ALTR delivers cybersecurity platform

ALTR startup pops up to renovate security standards for data monitoring, governance and threat protection
06 June 2018   603

The first commercial product gets released by ALTR to utilize benefits of blockchain in security area. The platform is backed with ALTRchain - data storage built on enterprise-grade blockchain technology. The ALTR platform is a data-security solution for organizations to monitor, access and store critical information.

The company has raised 15 mln USD in funding. A group of advisors include:

  • Mike Maples, former security executive at Microsoft and IBM;
  • Fred Burton, former deputy chief of the counterterrorism division at US Diplomatic Security Service;
  • Michael Hermus, former CTO of the US Department of Homeland Security

The platform is meant to be deployed between data and applications, pull the information at driver-level and stores it immutably on ALTRchain. The platform consists of ALTR Monitor (provides detailed intelligence on all data-access activities), ALTR Govern (lets users create and apply rules-based locks and access thresholds in real-time) and ALTR Protect (decentralizes sensitive data storing it across a private blockchain).

We have a choice between change or breach. etwork-focused security isn't enough because it never really puts a dent in the sheer number of vulnerabilities. Rather than patching the existing attack surface, ALTR has found a way to significantly reduce it. In fact, with ALTR's full solution in place, the threat vectors for data move to nearly zero. Digital trust can finally be restored.

 

David Sikora

CEO, ALTR

More information can be found here.

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   112

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].
 

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.