Mr. Raj Samani, McAfee, EMEA CTO, told us, "If I utter the words cyber, what is the term that springs to mind? In most cases they will be negative, such as crime, espionage, war, etc. However the reality is that this is only one side of the coin, and one term that is often forgotten is opportunity. Technology has transformed every industry, every person, every section of society. We have to recognize this and maximize the opportunities for the benefit of each of us, but do so in a way that reduces the risk to a level we are all comfortable with."
Mr. Carl Bradley, U.S. Navy (Ret.), Information Assurance & IT Security, Consulting & Intelligence Strategy, HP Enterprise Services, U.S. Public Sector, told us, "There are three key challenges our clients face today. First, cyber threats are ever-changing and becoming more sophisticated by the day. Cyber terrorism and targeted cybercriminal activities are directly impacting both the public and private sectors. They are persistent and yet, based on our research into exploit trends in 2014, attackers continue to leverage well known techniques to compromise systems and networks. Many vulnerabilities exploited in 2014 took advantage of code written many years ago and adversaries continue to leverage classic avenues for attack against client-side and server-side applications. Anti-virus signatures only catch approximately 45 percent of cyber attacks -- a truly abysmal rate. In our review of the 2014 threat landscape, we find that enterprises most successful in securing their environment employ complementary protection technologies. These technologies work best when paired with a mindset that assumes a breach will occur instead of only working to prevent intrusions and compromise from the perimeter. So our clients' security posture must be agile and responsive to better defend against threats -- internal and external -- in addition to vulnerabilities, in order to mitigate their risk".
ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has issued financial results for the second quarter ended June 30, 2015, as well as a corporate update to highlight the company's progress since its last quarterly update on May 11, 2015.
Operational Highlights
Awarded patents by the Canadian Intellectual Property Office and Patent Office of Australia for technology used in ImageWare's multi-modal Biometric Engine® product.
Signed agreement with OnlineAuction.com to provide ImageWare's patented GoVerifyID® mobile biometric security software to 200,000 online auction members, beginning August 2015.
Signed a three year licensing agreement with Lockheed Martin under which ImageWare will integrate its patented Biometric Engine into the Lockheed Martin cloud-based multimodal biometric IDHaystack® Identity as a Service Platform.
Management Commentary
"ImageWare's strategy to target large IT service providers and deliver security for their cloud and mobile customers remains on track," said Jim Miller, ImageWare's chairman and CEO. "Ultimately our model is dependent upon our partners, and we have formed very significant relationships with Fujitsu, TransUnion, CA Technologies, IBM, Deutsche Telekom, Agility, Extenua, and more recently, with Lockheed Martin and Online Auction. All of these partners have now moved from the testing to integration phase and some are even moving to the launch of aggressive marketing campaigns.
"These companies see and live in the same world as we do -- a world that saw 50% of all organizations experience some form of data breach in the last 12 months, with two-thirds of those breaches involving the compromise of pins and passwords. So we have the right products in the right place at precisely the right time. We believe that we are now at the start of large consumer adoption and that our technology will be front and center as that rollout commences."
Mr. Phil Hartstein, President & CEO, Finjan Holdings, told us, "As we look ahead to the emergence of the Internet of Things (IoT), experts estimate that there will be 20-50 billion devices connected to the internet. All of these IoT devices are nothing more that miniature computers with internet access. More devices connected to the internet could lead to more ways for an intelligent hacker to gather data and personal information or even as a gateway to larger hacking prizes. Protecting the networks and devices that use these services and carry data will become increasingly vital since decision making in the evolving IoT world is often done without human intervention."
Mr. Brian Brunetti, President, Route1, told us, "Our flagship technology is MobiKEY, a mobile access solution that uses comprehensive multi-factor authentication and identity management to securely connect an organization's assets with its employees, mobile workers, and contractors. Secure mobile access to any asset on any network using any device. MobiKEY means freedom for an organization's team members to remotely connect to enterprise assets with zero change to their workspace environment. Additionally, the use of MobiKEY means an organization can enjoy robust secure mobile access without compromising the enterprise's integrity - no malware, no data spillage and no network breaches."
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