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Zove Security’s AI Technology Unit Acquired To Protect High-Value Targets

Zove Security’s AI unit acquired, enhancing cyber defense for high-value targets with ZoveTrustAI technology

Malicious actors are leveraging AI to scale complex attacks at lower costs. The ZoveTrustAI platform protects critical individuals from sophisticated attacks and paves the path to autonomous defense.” — Akshay Aggarwal, CEO, Zove Security

SEATTLE, WASHINGTON, USA, June 25, 2024 /EINPresswire.com/ — Zove Security, a leading provider of emerging technology and information security capabilities, announced today that its AI technology unit has been acquired by a stealth firm, a subsidiary of a renowned global technology enterprise. The acquisition includes all technology assets, exclusive rights to the ZoveTrustAI platform, and Zove’s dedicated operations team. The integration of Zove’s assets into the acquiring firm will be completed over the third quarter of the calendar year. The financial terms of the acquisition are not being disclosed.

ZoveTrustAI: A Game-Changer in Cybersecurity

The deal encompasses the proprietary ZoveTrustAI platform, an artificial intelligence system for devices that merges generative models with personal context and threat reports. This unique solution delivers incredibly relevant and actionable intelligence, enhancing cyber risk management by combining on-device large language models (LLMs) and server-based models. During field trials, ZoveTrustAI successfully identified multiple instances of previously unknown active attacks, demonstrating its effectiveness in real-world scenarios.

A Fruitful Collaboration

For almost two years, Zove Security co-created the solution with the acquiring firm. This solution protects high-value targets (HVTs), including executives, celebrities, and other sensitive individuals from cybercriminals and adversarial state actors. This partnership has focused on active attack identification, leveraging the strengths of both organizations to develop and refine ZoveTrustAI.

Future Integration and Capabilities

Post-acquisition, ZoveTrustAI will be integrated into a security solution designed to manage cyber risk for high-risk individuals. This technology is poised to revolutionize fraud detection and cyberattack response by utilizing personal context and on-device LLMs to deliver autonomous defense mechanisms. With secure on-device data processing, it will ensure your privacy while providing robust protection. It is designed to be smart, adaptive, and always one step ahead.

CEO Statement

Akshay Aggarwal, Founder and CEO of Zove Security, stated, “Advancements in Artificial Intelligence (AI) are poised to significantly impact cybersecurity. For most enterprises, AI presents both threats and potential. Malicious actors are leveraging AI to scale complex attacks at lower costs. The ZoveTrustAI platform allows enterprises to protect their critical users from sophisticated attacks and paves the path to autonomous defense.”

About Zove Security

Zove Security secures the products and platforms that power innovation and underpin our digital lives. Their mission is Platform Trust through secure engineering and trusted operations, ensuring users trust the technology they use and the companies behind them.

About the Acquiring Firm

The acquiring firm, currently in stealth mode, is part of a leading global tech enterprise known for its innovation and premium consumer electronics, including smartphones, PCs, tablets, wearables, and a range of software and services.

GitLab acquires DevSecOps startups Peach Tech and Fuzzit

GitLab Homepage

GitLab has acquired a pair of startups as the DevOps giant doubles down on security support for development teams. While GitLab is perhaps better known for its GitHub-like collaborative code-hosting platform, the San Francisco-based company has been pushing deeper into the developer workflow, covering all facets of development, deployment, monitoring, and security.

The premise behind DevSecOps (developer security operations) is that developers should consider security a fundamental part of software development from the get-go, rather than building a product and then stress-testing it just before it ships. This process requires developer and security teams to work closely together.

GitLab has snapped up Peach Tech, a Seattle-based startup that specializes in software security testing. More specifically, Peach Tech offers a fuzz testing — or “fuzzing” — product that automatically throws invalid or random data at a computer program before it’s deployed to see how it reacts. This can help developers find bugs and other flaws that could be exploited by bad actors. The company also offers an automated DAST API security testing tool that enables companies to test their APIs against the OWASP Top-10 security risks. Additionally, GitLab has bought Tel Aviv-based Fuzzit, which offers a fuzzing service similar to Peach Tech’s. It’s all about “finding bugs and vulnerabilities before the bad guys do,” as the Israeli startup puts it.

Terms of the deals were not disclosed, but David DeSanto, director of product at GitLab’s Secure and Defend unit, confirmed that the Fuzzit and Peach Tech teams — including the founders — will join GitLab, and both startups’ standalone services will be wound down.

It’s also worth noting that the recent surge in remote work due to the COVID-19 crisis has cast a spotlight on cybersecurity, with officials from the U.S. and U.K. recently issuing warnings about the increased risk of hacking due to insecure machines on home networks.

“There is definitely a correlation between the global impact of COVID-19 and the need to implement security best practices,” DeSanto told VentureBeat. “As more organizations transition to remote work, both IT operations and security teams need to evaluate how developers access company resources securely. There is a need to evaluate principles like zero-trust and multi-factor authentication to enable your organization to securely work [remotely]. Furthermore, there has been a push to use more SaaS platforms, like GitLab, which support these principles.”

DevSecOps

GitLab has offered features aimed at security personnel for several years, and its dedicated security dashboard gives companies an overview of the various vulnerabilities across their projects and allows them to drill down into each one. With the launch of GitLab 12.0 last year, the company was ready to truly position itself as the platform for developer security teams.

Above: GitLab security dashboard

While Fuzz testing is an entirely new product offering for GitLab, the company does currently offer its own DAST API testing tool. Over the next six months, however, GitLab will replace its existing DAST API functionality with Peach Tech’s incarnation.

GitLab had made three known acquisitions before now, the last one back in 2018 when it procured Canadian cybersecurity startup Gemnasium, a platform that enables developers to address security vulnerabilities in open source code. The latest acquisitions are consistent with GitLab’s previously stated aim, which is to create an all-in-one platform for developers, security, and operations teams.

The goal with Peach Tech and Fuzzit is to integrate their various technologies into GitLab, meaning customers won’t need to use standalone fuzz testing services. It’s also one more reason for an enterprise client to upgrade to the Gold / Ultimate plan, the most expensive of GitLab’s subscription tiers.

“Fuzzit and Peach Tech will be completely integrated into GitLab and will be available as part of the GitLab platform,” DeSanto said. “Full integration has started, and GitLab users will begin to use these new technologies starting in July, with full integration expected to be done by the end of the year.”

GitLab raised $268 million at a $2.7 billion valuation back in September, and it’s currently gearing up for a planned IPO this November.


Original post is at VentureBeat

Accenture Acquires Deja vu Security, Seattle-Based ‘Security of Things’ Company

Acquisition gives Accenture Security a distinctive position in secure enterprise application and network development services

ARLINGTON, Va.; June 17, 2019 – Accenture (NYSE: ACN) is announcing the acquisition of Deja vu Security, a privately held company that specializes in security design and testing of enterprise software platforms and internet of things (IoT) technologies.

The Seattle-area company has become part of Accenture Security’s Cyber Defense offerings. Financial terms of the agreement were not disclosed.

Serving some of the world’s largest technology companies, Deja vu Security provides a full range of security services designed to strengthen business applications and increase cyber resilience by integrating security throughout the product development lifecycle. Founded in 2011, Deja vu Security brings to Accenture a deep expertise in the techniques, tools and methods for securing connected devices and IoT networks. The acquisition of Deja vu Security also builds on Accenture Security’s commitment to investing in and innovating next-generation cybersecurity solutions to help protect clients’ business from end to end.

Accenture has acquired Deja vu Security, ‘Security of Things’ company that specializes in security services to strengthen business applications from end to end by integrating #security throughout the product development lifecycle.

“For technology companies, third-party suppliers and consumers alike, IoT security controls often remain an afterthought — which is why it’s critical that security is built in from the start for any new products, processes or services,” said Kelly Bissell, senior managing director of Accenture Security. “Deja vu Security’s team of innovative specialists brings considerable technical cybersecurity skills, making them a strong strategic fit, and will help our clients reduce the risk of their connected solutions. We are very excited to welcome the Deja vu Security team to Accenture.”

High-profile cyberattacks continue to demonstrate how vulnerable enterprise networks can result in significant business disruption and financial loss. Recent Accenture research found that companies globally could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependence on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets.

Adam Cecchetti, Deja vu Security’s chief executive officer, said, “Today’s announcement is an exciting new chapter for Deja vu Security and our employees. Accenture’s people-focused culture and innovative mindset are core values that both companies share, and our unique capabilities complement each other perfectly. We are thrilled to be joining such a high-caliber global organization.”

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 477,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Accenture Security helps organizations build resilience from the inside out, so they can confidently focus on innovation and growth. Leveraging its global network of cybersecurity labs, deep industry understanding across client value chains and services that span the security lifecycle, Accenture protects organizations’ valuable assets, end-to-end. With services that include strategy and risk management, cyber defense, digital identity, application security and managed security, Accenture enables businesses around the world to defend against known sophisticated threats, and the unknown. Follow us @AccentureSecure on Twitter or visit us at www.accenture.com/security.


Original post can be found on Accenture’s Newsroom

Akshay Aggarwal

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