Published On: Fri, Sep 19th, 2014

Israeli CyActive Receives Funding from Siemens

cyactive

Israeli cybersecurity firm CyActive has received an investment of an undisclosed amount from the venture capital segment of Siemens. The technology is proactive and designed to predict ways hackers will adjust their malware to get past security blocks.

Ralf Schnell, chief executive of the venture capital segment of Siemens, said, “We see broad potential across major industries and are particularly excited by its approach to securing industrial and utilities assets.” Siemens is in the process of investigating and testing the technology.

CyActive CEO Liran Tancman said that 98% of malware is a variation of malware that is already out there, and added, “Hackers will have to invest hundreds of millions of dollars to reinvent their attack chain. For the first time, it will put the burden on the attacker rather than the defender.” CyActive will use the funding to increase research and development, marketing and expand the company.

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