Israeli cybersecurity start-up awarded U.S. Homeland Security project

Morphisec will become the first international business to receive a grant from the S&T’s Financial Services Cyber Security Active Defense Technologies category.

By
October 10, 2018 21:40
2 minute read.
Israeli cybersecurity start-up awarded U.S. Homeland Security project

U.S. Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010.. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Beersheva-based cybersecurity startup Morphisec will work with the US Department of Homeland Security (DHS) to develop a cybersecurity defense solution for virtual desktop systems, the company announced Wednesday.

The DHS Science and Technology Directorate (S&T) will award a grant to Morphisec through its Silicon Valley Innovation Program to extend, deploy, test and evaluate its patented Moving Target Defense-based cybersecurity system for virtual desktop infrastructure, in an effort to prevent attacks on financial institutions.

Be the first to know - Join our Facebook page.


Morphisec will become the first international business to receive a grant from the S&T’s Financial Services Cyber Security Active Defense Technologies category.

Virtual desktop infrastructure refers to desktop operating systems which are hosted on centralized servers in data centers, allowing users to access their desktops from any location at any time. Today, approximately 10% of all enterprise desktops are virtual desktops.

Morphisec’s Moving Target Defense technology prevents threats to those systems, including advanced persistent threats, zero-days, ransomware, evasive fileless attacks and web-borne exploits.

The global virtual infrastructure software market is currently experiencing rapid growth. Worth approximately $5.26 billion today, the market is expected to reach $15.3 billion by 2023, according to KBV Research published in November 2017.

“We are extremely happy to be working with DHS S&T on this critical initiative so we can help improve how we defend and secure rapidly-evolving hybrid computing systems,” said Morphisec CEO Ronen Yehoshua.


“This is the first federal project and an important milestone for Morphisec – how fitting that it is with DHS S&T, one of the earliest institutions to single out Moving Target Defense as a critical defense approach for cybersecurity,” Yehoshua said.

Founded in 2014, Morphisec started its journey at JVP’s Cyber Lab incubator in Beersheba and the company has raised more than $20 million in funding to date – including backing from venture capital firms JVP, OurCrowd, Deutsche Telekom and GE Ventures.

“We see the selection of Morphisec, one of JVP’s leading cybersecurity companies, to support the DHS in protecting financial institutions as another indication for the strength of the Israeli cybersecurity eco-system and our methodology to build category leaders,” said Yoav Tzruya, General Partner at JVP.

The cooperation between Morphisec and the DHS is another recognition of Israel’s prowess in the global cybersecurity arena.

According to Start-Up Nation Central, Israel was the recipient of 16% of global private cybersecurity investments in 2017, amounting to $815 million in total. Only the US cybersecurity industry benefited from greater investment during the same period.

By the end of 2017, there were 420 active cybersecurity companies operating in Israel and a further 30 multinational companies with cybersecurity-related R&D centers in the country.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

A man holds a laptop computer as cyber code is projected on him
December 9, 2018
Karamba Security unveils automotive cyberdefense

By JERUSALEM POST STAFF