AI+Internet of Things + Blockchain: These 10 companies need to be medical network security guardians

There is a network security risk in places where there is a network. With the increase of networked medical devices, the network security risks associated with them are also rising, and become a major issue in the entire network security field.

In the past few years, cyber attacks have shown a rapid upward trend. According to statistics, there is a hacking incident on the global average of 39 seconds, and medical equipment has become an important target for hackers.

As more and more medical devices use wireless communication technology, this puts medical devices in a very dangerous situation. These wireless signals are easily intercepted, disturbed, hijacked and reprogrammed. Once this happens, these life-saving medical devices will become body bombs.

In 2017, the US FDA recalled ABBott's 465,000 cardiac pacemakers due to security breaches. In March of this year, the US Department of Homeland Security (DHS) issued a warning that Medtronic's implantable heart devices are vulnerable to cybersecurity attacks, mainly because these devices use unencrypted signals.

According to Gartner, by 2020, 25% of health care attacks will come from IoT devices. According to the SANS report, about 17% of cyber attacks in hospitals come from medical terminals, and 77% of hospitals say that the safety of medical devices is their biggest concern.

The network security of medical equipment has become one of the most important issues for the medical Internet of Things. It is gratifying that more and more large technology companies and medical startups are adopting artificial intelligence, Internet of Things, blockchain, etc. Technology development and integration, and strive to find safer medical equipment solutions. Of course, these solutions are not only used in the medical industry, but also in industries such as industry, energy, and utilities.

1. AI-based medical equipment network security platform Cylera

Founded in 2017, New York startup Cylera is an AI-based Internet of Things and medical device network security company. The company's mission is to protect medical institutions and patients from malicious harm from others.


Through the company's proprietary technology, the MedCommand platform provides users with a patient-centric healthcare IoT security solution for intelligent management and operation of medical devices, continuous risk analysis, proactive and real-time threat prevention.

The company has received $5.5 million in financing and Samsung NEXT is also involved in the company's investment.

2. Agentless IoT Security Solution Armis Security

Founded in 2015, Silicon Valley startup Armis Security provides users with an agentless IoT security solution that allows businesses to view and control any device or network in real time.


The Armis platform monitors its behavior by monitoring all devices in the wireless environment and automatically identifies threats before they are connected to the network, controlling the allowed connections and checking traffic to secure the device.

In addition, the platform automatically disconnects and quarantines any suspicious malicious hardware without overwriting any existing access control policies on the network.

The company's solutions are suitable for a wide range of consumer electronics, HVAC systems, industrial and medical equipment, digital voice assistants, VoIP phones and more. It is reported that Armis is currently monitoring 46 million devices worldwide and has already cooperated with more than one-quarter of Fortune 100 companies.

In April of this year, the company received a $65 million Series C financing from Sequoia Capital, which has raised a total of $112 million.

3. The Internet of Things security platform Senrio based on adaptive algorithm

Founded in 2015, startup Senrio, based in Portland, Oregon, USA, provides customers with automated analysis based on adaptive algorithms and device-specific behavior.


The platform can identify, classify, and monitor all embedded devices in the network in real time, and generate visually dynamic records of all identified network devices in the customer's IT environment.

Currently, the company has provided network security services to customers such as Samsung, Google, HP Blackberry, Comcast Xfinity and the National Security Agency.

4. Medical Device Data Security as a Service MedCrypt

Founded in 2016, California startup MedCrypt provides users with medical device data security as a service.


From medical imaging devices to surgical robots to implantable devices such as pacemakers, through data encryption, signature verification and behavioral monitoring, MedCrypt aims to ensure that medical devices can only operate on instructions from reliable sources.

In May of this year, the company received a $5.3 million Series A financing from Section 32, and has raised a total of $8.4 million.

5. Internet-based security platform Cybeats from the inside out

Founded in 2016, Canada's Ontario startup Cybeats provides network security and firmware lifecycle management services for the IoT industry.


The company's platform adopts a “from the inside out” approach to network security prevention, by embedding “micro-agents” in the IoT environment to compensate for the inadequacy of existing medical device software and hardware. The micro-agent can immediately detect and block threats found in the firmware, reducing downtime for system attacks.

Cybeats developed "Dynamic Models for Building and Maintaining Health Device Behavior" to detect anomalous behavior rather than relying on external threats and vulnerability databases.

The SaaS cloud ecosystem developed by Cybeats saves time and money by analyzing the data of infected devices and providing customers and IT professionals with a complete diagnostic and treatment plan for threats.

In December 2018, the company completed a $3 million seed round financing led by Ripple Ventures.

6. Medical Internet of Things (IoMT) security platform Cynerio

Founded in 2017, Israeli startup Cynerio uses machine learning algorithms to help healthcare companies protect patient data and network security for networked medical devices.


The platform uses machine learning algorithms to analyze medical workflows, automatically discover medical devices on any particular network, draw device risks and vulnerabilities, detect unusual activity, and block suspicious communication.

Currently, the Rambam Hospital and Tel Aviv Medical Center in Israel are using the company's technology to protect sensitive medical data. In January of this year, the company received $7 million in seed round financing.

7. Risk-based network security service provider Risk Based Security

Established in 2011, the Virginia startup, Risk Based Security, provides users with risk identification and security management tools through interactive dashboards and data analysis.


The company claims to have the world's largest database of network vulnerabilities, including more than 199,000 security vulnerabilities covering more than 47,000 products. Risk can be quickly identified by automatically analyzing data breach details.

Current corporate clients include insurance companies, manufacturers, banks, pharmaceutical companies, healthcare companies, life sciences and other technology service providers.

8. Blockchain-based IoT security platform Xage Security

Founded in 2017, Xage Security, a Silicon Valley startup in the United States, provides users with blockchain-based network security solutions.


Xage Security's platform requires an approved MAC address and an authorized fingerprint to ensure that only authorized machines and personnel enter the system. At the same time, by installing a certificate on the device, it is ensured that the machine requesting access has been authenticated and authorized by the relevant department.

When a network attack is encountered, the platform isolates the threat by locking the affected sectors, preventing the risk from spreading to the entire network. The platform is suitable for energy, telecommunications, public utilities, construction management, manufacturing, healthcare, etc. Currently, more than 1,000 companies worldwide use their security platforms.

The company has raised a total of $16 million, and both GE and Saudi Aramco Energy Ventures have invested in the company.

9. AI-based medical IoT security platform CyberMDX

New York startup CyberMDX was founded in 2017 to provide users with automated medical Internet of Things (IoMT) security management solutions. The company aims to create a "network security total solution" by building a system that automatically identifies, alerts, and protects every device connected to the hospital network.


The company's MDefend network security software products protect medical devices and clinical data without having to install anything on medical devices. Through AI technology with autonomous learning capabilities, network vulnerabilities and risk prevention can be analyzed to protect the data communication security of hospitals and clinical networks.

In July 2018, the company received a $10 million Series A round of financing from Pitango Venture Capital and Qure Ventures.

10. AI-based IoT Security Guard Zingbox

Founded in 2014, Zingbox, a Silicon Valley startup in the United States, is an IoT infrastructure security service provider.


The company has developed a product called IoT Guardian that analyzes network traffic through machine learning, determines the operation of the device or software, automatically reports risks when it detects abnormal activity, and protects it. According to the company, it is possible to identify the individualization of each connected device through an “unsupervised deep learning solution”.

The company currently protects more than 11.2 million devices and analyzes and processes 62TB of data per day. The company has raised a total of $23.5 million in financing and Dell is also involved in the company's investment.

Author: Zhang Ke

Transfer from WeChat public account: Capital Lab

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