The BioConnection | Cloud Startup Million Dollar Funding, Google Security Improvements and More

Posted by Christina Cardella on 25 November 2019
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Stat of the Week

The top malicious email attachment types are .doc and .dot which make up 37%, the next highest is .exe at 19.5%. via Internet Security Threat Report.


Cloud-Security Startup, Clumio, Raises $135 Million

Clumio Inc., a two-year-old cloud-security startup, said it’s raised $135 million in a Series C funding round. The company is planning on expanding to help corporations with data protection.

What is so special about cloud services?

It's just the future of enterprise operations globally. The funding reflects a growing demand for what is commonly known as software as a service, or SaaS, which allows customers to use software without having to install it on their own computers or managing personal  data centers. Clumio focuses on helping companies and governments to back up and protect their data.

“Next-gen enterprises are going to be built entirely on the cloud and data will be their most valuable asset,” Poojan Kumar, chief executive officer and co-founder of Clumio, said. “In data protection, we are taking a Salesforce-type of approach instead of an Oracle-like one.”

More on Cloud Services and SaaS

The international market for SaaS applications is expected to jump to $185 billion from 2022 from $100 billion in 2018, according to researcher IDC. The data protection as a service market, including backup and disaster recovery cloud services, is projected to grow to $10 billion by that year.

Read More about This from Venture Beat

Biometrics Veteran and former MorphoTrust CTO joins Aware

The executive overhaul at Aware is still ongoing as the company announced it has given the role of Chief Technology Officer to Mohamed Lazzouni as of November 19, 2019.

Lazzouni is a seasoned executive, with extensive industry experience in leading research and product development teams in projects related to biometrics, authentication, and identity.

What does Mohamed have to say?

“I’m excited to be taking on the role of Chief Technology Officer at Aware. I have extensive experience in leading research and development teams in the areas of biometrics, authentication and identity,” Lazzouni said. “I have great respect for the engineering team at Aware and the work they have done in developing industry-leading biometrics software solutions for governments, system integrators and solution providers worldwide. I look forward to working together in bringing forth innovative product solutions to enable our customers to solve their business challenges through the use of Aware biometrics.”

What other executive shifts have happened at Aware this year?

Back in September, Aware announced the appointment of Eckel, a former executive at Idemia, as President and CEO, with former CEO, President, and General Counsel Kevin T. Russell becoming Chief Legal and Administrative Officer. Two weeks later, the company appointed company veteran Robert M. Mungovan as Chief Commercial Officer.

Why would a company change nearly en entire leadership team?

The need for new leadership in a company happens for a variety of reasons. Although there has not been any statement made about this from Aware, it is likely the company was in need of a change.

Read More Here

Google Cloud Gets a Security Face-lift

Google has announced new tools and services as the internet giant doubles down on enterprise security across its cloud products and services.

The announcements were made in London, U.K. at its annual Google Cloud Next conference.

Can I get the Spark Notes version of the new tools?

External Key Manager - launching in beta shortly and works together with Googles' Cloud KMS (key management service) for uses to manage their cryptographic keys used for cloud services. “External Key Manager provides an audit trail of key access, use, and location, so you can document crypto operations for auditors to support your governance and compliance processes,” noted Sunil Potti, VP of engineering at Google Cloud Security, in a blog post.

Google Cloud Armor Improvements -added web application firewall (WAF) smarts. Also, the ability to configure policies with geo-based access controls and protection rules to counter risks, including cross-site scripting (XSS), injection, broken authentication, and other prominent risks, according to the Open Web Application Security Project (OWASP).

Read More about the Story Here


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