Google chairman endorses cyber security incubator
Eric Schmidt believes innovation in the sector is crucial.
With recent high-profile hacks of Sony, Target and even the U.S. government, the demand for new and innovative ways of thwarting such incidents has never been more necessary – or in demand.
One forward-thinking team in Israel is taking the issue into its own hands. Team8 is an accelerator/venture capital firm/incubator that seeks out Israeli cyber security technology, develops it and then helps launch it.
Not long ago it caught the attention of Google's executive chairman, Eric Schmidt, who chose to invest in it. In a nod to his belief in Team8's potential, he was in the country Monday to help celebrate the launch of its most recent success story, illusive networks.
“The business world is under cyber siege, with cyber attacks dominating headlines,” he said. “It is critical that we support innovative startups developing creative and disruptive solutions to these threats. Illusive networks is a perfect example of the kind of 'out of the box' thinking necessary to challenge the growing threat of targeted attacks.”
Illusive takes a novel approach to thwarting hackers, by confusing them with unreliable data. Its “deception everywhere” technology weaves a fictitious layer of information over an entire network. The moment an attacker penetrates the network, they are fed false data. If attackers cannot collect reliable data, they cannot make decisions. And if they cannot make decisions, the attack is paralyzed.
Shlomo Touboul, Illusive Networks CEO, said the company's technology is able to defend against almost any hacker.
“As successful attackers move towards their target, they rely on one simple fact – that the data they collect is accurate,” he said. “What if we tamper with that data and create an environment where attackers can’t rely on the information they gather? If the information is unreliable, the attack cannot move forward. In real world terms, if Sony or Target had been using illusive networks, those attacks could have been prevented.”
Schmidt, also in the country on business with Google, wasn't just bullish on Team8 and Illusive Networks. At a talk on Sunday he told an audience of Israeli students and researchers that the country "is thriving in terms of innovation because you have a culture that makes it possible to question authority and to challenge everything – you don’t follow the rules."
He added that he continues to be impressed by how innovative the country is, stating the influence it "has on science and technology is tremendous; that’s why I’m here, and that’s why I invest here.”
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