ELIoT Pro SIGNED

Project "ELIoT Pro" data sheet

The following table provides information about the project.

 Partnership

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Map

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 Project objective

Cyberus Labs is developing a novel cyber security platform for ultra-secure Internet of Things (IoT) networks. Currently, IoT is the wild west of cyberspace. Secure IoT is an urgent need in numerous industrial sectors. 48% of companies using IoT have been affected by breaches with detrimental impact on revenue and reputation. Cybersecurity is one of the main drivers of the IoT market growing at a CAGR of 44% but current solutions fail to provide needed protection. Strong IoT cybersecurity needs to eliminate all exploitable weak points that can be used for user and IoT device identity theft, device takeover, data theft, DDoS, cloning and Man-in-the-Middle attacks, being scalable and suitable for even the simplest devices e.g. sensors. Passwords and actionable credentials for Human to Machine (H2M) and Machine to Machine (M2M) authentication in IoT are the weakest link in cybersecurity today and credentials theft is a huge global problem. For users, passwords are a frustrating experience and for business a major cybersecurity risk. The solution: ELIoT (Easy&Lightweight IoT Protector) – an end-to-end cybersecurity solution for IoT networks. For H2M authentication in IoT environments the solution eliminates passwords – nothing for hackers to steal. Our core technology is based on the One-Time Password (OTP) user authentication protocol, mathematically proven unbreakable. For M2M in IoT environments ELIoT Pro ensures secure device-to-device authentication and data security using a lightweight encryption protocol. Unlike other crypto methods it is suitable for even simple sensors and saves battery power, which extends device lifespan. Our system is universal, easy to deploy, easy to use and ultra-secure. It is highly compatible with the growing trend of voice-controlled IoT hubs e.g. Alexa. Our 5 global technology partners are eager to license and integrate ELIoT into their IoT products, spreading its use in various IoT markets and driving company growth.