|By PR Newswire||
|February 3, 2014 01:48 PM EST||
SANTA CLARA, California, February 3, 2014 /PRNewswire/ --
LightCyber Ltd. today has been named one of 10 finalists for RSA® Conference's 2014 Innovation Sandbox program. On Monday, February 24, LightCyber will have the opportunity to demonstrate its security innovation to the Innovation Sandbox panel of judges for a chance to be named "Most Innovative Company at RSA Conference 2014".
Innovation Sandbox promotes new approaches to technology, provides advice and counsel for entrepreneurs and exposes the RSA Conference community to venture capitalists, industry experts, senior level business practitioners and thought leaders.
"Being named to the top 10 is an indicator of great things to come for our Innovation Sandbox finalists," said Alex Bender, General Manager of RSA Conference. "Past winners and finalists have validated this honor through growth, acquisitions and funding. We expect similar results for the 2014 group and look forward to watching these organizations continue to succeed for years to come."
LightCyber Magna™ analyzes internal network traffic using Deep Packet Inspection, profiling and understanding the behavior of all users, devices and applications inside the network. By detecting compromised computers and stolen credentials early in the lifecycle of a persistent targeted attack, Magna enables users to rapidly remediate breaches and stop attacks before serious damage is done. In December 2013, Magna detected breaches from unknown Bitcoin mining malware that was distributed through Yahoo! Ad servers some four days before the campaign became widely known, proving the system's superiority in detecting and containing breaches from unknown malware.
"Information security practitioners around the world understand their networks are likely to be compromised at some point by a persistent targeted attack. What they're lacking is a practical solution to detect and remediate these breaches and regain control of their networks," said Giora Engel, Founder and VP Product & Strategy for LightCyber. "Magna is already deployed in customer networks around the globe, and delivering accurate and actionable breach indications on a daily basis, with an extremely low false positive rate. We are honored by the recognition from the Innovation Sandbox program, and look forward to demonstrating our innovation and competing for the 'Most Innovative Company at RSA Conference 2014' title later this month," he concluded.
The "Most Innovative Company at RSA Conference 2014" winner will be determined at the conclusion of Innovation Sandbox, after each finalist gives a short presentation to a panel of judges that includes Asheen Chandna, Partner at Greylock Partners; Gerhard Eschelbeck, Chief Technology Officer and Senior Vice President of Sophos; Alastair Goldfisher, Editor of Venture Capital Journal; George Hoyem, Investment Partner at In-Q-Tel; Paul Kocher, President of Cryptography Research; and Katie Moussouris, Senior Security Strategist Lead at Microsoft.
Additional information about the "Most Innovative Company at RSA Conference 2014" contest and Innovation Sandbox program can be found at:
LightCyber is a leading provider of advanced breach detection solutions that protect organizations from targeted threats and cyber-attacks. LightCyber Magna™ is the first product to analyze both network traffic and endpoint information to understand the behavior of users, devices and applications and to detect compromised computers and stolen credentials early in the attack lifecycle, allowing users to remediate breaches and stop attacks before the damage is done. Founded in 2011 and led by world-class cyber security experts and a seasoned management team, the company's products have been successfully deployed by top-tier customers in the financial, legal, telecom, government, media and technology sectors. For more information, please visit http://www.lightcyber.com.
About RSA Conference
RSA Conference helps drive the global information security agenda with annual events in the U.S., Europe, and Asia. Since 1991, RSA Conference consistently attracts the best and brightest in the field, creating opportunities to learn about information security's most important issues through face-to-face and online interactions with peers, luminaries and emerging and established companies. As information security professionals work to stay ahead of ever-changing security threats and trends, they turn to RSA Conference for a 360-degree view of the industry. RSA Conference seeks to arm participants with the knowledge they need to remain at the forefront of the information security business. More information on events, online programming and the most up-to-date news pertaining to the information security industry can be found at http://www.rsaconference.com.
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SOURCE LightCyber Ltd.