The Australia-Israel Cyber Centre: Avantgard and Cymmetria partner to solve the $17B riddle

The Australia-Israel Cyber Centre: Avantgard and Cymmetria partner to solve the $17B riddle

by Jennifer Xue

Back in 1963, the first ever reference to hacking was published in MIT’s The Tech newspaper, which is now known as ‘phone phreaking.’

Image Source: Duartes.org

As technology has evolved, so to has hacking. And, these days, hackers are becoming evermore sophisticated which is why it has become such a sensitive issue to governments, large corporations like Sony and banks.

Today, Avantgard ‘dubbed’ the Australia-Israel Cyber Centre has announced that they’ll be partnering with the Cymmetria.

In 2014 alone, the Internet-based economy contributed $79 billion to the Australian economy (or 5.1 per cent of GDP). This amount is expected to grow to $139 billion annually (7.3 per cent of GDP) by 2020 as more devices, services and people are connected online.

According to the Australian federal government, the Australian economy suffers AUD 17 billion losses from cyber attacks annually; highlighting that Australia’s cyber security needs a makeover.

The US think tank The Center for Strategic and International Studies and Intel Security claims that Australia lacks competent cyber security professionals hinting that Australia does not have the tools or resources to deal with cyber attacks.

“While Australia is amongst the popular target countries in the world of cyber attacks, Australian organisations present rather poor cyber resilience capabilities,” says Mr. Andrew Cox, Avantgard’s Founder.

Avantgard wants to uplift Australian cyber capabilities in both the private and government sectors, by providing a unique blend of assertive methodology and tools.

The new partnership with Cymmetria is aligned with the centre’s proactive approach towards cyber security and its pursuit to introduce Israeli expertise and technology into the Australian cyber landscape.

Cymmetria, was founded in 2014 by security experts Gadi Evron and Dean Sysman. Its pioneering cyber deception solution, MazeRunner, is based on breadcrumbs and decoys that lead attackers away from valuable targets.

Image Source: MazeRunner

Using MazeRunner, organisations gain the ability to detect threats, shape attacker behavior, and mitigate attacks. Unlike most traditional security solutions, Cymmetria focuses on the attackers rather than the attacks.

Cymmetria has already identified 5 unknown APTs (Advanced Persistent Threats) while working with global enterprise companies including major banks, security firms, large NGOs, Fortune 500 companies, and aerospace and defense organizations.

Mr. Andrey Shirben, Avantgard’s founding investor, says that it made perfect sense to include Cymmetria in Avantgard’s portfolio and bring its deception solution over to Australia.

Andrey Shirbin

Andrey Shirbin

“As someone who was one of Cymmetria’s first investors and having dealt with cyber for more than a decade myself, I saw a real, much-needed change in the way we approach cyber adversaries today,” says Mr. Shirben.

“Traditional cyber defense requires the defender to be accurate 100% of the time, while the attacker only needs to be successful once. Cymmetria’s MazeRunner turns the table on attackers by creating a deception layer that leads them onto decoys instead of real machines. These decoys force attackers to be accurate in 100% of the cases, while the defender only needs to catch them once to eliminate the threat.”

Avantgard’s hybrid approach consists of high-end consulting services to help organizations assessing their current risks, threats and defenses as well as to assist them with implementing solutions that are not trivial to circumvent. Cymmetria’s MazeRunner.

“We are not busy building higher and thicker walls and heavily investing in perimeter defense, but rather employ a proactive approach, that is based on constant intelligence gathering, threat analysis, deception and other assertive measures,” concludes Mr. Cox. “We believe that Intelligence is not a privilege – it is the foundation of building the right defenses.”

Avantgard and Cymmetria together, plan to solve the $17B riddle and revamp Australia’s cyber security.

Jennifer Xue is the editor-in-chief of SiliconValleyGlobe.com.

 

Featured Image Source: Pixabay

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