Friday 29 May 2015

RSA’s Innovation Sandbox 2015 to discover the next cyber security star

The conference is designed to showcase regional innovation, and will discuss cloud and data security, cyber investigation, law enforcement, among other things

Cyber security has always been an area of concern for governments and private organisations, including startups. Instances of government websites being hacked by terrorists and anti-national elements are increasing by the day, putting national security at risk. From retailers to healthcare, educational institutions to financial services — all companies are vulnerable to data breaches.

Threats aren’t restricted to specific geographic regions or types of businesses, either. Larger organisations, as well as startups, have to work with smaller suppliers and partners to protect all parts of the supply chain. No one is too small in the current security landscape and disruptive products have to be developed to address security threats.

Needless to say, cybersecurity is a headache that needs to be cured. It is with this backdrop that RSA Security — a leading computer and network security player — has been organising a number of conferences designed to encourage innovation in cybersecurity.

Innovation Sandbox Contest

RSA Security’s flagship event — Innovation Sandbox Contest — is dedicated to encouraging out-of-the-box ideas and the exploration of new technologies that have the potential to transform the information security industry. The 2015 event marks 10 years, since the event launched at RSA Conference 2005 as Innovation Station.

This year’s regional event — RSA Conference Asia Pacific and Japan 2015 Innovation Sandbox Most Innovative Start Up — will feature presentations from information security’s new rising stars, as well as demonstrations of their disruptive technologies. The conference is designed to showcase regional innovation, and will discuss topics such as cloud and data security, cyber investigation and law enforcement, governance and risk management, mobile security, security infrastructure, etc.

The shortlisted teams will have the opportunity to meet industry experts, senior-level business practitioners and thought leaders who can provide actionable feedback and guidance on the presentations they give on the day. In addition, teams will be offered a table-top exhibit to showcase their innovative solution alongside the biggest names in the cyber security field across Asia Pacific and Japan.

A representative from the winning team will also be offered a complimentary Full Conference Pass for RSA Conference 2016 (February 29 – March 4) in San Francisco, California, along with one round-trip economy flight to San Francisco and accommodation for the duration of the conference.

Realising the importance of cybersecurity

Every company, including early-stage ventures, needs a holistic security approach. Everything is interconnected, which means the threats are also linked, and we can’t just look at end-point security while neglecting user behaviour auditing. Organisations don’t have a clear picture of what kind of data they have, where they are stored, and how they are stored.

Startups are no exception. In March this year, Slack, a real-time messaging platform, was breached by hackers. Around the same time, US-based video streaming startup Twitch was also hacked. A year ago, TrueCaller, a global app directory, was hacked by hacktivist group Syrian Electronic Army, who openly released its database host ID, username and password on their official Twitter account.

These instances show that companies, irrespective of their size, are vulnerable to cyber attack. However, these incidents have prompted companies to give more importance to cyber security and they have started realising just how valuable all their files and pieces of information sitting around on their computers and servers are.

Recently, AlienVault (a developer and vendor of computer security hardware) surveyed more than 1,100 security professionals on the topic of ethics. The survey revealed that IT professionals use breaches as a way to get more money for security budgets. More than 20 per cent of respondents said they had seen their company hide or cover up a breach. 20 per cent of respondents admitted to steering auditors away from major security gaps during an audit.

The survey also found that more than half the security professionals use hacker forums or associate with black hats to stay up to date with the latest security threats and technologies. Considering the challenge security professionals face of protecting large and vulnerable security networks from nimble and faceless attackers, it’s not surprising they are willing to venture onto hacker forums to get the information they need. But it may be safer and more effective to talk with each other instead.

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