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The wait is over! - it’s time to celebrate the champion startups of the world. Shout out to all of the participants in our ! You did a wonderful job showcasing your incredible startups and powering through another year. 2023 Startups of the Year is a community-driven voting platform brought to you by HackerNoon that recognizes and celebrates tech startups changing technology and the world for the better. The award started on May 8th, 2023, where the internet nominated and voted for 30k startups around the world. The voting period remained open until December 31, 2023, and now we are here with the winner announcement after a comprehensive evaluation by the HackerNoon team. Startups of the Year 2023 To see the top 3 startups in each respective city, visit and pick a city. hackernoon.com/startups You’ll get a little surprise 😉 Here are the Startups of the Year Regional Announcements: North America Europe Asia Africa South America Oceania Misc/Remote From all of us at HackerNoon, thank YOU for your excellent campaign perseverance 🥺 This year has been awesome! Startups of the Year 2023 is concluded with 623k+ total votes, up from 215k+ votes in the inaugural startup competition. We look forward to seeing you again in the next campaign (stay tuned 😉)! Without further ado, let us kick off the announcement by celebrating the cities with top votes per region for 2023 🎉 North America (11,697 votes): Winner: Bloomfilter Cleveland, Ohio (8,835 votes) - Winner: SerpApi Austin, Texas , California (5,564 votes) - Winner: Finch San Francisco (4,258 votes) - Winner: RELAYTO SoMa, California - (3339 votes) Winner: Windscribe Toronto, Canada, North America (3304 votes) - Winner: Vouched Seattle (2716 votes) - Winner: Seccuri Palo Alto, CA, North America (2671 votes) - Winner: Salsa Valley Miami, FL, North America (2,613 votes) - Winner: Majhi Group Manhattan, New York (2423 votes) - Winner: Flieber, Inc. New York City, NY, North America See the complete announcement for the . Startups of the Year, North America, here Europe (45,612 votes) - Winner: Algomo London, UK (2,344votes) - Winner: Data Lake Warsaw, Poland (1,955 votes) - Winner: Hoken Tech Bari, Italy (1716 votes) - Winner: Not8 Amsterdam, Netherlands (1657 votes) - Winner: KYVE Frankfurt Am Main, Germany (1566 votes) - Winner: BazaIT Kyiv, Ukraine (1496 votes) - Winner:  Unity Network Tallinn, Estonia (1,478 votes) - Winner: Volcaino Ghent, Belgium (1,288 votes) - Winner: Owl Me Dublin, Ireland (1198 votes) - Winner: Groover Paris, France See the complete announcement for the . Startups of the Year, Europe, here Oceania (3,350 votes) - Winner: Sharepass Melbourne (2,107 votes) - Winner: The Catfisher Project Perth, Australia (220 votes) - Winner: Gemini AI Solutions Auckland, New Zealand, Oceania (213 votes) - Winner: Nexustorage Wellington, New Zealand, Oceania (138 votes) - Winner: Coviu Sydney (124 votes) - Winner: Bopple Brisbane, Australia, Oceania (124 votes) - Winner: Regional CFO New South Wales, Australia, Oceania (106 votes) - Winner: Edit on the Spot Gold Coast, Australia, Oceania (93 votes) - Winner: Knowledge Satnav Canbera, Australia, Oceania , Australia, Oceania (48 votes) - Winner: Peptalk360 North Melbourne, Melbourne See the complete announcement for the . Startups of the Year, Oceania, here Asia (16,345 votes) - Winner: Serenity Shield Singapore (13,588 votes) - Winners: QUIXY Telangana, India (10,168 votes) - Winner: HealthySure Mumbai, India (3,865 votes) - Winner: InterviewBuddy Visakhapatnam, India (3,733 votes) - Winner: Omniflo Bengaluru, India (4589 votes) - Winner: MeNow Tel Aviv (3877 votes) - Winner: ForestVPN Dubai (2478 votes) - Winner: TechGraph Powai, Mumbai, India (1004 votes) - Winner: Reelo Ahmedabad, GJ, India (875 votes) - Winner: Debt Hunter Hong Kong, China See the complete announcement for the . Startups of the Year, Asia, here Africa (8,179 votes) - Winner: GO PLATFORM Algiers, Algeria (767 votes) - Winner: Tudu Accra, Ghana (415 votes) - Winner: Treford Lagos, Nigeria (265 votes) - Winner: Phalconwise Ogbomosho, Nigeria (157 votes) - Winner: AbuErdan Cairo (151 votes) - Winner: Eazipay Lekki (144 votes) - Winner: KaziConnect Dar es Salaam, Tanzania (101 votes) - Winner: faceATT Gauteng, South Africa (79 votes) - Winner: Dimagi Cape Town (71 votes) - Winner: Sabi Addis Ababa See the complete announcement for the . Startups of the Year, Africa, here South America (376 votes ) - Winner: UpGirl Santiago, Chile (217 votes) - Winner: Klever Sao Paulo, Brazil (191 votes) - Winner: Tributo Simple Buenos Aires, Argentina (127 votes) - Winner: Light-it Montevideo, Uruguay (87 votes) -Winner: Thousand Antioquia, Colombia (108 votes) - Winner: GetLavado Lima (101 votes) - Winner: Cogniflow Medellin (73 votes) - Winner: TPAGA Bogota (73 votes) - Winner: Reliv Quito (47 votes) - WInner: Quantex Cordoba See the complete announcement for the . Startups of the Year, South America, here Misc/Remote: Featured Startups (1500 votes) - Winner: CIC Chain Remote, Earth (1193 votes) - Winner: Reship Colony US Misc (146 Votes) - Winner: Partful UK, Misc (116 votes) - Winner: GoMining British Virgin Islands Misc (283 Votes) - Winner: tomorrowSpace Germany Misc (225 votes) - Winner: Dtravel Cayman Islands See the complete announcement for Misc/Remote startups . here Once again, HUGE CONGRATULATIONS and BIG PROPS to all of the top Startups of each region this year! The whole team at HackerNoon would like to thank you for your perseverance in the campaign, and we look forward to seeing you in the next campaign. About HackerNoon’s Startups Of The Year Startups of The Year is HackerNoon’s Flagship community-driven event celebrating startups that survived and thrived in 2023. 30,000 startups across 4200+ cities and six continents participated this year to be crowned the best startup in their city. Visit our page to learn more. FAQ Companies that blog more get 67% more leads - Jumpstart your company’s blogging journey by purchasing our . Business Blogging Package The 2023 Startups Of The Year is sponsored by: . . The winners get a free .Tech Domain, a HackerNoon NFT, and a Tech Company News Page. TECH Domains

Stand Up for the Champion Startups of the Year! 

বছরের চ্যাম্পিয়ন স্টার্টআপের জন্য দাঁড়ান!

Setzen Sie sich für die Champion-Startups des Jahres ein!

¡Defiende a las startups campeonas del año!

Défendez les startups championnes de l’année !

वर्ष के चैंपियन स्टार्टअप के लिए खड़े रहें!

今年のチャンピオンスタートアップのために立ち上がろう!

올해의 챔피언 스타트업을 위해 일어서세요!

Defenda as startups campeãs do ano!

Встаньте на защиту стартапов-чемпионов года!

Yılın Şampiyon Startup'ları için Ayağa Kalkın!

Hãy ủng hộ các công ty khởi nghiệp vô địch của năm!

为年度冠军初创企业挺身而出！

Think of the last time you set up a new smart device. It probably came with a default password manufacturers intend for people to use once before setting their own login details. But did you take that step? Many consumers don’t, which is why the United Kingdom’s government has cracked down on those passwords as part of larger improvements in smart security. What do they involve? World-First Law Against Default Passwords The Product Security and Telecommunications Infrastructure (PSTI) Act, enacted on April 29, 2024, makes the United Kingdom the first country to legally obligate manufacturers to protect device users against hacking attempts. Default passwords are a central focus. Those become problematic because default password lists often get distributed online, making it easy for cybercriminals to find entry points for wreaking havoc. The newly introduced legislation applies to all products with network or internet connectivity and forbids manufacturers from setting easily guessable passwords, such as “12345” or “admin.” If the device password contains them, users see prompts to change the credentials. Consumer information about the new law suggestsdevice users create passwords containing three random words. It also recommends two-factor authentication, if available. Such safeguards reduce the chances of adversaries successfully using artificial intelligence (AI) or other emerging tech to guess passwords faster or enter accounts with only those credentials. One security professionals study found 89% of respondents believe AI-enabled threats will cause challenges for the foreseeable future. Now is the time to take proactive prevention measures. One AI password cracker can discover 51% of credentials in less than a minute. That result highlights the importance of using strong passwords and other safeguards to secure smart home products. More User Transparency Another legislative aspect involves manufacturers publishing contact details so users can reach them to report bugs or other problems. Then, device makers and retailers must be upfront with users about the minimum time frames for providing security updates. There’s currently significant variation, with some vendors offering them for approximately two years while others release improvements for more than a decade. Many smart products state specifications such as battery life and compatibility with other products. You can expect to soon see similar information about security updates under the new laws. Think of them like the use-by dates on supermarket products. You’ve probably had a few foods spoil even though the label said they should have been still good to eat. Security updates are also not foolproof, but they make it harder for cybercriminals to break into smart devices. Many enterprising hackers specifically target older operating systems or devices no longer supported by their manufacturers. Effects Beyond the United Kingdom While this is a U.K. law, it applies to companies selling or importing products there. Compliance failures are criminal offenses carrying fines of up to £10 million or 4% of the qualifying global revenue. Since most internet-connected products in the United Kingdom get made elsewhere, it’ll be interesting to see if manufacturers update their product packaging and user manuals to show the newly required information in other markets. Long security update time frames could also become a competitive advantage. Some brands already use that approach. When Dutch smartphone maker Fairphone released its fifth-generation model, the manufacturer promised users operating system, security, and software updates until 2031. Consumers Must Act, Too The PSTI Act increases device manufacturers’ responsibilities, but no one should allow this law to make them overly comfortable. Most reputable resources explaining the law to consumers emphasize the importance of setting strong passwords and using two-factor authentication with their smart devices. The need for password protection extends to changing credentials after relationship breakups, housemate changes, or similar residential variables. Otherwise, someone could continue controlling connected smart home devices long after they move out, as long as they know the password. Additionally, device users should check for software updates regularly, and — ideally — tweak settings to make them happen automatically for convenience. If there is no such option, a simple workaround is for someone to create monthly calendar reminders to look for new releases. Striving for Security First An enduring culture among some smart device makers involves releasing new devices as quickly as possible, treating security as an afterthought. However, people will soon lose their fascination with pioneering products that have major security flaws. The new law mandates security improvements from device makers, which is an excellent start. However, consumers must also take a couple of simple but effective steps to stop their devices from becoming hackers’ entry points. Sources: https://www.gov.uk/government/news/new-laws-to-protect-consumers-from-cyber-criminals-come-into-force-in-the-uk https://www.ncsc.gov.uk/files/Security-law-smart-devices-NCSC.pdf https://darktrace.com/blog/the-state-of-ai-in-cybersecurity-how-ai-will-impact-the-cyber-threat-landscape-in-2024 https://9to5mac.com/2023/04/07/ai-cracks-passwords-this-fast-how-to-protect/ https://www.which.co.uk/news/article/new-security-laws-for-smart-devices-aGJO50M7C3jo https://www.ncsc.gov.uk/blog-post/smart-devices-law Think of the last time you set up a new smart device. It probably came with a default password manufacturers intend for people to use once before setting their own login details. But did you take that step? Many consumers don’t, which is why the United Kingdom’s government has cracked down on those passwords as part of larger improvements in smart security. What do they involve? World-First Law Against Default Passwords World-First Law Against Default Passwords The Product Security and Telecommunications Infrastructure (PSTI) Act, enacted on April 29, 2024, makes the United Kingdom the first country to legally obligate manufacturers to protect device users against hacking attempts. Default passwords are a central focus. Those become problematic because default password lists often get distributed online, making it easy for cybercriminals to find entry points for wreaking havoc. The newly introduced legislation applies to all products with network or internet connectivity and forbids manufacturers from setting easily guessable passwords, such as “12345” or “admin.” If the device password contains them, users see prompts to change the credentials. forbids manufacturers from setting forbids manufacturers from setting Consumer information about the new law suggests device users create passwords containing three random words. It also recommends two-factor authentication, if available. Such safeguards reduce the chances of adversaries successfully using artificial intelligence (AI) or other emerging tech to guess passwords faster or enter accounts with only those credentials. device users create passwords device users create passwords One security professionals study found 89% of respondents believe AI-enabled threats will cause challenges for the foreseeable future. Now is the time to take proactive prevention measures. One AI password cracker can discover 51% of credentials in less than a minute. That result highlights the importance of using strong passwords and other safeguards to secure smart home products. found 89% of respondents believe found 89% of respondents believe 51% of credentials in less 51% of credentials in less More User Transparency More User Transparency Another legislative aspect involves manufacturers publishing contact details so users can reach them to report bugs or other problems. Then, device makers and retailers must be upfront with users about the minimum time frames for providing security updates. There’s currently significant variation, with some vendors offering them for approximately two years while others release improvements for more than a decade. offering them for approximately two years offering them for approximately two years Many smart products state specifications such as battery life and compatibility with other products. You can expect to soon see similar information about security updates under the new laws. Think of them like the use-by dates on supermarket products. You’ve probably had a few foods spoil even though the label said they should have been still good to eat. Security updates are also not foolproof, but they make it harder for cybercriminals to break into smart devices. Many enterprising hackers specifically target older operating systems or devices no longer supported by their manufacturers. Effects Beyond the United Kingdom Effects Beyond the United Kingdom While this is a U.K. law, it applies to companies selling or importing products there. Compliance failures are criminal offenses carrying fines of up to £10 million or 4% of the qualifying global revenue. fines of up to £10 million fines of up to £10 million Since most internet-connected products in the United Kingdom get made elsewhere, it’ll be interesting to see if manufacturers update their product packaging and user manuals to show the newly required information in other markets. Long security update time frames could also become a competitive advantage. Some brands already use that approach. When Dutch smartphone maker Fairphone released its fifth-generation model, the manufacturer promised users operating system, security, and software updates until 2031. Consumers Must Act, Too Consumers Must Act, Too The PSTI Act increases device manufacturers’ responsibilities, but no one should allow this law to make them overly comfortable. Most reputable resources explaining the law to consumers emphasize the importance of setting strong passwords and using two-factor authentication with their smart devices. The need for password protection extends to changing credentials after relationship breakups, housemate changes, or similar residential variables. Otherwise, someone could continue controlling connected smart home devices long after they move out, as long as they know the password. Additionally, device users should check for software updates regularly, and — ideally — tweak settings to make them happen automatically for convenience. If there is no such option, a simple workaround is for someone to create monthly calendar reminders to look for new releases. Striving for Security First Striving for Security First An enduring culture among some smart device makers involves releasing new devices as quickly as possible, treating security as an afterthought. However, people will soon lose their fascination with pioneering products that have major security flaws. The new law mandates security improvements from device makers, which is an excellent start. However, consumers must also take a couple of simple but effective steps to stop their devices from becoming hackers’ entry points. Sources: Sources: https://www.gov.uk/government/news/new-laws-to-protect-consumers-from-cyber-criminals-come-into-force-in-the-uk https://www.gov.uk/government/news/new-laws-to-protect-consumers-from-cyber-criminals-come-into-force-in-the-uk https://www.gov.uk/government/news/new-laws-to-protect-consumers-from-cyber-criminals-come-into-force-in-the-uk https://www.ncsc.gov.uk/files/Security-law-smart-devices-NCSC.pdf https://www.ncsc.gov.uk/files/Security-law-smart-devices-NCSC.pdf https://www.ncsc.gov.uk/files/Security-law-smart-devices-NCSC.pdf https://darktrace.com/blog/the-state-of-ai-in-cybersecurity-how-ai-will-impact-the-cyber-threat-landscape-in-2024 https://darktrace.com/blog/the-state-of-ai-in-cybersecurity-how-ai-will-impact-the-cyber-threat-landscape-in-2024 https://darktrace.com/blog/the-state-of-ai-in-cybersecurity-how-ai-will-impact-the-cyber-threat-landscape-in-2024 https://9to5mac.com/2023/04/07/ai-cracks-passwords-this-fast-how-to-protect/ https://9to5mac.com/2023/04/07/ai-cracks-passwords-this-fast-how-to-protect/ https://9to5mac.com/2023/04/07/ai-cracks-passwords-this-fast-how-to-protect/ https://www.which.co.uk/news/article/new-security-laws-for-smart-devices-aGJO50M7C3jo https://www.which.co.uk/news/article/new-security-laws-for-smart-devices-aGJO50M7C3jo https://www.which.co.uk/news/article/new-security-laws-for-smart-devices-aGJO50M7C3jo https://www.ncsc.gov.uk/blog-post/smart-devices-law https://www.ncsc.gov.uk/blog-post/smart-devices-law https://www.ncsc.gov.uk/blog-post/smart-devices-law

UK Prohibits '12345' Passwords in Smart Device Security Overhaul

Enterprises delivering IoT solutions have unlocked new potentials and are enjoying success with the trend of increasing IoT adoption worldwide. However, while IoT developers and vendors emphasize delivering unparalleled convenience and efficiency, security is often overlooked. And that’s what requires immediate attention. Whether we talk about smart wearables, home assistants, or industrial automation systems, the IoT landscape has broadened the horizons for cybercriminals, making security a top priority for vendors. For the security of this interconnected ecosystem, robust role-based authentication frameworks have become an absolute necessity. Let’s understand how role-based user authentication frameworks reinforce IoT security and why businesses must put their best foot forward to adopt it. What is Authentication and Authorization in IoT? Authentication and authorization are the most crucial components of IoT security. Developers and vendors must prioritize them to ensure sensitive information is always shielded. While authentication verifies the identity of devices, users, and applications attempting to access IoT systems, authorization determines what resources or actions a verified device, application, or user can access within the IoT network. Once the identity is verified, access to network resources is offered based on the user’s role or privileges, preventing unauthorized access to sensitive data. In a nutshell, authentication and authorization lay the foundation for a robust security framework to prevent privacy and data breaches. Though most IoT vendors and developers have incorporated robust mechanisms to safeguard sensitive data, many still rely on conventional legacy systems that aren’t potent enough to shield against modern threat vectors. Here’s where enterprises offering IoT services need to rethink their security strategy by keeping customers at the center of their business strategy. Why is Robust Authentication and Authorization in IoT a Pressing Need? In this digital world, where we’re constantly surrounded by the aura of multiple devices, applications, and networks, secure authentication and authorization have become critical. Talking about the IoT landscape, weak authentication and authorization could lead to severe consequences that compromise users’ privacy and the security of service providers. Here’s the list of consequences that may occur in the presence of inadequate security measures in the IoT ecosystem: Privacy Breach: Weak authentication could lead to unauthorized access to individuals that may breach individual privacy. Most users may face issues about unauthorized surveillance, data breaches, or device hijacking. Data Breach: Businesses may end up losing millions of dollars just because they didn’t incorporate a robust authentication security mechanism into their IoT services. Data loss, including sensitive business details and customer information, could be compromised which may entitle businesses to hefty fines. IoT Botnet Formation: Sometimes weak authentication leads to IoT botnet creation that further leads to coordinated attacks. The botnets are controlled by cybercriminals and can be used for DDoS attacks, which impact the overall system within an organization. Understanding Role-Based User Authentication and its Models Just like a user authenticates himself by proving his/her identity online on a platform to make a purchase or to access his/her account, authentication in IoT works similarly for devices and applications. The entire authentication process involves the identification of devices/apps and authorizing them with permission to access resources or information based on their specific roles. This ensures that devices/apps have access and permissions to do what they need and the non-authorized devices and apps can’t access sensitive information. Depending on the location, device type, and role, organizations can have multiple ways to authenticate and authorize IoT devices and applications for data access Though IoT administrators register each device or application while deploying it on the system, certain devices and applications can be further added, and their roles can be later defined by the user. Let’s have a look at user authentication models to deploy role-based authentication in the IoT ecosystem. 1. One-Way Distributed Authentication One-way distributed authentication represents a connection between two devices. This can be either a smart device, a wearable, or a sensor that tries to connect with the gateway. In this communication, only one device authenticates the other via password hash. In some cases, the authentication is established through a digital certificate. Once a device initiates the authentication request, the other devices authenticate it by comparing the certificate or password with stored information. Once the information matches, the second device authorizes the connection. 2. Two-Way Distributed Authentication In two-way distributed authentication, both devices authenticate each other before sharing any sensitive information or even communicating. This kind of authentication is commonly known as mutual authentication and this protocol is preferred when each of the communicating devices has a unique digital identity that is stored in the system for other devices. The connection in this authentication mode is established only when one of the devices trusts the other device’s identity through a digital certificate and vice versa. This kind of authentication is widely preferred for highly sensitive information transfer, including banking, e-commerce, or other financial transactions. 3. Three-Way Centralized Authentication The three-way centralized authentication approach emphasizes on registering the devices to a central server or authority. This central authority initiates a secure connection between the devices that need to communicate to ensure no unauthorized individual has access to sensitive information. The entire process is managed seamlessly through a dedicated certificate management system. Apart from this, the security certificates aren’t stored on the devices and can’t be compromised. This centralized authentication is best suited for devices that require frequent connection or are always connected. To Conclude With the increasing sophistication of IoT attacks and cybercriminals finding new ways to exploit sensitive business data, relying on conventional security mechanisms isn’t a great option. IoT vendors and developers need to rethink their security posture to ensure they’re on the right track to securing sensitive customer data and their confidential business information. On the other hand, leveraging the true potential of a role-based user authentication framework could be the best way to reinforce authentication security. Enterprises can eventually choose their preferred authentication model based on their business needs and ensure the highest level of protection. Enterprises delivering IoT solutions have unlocked new potentials and are enjoying success with the trend of increasing IoT adoption worldwide. However, while IoT developers and vendors emphasize delivering unparalleled convenience and efficiency, security is often overlooked. And that’s what requires immediate attention. Whether we talk about smart wearables, home assistants, or industrial automation systems, the IoT landscape has broadened the horizons for cybercriminals, making security a top priority for vendors. For the security of this interconnected ecosystem, robust role-based authentication frameworks have become an absolute necessity. Let’s understand how role-based user authentication frameworks reinforce IoT security and why businesses must put their best foot forward to adopt it. What is Authentication and Authorization in IoT? Authentication and authorization are the most crucial components of IoT security. Developers and vendors must prioritize them to ensure sensitive information is always shielded. While authentication verifies the identity of devices, users, and applications attempting to access IoT systems, authorization determines what resources or actions a verified device, application, or user can access within the IoT network. Once the identity is verified, access to network resources is offered based on the user’s role or privileges, preventing unauthorized access to sensitive data. In a nutshell, authentication and authorization lay the foundation for a robust security framework to prevent privacy and data breaches. Though most IoT vendors and developers have incorporated robust mechanisms to safeguard sensitive data, many still rely on conventional legacy systems that aren’t potent enough to shield against modern threat vectors. Here’s where enterprises offering IoT services need to rethink their security strategy by keeping customers at the center of their business strategy. Why is Robust Authentication and Authorization in IoT a Pressing Need? In this digital world, where we’re constantly surrounded by the aura of multiple devices, applications, and networks, secure authentication and authorization have become critical. Talking about the IoT landscape, weak authentication and authorization could lead to severe consequences that compromise users’ privacy and the security of service providers. Here’s the list of consequences that may occur in the presence of inadequate security measures in the IoT ecosystem: Privacy Breach: Weak authentication could lead to unauthorized access to individuals that may breach individual privacy. Most users may face issues about unauthorized surveillance, data breaches, or device hijacking. Data Breach: Businesses may end up losing millions of dollars just because they didn’t incorporate a robust authentication security mechanism into their IoT services. Data loss, including sensitive business details and customer information, could be compromised which may entitle businesses to hefty fines. IoT Botnet Formation: Sometimes weak authentication leads to IoT botnet creation that further leads to coordinated attacks. The botnets are controlled by cybercriminals and can be used for DDoS attacks, which impact the overall system within an organization. Understanding Role-Based User Authentication and its Models Just like a user authenticates himself by proving his/her identity online on a platform to make a purchase or to access his/her account, authentication in IoT works similarly for devices and applications. The entire authentication process involves the identification of devices/apps and authorizing them with permission to access resources or information based on their specific roles. This ensures that devices/apps have access and permissions to do what they need and the non-authorized devices and apps can’t access sensitive information. Depending on the location, device type, and role, organizations can have multiple ways to authenticate and authorize IoT devices and applications for data access Though IoT administrators register each device or application while deploying it on the system, certain devices and applications can be further added, and their roles can be later defined by the user. Let’s have a look at user authentication models to deploy role-based authentication in the IoT ecosystem. 1. One-Way Distributed Authentication One-way distributed authentication represents a connection between two devices. This can be either a smart device, a wearable, or a sensor that tries to connect with the gateway. In this communication, only one device authenticates the other via password hash. In some cases, the authentication is established through a digital certificate. Once a device initiates the authentication request, the other devices authenticate it by comparing the certificate or password with stored information. Once the information matches, the second device authorizes the connection. 2. Two-Way Distributed Authentication In two-way distributed authentication, both devices authenticate each other before sharing any sensitive information or even communicating. This kind of authentication is commonly known as mutual authentication and this protocol is preferred when each of the communicating devices has a unique digital identity that is stored in the system for other devices. The connection in this authentication mode is established only when one of the devices trusts the other device’s identity through a digital certificate and vice versa. This kind of authentication is widely preferred for highly sensitive information transfer, including banking, e-commerce, or other financial transactions. 3. Three-Way Centralized Authentication The three-way centralized authentication approach emphasizes on registering the devices to a central server or authority. This central authority initiates a secure connection between the devices that need to communicate to ensure no unauthorized individual has access to sensitive information. The entire process is managed seamlessly through a dedicated certificate management system. Apart from this, the security certificates aren’t stored on the devices and can’t be compromised. This centralized authentication is best suited for devices that require frequent connection or are always connected. To Conclude With the increasing sophistication of IoT attacks and cybercriminals finding new ways to exploit sensitive business data, relying on conventional security mechanisms isn’t a great option. IoT vendors and developers need to rethink their security posture to ensure they’re on the right track to securing sensitive customer data and their confidential business information. On the other hand, leveraging the true potential of a role-based user authentication framework could be the best way to reinforce authentication security. Enterprises can eventually choose their preferred authentication model based on their business needs and ensure the highest level of protection.

Strengthening IoT Security through Role-Based User Authentication Frameworks

Managing online has become incredibly convenient. With a few clicks and taps on your phone, you can check your balance, transfer funds, and even pay bills in a matter of seconds. But has security kept pace with this convenience? finances A recent study by International Business Machines Corporation (IBM) revealed that , reflecting a 15% increase over three years. These breaches can expose sensitive financial data and disrupt critical services, causing significant losses and reputational damage. the global average cost of data breaches was $4.45 million in 2023 As financial institutions entrust an increasing amount of their operations to the cloud, safeguarding sensitive customer data becomes even more critical. Ravi Jagadish, a leading expert in cloud security with nearly two decades of experience as a data engineer in the financial sector, emphasizes the importance of fortifying cloud security for banks. Driven by his pursuit to target cybersecurity threats, Ravi has led significant advancements in enhancing resilience in banking systems. With pioneering proactive strategies for managing vulnerabilities and implementing measures to strengthen data protection, he has set a new benchmark for secure cloud banking practices. Understanding Cloud Security The cloud offers unparalleled convenience by allowing individuals and businesses to store and access information remotely over the internet from any device, anytime and anywhere. However, this ease of access brings inherent risks, especially regarding sensitive data. When not adequately secured, cloud-stored information is vulnerable to cyber threats. To address these challenges, cloud security has emerged as a component of cloud computing. Through a collection of applications, tools, and technologies, it protects cloud-based data and empowers businesses to leverage the scalability and efficiency of the cloud with confidence, knowing every asset is shielded from any potential cyber threats. Importance of Cloud Security in Banking Banks are among the largest adopters of cloud computing, benefiting from its flexibility and cost-effectiveness to streamline operations and offer innovative financial services. However, the transition to cloud-based banking introduces new security risks due to the sheer volume of sensitive financial data stored on remote servers. According to the 13th EY and Institute of International Finance (IFF) survey, . As banks migrate more of their operations to the cloud, they require solid security measures to protect this data from the escalating threats in cyberspace. cybersecurity is the leading risk for global banks With such concerns arising, here’s why cloud security is indispensable in banking: Unassailable Security for Customer Data Financial data is central to banking operations, and cloud security ensures that sensitive information is safeguarded through various measures: - Sensitive financial information like account numbers, Social Security numbers, and transaction details is encrypted with complex algorithms, making it unreadable even if intercepted. Data Encryption - Access is restricted based on job roles and responsibilities, reducing risks of unauthorized access or internal threats. Access Controls Secure Business Continuity and Operational Resilience Customers expect continuous service from their banks, so business continuity during disruptions is critical. Cloud security helps ensure resilience through several strategies: - Backup and disaster recovery mechanisms maintain business continuity in the event of hardware malfunctions or cyberattacks. Disaster Recovery Plans - Redundant servers and data storage in the cloud ensure that operations continue even during unexpected disruptions. Redundant Systems - Continuous cloud monitoring detects threats early and triggers a rapid response, reducing downtime. Rapid Response Monitoring Establish and Sustain Customer Trust Customer trust is the cornerstone of any bank's stability and growth, especially in the digital age. Here's how cloud security supports this relationship: - Cloud security helps banks comply with industry regulations and data protection laws, reinforcing customer trust. Compliance with Regulations - Clear policies regarding data security and privacy build customer confidence in the bank's commitment to their protection. Transparency in Data Handling - Strong security measures in online banking platforms reassure customers that their financial information is safe, enhancing loyalty and trust. Secure Customer Experience Meet the Cloud Security Expert: Ravi Jagadish In the face of rising cyber threats, the banking industry relies on leaders who can drive cloud security forward. One such leader is Ravi Jagadish, whose expertise in cloud security has made him a figure in shaping cloud space, particularly in banking. His journey into data engineering and cybersecurity was driven by his passion for problem-solving and a desire to innovate. This intersection of creativity and technical challenge drew Ravi into improving the sector’s security infrastructure, allowing banks to protect customer data better and maintain operations. Among his noteworthy achievements are: Proactive Vulnerability Management Leading cybersecurity initiatives at a Fortune 500 fintech company, Ravi collaborated with experts to manage vulnerabilities proactively. This collaborative approach ensured that cloud infrastructure was constantly evaluated for potential risks, strengthening a system against various threats. By customizing cloud controls to align with industry standards, Ravi ensures that the company adheres to best practices, enhancing the overall security posture. He optimized configurations within AWS services such as S3 Bucket Policies, Security Group rules, EC2 instances, and Lambda functions to minimize entry points for potential attackers. Identity and Access Management (IAM) Overhaul Ravi’s initiatives in IAM had a significant effect on organizational security. He refurbished IAM roles, ensuring that granular permissions were in place and granting access based on specific job functions and responsibilities. By setting clear boundaries on who could access what, he reduced internal security threats and fostered a culture of accountability within the organization. System Patch Compliance Being part of fleet management, Ravi maintains its cloud infrastructure’s security and efficiency. By ensuring EC2 instances and autoscaling groups operated on patch systems, he lowered the risks of vulnerabilities from outdated software and hardware. This focus on patch management contributed to a stable cloud environment, minimizing the likelihood of disruptions caused by system failures or cyberattacks. Additionally, Ravi helped automate the rehydration of over 3,000 mobile and web banking instances weekly, highlighting his commitment to adaptability and risk management in digital banking. His dedication to innovation and adaptability in cloud security has set a new benchmark for secure banking practices, demonstrating that the right strategies can create a safer environment for financial data. Building a Secure Banking Future While technological advancements offer notable possibilities, they also open doors to exploits, especially in cloud computing. Yet, the potential for improving cloud security is vast, with continuous innovations leading toward safer, more reliable systems. The work of experts like Ravi reminds us that with the right strategies, tools, and commitment, it’s possible to build secure cloud environments that protect sensitive data while allowing users to enjoy the convenience of accessible banking.

What is Cloud Security in Banking?

ব্যাংকিং এ ক্লাউড সিকিউরিটি কি?

Was ist Cloud-Sicherheit im Bankwesen?

¿Qué es la seguridad en la nube en la banca?

Qu’est-ce que la sécurité du cloud dans le secteur bancaire ?

बैंकिंग में क्लाउड सुरक्षा क्या है?

銀行におけるクラウドセキュリティとは何ですか?

은행의 클라우드 보안이란 무엇입니까?

O que é segurança em nuvem no setor bancário?

Что такое облачная безопасность в банковском деле?

Bankacılıkta Bulut Güvenliği Nedir?

Bảo mật đám mây trong ngân hàng là gì?

银行云安全是什么？

Developers never asked for software security to be a part of their jobs, but it’s become abundantly clear that they really don’t have a choice. This isn’t to say that developers are the only party responsible for securing the software supply chain, of course. But particularly, as artificial intelligence (AI) and machine learning (ML) play an increasingly vital role in software development, considering security at the beginning of the software lifecycle has never been more important. As the scale of AI continues to expand and large language models (LLMs) become more common, developers face the responsibility of integrating AI and ML models into both software updates and new software solutions. While the potential for innovation in AI/ML is immense, it also brings along greater concerns, especially considering that many developers lack the capacity to manage their development securely. Understanding the Impact of AI and ML Every organization wants to leverage the power of AI and ML to benefit their businesses, but they need to do so with a full understanding of the risks they may face. For example, security lapses can inadvertently introduce malicious code into AI/ML models, creating vulnerabilities that attackers may exploit. This threat could entice developers to adopt compromised open-source software (OSS) model variants, which would ultimately expose corporate networks and cause significant harm to an organization. Further, developers are increasingly turning to generative AI to produce code, often without full assurance regarding its security. This poses an additional layer of risk, creating a need for thorough code vetting from the outset to proactively mitigate potential threats to the software supply chain. The prevalence of these threats underscores the ongoing challenges faced by startups as malicious attackers look for new avenues to exploit AI/ML models. The deployment of AI and ML models isn’t likely to slow down anytime soon, creating a major reason why developers need to integrate security into their roles and implement the defenses necessary to enhance resilience against evolving security threats. It’s clear that further education is needed — McKinsey found that even many high-performing organizations have yet to master AI adoption best practices, including machine learning operations (MLOps). For a deeper understanding of the impact and implications of AI, startups might first consider building AI- or ML-driven software or solutions to be used by internal teams, as opposed to a customer-facing application. This teaches development teams the best practices of developing for AI/ML and instills confidence in the organization’s ability to deliver. Building for internal use cases in the solutions first helps teams (and businesses) become more efficient and productive. The Ever-Evolving Duties of Developers Modern software development is a dynamic landscape, with potential threats lingering around every corner. This makes considering security from the outset of the development lifecycle a crucial [albeit relatively new] practice for startups. Unfortunately, many organizations consider security at the binary level a perk rather than a "must-have." Attackers realize this and look for vulnerabilities they can exploit to weaponize ML models and other software components. Many developers, particularly in startup environments, may lack the training needed to incorporate security measures during the initial stages of development. To mitigate this, teams may attempt to fast-track development by using AI-generated code, but this can lead to other serious issues. For example, the AI might be trained on open-source repositories that lack thorough vetting for vulnerabilities and complete end-to-end security controls. While this tactic can save time and resources, it could also unwittingly expose the organization to risks that will prove costly down the road. Once implemented in AI/ML models, these vulnerabilities may go undetected and become more impactful. The era of widespread AI adoption has transformed the traditional developer role; junior software engineers often employed by startups may not have sufficient training or experience to navigate the evolving security landscape. As startups build out their teams, they must help their developers evolve into security professionals to support an organization-wide DevSecOps mentality. By integrating secure solutions from the start, developers can achieve peak workflow efficiency while instilling confidence in the organization's overall security posture. Attracting talent is always a challenge for startups, but the current state of the software development landscape could actually serve as a recruiting tool. By helping prospects understand the importance of baking security into software from the beginning of the development process — along with the fact that this is an industry trend that’s not going away soon — businesses create an attractive culture where developers add to their skill sets and eventually help further their careers. Shifting Security Left as a Cultural Mindset The security landscape for binaries and ML models demands continuous evolution to stay ahead of emerging threats, and it's a mindset that should filter down throughout a company's culture. As AI implementation becomes more widespread, startups can't afford to defer necessary security protocols to later stages of the software development lifecycle. By then, the risks may become insurmountable. It has become clear in recent years that startup leaders should embrace the "shift left" mentality for software development, with a proactive emphasis on security from a project's inception. This ensures that every facet of the software development process prioritizes security, enhancing the overarching security posture of the organization. When specifically applied to AI/ML, the shift-left mindset verifies the security of code generated in external AI/ML systems and ensures that the models are devoid of malicious code and comply with licensing requirements. For startups (or any business, really), it's best not to think of shifting security left as a set of operational guidelines and procedures. It’s much more effective when it serves as a philosophy embedded into the organization’s culture. It can't be overstated: implementing security measures from the beginning of the software development lifecycle is imperative for startups to consistently thwart attacks. This ultimately saves businesses the time and resources it takes to address costly and potentially harmful attacks and allows startups to focus on doing what they do best: innovate. Developers never asked for software security to be a part of their jobs, but it’s become abundantly clear that they really don’t have a choice. This isn’t to say that developers are the only party responsible for securing the software supply chain, of course. But particularly, as artificial intelligence (AI) and machine learning (ML) play an increasingly vital role in software development, considering security at the beginning of the software lifecycle has never been more important. only As the scale of AI continues to expand and large language models (LLMs) become more common, developers face the responsibility of integrating AI and ML models into both software updates and new software solutions. While the potential for innovation in AI/ML is immense, it also brings along greater concerns, especially considering that many developers lack the capacity to manage their development securely. Understanding the Impact of AI and ML Understanding the Impact of AI and ML Every organization wants to leverage the power of AI and ML to benefit their businesses, but they need to do so with a full understanding of the risks they may face. For example, security lapses can inadvertently introduce malicious code into AI/ML models, creating vulnerabilities that attackers may exploit. This threat could entice developers to adopt compromised open-source software (OSS) model variants, which would ultimately expose corporate networks and cause significant harm to an organization. Further, developers are increasingly turning to generative AI to produce code, often without full assurance regarding its security. This poses an additional layer of risk, creating a need for thorough code vetting from the outset to proactively mitigate potential threats to the software supply chain. The prevalence of these threats underscores the ongoing challenges faced by startups as malicious attackers look for new avenues to exploit AI/ML models. The deployment of AI and ML models isn’t likely to slow down anytime soon, creating a major reason why developers need to integrate security into their roles and implement the defenses necessary to enhance resilience against evolving security threats. It’s clear that further education is needed — McKinsey found that even many high-performing organizations have yet to master AI adoption best practices , including machine learning operations (MLOps). AI adoption best practices AI adoption best practices For a deeper understanding of the impact and implications of AI, startups might first consider building AI- or ML-driven software or solutions to be used by internal teams, as opposed to a customer-facing application. This teaches development teams the best practices of developing for AI/ML and instills confidence in the organization’s ability to deliver. Building for internal use cases in the solutions first helps teams (and businesses) become more efficient and productive. The Ever-Evolving Duties of Developers The Ever-Evolving Duties of Developers Modern software development is a dynamic landscape, with potential threats lingering around every corner. This makes considering security from the outset of the development lifecycle a crucial [albeit relatively new] practice for startups. Unfortunately, many organizations consider security at the binary level a perk rather than a "must-have." Attackers realize this and look for vulnerabilities they can exploit to weaponize ML models and other software components. Many developers, particularly in startup environments, may lack the training needed to incorporate security measures during the initial stages of development. To mitigate this, teams may attempt to fast-track development by using AI-generated code, but this can lead to other serious issues. For example, the AI might be trained on open-source repositories that lack thorough vetting for vulnerabilities and complete end-to-end security controls. While this tactic can save time and resources, it could also unwittingly expose the organization to risks that will prove costly down the road. Once implemented in AI/ML models, these vulnerabilities may go undetected and become more impactful. The era of widespread AI adoption has transformed the traditional developer role; junior software engineers often employed by startups may not have sufficient training or experience to navigate the evolving security landscape. As startups build out their teams, they must help their developers evolve into security professionals to support an organization-wide DevSecOps mentality. By integrating secure solutions from the start, developers can achieve peak workflow efficiency while instilling confidence in the organization's overall security posture. Attracting talent is always a challenge for startups, but the current state of the software development landscape could actually serve as a recruiting tool. By helping prospects understand the importance of baking security into software from the beginning of the development process — along with the fact that this is an industry trend that’s not going away soon — businesses create an attractive culture where developers add to their skill sets and eventually help further their careers. Shifting Security Left as a Cultural Mindset Shifting Security Left as a Cultural Mindset The security landscape for binaries and ML models demands continuous evolution to stay ahead of emerging threats, and it's a mindset that should filter down throughout a company's culture. As AI implementation becomes more widespread, startups can't afford to defer necessary security protocols to later stages of the software development lifecycle. By then, the risks may become insurmountable. It has become clear in recent years that startup leaders should embrace the "shift left" mentality for software development, with a proactive emphasis on security from a project's inception. This ensures that every facet of the software development process prioritizes security, enhancing the overarching security posture of the organization. When specifically applied to AI/ML, the shift-left mindset verifies the security of code generated in external AI/ML systems and ensures that the models are devoid of malicious code and comply with licensing requirements. For startups (or any business, really), it's best not to think of shifting security left as a set of operational guidelines and procedures. It’s much more effective when it serves as a philosophy embedded into the organization’s culture. It can't be overstated: implementing security measures from the beginning of the software development lifecycle is imperative for startups to consistently thwart attacks. This ultimately saves businesses the time and resources it takes to address costly and potentially harmful attacks and allows startups to focus on doing what they do best: innovate.

It’s Time for Developers to Embrace Security as a Core Job Function

What Is Application Security? Application security refers to measures, methodologies, and practices aimed at protecting applications from threats that may compromise their security. These threats could be anything from malware to injection attacks, software vulnerabilities, or denial of service (DoS). The goal of application security is to identify, rectify, and prevent security vulnerabilities. This includes all phases of an application's lifecycle, from its initial design, development, deployment, maintenance, and eventual decommissioning. Holistic application security is not just about securing the application itself but also ensuring a safe environment for the application to operate. It involves securing the networks and databases that the application interacts with, ensuring the safety of data in transit and at rest, and maintaining the integrity of the application's code. The Growing Importance of Application Security As more and more businesses move their operations online, the need for secure applications has become paramount: Protecting sensitive data: With the increasing prevalence of data breaches, it's more important than ever to ensure that your applications are secure. Breaches can lead to significant financial losses, damage to your reputation, and loss of customer trust.
Regulatory compliance: Many industries are subject to strict data protection regulations, and failing to secure your applications could result in hefty fines and legal action.
Ensuring functionality and uptime: Cyberattacks can disrupt your applications, leading to downtime and loss of productivity. By securing your applications, you can ensure that they continue to function smoothly. Trends in Application Security for 2024 The field of application security is constantly evolving. Here are some trends that we expect to see in 2024: Increase in DevSecOps Maturity DevSecOps, the practice of integrating security practices into the DevOps process, has been gaining traction in recent years. In 2024, we expect to see an increase in DevSecOps maturity. Organizations are increasingly recognizing the importance of incorporating security into every stage of the software development lifecycle. This not only helps to identify and address vulnerabilities early but also fosters a culture of security within the organization. In the coming years, we expect to see more advanced DevSecOps tools and practices, increased automation, and greater collaboration between development, security, and operations teams. Growth of Security as Code Security as Code is a methodology where security policies are codified and automated, much like infrastructure as code. This approach allows for consistent, repeatable, and scalable security practices. In 2024, we expect to see significant growth in Security as Code. As more organizations adopt DevOps and cloud-native technologies, the need for automated and scalable security solutions will only increase. Security as Code enables organizations to automate their security policies, reducing the risk of human error and improving the consistency of security practices. Adoption of Zero Trust Architectures Zero Trust is a security model that assumes no trust by default, even for internal networks. Instead, trust must be earned and continuously validated. In 2024, we predict a widespread adoption of zero-trust architectures. As cyber threats become increasingly sophisticated, the traditional perimeter-based security model is proving inadequate. Zero Trust architectures provide a more robust security solution, as they require continuous validation of trust, regardless of the user's location or network. Enhanced Focus on API Security APIs (Application Programming Interfaces) are a critical component of modern applications. However, they also present a significant security risk, as they can provide a gateway for cybercriminals to access sensitive data. In 2024, we expect to see an enhanced focus on API security. As more organizations rely on APIs for their applications, ensuring their security will become a top priority. This will involve implementing strong authentication and authorization mechanisms, encrypting data in transit, and regularly testing and monitoring APIs for vulnerabilities. Predictions for Application Security in 2024 Regulatory Changes Driving Security Policies As cyber threats continue to evolve, so do the regulations that govern data and privacy protection. These regulations play a significant role in shaping application security policies and practices. With the increasing focus on privacy and data protection, we can expect more stringent regulations in 2024. One of the potential changes could be an increased emphasis on user consent and control over personal data. This change will require applications to provide users with more transparency and control over how their data is used and shared. Another potential regulatory change could involve stricter penalties for data breaches. This change would make it more important than ever for businesses to prioritize application security. Non-compliance could not only lead to hefty fines but also damage a company's reputation. Increase in Supply Chain Attacks Supply chain attacks are a growing concern in the world of application security. These attacks occur when a hacker infiltrates a system through an outside partner or service provider with access to the system. The increase in these types of attacks has been attributed to their effectiveness and the difficulty in detecting them. One of the reasons for the predicted increase in supply chain attacks in 2024 is the growing reliance on third-party vendors. As businesses continue to outsource tasks to external parties, the risk of a supply chain attack increases. This trend highlights the need for businesses to thoroughly vet their vendors and implement robust security measures. Another reason for the predicted increase is the advancement in attack methods. Cybercriminals are continually refining their tactics, making it harder for businesses to defend themselves. This advancement underscores the importance of staying on top of cybersecurity trends and continually updating security protocols. Quantum Computing Impact on Encryption Quantum computing has been a topic of discussion for several years now. By harnessing the principles of quantum mechanics, these computers can process information at a much faster rate than traditional computers. However, as promising as this technology may seem, it does come with certain implications for application security. Quantum computers have the potential to render current encryption methods obsolete. Their ability to perform complex calculations in a shorter span of time could potentially break encryption codes that would take traditional computers thousands of years to crack. This threat to encryption is something that organizations will need to prepare for. Despite the threat, quantum computing also brings opportunities for application security. New encryption methods, known as quantum encryption or quantum key distribution, are being developed. These methods leverage the principles of quantum mechanics to create keys that are theoretically unbreakable. This advancement might be the solution to the encryption dilemma posed by quantum computing. Advancements in Identity and Access Management Identity and access management (IAM) is becoming a critical component of application security. It involves ensuring that only authorized individuals have access to certain information. With the increase in remote work and the growing complexity of IT infrastructures, advancements in IAM have become essential. One of the predicted advancements in IAM for 2024 is the increased use of biometrics. Biometric authentication methods, such as fingerprint or facial recognition, provide a higher level of security than traditional passwords. As biometric technology becomes more sophisticated and accessible, it's likely to become a mainstream method of authentication. Another predicted advancement is the use of artificial intelligence (AI) in IAM. AI can help automate and enhance various IAM processes, such as user authentication and anomaly detection. By using AI, businesses can significantly improve the security posture of their applications. To sum up, the world of application security is set to experience several significant changes in 2024. From the impact of quantum computing on encryption to the increase in supply chain attacks and advancements in IAM, it's clear that businesses need to stay ahead of these trends to maintain robust security. With proactive planning and investment in the right technologies, organizations can navigate these changes and ensure the security of their applications. What Is Application Security? Application security refers to measures, methodologies, and practices aimed at protecting applications from threats that may compromise their security. These threats could be anything from malware to injection attacks , software vulnerabilities , or denial of service (DoS) . injection attacks software vulnerabilities denial of service (DoS) The goal of application security is to identify, rectify, and prevent security vulnerabilities. This includes all phases of an application's lifecycle, from its initial design, development, deployment, maintenance, and eventual decommissioning. Holistic application security is not just about securing the application itself but also ensuring a safe environment for the application to operate. It involves securing the networks and databases that the application interacts with, ensuring the safety of data in transit and at rest, and maintaining the integrity of the application's code. Holistic application security The Growing Importance of Application Security As more and more businesses move their operations online, the need for secure applications has become paramount: Protecting sensitive data: With the increasing prevalence of data breaches, it's more important than ever to ensure that your applications are secure. Breaches can lead to significant financial losses, damage to your reputation, and loss of customer trust. Regulatory compliance: Many industries are subject to strict data protection regulations, and failing to secure your applications could result in hefty fines and legal action. Ensuring functionality and uptime: Cyberattacks can disrupt your applications, leading to downtime and loss of productivity. By securing your applications, you can ensure that they continue to function smoothly. Protecting sensitive data: With the increasing prevalence of data breaches, it's more important than ever to ensure that your applications are secure. Breaches can lead to significant financial losses, damage to your reputation, and loss of customer trust. Protecting sensitive data: Regulatory compliance: Many industries are subject to strict data protection regulations, and failing to secure your applications could result in hefty fines and legal action. Regulatory compliance: Ensuring functionality and uptime: Cyberattacks can disrupt your applications, leading to downtime and loss of productivity. By securing your applications, you can ensure that they continue to function smoothly. Ensuring functionality and uptime: Trends in Application Security for 2024 The field of application security is constantly evolving. Here are some trends that we expect to see in 2024: Increase in DevSecOps Maturity DevSecOps, the practice of integrating security practices into the DevOps process, has been gaining traction in recent years. In 2024, we expect to see an increase in DevSecOps maturity. Organizations are increasingly recognizing the importance of incorporating security into every stage of the software development lifecycle. This not only helps to identify and address vulnerabilities early but also fosters a culture of security within the organization. In the coming years, we expect to see more advanced DevSecOps tools and practices, increased automation, and greater collaboration between development, security, and operations teams. Growth of Security as Code Security as Code is a methodology where security policies are codified and automated, much like infrastructure as code. This approach allows for consistent, repeatable, and scalable security practices. In 2024, we expect to see significant growth in Security as Code. As more organizations adopt DevOps and cloud-native technologies, the need for automated and scalable security solutions will only increase. Security as Code enables organizations to automate their security policies, reducing the risk of human error and improving the consistency of security practices. Adoption of Zero Trust Architectures Zero Trust is a security model that assumes no trust by default, even for internal networks. Instead, trust must be earned and continuously validated. In 2024, we predict a widespread adoption of zero-trust architectures. As cyber threats become increasingly sophisticated, the traditional perimeter-based security model is proving inadequate. Zero Trust architectures provide a more robust security solution, as they require continuous validation of trust, regardless of the user's location or network. Enhanced Focus on API Security APIs (Application Programming Interfaces) are a critical component of modern applications. However, they also present a significant security risk, as they can provide a gateway for cybercriminals to access sensitive data. In 2024, we expect to see an enhanced focus on API security. As more organizations rely on APIs for their applications, ensuring their security will become a top priority. This will involve implementing strong authentication and authorization mechanisms, encrypting data in transit, and regularly testing and monitoring APIs for vulnerabilities. Predictions for Application Security in 2024 Regulatory Changes Driving Security Policies As cyber threats continue to evolve, so do the regulations that govern data and privacy protection. These regulations play a significant role in shaping application security policies and practices. With the increasing focus on privacy and data protection, we can expect more stringent regulations in 2024. One of the potential changes could be an increased emphasis on user consent and control over personal data. This change will require applications to provide users with more transparency and control over how their data is used and shared. Another potential regulatory change could involve stricter penalties for data breaches. This change would make it more important than ever for businesses to prioritize application security. Non-compliance could not only lead to hefty fines but also damage a company's reputation. Increase in Supply Chain Attacks Supply chain attacks are a growing concern in the world of application security. These attacks occur when a hacker infiltrates a system through an outside partner or service provider with access to the system. The increase in these types of attacks has been attributed to their effectiveness and the difficulty in detecting them. One of the reasons for the predicted increase in supply chain attacks in 2024 is the growing reliance on third-party vendors. As businesses continue to outsource tasks to external parties, the risk of a supply chain attack increases. This trend highlights the need for businesses to thoroughly vet their vendors and implement robust security measures. Another reason for the predicted increase is the advancement in attack methods. Cybercriminals are continually refining their tactics, making it harder for businesses to defend themselves. This advancement underscores the importance of staying on top of cybersecurity trends and continually updating security protocols. Quantum Computing Impact on Encryption Quantum computing has been a topic of discussion for several years now. By harnessing the principles of quantum mechanics, these computers can process information at a much faster rate than traditional computers. However, as promising as this technology may seem, it does come with certain implications for application security. Quantum computers have the potential to render current encryption methods obsolete. Their ability to perform complex calculations in a shorter span of time could potentially break encryption codes that would take traditional computers thousands of years to crack. This threat to encryption is something that organizations will need to prepare for. Despite the threat, quantum computing also brings opportunities for application security. New encryption methods, known as quantum encryption or quantum key distribution, are being developed. These methods leverage the principles of quantum mechanics to create keys that are theoretically unbreakable. This advancement might be the solution to the encryption dilemma posed by quantum computing. Advancements in Identity and Access Management Identity and access management (IAM) is becoming a critical component of application security. It involves ensuring that only authorized individuals have access to certain information. With the increase in remote work and the growing complexity of IT infrastructures, advancements in IAM have become essential. One of the predicted advancements in IAM for 2024 is the increased use of biometrics. Biometric authentication methods, such as fingerprint or facial recognition, provide a higher level of security than traditional passwords. As biometric technology becomes more sophisticated and accessible, it's likely to become a mainstream method of authentication. Another predicted advancement is the use of artificial intelligence (AI) in IAM. AI can help automate and enhance various IAM processes, such as user authentication and anomaly detection. By using AI, businesses can significantly improve the security posture of their applications. To sum up, the world of application security is set to experience several significant changes in 2024. From the impact of quantum computing on encryption to the increase in supply chain attacks and advancements in IAM, it's clear that businesses need to stay ahead of these trends to maintain robust security. With proactive planning and investment in the right technologies, organizations can navigate these changes and ensure the security of their applications.

Application Security: Trends and Predictions for 2024

Compromised devices/machines are a new threat to organizations, especially small businesses. Challenges such as Fast-paced digital transformation, Cloud adoption, and the Internet of Things add fire to the already burning pyre of managing the massive volume of machine identities. But this is not all. While the security teams at larger enterprises are fighting demons like ransomware, malware, phishing, and other cybersecurity attacks, small businesses face the significant brunt of poorly managed machine identities. But… 🙋What are machine identities, and how are they different from human identities? 🙋Why is managing machine identities crucial for small businesses? 🙋What are the challenges faced by Small Businesses while managing machine identities? These are a few of the questions I will try to answer through my blog on Managing Machine Identities in SMBs. Sit tight, and keep reading. Machine Identity: The Meaning and The Definition Machine identity is the unique digital identity assigned to applications, services, and devices within a networked environment. These identities help machines to ✅ Connect and communicate with each other in a secure environment. ✅ Authenticate themselves to other systems in the network. Each machine identity comprises cryptographic keys, certificates, or the like of credentials that build trust and enable secure communications in digital space. There are two entities in a networked environment: humans and machines. While much investment is made to protect and manage human identities, scant efforts are made to protect and secure interconnected machines. Result: The imbalance is a significant concern. Reason: The number of machines has steadily increased, outpacing the growth of their human counterparts. This implies that there are more machines connected with each other with scant security efforts in place than humans connected to machines. To protect these machines from being compromised, they need identities that can keep their connections and communications safe. Importance of Machine Identity Management Machine Identity Management plays a crucial role in ensuring your business's security, integrity, and efficiency. With proper identities in place, you can authenticate and authorize machine-to-machine communication. When you are regularly managing the identities of your machines, you can prevent 📌 Unauthorized access 📌 Data breaches 📌 Other security threats, such as malware, ransomware attacks But that’s not all. With machine identity management, you can facilitate the smooth integration of various services and systems. Result: Optimized overall operational performance. But how is this relevant to your small business? Relevance for Small Businesses With limited resources, small businesses face unique challenges in maintaining robust security measures. Despite the size of your business, you still rely on interconnected networks, systems, and applications to conduct your everyday operations efficiently. So, how will managing machine identity help your small business? Managing your machine identities can help you in numerous ways; here are a few prominent ones. Machine Identity Management helps small businesses to 📍Secure their digital assets 📍Safeguard sensitive data 📍Mitigate risks associated with cyber threats With effective machine identity practices, small business owners can ✅ Improve their overall security posture ✅ Support the growth of their business ✅ Scale their small business But what exactly is machine identity? Understanding Machine Identity Unique cryptographic identifiers used to authenticate and secure communication between machines are called machine identities. These identities are allotted to machines in a networked environment, such as servers, devices, and applications. Managing machine identities is crucial for small business owners to protect against cyber threats and maintain their operational integrity in contemporary IT infrastructures. What Constitutes Machine Identity? Machine identity encompasses various components that establish the digital identity of devices, applications, and services within an IT ecosystem. These include 📍Digital Certificates 📍API Keys 📍SSH (Secure Shell) Keys 📍Device Identifiers Why Is Machine Identity Important For Your Small Business Machine identities are crucial for a secure business environment and serve important functions in the contemporary IT infrastructure. 📌 Authentication: Machine identities help business owners verify the identity of devices, applications, and services, ensuring only trusted entities can access resources and systems. 📌Encryption: Machine identities, especially SSL/TLS certificates, enable encryption of data transmitted over networks, safeguarding it from unauthorized interception and ensuring confidentiality. 📌 Access Control: They have a crucial role in access control by regulating permissions based on machines' identities and roles. This helps prevent unauthorized access and actions within IT environments. 📌Understanding and effectively managing machine identities is essential for maintaining IT operations' security, integrity, and efficiency, especially for small businesses with limited resources and specialized needs. Machine Identity Management Challenges for Small Businesses Unmanaged or improperly machine identities can pose serious challenges to small businesses. Some of the challenges your business can face while managing machine identities. Lack of Awareness and Resources Small businesses often face challenges due to limited awareness of available resources and best practices. This can encompass various aspects: 📍 Technology: Small businesses might not be aware of the latest technologies and tools that can help them streamline their operations and improve security. 📍 Financial: Limited budgets can restrict access to necessary resources such as advanced cybersecurity solutions or professional consulting services. 📍 Training and Education: Owners and employees might lack awareness of cybersecurity risks and protocols, leading to vulnerabilities like phishing attacks or weak password practices. Risks Associated with Unmanaged Machine Identities Machine identities refer to digital certificates and cryptographic keys used to authenticate machines in networks. The risks associated with unmanaged machine identities include: 📍Misconfigured or compromised machine identities can lead to unauthorized access to sensitive data or systems. 📍Improperly managed machine identities can result in compliance failures with industry regulations and standards. 📍Unmanaged machine identities can lead to operational disruptions and downtime. Compliance and Regulatory Concerns While compliance with regulations and standards is crucial for your small business, machine identity management can make it challenging due 📍Various regulatory requirements such as GDPR, HIPAA, and PCI DSS can be complex to understand and adhere to, especially for you as a small business owner. 📍Shortage of dedicated resources to meet compliance requirements is another challenge for small business owners. Hiring a dedicated resource can put a strain on your small business budgets. 📍Non-compliance can result in significant penalties or legal consequences. This is quite a detrimental situation for small businesses with limited financial resilience. Small businesses can address these challenges with strategic resource allocation and leveraging technology solutions tailored to their needs. Compromised devices/machines are a new threat to organizations, especially small businesses. Challenges such as Fast-paced digital transformation, Cloud adoption, and the Internet of Things add fire to the already burning pyre of managing the massive volume of machine identities. But this is not all. While the security teams at larger enterprises are fighting demons like ransomware, malware, phishing, and other cybersecurity attacks, small businesses face the significant brunt of poorly managed machine identities. But… 🙋What are machine identities, and how are they different from human identities? 🙋Why is managing machine identities crucial for small businesses? 🙋What are the challenges faced by Small Businesses while managing machine identities? These are a few of the questions I will try to answer through my blog on Managing Machine Identities in SMBs. Sit tight, and keep reading. Machine Identity: The Meaning and The Definition Machine identity is the unique digital identity assigned to applications, services, and devices within a networked environment. These identities help machines to ✅ Connect and communicate with each other in a secure environment. ✅ Authenticate themselves to other systems in the network. Each machine identity comprises cryptographic keys, certificates, or the like of credentials that build trust and enable secure communications in digital space. There are two entities in a networked environment: humans and machines. While much investment is made to protect and manage human identities, scant efforts are made to protect and secure interconnected machines. Result: The imbalance is a significant concern. Result: Reason: The number of machines has steadily increased, outpacing the growth of their human counterparts. Reason: This implies that there are more machines connected with each other with scant security efforts in place than humans connected to machines. To protect these machines from being compromised, they need identities that can keep their connections and communications safe. Importance of Machine Identity Management Machine Identity Management plays a crucial role in ensuring your business's security, integrity, and efficiency. With proper identities in place, you can authenticate and authorize machine-to-machine communication. When you are regularly managing the identities of your machines, you can prevent 📌 Unauthorized access 📌 Data breaches 📌 Other security threats, such as malware, ransomware attacks But that’s not all. With machine identity management, you can facilitate the smooth integration of various services and systems. Result: Optimized overall operational performance. But how is this relevant to your small business? Relevance for Small Businesses With limited resources, small businesses face unique challenges in maintaining robust security measures. Despite the size of your business, you still rely on interconnected networks, systems, and applications to conduct your everyday operations efficiently. So, how will managing machine identity help your small business? Managing your machine identities can help you in numerous ways; here are a few prominent ones. Machine Identity Management helps small businesses to 📍Secure their digital assets 📍Safeguard sensitive data 📍Mitigate risks associated with cyber threats With effective machine identity practices, small business owners can ✅ Improve their overall security posture ✅ Support the growth of their business ✅ Scale their small business But what exactly is machine identity? Understanding Machine Identity Unique cryptographic identifiers used to authenticate and secure communication between machines are called machine identities. These identities are allotted to machines in a networked environment, such as servers, devices, and applications. Managing machine identities is crucial for small business owners to protect against cyber threats and maintain their operational integrity in contemporary IT infrastructures. What Constitutes Machine Identity? Machine identity encompasses various components that establish the digital identity of devices, applications, and services within an IT ecosystem. These include 📍Digital Certificates 📍API Keys 📍SSH (Secure Shell) Keys 📍Device Identifiers Why Is Machine Identity Important For Your Small Business Machine identities are crucial for a secure business environment and serve important functions in the contemporary IT infrastructure. 📌 Authentication: Machine identities help business owners verify the identity of devices, applications, and services, ensuring only trusted entities can access resources and systems. 📌Encryption: Machine identities, especially SSL/TLS certificates, enable encryption of data transmitted over networks, safeguarding it from unauthorized interception and ensuring confidentiality. 📌 Access Control: They have a crucial role in access control by regulating permissions based on machines' identities and roles. This helps prevent unauthorized access and actions within IT environments. 📌Understanding and effectively managing machine identities is essential for maintaining IT operations' security, integrity, and efficiency, especially for small businesses with limited resources and specialized needs. Machine Identity Management Challenges for Small Businesses Unmanaged or improperly machine identities can pose serious challenges to small businesses. Some of the challenges your business can face while managing machine identities. Lack of Awareness and Resources Small businesses often face challenges due to limited awareness of available resources and best practices. This can encompass various aspects: 📍 Technology: Small businesses might not be aware of the latest technologies and tools that can help them streamline their operations and improve security. 📍 Financial: Limited budgets can restrict access to necessary resources such as advanced cybersecurity solutions or professional consulting services. 📍 Training and Education: Owners and employees might lack awareness of cybersecurity risks and protocols, leading to vulnerabilities like phishing attacks or weak password practices. Risks Associated with Unmanaged Machine Identities Machine identities refer to digital certificates and cryptographic keys used to authenticate machines in networks. The risks associated with unmanaged machine identities include: 📍Misconfigured or compromised machine identities can lead to unauthorized access to sensitive data or systems. 📍Improperly managed machine identities can result in compliance failures with industry regulations and standards. 📍Unmanaged machine identities can lead to operational disruptions and downtime. Compliance and Regulatory Concerns While compliance with regulations and standards is crucial for your small business, machine identity management can make it challenging due 📍Various regulatory requirements such as GDPR, HIPAA, and PCI DSS can be complex to understand and adhere to, especially for you as a small business owner. 📍Shortage of dedicated resources to meet compliance requirements is another challenge for small business owners. Hiring a dedicated resource can put a strain on your small business budgets. 📍Non-compliance can result in significant penalties or legal consequences. This is quite a detrimental situation for small businesses with limited financial resilience. Small businesses can address these challenges with strategic resource allocation and leveraging technology solutions tailored to their needs.

Machine Identities in Small Businesses: The Key to Security and Efficiency

**TEL AVIV, Israel, May 2nd, 2024/CyberNewsWire/--**Early adoption by Fortune 100 companies worldwide, LayerX already secures more users than any other browser security solution and enables unmatched security, performance and experience. LayerX, pioneer of the LayerX Browser Security platform, today announced $26 million in Series A funding led by Glilot+, the early-growth fund of Glilot Capital Partners, with participation from Dell Technologies Capital and other investors. Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board. The new capital will be used for corporate growth across talent and increasing global market presence. This round brings the company’s total investment to $34 million. Today’s modern enterprise employees rely heavily on browser-based services and SaaS applications. Yet, these fundamental work activities expose organizations to a wide range of security risks, like data leaks, identity and password theft, malicious browser extensions, phishing sites and more. LayerX was purpose-built to secure and govern browser-based work, from both managed and unmanaged devices. “We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience, ” said Or Eshed, co-founder and CEO, LayerX. “As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities,” he continues. “Today’s funding round is a testament to our increasing market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browser experience.” LayerX's Enterprise Browser Extension is compatible with all commonly used browsers, including Chrome, Firefox, Edge and others, without requiring agents, a VPN or network modifications. Once deployed, the information security or IT team gains visibility into user activities and can block or restrict any threat in real-time, without impacting the user experience. LayerX protects against all threats, whether they were inadvertently or maliciously caused by the employee, or whether they were originated by the attacker. The solution includes an AI engine that granularly monitors the code run by the browser and automatically generates a variety of insights related to user behavior in the browser. "Since inception, LayerX showed super fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defense for modern organizations. By protecting the browser, the central productivity application in organizations, from a wide range of new-generation security risks, LayerX can solve acute security problems that have remained unanswered until now,” said Kobi Samboursky, Founding and Managing Partner at Glilot Capital “We believe that this novel solution for securing browsers will replace most SASE and SSE solutions prevalent today in organizations. At an estimated market size of $7 billion, the potential inherent in LayerX’s technology is tremendous." "Similar to other successful entrepreneurs in the cybersecurity field we've collaborated with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. Consequently, they recognize that effective security measures should adapt to real-world user behaviors, rather than the other way around,” said Yair Snir, Managing Director at Dell Technologies Capital. “In a world where most computer operations are conducted through browsers, LayerX introduces a creative approach to corporate security that is user-friendly, robust, and easily implementable in large organizations. This approach transforms the browser from a major vulnerability to a strength, facilitating secure work across devices. Our investment in LayerX isn't just driven by the promising opportunity but also by the potential impact of the company's solution on organizations, regardless of where employees conduct their tasks." About LayerX LayerX was founded in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, who developed web attack and defense systems during their military service. In 2017, Eshed led the exposure of the largest attack campaign in history on the Chrome browser, which involved tens of millions of compromised browsers and even led to the capture and trial of the hackers. LayerX has Fortune 100 clients worldwide. LayerX Enterprise Browser Extension natively integrates with any browser, turning it into the most secure and manageable workspace, with no impact on the user experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks that endpoint and network solutions can’t protect against. Those include data leakage over the web, SaaS apps and GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more. Contact Dori Harpaz LayerX dori@layerxsecurity.com This story was distributed as a release by Cyberwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **TEL AVIV, Israel, May 2nd, 2024/CyberNewsWire/--**Early adoption by Fortune 100 companies worldwide, LayerX already secures more users than any other browser security solution and enables unmatched security, performance and experience. LayerX, pioneer of the LayerX Browser Security platform, today announced $26 million in Series A funding led by Glilot+, the early-growth fund of Glilot Capital Partners, with participation from Dell Technologies Capital and other investors. Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board. The new capital will be used for corporate growth across talent and increasing global market presence. This round brings the company’s total investment to $34 million. Today’s modern enterprise employees rely heavily on browser-based services and SaaS applications. Yet, these fundamental work activities expose organizations to a wide range of security risks, like data leaks, identity and password theft, malicious browser extensions, phishing sites and more. LayerX was purpose-built to secure and govern browser-based work, from both managed and unmanaged devices. “We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience, ” said Or Eshed, co-founder and CEO, LayerX. “We’ve transformed workforce protection for organizations without requiring the transition to a dedicated secure browser. Unlike other solutions, installed in a matter of minutes, the LayerX Browser Extension does not impact employee efficiency, speed, privacy or the browsing experience, ” said Or Eshed, co-founder and CEO, LayerX. “As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities,” he continues. “Today’s funding round is a testament to our increasing market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browser experience.” “As the browser becomes more central to the employee, we anticipate it becomes more attractive to the attacker, particularly in the wake of GenAI tools used in browser-related activities,” he continues. “Today’s funding round is a testament to our increasing market opportunity and the innovation behind our platform’s user-friendly approach to a more secure browser experience.” LayerX's Enterprise Browser Extension is compatible with all commonly used browsers, including Chrome, Firefox, Edge and others, without requiring agents, a VPN or network modifications. Once deployed, the information security or IT team gains visibility into user activities and can block or restrict any threat in real-time, without impacting the user experience. LayerX protects against all threats, whether they were inadvertently or maliciously caused by the employee, or whether they were originated by the attacker. The solution includes an AI engine that granularly monitors the code run by the browser and automatically generates a variety of insights related to user behavior in the browser. "Since inception, LayerX showed super fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defense for modern organizations. By protecting the browser, the central productivity application in organizations, from a wide range of new-generation security risks, LayerX can solve acute security problems that have remained unanswered until now,” said Kobi Samboursky, "Since inception, LayerX showed super fast growth and adoption by the world’s leading enterprises. The company is at the forefront of defense for modern organizations. By protecting the browser, the central productivity application in organizations, from a wide range of new-generation security risks, LayerX can solve acute security problems that have remained unanswered until now,” said Kobi Samboursky, Founding and Managing Partner at Glilot Capital “We believe that this novel solution for securing browsers will replace most SASE and SSE solutions prevalent today in organizations. At an estimated market size of $7 billion, the potential inherent in LayerX’s technology is tremendous." Founding and Managing Partner at Glilot Capital “We believe that this novel solution for securing browsers will replace most SASE and SSE solutions prevalent today in organizations. At an estimated market size of $7 billion, the potential inherent in LayerX’s technology is tremendous." "Similar to other successful entrepreneurs in the cybersecurity field we've collaborated with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. Consequently, they recognize that effective security measures should adapt to real-world user behaviors, rather than the other way around,” said Yair Snir, "Similar to other successful entrepreneurs in the cybersecurity field we've collaborated with, Or and David bring significant experience and knowledge in understanding the technical issues involved in threats to organizations and the motivations of attackers. Consequently, they recognize that effective security measures should adapt to real-world user behaviors, rather than the other way around,” said Yair Snir, Managing Director at Dell Technologies Capital. “In a world where most computer operations are conducted through browsers, LayerX introduces a creative approach to corporate security that is user-friendly, robust, and easily implementable in large organizations. This approach transforms the browser from a major vulnerability to a strength, facilitating secure work across devices. Our investment in LayerX isn't just driven by the promising opportunity but also by the potential impact of the company's solution on organizations, regardless of where employees conduct their tasks." Managing Director at Dell Technologies Capital. “In a world where most computer operations are conducted through browsers, LayerX introduces a creative approach to corporate security that is user-friendly, robust, and easily implementable in large organizations. This approach transforms the browser from a major vulnerability to a strength, facilitating secure work across devices. Our investment in LayerX isn't just driven by the promising opportunity but also by the potential impact of the company's solution on organizations, regardless of where employees conduct their tasks." About LayerX LayerX was founded in 2022 by Or Eshed, CEO, and David Weisbrot, CTO, who developed web attack and defense systems during their military service. In 2017, Eshed led the exposure of the largest attack campaign in history on the Chrome browser, which involved tens of millions of compromised browsers and even led to the capture and trial of the hackers. LayerX has Fortune 100 clients worldwide. LayerX Enterprise Browser Extension natively integrates with any browser, turning it into the most secure and manageable workspace, with no impact on the user experience. Enterprises use LayerX to secure their devices, identities, data, and SaaS apps from web-borne threats and browsing risks that endpoint and network solutions can’t protect against. Those include data leakage over the web, SaaS apps and GenAI Tools, malicious browser extensions, phishing, account takeovers, shadow SaaS, and more. Contact Dori Harpaz LayerX dori@layerxsecurity.com This story was distributed as a release by Cyberwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Cyberwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

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