CYBER-PDR SIGNED

Project "CYBER-PDR" data sheet

The following table provides information about the project.

 Partnership

Take a look of project's partnership.

Map

 Project objective

'Cyber threats have evolved from relatively harmless to powerful dangers to businesses with implications on the bottom line, reputation, privacy & more. In its 2019 Global Risk Report, the World Economic Forum lists cyber threats as #4 in terms of likelihood, & #7 in terms of impact. According to an Accenture report the accelerating cost of cybercrime in 2017 was 23% more than in it was in 2016 & it’s costing organisations, on average, €10.5M.With our ground-breaking CYBER-PDR solution, the business opportunity is clear. We anticipate potential annual revenues of €87M by 2022.

Illusive enables the most effective & earliest attacker detection attackers by stopping lateral movement, & empowering rapid triage through risk-awareness & real-time attack intelligence. Illusive’s technology is scalable, noiseless, easy to operate, & invisible to attackers. Illusive frustrates attackers’ lateral movements toward crown jewels in several important ways, thereby altering reality to prevent, detect, & respond to attacker movement.

The team is 90 strong globally, consisting of top cyber-attack specialists & pioneering cyber technology entrepreneurs with decades of collective experience in cyber warfare & cyber intelligence. Prior to establishing Illusive Networks, Ofer Israeli was an entrepreneur in residence at Team8, Israel’s leading cybersecurity think tank & company creation platform.

The overall aim of this project is to expand into the EU market. Our commercialisation activities will include: 1) Forge a strategic alliance with Cybertrap & market a shared development with their decoy; 2) Implement 960 demos & 160 POCs, part of which will be fortune 500 companies in banking, & insurance across Europe; 3) Build a pipeline in Europe; 4) Scale up operations; 5) Attend & speak at strategic events & tradeshows to build exposure in Europe; 6) Obtain all relevant regulatory & compliance certifications, & register additional patents & trademarks.'