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: Apprentice
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!
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
Empathy: The Next Killer App for Cybersecurity?
Shay Colson, CISSP, Senior Manager, CyberClarity360,  11/13/2018
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-15769
PUBLISHED: 2018-11-16
RSA BSAFE Micro Edition Suite versions prior to 4.0.11 (in 4.0.x series) and versions prior to 4.1.6.2 (in 4.1.x series) contain a key management error issue. A malicious TLS server could potentially cause a Denial Of Service (DoS) on TLS clients during the handshake when a very large prime value is...
CVE-2018-18955
PUBLISHED: 2018-11-16
In the Linux kernel 4.15.x through 4.19.x before 4.19.2, map_write() in kernel/user_namespace.c allows privilege escalation because it mishandles nested user namespaces with more than 5 UID or GID ranges. A user who has CAP_SYS_ADMIN in an affected user namespace can bypass access controls on resour...
CVE-2018-19311
PUBLISHED: 2018-11-16
Centreon 3.4.x allows XSS via the Service field to the main.php?p=20201 URI, as demonstrated by the "Monitoring > Status Details > Services" screen.
CVE-2018-19312
PUBLISHED: 2018-11-16
Centreon 3.4.x allows SQL Injection via the searchVM parameter to the main.php?p=20408 URI.
CVE-2018-19318
PUBLISHED: 2018-11-16
SRCMS 3.0.0 allows CSRF via admin.php?m=Admin&c=manager&a=update to change the username and password of the super administrator account.