Illusive Networks

Illusive Networks
Private
Industry Cybersecurity
Founded 2014
Headquarters Tel Aviv, Israel
Area served
 Global
Key people
 Shlomo Touboul (CEO)
Ofer Israeli (Founder)
Nadav Zafrir (Chairman)
Products Security software
Website Official Website

Illusive Networks (stylized illusive networks) is a cybersecurity firm headquartered in Tel Aviv, Israel.[1][2] The company produces technology that deceives cyber attackers by planting false information about given network's resources.[3][4] Network administrators are alerted when cyber attackers use security deceptions in an attempt to exploit the network.[5] Illusive Networks is the first company launched by the Tel Aviv-based incubator, Team8.[6] In June 2015, Illusive Networks received $5 million in Series A funding from Team8.[7]

History

Illusive Networks headquarters in TelAviv

Illusive Networks was founded in 2014[8] by Team8 and Ofer Israeli, with Shlomo Touboul joining as the company's CEO.[9] In June 2015, Illusive received $5 million in Series A funding from cybersecurity incubator, Team8. Team8 is funded by a group of investors, including Google Chairman Eric Schmidt's venture capital fund, Innovation Endeavors, Alcatel-Lucent, Cisco Systems, Marker LLC, Bessemer Venture Partners, and others.[6] While in Israel at the 5th Annual International Cybersecurity Conference in 2015, Schmidt paid a visit to Illusive Networks' headquarters on June 9 during the company's official launch.[10] The company was named one of Gartner's Cool Vendors in Security and Intelligence for 2015.[9]

After receiving $5 million in Series A funding back in June 2015, Illusive Networks announced on October 20, 2015, their Series B round of $22 million by New Enterprise Associates.[11]

Technology

The software produced by Illusive Networks is designed to provide early detection of cyber attackers who have penetrated a given network. The software blocks intruders from advancing their attacks by providing false and misleading information that appears alongside real, valuable information.[1] The software is designed to thwart attacks and advanced persistent threats.[4] Instead of targeting malware, the Illusive software targets actual human beings (cyber attackers) who must make decisions at each step in the process in order to advance further into a network.[5] If the attackers use the deceptive lures during the attack, network administrators will be alerted and given the option to shut the attack down immediately or observe the hacker accruing real-time breach forensics. The technology is different than traditional honeypots in that it forms a deceptive "layer" across the entire network without installing agents or applications servers or endpoints.[4][9] The software has more than 50,000 users at Fortune 500 companies, healthcare companies, insurance companies, legal firms, and others.[7]

References

  1. 1 2 Bachman, Ulrich (9 June 2015). "Israeli Security Startup, Illusive Networks, Can Lure Hackers With Deceptive Honeypots". Tech News Today. Retrieved 3 August 2015.
  2. ↑ "illusive networks Raises $5 million; Eric Schmidt Applauds illusive's "Out of the Box" Thinking". The New York Times. 9 June 2015. Retrieved 4 August 2015.
  3. ↑ "Google CEO Praises, Invests In Israeli Cybersecurity Startup". The Tower. 11 June 2015. Retrieved 4 August 2015.
  4. 1 2 3 de Looper, Christian (9 June 2015). "Illusive Networks Foils Hackers By Luring Them Into Stealing Fake Data". Tech Times. Retrieved 5 August 2015.
  5. 1 2 "Israeli start-up Illusive Networks spins web of deception to foil hackers". The Economic Times. 9 June 2015. Retrieved 4 August 2015.
  6. 1 2 Cozza, Jef (9 June 2015). "Google's Schmidt Backs Cybersecurity Firm Illusive Networks". CIO. Retrieved 4 August 2015.
  7. 1 2 Okyle, Carly (9 June 2015). "Meet the Cybersecurity Startup That's Caught the Eye of Google's Eric Schmidt". Entrepreneur. Retrieved 4 August 2015.
  8. ↑ Miller, Ron (9 June 2015). "Security Startup Illusive Networks Uses Deception To Catch Hackers". TechCrunch. Retrieved 3 August 2015.
  9. 1 2 3 Weinglass, Simona (9 June 2015). "Team8's illusive networks raises $5 million to trap attackers in the act". Geektime. Retrieved 3 August 2015.
  10. ↑ Shapiro, Jenna (23 June 2015). "Netanyahu regales cybersecurity conference with Israeli achievements – including Eric Schmidt's support". Geektime. Retrieved 5 August 2015.
  11. ↑ Matney, Lucas. "Cybersecurity Firm Illusive Networks Raises $22M Series B, Looks To Protect Through Deception". TechCrunch. Retrieved 2015-10-21.

External links

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