New post added at News Channel 365 - Cybersecurity Startup Area 1 Aims to Stop Attacks Like Sony’sSource: xconomy - Friday, December 19, 2014 Bernadette Tansey If venture firms still had any doubt about the cybersecurity field as a good prospect for investors, the ongoing wreckage inflicted by hackers on entertainment giant Sony over the past month may put those doubts to rest. Sony has seen everything from corporate salaries to its executives’ snide e-mail comments about President Obama and Angelina Jolie exposed by the hackers’ leaks. It has just canceled release of “The Interview,” the film that was the apparent target of the computer network invaders. It didn’t take a catastrophe on the scale of Sony’s, however, to get some VCs interested in the field. Kleiner Perkins Caufield & Byers general partner Ted Schlein, who came to KPCB after helping Symantec develop its commercial anti-virus software, has since backed a roster of security software startups. His latest bet is Menlo Park CA-based Area 1 Security , whose $8 million Series A financing, led by Schlein, was announced on a mid-December day when Sony was writhing under an onslaught of news stories mined from millions of formerly guarded company documents and e-mails. Area 1 CEO Oren Falkowitz (pictured above) says he co-founded the company in 2013 to concentrate on the crucial first steps in such a major cyber attack—the moment that even a single company employee clicks on a dicey link and unwittingly opens a doorway to intruders eager to install malware. “It only takes one,” says Falkowitz, who learned to obserAll Related
Posted on: Sat, 20 Dec 2014 11:57:30 +0000
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