Cyber Security
Entrust Builds Electronic Signature and ID Verification Capabilities with Evidos Acquisition
Entrust has announced the acquisition of Netherlands-based Evidos, an innovative leader in cloud-based electronic signatures and identity verification solutions. The acquisition advances Entrust as a global player in the fast-growing $2.3 billion markets for trusted electronic signatures, a key element of digital transformation. The terms of the deal were not disclosed.
Based in the Netherlands and founded in 2008, Evidos has approximately 35 employees who will join the Entrust team with the acquisition, including co-founders Kick Willemse and Zivko Lazarov. Evidos has innovative technology and extensive business in Europe, with more than 2,000 customers and millions of users of its solutions.
As a global digital security leader, Entrust offers a unique portfolio that includes all the key elements necessary for e-signature solutions, including e-signature workflow, PKI, hardware security modules (HSMs), digital certificates, and signing servers, and timestamp authority (TSA).
“Security empowers enterprises to transform with confidence. Digital life demands that organizations provide trusted digital-first transactions, from opening bank accounts to applying for government services. Our intention at Entrust is to be a global player in digital signature solutions, built on a platform of security and trust.” said Todd Wilkinson, CEO of Entrust. “Evidos has a talented team that has built successful solutions for small businesses to large enterprise and government customers, and we are excited to work with them to accelerate the growth of Entrust in the e-signature market.”
The Evidos solution makes it easy to adopt all-digital workflows for verifying identities, and executing compliant, trusted documents. This is ideal for finance, banking, real estate, the workplace, and other transactions that require trust and benefit from streamlined digital workflows. “Our mission at Evidos has always been to make identified signing available anytime, everywhere, for anyone, to contribute to a trusted digital world. Joining Entrust will accelerate this mission on a global scale and empowers our electronic signing platform with trusted digital security solutions from Entrust,” said Kick Willemse, CEO of Evidos.
The acquisition combines Evidos cloud-based electronic signature workflow solutions with secure certificate-based digital signature solutions from Entrust. Customers now can obtain end-to-end, cloud-based electronic signature solutions from Entrust, including basic electronic signatures, advanced electronic signatures, and qualified electronic signatures. With a complete, eIDAS-aligned workflow that takes the user from start to finish in their e-signature journey, these solutions will ensure that documents signed using this offering would ensure the identities of the signers and be evident if altered in transit.
“We are excited about our acquisition of Evidos. Looking at the opportunities ahead, Entrust will continue to enhance its electronic signature and digital signing capabilities to provide the most seamless customer experience and the highest levels of security and compliance as businesses migrate to digital workflows,” said Sam Morcos, Senior Vice President, Certificate Solutions at Entrust.
Cyber Security
AmiViz Champions Cybersecurity Innovation at Leading MENA Events
AmiViz has announced its successful participation in two key regional cybersecurity conferences: MENA ISC 2024 in Saudi Arabia, and CYSEC UAE 2024 in the UAE. These events have served as a platform for AmiViz to collaborate with its top vendors, including Bitsight, Cequence Security, Picus Security, AlgoSec, BlackBerry, Check Point, Tenable, Asimily, and Threatcop, to showcase cutting-edge cybersecurity technologies and solutions.
Throughout these events, AmiViz engaged deeply with partners and customers, gaining invaluable insights into the unique cybersecurity challenges faced in the region. The focus was on promoting new technologies that address these challenges and enhance security protocols for businesses operating in the dynamic Middle Eastern market.
“Our presence at the MENA ISC 2024, and CYSEC UAE 2024 has been a remarkable opportunity for us to not only present our innovative solutions but also to understand firsthand the needs and pain points of our clients,” stated Ilyas Mohammed, COO at AmiViz. “Collaboration with our key vendors has allowed us to offer a comprehensive suite of cybersecurity products and services that cater specifically to the complexities of this region.”
AmiViz’s participation in these events underscores its commitment to advancing cybersecurity readiness and resilience across the Middle East. By leveraging strategic partnerships with leading global vendors, AmiViz continues to bring state-of-the-art cybersecurity solutions to the forefront, helping businesses protect their critical assets against increasingly sophisticated cyber threats.
AmiViz, along with its key vendors, will continue participating in major tech events, with plans for a strong presence at GITEX next month. Following GITEX, the company is gearing up for Black Hat in Saudi Arabia this November, showcasing its cutting-edge cybersecurity solutions to the region.
Cyber Security
UAE and Saudi Arabia Face Unprecedented 70% Rise in Threats: Positive Technologies
Positive Technologies experts have unveiled comprehensive research on the shadow market of cybercriminal services targeting the Gulf countries. The UAE and Saudi Arabian organizations remain in the crosshairs of cybercriminals, and over half of all posts on darknet forums are about selling data and access to local companies’ infrastructures. Researchers have highlighted a sharp increase in the free distribution of such data on the dark web, along with a surge in reports of DDoS attacks targeting the public sector and other industries. One in five ads analyzed was related to buying or selling access, with two-thirds available for under $1,000.
According to the research, cybercriminals remain focused on the two largest economies in the region—the UAE (40% of all posts) and Saudi Arabia (26%). The spotlight on darknet forums is on the public sector, which accounted for 21% of all analyzed posts. Most of the data (63%) related to regional government institutions was published for free as part of hacktivist attacks. Next in line for most popular on the dark web are commerce (16% of all ads), the service sector (15%), and financial institutions (13%).
Amid geopolitical tensions, hacker groups have ramped up calls for DDoS attacks and breaches to disrupt government institutions in the region. In the first half of 2024, the number of reports on the results of DDoS attacks on the dark web surged by 70% compared to the same period in 2023. Beyond the public sector, hacktivists also targeted the financial and transportation sectors.
According to the research, 33% of all the analyzed ads were linked to data breaches. One-third of these messages were about selling information. In these ads, criminals primarily offered databases stolen from major commerce companies, with an average cost of $2,300.
Positive Technologies analyst Anastasiya Chursina commented, “When compared to our previous research over a similar period, the share of freely distributed data almost doubled (up to 59%). This allows criminals to broaden the profiles of potential victims for targeted attacks. If the victim refuses to pay the ransom, both ransomware groups, as well as hacktivists (whose goal is to draw public attention to a political stance rather than just receive financial gain), can distribute data for free.”
Accessing company information resources is the second most common type of dark web ads, making up 21% of all listings. According to the research, in 70% of all cases, access can be bought for less than $1,000. The vast amount of access-for-sale ads on the darknet and their low cost make it easier for cybercriminals to gain initial access and launch attacks on organizations in the region.
Positive Technologies recommends that companies build their defences based on result-driven cybersecurity, using modern tools such as application-level firewalls, including cloud versions, network traffic analysis systems, solutions for monitoring information security events and managing incidents, as well as metaproducts.
Cyber Security
BotGuard OÜ to Offer Live Demos at GITEX GLOBAL 2024
BotGuard OÜ will present its intuitive, user-friendly cybersecurity solution at GITEX GLOBAL 2024, focusing on effective bot protection. Live demonstrations in Hall 25 stand H25-21 will showcase the ease and efficiency of the technology in securing websites against malicious attacks. “Our participation in GITEX GLOBAL 2024 underscores our commitment to addressing the escalating malicious bot attacks faced by organizations worldwide,” said Bertil Brendeke, Chief Revenue Officer (CRO) of BotGuard OÜ. “At GITEX, we aim to engage with industry leaders and stakeholders, sharing our expertise and practical technologies that can help fortify their defences.”
In 2023, 17% of API attacks involved bad bots exploiting business logic vulnerabilities. For hosting companies, such vulnerabilities can lead to unauthorised access to sensitive customer data or control over hosting resources, further emphasizing the need for reliable security protocols and regular audits of their systems. “BotGuard OÜ’s solutions are designed to address these exact challenges, enabling businesses to safeguard their digital assets. The technology is incredibly easy to use, making it accessible for businesses of all sizes,” the company said.
By participating in GITEX GLOBAL 2024, BotGuard OÜ aims to expand its reach in the Middle East, providing local businesses with the tools they need to combat cyber threats effectively. During the event, live demonstrations in Hall 25 stand H25-21 will showcase how their website protection can be set up within a minute. These demonstrations will highlight the efficiency and effectiveness of BotGuard’s solutions.
-
Cyber Security1 week ago
Global Cybersecurity Efforts Gain Momentum, But More Action Needed
-
Cyber Security1 week ago
Proofpoint Sets New Standard for Human-Centric Security
-
Homeland Security1 week ago
Homeland Security Market is Expected to Surpass $900 Bn By 2032
-
Homeland Security1 week ago
Lockheed Martin Delivers C-130J Super Hercules to Egypt
-
Events1 week ago
GITEX Digi_Health 5.0 Expo-Summit Asia Launches in Thailand
-
Cyber Security2 days ago
UAE and Saudi Arabia Face Unprecedented 70% Rise in Threats: Positive Technologies
-
Cyber Security2 days ago
BotGuard OÜ to Offer Live Demos at GITEX GLOBAL 2024
-
Cyber Security15 hours ago
AmiViz Champions Cybersecurity Innovation at Leading MENA Events