ITsMine Named Top 10 Most Innovative Cybersecurity Startup at China’s Internet Security Conference (ISC)
September 14 2018 - 8:18AM
Business Wire
Asia’s largest cybersecurity conference
recognizes LABS/02 portfolio company ITsMine
ITsMine, a cybersecurity company focused on protecting
organizational data has been named one of the top ten most
innovative cybersecurity startups at China’s 2018 ISC Conference.
ITsMine, the only company selected outside of Asia, was recognized
for its new approach to data protection, and the first fully
automated DLP solution.
ITsMine CEO Kfir Kimhi said, "China's cybersecurity
market is growing very fast – more than thirty-percent in 2017.
This growth has led to an increase of investments in R&D by
large companies, as well as increased investments in startups. It
is a great honor to participate in the largest cyber event in Asia,
and to be chosen for this prestigious award."
Kimhi who delivered the 2018 ISC keynote speech on “insider
threats,” warned the audience that their networks are under attack
from the inside and explained what red-flags companies should look
out for to protect their data.
“Today, companies treat internal and external threats in the
same manner, when in fact they are very different,” said ITsMine
CEO Kfir Kimhi. “Insider threats cannot be prevented with a
defensive approach, and organizations must move to an offensive
approach in order to secure their data.”
Tan Xiaosheng, Executive Chairman of 2018 ISC said, “Data is the
new currency. Today, the ten largest enterprises in the world
produce nothing other than data, and yet all of this data remains
vulnerable. In conjunction with the conference, we selected the top
ten most innovative cybersecurity startups, one of which was
ITsMine, an Israeli startup, which offers a cutting-edge solution
to this major problem of data vulnerability. It’s important to note
that ITsMine was the only company outside of Asia selected for this
honor.”
ITsMine is a part of the OurCrowd Labs/02, seed stage incubator
portfolio, which focuses on cutting-edge technology that will shape
the future in innovative areas including AI, deep learning,
autonomous transportation and smart cities. ITsMine's participation
in the ISC conference is part of an increasing interest by key
Chinese companies in ITsMine's technology and Israeli cybersecurity
companies overall.
END
About ITsMine: The ITsMine solution offers a new
approach to Data Loss Prevention (DLP), guaranteeing protection
from internal and external attackers, without hindering the
workflow of employees. ITsMine's fully automated solution reduces
the deployment time and maps out the organization data to provide
the best protection. For more information visit
https://www.itsmine.io/.
About OurCrowd Labs/02: OurCrowd Labs/02 is Jerusalem’s
seed-stage incubator, centered at the heart of the city’s
innovation scene. The incubator’s core mission is to advance
cutting-edge technology that will shape the future in innovative
areas including AI, deep learning, autonomous transportation and
smart cities. Labs/02 invests in outstanding and highly motivated
founders, and leads them with a hands-on, mentorship-driven
approach. The incubator’s program is designed with a boot camp feel
to help founders jumpstart their companies towards
success. OurCrowd Labs/02, located in Jerusalem, is a
partnership between OurCrowd, Motorola Solutions (NYSE: MSI),
Reliance Industries (NSE: Reliance) and Yissum (the Technology
Transfer Company of The Hebrew University of Jerusalem.) The
incubator is part of the world famous Israeli incubator program
administered by the Israel Innovation Authority (formerly the
office of the Chief Scientist.) For more information visit:
www.labs02.com or email info@labs02.com.
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Press Contact:OurCrowdLeah Stern, UK: +44 747
019 6826Director of CommunicationsE: leah@ourcrowd.com