WISeKey reports continued growth with $20m revenue for first half of 2017

WISeKey International, the Switzerland-based cybersecurity and IoT firm, has announced ‘significantly increased’ revenue up to $20 million (£15.4m), unaudited, for the first half of this year as the company’s progress continues to improve.

The company’s previous revenues stood at $1.3m reported for the first half of 2016, and $11.6m consolidated revenues for the full year.

In order to evolve as a major player in IoT, cybersecurity, AI and blockchain, WISeKey has aggregated over...

By IoT News, 04 July 2017, 0 comments. Categories: IoT, Security.

Building the right defences before the IoT botnets catch you

PayPal, Spotify, Twitter, Airbnb, the Sony PlayStation Network – what is the connection? These were some of the sites and services that were disrupted as a result of the DDoS attack on Dyn, the cloud DNS provider, last October.

The attack is believed to have been caused by the Mirai botnet, which takes advantage of unprotected IoT devices such as CCTV cameras, routers, DVRs and even baby monitors. It can rapidly overwhelm DNS servers with requests, cutting off users from connecting to services they want...

By David Williamson, 04 July 2017, 0 comments. Categories: IoT, Security.

Kaspersky: IoT malware attacks have more than doubled over the past year

Security experts at Kaspersky report the number of IoT malware attacks have more than doubled over the past year.

Kaspersky monitor attacks with a ‘honeypot’ of insecure devices which imitate IoT devices. In 2016, the company detected 3,219 samples of different malware. As of May this year, Kaspersky’s honeypot caught 7,242 samples.

The rapidly increasing number of IoT devices around the globe has always been expected to be a prime target for cybercriminals. As...

By Ryan Daws, 20 June 2017, 0 comments. Categories: IoT, Security.

BT, Intercede and Imagination offer ‘trust continuum’ for IoT security

Imagination, a global technology company, and Intercede, a digital identity and credentials expert, have partnered to demonstrate a “trust continuum” focusing on enhanced Internet of Things (IoT) security at BT’s bi-annual Innovation 2017 event.

The parties demonstrated how an end-to-end chain of trust is established via the home gateway by architecting systems-on-chips (SoCs) for home gateway routers to enable them to become secure, intelligent hubs for all IoT devices and services within...

By IoT News, 16 June 2017, 0 comments. Categories: IoT, Security.

Half of US firms on IoT network say they have experienced a security breach

Nearly half of US firms using an Internet of Things (IoT) network have been hit by a recent security breach, according to a study from strategy consulting provider Altman Vilandrie & Company.

The research, conducted in April 2017, evaluated about 400 IT executives across 19 industries that have purchased some form of IoT security solution and found that 48% of the firms have experienced at least one security breach.

The cost of the breaches amounted to 13.4% of the total revenues for companies having...

By IoT News, 08 June 2017, 0 comments. Categories: Enterprise, IoT, Security.

Mocana raises $11 million with aim to ‘revolutionise’ IoT security

Mocana announced it has raised $11 million from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures making the total amount it rose to $93.6 million adding the capital. It aims to further accelerate the development of its IoT Security Platform to protect the industrial IoT market, which will be valued at $933.62 billion by 2025, as per Grand View Research.

The IoT Security Platform employs military-grade cryptographic software installed on a chip or flash memory embedded within a device. It...

By IoT News, 22 May 2017, 0 comments. Categories: Enterprise, IoT, Security.

IoTium aims to solve the problem of brownfield development for the IIoT

Meet IoTium. The Industrial Internet of Things (IIoT) company, based in San Francisco, has announced the launch of its network as a service (NaaS) product to help organisations better connect their brownfield developments, as well as $8.4 million (£6.5m) in series A funding.

Here’s how the product works: IoTium’s NaaS is a cloud-deployed zero touch managed service which aims to securely collect data from legacy mission-critical brownfield machines and sends it to greenfield applications...

By James Bourne, 11 May 2017, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.

Cloudflare goes into Orbit with ‘private network for IoT devices’ launch

Internet security services provider Cloudflare has announced the launch of Orbit, a product which aims to solve the problems of Internet of Things (IoT) security by filtering traffic through the San Francisco-based vendor first.

The company argues a new model for security is needed with ever-increasing numbers of connected devices. “PC security does not work for IoT,” the company notes in a blog post. “Consumers do not share that similar understanding that...

By James Bourne, 02 May 2017, 0 comments. Categories: IoT, Security, Standards.

Siemens’ Mentor becomes Microsoft Azure certified for the Internet of Things

Siemens-owned Mentor, which aims to provide the embedded systems industry’s broadest portfolio of solutions for the industrial market, has joined Microsoft Azure Certified for Internet of Things (IoT) to help customers get IoT solutions functioning quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services.

Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms,...

By IoT News, 27 April 2017, 0 comments. Categories: Enterprise, IoT, Security.

WISeKey discloses new public key infrastructure framework ‘tailored for the IoT’

Security and authentication provider WISeKey has launched WISeKeyIoT, a global scalable framework which offers digital public key infrastructure (PKI) certificates for connected devices.

The certificates are protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities. The digital PKI certificates can be signed by the publicly trusted root, owned by OISTE and operated by...

By IoT News, 26 April 2017, 0 comments. Categories: IoT, Security.