Operations

10/23/2018
04:25 PM
50%
50%

Barclays, Walmart Join New $85M Innovation Coalition

Innovation incubator Team8 recruits major partners, investors to create new products that help businesses 'thrive by security.'

A new coalition of major finance, retail, aerospace, and technology firms has secured an $85 million capital investment to build new companies and products that are secure by design and drive "digital transformation." 

The coalition is led by Team8 — the Israel-based innovation incubator that generated threat deception company Illusive and IoT security company Claroty. Walmart, Airbus Defense and Space, Dimension Data, Munich Re, Moody's, Barclays, Softbank, and Scotiabank have all joined. The effort's $85 million capital investment is being provided by Team8's existing investors, including M-12, Microsoft's venture capital arm, Nokia, Cisco Investments, Bessemer Venture Partners, Temasek, and Innovation Endeavors. 

"Thrive By Security" is the coalition's mantra. Because many companies find security to be a barrier to the adoption of new technology, the coalition aims to create companies that enable the adoption of new technology. Its approach will focus on using cybersecurity as a catalyst for growth and building security into infrastructure and data science.  

Any companies spun out of this project will operate independently and share ownership with investors.   

Read more details here and here.

 

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
ChristopherJames
50%
50%
ChristopherJames,
User Rank: Strategist
10/30/2018 | 10:46:15 PM
Re: I think that
Companies are bound to benefit from this coalition especially as they aim to thrive in this modernizing era. Cybersecurity poses its own risks and it becomes a crucial aspect of running a business to maintain to avoid losses in the long run. Every effort matters to stay ahead of advancing cyberattack techniques.
UdyRegan
50%
50%
UdyRegan,
User Rank: Apprentice
10/29/2018 | 1:18:10 AM
I think that
I think that it will be wonderful to see what kind of innovations are going to be coming out of this think tank. At the moment, it looks like there are a lot of exciting things that are going to be developed. Hopefully it will be something that the smaller companies will be able to take part in. At the end of the day, it's the small guys that lose out of such technological advancements so it would be good if they were accommodated in these developments!
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
BEC Scammer Pleads Guilty
Dark Reading Staff 3/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
The State of Cyber Security Incident Response
The State of Cyber Security Incident Response
Organizations are responding to new threats with new processes for detecting and mitigating them. Here's a look at how the discipline of incident response is evolving.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18913
PUBLISHED: 2019-03-21
Opera before 57.0.3098.106 is vulnerable to a DLL Search Order hijacking attack where an attacker can send a ZIP archive composed of an HTML page along with a malicious DLL to the target. Once the document is opened, it may allow the attacker to take full control of the system from any location with...
CVE-2018-20031
PUBLISHED: 2019-03-21
A Denial of Service vulnerability related to preemptive item deletion in lmgrd and vendor daemon components of FlexNet Publisher version 11.16.1.0 and earlier allows a remote attacker to send a combination of messages to lmgrd or the vendor daemon, causing the heartbeat between lmgrd and the vendor ...
CVE-2018-20032
PUBLISHED: 2019-03-21
A Denial of Service vulnerability related to message decoding in lmgrd and vendor daemon components of FlexNet Publisher version 11.16.1.0 and earlier allows a remote attacker to send a combination of messages to lmgrd or the vendor daemon, causing the heartbeat between lmgrd and the vendor daemon t...
CVE-2018-20034
PUBLISHED: 2019-03-21
A Denial of Service vulnerability related to adding an item to a list in lmgrd and vendor daemon components of FlexNet Publisher version 11.16.1.0 and earlier allows a remote attacker to send a combination of messages to lmgrd or the vendor daemon, causing the heartbeat between lmgrd and the vendor ...
CVE-2019-3855
PUBLISHED: 2019-03-21
An integer overflow flaw which could lead to an out of bounds write was discovered in libssh2 before 1.8.1 in the way packets are read from the server. A remote attacker who compromises a SSH server may be able to execute code on the client system when a user connects to the server.