Dive Summary:
- In the wake of President Obama's executive order on cybersecurity, the smart grid cyber-protection startup Cylance announced that it had raised $15 million in venture capital from Khosla Ventures and Fairhaven Capital.
- After Cylance was founded last year by former McAfee CTO Stuart McClure, the startup brought in former Admiral William J. Fallon and Eric Cornelius, former deputy director and chief technical analyst for the Department of Homeland Security, as board members; the company also hired Billy Rios and Terry McCorkle, renowned in the industry for their work pinpointing problems in the supervisory data acquistion and control (SCADA) systems of Schneider Electric, General Electric, Siemens and more.
- Cylance "Presponse" cyber-protection service consists of four steps — first, create a comprehensive record of the customer's critical infrastructure; second, log all potentially vulnerable access points; third, gauge the customer's exposure to risk brought on by weaknesses in the grid; and fourth, predict and draw up responses to future cyberattacks.
From the article:
"... As for how Cylance goes about its protective tasks, it’s called 'Presponse' security, and the company’s website describes it as 'response that will not only detect a compromise inside an organization, but also determine its attack vector and source, and predict the most likely path of attack for the future.' ..."