internet industry.


    Looking forward, Tencent remains committed to enhancing its development and innovation capabilities while strengthening its nationwide branding for its long term development. More than 50% of Tencent employees are R&D staff. Tencent has obtained patents relating to the technologies in various areas: instant messaging, e-commerce, online payment services, search engine, information security, gaming, and many more. In 2007, Tencent invested more than RMB100 million in setting up the Tencent Research Institute, China's first Internet research institute, with campuses in Beijing, Shanghai, and Shenzhen. The institute focuses on the self-development of core Internet technologies, in pursuing its development and innovation for the industry.


    Tencent's long term vision is to become the most respected Internet enterprise. In order to fulfill corporate social responsibilities and to promote civil Internet communities, Tencent has been actively participating in public charity programs. In 2006, Tencent inaugurated the Tencent Charity Fund, the first charity foundation set up by a Chinese Internet enterprise, and the public charity website gongyi.qq.com. The website focuses on youth education, assisting impoverished communities, care for the disadvantaged, and disaster relief. Tencent has currently begun a number of public charity projects across China. It strives to help build a harmonious society and to become a good corporate citizen.

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