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Magic Leap buys Israeli NorthBit to enhance their cyber security

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Florida-based Magic Leap, one of the companies considered to be at the forefront of augmented reality, is reported to have scooped up NorthBit, an Israeli software solutions provider.

At this point, the sale price does not appear to have been made public.

NorthBit was co-founded in 2012 by CEO Gil Dabah and CTO Ariel Shiftan. While not strictly a cyber security firm like many other companies in the Startup Nation, NorthBit garnered some press last month when they announced that they had successfully hacked Android’s OS using the Stagefright exploit, highlighting the risk of remote hacks on over 95% of devices running the software.

Not much is known about the secretive Magic Leap other than the fact that they are laying the groundwork for the next generation of augmented reality. Despite this ambiguity, they have raised a significant amount of capital. Their Series C round that was finally announced back in February brought in $793.5 million worth of funding, bringing them to a very impressive valuation of $4.5 billion.

Perhaps equally as impressive is their list of investors. In the Series C round, they pulled into their roster of backers big names like the Alibaba Group out of China, along with return investments from Google Inc. and Qualcomm Ventures. Other new investors for that round included Warner Brothers, Fidelity Management and Research Company, Morgan Stanley, JPMorgan, and Andreessen Horowitz.

It makes a significant amount of sense that Magic Leap would look to bolster their cyber security capabilities, given the massive potential for the multiple uses of augmented reality technology.

Beyond the basic need to protect the account information of folks using the technology for games, augmented reality is already being spoken about in the future of commerce, medical technology, and communication just to name a few of its possible uses.

As Magic Leap continues to hone in on their final product, we can expect more acquisitions that will help the company to augment their capabilities. One company that is building relevant technology is DeepOptics with their liquid crystal lenses that can adjust their composition to meet the needs of the wearer. This helps deal with issues in AR and VR where the brain has difficulty making sense of what it sees in front of it through images, conflicting with its other senses.
Source:http://www.geektime.com/2016/04/14/augmented-reality-leader-magic-leap-buys-israeli-northbit-to-enhance-their-cyber-security/

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Israeli firm in spotlight after FBI’s iphone hack

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Source: National Cyber Security – Produced By Gregory Evans

Israeli firm in spotlight after FBI’s iphone hack

PETAH TIKVA, Israel (CNN) — The legal fight between Apple and the FBI over a terrorist’s smartphone has put another company, an Israeli tech firm, into the spotlight. Four months after the San Bernardino terrorist attack, the iPhone 5c of one of the shooters remained a critical but inaccessible piece of evidence. An ugly legal battle between the FBI and Apple suddenly ended when the FBI found a different way to get into the iPhone. An Israeli newspaper, citing industry sources, said the company that did the work was called Cellebrite. Cellebrite is based in a high-tech park just outside of Tel Aviv. Neither the FBI nor Cellebrite have confirmed the company’s involvement, but Cellebrite specializes in mobile device data extraction and decryption — hacking phones. That’s exactly what the FBI needed in this case. CNN reached out to Cellebrite and the FBI repeatedly. Cellebrite didn’t return the calls, and the FBI wouldn’t comment about the company. The FBI has said only that they used an “outside company.” The FBI signed a $200,000 contract with Cellebrite the same day the FBI announced it had gained access to the content in the shooter’s phone. Shares of Cellebrite’s parent company soared. At […]

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Israeli Court Recognizes Interfaith Lesbian Couple as Mothers of Each Other’s Children

For the first time in Israel, a court has issued a ruling recognizing an interfaith lesbian couple as the mothers of each other’s children, Haaretz has learned. The ruling came at the request of the two women years after their daughters were born.
They were unable to adopt each other’s children because the law requires that the adoptive parent and the child be of the same religion, which, in this instance, was not the case.
When that effort failed, the women, one of whom is Jewish and the other Christian, sought a court ruling declaring them parents of their partner’s children. The way was paved for such a ruling earlier this year, when, in a precedent-setting opinion, Attorney General Yehuda Weinstein declared that the state was withdrawing its opposition to recognizing women in same-sex relationships as the parents of one another’s biological children without requiring a formal adoption.

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Huge recent hack attack said to target mainly Israeli servers

Source: National Cyber Security – Produced By Gregory Evans

A new round of hacking attacks is being directed specifically against Israel, cyber-security giant Check Point believes. The exploit, which uses infected Microsoft Word documents to insert malicious code into a user’s computer, “appears to be politically motivated, instigated against a particular nation-state,” the company said. With that, said the company, the identity of the hackers behind the attack is unclear, and may never be known, because it is almost impossible to trace such attacks back to the original server that issued them. And, while Check Point would not name the specific targets of the attack, it said that they included Israeli public (i.e., government) and private organizations, and that the attacks had been going on “for some time.” “There are many reasons campaigns can end up with a lopsided geographical distribution of infection victims; that, alone, does not necessarily imply a ‘targeted campaign’ scenario,” said the company. “However, this case was different. Israeli targets were not just over-represented; the list of targeted Internet addresses contained a number of Israeli government agencies, security industry firms, municipal agencies, research institutions and even hospitals. In total, over 200 machines and 15 distinct Israeli firms and institutions were targeted.” The role of defense, […]

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Israeli cyber start-up Checkmarx nets $84m investment

Source: National Cyber Security – Produced By Gregory Evans

raeli cyber-security start-up Checkmarx announced Thursday that it had received an $84 million investment from New York-based venture capital and private equity firm Insight Venture Partners. The new round of capital will be primarily used to further accelerate growth through product innovation and global expansion. Details of the deal were not disclosed. Reports in the Israeli media earlier in the week depicted the investment as a “buyout” of Checkmarx, with Insight, a venture capital firm worth $10 billion, acquiring as much as three quarters of the company. The company did not comment on its equity arrangements with the new investor. Checkmarx is a good investment regardless of who is running the company. Revenue is up 100% so far in 2015 over last year, and the company currently serves over 700 customers worldwide including Salesforce.com, the US Army, Samsung, Deutche Telekom, Deloitte, PwC, Atlassian, LivePerson, and Playtech — all of which use the company’s technology to check their in-house software. Checkmarx tries to deal with a major problem in the information technology world. Many studies indicate that programmers and tech staff just don’t “get” the importance of security. One study by IT computer security consultancy and training firm 7Safe, for example, […]

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Hacker group Anonymous threatens to target Israeli websites

Hacker group Anonymous threatens to target Israeli websites

Intended cyber attack on banking and defense sites is touted as Anonymous’ answer to “the ongoing Israeli attacks on the Al-Aqsa mosque” • Security expert: These types of threats are frequently made and in most cases the damage is minor. […]

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Israeli hackers ‘scary talented,’ says security expert

Israeli hackers ‘scary talented,’ says security expert

Israeli hackers are young and scary — scary talented, that is. That’s the observation of a man who knows what hacking is all about. Antonio Forzieri. EMEA Cyber Security head for security firm Symantec. “I’ve seen hackers at work all […]

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Israeli firm busts 13-year-long Europe hack attack

Source: National Cyber Security – Produced By Gregory Evans

Israeli firm busts 13-year-long Europe hack attack

One of the biggest and certainly longest-living professional hacking operations in the world is history — thanks to an Israeli company that discovered that thieves have been using a single system to break into computers for more than a decade. […]

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Hack Attack! Anonymous strikes at Israeli govt over Gaza

Source: National Cyber Security – Produced By Gregory Evans

Hack Attack! Anonymous strikes at Israeli govt over Gaza

Hacker collective Anonymous has taken down key Israeli government websites in a “retaliatory” attack against Israel and in solidarity with the people of Gaza. Israel Defense Forces, Bank of Israel, and the Israeli PM’s Office were among the targets. Others […]

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