CyberSecurity Attacks Are Top Concern for Companies and Consumers as Next Generation Biometrics Solutions Become Top Priority to Combat Identity Theft
As Data Breaches, Malware & Cyber Attacks increase, Leading Tech Companies race to develop improved and secure mobile payment measures for Consumer protection. Companies in focus today are: NXT-ID, Inc. (NASDAQ: NXTD), Sony Corporation (NYSE: SNE), Apple Inc. (NASDAQ: AAPL), Alibaba Group Holding Ltd. (NYSE: BABA) and Google Inc. (NASDAQ: GOOG).
NXT-ID, Inc. (NASDAQ: NXTD) and (NXTDW), a biometric authentication company focused on the growing mobile commerce market, announces it has retained famous pickpocket, entertainer and security consultant, Apollo Robbins for the 2015 International CES debut of the Wocket(TM) biometric smart wallet. Apollo Robbins will be at the NXT-ID booth January 6th and 7th, 2015, demonstrating some of his famous theft techniques to visiting media and consumers. He will show the audience how easy it is to have their wallet stolen and ultimately their identity.
Gino Pereira, CEO of NXT-ID, said, “An average of 13 Million people a year have their identity stolen and 44% of known causes can be traced to a stolen wallet or purse. The Wocket was designed to protect your identity by acting as your personal vault. It is only accessed by you through your personal voice biometric or PIN. Apollo seemed like the perfect fit to associate wallet theft and identity theft problems with our ultimate solution, the Wocket.”
Read the FULL NXTD Press Release at http://www.financialnewsmedia.com/profiles/nxtd.html
NXT-ID will showcase Wocket smart wallet at the 2015 International CES (Consumer Electronics Show) in Las Vegas, January 6-9, 2015 at booth 21926 in South Hall 1, lower level (LVCC). The Wocket can selectively be used at the booth by media and invited guests to make purchases of brand paraphernalia, demonstrating first-hand how convenient and secure the technology is. Apollo Robbins is a performer, speaker, consultant and one of the world’s leading experts on pickpockets, confidence crimes and deception. A pioneer in the application of deception to operational environments, Robbins uses pick-pocketing and sleight-of-hand to demonstrate perception management, diversion techniques and self-deception.
In other Cyber Attack News: Sony Hack Is Bad, But the Real CyberWar Is All Around You – Sony (NYSE: SNE) is reeling from the effects of its recent massive breach, in which hackers were able to penetrate the company’s systems at a deep level — and make Hollywood insiders blush by releasing troves of internal data and private emails. The scope of the breach, and the extent to which Sony was targeted, appears shocking to the public. But cybersecurity experts say this is happening all around you; there’s a much wider world of ongoing major hacks, with government-sponsored groups or “hacktivist” collectives mounting attacks against financial institutions, private companies, infrastructure and the military. “From a critical infrastructure and economic perspective, we’ve seen a lot worse than Sony,” Jeff Bardin, the chief intelligence officer at cyber-intelligence and training firm Treadstone 71, told NBC News. “Let’s put it in the context of the real issues: attacks on our power grid, our banks, are happening.” Continued… Read the full story at http://www.nbcnews.com/storyline/sony-hack/sony-hack-bad-real-cyberwar-all-around-you-n271896
Cybersecurity has taken front page headlines, and Apple seems more vulnerable to attacks – and must continue to improve security (NASDAQ: AAPL) – Several high-profile cyberattacks launched against Apple have revealed OS X and iOS aren’t as secure anymore, with criminals trying to compromise both operating systems. Enterprise workers are at risk because of Apple taking a “whack-a-mole” approach to security, which is a major threat with sophisticated spear-phishing attacks. – Read more at http://www.tweaktown.com/news/41715/apple-continue-improve-cybersecurity-attacks-increase/index.html
Alibaba Group was reported to have been maintaining poor online security systems, making it possible for hackers to exploit confidential information of millions of users – Alibaba Group Holding Ltd (NYSE: BABA) might be a potential target of virtual criminals as one of its numerous sites is not high on security, according to two Israeli security analysts. Moreover, another pair of analysts discovered that a website error had made a list of names and shipping addresses of Alibaba customers public, making the job of hackers all the more convenient. Founder of Cybermoon, provider of online security services, Amitay Dan, said in an interview that he discovered this system weakness last week when he was making a purchase of some lighting equipment for his exhibition on Alibaba’s AliExpress. Read the full article at http://www.bidnessetc.com/30863-alibaba-group-holding-ltd-in-need-of-strong-cybersecurity/
ThreatStream, a cybersecurity firm based in Redwood City, CA, announced $22M in Series B funding today to continue their efforts to help organizations fight cybersecurity threats. Today’s funding brings the company’s total raised to-date to $26.3M. The current round is led by General Catalyst Partners with help from new investors Institutional Venture Partners and previous investors Google (NASDAQ: GOOG) Ventures and Paladin Capital Group. Steve Herrod, who is a managing partner at General Catalyst and who is also former CTO at VMware, joins the company board of directors as part of the deal. So what does ThreatStream do that’s so special that it warrants a $22M investment? It looks at security from a different angle, says CEO Hugh Njemanze. He knows the field pretty well, having helped found security information management (SIM) vendor ArcSight, which was bought by HP in 2010 for $1.5B. SIMs like ArcSight, McAfee NitroSecurity and even Splunk (when used as a SIM) capture streams of security data and it’s up to a human to figure out if the threat is real. Read the full story at http://techcrunch.com/2014/12/04/threatstream-grabs-22m-to-help-fight-cybersecurity-threats/
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