Story image

Aussie cybersecurity firms drumming up a storm at local tech summits

16 Apr 18

Australian-grown cybersecurity firms including Kasada, QuintessenceLabs and deception.ai have all been drumming up a storm at Australian tech summits over the last week – here’s a glimpse of what they have been up to.

NSW-based cybersecurity startup Kasada has taken its expertise to the fight against malicious bots by showcasing a public bot bricking demonstration at the AWS Summit’s Metropolis of the Future expo.

The company, which designed a platform called Polyform to turn attacks against customer apps back against hackers, and to take bots offline. The demonstration showed how Kasada distinguishes automated bot attacks from legitimate users in real time.

 “Among our customers, we see as much as 90 percent of web traffic made up of bots -- and that’s just malicious bots,” comments Kasada founder and chief executive officer Sam Crowther.

He believes that bots can tie up a company’s bandwidth and cloud computing resources, saying that, “Not only does this waste money, it distorts marketing and web analytics.”

Since 2015, the company has made a name for itself by stopping malicious automation. Malicious automation can come from Application DoS, to content scraping, account takeovers, and other malicious file types.

The company recently secured $2.5 million in seed funding from venture capital firms Our Innovation Fund and the Reinventure Group. The company is now eyeing the US market for expansion.

At the ACSC conference last week, QuintessenceLabs and deception.ai teamed up to combine decoy technology with quantum technologies to create a cybersecurity solutions.

“We are excited to announce a partnership with QuintessenceLabs to push the edges of innovation in cyber security” comments deception.ai CEO Ben Whitham.

“Our partnership with QuintessenceLabs enables us to address a significant scientific challenge in this field.”

QuintessenceLabs and deception.ai have origins in the AustCyber program, as well as through ACT government initiatives.

“We are looking forward to working together with the team at deception.ai to create a unique solution to overcome a major cyber security issue and we are grateful to Canberra Business Chamber, the ACT Government and AustCyber for supporting this partnership,” adds QuintessenceLabs CEO Vikram Sharma.

According to ACT Chief Minister Andrew Barr, the partnership between QuintessenceLabs and deception.ai and conferences such as the ACSC show that Canberra is a cybersecurity hub.

“Canberra’s growing tertiary education industry, as well as our proximity to the Federal Government provides great opportunities for companies like QuintessenceLabs and Penten to grow,” comments Barr.

Both QuintessenceLabs and deception.ai are attending the RSA Conference in San Francisco this week.

Australian businesses get serious about SD-WAN
"SD-WAN is doing to enterprise networks what virtualisation did to enterprise data centres almost a decade ago, but it's happening much faster."
How to keep network infrastructure secure and available
Two OVH executives have weighed in on how network infrastructure and the challenges in that space will be evolving in the coming year.
White box losing out to brands in 100 GE switching market
H3C, Cisco and Huawei have all gained share in the growing competition in the data centre switching market.
Gartner names newcomer Exabeam a leader in SIEM
The vendor landscape for SIEM is evolving, with recent entrants bringing technologies optimised for analytics use cases.
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
How Fujitsu aims to tackle digitalisation and the data that comes with it
Fujitsu CELSIUS workstations aim to be the ideal platform for accelerating innovation and data-rich design.
Genesys PureCloud generates triple-digit revenue growth year on year
In Australia and New Zealand, the company boosted PureCloud revenue by nearly 100%.
Symantec releases neural network-integrated USB scanning station
Symantec Industrial Control System Protection Neural helps defend against USB-borne cyber attacks on operational technology.