Securing Our Future - Cyber Fraud and Cybersecurity
21 September 2021 - A Weekly Publication by New North Ventures
SOF 005: Cyber National Defense Strategy with Gentry Lane
Host Jeremy Hitchcock sits down with Gentry Lane who is the CEO & Founder of ANOVA Intelligence, a venture-backed cyber national security software company that serves American critical infrastructure companies. She holds a DoD-appointed position on the NATO Science & Technology Organization tech panel on the cyber defense of military systems. Additionally, she is a Fellow at the Potomac Institute for Policy Studies and a visiting fellow at the National Security Institute at George Mason University's Antonin Scalia Law School.
This episode covers:
How secure our critical infrastructure really is
The difference between private and government cyber security
How to deter nation-state and cyber criminals from attacking our vulnerabilities
Cybera recently raised $5.0 M in seed funding in a round led by New North Ventures and Converge Capital. The company has developed an algorithm that focuses on cybercrime reporting to reduce the number of fraud cases and block problem accounts. The software connects the network of victim reports with a global watchlist of problematic accounts to stop fraudulent transactions before they occur. The company was founded in 2020 by Nicola Staub, Sudip Biswas, and Claudio Staub. NNV is proud to be working with such a motivated team that is tackling a pressing problem facing society.
Founded: 2017
Key People: Co-founded by Bert Robertson and Keys Anon
Elevator Pitch: Developer of security platform designed for KYC authentication
Funding: The company raised $1.1 M of seed funding on September 15th, 2022 from undisclosed investors
Founded: 2018
Key People: Co-founded by Daniel Bock, István Lőrincz, and Christian Schunk
Elevator Pitch: Manufacturer of spacecraft propulsion systems intended to promote sustainability in space and on Earth
Funding: Raised $28 M of Series A funding on September 14th, 2022 in a deal led by Alpine Space Investors
Founded: 2020
Key People: Co-founder and CEO Piet Buyck
Elevator Pitch: AI-powered software designed to revolutionize the way organizations plan their supply chain by providing the capability to use digital insights
Funding: Raise EUR 3.5 M of venture funding on September 16, 2022 from SuperSeed, Scalebridge Capital, and Bosch Ventures
Ransomware gangs switching to new intermittent encryption tactic - BleepingComputer
Intermittent encryption is when only parts of a code are targeted, but it renders the data unrecoverable without the decrypt key
This poses a threat because it simplifies the process of holding data ransom
Chinese Investment Flows to Silicon Valley Venture Funds - WSJ
Economic ties between China and Silicon Valley remain strong despite political and national security risks
Chinese organizations and individuals have invested over $4.0 B in venture funds since 2010, and over $3.5 B in private equity
Important CIA Contributions to Modern Technology Over the Last 75 Years - CIA
The Lithium-ion battery, Google Earth, Landsat satellite spectrometry, and many other innovative inventions have ties to the CIA
CIA Labs helps to create private-public collaborations to spur innovation