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!
Devastating Cyberattack on Email Provider Destroys 18 Years of Data
Jai Vijayan, Freelance writer,  2/12/2019
Up to 100,000 Reported Affected in Landmark White Data Breach
Kelly Sheridan, Staff Editor, Dark Reading,  2/12/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
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
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-1695
PUBLISHED: 2019-02-15
IBM QRadar SIEM 7.2 and 7.3 uses weaker than expected cryptographic algorithms that could allow an attacker to decrypt highly sensitive information. IBM X-Force ID: 134177.
CVE-2018-1701
PUBLISHED: 2019-02-15
IBM InfoSphere Information Server 11.7 could allow an authenciated user under specialized conditions to inject commands into the installation process that would execute on the WebSphere Application Server. IBM X-Force ID: 145970.
CVE-2018-1727
PUBLISHED: 2019-02-15
IBM InfoSphere Information Server 9.1, 11.3, 11.5, and 11.7 is vulnerable to a XML External Entity Injection (XXE) attack when processing XML data. A remote attacker could exploit this vulnerability to expose sensitive information or consume memory resources. IBM X-Force ID: 147630.
CVE-2018-1895
PUBLISHED: 2019-02-15
IBM InfoSphere Information Server 11.3, 11.5, and 11.7 is vulnerable to cross-site scripting. This vulnerability allows users to embed arbitrary JavaScript code in the Web UI thus altering the intended functionality potentially leading to credentials disclosure within a trusted session. IBM X-Force ...
CVE-2019-4059
PUBLISHED: 2019-02-15
IBM Rational ClearCase 1.0.0.0 GIT connector does not sufficiently protect the document database password. An attacker could obtain the password and gain unauthorized access to the document database. IBM X-Force ID: 156583.