EDP, One of Europe's Major Electricity Operators, Completes a Strategic Investment in the Cybersecurity Company Sepio Systems

TEL AVIV – March 4, 2019 – Energias de Portugal, which ranks among Europe’s major electricity operators, and is one of Portugal's largest business groups has completed a strategic investment in the Israel- and US-based cybersecurity company Sepio Systems. EDP is a vertically integrated utility company that has electricity, gas and renewable energy operations in 16 countries and EDP Renewables is the fourth wind power operator worldwide.

EDP is expanding partnerships in Cyber Security to further strengthen connectivity and resilience that are vital to the infrastructure, and advance new business opportunities. Over the last couple of years, attacks on critical infrastructure have surged, and the potential repercussions are significant. A loss of data is concerning, but a loss of electricity is catastrophic to both businesses and society.

“Sepio’s approach to protecting enterprises against attacks arising from rogue devices is very creative and a well-executed idea in the cybersecurity space, and we were even more impressed after experiencing it firsthand.” Said Luis Manuel, Board Member at EDP Ventures. “The software provides granular visibility into our assets and, best of all, allows us to define and enforce a security policy for hardware devices. We believe Sepio is well-positioned to protect assets in both the IT and OT domains and we look forward to supporting Sepio Systems to help them grow further.”

Also participating in the investment are Mindset Ventures, an international Venture Capital firm that supports the growth and development of innovative companies that provide solutions to the relevant markets in Latin America, and the existing investors – Pico Venture Partners and Founders Group.
The partnership with EDP will help Sepio Systems accelerate the development and deployment of Sepio’s Rogue Device Mitigation solution among utilities, financial institutes, and large enterprises in Europe.
Sepio Prime is the world's first end-to-end solution that offers comprehensive mitigation of hardware-based attacks, including rogue peripherals, invisible network devices, and manipulated firmware. Sepio Prime has been successfully deployed in over 20 mid-sized to large banks, insurance, and telecom companies in the U.S., Singapore, Brazil, and Israel. The current install base secures over 600,000 workstations and network ports.

“The massive cyber-attacks and data breaches we see lately are due not just to the rise of cybercrime but also to the ease of getting hold of attack tools that were accessible to governments and intelligence organizations until only few years ago”, said Iftah Bratspiess, CEO of Sepio Systems. “We founded Sepio to help organizations address the rapidly growing threat of malicious hardware devices. By applying deep intelligence and hardware fingerprinting technology we can instantly and accurately detect and identify manipulated peripherals and network devices.”

Mr. Bratspiess added, “Having a top global vertically integrated utility such as EDP invest directly in Sepio is not only a vote of confidence in the company, but a testament to the significant risk organizations see in the uncontrolled use of hardware devices. In addition, the support and network of Mindset Ventures provides a huge leap forward in successfully engaging with top tier companies in Brazil. The new funding will fuel our technology roadmap as well as the expansion into new verticals and territories.” 


About EDP Ventures

EDP Ventures is the corporate venture arm of EDP group, an early-stage venture capital mainly focused in Seed and Series A, aiming to support and stimulate the open innovation process in the energy sector. Currently managing +70M€, EDP Ventures looks for disruptive technologies and business models focusing in Renewable Power technology, Smart Grids, Energy Efficiency, Electric Mobility, Energy Storage, AI and ML, Cybersecurity, Digital and Predictive analytics. It is located in Lisbon and São Paulo.
For more information visit www.edpventures.vc

About Mindset Ventures

Mindset Ventures is an international Venture Capital firm with investment focus primarily in the United States and Israel. We support the growth and development of groundbreaking companies by providing them with access to advisors and potential clients, especially in Latin America.
For more information visit https://mindset.ventures/ .

About Sepio Systems

Sepio is disrupting the cyber-security industry by uncovering hidden hardware attacks. Sepio Prime provides security teams with full visibility into their hardware assets and their behavior in real time. A comprehensive policy enforcement module allows administrators to easily define granular device usage rules and continuously monitor and protect their infrastructure. Leveraging a combination of physical fingerprinting technology together with device behavior analytics, Sepio's software-only solution offers instant detection and response to any threat or breach attempt coming from a manipulated or infected element.
For more information visit http://sepio.systems

Media Contact:
Alon Mlievski
alon@meirovitch.com 
Meirovitch Public Relations, PR agency for Sepio Systems 
+972-77-2129988 

Sepio Systems Introduces an End-to-end Solution That Protects Organizations Against Rogue Hardware Cyber-attacks

GAITHERSBURG, MARYLAND – January 30, 2019 – Sepio Systems, a leader in the Rogue Device Mitigation (RDM) market, introduces the next generation software solution that offers comprehensive mitigation of hardware-based cyber-attacks. The advanced mitigation capabilities protect against manipulated peripherals, transparent network devices, and firmware vulnerabilities.

Sepio's solution has been deployed in over 20 mid-to-large banks, insurance, and telecom companies in the U.S., Singapore, Brazil, and Israel. The current install base secures over 600,000 workstations and network ports.

Rogue device cyber-attacks are rapidly growing as demonstrated by recent reports of European banks losing tens of millions of dollars after hackers implanted hardware attack tools that compromised the secured infrastructure.

"These attacks are just the 'tip of the iceberg' as most remain undisclosed," said Yossi Appleboum, CEO of Sepio Systems Inc. "In many cases, hitting an organization is as simple as replacing a trusted peripheral with a manipulated one. For example, we discovered multiple Raspberry Pi computer modules, that include wireless connectivity, implanted in keyboards that were used for exfiltration attacks. The implant was emulating keyboard keystrokes to infect the workstation and steal data and was running undetected before Sepio's RDM was deployed."

In another incident, an off-the-shelf network router was used for infiltrating a Tier 1 bank. This tiny device was plugged in-line between a printer and the enterprise network, allowing covert remote access into the bank's IT systems. Sepio's software was able to trace this rogue device based on its physical fingerprint.

"Manipulated devices, intentionally used by insiders or socially engineered employees, are causing significant damages. We also witness an increasing number of penetrated uncontrolled supply chains that deliver infected equipment," said Appleboum. "While companies were focused on their software cyber risks, they overlooked the threat coming from their hardware. Users can not install unregulated software on a corporate computer but can easily connect an uncontrolled hardware accessory."


About Sepio Systems

Sepio is disrupting the cyber-security industry by uncovering hidden hardware attacks. Sepio Prime provides security teams with full visibility into their hardware assets and their behavior in real time. A comprehensive policy enforcement module allows administrators to easily define granular device usage rules and continuously monitor and protect their infrastructure. Leveraging a combination of physical fingerprinting technology together with device behavior analytics, Sepio's software-only solution offers instant detection and response to any threat or breach attempt coming from a manipulated or infected element.

For more information about Sepio Systems solutions and supply chain attack risks, visit www.sepio.systems, call +1 (240) 660-8690 and follow us on LinkedIn .

Media Contact:
Alon Mlievski
alon@meirovitch.com 
Meirovitch Public Relations, PR agency for Sepio Systems 
+972-77-2129988 

Cybersecurity Pros Cover Vital Cyber Practices

Cybersecurity Protocol Requires Continual Scrutiny and Updating

GAITHERSBURG, MD, USA, September 17, 2018 - “Gaithersburg Economic Development, the State of Maryland’s Department of Commerce and the Technology Development Corporation of Maryland (TEDCO) helped organize a cybersecurity panel for small and medium sized business owners.” 

“Top cybersecurity experts from the University of Maryland's Center for Health and Homeland Security and Maryland-based cybersecurity firms have banded together to help protect local businesses from hacking. That was the hot topic at a panel discussion yesterday hosted by Launch Workplaces and sponsored by local and state economic development professionals. 
Major themes included the importance of protecting clients and the supply chain. In the words of one panelist, "You're only as strong as your weakest link." Panelists said cybersecurity protocol requires continual scrutiny and updating.

Panelists included:
Markus Rauschecker, J.D. CyberSecurity Program Director
University of Maryland Center for Health and Homeland Security 
Ira Kolmaister, President, Network Alarm Corporation
Yossi Appleboum, CEO, SEPIO Systems
Ken Stalder, CEO, Sherpas Cyber Security Group

Moderator, Ellen Cornelius, Senior Law & Policy Analyst
University of Maryland Center for Health and Homeland Security

The panel discussion began at 3:30 with a networking with wine tasting from 5:00 until 6:30.

The entire panel discussion is available on Vimeo: https://vimeo.com/album/5420347

Ed Obendorfer and Brendan Salvo, both from Blackpoint Cyber, each won a bottle of premium wine from Knob Hall Winery during the networking/wine tasting reception conducted by Laura Rhode of Brand Market--both bottles rated at 92 points and Gold Medal Winners of the MD Governor’s Cup. “


Ira Kolmaister
Network Alarm Corporation
(301) 807-8135
email us here

20 Finalists Chosen for 2018 Combating Terrorism Technology Startup Challenge

The contest received 210 entries, which is double the number of entries received in the last challenge, held in 2016. 130 of the entries were for the General Technologies track, and 80 were for the Urban Navigation track (technologies for navigating without GPS). The startups will vie for prizes of $220,000

Sepio Joins the Global Cyber Alliance, Sepio's CEO Announced as Ambassador

FOR IMMEDIATE RELEASE

GAITHERSBURG, MARYLAND – May 31, 2018 – “We are happy to join the Global Cyber Alliance (GCA),” said Gregory Poch, Sepio's VP of Sales. “The GCA generates a dialog between government, industry and users that allows exchange of ideas and discussions on current and future challenges", added Mr. Poch.

Earlier today, the GCA announced the installation of eight industry leaders to serve as GCA Ambassadors who will further the mission of eradicating cyber risk. These individuals were chosen because of their tremendous reputations in the cybersecurity community and their commitment to making a positive difference in addressing cyber challenges.  

Sepio's Co-Founder and CEO, Mr. Yossi Appleboum is one of these ambassadors, "I'm honored to serve as a Global Cyber Alliance Ambassador and have the opportunity to help in build an ecosystem that connects between the GCA, government and industry for creating a better secured society. I am looking forward to contributing my experience in building robust cybersecurity platforms and promoting them to the current GCA products such as Quad9 and the DMARC Setup Guide and to the future ones.", said Mr. Appleboum.

 


About Sepio Systems

Sepio Systems is the leader in securing organizations against attacks via rogue hardware devices. Sepio Systems is led by cyber security experts from private sector and government agencies. Senior members include Mr. Tamir Pardo, the former director of the Israeli Mossad, Mr. Robert Bigman, the former CISO for the CIA and Mr. Geoff Hancock the former CISO for the DOD. Sepio Systems is headquartered in Maryland, with offices in South Carolina and Michigan, and a research and development center in Tel-Aviv.

For more information about Sepio Systems solutions and supply chain attack risks, visit www.sepio.systems, call +1 (240) 660-8690 and follow us on LinkedIn .

Media Contact:
Brian Kelley

BKelley@AboutSage.com (for Sepio Systems)
703-533-1618

Sepio Systems Solution to Prevent ATM Jackpotting Attacks

FOR IMMEDIATE RELEASE

GAITHERSBURG, MARYLAND – February 13, 2018“Sepio’s software suite can prevent the recent ATM Jackpotting attacks,” said Robert Bigman, a senior advisor to Sepio and the former Chief Information Security Officer for the Central Intelligence Agency. “The recent attacks are a painful demonstration of the ease of executing cyber-attack after gaining physical access to IT equipment. The current approach to ATM security is insufficient. Integrating cyber-physical security components is a necessity," added Mr. Bigman.

ATM Jackpotting attacks have been around for a while, mostly in South America and Africa. Recent developments and warnings coming from the U.S Secret Service confirm that this type of cyber-crime is now widely happening in the US as well.

The described attack goes through the process of infecting the ATM with the Ploutus.D malware, and then maintaining remote access capabilities to trigger the cash spitting. All Jackpotting attacks, require physical access to the ATM to connect USB device. Keyboard emulator, detachable media and wireless interface are used for infecting the machine.

“Sepio’s software suite prevent these attacks by blocking any malicious hardware from being connected. Our solution alerts when a new device is connected before the attack starts,” said Greg Poch, Sepio Systems Vice President of Sales. “Our clients find our solution effective and easy to maintain,” added Mr. Poch.


About Sepio Systems

Sepio Systems is the leader in securing organizations against attacks via rogue hardware devices. Sepio Systems is led by cyber security experts from private sector and government agencies. Senior members include Mr. Tamir Pardo, the former director of the Israeli Mossad, Mr. Robert Bigman, the former CISO for the CIA and Mr. Geoff Hancock the former CISO for the DOD. Sepio Systems is headquartered in Maryland, with offices in South Carolina and Michigan, and a research and development center in Tel-Aviv.

For more information about Sepio Systems solutions and supply chain attack risks, visit www.sepio.systems, call +1 (240) 660-8690 and follow us on LinkedIn .

Media Contact:
Brian Kelley

BKelley@AboutSage.com (for Sepio Systems)
703-533-1618